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Appointments News
Arnab Banerjee Elected as New ATMA Chairman
Arnab Banerjee, the Managing Director & CEO of CEAT Ltd., has been elected as the new Chairman of the Automotive Tyre Manufacturers’ Association (ATMA). ATMA is the national industry body representing the automotive tyre sector in India.
Pavan Davuluri Appointed to Lead Microsoft’s Windows and Surface Teams
Microsoft has named Pavan Davuluri as the new head of its combined Windows and Surface teams. This move comes after the previous leader, Panos Panay, left for Amazon last year.
FSIB Selects New CMDs for New India Assurance and United India
The Financial Services Institutions Bureau (FSIB), the head-hunting agency for public sector banks and insurance firms, has selected the next Chairpersons and Managing Directors (CMDs) for New India Assurance and United India Insurance. Girija Subramanian, the current Chairperson and MD of Agriculture Insurance Company (AIC), has been selected as the next CMD of New India Assurance. Bhupesh Sushil Rahul, a General Manager at AIC, has been chosen as the new CMD of United India Insurance.
Agreement News
SIA-India and ABRASAT Sign MoU to Boost Space Sector Advancements
The SatCom Industry Association of India (SIA-India) and ABRASAT, the Brazilian Satellite Communications Association, have joined forces to propel advancements in the space sector. This strategic partnership aims to foster collaboration and drive innovative ventures and technological cooperation between India and Brazil.
IIM Mumbai and Starburst Collaborate to Boost ASD Startups
In a significant move poised to reshape India’s Aerospace, New Space, and Defence (ASD) industry, the Indian Institute of Management Mumbai (IIM Mumbai) partners with Starburst, a prominent European Aerospace, New Space, and Defence (ASD) accelerator. This collaboration aims to bolster the ASD startup ecosystem in India, leveraging the resources and expertise of both entities.
Banking News
Income Tax Department Imposes ₹564.44 Crore Penalty on Bank of India
Bank of India (BoI) has disclosed the receipt of an order from the Income Tax Department, Assessment Unit, concerning the Assessment Year (AY) 2018-19. The order imposes a penalty of ₹564.44 crore on various disallowances made by the bank.
Government e Marketplace (GeM) Achieves ₹4 Lakh Crore GMV, Plans Expansion
The Government e Marketplace (GeM) has witnessed a remarkable growth, doubling its Gross Merchandise Value (GMV) to ₹4-lakh crore in fiscal year 2023-24. CEO P K Singh announced plans for potential expansion, including opening the portal for consumer use and enhancing its services.
Economy News
India’s Foreign Exchange Reserves Reach Record High
India’s foreign exchange reserves have soared to a new peak, reaching $642.631 billion in the week ending March 22, marking the fifth consecutive week of increase, according to the latest data from the Reserve Bank of India (RBI).
Defence News
India-Mozambique-Tanzania Trilateral Exercise (IMT TRILAT 24) Concludes
The second edition of the India-Mozambique-Tanzania Trilateral Exercise, IMT TRILAT 24, concluded successfully in Nacala, Mozambique on March 28th, 2024. This week-long exercise aimed to strengthen maritime cooperation and interoperability among the navies of India, Mozambique, and Tanzania.
Summits and Conferences News
METOC SEMINAR ‘MEGHAYAN 2024’ – AN INSIGHT INTO THE FRONTLINE OF CLIMATE CHANGE
The METOC seminar ‘Meghayan-24’ was conducted by the School of Naval Oceanology & Meteorology (SNOM) and the Indian Naval Meteorological Analysis Centre (INMAC) at the Southern Naval Command on March 28, 2024. It was organized in commemoration of World Meteorological Day, with the theme ‘At the Frontline of Climate Action’ set by the World Meteorological Organization (WMO) for 2024.
Awards News
Vijay Jain Bags Times Power Icon 2024 Award
At a glittering event recently held in Noida, organized by The Times Group, Vijay Jain, the Managing Director of Star Estate, was awarded the prestigious Times Power Icon 2024 Award. The event celebrated and honoured top industry leaders, gracing the occasion with the presence of industry leaders and celebrities, including Cine icon Ada Sharma, who presented the award to Vijay Jain.
Sports News
Sharfuddoula Becomes Bangladesh’s First ICC Elite Umpire
Sharfuddoula has created history by becoming the first Bangladeshi umpire to be appointed to the ICC Elite Panel of Umpires. His appointment was confirmed following the International Cricket Council’s annual review and selection process.
6th Shaastra Rapid FIDE Rated Chess Tournament at IIT Madras
IIT Madras is set to host the prestigious ‘6th Shaastra Rapid FIDE Rated Chess Tournament’ on March 30 and 31, 2024. The tournament, sanctioned by the International Chess Federation (FIDE), will draw the participation of esteemed players from across the globe, including Grandmasters, International Masters, and Women Grandmasters.
Important Days News
International Day of Zero Waste 2024
On December 14, 2022, the United Nations General Assembly passed a resolution to have an International Day of Zero Waste celebrated every year on March 30th. This day aims to raise awareness about reducing waste and promoting zero-waste initiatives to achieve sustainable development.
Obituaries News
Legendary Actor Louis Gossett Jr. Passes Away at 87
Louis Gossett Jr., the first Black man to win the Academy Award for Best Supporting Actor, has sadly passed away at the age of 87. His cousin, Neal L Gossett, confirmed his demise on March 29, stating that he died at a rehabilitation center in Santa Monica, California.
Daniel Kahneman, Psychologist Who Revolutionized Economics, Dies at 90
Arnab Banerjee, the Managing Director & CEO of CEAT Ltd., has been elected as the new Chairman of the Automotive Tyre Manufacturers’ Association (ATMA). ATMA is the national industry body representing the automotive tyre sector in India.
Miscellaneous News
Allu Arjun’s Wax Statue at Madame Tussauds Dubai
Allu Arjun, the popular Telugu actor, has achieved a new milestone in his career. He has been honoured with a wax statue at the renowned Madame Tussauds Museum in Dubai.
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