The United States has nominated former Mastercard CEO Ajay Banga to lead the World Bank, President Joe Biden announced.
The news comes days after Trump appointee David Malpass announced plans to step down in June from his role leading the 189-nation poverty reduction agency. His five-year term was due to expire in April 2024.
He is the first Indian-born nominee to the World Bank president role.
Ministry of Ports, Shipping, and Waterways identified & nominated Paradip Port (Odisha), Deendayal Port (Gujarat), & V O Chidambaranar Port (Tamil Nadu) to be developed as hydrogen hubs.
The ports, as envisioned in the National Green Hydrogen Mission, will be made capable of handling, storage & generation of green hydrogen to meet India's 2030 hydrogen production goals.
Comptroller and Auditor General, Girish Chandra Murmu has been selected as External Auditor of the International Labour Organization in Geneva for a four-year term from 2024 to 2027.
The decision was taken after a rigorous selection process.
CAG will take over from the incumbent External Auditor of ILO, Supreme Audit Institution of Philippines.
Olectra Greentech in technical partnership with Reliance unveiled a Hydrogen Bus, which is a carbon-free alternative to traditional public transportation. Olectra Greentech Ltd., a subsidiary of Megha Engineering and Infrastructures Ltd., is set to offer the next-generation transport system to the Indian market.
A single hydrogen fill allows the bus to travel up to 400 km.
Olectra aims at commercially launching these buses within a year.
The NSE’s index services subsidiary, NSE Indices Limited has launched India’s first ever Municipal Bond Index at a SEBI workshop on Municipal Debt Securities at Bengaluru.
The Nifty India Municipal Bond Index tracks the performance of municipal bonds issued by Indian municipal corporations across maturities and having investment grade credit rating.
Mr. Girish Chandra Chaturvedi
Chairman & Public Interest Director, NSE
The Microsoft founder and philanthropist picked up 3.8% of Heineken Holding, according to a filing by the Dutch regulator AFM. He bought 6.65 million shares in Heineken Holding, in his individual capacity, and another 4.18 million shares through the Bill & Melinda Gates Foundation Trust.
Heineken Holding is the world’s second-largest brewer.
The board of investment of Sri Lanka has issued the letter of approval to the renewables arm of the Indian conglomerate Adani Group, for setting up two wind power plants in Mannar and Pooneryn, in Sri Lanka, for an investment of $442 million, or Rs 3,657 crore.
The project will add 350 megawatts of electricity to the national grid within two years.
The country's largest private sector lender HDFC Bank Ltd. announced that it has raised $750 million, or Rs 6205.283 crore, through a dollar bond sale.
The USD denominated senior unsecured instruments will be redeemed on maturity in March of 2026.
The bank said it will pay a coupon of 5.686% for the three year bonds, according to an exchange filing.
The National Stock Exchange (NSE) received the capital market regulator’s nod to launch social stock exchanges (SSEs) as a new segment.
This approval from the Securities and Exchange Board of India (Sebi) means that the bourse can now launch the new platform and sign-up relevant entities for listing. Sebi already gave an in-principle to NSE to launch SSEs late last year.
Madhabi Puri Buch- current Chairperson of SEBI.
;Ashishkumar Chauhan, MD & CEO of NSE.
IDFC Mutual Fund (MF) is all set to launch the IDFC US Treasury Bond 0-1 Year FOF (fund of funds), the industry’s first international debt fund.
It gives investors an opportunity to diversify beyond India, and into US treasurys which are seen as a safe-haven asset in times of economic uncertainty.
Dr. Mansukh Mandaviya, Union Minister for Health and Family Welfare virtually addressed the 'The India Dialog' session on the Economic Impact of Vaccination & Related Matters. The dialog was organized by Institute for Competitiveness and US-Asia Technology Management Center, Stanford University.
The Foundational Literacy and Numeracy report was released by Dr Bibek Debroy, Chairman, Economic Advisory Council to the Prime Minister (EAC-PM).
The report was released at #TheIndiaDialog organised by Institute for Competitiveness and US-Asia Technology Management Center, Stanford University, on February 23 & 24, 2023.
CSC Academy, a subsidiary of Common Service Centre e-Governance Services India Limited, and NIELIT (National Institute of Electronics and Information Technology) have signed a Memorandum of Understanding (MoU) to enhance digital literacy and skill development in India.
Shri Sanjay Kumar Rakesh, MD & CEO, CSC SPV.
Dr. Rishikesh Patankar, CEO, CSC Academy.
Dr. Madan Mohan Tripathi, Director General, NIELIT.
PM Shri Narendra Modi will inaugurate ‘Barisu Kannada Dim Dimava’ cultural festival at Talkatora Stadium, Delhi on 25th February.
In line with the Prime Minister’s vision of ‘Ek Bharat Shreshtha Bharat’, ‘Barisu Kannada Dim Dimava’ cultural festival is being organized to celebrate Karnataka's culture, traditions and history.
Sajjan Jindal, Chairman and Managing Director, JSW Group, was named the EY Entrepreneur of the Year 2022 and will now represent India at the EY World Entrepreneur of the Year Award (WEOY) at Monte Carlo in June 2023.
Awards were also announced for nine other categories with the winners representing both mature industries and young entrepreneurs from startups.
Central Excise Day is celebrated every year on 24 February to honor and appreciate the efforts, services, and contribution of the Central Board of Indirect Taxes and Customs.
Central Excise Day is dedicated to commemorate the Central Excise and Salt Act which was established on 24th February 1944.
Indian Naval Ship Sumedha has reached Abu Dhabi, United Arab Emirates to participate in Naval Defence Exhibition - NAVDEX 23 and International Defence Exhibition - IDEX 23.
The ship's participation in two leading regional naval and defence exhibitions will showcase the strengths of India's indigenous ship building and underscore the vision of Aatma Nirbhar Bharat.