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Karnataka releases draft biotechnology and AVGC-XR policy

The Karnataka government has released the draft biotechnology, and Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) policy, at the Bengaluru Tech Summit, aimed at fostering development in the particular sectors and growing the state’s economy.

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ISRO Unveils XPoSat: India’s Pioneering X-Ray Polarimeter Satellite

India is gearing up to launch its inaugural, as announced by the Indian Space Research Organisation (ISRO). The mission aims to delve into the polarisation of intense X-Ray sources.

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Aurobindo Pharma Gets USFDA Nod for HIV Drug

Aurobindo Pharma has received approval from the U.S. health regulator to market a generic medication for the treatment of human immunodeficiency virus infection. The company has received final approval from the U.S. Food and Drug Administration to manufacture and market Darunavir tablets in strengths of 600 mg and 800 mg.

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iVIS partners with ICICI Bank to Boost Security with Advanced E-Surveillance Services

iVIS, a subsidiary of Magellanic Cloud, officially partnered with ICICI Bank for the distribution of cutting-edge e-surveillance services across its branches. This collaboration will see iVIS deploying state-of-the-art AI/ML and IoT technology to deliver services such as real time video monitoring, facial recognition, incident detection and reporting.

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Tech Mahindra, AWS collaborate to propel sports entertainment into the digital future with sports cloud platform

Tech Mahindra announced a strategic collaboration with Amazon Web Services (AWS) recently to develop a cutting-edge sports cloud platform catering to enthusiasts on a global scale. It aims to deliver an all-encompassing digital platform designed for sports organisations.

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India's Power Consumption Grows 8.5% To 119.64 Billion Units In November

The country's power consumption grew nearly 8.5% to 119.64 billion units in November, showing a surge in electricity demand due to festivities and increased economic activities. In the year-ago period, power consumption stood at 110.25 BU, higher than 99.32 billion units recorded in November 2021, according to the government data.

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L&T Technology Services Joins Forces With Nasscom To Boost Gen AI Startups

As a global frontrunner in Artificial Intelligence (AI) and digital engineering, LTTS possesses an array of expertise in creating advanced AI solutions. Its portfolio includes AiKno™ and Chest-rAi™. AiKno™ is an AI-driven platform that expedites the deployment of AI models, facilitating enterprises to seamlessly incorporate AI into their operations.

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Zydus Lifesciences Gets USFDA Nod For Generic Heart Failure Treatment Drug

Zydus Lifesciences Ltd has received final approval from the U.S. health regulator for its generic version of Ivabradine tablets indicated for the treatment of heart failure. The approval by the U.S. Food and Drug Administration (USFDA) is for Ivabradine tablets of strengths 5 mg and 7.5 mg.

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All-India House Price Index Moderates To 3.4% In Q2 FY24: RBI Data

The all-India House Price Index (HPI) moderated to 3.4% in the July-September quarter of 2023-24 from 4.5% in the year-ago period, according to data released by the Reserve Bank of India. The RBI releases HPI-based on transaction-level data received from the registration authorities in 10 major cities.

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Grounded Airline Go First's CEO Kaushik Khona Resigns

Grounded Go First's CEO Kaushik Khona has put in his papers, nearly seven months after the no-frills airline filed for insolvency proceedings. In an e mail to the airline's employees, Khona said that Nov. 30 is his last day at the company.

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Khona had returned to Go First in August 2020 as its CEO.

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International Day For the Abolition of Slavery | 2 Dec

The International Day for the Abolition of Slavery, 2 December, marks the date of the adoption, by the General Assembly, of the United Nations Convention for the Suppression of the Traffic in Persons and of the Exploitation of the Prostitution of Others (resolution 317(IV) of 2 December 1949).

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Highest Ever Coal Dispatch from Captive & Commercial Coal Blocks in November

Coal production from captive/commercial coal mines during November 2023 comes to 11.94 million tonne (MT), with a growth of 37% compared to 8.74 MT during November 2022. At the same time, coal dispatch from Captive/commercial coal mines during November 2023 is 12.92 MT with a growth of 55% compared to 8.36 MT the previous year.

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Raksha Rajya Mantri Shri Ajay Bhatt to attend UN Peacekeeping Ministerial Meeting in Accra, Ghana

Raksha Rajya Mantri Shri Ajay Bhatt will pay an official visit to Accra, Ghana from December 05 to 06, 2023 to attend the United Nations (UN) Peacekeeping Ministerial Meeting. The Department of Peace Operations, UN and the Republic of Ghana are the hosts of the meeting.

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India co-hosts with UAE the Global Green Credit Initiative at COP-28

Prime Minister Narendra Modi together with President Sheikh Mohammed bin Zayed Al Nahyan of UAE, co-hosted the High-level event on ‘Green Credits Programme’ at COP-28, on 1 December 2023 in Dubai.

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In 2022, India accounted for 66% of malaria cases in WHO South-East Asia Region: World Malaria Report

In 2022, India accounted for 66% of malaria cases in the WHO South-East Asia Region noted the new — 2023 World Malaria Report — published by the World Health Organization (WHO).

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Bank lending to pvt corporate rises 14.9 pc in Sep: RBI data

Bank lending to the private corporate sector grew 14.9 per cent in September 2023 from 14.7 per cent a year ago, according to the Reserve Bank data released Friday. Another set of banking data released by the central bank showed the share of term deposits bearing a 6 to 8 per cent interest rate rose to 78.6 per cent in September 2023 against 12.5 per cent in March 2022.

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Hindustan Unilever appoints former revenue secretary Tarun Bajaj as an independent director

Hindustan Unilever Limited (HUL) has announced the appointment of Tarun Bajaj as an Independent Director on its Board, effective December 1, 2023, for a five-year term. Mr. Bajaj, aged 61, brings a wealth of experience, having served in the Indian Administrative Service since 1988, belonging to the Haryana Cadre.

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TCL gets NCLT Kolkata nod for merger with Tata Consumer Products, TCPL Beverages & Foods

Tata Coffee Ltd's merger with Tata Consumer Products and TCPL Beverages & Foods gets NCLT Kolkata's nod, enhancing operational efficiency. Approved on November 10, 2023, the order was received by the company on December 1.

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Tata Power acquires Bikaner-Neemrana Transmission Project

Tata Power has acquired Bikaner-Neemrana Transmission Project through a bidding process. Bikaner-III Neemrana-II Transmission Ltd is a special purpose vehicle (SPV) set up by PFC Consulting, for the project. The company has acquired Bikaner-Neemrana Transmission Project to boost renewable energy evacuation in India.

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