Rating agency Moody’s has retained India’s GDP growth projection at 6.7% for 2023.
In its report on Global Macro Outlook, it said sustained domestic demand is propelling India’s economy as it maintained India’s growth rate in 2023 at 6.7%. For 2024 and 2025, the agency expects India to grow at 6.1% and 6.3% respectively.
ICICI Bank Ltd. has received approval from the Reserve Bank of India for making brokerage firm ICICI Securities Ltd. a wholly owned subsidiary.
In June, the private lender had approved a proposal to delist ICICI Securities and become a wholly owned subsidiary of the bank after delisting.
Vijay Chandok is the Managing Director and Chief Executive Officer of ICICI Securities.
As of the quarter ending September, ICICI Bank held 74.79% stake in ICICI Securities.
World Science Day for Peace and Development is observed every year on November 10, 2023. It highlights the important role of science in society and also emphasises the importance and relevance of science in our daily lives. The theme for World Science Day for Peace and Development 2023 is "Building Trust In Science".
In 2001, UNESCO adopted a resolution to establish WSD as an annual event.
International Week of Science and Peace is celebrated annually from November 9 to 15. It was first observed in 1986 as part of the observance of the International Year of Peace. The week was proclaimed by the United Nations General Assembly in 1988 to promote the role of science in the quest for peace and development.
A new island emerged near Japan's Ogasawara island chain after an undersea volcano erupted late last month. Plumes of smoke and ash, reaching over 50 metres in height, were observed every few minutes during the eruptions which continued for about 10 days. The so far unnamed island is 100 metres in diametre and was formed by phreatomagmatic eruptions.
In 2023, Ayurveda Day is being observed on 10th November 2023. The theme is in alignment with theme of India’s G20 Presidency ‘Vasudhaiva Kutumbakam’, and the focal theme for Ayurveda day-2023 has been decided as ‘Ayurveda for One Health’ with Tag line ‘Ayurveda for everyone on every day’ i.e., ‘Har din har kisi ke liye Ayurveda’ focusing on human-animal-plant-environment.
Ministry of Information and Broadcasting has approved a path-breaking Digital Advertisement Policy, 2023 to enable and empower the Central Bureau of Communication, CBC, which is the advertising wing of the Government of India to undertake campaigns in the Digital Media Space. The Policy will enable CBC to empanel agencies & organisations in the OTT and Video on Demand Space
The Central Consumer Protection Authority has imposed penalty of ₹ 5lakh for misleading advertisement and unfair trade practice on Khan Study Group. The decision was taken to safeguard consumer rights across the country. In view of the violation of the Consumer Protection Act, 2019, the CCPA, headed by Chief Commissioner, Smt. Nidhi Khare issued an Order against commerical.
Korean smartphone maker Samsung has launched its set of generative AI model called Samsung Gauss at the company's AI Forum 2023. Developed by Samsung Research, Gauss consists of three tools: a generative AI model called Samsung Gauss Language, a coding assistant called Samsung Gauss Code and an image generator and editor called Samsung Gauss Image.
Australian women's team captain Meg Lanning announced her retirement from international cricket. The 31-year-old top-order batter, dubbed 'Megastar' for her run-scoring prowess, steered Australia to four Twenty20 World Cup titles, a 50-over World Cup triumph and a Commonwealth Games gold medal. She has scored over 8,000 runs in all formats for her nation.
Recently National Geographic conducted a survey, wherein Sikkim in northeast India has made it to the Coolest Places to Visit in the new year 2024. The list comprises 30 destinations from across the globe and Sikkim is the only Indian destination. Sikkim’s is one of only three Asian destinations featured, along with Tainan in Taiwan and Xi-an in China.
The Department of Consumer Affairs has urged manufacturers and sellers of white goods to revise the warranty or guarantee policy to reflect its commencement from the date of installation rather than the date of purchase. White goods typically involve installation by trained technician, and until they are correctly installed on the premises, consumers are unable to use goods