Vedanta group firm Hindustan Zinc Ltd (HZL) entered into a pact with Bhopal-based VEXL Environ Projects for setting up a pilot project for converting waste products into usable resources. The pact aligns with Hindustan Zinc's waste management strategy of reducing, recycling, reusing and reclaiming.
Hindustan Zinc announced the signing of a "Memorandum of Understanding (MoU) to establish a pilot plant for pioneering sustainable solutions through waste utilisation and wealth creation," HZL said in a statement. This collaboration underscores the company's commitment to a circular economy, where waste becomes a valuable resource.
Anurag Kumar (IPS) has been appointed as Joint Director in the Central Bureau of Investigation (CBI). According to an order issued from the Department of Personnel & Training (DoPT) on April 12, the Appointments Committee of the Cabinet (ACC) has approved the proposal of Department of Personnel and Training (DoPT) for Induction of Kumar, to the post of Joint Director in CBI
he Reserve Bank of India (RBI) has rejected two more applications, including that of Dvara Kshetriya Gramin Financial Services, for setting up small finance banks. Earlier in July 2023, it had rejected three applications. RBI had received about a dozen applications to set up banks under the guidelines for 'on tap' Licensing of Universal Banks and Small Finance Banks (SFBs).
The guidelines for 'on tap' licensing of Universal Banks and SFBs in the private sector were issued on August 1, 2016, and December 5, 2019, respectively. In a statement on Friday, the RBI said the examination of two more applications for setting up a small finance bank has been completed as per the procedure laid down under extant guidelines.
Revolut India on 12 April said that it has received an in-principal authorization from the Reserve Bank of India to issue Prepaid Payment Instruments (PPI) including prepaid cards and prepaid wallets in the country.Revolut, a London-based neobank and financial technology company,has been gearing up for its entry into India, working closely with the RBI over the past 2 years
This approval builds upon the existing licences which Revolut India has successfully obtained from RBI to operate as a Category-II Authorised Money Exchange Dealer (AD II) and to be able to provide multi-currency forex cards and cross-border remittance services.
The on-demand convenience platform unveiled an innovative addition to its app: Swiggy Pawlice. This feature empowers pet parents to report a missing pet directly on the Swiggy app, harnessing the network of Swiggy's delivery partners as compassionate allies in the search efforts.
Pet parents can report their missing pets directly through the Swiggy app, providing all necessary details and pictures. Swiggy's vast network of over 3.5 lakh delivery partners plays a crucial role in this initiative. If a delivery partner spots a missing pet, they simply need to inform a dedicated team at Swiggy, providing details and location.
Six-time world champion boxer M C Mary Kom stepped down as India's chef-de-mission for the upcoming Paris Olympics, saying she is "left with no choice" due to some personal reasons. Indian Olympic Association (IOA) President PT Usha announced that Mary Kom had asked to be relieved from her position in a letter addressed to her.
The IOA had announced her appointment on March 21. The celebrated boxer, who is also a bronze-medallist from the 2012 London Olympics, was to be the logistical in-charge of the country's contingent at the July 26-August 11 Games. Mary Kom has also won gold in the 2010 Asian Games besides being a multiple-time Asian champion.
Karnataka Bank, a renowned private sector bank, has partnered with FISDOM to offer 3-in-1 accounts (savings, demat, and trading) through its mobile banking app, KBL Mobile Plus. This strategic partnership will strengthen the present value proposition by allowing users to invest in equities and mutual funds.
Sekhar Rao, Executive Director, Karnataka Bank
Subramanya S V, CEO & Co-founder, FISDOM
The JCB Prize for Literature, one of the most coveted fiction awards of India, has announced its jury for the 7th edition: writer Jerry Pinto (chair), filmmaker Shaunak Sen, art critic Deepthi Sasidharan, translator Tridip Suhrud, and artist Aqui Thami. Last year’s prize was won by Perumal Murugan’s Fire Bird (Rs 499, Penguin), translated from Tamil by Janani Kannan.
Moody’s Analytics has projected a slight uptick in the Indian economy’s growth for calendar year 2024 to 6.1 per cent from 6 per cent in March this year, lower than the growth clocked in 2023. The rating agency’s arm said that India’s recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures.
The report also said that the Asia-Pacific region is faring relatively well compared to the rest of the world. The report forecast 3.8 per cent growth for the APAC economy in 2024, in contrast to the global economy's 2.5 per cent growth.
The Moody’s report also said that while China and Japan are held back by weak domestic demand, the performance of India and ASEAN economies is flattered by a delayed post-pandemic rebound. The agency said that output in India remains 4 per cent lower than it would have been without the pandemic and its various aftershocks— from supply snags to military conflicts abroad.