Bengaluru-based space data company Pixxel inaugurated its first spacecraft manufacturing facility in Bengaluru. The new facility holds significance as it targets to launch six satellites this year and 18 more by 2025, further advancing its mission of building a “health monitor” for the planet. The facility was inaugurated by S. Somanath, chairman of ISRO.
REC Solar Holdings AS, a step-down wholly-owned subsidiary of Reliance Industries Ltd (RIL), has informed that it has, on January 14, 2024, entered into a share purchase agreement with Elkem ASA for the sale of its 100 per cent equity stake in REC Solar Norway AS for an aggregate cash consideration of USD 22 million.
India’s trade deficit in December narrowed to a three-month low of $19.8 billion amid an import slowdown due to falling commodity prices.
Merchandise exports during the month grew 0.97 per cent over a year earlier to $38.45 billion, contrary to the trend of a slowdown so far this financial year showed data by Commerce Ministry.
On January 15, 2022, Prime Minister Narendra Modi announced January 16, the foundation day of Startup India, as National Startup Day. The aim of National Startup Day is to champion entrepreneurs, cultivate a robust startup ecosystem, and pivot India into a nation of job creators rather than job seekers.
Mahindra Group and global institutional investor Ontario Teachers' Pension Plan Board have co-sponsored an infrastructure investment trust (InvIT) holding assets of 1.54 GW in the renewable energy space in India. The offer was subscribed by global and Indian investors, including Asian Infrastructure Investment Bank (AIIB).
As many as 248.2 million Indians are projected to have come out of multidimensional poverty between 2013-14 and 2022-23, according to the latest NITI Aayog discussion paper titled ‘Multidimensional Poverty in India since 2005-06’.
India tops the charts in terms of trust in businesses and NGOs, but it is fourth in terms of trust in media and fifth for the government, an annual trust barometer showed. The Edelman Trust Barometer 2024, released here ahead of the World Economic Forum Annual Meeting, put Saudi Arabia on the top for trust shown by their people in the government and China for trust in media
Denmark's King Frederik X acceded to the throne, ushering in a new era after his mother Queen Margrethe abdicated, with more than 100,000 Danes turning out for the unprecedented event. Queen Margrethe, 83, is the first Danish monarch to voluntarily relinquish the throne in nearly 900 years.
Mette Frederiksen is the Prime Minister of Denmark since 2019.
Sudha Kulkarni was forging a career as TELCO’s first woman engineer when she met the serious, idealistic and brilliant Narayana Murthy, and they fell in love. From their courtship to Infosys’s founding years, from their marriage to parenthood – told by Chitra Banerjee Divakaruni in the book An Uncommon Love: The Early Life of Sudha and Narayana Murthy.
The Reserve Bank of India’s (RBI’s) draft norms for self regulatory organisations for the fintech sector (SRO-FT) have proposed that such entities should have a robust IT infrastructure and the ability to deploy technological solutions within a reasonable timeframe.
Deposit-taking housing finance companies (HFCs) will have to maintain 15 per cent liquid assets against public deposits held by them, up from a stipulated 13 per cent.
The Reserve Bank of India (RBI) has proposed enhanced requirements of liquid assets as part of steps to harmonise regulations for housing finance and non-banking financial companies (NBFCs).
The 54th annual meeting of the World Economic Forum has begun today at Davos, Switzerland. The theme of the conference is Rebuilding Trust, emphasizing the focus on exploring the opportunities enabled by the new technologies and their implications on decision-making and global partnership
IndusInd Bank has launched the ‘EazyDiner IndusInd Bank Platinum Credit Card’ in association with EazyDiner. The credit card offers an additional discount of ₹500 while paying through the EazyDiner App via PayEazy for both dining and take-away at select restaurants.
India skipper Rohit Sharma on January 14 became the first player in the history of cricket to play 150 T20 internationals when he featured in the second T20 match against Afghanistan at the Holkar Stadium in Indore. Among the Indians, Virat Kohli is in the second position with 116 T20Is to his name. He is followed by MS Dhoni, who played 98 matches for the Indian team.