Automobile major Tata Motors has announced the appointment of Rajesh Kannan as the President and Chief Digital and Information Officer (CDIO). Kannan is presently working with Tata Consultancy Services (TCS) Limited.
He will be moving from TCS to Tata Motors, to take up his new role as President and CDIO from August 1st.
Asian Paints announced that its board approved the appointment of R Seshasayee, as the chairman of the board and the company, with effect from October 1, 2023. He will continue to hold the position till January 22, 2027.
Seshasayee will replace Deepak Satwalekar, whose term ends on September 30
The Ministry of Chemicals & Fertilizers in association with the Federation of Indian Chambers of Commerce and Industry (FICCI) organized the 3rd edition of the Summit on "Global Chemicals and Petrochemicals Manufacturing Hubs in India" (GCPMH 2023) on 27th – 28th July 2023 at New Delhi.
Union Minister of Finance Smt. Nirmala Sitaraman inaugurated the two days Summit.
The International Monetary Fund has revised the growth forecast of India's gross domestic product to 6.1% for the current fiscal. The 0.2 percentage point upward revision as compared with the April projection reflects momentum from stronger domestic investments last year, according to the latest edition of the IMF's World Economic Outlook.
Mahindra and Mahindra said it had bought a 3.53% stake in RBL Bank for ₹417 crores. The company also broached the possibility of additional investments up to a 9.9% stake.
An approval from the Reserve Bank of India is needed to acquire a 5% stake in any Indian lender.
SpaceX Falcon Heavy rocket will launch Maxar Technologies' largest ever satellite, the Jupiter 3. The communications platform will join others in the Hughes Jupiter satellite fleet already in orbit, which provides broadband internet services to North and South America.
The satellite will be the world's largest commercial communications satellite once it's fully deployed.
Jio Financial Services Ltd, the demerged financial lending arm of Reliance Industries Ltd, and BlackRock, the world’s largest asset manager, have joined hands to set up an asset management company with a combined investment of $300 million.
The 2 partners plan to invest $150 million each in the JV, making it the 44th player in the Indian mutual fund industry
Federal Bank, on the occasion of the start of the FIFA Women’s World Cup, has announced the launch of an exclusive NR savings account scheme, specifically curated for NRI women.
This scheme, named NRE Eve+, is designed to cater to the unique financial needs of NRI women offering a range of benefits tailored to enhance the financial journey of NRI women.
Shyam Srinivasan, MD & CEO, Federal Bank.
The Mangalore Refinery and Petrochemicals Limited (MRPL), a Miniratna PSU refinery based in coastal Karnataka and a subsidiary of ONGC, has become the single largest PSU-refinery (single location) in the country for the year 2022-23. MRPL achieved this feat by processing 17.14 Million Metric (MT) tonnes of crude oil during the past financial year.
In a bid to provide help to farmers in cultivation, Prime Minister Narendra Modi will dedicate 1.25 lakh centres of ‘Pradhanmantri Kisan Samridhi Kendras (PMKSK) at a special function in Rajasthan’s Sikar district on 27 July. The launch of PMKSKs will provide solutions to farmers on needs related to agricultural inputs, seeds, fertilisers, and testing facilities.
In order to foster collaboration in the field of AI and Emerging Technologies, ‘India AI’ – an IBD under Digital India Corporation and Meta, India have signed an MoU. The objective of the MoU is to establish a framework for collaboration and cooperation between ‘India AI’ and Meta in the field of Artificial Intelligence & Emerging Technologies.
The 8th India-Australia Defence Policy Talks (DPT) was held at Canberra in Australia on 24-25 July 2023. The Defence policy talks were co-chaired by Special Secretary in Ministry of Defence Smt. Nivedita Shukla Verma, and Mr Steven Moore. The focus was to strengthen partnership in co-development and co-production of defence equipment.
The Prime Minister, Shri Narendra Modi dedicated to nation the International Exhibition-cum-Convention Centre (IECC) complex at Pragati Maidan in New Delhi and urged the nation to move ahead with the principle of ‘Think Big, Dream Big, Act Big’. The complex has been named, ‘Bharat Mandalam’. He also unveiled the G-20 coin and G-20 stamp at the grand opening ceremony.
The government will consider the Production Linked Incentive (PLI) scheme for Chemicals and Petrochemicals sector to make India a manufacturing hub for such products. In view of stringent pollution control regulations and rising labour cost, global manufacturers in the chemical industry are looking at diversifying their products and production capability.
Shankari Chandran won the 2023 Miles Franklin Literary Award for her novel Chai Time at Cinnamon Gardens. The novel is set in the Cinnamon Gardens Nursing Home in the suburb of Westgrove, Sydney – populated with residents with colourful histories.