Union Civil Aviation Minister Jyothiraditya Scindia inaugurated the prestigious Wings India 2024 and Global Aviation Summit at Begumpet Airport in Hyderabad. The Airports Authority of India in collaboration with the Civil Aviation Ministry and FICCI has organised the four-day event.
Theme:Connecting India with the World in Amritkal
India Chess Wizard Rameshbabu Praggnanandhaa defeated World Chess Champion Ding Liren in the Tata Steel Masters in Wijk aan Zee, in the Netherlands. As a result of this victory, Praggnanandhaa became only the second Indian after Vishwanathan Anand to defeat a reigning champion. He also overtook Anand to become India's new number one Chess player in terms of live ratings.
RBI Governor Shaktikanta Das stressed that according to the first advance estimate, released by the National Statistical Office (NSO), India’s economy is expected to grow at 7.3 percent in FY2024. He said this at a chat as part of World Economic Forum (WEF) in Davos, Switzerland. Mr Das said that India’s growth momentum will be maintained in the future years.
Life Insurance Corporation of India (LIC) surpassed State Bank of India (SBI) to become the country's most valued PSU firm by market valuation. The market capitalisation of LIC stood at Rs 5,60,964.05 crore, which is Rs 2,149.47 crore more than SBI's Rs 5,58,814.58 crore valuation. LIC stood at the ninth place in the ranking of top ten most valued firms.
Top 5 in India:Reliance, TCS,HDFC,ICICI and Infosys.
Adani Group will invest Rs 50,000 crore over the next 10 years in setting up a 1 GW data centre in Maharashtra, the apples-to-airport conglomerate. Adani Enterprises Ltd, the flagship company of the group, and the Maharashtra government, signed a memorandum of understanding (MoU) for setting up the 1 GW (gigawatt) hyperscale data infrastructure.
Technology companies continue to be the most valued brands globally, with the top five most valued companies from the technology sector, according to Brand Finance 2024. Samsung has entered the top five most valued brands globally.
Apple secured the first position after falling to the second spot in 2023. Apple's brand value increased by $219 billion to $517 billion.
Google Pay and NPCI International Payments on signed an agreement to expand the scope of Unified Payments Interface payments outside India. It will enable Indian travellers to transact digitally abroad while establishing systems similar to UPI in other countries. The memorandum of understanding (MoU) was signed at a time when India is simplifying cross-border payments.
So far France, Bhutan, Nepal, UAE & Canada have accepted UPI.
Indian Institute of Technology Madras (IIT Madras) has partnered with Altair, a company providing solutions in simulation and high-performance computing and artificial intelligence, to start a laboratory for e-mobility.
The eMobility Simulation Lab at the department of engineering design, IIT Madras, will have the latest tools along with financial support from Altair.
MeitY Secretary S Krishnan launched a Centre of Excellence (CoE) in Intelligent Internet of Things (IIoT) Sensors and India’s first graphene centre - India Innovation Centre for Graphene (IICG) in Kerala. The India Innovation Centre for Graphene (IICG) has also been established at Makers Village Kochi by MeitY and Government of Kerala along with Tata Steel Limited.
Apple Inc.’s iPhone dethroned Samsung Electronics Co. devices to become the best-selling smartphone series over the course of 2023, the first time South Korea’s largest company has lost the top spot since 2010. The iPhone accounted for a fifth of the global market with close to 235 million shipments last year, research firm IDC estimates.
DMI Group, a pan-India financial services platform, said it has acquired the beleaguered ‘buy now pay later’ (BNPL) ZestMoney (Zest) platform. DMI, which has raised over $1.5 billion of equity investment and is supported by global institutional investors and international banks, didn’t reveal the value of the transaction.
Lionel Messi was crowned FIFA's best men's player for 2023, claiming the prestigious award for the third time in a surprising turn of events at the FIFA awards ceremony in London. Messi retained the award by beating Manchester City’s treble-winning Norwegian striker Erling Haaland in a tie-break
France’s Paris Saint-Germain forward Kylian Mbappe finished 3rd.