Monday, December 23

National News

Godrej Capital Nirmaan enhances its offering; partners with DBS Bank India, Visa, and Amazon to aid MSME growth
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Godrej Capital Nirmaan enhances its offering; partners with DBS Bank India, Visa, and Amazon to aid MSME growth

Mumbai, December 07, 2023. Over the last decade, significant strides have been made in reducing the credit gap for small businesses in India. However, securing credit is only one of the many challenges faced. It's a long list, but growing sales amidst intense competition, efficient cash flow management, scarcity of skilled manpower, the uphill task of an ever-changing technology landscape, and grappling with legal and compliance norms due to limited resources and know-how are right up there along with timely credit at good terms. Amidst this backdrop, the Godrej Group, with a rich history of over 125 years in Indian business, stands poised to tackle these challenges. Rooted in the ethos of 'nation-building' and fortified by the trust of Indian consumers in the brand Godrej, Godrej Ca...
MSDE pledges ‘Ab Koi Bahana Nahi’ against gender-based violence
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MSDE pledges ‘Ab Koi Bahana Nahi’ against gender-based violence

New Delhi, December 06, 2023. In accordance with ’16 days of activism against gender-based violence’ annual campaign, the Ministry of Skill Development and Entrepreneurship (MSDE) today commenced a two-day capacity building programme for its officials under the sexual harassment of women at workplace act, 2013. The inaugural session was convened in the presence of Shri Atul Kumar Tiwari, Secretary, MSDE, along with other senior officials of the Ministry along with representatives of UN Women. Speaking on the occasion, Shri Atul Kumar Tiwari, Secretary MSDE, expressed that “Capacity building programmes such as the one being conducted today are important in creating awareness forevery official toconduct oneself appropriately at the workplace. It is necessary that a safe a secure env...
DSP Mutual Fund launches first-of-its-kind DSP Nifty Smallcap250 Quality 50 Index Fund
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DSP Mutual Fund launches first-of-its-kind DSP Nifty Smallcap250 Quality 50 Index Fund

Mumbai, December, 2023. DSP Mutual Fund announced the launch of the first-ever ‘Quality-Focused’Smallcap FundDSP Nifty Smallcap250 Quality 50 Index Fund(DSP NSQ50IF),an open-ended scheme tracking Nifty Smallcap250 Quality 50 Index.Out of the 250 stocks in the Nifty Smallcap250 universe, theindex applies exclusion criteria and stock selection criteria to filter out companies and choose 50 stocks that fit the criteria. The quality filters include Return on Equity, Debt to Equity and Earnings Per Share. Hence, the Nifty Smallcap250 Quality 50 Index (Quality Index)has companies that have higher return on equity and lower leverage compared to the Nifty Smallcap250 (broader Index). Investors are recommended to buy DSP NSQ50IFvia the SIP route. 10-Year SIP returns have shown that long-term ...
Imperial Blue Superhit Nights Joins Forces with Harrdy Sandhu for his ‘In My Feelings’ Tour
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Imperial Blue Superhit Nights Joins Forces with Harrdy Sandhu for his ‘In My Feelings’ Tour

New Delhi, December 06, 2023. Renowned singer and performer, Harrdy Sandhu, is set to embark on his first-ever India tour in partnership with Imperial Blue Superhit Nights. The tour promises to be an electrifying celebration of music and culture, spanning across seven incredible cities. Harrdy will be kicking off his tour in Indore on the 9th of December, followed by Mumbai on December 17th, Kolkata on December 24th, Jaipur on December 31st, and Pune on January 20th, 2024. Dates for Bhubaneswar and Gurugram will be announced shortly. Tickets for the tour concert will be available for purchase on Paytm Insider. Imperial Blue Superhit Nights has a remarkable history of curating...
Sonalika Achieves new Landmark with Highest ever overall market share of 16.3% in Nov’23
Automobile News, Business News, Feature, National News

Sonalika Achieves new Landmark with Highest ever overall market share of 16.3% in Nov’23

New Delhi, December 06, 2023. India’s No.1 tractor export brand, Sonalika Tractors truly believes in delivering excellence in farming operations and ensures progress for farmers with its heavy duty tractor portfolio. Developing customised tractors for every soil type, the company has clocked its highest ever 16.3% market share in November’23. Sonalika has also clocked robust November overall sales of 12,891 tractors, which is powered by highest growth of 23%, over 10,464 tractors sold in Nov’22. With this, Sonalika has also beaten industry growth in Nov’23 (est.2%) and surpassed 1 lakh tractor sales mark 7th year in row (FY'18 - FY'24). Favourable conditions such as bullish buying during the festive season, coupled with Sonalika's timely product availability and ideal product mix ena...
Dell Technologies’ India Digital Inclusion Program Outreach Expanded After Equipping 2 Million Citizens with Digital Skills
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Dell Technologies’ India Digital Inclusion Program Outreach Expanded After Equipping 2 Million Citizens with Digital Skills

Bangalore, December 06, 2023. Dell Technologies announced that it has met its target of positively impacting 2 million beneficiaries through the Mobile Solar Community Hubs launched last year in India. These mobile hubs are technology-enabled and equipped with requisite devices, including laptops, television screens for broadcasting messages, solar panels to power devices, 4G internet hotspot facility and self-paced learning content, to help the community access online services. The goal of these mobile hubs is to travel from town to town providing internet and computer technology to local community members. Dell has a global goal of impacting one billion lives by 2030 and is committed to achieving it in a combination of going deep in communities of need, scaling thr...
PM Modi to inaugurate ‘Uttarakhand Global Investors Summit 2023’ in Dehradun on 08th December
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PM Modi to inaugurate ‘Uttarakhand Global Investors Summit 2023’ in Dehradun on 08th December

New Delhi, December 06, 2023. Prime Minister Narendra Modi will inaugurate the 'Uttarakhand Global Investors Summit 2023' in Dehradun on December 8 as the hill state looks to boost investment in the coming years. The 'Uttarakhand Global Investors Summit 2023' is a step towards establishing Uttarakhand as a new investment destination and the theme of the two-day event is 'Peace to Prosperity'.
NCERT does not differentiate between ‘India’ and ‘Bharat’
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NCERT does not differentiate between ‘India’ and ‘Bharat’

New Delhi, December 06, 2023. The National Council of Educational Research and Training (NCERT) does not differentiate between India and Bharat, and duly acknowledges the spirit as enshrined in the Constitution that recognises both, according to the Union Education Ministry. This information was shared by Union Minister of State for Education Annapurna Devi in a written reply to a question asked by CPI(M) member Elamaram Kareem in the Rajya Sabha regarding an NCERT panel's recommendation to replace the country's name "India" with "Bharat" in school textbooks. "Article 1 of the Constitution of India states that 'India', that is Bharat, shall be a Union of States'. India's Constitution recognises both 'India' and 'Bharat' as the official names of the country which can be used interc...
Railways gave Rs 59,837 crore subsidy on passenger tickets in 2019-20: Ashwini Vaishnaw
Feature, National News

Railways gave Rs 59,837 crore subsidy on passenger tickets in 2019-20: Ashwini Vaishnaw

New Delhi, December 06, 2023. The Indian Railways offered a subsidy of Rs 59,837 crore on passenger tickets in 2019-20 and the concession still continues, Railway Minister Ashwini Vaishnaw said in a written reply in the Lok Sabha on Wednesday. Vaishnaw shared the information in response to a question by Congress MP Anto Antony from Kerala regarding restoring pre-Covid concessions for different categories of railway passengers. "The Indian Railways always strives to provide affordable services to all strata of the society and gave a subsidy of Rs 59,837 crore on passenger tickets in 2019-20," the minister said.
Airline industry to record USD 25.7 billion net profit in 2024: IATA
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Airline industry to record USD 25.7 billion net profit in 2024: IATA

New Delhi, December 06, 2023. The airline industry is projected to register a net profit of USD 25.7 billion in 2024 as more normal growth is expected in both passenger and cargo segments, global grouping IATA said on Wednesday. For 2023, the net profit is estimated at USD 23.3 billion, significantly higher than the USD 9.8 billion projected by the International Air Transport Association (IATA) in June this year. IATA has more than 300 airlines as members. The airline industry's operating profit is expected to touch USD 49.3 billion in 2024 from USD 40.7 billion this year.     In 2024, the total revenue is estimated to grow 7.6 per cent to USD 964 billion compared to 2023.
“Gram Manchitra” to encourage the Spatial Planning by the Gram Panchayat
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“Gram Manchitra” to encourage the Spatial Planning by the Gram Panchayat

New Delhi, December 05, 2023. In order to encourage the Spatial Planning by the Gram Panchayat, Ministry of Panchayati Raj had launched the Geographic Information System (GIS) application “Gram Manchitra” (https://grammanchitra.gov.in). This application facilitates and supports Gram Panchayats to perform planning at Gram Panchayat level using geo-spatial technology. It provides a single/ unified Geo Spatial platform to better visualize the various developmental works to be taken up across the different sectors and provide a decision support system for Gram Panchayat Development Plan (GPDP). Further, Ministry has launched mActionSoft, a mobile based solution to help in capturing photos with Geo-Tags (i.e. GPS Coordinates) for the works which have asset as an output. Geo-tagging of the...
NDIAN ARMY IDEA & INNOVATION COMPETITION AND SEMINAR 2023
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NDIAN ARMY IDEA & INNOVATION COMPETITION AND SEMINAR 2023

New Delhi, December 05, 2023. Indian Army held Idea & Innovation Competition and Seminar titled ‘Inno Yodha 2023’ at the Manekshaw Centre, New Delhi on 5th December 2023. The event signifies importance accorded by the Indian Army in embracing modernisation and pursue technological advancement through indigenisation and in-house innovations. The event was aimed at showcasing technological innovations carried out by the users within the organisation.  The event was attended by serving personnel besides eminent personalities from academia and defence industry. During his address to the gathering, General Manoj Pande, Chief of the Army Staff appreciated the creativity and ingenuity of the innovators and exhorted the ‘Thinking Warriors’ in the Indian Army to continue co...
Brahmaputra Valley Film Festival Partners with Amazon Prime Video
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Brahmaputra Valley Film Festival Partners with Amazon Prime Video

Guwahati, December 05, 2023. nviting national level participation from filmmakers across the country, The Brahmaputra Valley Film Festival (BVFF) has partnered with Amazon Prime Video to give the filmmakers an opportunity to present their pitch directly to the leading OTT platform. In an innovative step, BVFF is unveiling an unparalleled opportunity that has the potential to redefine the landscape for independent filmmakers. The festival is introducing an opportunity where participants can submit their pitches directly to Amazon Prime Video. This initiative is designed to empower filmmakers, like never before, providing them with a stage to flourish, elevate the standards of filmmaking, and open doors within the film industry. As the Brahmaputra Valley Film Festival (BVFF), happen...
IBM Debuts Next-Generation Quantum Processor & IBM Quantum System Two,
Feature, National News

IBM Debuts Next-Generation Quantum Processor & IBM Quantum System Two,

Extends Roadmap to Advance Era of Quantum Utility   New Delhi, December 2023. At the annual IBM Quantum Summit in New York, IBM (NYSE: IBM) debuted ‘IBM Quantum Heron,’ the first in a new series of utilityscale quantum processors with an architecture engineered over the past four years to deliver IBM’s highest performance metrics and lowest error rates of any IBM Quantum processor to date.    IBM also unveiled IBM Quantum System Two, the company’s first modular quantum computer and cornerstone of IBM’s quantum-centric supercomputing architecture. The first IBM Quantum System Two, located in Yorktown Heights, New York, has begun operations with three IBM Heron processors and supporting control electronics. With this critical foundation now...
A practical rather than theoretical curriculum for sustainability is the need of the hour QS I-GAUGE India Academic Forum 2023
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A practical rather than theoretical curriculum for sustainability is the need of the hour QS I-GAUGE India Academic Forum 2023

Jaipur, December 05, 2023. “Students already helming sustainability initiatives through better curriculum can aid” was the overwhelming voice at the session during the 1st roundtable discussing "The Green Curriculum:Integrating Sustainability into Education," at QS I-GAUGE organised, India Academic Forum 2023. QS I-GAUGE is India's pioneer independent private-sector initiative dedicated to rating colleges, universities, and schools. With the theme of 'Building resilient, conscientious, and purpose-driven institutions,' the forum also held insightful discussions concerning the contemporary Indian education landscape, which also included discussions on topics, “Role of Academia in Policy Formation” and “Navigating the Transformative AI Revolution.” Ravin Nair, Chief Operating Office...
Tata Motors launches all-new Intra V70 pickup, Intra V20 Gold pickup and Ace HT+
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Tata Motors launches all-new Intra V70 pickup, Intra V20 Gold pickup and Ace HT+

Mumbai, 5th December 2023. Tata Motors, India’s largest commercial vehicle manufacturer, announced the launch of the all-new Intra V70, Intra V20 Gold and Ace HT+, in line with its commitment to make first and last mile transportation more efficient. These new vehicles are engineered to carry higher payloads over longer distances with better economics. Offering best in class features, these vehicles can be used for a variety of applications, delivering higher profits and productivity, both in urban and rural India. Tata Motors also launched improved versions of its popular Intra V50 and Ace Diesel vehicles, reengineered to lower fuel consumption with reduced cost of ownership. With these new launches, Tata Motors offers the widest range of small commercial vehicles and pickups, enabling...
Neeraj Pandey’s ‘Auron Mein Kahan Dum Tha!’ to release on April 26
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Neeraj Pandey’s ‘Auron Mein Kahan Dum Tha!’ to release on April 26

New Delhi, December 05, 2023. Filmmaker Neeraj Pandey's romantic drama "Auron Mein Kahan Dum Tha!", starring Ajay Devgn and Tabu, will hit the theatres on April 26, 2024. The film is billed as a unique musical love story and will span across 20 years, set between 2002 and 2023. Golden Globe winning composer MM Kreem is creating an original soundtrack for the movie.
India to be third largest economy by 2030, opportunity to become global manufacturing hub: S&P
Feature, National News

India to be third largest economy by 2030, opportunity to become global manufacturing hub: S&P

New Delhi, December 05, 2023. S&P Global Ratings on Tuesday said India will be the world's third-largest economy by 2030, but a major test for the country would be to unlock the 'immense opportunity' and become the next big global manufacturing hub. The US-based rating agency expects India to be the fastest growing major economy in the next three years, with GDP growth reaching 7 per cent by 2026, from 6.4 per cent projected expansion in the current fiscal. Indian economy grew 7.2 per cent in 2022-23 fiscal ended March 2023. India's GDP expanded 7.8 per cent and 7.6 per cent in the June and September quarters, respectively.
Driving Diversity: AnywhereJobs, Baton Transport, and NSDC International Collaborate to Fill Europe’s Truck Driver Shortage with Skilled Indian Workforce
Feature, National News

Driving Diversity: AnywhereJobs, Baton Transport, and NSDC International Collaborate to Fill Europe’s Truck Driver Shortage with Skilled Indian Workforce

New Delhi, 04 December 2023. In a groundbreaking partnership, NSDC International (NSDCI), Baton Transport, a European road transport company and Anywhere Jobs are spearheading efforts to tackle the acute shortage of skilled trailer drivers in Europe, by not only mobilizing Indian trailer drivers, but also by empowering Indian women in the trucking industry. Europe faces a substantial shortage of trailer drivers, with demand significantly outpacing the available workforce. Recent statistics reveal an alarming shortage of over 150,000 skilled drivers in the region, highlighting the critical need for innovative solutions.This week, Anywhere Jobs onboarded 30 highly qualified trailer drivers for Baton Transport through a comprehensive hiring drive in Delhi. Baton Transport is joining ...
Ministry of tourism organizes round table conference to leverage the immense potential of India’s tourism ecosystem
Feature, National News

Ministry of tourism organizes round table conference to leverage the immense potential of India’s tourism ecosystem

New Delhi, December 04, 2023. The Ministry of Tourism recently organized a round Table Conference on December 01, 2023, in  New Delhi. The conference aimed to explore and leverage the immense potential of India's Tourism Ecosystem. The roundtable facilitated robust discussions between government authorities and industry leaders, centring on policies and factors crucial for sustainable and resilient development in the travel and tourism sector. A diverse array of delegates from esteemed organizations, including NITI Aayog, UNESCO, UNEP, WTTCII, IUCN, IHMCL, IRCTC, PHD Chamber of Commerce and Industry, FHRAI, and international entities like the Intrepid Group participated in the conference. Ministries/Departments from the Central and State Governments, along with representative...
66 Indian Airports are operating on 100% Green Energy
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66 Indian Airports are operating on 100% Green Energy

New Delhi, December 04,2023. Ministry of Civil Aviation (MoCA) has taken initiatives for working towards Carbon neutrality and achieving net zero carbon emission at airports in the country by way of standardising Carbon Accounting and Reporting framework of Indian Airports. For this purpose, airport operators with scheduled operations have been advised to map the carbon emission at their respective airports and to work towards carbon neutrality & net zero emission in a phased manner. MoCA has also advised developers of the upcoming Greenfield Airports and the respective State Governments to work towards achieving Carbon Neutrality & Net Zero which inter-alia includes use of green energy. With the above efforts of Government of India, Airports like Delhi, Mumbai, Hyderabad...
ONGC to start commercial oil production from KG block in May 2024
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ONGC to start commercial oil production from KG block in May 2024

New Delhi, December 04, 2023. ONGC will in May next year start commercial production of crude oil from its much-delayed flagship deepsea project in Krishna Godavari basin. ONGC's KG basin project, KG-DWN-98/2, is in "challenging geology". Delays have occurred due to multiple challenges and issues in actual project implementation such as subsurface geological issues, shifting of well locations and surface facilities/processing platform, delays and disruption in project supply chain for vendors spread across multiple countries due to Covid-19 pandemic and challenging weather conditions.
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