Infosys signs $454 million deal with Danske Bank for digital transformation

Infosys and Danske Bank have entered into a long-term collaboration aimed at accelerating the bank’s digital transformation goals.
The collaboration, valued at $454 million for an initial 5-year period, with the potential for three one-year extensions, is intended to support Danske Bank in achieving its strategic objectives of improving client experiences, operational efficiency, and implementing advanced technologies for a modernized technological environment.
This collaboration is expected to bring speed and scalability to Danske Bank’s digital transformation journey.

Global Competitiveness Index 2023: Denmark, Ireland, and Switzerland Lead the Way

The 2023 Global Competitiveness Index, published by the International Institute for Management Development (IMD), has named Denmark, Ireland, and Switzerland as the top three most competitive economies among 64 nations surveyed.
The report highlights the unique approaches taken by these countries to achieve competitiveness and emphasizes the importance of long-term value creation.
In this article, we will delve into the rankings, key findings, and notable advancements and challenges faced by various countries.

Global Startup Ecosystem Report 2023: Bengaluru Startup Ecosystem Ranks 20th

The recently released Global Startup Ecosystem Report 2023 (GSER 2023) by Startup Genome provides a comprehensive analysis of startup ecosystems worldwide.
With data from millions of startups across various ecosystems, the report offers valuable insights into the global startup landscape.
Bengaluru, known as India’s Silicon Valley, has secured the 20th position on the list, climbing two spots from the previous year.

World Drug Day 2023: Date, Theme, Significance and History

Every year on June 26th, the International Day against Drug Abuse and Illicit Trafficking, also known as World Drug Day, is observed to promote global efforts in eliminating drug abuse.
The focus of this year’s campaign is to increase awareness regarding the significance of treating individuals who engage in drug use with empathy and respect.
This year World Drug Day’s theme is “People first: Stop stigma and discrimination, strengthen prevention”.

United Nations International Day in Support of Victims of Torture: Date and History

The UN International Day in Support of Victims of Torture is observed on June 26th to commemorate the day in 1987 when the UN Convention Against Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment came into force.
This convention is a crucial instrument in the global fight against torture.
The prohibition of torture is considered a part of customary international law, which means that it is legally binding on all countries, regardless of whether they have ratified specific treaties that explicitly prohibit torture.
The official website highlights that the systematic or widespread practice of torture is recognized as a crime against humanity.

World Bank Grants USD 255.5 Million Loan to Enhance Technical Education in India

The World Bank has approved a USD 255.5 million loan to support the enhancement of technical education in government-run institutions across India.
The project aims to improve the quality of education and provide more career opportunities to students.
Over the next five years, approximately 275 selected government-run technical institutions will benefit from this funding, benefiting more than 350,000 students annually.

Assam’s First Underwater Tunnel To Come Up Under Brahmaputra

Assam Chief Minister Himanta Biswa Sarma recently announced the construction of Assam’s first-ever underwater tunnel, connecting Numaligarh and Gohpur.
This groundbreaking project, estimated to cost Rs 6,000 crores, will be the first rail-road tunnel under the Brahmaputra River in northeast India.
The tenders for the project are scheduled to open next month, marking a significant milestone in the region’s transportation infrastructure.

India’s first Omicron-specific mRNA booster vaccine:GEMCOVAC-OM

India’s Department of Biotechnology (DBT) has announced the approval of Pune-based Gennova Biopharmaceuticals for emergency use authorization from the Drugs Controller General of India (DCGI) for its mRNA COVID-19 booster vaccine, GEMCOVAC-OM.
The vaccine, designed specifically against the Omicron variant of SARS-CoV2, has shown promising results in phase 3 clinical trials, indicating its potential to prevent future waves of the pandemic.

The Significance of PM Modi’s Visit to Al-Hakim Mosque in Egypt: Dawoodi Bohra Muslim Community

Indian Prime Minister Narendra Modi’s visit to the Al-Hakim Mosque in Cairo, Egypt holds great significance, particularly for the Dawoodi Muslim community in India.
The mosque, which dates back to the 11th century, is named after Al-Hakim bi-Amr Allah, the 16th Fatimid caliph.
PM Modi’s association with the Dawoodi Bohra Muslim community, known for their contributions in Gujarat, adds to the importance of this visit.
This article explores the historical background of the Al-Hakim Mosque and the Dawoodi Bohra Muslim population in India, shedding light on why this visit is noteworthy.

Q 50. On which date is World Milk Day observed?

World Milk Day is an international day established by the Food and Agriculture Organization (FAO) of the United Nations to recognize the importance of milk as a global food. It has been observed on June 01 each year since 2001.