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The Competition Commission of India has proposed certain definite thresholds for mergers as part of the larger regulatory ambit, in line with the amendments to the Competition Act earlier this year September 5 floated a consultation paper proposing the CCI (Combinations) Regulations, 2023. The proposed code would replace the existing regulations, initially formulated in 2011. It would also follow up on the amendments introduced to the Competition Act by the Parliament earlier this year. Comments to the proposed regulations are invited until September 25. In April this year, the Competition (Amendment) Act, 2023 was enforced following its passage by both Houses of the Parliament. As enumerated when it was first introduced in August 2022 it had taken cognisance of “significant growth of Indian markets Image for representational purposes The story so far: Striving to further consolidate regulations pertaining to mergers, particularly those relating to the digital ecosystem, the Competition Commission of India (CCI) on September 5 floated a consultation paper proposing the CCI (Combinations) Regulations, 2023. The proposed code would replace the existing regulations, initially formulated in 2011. It would also follow up on the amendments introduced to the Competition Act by the Parliament earlier this year. Comments to the proposed regulations are invited until September 25. In April this year, the Competition (Amendment) Act, 2023 was enforced following its passage by both Houses of the Parliament. As enumerated when it was first introduced in August 2022, it had taken cognisance of “significant growth of Indian markets and a paradigm shift in the way businesses operate in the last decade.” Thus, the act, also relying on the “experience gained out of functioning of the Commission,” sought to introduce more regulatory certainty and an overall trust-based environment. Among other things, the amendment introduced a new notification criterion, that is, a deal value threshold of Rs. 2,000 crore, besides requiring that the enterprise being acquired, merged or being amalgamated should have substantial business operations in India Standing Committee on Finance assigned the task of examining the bill when it was first introduce Taking note of the definition initially accorded to value of transactions, it highlighted that uncertainty about thresholds could potentially bring transactions likely to cause “adverse effects on competition under the merger control mechanism.”
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Juspay, India's leading payments company, has partnered with Yes Bank to launch HyperUPI, NPCI's plug-in SDK that enables in-app UPI payments in merchant apps.
Indian private sector bank Yes Bank has partnered with Bengaluru-based fintech startup Juspay to launch HyperUPI, a plug-in service developed by the National Payments Corporation of India (NPCI) that empowers in-app UPI payments for merchant apps. With this, The merchants can now offer customers a hassle-free one-click UPI experience using Android and iOS-based smartphones without switching to an external UPI-based app. Unlike the traditional UPI payment method, which requires several steps and redirects to external UPI apps, potentially causing customers to abandon the transaction midway, HyperUPI simplifies the process to a one-click transaction within the merchant’s app, improving the speed and success rate of transactions to over 90%.
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Mastercard, the global financial services corporation, has made a significant appointment in its Indian operations by naming Rajnish Kumar as the Chairman of Mastercard India.
Mastercard India on Thursday announced the appointment of former SBI head Rajnish Kumar as its non-executive chairman. In this critical, non-executive advisory role, Kumar will guide Mastercard's South Asia executive leadership team led by Gautam Aggarwal, Division President for South Asia & Country Corporate Officer, India, in navigating the vibrant domestic payments landscape, Mastercard India said in a statement. Kumar has nearly four decades of service with the largest lender in the country and has held a wide range of leadership roles at SBI and its subsidiaries across India, United Kingdom and Canada.
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The Ministry of Corporate Affairs (MCA) has extended the tenure of the Company Law Committee (CLC) by another one year till September 16, 2024. The CLC was set up in September 2019 to examine and recommend on various.
The government has extended the tenure of the Company Law Committee by one year. The tenure of the panel, set up by the Corporate Affairs Ministry in September 2019, was extended last year. The committee has the mandate for examining and making recommendations to the government on various issues related to the implementation of the Companies Act and the Limited Liability Partnership Act. "The tenure of the company law committee is hereby further extended by one year i.e till September 16, 2024," the corporate affairs ministry said in a statement on Wednesday.
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‘Save The Children’ loses its FCRA permit In 2022, the NGO had come under the government’s radar for a fundraising campaign on malnutrition; the Centre said that the issue was being “vigorously pursued” through its schemes
The Ministry of Home Affairs (MHA) has withdrawn the permit under the Foreign Contribution Regulation Act (FCRA) for U.K.-based NGO Save The Children’s Indian offshoot, Bal Raksha Bharat. Save The Children is a leading child rights organisation that focuses on health, education, hunger and vulnerable children in conflicts. It is present in 116 countries. In India since 2008, Bal Raksha Bharat is spread across 16 States. Last year, it had come under the government’s radar for a fundraising campaign on malnutrition, which was objected to by the Ministry of Women and Child Development on the ground that the issue was being “vigorously pursued” by the government through its schemes.
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Skill India Digital is at the intersection of two of the most important components of PM Shri Narendra Modi’s vision for New India - Skill India & Digital India - MoS Rajeev Chandrasekhar
Shri Dharmendra Pradhan, Union Minister for Education and Skill Development and Entrepreneurship today launched Skill India Digital a comprehensive digital platform aimed at synergizing and transforming the skills, education, employment, and entrepreneurship landscape of India. Driven by the vision to make skill development more innovative, accessible, and personalized in its embodiment, focusing on digital technology and Industry 4.0 skills, the state-of the- art platform will be a breakthrough in accelerating skilled talent hiring, facilitating lifelong learning and career advancement.
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National Engineers' Day in India is celebrated every year on September 15 to commemorate the birth anniversary of Sir Mokshagundam Visvesvaraya.
National Engineers' Day is dedicated to celebrating the extraordinary contributions of engineers to society, recognising their spirit of innovation and highlighting the crucial role they play in influencing the world. This day is significant as it commemorates the birth anniversary of Mokshagundam Visvesvaraya, one of India's greatest engineers and visionaries. A nation's growth depends on its engineers as they are at the forefront of innovation, problem-solving and technological advancement. The day encourages the younger generation to consider engineering as a career choice and serves as a reminder of the value of engineering in our daily lives. Keep on reading to know more about this day.
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IndusInd Bank has launched Next Credit Card – the first interactive credit card in India with buttons – which offers customers the flexibility of three payment options at a single point of sale terminal – credit, converting transactions into EMIs with 4 t
IndusInd Bank has introduced an innovative financial solution, the ‘Virtual Commercial Credit Card,’ precisely tailored to meet the unique demands of corporate entities and the travel industry, which frequently engage in numerous transactions involving various foreign currencies. IndusInd Bank stated, “Launched under the name ‘Virtual Commercial Credit Card,’ this offering is specifically designed to cater to the distinct needs of corporate and travel industry clients. With the Virtual Commercial Cards, these business users can create virtual cards or credentials denominated in foreign currencies, thereby safeguarding the primary card number and ensuring the utmost transaction security.
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India's FY24 growth forecast has been retained at 6.3 per cent by Fitch Ratings, citing economic resilience despite tighter monetary policy and exports weakness.
India's growth forecast for this fiscal has been retained at 6.3 per cent by Fitch Ratings, citing economic resilience despite tighter monetary policy and exports weakness. The projection for the next fiscal is 6.5 per cent. The year-end inflation projection was raised based on El Nino threat. "Nevertheless, the threat of El Niño means that inflation could exceed our forecasts, although the impact on consumers and the economy is likely to be temporary," Fitch said. It expects 2023-end retail inflation at 5.5 per cent, higher than its previous forecast of 5 per cent. High-frequency indicators suggest that the pace of growth in the July-September quarter is likely to moderate, Fitch noted in its September update of the Global Economic Outlook.
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Moldova’s first president, Mircea Snegur, has died at the age of 83, former Moldovan vice-premier Constantin Tampiza.
A former communist turned pro-western liberal, Snegur declared independence from Moscow on August 27, 1991, during the breakup of the then Soviet Union. “I learned with deep sadness that Mircea Snegur, the first President of the Republic of Moldova, died this night,” President Maia Sandu wrote on Facebook. Mr. Snegur lived in historic times and played an essential role in promoting the independence, freedom and sovereignty of the Republic of Moldova,” she added. Sandu said the day of the funeral of Snegur, who was president from 1990 to 1996, would be declared a day of national mourning.
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NPCI Reinforces its Commitment to Revolutionize India's Digital and Financial Landscape at the Global Fintech Fest 2023
The National Payments Corporation of India (NPCI) launched an array of new products and struck a slew of fintech partnerships on the sidelines of the recently concluded Global Fintech Fest 2023. Encompassing the electric vehicle (EV) and digital payments domains, the NPCI has partnered with the Indian Highway Management Company Limited (IHMCL) to launch EV charging payments on the National Electronic Toll Collection (NETC) FASTag platform. The move will enable electric vehicle owners to access EV charging facilities on the lines of how they make contactless toll payments on the highways.
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Prime Minister Narendra Modi and Saudi Arabia's Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud during signing of minutes of the first meeting of India-Saudi Arabia Strategic Partnership Council at the Hyderabad House
Saudi Arabia’s Crown Prince Mohammed bin Salman Al Saud and Prime Minister Narendra Modi held extensive talks on Monday, agreeing to expand trade and security ties. The leaders also co-chaired the first summit-level meeting of the India-Saudi Arabia Strategic Partnership Council (SPC). This comes after the G20 summit in New Delhi saw the announcement of a vastly significant India–Middle East–Europe Economic Corridor (IMEC). The Saudi Crown Prince and Prime Minister of the country, popularly known as MBS, is on a daylong State Visit to India post the G20 Summit.
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Bharat has now become authority for issuing internationally accepted OIML certificate for selling weights & measures anywhere in the world.
OIML is an Intergovernmental organization which was established in 1955. Bharat became it’s member in 1956. It has 63 Member States and 64 Corresponding Members. Bharat has now become authority for issuing internationally accepted OIML certificate for selling weights & measures anywhere in the world. To sell a weight or measure in the International market an OIML Pattern Approval certificate is mandatory, which Department of Consumer Affairs can issue now. Bharat follows OIML recommendations and procedures of testing and calibration of weights and measures. The reports prepared by the Legal Metrology’s Regional Reference Standards Laboratories are now acceptable to the OIML issuing authorities. Now, Bharat is an authority for issue of OIML pattern approval certificates and can act as support system for indigenous manufacturers.
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September 15 is celebrated as International Day of Democracy after being established in 2007 through a resolution passed by the United Nations General Assembly (UNGA).
Democracy, from the two Greek words - ‘demos’ that means a citizen of a city-state and ‘kratos’ that means 'power' or 'rule' form of government, is a core value of the United Nations where respect for human rights and fundamental freedoms and the principle of holding periodic and genuine elections by universal suffrage are some of the essential elements of democracy. It refers to a system where the citizens of a country have the state power to elect their leaders and exercise their right to participate in decision-making processes that affect their lives so, to promote and uphold these principles of democracy worldwide, the United Nations General Assembly established International Day of Democracy in 2007.
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Haryana chief minister Manohar Lal Khattar launched a new e-Bhoomi portal that promises to further ease the process of purchasing land for the development of government projects with the consent of landowners.
The government aims at purchasing land in a transparent manner with the consent of the landowners, said Haryana CM Khattar, addressing a press conference here. He said the offer of land on the new portal would be valid for six months. Farmers can offer their land independently or through listed aggregators. A minimum offer of 10 acres has been made mandatory for voluntary offers made by aggregators. Haryana chief minister Manohar Lal Khattar launched a new e-Bhoomi portal that promises to further ease the process of purchasing land for the development of government projects with the consent of landowners.
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Transport and road safety expert N. S. Srinivasan no more, His contribution for improving the traffic and transport systems in Delhi earned for him the name as the man who brought order to Delhi’s roads
Born in Nallur to N. Somasundaram, a Congressman, Mr. SrinN. S. Srinivasan, a respected and well-known expert in roads, road research, road transport and road safety circles died at his Warren Road residence in the city early on Tuesday. He was the founder director of National Transportation Planning and Research Centre, Thiruvananthapuram. He was 89 and is survived by two daughters and a grandson. ivasan did his Bachelor of Engineering in Civil and Highway Engineering from Madras University and obtained his Ph.D. from Technische Hochschule, Braunschweig. He served as Head of Traffic and Transportation Division of the Central Road Research Institute, New Delhi for 13 years when he researched many traffic and transportation problems.
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Hindi is one of the 22 scheduled languages of the country. Hindi Diwas is celebrated on September 14 every year.
Hindi Diwas is celebrated on September 14 every year to commemorate the adoption of Hindi as the official language of India by the Constituent Assembly of India on this day in 1949. Pandit Jawaharlal Nehru, the first prime minister of India, officially declared 14 September as the Hindi Diwas. Hindi is majorly spoken in states like Uttar Pradesh, Himachal Pradesh, Uttarakhand, Haryana, Bihar, Jharkhand, Madhya Pradesh, Rajasthan, Chhattisgarh, Maharashtra, and Punjab, and also in some countries like Mauritius, Nepal, Fuji, Suriname, Guyana, Trinidad and Tobago. Hindi, which is written in the Devanagri script, is one of the 22 scheduled languages of the country. Hindi is one of the official languages of the Union Government, with the other being English.
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Odisha Govt signs MoU with six public sector banks to provide banking services in unbanked gram panchayats.
The Odisha government on Wednesday roped in six public sector banks for providing banking services in unbanked gram panchayats of the state through customer service point (CSP) plus banking outlets. The banks are State Bank of India (SBI), Punjab National Bank (PNB), Union Bank of India (UBI), UCO Bank, Bank of India (BoI) and Bank of Baroda (BoB). Odisha is the first state in the country to adopt such exemplary model for providing banking services to all panchayats. Though financial inclusion is a high priority agenda of the government, it continues to be a critical challenge since banking penetration in the state is quite low and not uniform across districts.
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Assam Governor Gulab Chand Kataria unveiled ‘Sarpanch Samvaad’ , a mobile application app of Quality Council of India (QCI) in Raj Bhavan.
QCI launched the Sarpanch Samvaad is an initiative aimed at connecting approximately 2.5 lakh Sarpanchs across India, which serves as a holistic platform for networking, knowledge dissemination, and collaboration. Through this initiative, Sarpanchs can spotlight developmental activities in their villages, learn about best practices, and foster connections nationwide.The Governor said, "I am delighted to see the app which is a great initiative for the Sarpanchs. It brings me immense joy to see the focus on empowering our grassroots leaders". The Governor also said that the Sarpanch Samvaad initiative will also propel the villages of India to the forefront of its growth trajectory and realize Prime Minister Narendra Modi's dream of making India, a developed nation by 2047.
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Union Cabinet meets amid buzz over Women’s Reservation Bill Union Minister deletes post after congratulating PM Modi; several Congress leaders also took to social media platforms to welcome the Bill and claimed credit for it.
Prime Minister Narendra Modi chaired a meeting of the Union Cabinet in New Delhi on September 18 evening after the first sitting of the special session of Parliament amid speculation that the Women’s Reservation Bill was to be tabled in Parliament during the ongoing session, which will be held in the new building of Parliament from September 19. The meeting of the Union Cabinet lasted over 90 minutes and there was no formal briefing or release. The meeting, chaired by Prime Minister Narendra Modi, was attended by Union ministers including Rajnath Singh, Amit Shah, Piyush Goyal, Pralhad Joshi, S Jaishankar, Nirmala Sitharaman, Dharmendra Pradhan, Nitin Gadkari and Arjun Ram Meghwal.
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Special Campaign 2.0 was undertaken from November 2022 to August 2023 with the aim to ensure timely and effective disposal of public grievance, references from Members of Parliament, State Governments, Inter-Ministerial Consultations and Parliamentary Ass
Special Campaign 2.0 for disposal of pending matters and Swachhta was undertaken by the NITI Aayog and its attached offices Development Monitoring & Evaluation Office (DMEO), Atal Innovation Mission (AIM) located in NITI Bhawan and its autonomous institution viz. National Institute of Labour Economics Research and Development (NILERD) situated in Narela, New Delhi. The focus of the campaign was to ensure timely and effective disposal of Public Grievances references from Members of Parliament, State Governments, Inter-Ministerial Consultations and Parliamentary Assurances by Ministries / Departments. The Swacch Bharat Abhiyan “Special Campaign 2.0” aims at Record Management, Cleanliness (Indoor and Outdoor) and Office Scrap disposal, freeing of space is also being carried out in NITI Aayog.
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The Indian Institute of Technology Kanpur. September 120 signed a memorandum of understanding with private lender ICICI Bank to support the startup ecosystem in the institute.
The premier technological institution said that this partnership will empower startups and innovators at its Startup Incubation and Innovation Centre (SIIC). SIIC is one of the oldest incubators in the country having been engulfed on its journey in 2000. The partnership between the two will also focus on supporting incubatees by improving their understanding of foreign trade policies by conducting several workshops and seminars.The collaborative efforts will particularly focus on assisting incubatees in enhancing their understanding of foreign trade policies.
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Max Life Insurance, a private life insurer, has ventured into the health and wellness segment with the launch of a new plan, SEWA.
The Secure Earnings & Wellness Advantage (SEWA) plan covers hospitalisation, ICU stay, surgeries, critical illness, and disability, besides life cover. To drive insurance adoption among women and transgender customers, as part of financial inclusion, it offers them a 5 per cent discount in the first-year premium.Prashant Tripathy, Managing Director and CEO, Max Life, said, “SEWA is a unique product that combines the benefit of health, security and financial stability. A product of innovation based on deep consumer insights, SEWA is a testament to Max Life’s dedication to contribute towards a healthier, financially secure India.”
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Banks will need to reclassify their investments from the effective date and disclose in the financial statements for FY24, says RBI
In a recent move, the Reserve Bank of India (RBI) has issued updated directions for banks regarding the classification, valuation, and operation of their investment portfolios. The revised directions are based on the feedback received on the discussion paper on the subject, which was issued in January 2022. The guidelines, aimed at ensuring transparency and stability in the banking sector, introduce a framework for banks to categorise their investments and specify how they should be valued and managed. The revised directions include principle-based classification of investment portfolio, tightening of regulations around transfers to/from held to maturity (HTM) category and sales out of HTM, inclusion of non-SLR securities in HTM subject to fulfilment of certain conditions and symmetric recognition of gains and losses.
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Tata Power Solar Systems Limited, one of India’s largest integrated solar companies and a wholly owned subsidiary of Tata Power Renewable Energy Limited , signed a MoU with SIDBI to offer an easy financing option for MSMEs.
Tata Power Renewable Energy Limited is a subsidiary of The Tata Power Company Limited , India’s largest integrated power utility. MSMEs that are willing to opt for Rooftop Solar PV Plant or associated services from Tata Power or its authorised Channel Partners across India will be financially supported by SIDBI under the scheme. Hon’ble Union Minister of State for Finance, Dr. Bhagwat Karad graced the MoU exchange ceremony held today at the Global SME Finance Forum 2023 in Mumbai. Dr. Praveer Sinha, CEO&MD, Tata Power and Shri Sivasubramanian Ramann, Chairman & Managing Director, SIDBI exchanged the MoU.
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Fashion designer Rahul Mishra awarded Chevalier de l’Ordre des Arts et des Lettres Ambassador of France to India Emmanuel Lenain presented the medal to Mishra for his career and connection to France.
Celebrated fashion designer Rahul Mishra was on Tuesday conferred with the insignia of Chevalier de l’Ordre des Arts et des Lettres at a function at the Residence of France here. The French government’s distinction l’Ordre des Arts et des Lettres is bestowed upon “persons who have distinguished themselves by their creativity in the field of art, culture, and literature or for their contribution to the influence of arts in France and throughout the world”. Ambassador of France to India Emmanuel Lenain presented the medal to Mishra for his career and connection to France.
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Reliance Retail Ventures Limited (RRVL) is set to receive an investment of Rs 2,069.50 crore from global investment firm KKR through an associate, the company said in a media release.
RELIANCE RETAIL VENTURES Limited (“RRVL”) announced that global investment firm KKR, will invest Rs 2,069.50 crore into RRVL, a subsidiary of Reliance Industries Limited, through an affiliate. This investment values RRVL at a pre-money equity value of Rs 8.361 lakh crore. This will bring the company among the top four companies by equity value in the country. KKR’s follow-on investment will translate into an additional equity stake of 0.25 per cent in RRVL on a fully-diluted basis. This, combined with its stake from its investment of Rs 5,550 crore in RRVL in 2020, will take its total equity stake in RRVL to 1.42 per cent on a fully-diluted basis.
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the World Health Organization (WHO) launches two resources designed to strengthen suicide prevention efforts: Preventing suicide: a resource for media professionals (2023 update) and a policy brief on the health aspects of decriminalization of suicide and
Suicide is a major public health problem. Each year more than 700 000 people take their own life. It is the fourth leading cause of death among 15–29-year-olds. Not only is each loss of life tragic in itself, but it also has profound and devastating effects on families and entire communities. Suicide can be linked to multiple, complex, and intersecting social, economic, cultural, and psychological factors and challenges, including the denial of basic human rights and access to resources as well as stressful life events such as loss of livelihood, work or academic pressures, relationship breakdowns and discrimination, among others.
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The collaboration between AWS ISRO and IN-SPACe will give space startups, research institutes, and students access to cutting-edge cloud technologies
Amazon Web Services (AWS) signed a strategic Memorandum of Understanding, MoU, with the Indian Space Research Organization (ISRO) and the Indian National Space Promotion and Authorization Centre (IN-SPACe). Through the MoU, AWS will support space-tech innovations through cloud computing. The collaboration will give space startups, research institutes, and students access to cutting-edge cloud technologies that accelerate the development of new solutions in the space sector.AWS said the collaboration will give space startups, research institutes, and students access to cutting-edge cloud technologies that accelerate the development of new solutions in the space sector.
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SAFF U-16 C'Ships India, Bangladesh ready for summit clash in Himalayas. India and Bangladesh have already faced each other in the first match of the tournament and Sunday's encounter could be a rematch of sorts.
The Changlimithang Stadium, in Thimphu, Bhutan, is all set as India and Bangladesh look to fight it out in the summit clash of the SAFF U-16 Championship 2023, on Sunday, September 10. India and Bangladesh have already met each other in the first match of the tournament , and the clash on Sunday could well serve to be a re-match of sorts.India began the Group A fixture on the front foot, with Vishal Yadav the main creative force in the first half. In the 14th minute, he intercepted a pass before setting up Bharat Lairenjam, whose effort was saved one-on-one by Islam.
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World Duchenne Muscular Dystrophy Day observed by Department of Empowerment of Persons with Disabilities (DEPwD)
World Duchenne Muscular Dystrophy Day is observed on Seventh September each year to raise awareness about Duchenne muscular dystrophy. The purpose of the day is to support efforts that will improve the quality of life for those who have dystrophinopathies through education, advocacy, and social inclusion. A rare degenerative illness called Duchenne muscular dystrophy makes muscles weaker over time until it affects the entire body. One in five thousand boys are born with the condition. It results from an X-chromosome mutation. First, walking becomes challenging, then other motor functions follow, and finally, breathing and heart function are affected because the heart is also a muscle.
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Ministry of Labour and Employment signs Memorandum of Understanding (MoUs) with various Private Job Portals/Employers
The Ministry of Labour and Employment signed Memorandum of Understanding (MoU) with leading private job portals, companies/employers and skill providers to integrate with National Career Service (NCS) portal of the Ministry here today. The objective of MoUs is to enhance employment opportunities and services for jobseekers on NCS portal. The private job portals partnering with the Ministry of Labour and Employment will share their vacancies on NCS so that the NCS registered jobseekers can seamlessly apply for such vacancies. On behalf of Ministry of Labour and Employment, the MoUs were signed by Shri Amit Nirmal, Deputy Director General (Employment) in the presence of Smt. Arti Ahuja, Secretary Ministry of Labour and Employment and Shri Ramesh Krishnamurthi, Additional Secretary (Labour and Employment).
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India-UK hold 12th Economic and Financial Dialogue (EFD) in New Delhi. India and U.K. optimistic to promote financial services and investment activities in GIFT IFSC.
The 12th Round of Ministerial India-UK Economic and Financial Dialogue was held today in New Delhi. The Indian delegation was led by Smt. Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, and the U.K. delegation was led by Rt. Hon. Mr. Jeremy Hunt, MP, Chancellor of the Exchequer, U.K.India and UK reiterated the commitment to deepen their collaboration on Financial Services, building on each other’s strengths and supporting mutual aspirations towards financial inclusion and sustainable development. There was optimism in terms of the activities being done by India to promote financial services and investment in GIFT IFSC and UK’s commitment to support the same.
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NABARD signs MoU with UNDP to co-create data-driven innovations. NABARD is building data warehouse for agriculture sector: CGM
NABARD is a Development Bank with a mandate for providing and regulating credit for the development of agriculture, small-scale industries, cottage and village industries, handicrafts and other allied economic activities in rural areas to promote prosperity of rural areas. NABARD has played a crucial role in the development of farm sectors like minor irrigation, horticulture & plantation, forestry, land development, animal husbandry, fisheries, farm mechanization, post-harvest management, infrastructure for agricultural marketing etc., as well as non-farm sector activities like rural based industries, agro-industries including fruits & vegetable processing, artisans, handicrafts, handlooms etc.
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Prime Minister Shri Narendra Modi held a bilateral meeting with H.E. Mr. Rishi Sunak, Prime Minister of the United Kingdom, on 9 September 2023 on the sidelines of the G20 Summit in New Delhi.
Prime Minister conveyed his appreciation for UK’s support during India’s G20 Presidency, marked by high-level participation at various G20 meetings and events. The two leaders noted with satisfaction the progress in diverse areas of bilateral cooperation as per the India-UK Comprehensive Strategic Partnership as well as the Roadmap 2030, particularly in economy, defence and security, technology, green technology and climate change, health and mobility sectors. Both leaders also exchanged views on international and regional issues of importance and mutual interest. >>> Leaders also reviewed the progress of Free Trade Agreement negotiations and expressed hope that the remaining issues could be addressed at the earliest so that a balanced, mutually beneficial and forward looking Free Trade Agreement is concluded soon. >>> Prime Minister Modi invited PM Sunak for a bilateral visit at an early, mutually convenient date for a more detailed discussion.
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Rajnath lays foundation stone for Nyoma airfield near the LAC in eastern Ladakh Defence Minister inaugurates 90 infrastructure projects built by Border Roads Organisation at a cost of over ₹2,900 crore
Defence Minister Rajnath Singh on September 12 virtually laid the foundation stone for Nyoma airfield in Eastern Ladakh very close to the Line of Actual Control (LAC) and also inaugurated the crucial Nechiphu tunnel on the axis to Tawang in Arunachal Pradesh. In all he inaugurated 90 infrastructure projects built by Border Roads Organisation (BRO) at a cost of over ?2,900 crore, across 11 States and Union Territories which include two revamped airfields, Bagdogra and Barrackpore, in West Bengal, two helipads, 22 roads and 63 bridges. Of these 90 projects, 36 are in Arunachal Pradesh; 26 in Ladakh; 11 in Jammu & Kashmir; five in Mizoram; three in Himachal Pradesh; two each in Sikkim, Uttarakhand and West Bengal and one each in Nagaland, Rajasthan and Andaman & Nicobar Islands, a Defence Ministry statement said.
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IICA and UNICEF jointly organize workshop on Business Responsibility and Sustainability Reporting (BRSR)
Indian Institute of Corporate Affairs (IICA), organised a workshop on Business Responsibility and Sustainability Reporting (BRSR) in collaboration with UNICEF and National Stock Exchange at the NSE premises in Mumbai on September 12, 2023. The workshop was attended by above 50 Sustainability, CSR (Corporate Social Responsibility), ESG (Environment, Social and Governance) and BHR (Business Human Rights) professionals from key corporate houses. The workshop aimed to provide a comprehensive understanding of the BRSR framework, which is based on the nine principles of the National Guidelines for Responsible Business Conduct (NGRBC).
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Shri Dharmendra Pradhan along with Shri Pushkar Singh Dhami inaugurates Vidya Samiksha Kendra and lays foundation stone of 141 PM SHRI Schools and 40-bed Netaji Subhash Chandra Bose Residential School
Union Minister for Education and Skill Development & Entrepreneurship Shri Dharmendra Pradhan along with Chief Minister of Uttarakhand, Shri Pushkar Singh Dhami, inaugurated the Vidya Samiksha Kendra and laid the Foundation Stone of 141 PM Shri Schools and the Netaji Subhash Chandra Bose Residential School in Dehradun, Uttarakhand today. Senior officials, dignitaries and eminent academicians were also present at the event.While addressing the gathering Shri Pradhan said that Vidhya Samiksha Kendra, a technology based and modern data driven model will be an effective step towards improving the learning outcomes of 23.50 lakh school students of Uttarakhand.
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Govt relaxes domestic content requirement for solar cells under PM-KUSUM till March 2024. The Component C under PM KUSUM is to achieve solarisation of 15 lakh grid-connected agriculture pumps through individual pump solarisation and feeder level solarisat
The Ministry of New and Renewable Energy (MNRE) has responded to the pleas of stakeholders and State implementing agencies by extending the waiver of the domestic content requirement (DCR) for solar cells under Component C of the PM KUSUM Scheme. In a recent development, the ministry has announced that the DCR provision, which was initially waived off for projects awarded on or before June 20, 2023, will now be relaxed until March 31, 2024. This decision comes in light of the ongoing bidding processes and the difficulties faced by stakeholders in meeting the DCR requirements for solar cells. Component C, also known as Feeder Level Solarisation, is a critical part of the PM KUSUM Scheme, aimed at promoting solar power generation at the feeder level.
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Cashfree Payments partners with NPCI to launch customer on-boarding feature 'AutoPay on QR' end the necessity to download an app or register on a website
Cashfree Payments, a financial technology company, on Tuesday announced the launch of ‘AutoPay on QR’ in collaboration with National Payments Corporation of India (NPCI).The feature enables customer on-boarding through a two-step workflow of scanning a QR code and approving an e-mandate via Unified Payments Interface (UPI) apps within 30 seconds.The company, which specialises in API banking solutions and payments, said ‘AutoPay on QR’ eliminates the necessity to download an app or register on a website as it directly activates a unique subscription for every customer.The feature will enhance customer acquisition, support retention, and facilitate growth for subscription-based businesses, said Cashfree in a statement.
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Mastercard and Invest India announced the launch of an enhanced Priceless.com program in India. Mastercard said the program aims to 'redefine' experiential travel in India and has been launched with the support and guidance of the Ministry of Tourism.
Payments giant Mastercard on Thursday (August 3) announced the introduction of Cardholder Verification Value (CVV)-less online transactions for its debit and credit cardholders who have tokenised their cards on merchant platforms. With this feature, Mastercard aims to reduce the checkout time and make virtual transactions hassle-free and more secure.CVV is the three-digit number printed on the back of debit and credit cards. According to the Reserve Bank of India’s (RBI’s) tokenisation guidelines, merchants who adopt tokenised payments will collect CVV only once, which is while tokenising the card.
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Senior National Ranking: Kiran George storms into the men's singles final Junior national champion Kiran George shocked top-seeded Ansal Yadav before a comprehensive victory over M. Mithin in straight games.
Kiran George is no stranger to the burdens of a sporting legacy, being the son of former international George Thomas and brother of former junior India player Arun. This time though, it was his time to make the family proud as he entered the men's singles final of the Yonex-Sunrise Mathrubhumi senior National-ranking badminton tournament at the V.K.K. Menon indoor stadium on Saturday.After shocking top-seeded Ansal Yadav in the morning, junior national champion Kiran defeated Air India’s M. Mithun (AI) in straight games and will meet Telangana’s A.S.S. Siril Varma in Sunday’s final.
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Aluminium rail coaches: Hindalco ropes in Italian firm Metra for extrusion tech ‘The partnership is aimed at sharing extrusion and fabrication technology for building high-speed aluminium rail coaches’
Hindalco Industries, the world's largest aluminium rolling and recycling company, on Tuesday said it has signed a technology partnership agreement with Italy-based Metra to manufacture high-speed aluminium rail coaches. The Aditya Birla group company in a statement said the partnership is aimed at sharing extrusion and fabrication technology for building high-speed aluminium rail coaches."We are pleased to join forces with Metra to introduce a new era of aluminium extrusions for passenger trains in India," said Mr. Satish Pai, Managing Director of Hindalco Industries. "This is in line with our capability building for aluminium in commercial vehicles, freight wagons, electric vehicles and passenger train applications.
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Air India on Monday rolled out 'Project Abhinandan' to provide a personalised and hassle free on-ground experience to passengers, said the company in a press release.
As part of the project, Air India has deployed specially trained Service Assurance Officers at 16 major Indian airports, who will offer on-ground assistance across airport touchpoints to Air India guests who may require it – at check-in area or lounges, near the boarding gates, during transit, or at the arrival hall. Air India’s Service Assurance Officers will be placed at strategic touchpoints to proactively engage with guests, provide support, or troubleshoot any issues. They are also trained to address unforeseen issues such as missed flights, delayed baggage delivery and misconnections at airports, among others.
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GSITI and ISRO have embarked on a five-year partnership aimed at offering extensive training programs to strengthen capacity building in the domains of mineral resources and disaster management.
Geological Survey of India Training Institute (GSITI), Hyderabad has signed an MoU for five years with Indian Space Research Organisation (ISRO), Bengaluru under the National Natural Resources Management System (NNRMS) programme on September 11. The MoU was signed by Dr Mathew Joseph, Dy Director General & Head Mission-V, on behalf of GSITI and by Dr J.V. Thomas, Director, Earth Observation Applications & Disaster Management Support Programme Office (EDPO), on behalf of ISRO in the presence of Shantanu Bhatawdekar, Scientific Secretary, ISRO.
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International Day for South-South Cooperation 2023 is a manifestation of solidarity among peoples and countries of the South that contributes to their national well-being.
South-South cooperation is a manifestation of solidarity among peoples and countries of the South that contributes to their national well-being, their national and collective self-reliance and the attainment of internationally agreed development goals, including the 2030 Agenda for Sustainable Development. The International Day for South-South Cooperation celebrated on 12th September, focuses on the theme ‘Solidarity, Equity and Partnership: Unlocking South-South Cooperation to Achieve the SDGs’ for this year.
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ONDC signs MoU with Kerala Transport Department. The Kerala Open Mobility Network project aims to bring all modes of transportation on an open network to enable seamless access.
Open Network for Digital Commerce (ONDC), an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India, and the Transport Department, Government of Kerala signed a memorandum of understanding (MoU) to expand the scope of the open mobility network in the state. Under the agreement, what began as the Kochi Open Mobility Network will now be expanded to the rest of the state and be rechristened as the Kerala Open Mobility Network (KOMN), says an official release from ONDC.
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Prime Minister Narendra Modi here on Monday unveiled a 30-ft bronze statue of legendary freedom fighter Alluri Sitarama Raju on the latter's 125th birth anniversary here.
Prime Minister Narendra Modi on Monday unveiled a 30-ft bronze statue of legendary freedom fighter Alluri Sitarama Raju on the latter’s 125th birth anniversary. The 15-tonne statue was carved out at a cost of Rs 3 crore and installed by the Kshatriya Seva Samiti in the Municipal Park at ASR Nagar in Bhimavaram, as part of the Azadi Ka Amrit Mahotsav celebrations. Andhra Pradesh Governor Biswa Bhusan Harichandan, Union Minister for Tourism and Culture G Kishan Reddy, Chief Minister Y S Jagan Mohan Reddy, former Union Minister and film star K Chiranjeevi and others were present on the occasion.
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Archery World Cup Final: Silver for India’s Prathamesh Jawkar Denmark’s Mathias Fullerton claims the title by virtue of shooting closer to the centre in the tied shoot-off; Colombia’s Sara Lopez wins the women’s crown
Indian compound archer Prathamesh Jawkar clinched the silver medal in an intense showdown against Denmark's Mathias Fullerton in his debut World Cup final. The high-stakes final reached a heart-stopping climax, ultimately decided by a shoot-off finish, with Fullerton prevailing by the slimmest of margins due to his arrow's proximity to the centre. Jawkar, who had previously stunned the world No. 1 and reigning champion Mike Schloesser, displayed exceptional skill throughout the tournament. In the final, he initially fell behind after dropping a single point in the opening round.
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Five DEPwD’s Initiatives to be launched by Kumari Pratima Bhoumik, MoS, Ministry of Social Justice and Empowerment.DEPwD's Vision of Inclusivity Transforming Lives with Innovative Initiatives
The Department of Empowerment of Persons with Disabilities (DEPwD) in India has embarked on a transformative journey. In its relentless pursuit of a more inclusive society, DEPwD has forged significant partnerships and implemented innovative initiatives to bring about lasting change. From a groundbreaking Memorandum of Understanding (MoU) with the Council of Architecture to the release of anonymous data through the Unique Disability ID (UDID) portal for research purposes, and the launch of the PM Daksh Portal, designed to empower persons with disabilities in their pursuit of skill development and employment opportunities. Hon'ble MoS, Kumari Pratima Bhoumik, Ministry of Social Justice and Empowerment, will launch the five initiatives of DEPwD mentioned below at DAIC.
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Indian Navy has reportedly collaborated with a cab aggregator service to provide safe, reliable, convenient, and economical mobility solutions for personal travel as well as commute of naval personnel along with families across the country
The Navy also signed with Uber a Memorandum of Understanding (MoU) in the presence of R Hari Kumar, the Navy’s Chief Admiral, and senior officials of the firm. The MoU struck with Uber aims at providing reliable, safe, convenient, as well as economical mobility solutions for personal travel and commute of Naval personnel and families across the country, a senior official said.Uber is going to extend benefits to Indian Navy’s personnel as well as their families, including a personalized profile on the Uber app; a premier executive cab category offering surge price protection in peak office hours; the availability of top-rated drivers; no cancellation fee on rides besides 24×7 premium business supports, the official stated.
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21st edition India France bilateral naval exercise 'Varuna' - 2023. Phase II of the 21st edition of the bilateral Exercise Varun (Varuna-23) between the Indian and French navies was conducted in the Arabian Sea.
The exercise witnessed participation of guided missile frigates, tanker, Maritime Patrol Aircraft and integral helicopters from the two sides. The exercise was conducted over three days and witnessed joint operations, underway replenishment and various tactical manoeuvres. Units of both navies endeavoured to enhance and hone their war fighting skills, improve interoperability and demonstrate their ability to promote, peace, security and stability in the region. The first phase of 'Varuna-2023' was conducted off India's Western Seaboard from 16 to 20 Jan 23. Indian & French Navy bilateral naval exercise was initiated in 1993. The exercise was later christened as 'Varuna' in 2001 and has since become a hallmark of robust India-France strategic bilateral relationship.
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Bharti AXA Life Insurance on Monday announced a new product, Bharti AXA Life Income Laabh with an aim to simplify insurance and deliver maximum protection to its consumers.
Bharti AXA Life Insurance has unveiled a new product, Bharti AXA Life Income Laabh to simplify insurance and provide optimal protection to its customers. This plan addresses the twin goals of providing financial protection and ensuring a steady income stream.The plan gives customers a regular stream of assured income for 10-12 years, depending on the policy term they choose. Initial income pay-out is 100 per cent of the annual premium one pays, which then increases to 150 per cent after five years for a 10-year policy term. In the case of a 12-year policy term, the income increases by 200 per cent after six years.
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NGEL Signs MoU with Nayara Energy for Green Hydrogen Production. This collaboration is in line with NTPC's initiatives to develop hydrogen projects in India.
NTPC Green Energy Limited (NGEL) and Nayara Energy have entered into a Memorandum of Understanding (MoU) to explore opportunities in the green hydrogen and green energy space. The MoU signing ceremony was attended by Mohit Bhargava, CEO, NGEL and Amar Kumar, Head-Technical, Nayara Energy. Other senior officials of NTPC, NGEL and Nayara Energy were also present on the occasion. The MoU envisages to collaborate and produce green hydrogen for Nayara Energy's captive usage, accelerate decarbonisation and catalyse reduction in carbon footprint. This collaboration is in line with NTPC's initiatives to develop hydrogen projects in India and aligns with the vision of a self-reliant India (Atmanirbhar Bharat) as laid out by Prime Minister Narendra Modi.
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IDFC First Bank shares up on buying by GQG Partners. The sale proceeds, amounting to Rs 478.7 crore after accounting for STT and other brokerage charges, will be allocated for specific purposes.
IDFC First Bank MD and CEO V. Vaidyanathan sold 5.07 shares of the bank to US-based GQG Partners in a block trade transaction, the bank announced on Monday. The bank has been duly informed that the proceeds of the sale net of STT and other brokerage charges of Rs 478.7 crore will be utilized for subscribing to fresh shares of the Bank through exercise of options, for payment of related income tax and for contributing to specific pre-committed social causes," IDFC First Bank said. As part of a merger between Capital First and IDFC Bank in December 2018, Vaidyanathan was granted stock options.
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Shanti Swarup Bhatnagar, the first director of CSIR, the award honors scientists from the seven disciplines of physics, biology, engineering, mathematics, medicine, chemistry and earth sciences.
The Council of Scientific and Industrial Research (CSIR) has announced the names of the winners of the Shanti Swarup Bhatnagar (SSB) awards for 2022, after nearly a year’s delay. The list of 12 scientists across seven categories, chosen for the coveted award in the field of science and technology, was released by CSIR on Monday, September 11.Dr. N Kalaiselvi, Director General of CSIR announced the names of the awardees for the year 2022 at an event in the presence of Union Minister for Science and technology Dr Jitendra Singh.Named after Shanti Swarup Bhatnagar, the first director of CSIR, the award honours scientists from seven disciplines of physics, biology, engineering, mathematics, medicine, chemistry and earth sciences.
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Private sector lender ICICI Bank on Tuesday said the RBI has approved Sandeep Bakshi’s appointment as Managing Director and CEO of the bank for three years.
Private sector ICICI Bank on Monday said the RBI has approved the reappointment of Sandeep Bakhshi as Managing Director and CEO of the private lender for three years.The reappointment of Bakhshi will be effective from October 4, 2023, till October 3, 2026, ICICI Bank said in a regulatory filing.The bank's shareholders have already approved the appointment of Bakhshi for three more years, it added.Bakshi joined ICICI Ltd in 1986 and handled the corporate clients of the company for the northern and eastern regions. He later moved on to ICICI Lombard in 2002 where he was responsible for business development, project appraisals, project monitoring, and business restructuring.
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The Tata Steel Chess India Women's Rapid saw a nerve-wracking final round where title chances alternatively swung in favor of WGM Divya Deshmukh and Women's World Champion GM Ju Wenjun before the former emerged as the winner by a half-a-point margin in a
Divya Deshmukh’s dream run continues at the National Library. The 17-year-old moved into the sole lead of the women’s rapid section of the Tata Steel Chess India tournament on Friday. She is on 5.5 points from six rounds. She won all her games on day two, her victims being the American Irina Krush and fellow-Indians B. Savitha Shri and Vantika Agarwal. she wasn’t even in the original list of players.GM Koneru Humpy came back to winning ways after a second consecutive victory over WGM Savitha Shri B. IM Vantika Agrawal failed to convert winning chances in her game against IM PolinaShuvalova, having to settle for a draw. GM HarikaDronavalli split the point against GM Irina Krush after the players repeated moves in an equal position out of the middle game.
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FIBA Basketball World Cup 2023: Germany beat Serbia in thrilling final to lift maiden title Germany, playing in their first final in FIBA World Cup history, beat Serbia by 83-77 at Pasay's Mall of Asia Arena to claim the ultimate glory.
Germany recorded a thrilling 83-77 win over Serbia in the FIBA Basketball World Cup 2023 final on Sunday, September 10. Toronto Raptors's Dennis Schroder registered the highest 28 points while Franz Wagner added 19 points to give Germany a sensational comeback win in the 19th edition of the tournament.Serbia, playing in the final for the second time in the last three editions, started well with a narrow lead in the first quarter despite losing Ognjen Dobric to an injury and also ended the first half with the same points as Germany. But Germany, riding on their unbeaten record in the tournament, made a stunning comeback in the third quarter to take a lead.
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Ian Wilmut, the cloning pioneer whose work was critical to the creation of Dolly the Sheep in 1996, has died, the University of Edinburgh in Scotland said on September 11. He was 79.
The process involved putting DNA from the adult cell into an empty sheep's egg. Researchers then stimulated it with electricity and added chemicals - which had the effect of rejuvenating the adult DNA into an embryo. That was then implanted into a surrogate sheep until it came to term. There are times when developments in science represent much more than a step forward in knowledge. Occasionally, they change everything. Seeing the Earth from space and the detonation of atomic bombs over Hiroshima and Nagasaki created big cultural shifts in our view of ourselves and the world around us. At the time, the birth of Dolly the cloned sheep felt like just such a moment.
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Sumit Nagal had to be content with a runner-up finish at the ATP Tulln Challenger event after losing the title clash 2-6 4-6 to Czech Republic's Vit Kopriva.
Sumit Nagal had to be content with a runner-up finish at the ATP Tulln Challenger event after losing the title clash 2-6 4-6 to Czech Republic’s Vit Kopriva. After competing in his third Challenger level final, Nagal will move to 156 in the ATP chart.A 77th-minute strike by Kaseem Al Zein put paid to India’s hopes of finishing third in the King’s Cup football tournament as Lebanon emerged 1-0 winners.India’s U-16 team won the SAFF U-16 Championship by beating Bangladesh 2-0 in the title clash. Bharat Lairenjam found the net in the 8th minute, while Levis Zangminlun sealed the victory with a 74th-minute strike.
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Dennis Austin, the co-creator of PowerPoint presentation died at his home in Los Altos, California on September 1, he was 76. His son, Michael Austin, told the Washington Post that he was suffering from lung cancer metastasising to his brain.
Dennis Austin, the co-creator of PowerPoint presentation died at his home in Los Altos, California on September 1, he was 76. His son, Michael Austin, told the Washington Post that he was suffering from lung cancer metastasising to his brain. Mr Austin had studied engineering at several universities, including MIT and UC Santa Barbara, before joining the software company Forethought as a software developer and co-developing Powerpoint. According to The Washington Post, the company released the software in 1987, and Microsoft bought the company just a few months later for $14 million. Mr. Austin was the PowerPoint's primary developer from 1985 to 1996 when he retired.
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Goa Governor P.S. Sreedharan Pillai on Friday launched ‘Mashaal’ for 37th National Games at a program held in Durbar Hall Raj Bhavan, Donapaula.
Goa Governor P S Sreedharan Pillai on Friday launched ‘Mashaal’ for the 37th National Games at a program held in Durbar Hall Raj Bhavan, Donapaula. The 37th National Games will be held in Goa from October 25 to November 9. The Governor also released the anthem (theme song) of the national games for which actor Amitabh Bachchan has given his voice. “This is a rare opportunity in the history of Goa to host the National Games. Goa is the ‘Devbhoomi’ of Bharat. Our country is always committed towards unity and integrity. “People from all over the nation will be here in Goa for this national event, and we have to be ready for it. The success of this national event will also give a boost to the tourism sector of our state,” the Governor said. Chief Minister Pramod Sawant said that Goa is ready to host the National Games and the ‘Mashaal’ will travel all over Goa so that the people from rural areas also celebrate this event.
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National Forest Martyrs Day 2023: National Forest Martyrs Day is observed on the 11th of September of every year. Forests are more important for every creature in the world.
In India, every year September 11 is celebrated as National Forest Martyrs Day. This day is observed in order to honor those who sacrifice their life to save forests, wildlife, and jungles in India. Still, there are some people whose only source of living is the forest. They also save flora and fauna by considering it as their own family. So in order to pay tribute and hail their contribution National Forest Martyrs Day is observed and celebrated. On this day several institutions and organizations conduct many events in order to inform the people about protecting the forests and environment. This article will help you to know a detailed explanation of National Forest Martyrs Day History, National Forest Martyrs Day 2023 Theme, National Forest Martyrs Day 2023 Significance, National Forest Martyrs Day 2023 quotes, and some important FAQs related to National Forest Martyrs Day 2023.
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National Judicial Academy signs MoU with Singapore Judicial College in presence of CJI, counterpart On Thursday, India and Singapore signed another memorandum of understanding on judicial cooperation.
The National Judicial Academy of India on Friday signed a memorandum of understanding (MoU) with the Singapore Judicial College of the Supreme Court of the island city-state on advancing cooperation in judicial education and research.“Chief Justice of India Dhananjaya Yashwant Chandrachud, who is also the chairperson of the National Judicial Academy and the Chief Justice of Singapore Sundaresh Menon witnessed the signing of an MoU,” an apex court official said.On Thursday, India and Singapore signed another memorandum of understanding on judicial cooperation.The CJI and his Singapore counterpart Menon witnessed the signing of the MoU between the supreme courts of two the nations.
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AU Small Finance Bank and Bajaj Allianz Life Insurance has entered into a strategic partnership, which will help the small finance bank's customers to get access to Bajaj Allianz Life’s life insurance products.
AU Small Finance Bank, India’s largest Small Finance Bank and Bajaj Allianz Life Insurance, one of India’s leading private life insurers, announced their strategic partnership, today in Mumbai. This collaboration will empower a diverse range of AU Small Finance Bank’s customers to gain access to Bajaj Allianz Life’s comprehensive suite of life insurance products, thereby addressing their imperative need for financial security. Mr. Uttam Tibrewal, Executive Director of AU Small Finance Bank and Mr. Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance signed the agreement and announced their strategic partnership, at an event.
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Next G Alliance of the Alliance for Telecommunications Industry Solutions (ATIS) and the Bharat 6G Alliance have signed a memorandum of understanding (MoU) to explore collaborative prospects on 6G wireless technologies.
Next G Alliance, launched by the ATIS, is a private-sector-led project to promote North American wireless technology leadership over the next decade, with an initial focus on 6G. Working groups in applications, green G, national 6G roadmap, societal and economic demands, spectrum, and technology are laying the groundwork for North American leadership in 6G and beyond.The Bharat 6G Alliance is a collaboration of Indian business, academia, national research institutions, and standards bodies. The goal is to design, develop, and implement technology and innovations that provide an intelligent and safe solution for high-quality living experiences for citizens in India and around the world.
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World First Aid Day is a global annual event observed annually on the Second Saturday of every September with the intention to promote awareness about the role of first aid in saving lives.
This year 2023, World First Aid Day is celebrated on the 9th of September (Saturday). On this day, many people from local and worldwide organisations gather to work together to educate people about the importance of having basic first aid skills and their role during emergencies.First aid is an emergency measure that often consists of simple, frequently life-saving measures that the vast majority of individuals can learn to execute with minimum equipment and no prior medical knowledge. The term “First aid” relates to the administration of care to a human provided by a bystander (s), though it is not considered medical treatment and does not replace expert medical interventions.
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Billionaire Mukesh Ambani-led Reliance Industries Limited on 8 September announced to partner with US-based chipmaker NVIDIA to advance artificial intelligence in India, Reliance said in a press release.
The partnership is being done to boost India's artificial intelligence and semiconductor chip ambitions. Apart from this, the partnership will help develop an indigenous foundation large language model trained on the nation's diverse languages and tailored for generative Al applications. As per the partnership, NVIDIA will provide Jio with end-to-end AI supercomputer technologies including CPU, GPU, networking, and AI operating systems and frameworks for building the most advanced AI models. Jio will manage and maintain the AI cloud infrastructure and oversee customer engagement and access.As per details, the AI infra will be hosted by data centers that will expand to 2,000 MW.
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The Association of Investment Bankers of India has appointed Mahavir Lunawat, Managing Director of Pantomath Capital Advisors, as its Chairman for two years, starting this month.
The Chairperson of AIBI represents Investment Bankers on the Primary Market Advisory Committee of SEBI and has been active in representing the members’ views, comments, and suggestions on various regulatory reforms pertaining to the capital markets. Arjun Mehra, MD of JM Financial, and Prem D’Cunha, SVP and Head of ECM Execution at ICICI Securities, serve as its Vice Chairmen. The appointments were made at the AIBI’s Board Meeting held on September 5.An industry veteran with over 20 years of experience, Lunawat has led some of the key M&As and corporate restructuring projects and has managed over 100 IPOs.
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North Korea launched its first operational "tactical nuclear attack submarine" and assigned it to the fleet that patrols the waters between the Korean peninsula and Japan, state media said.
North Korean leader Kim Jong Un said that arming the navy with nuclear weapons was an urgent task.Submarine No. 841 - named Hero Kim Kun Ok after a North Korean historical figure - will be one of the main "underwater offensive means of the naval force" of North Korea, leader Kim Jong Un said at the launch ceremony.The vessel appears to be a modified Soviet-era Romeo-class submarine, which North Korea acquired from China in the 1970s and began producing domestically, news agency Reuters reported.Vann Van Diepen, a former US government weapons expert who works with the 38 North project in Washington, said, "When this thing is field deployed, it's going to be quite vulnerable to allied anti-submarine warfare.