Paytm Payment Services Limited (PPSL) entered into a memorandum of understanding (MoU) with Arunachal Pradesh Innovation and Investment Park (APIIP) to establish a thriving startup ecosystem for the youth in the northeastern state.
The partnership aims to nurture entrepreneurship and encourage young business ventures during their early stages of development.
The International Day of Women in Diplomacy (IDWID) is observed annually on June 24 to honor and recognize remarkable women in the fields of diplomacy and decision-making across the globe.
Diana Abgar, an Armenian ambassador, is credited as the first female diplomat of the 20th century.
The theme for this year’s International Day of Women in Diplomacy (IDWID) Inaugural Forum, organized by the Royal Academy of Science International Trust (RASIT), is “Breaking Barriers, Shaping the Future: Women in Diplomacy for Sustainable Development.”
On June 21, 2023, the Indian Naval Hydrographic Department celebrated World Hydrography Day (WHD).
The National Hydrographic Office (NHO) in Dehradun organized a range of activities to commemorate WHD.
These initiatives were designed to increase understanding and recognition of the vital role played by hydrography in ensuring secure navigation, fostering sustainable marine development, and supporting the Indian government’s Blue Economy objectives, which include safeguarding our oceans and coastal regions.
The Day of the Seafarer is a special day dedicated to all those who work closely with salt water, including Coast Guards, Navies, fishermen, marine biologists, and cruise ship captains.
It commemorates the first recorded sea voyage around 3200 BCE, which was sponsored by the Egyptian Pharaoh Snefru, known for building several pyramids.
This annual event, observed on June 25th, aims to acknowledge the crucial role played by seafarers in international trade, the global economy, and society as a whole.
Furthermore, it emphasizes their significant efforts in safeguarding the marine environment.
According to the Economist Intelligence Unit (EIU)’s Global Liveability Index 2023 report, Vienna, Austria has once again claimed the top spot as the best city to live in worldwide.
The report attributes Vienna’s success to its exceptional combination of stability, rich culture and entertainment, reliable infrastructure, exemplary education, and health services. The city has consistently held this position in recent years, with the only interruption being caused by the Covid-19 pandemic.
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 2.5 crore on Jammu & Kashmir Bank for non-compliance with certain directions issued by the RBI.
The penalty relates to the bank’s failure to adhere to RBI’s guidelines on the central repository of large common exposures across banks, loans, and advances, as well as statutory and other restrictions.
Additionally, the bank did not ensure the timely implementation and strengthening of SWIFT-related operational controls.
The RBI’s statutory inspection conducted on March 31, 2021, revealed non-compliance with these directions.
IT services giant Tata Consultancy Services (TCS) has announced a significant expansion of its partnership with the UK’s National Employment Savings Trust (NEST), the country’s largest workplace pension scheme.
The £840 million ($1.1 billion) deal aims to digitally transform NEST’s administration services over an initial tenure of 10 years, providing enhanced member experiences.
If extended to the full 18-year tenure, the contract’s total maximum estimated value will reach £1.5 billion ($1.9 billion).
NTPC Ltd., India’s largest power generator, has been recognized by Team Marksmen as the “Most Preferred Workplace of 2023-24.”
This esteemed award acknowledges NTPC’s outstanding performance in several key areas, highlighting the organization’s commitment to organizational purpose, employee centricity, growth, recognition and rewards, intrapreneurial culture, work-life balance, diversity, equality and inclusion, safety, and trust.
Larsen & Toubro (L&T) and the Defence Research and Development Organisation (DRDO) have formed a partnership to create an Indigenous Air Independent Propulsion (AIP) System for the submarines in the Indian Navy.
Under this collaboration, two AIP System Modules are being developed for the Kalvari Class submarines.
These modules, comprising fuel cell-based Energy Modules (EMs), aim to generate power and produce hydrogen as needed.
This innovative approach eliminates the requirement to store hydrogen onboard, thereby addressing safety issues associated with carrying hydrogen on submarines.
Telangana Chief Minister K Chandrashekhar Rao recently inaugurated the Medha Rail Coach Factory, the largest private coach factory in India, located in Kondakal, Shankarpally mandal of Rangareddy district.
During the inauguration ceremony, CM KCR assured complete support to Medha Servo Group for its expansion in Telangana, expressing confidence that it would generate significant employment opportunities for the local youth.