Hinduja Group’s IndusInd International Holdings (IIHL) on May 10 received the long-awaited Insurance Regulatory and Development Authority of India’s approval for the acquisition of Reliance Capital. The approval is valid for three months and subject to certain “regulatory, statutory, and judicial clearances/compliances”.
The acquisition will include the takeover of Reliance Capital’s insurance arms — wholly-owned subsidiary Reliance General Insurance and 51:49 JV with Nippon Life, Reliance Nippon Life Insurance. The insurance regulator has cleared the transfer of Reliance Capital’s 26 per cent stake in Reliance Nippon Life to Aasia Enterprises.
The International Day of Plant Health (IDPH) is observed on 12 May to raise awareness about the necessity of protecting plant health in order to prevent hunger, reduce poverty, safeguard biodiversity, and promote economic development. The theme of International Day of Plant Health 2024 is 'Plant Health, Safe Trade, Digital Technology.'
The United Nations established the International Day of Plant Health (IDPH) to draw public attention to the necessity of safeguarding plant health in order to prevent hunger, reduce poverty, safeguard biodiversity, and promote economic development. The IDPH resolution was unanimously adopted by the UN General Assembly in March 2022.
International Nurses Day is observed on May 12 every year. This day marks the birth anniversary of Florence Nightingale who laid the foundation of modern nursing. International Nurses Day aims to highlight the importance of nurses in the healthcare sector. The theme for International Nurses Day 2024 is Our Nurses. Our Future. The economic power of care.
Hindustan Shipyard Limited's (HSL) Chairman and Managing Director (C&MD) Cmde Hemant Khatri has been honoured with the esteemed 'PSU Samarpan Award' by Gov Connect at the award ceremony held in New Delhi. 'PSU Samarpan Award' by Gov Connect is an initiative by ilouge Media
Hindustan Shipyard Limited (Hindustan Shipyard), Visakhapatnam was set up in 1941 by Scindia Steam Navigation Company and was later taken over by the Government of India (GOI) in 1952. It became a fully owned Government Company from July 1961.
The Defense Research and Development Organization (DRDO) has collaborated with the Indian Institute of Technology (IIT) Bhubaneswar to set up advanced research and development in AI-driven surveillance and other defense projects. The DRDO has been actively working towards enhancing its technological capabilities in response to evolving global defense dynamics.
DRDO has chosen IIT Bhubaneswar as its academic partner to leverage the institution’s research capabilities in AI and machine learning as it recognizes the immense potential of artificial intelligence (AI) in the case of modern warfare.
The Kharga Corps, under the aegis of the Indian Army's Western Command, has completed Gagan Strike-II, a three-day joint exercise conducted at multiple locations in Punjab to refine processes and validate the employment of attack helicopters in support of mechanised operations in developed terrain.
The exercise, incorporating Apache and ALH-WSI helicopters, unarmed aerial vehicles, and the Army's Special Forces, was aimed at validating and exercising various force multipliers in support of the ground offensive by the Strike Corps, along with live firing by helicopters as demanded by mechanised forces during offensive manoeuvres.
Infosys has announced that it has been certified with ISO 42001:2023, world's first international standard on AI management systems, by TUV India (part of TÜV Nord Group), an independent provider of technical quality and safety services. Infosys is among the first IT services companies globally to have earned the certification.
The ISO 42001:2023 certification provides a roadmap and systematic approach to AI management through risk mitigation and streamlined processes. By adhering to the global standard, Infosys can embed strong AI management practices for clients, internal adoption and product development. The AIMS framework is a part of Infosys Topaz Responsible AI Suite.
The Responsible AI Suite aims to monitor and protect AI models and systems from risks and threats, while enabling businesses to apply AI responsibly. The offerings include a combination of accelerators and solutions designed to drive responsible AI adoption across enterprises.
The Coca-Cola India Foundation, announces its first ever partnership with Hockey India, for the National Women's Hockey League 2024. The 1st Phase of the tournament commenced on 30thApril, and it will conclude on 9thMay 2024, in Ranchi, Jharkhand. The domestic league promises an exhilarating showcase of talent and skill.
The National Women's Hockey League features teams that secured top-eight positions in Pune's recently concluded 14thHockey India Senior Women National Championship 2024. The participating athletes represent various states, including Haryana, Maharashtra, Jharkhand, Madhya Pradesh, Bengal, Mizoram, Manipur, and Odisha.
India has contributed $500,000 to U.N. Counter-Terrorism Trust Fund, underscoring its commitment to support multilateral efforts in the global fight against the scourge of terrorism. Since 2018, India has also been actively supporting programs combating threat. With its current contribution, India's cumulative financial support to the trust fund now stands at $2.55 million
The contribution is a testament to India’s commitment to international cooperation on countering terrorism and continued implementation of the announcement made by External Affairs Minister S. Jaishankar to contribute to the trust fund during the special meeting of the counter-terrorism committee held in New Delhi in October 2022 under India’s presidency of the body.
South Indian Bank has entered into an alliance with Northern Arc Capital. The MOU underscoring the commitment of both institutions to a mutually beneficial partnership. The partnership is aimed at exploring and maximizing business opportunities through combined efforts in the areas of loan origination, underwriting, disbursement, collection and reconciliation processes.
The alliance will focus on co-lending and partnership lending activities, as well as facilitate seamless loan transfers between banks
and originators. e. The partnership will enable the bank to leverage nPOS, Northern Arc’s proprietary technology platform for co-origination, co-lending and pool buyouts & to seamlessly connect with multiple originators for loan orientations.
Renowned Urdu litterateur and academician, Shaikh Abdussalam Abdurrazzaq, famous by his pseudonym Salam Bin Razzaq, passed away. Razzaq won the prestigious Sahitya Akademi Award for Urdu literature for his acclaimed short stories collection, ‘Shikasta Buton Ke Darmiyan’, in 2004. Some of Razzaq’s literary creations include ‘Nangi Dopahar Ka Sipahi’, ‘Muabbir’, and ‘Zindagi.