Indo-National Ltd (INL) will set up a new subsidiary ‘Nippo Green Energy Pvt Ltd’ as a joint venture with Apollo Hospitals Enterprises.
INL will hold 74 per cent of equity share capital while the remaining 26 per cent paid-up equity share capital will be held by Apollo Hospitals Enterprises.
Meanwhile, the company unveiled a new Nippo brand logo to celebrate 50 years.
Tata Sons Chairman Natarajan Chandrasekaran was conferred "Chevalier de la Légion d'Honneur" (Knight of the Legion of Honour) by French Minister for Europe and Foreign Affairs Catherine Colonna.
N Chandrasekaran was felicitated with the highest French civilian award for his contribution in strengthening and building business between India and France.
Genpact founder Pramod Bhasin has been appointed the new chairman of the Data Security Council of India (DSCI), effective April 1, 2023, the organisation announced Wednesday. Bhasin is currently also the chairman of Indian Council for Research on International Economic Relations (ICRIER).
He succeeds Rajendra S Pawar, the chairman and cofounder of NIIT Group.
DSCI CEO Vinayak Godse.
Senior advocate KV Viswanathan, whose name was recommended by the collegium for judgeship in the Supreme Court, will become the 58th Chief Justice of India in August 2030 for a period of over nine months if the Centre gives the nod.
If the recommendation goes through, Viswanthan will join the elite list of lawyers who went on to become the CJI after being directly elevated.
HDFC Asset Management Company Ltd announced the launch of the country's first mutual fund focussed on defence sector, a move that will provide investors an opportunity to participate in growth potential of this space.
The fund will invest at least 80 per cent of its net assets in defence and allied sector companies.
United Nations has warned that the next five years are expected to be the warmest period on record. UN's World Meteorological Organization (WMO) said the combined effect of El Nino and greenhouse gases will cause temperatures to soar. The World Meteorological Organization said, global temperatures are more likely to surpass 1.5° Celsius of warming by 2027.
Srichand Parmanand Hinduja the chairman of the Hinduja Group, passed away in London. According to the Bloomberg Billionaires Index, SP Hinduja had an estimated net worth of about $3.6 billion. In 2022, SP Hinduja and his younger brother Gopichand topped The Sunday Times Rich List for the fourth time, with an estimated net worth of £28.5 billion ($36 billion).
India and the European Union will coordinate their policies with regards to the strategic semiconductor sector, with the aim of concluding a Memorandum of Understanding by Sept 2023. According to joint statement issued after the first India - EU Trade and Technology Council (TTC) meting held in Brussels , the two sides will work towards bridging the digital skills gaps.
The World Economic Situation and Prospects report released by the United Nations has reposed its faith in the Indian economy. The report said that India is expected to grow by 5.8 percent in 2023 and 6.7 percent in 2024. With this, India is expected to remain the fastest-growing major economy in the world. The growth will be supported by resilient domestic demand.
The Union Government has approved signing of Project Collaboration Agreement between the Department of Health Research and the World Health Organization on Assistive Technology. This collaboration aims at working towards drawing global attention toward access to assistive technology, fostering research and innovation and developing and disseminating appropriate programs.
Every year, since 1977, the International Council of Museums (ICOM) has organized International Museum Day on 18 May o raise awareness about the fact that, “Museums are an important means of cultural exchange, enrichment of cultures and development of mutual understanding, cooperation and peace among peoples.” The theme for 2023 “Museums, Sustainability and Wellbeing”
Arjun Ram Meghwal, who has been the minister of state for Culture, has been assigned the independent charge as Minister of State in the Ministry of Law and Justice in addition to his existing portfolios, in place of Shri Kiren Rijiju, the President's Secretariat said in a statement.
Rijiju took over as the Law and Justice Minister on July 8, 2021.
The Union Cabinet cleared a revised production linked incentive (PLI) scheme for IT hardware with an outlay of Rs 17,000 crore, more than doubling the budget for the scheme that was first cleared in 2021. The scheme will be implemented from July 1, with a cap on maximum incentives available to participating companies.
SBI Funds Management has received RBI approval to increase stake in HDFC Bank to 9.99 per cent in six months. The investment will be made as part of the mutual fund schemes managed by SBI Funds Management. The approval was granted on an application made by SBI Funds Management to RBI.
The Union Cabinet decided not to increase fertiliser rates and approved a crop-nutrient subsidy of ₹1.08 lakh crore for the June-September kharif or summer-sown season. For 2023-24, the Union budget in February allocated ₹ 1.75 lakh crore, but even though fertilizer rates have stabilized, actual full-year spending could cross ₹ 2 lakh crore again.