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SAIL wins eight national awards for communication excellence.

Steel Authority of India Limited (SAIL) has been conferred with eight national awards by the Public Relations Society of India (PRSI).

These PRSI National Awards 2024 were given away at the 46th All India Public Relations Conference held at Raipur during December 20-22, 2024.

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SAIL wins eight national awards for communication excellence.

SAIL was recognized in various categories viz. E-Newsletter for SAIL Track, Corporate Film (English), Best Communication Campaigns (Internal Publics) for SAIL Gaurav Diwas celebration, House Journal (English) for SAIL News, Best PR Programme for Promoting Science & Technology for steel plant technologies, Best Use of Social Media in a Corporate Campaign,

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SAIL wins eight national awards for communication excellence.

for promoting green steel, Corporate Website, as well as Annual Report.

This recognition is a testimony to SAIL's dedication to excellence in communication. All employees of SAIL have appreciated this achievement.

Chairman- Shri Amarendu Prakash.

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Government of India and Asian Development Bank sign $500 million loan to support sustainable infrastructure projects.

The Government of India and the Asian Development Bank (ADB) signed a $500 million loan to support green and sustainable infrastructure projects aligned with the country’s climate commitments on 20th December 2024. The ADB loan, with a sovereign guarantee, will be extended to the India Infrastructure Finance Company Limited (IIFCL).

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Government of India and Asian Development Bank sign $500 million loan to support sustainable infrastructure projects.

The signatories to the Financing Environmentally Sustainable Growth in Infrastructure Project were Ms. Juhi Mukherjee Joint Secretary, Department of Economic Affairs, Ministry of Finance, for the Government of India, and Country Director Mio Oka for ADB.

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Government of India and Asian Development Bank sign $500 million loan to support sustainable infrastructure projects.

The project will build the institutional capacity of IIFCL to integrate green and best practices into the infrastructure projects. A sustainability unit and an environmental sustainability framework and scoring method to assess the sustainability rating of the projects will also be established.

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Renowned filmmaker Shyam Benegal passes away at the age of 90.

Celebrated filmmaker Shyam Benegal, renowned for his significant contributions to Indian cinema, passed away at the age of 90.

His films include "Bhumika", "Junoon", "Mandi", "Suraj Ka Satvaan Ghoda", "Mammo", "Sardari Begum" and "Zubeidaa", most counted as classics in Hindi cinema.

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Renowned filmmaker Shyam Benegal passes away at the age of 90.

Benegal was born in December 1934, in Hyderabad in southern India, and had an early launch in the world of cinema. He earned an economics degree from Hyderabad’s Osmania University and established the Hyderabad Film Society.

His debut film Ankur was a phenomena in Indian parallel cinema.

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Renowned filmmaker Shyam Benegal passes away at the age of 90.

He has won multiple National Awards for movies including, Bhumika: The Role (1977), Junoon (1978), Arohan (1982), Netaji Subhas Chandra Bose: The Forgotten Hero (2004), Manthan (1976), and Well Done Abba (2010).

The film won two National Film Awards in 1977: for best feature film in Hindi and for best screenplay for Tendulkar.

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Jaishankar receives 'Sri Chandrasekarendra Saraswathi' award for leadership.

External Affairs Minister S Jaishankar was awarded the Sri Chandrasekarendra Saraswathi National Eminence Award for Public Leadership by the South Indian Education Society (SIES).

Speaking about the contributions of Maha Periyavar to the international fora, Jaishankar highlighted Periyavar's Maithreem Bhajatham, a musical composition that promotes universal brotherhood and,

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Jaishankar receives 'Sri Chandrasekarendra Saraswathi' award for leadership.

compassion. He also noted that Periyavar had connections across the world and moved on to the theme of our national significance on the global platform.

Jaishankar highlighted the need to gain confidence in our nation's capabilities and not succumb to the voices which state otherwise. He said that is what makes India a timeless reality in the changing world.

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Adani to acquire 85.8% stake in Air Works for Rs 400 cr enterprise value.

Adani Group said it will acquire aviation maintenance, repair, and overhaul (MRO) services firm Air Works for an enterprise value of Rs 400 crore.

Adani Defence Systems & Technologies Ltd (ADSTL) has signed a share purchase agreement to acquire 85.8 percent shareholding in Air Works, India's largest private sector MRO company with the largest pan-India footprint.

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Adani to acquire 85.8% stake in Air Works for Rs 400 cr enterprise value.

With operations spanning 35 cities and a workforce of over 1,300 personnel, Air Works brings extensive expertise in servicing both fixed-wing and rotary-wing aircraft.

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Aditya Birla Capital Becomes First to Integrate Financial Services on ONDC.

Aditya Birla Capital is the first financial services company to integrate lending, insurance, and investments on the Open Network for Digital Commerce (ONDC). ONDC is a government initiative to create an open and interoperable e-commerce network. It allows buyers and sellers to transact across platforms, supporting inclusivity and competition in digital commerce.

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Aditya Birla Capital Becomes First to Integrate Financial Services on ONDC.

By offering all three services, Aditya Birla Capital provides easier access to financial products. As a Wave-1 participant, the company has contributed to building the financial services ecosystem on ONDC. Wave-1 participants are early adopters who help develop the infrastructure for others to join.

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Aditya Birla Capital Becomes First to Integrate Financial Services on ONDC.

Aditya Birla Capital’s personal loans, health insurance, and mutual fund services are available on the ONDC platform through multiple buyer apps, enabling users to access these financial products without downloading extra applications.

ONDC has been creating infrastructure for credit, insurance, and investments.

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Aditya Birla Capital Becomes First to Integrate Financial Services on ONDC.

Aditya Birla Finance took part in the early pilot phase for credit integration. Aditya Birla Health Insurance and Aditya Birla Sun Life AMC contributed to integrating health insurance and mutual fund services. This matches ONDC’s goal of building interoperable networks that link buyers and sellers across apps.

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Aditya Birla Capital Becomes First to Integrate Financial Services on ONDC.

Aditya Birla Capital, part of the $65 billion Aditya Birla Group, offers financial solutions, including loans, investments, insurance, and payments. The company operates across India with more than 1,470 branches, 2,00,000 agents, and over 55,000 employees.

Vishakha Mulye- CEO of Aditya Birla Capital

T. Koshy- CEO of ONDC

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UPI QR transactions jump 33% at retail stores in Bharat this year: Report.

UPI transactions at retail stores have increased by 33 percent in semi-urban and rural areas this year, reflecting the growing adoption of digital payments, says a report.

Moreover, insurance policy purchases and premium collections saw a 127 percent increase in transaction volume and,

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UPI QR transactions jump 33% at retail stores in Bharat this year: Report.

a 96 per cent growth in new customer adoption during the year, the report by branchless banking and digital network PayNearby said.

The data highlights the role digital retail stores play in overcoming the challenges of insurance penetration across Bharat.

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UPI QR transactions jump 33% at retail stores in Bharat this year: Report.

The report is based on an analysis of real transaction data derived from over 10,00,000 small retailers (kirana stores, mobile recharge stores etc) offering financial and digital services spread across India in rural and semi-urban regions.

The findings compare business data from January to November 2024 with the same period in 2023.

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UPI QR transactions jump 33% at retail stores in Bharat this year: Report.

The report, Retail-O-Nomics, stated that there has been an impressive 297 per cent volume rise across credit products, including business loans, gold loans, personal loans, and revolving credit in rural and semi-urban areas.

This significant uptick reflects a growing awareness and demand for credit solutions at the grassroots level, it said.

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UPI QR transactions jump 33% at retail stores in Bharat this year: Report.

However, micro ATM and Aadhaar Enabled Payment Systems (AePS) cash withdrawals saw a decline in 2024.

However, micro ATM and Aadhaar Enabled Payment Systems (AePS) cash withdrawals saw a decline in 2024.

AePS withdrawals surged by 35-45 per cent during DBT releases, particularly under schemes like PM Kisan Yojana, compared to the rest of the year.

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Claims ratio of non-life insurers dips to 82.52% in FY24: Irdai report.

Net incurred claims to net earned premium (claims ratio) of non-life insurance industry stood at 82.52 percent during 2023-24 as against 82.95 percent in the preceding fiscal year, as per the Irdai's annual report. According to the Annual Report 2023-24 of the Insurance Regulatory and Development Authority of India (Irdai), during 2023-24,

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Claims ratio of non-life insurers dips to 82.52% in FY24: Irdai report.

the non-life insurance industry underwrote a total direct premium of Rs 2.90 lakh crore in India registering a growth of 12.76 per cent from previous year.

The contribution of public sector general insurers increased 8.88 per cent from Rs 82,891 crore in 2022-23 to Rs 90,252 crore in 2023-24.

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Claims ratio of non-life insurers dips to 82.52% in FY24: Irdai report.

Private sector insurers, including standalone health insurers, have underwritten Rs 1.88 lakh crore as against Rs 1.58 lakh crore in 2022-23.

The aggregate profit of the non-life insurance sector was Rs 10,119 crore as against a net loss of Rs 2,566 crore in 2022-23.

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Claims ratio of non-life insurers dips to 82.52% in FY24: Irdai report.

During 2023-24, the aggregate net incurred claims saw a 15.39 per cent increase to Rs 1.72 lakh crore from Rs 1.49 lakh crore.

The incurred claims ratio for public sector insurers was 97.23 per cent for 2023-24 as against the previous year's incurred claims ratio of 99.02 per cent.

The incurred claims ratio for private sector general insurers, standalone health insurers and

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Claims ratio of non-life insurers dips to 82.52% in FY24: Irdai report.

specialised insurers were at 76.49 per cent, 63.63 per cent, and 66.58 per cent, respectively, for 2023-24 as compared to the previous year's ratio of 75.13 per cent, 61.44 per cent and 73.71 per cent, respectively.

The report also said that the life insurance industry paid total benefits of Rs 5.77 lakh crore in 2023-24, constituting 70.22 per cent of the net premium.

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Claims ratio of non-life insurers dips to 82.52% in FY24: Irdai report.

During 2023-24, a total of 18 life insurance companies reported profits. Profits of the life insurance industry grew 10.79 per cent in 2023-24 with profit after tax (PAT) of Rs 47,407 crore as against Rs 42,788 crore in 2022-23.

Irdai said in 2023-24, the country's insurance penetration was at 3.7 per cent as compared to 4 per cent in 2022-23.

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Donald Trump Appoints Indian-American, Elon Musk Aide As AI Advisor.

US President-elect Donald Trump named Indian American entrepreneur, venture capitalist and author Sriram Krishnan as Senior White House Policy Advisor on Artificial Intelligence.

Krishnan, who has previously led product teams at Microsoft, Twitter, Yahoo!, Facebook and Snap, will work along with David O. Sacks who will be the White House AI & Crypto Czar.

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Donald Trump Appoints Indian-American, Elon Musk Aide As AI Advisor.

Krishnan's educational journey began at SRM Valliammai Engineering College in Kattankulathur, Kanchipuram, Tamil Nadu. He started his career at Microsoft, where he contributed significantly to the development of Windows Azure, working on its APIs and services. He also authored the book Programming Windows Azure for O’Reilly.

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India, Kuwait elevate ties to strategic partnership; Sign defence MoU.

With an eye on mutual benefits, India and Kuwait have agreed to elevate their collaboration to a “Strategic Partnership,” reflecting their desire to expand cooperation in diverse fields, ranging from trade and energy to defence and technology. As Kuwait assumes the presidency of the Gulf Cooperation Council (GCC) in 2024,

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India, Kuwait elevate ties to strategic partnership; Sign defence MoU.

both countries are seeking to build a forward-looking framework for deeper engagement, with key initiatives focused on the Free Trade Agreement (FTA), energy security, and sustainable development.

The two leaders discussed a roadmap for strengthening partnership in various areas, including trade, energy, defence, security, culture and people-to-people ties.

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India, Kuwait elevate ties to strategic partnership; Sign defence MoU.

Kuwait bestowed its highest honour, the ‘Order of Mubarak Al Kabeer’, on PM Narendra Modi.

The award was conferred on the PM by the Emir of Kuwait, Sheikh Meshal Al-Sabah

Modi dedicated the award to the long-standing friendship between the two countries, to the Indian community in Kuwait and to the over 1.4 billion people of India.

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India, Kuwait elevate ties to strategic partnership; Sign defence MoU.

The award was instituted in 1974 and has since been conferred on select global leaders, including King Charles of Britain & former US Presidents Bill Clinton and George Bush.

They witnessed the signing of an MoU on defence that institutionalises cooperation in training, joint exercises, defence industry, supply of equipment and collaboration in research and development.

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