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India successfully test-fires 'Pralay' missile off Odisha coast

India on Tuesday successfully test-fired its surface-to-surface short-range ballistic missile (SRBM) 'Pralay' from the Abdul Kalam Island off the Odisha coast.

'Pralay' is a 350-500 km short-range, surface-to-surface missile with a payload capacity of 500-1,000 kg. The solid-fuel, battlefield missile is based on the Prithvi Defence Vehicle.

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GAIL's Deepak Gupta appointed as Nominee Director on SEAGP Board

Deepak Gupta, who is serving as Director (Projects) of GAIL (India) Limited has been appointed as Nominee Director on the board of South-East Asia Gas Pipeline Company Limited (SEAGP). He has been appointed on the Board of SEAGP with effect from November 1, 2023, GAIL (India) said.

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NPCI appoints Pankaj Tripathi as 'UPI Safety Ambassador'

National Payments Corporation of India (NPCI) announced the appointment of acclaimed Bollywood actor Pankaj Tripathi as its 'UPI Safety Ambassador' to strengthen safety awareness on digital payment platforms.

According to NIC, at the end of the calendar year 2022, UPI’s total transaction value stood at ₹125.95 trillion, up 1.75 X year-on-year (YoY), as per the NPCI.

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Okaya and IOC plan to collaborate to install more than 2,500 EV chargers throughout India

Okaya EV is planning to collaborate with Indian Oil Corporation (IOC) to set up 2,550 electric vehicle chargers all over India. An investment of Rs 125 crores will make this collaboration see fruition.

362 chargers, out of the total planned, have already been installed in various states.

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Release of the India Finance Report of the Centre for Advanced Financial Research and Learning (CAFRAL)

The first flagship publication of the Centre for Advanced Financial Research and Learning (CAFRAL) with the title “India Finance Report 2023” (IFR 2023) was released by Shri Shaktikanta Das, Governor, Reserve Bank of India (RBI). CAFRAL, a not-for-profit organisation, was set up in 2011 as an independent body by the RBI to promote research & learning in banking & finance.

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B.P. Kanungo : current Director of CAFRAL.

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RBI issues new directions for IT governance in banks, NBFCs

The Reserve Bank of India (RBI) released new master directions for ‘information technology governance’, risk, controls and assurance practices among regulated entities like banks and NBFCs. Their key areas will include “strategic alignment, risk, resource and performance management, and business continuity or disaster recovery management”.

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NHRC Chairperson Justice Arun Mishra addresses 14th International Conference of NHRIs at Copenhagen, Denmark

National Human Rights Commission (NHRC) Chairperson Justice Arun Mishra addressed the 14th International Conference of the National Human Rights Institutions (NHRIs) at Copenhagen, Denmark.

The role of NHRIs’ to make societies more humane and civil to eradicate the menace of torture where often victims are poor and hapless individuals.

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The theme of the conference is ‘Torture and other ill-treatment'

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PayGlocal receives in-principle approval from RBI for payment aggregator business

PayGlocal, a cross-border focused payments platform provider, has received in-principle approval from the Reserve Bank of India for Payment Aggregator (PA) license.

This process, once completed, will enable PayGlocal to onboard merchants onto its platform for online payment processing.

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India and Netherlands sign a MOI to cooperate on medical product regulation, and enhancing the quality of medical products

India and Netherlands have signed a Memorandum of Intent (MoI) to cooperate on medical product regulation and enhance the quality of medical products and healthcare services for both countries at Hague, Netherlands.

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Indian Institute of Corporate Affairs (IICA) and FSR Global sign MoU to promote collaboration in academia and research

A Memorandum of Understanding (MoU) was signed between the Indian Institute of Corporate Affairs (IICA) and the FSR Global at IICA Campus in Manesar, Gurugram.

IICA and FSR Global aim to foster collaborative efforts and explore pragmatic approaches for establishing mutually beneficial partnerships.

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Asia University Rankings 2024: IIT Bombay & IIT Delhi among top 50

Quacquarelli Symonds released QS Asia University Rankings 2024. Two Indian institutes- IIT Bombay and IIT Delhi have been ranked in the top 50 list.

IIT Bombay has secured the top position in India and 40th position in overall Asia.

Similarly, IIT Delhi stood second among Indian institutes and secured 46th rank overall.

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Adani's Colombo port terminal to get $553 million funding from US DFC

The U.S. International Development Finance Corporation (DFC) has announced a $553 million investment in the Adani Ports-led container terminal project in Colombo, Sri Lanka.

The DFC has pledged $1 billion to Sri Lanka, the second highest in the region, following India. The investment in the new terminal is aimed at catering to growing economies in the region.

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Legal Services Day II 9 November

Annually on November 9, India observes National Legal Services Day to mark the adoption of the Legal Services Authorities Act 1987, which was officially enacted on the same date in 1995.

Since then, Legal Services Day has been consistently celebrated across the various states of India with the primary objective of promoting legal awareness among its citizens.

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IBM, Amazon Web Services collaborate to set up innovation lab in Bangalore

IBM, in collaboration with Amazon Web Services (AWS), has set up an innovation lab at its Client Experience Centre in Bengaluru.

The lab is a first-of-its-kind for the IBM-AWS collaboration.

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