Daily News

Image

Submersible Titan has imploded near the site where the British passenger liner sank in 1912

The submersible, Titan, which set out on an expedition to the Titanic shipwreck site, almost 13,000 feet below sea level, has imploded near the site where the British passenger liner sank in 1912. All five members onboard the ill-fated vessel have been declared dead in the ‘catastrophic implosion’, ending the multinational five-day search.

Did you Know

The submersible was owned by US-based firm OceanGate.

Image

Day of the Seafarer [IMO] | 25 June

Day of the Seafarer is celebrated annually on 25 June to express thanks to the world’s 1,5 million seafarers serving on internationally trading merchant ships thereby contributing to the world economy and economic and social well-being. The first Day of the Seafarer was observed on June 25, 2011.

Did you Know

Image

Dr Jitendra Singh launches the GEMCOVAC® -OM, an Omicron-specific mRNA-based Booster vaccine

GEMCOVAC® -OM is an Omicron-specific mRNA-based Booster vaccine. India’s first mRNA vaccine has been developed using the indigenous platform technology by Gennova, with funding support from Department of Biotechnology (DBT) and Biotechnology Industry Research Assistance Council (BIRAC).

Did you Know

Image

RBI allows remittances under LRS for paying fees to foreign institutions in IFSCs

The Reserve Bank of India (RBI) said it has allowed remittances under liberalised remittance scheme (LRS) for payments of educational fees in foreign universities or foreign institutions in International Financial Services Centres (IFSCs). Presently, remittances to IFSCs under liberalised remittance scheme (LRS) can be made only for making investments in securities.

Did you Know

Image

RBI imposes fine on Jammu and Kashmir Bank, Bank of Maharashtra, Axis Bank

The Reserve Bank said it has imposed a penalty of Rs 2.5 crore on Jammu and Kashmir Bank for non-compliance with certain directions, including one related to 'time-bound implementation and strengthening of SWIFT-related operational controls'.

Did you Know

Image

Spain win UEFA Nations League title after edging past Croatia on penalties

Spain won the UEFA Nations League title for the third time after edging past Croatia on penalties in the final in Rotterdam, Netherlands. Unai Simón was Spain’s hero making two saves in the shoot-out following a match that finished goalless after extra-time. The next edition of UEFA Nations League is due to begin in September 2024, with the finals scheduled for June 2025.

Did you Know

Image

Chinese tech giant Alibaba names Eddie Wu as next CEO

Chinese tech giant Alibaba announced that it will replace chairman and CEO Daniel Zhang with current executive vice chairman Joseph Tsai as chairman and Eddie Wu as CEO in September. Hangzhou-based Alibaba is one of China's most prominent technology firms, with business operations spanning cloud computing, e-commerce, logistics, media and artificial intelligence.

Did you Know

Image

BIS makes license mandatory for 24 footwear products from 1st July

The Bureau of Indian Standards (BIS) license will be mandatory for 24 footwear products from the 1st of July, 2023. The Director General of the BIS, Pramod Kumar Tiwari highlighted the importance of the Quality Control Orders issued recently by the government for footwear and other products.

Did you Know

Image

‘India’s Finance Ministers’ by AK Bhattacharya: Steering Indian economy from Independence to ’77

From Independence to Emergency: India’s Finance Ministers 1947-1977 is the story of India’s unforgettable finance ministers who shaped India’s economy in the first thirty years after Independence. The book highlights the significant difference that these finance ministers made to the management of the Indian economy and to the policy evolution of the government.

Did you Know

Image

Austria's Vienna ranked world's most liveable city for 2nd year running

According to the Economist Intelligence Unit's (EIU) Global Liveability Index 2023, for the second year running, the Austrian capital Vienna took the title of world’s most liveable city, based on a wide range of indicators, followed by Copenhagen. From India, New Delhi and Mumbai are at 141st position and Chennai at 144th.

Did you Know

Image

India becomes Asia's top source of international travellers, especially to US

In 2022, India became for the first time Asia’s highest source of international travelers, according to tourism consultancy IPK International. International travelers from India in 2022 exceeded those of China, South Korea, and Japan, the company said.

Did you Know

Image

Bengaluru startup ecosystem ranked 20th on global list

Bengaluru has clinched the 20th spot, moving up two places, in Startup Genome’s The Global Startup Ecosystems Report 2023. While Silicon Valley remained on top, New York City and London were tied at No 2. With this, the top three ecosystems have held their positions from 2020. Among the emerging ecosystems, Pune has moved into the 31-40 range in 2023, from 51-60 in 2022.

Did you Know

Image

$295 Million ADB Loan to Support Road Improvement in Bihar, India

The Asian Development Bank (ADB) has approved a $295 million loan to widen and upgrade around 265 kilometers of state highways, improving transport connectivity and safety in the state of Bihar in India. The highways will be upgraded with climate- and disaster-resilient design, road safety elements, and other features that will respond to the needs of the elderly, women.

Did you Know