Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) signed a Memorandum of Loan Agreement (MoA) with SJVN Thermal Private Ltd (STPL) to finance the 1,320 MW coal-based Buxar Thermal Power Plant (BTPP) in Bihar, even as its project cost increased by at least Rs 1,733 crore in over three years.
R S Dhillon, CMD PFC;
N L Sharma, CMD SJVN;
Vivek Kumar Dewangan, CMD REC.
Union Minister of Petroleum and Natural Gas Hardeep Singh Puri inaugurated Asia's largest Compressed Bio Gas (CBG) plant in Sangrur, Punjab.
The plant has been commissioned with a Foreign Direct Investment (FDI) of Rs 220 crore by Verbio AG, one of Germany's leading Bio-energy companies.
With an annual donation of Rs 1,161 crore, Software giant HCL's founder, Shiv Nadar, has bagged the title of 'India's Most Generous', as per the EdelGive Hurun India Philanthropy List 2022.
Wipro’s Azim Premji slipped to the 2nd spot with an annual donation of Rs 484 crore.
Rohini Nilekani emerged as the most generous woman philanthropist with a donation of Rs 120 crore.
The Competition Commission of India (CCI) approved the proposed Rs 8,900 crore deal wherein two entities will buy stakes in Yes Bank.
CA Basque Investments, part of the Carlyle Group, and Verventa Holdings, an affiliate of funds managed by Advent International are to acquire 10 per cent stake each in the private sector lender.
The Competition Commission of India has found Google guilty of abusing its dominance in the Android mobile device ecosystem, and online search market. The regulator has imposed a penalty of Rs 1,377 crore on the global tech giant and also directed to cease and desist from indulging in anti-competitive behaviour.
CCI is a statutory body within Ministry of Corporate Affairs.
Prime Minister Liz Truss resigned after a brief and chaotic tenure that saw her announce a massive package of unfunded tax cuts before unwinding most of it in the face of a market rout.
Truss, 47, quit after just 44 days in office, and will become the shortest-ruling prime minister in British history.
Every year, India celebrates Police Commemoration Day on October 21 to honour the police personnel who sacrificed their lives while discharging their duties. The day remembers the sacrifices made by the 10 policemen who were martyred during a Chinese firing in 1959.The Police Commemoration Day Parade is held every year since 2012 at the Police Memorial in Chanakyapuri,Delhi
As many as 10 Heads of States, including France President Emmanuel Macron have extended their support to Prime Minister Modi’s a unique initiative, Mission LiFE, a global mass movement to protect and preserve the environment.PM Modi launched Mission Lifestyle for Environment, in the presence of the UN Secretary-General António Guterres, at the Statue of Unity in Gujarat.
The central government will allow all registered micro, small and medium enterprises (MSMEs) to continue to avail non-tax benefits in their respective categories for three years post re-classification, the MSME ministry said Non-tax benefits include benefits of various schemes of the government, including public procurement policy, delayed payments, etc.
Life Insurance Corporation of India(LIC) launched ‘Dhan Varsha', a close-ended single premium plan offering savings and protection. The individual the non-participating plan will be available for sale until the end of the current financial year, and will have a tenure of 10 years or 15 years, LIC said in a statement.
Founded: 1 September 1956
Chairperson: M R Kumar
Headquarters: Mumbai
Karnataka Bank has been awarded the National Digital Transformation Awards — DX 2022 Awards — by Confederation of Indian Industry (CII) for best practice in digital transformation under the BFSI (banking, financial services and insurance) segment. It launched ‘KBL NxT’ in 2021 in a bid to emerge as the ‘digital bank of future’.
Mahabaleshwara MS, MD and CEO of Karnataka Bank.
Uttar Pradesh, Madhya Pradesh, Tamil Nadu bagged top three positions in PMAY-U awards. Gujarat gets 5 ‘Special Category’ awards; J&K adjudged ‘Best performing UT’. Gujarat won special category awards for performance related to Affordable Rental Housing Complexes and 'Convergence with other Missions'. Union Housing and Urban Affairs minister Hardeep Puri presented the award
The 4.8-megawatt facility, which occupies 13,740 sq ft at Mahape, Navi Mumbai, is built and designed with advanced alternative cooling technologies like Direct Contact Liquid Cooling (DCLC) and Liquid Immersion Cooling (LIC).
This is also PhonePe’s first green data centre in India which will help the fintech reduce its carbon emissions and meet sustainability goals.
Penguin Tazuni has been unveiled as the official mascot of next year's FIFA Women's World Cup in Australia and New Zealand.
She is based on the Eudyptula penguin species - or little penguin as they are affectionately known - endemic to the two countries' coastlines to symbolize the unity between the co-hosts.
India stood at 41 position out of 44 countries in 2022 with marginal improvement in its index value compared to 40th position out of 43 countries assessed on the Global Pension Index in 2021, shows the Mercer CFS Global Pension Index survey.
Iceland topped the list, followed by the Netherlands, while Thailand ranked last, according to the survey.
Former Infosys president Ravi Kumar is joining Cognizant as President Americas, said the company in a regulatory filing. He will take on the position from January 16, 2023. Kumar will be reporting directly to Brian Humphries, CEO Cognizant.Cognizant also announced the appointment of Prasad Sankaran who will be heading the software and platform engineering (SPE) services.
Prime minister Narendra Modi unveiled an indigenously built aircraft - the Hindustan Turbo Trainer (HTT-40) - at the 12th DefExpo in Gujarat's Gandhinagar. The HTT-40 is a basic trainer plane designed and developed for the Indian Air Force - as another example of the government's 'aatmanirbhar Bharat' scheme - by Hindustan Aeronautics Limited (HAL).