The Prime Minister Shri Narendra Modi Launched 'Mera Yuva Bharat (MY Bharat)’ platform for youth of the country on October 31st, at Kartavya Path on the National Unity Day.
The International Solar Alliance (ISA) announced that the Global Solar Facility (GSF), a payment guarantee fund formed by ISA to stimulate investments into solar power projects, is set to receive a capital contribution of $35 million dollars.
The Competition of Commission of India (CCI) has approved the proposed combination relating to minority investment by India Business Excellence Fund – IV in SK Finance Limited.
Lionel Messi added another notch to his legend on, winning the Ballon d'Or as the world's best soccer player for a record eighth time. The women's award went to Spain's Aitana Bonmatí.
Messi, 36, beat out Manchester City striker Erling Haaland and forward Kylian Mbappé of Paris Saint-Germain, who finished second and third in the voting, respectively.
The Sri Lankan government has renewed the petroleum products license granted to Lanka IOC, the local subsidiary of Indian Oil Corporation, for another 20 years. The license originally issued in 2003 was to expire in January 2024. This will allow Lanka IOC to continue its retail operations on the debt-trapped island nation until Jan. 22, 2044.
The LIOC holds around 20% of the market share in the auto fuel segment in Sri Lanka.
Manufacturing sector accounted for 78 per cent of the total reported Foreign Technical Collaborations (FTCs) with Japan, the US, and Germany remaining the top three source countries for technology transfer, as per Reserve Bank of India (RBI) survey.
The country's cotton production is estimated at 29.51 million bales in the 2023-24 marketing season, the lowest in 15 years on less planting amid the El Nino effect, as per the Cotton Association of India (CAI).
Cotton production is lower by 7.49% from 31.89 million bales in the 2022-23 marketing season. It is also lower than the government estimate of 31.65 million bales.
Zydus Lifesciences Ltd. has acquired U.K.-based LiqMeds Group for GBP 68 million (around Rs 689 crore). The Ahmedabad-based group, through its wholly owned subsidiary Zydus Pharmaceuticals UK Ltd, will also pay yearly earn-outs until 2026 depending on the achievement of certain agreed milestones towards the acquisition.
A total of 4,61,312 road accidents occurred in 2022, which claimed 1,68,491 lives, while 4,43,366 people were injured, according to a new report released by the Ministry of Road Transport and Highways (MoRTH). The report titled 'Road accidents in India -- 2022' said this marks an 11.9% year-on-year rise in accidents and a 9.4% increase in fatalities.
The Insurance Regulatory and Development Authority of India (IRDAI) has mandated that, starting from January 1, 2024, insurers must furnish updated Customer Information Sheets (CIS) for health insurance policies.
The RBI's regulations aim to bring all entities involved in facilitating cross-border payment transactions for the import and export of goods and services under direct RBI regulation, considering the developments in cross-border payments. This includes Authorised Dealer (AD) banks, PAs, and PAs-CB (Payment Aggregators for Cross-Border transactions).
Indian companies expect to raise employee salaries by 9.8% in 2024, close to the 10% increase in 2023, making India the country with the highest salary hikes in Asia Pacific, according to WTW's Salary Budget Planning Report.
Kozhikode in Kerala has been designated as the UNESCO ‘City of Literature’ and Gwalior as the ‘City of Music’ in the latest UNESCO List of Creative Cities Network. The cities get acknowledged and recognition for their strong commitment to harnessing culture and creativity.
Bharat Heavy Electricals Ltd (BHEL) announced that Koppu Sadashiv Murthy took charge as the Chairman and Managing Director of the public sector engineering and manufacturing enterprise.