agreement news
Boost to self-reliant India: Defense Ministry signs contract with L&T for K9 Vajra-T guns
is an important step towards increasing the firepower of Furthering the goals of the Indian Army and self-reliant India, the Ministry of Defense (MoD) signed a contract worth Rs 7,628.70 crore with Larsen & Toubro Limited (L&T). On December 20, 2024. The procurement includes 155 mm/52 caliber K9 VAJRA-T self-propelled tracked artillery guns, a state-of-the-art addition to India’s artillery fleet. The agreement was signed in the presence of Defense Secretary Shri Rajesh Kumar Singh at South Block, New Delhi, marking an important milestone in India’s defense modernization and indigenous manufacturing capabilities.
$350M India-ADB loan agreement finalized
Government of India and Asian Development Bank (ADB) have signed an agreement worth $350 million Policy-based loans under the second subprogramme of Strengthening the Multimodal and Integrated Logistics Ecosystem (SMILE) programme. The collaboration aims to enhance India’s logistics sector through comprehensive reforms, infrastructure development and digital integration. By improving logistics efficiency, the initiative aims to strengthen the manufacturing sector, boost supply chain resilience, reduce costs and promote sustainable economic growth.
banking news
ICICI Bank, Times Internet launch premium metal credit cards
ICICI Bank and Times Internet has launched’Times Black ICICI Bank Credit Card,’ A super-premium co-branded card for high-net-worth individuals (HNIs) in India. The card combines exclusive benefits, luxury services and a unique design, a step towards redefining luxury for India’s affluent clientele. Powered by Visa, the card offers a range of benefits that cater to the sophisticated lifestyle of professionals and wealthy individuals.
RBI fines Manappuram Finance and IndusInd Bank for non-compliance
Reserve Bank of India (RBI) fined on IndusInd Bank and Manappuram Finance For failing to comply with regulatory norms. amount of fine Rs 27.3 lakh for IndusInd Bank and Rs 20 lakh for Manappuram Finance. Both were imposed after statutory inspection of the companies. These inspections reviewed their financial position as on March 31, 2023, which revealed violations in compliance with RBI regulatory directions.
business News
Tata Power and Canara Bank partner for rooftop solar loan
Tata Power Renewable Energy, A unit of Tata Power has partnered with a government company Canara Bank to provide Affordable financing options for rooftop solar power plants. this is cooperation Part of the government’s PM Surya Ghar schemeWhich aims to accelerate the adoption of rooftop solar systems across India. This initiative will help residential customers access clean energy solutions at low cost and contribute to India’s renewable energy goals.
CCI clears UltraTech’s ₹3,954 crore India Cements deal
UltraTech Cementa flagship company of Aditya Birla Group, has received approval from the Competition Commission of India (CCI) for the ₹3,954 crore acquisition of India Cements Limited (ICL). This acquisition is a strategic move by UltraTech to strengthen its position in the southern cement market, especially in Tamil Nadu. The deal, which comprises a significant stake acquisition and an open offer, is in line with UltraTech’s ambitious growth strategy to enhance its installed capacity and achieve global leadership in the cement industry.
CMD Gurdeep Singh says NTPC will set up nuclear power project in Bihar
NTPC, A leading power company in India has revealed its plans to set up a nuclear power project Bihar as part of its strategy to diversify its energy portfolio. The move aims to strengthen NTPC’s commitment to expand non-fossil energy capacity and contribute to the country’s energy needs in the future. Gurdeep Singh, Chairman and Managing Director of the company, highlighted the importance of nuclear power for the energy sector in the coming decades and underlined the potential benefits for both NTPC and the State of Bihar.
Summit and Conference News
24th BIMSTEC Senior Officials Meeting (SOM)
India participated in the 24th BIMSTEC Senior Officials Meeting (SOM). Hosted virtually by Thailand on December 20, 2024. JAdip Majumdar, Secretary (East), Ministry of External Affairs (MEA), represented India During this important session. The meeting reviewed the progress made by BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) since the last SOM in March 2023 and discussed key areas of regional cooperation. Various documents and new mechanisms of cooperation were finalized and preparations for the upcoming 6th BIMSTEC Summit were also discussed.
Books & Author News
Book titled ‘Bring It On: The Incredible Story of My Life’ written by Dr. Deepa Malik
HarperCollins India proudly announces the upcoming publication ‘Bring It On: The Incredible Story of My Life’A memoir of India’s most famous para-athlete, Dr. Deepa MalikThis remarkable autobiography promises to provide readers with an unfiltered view of his extraordinary life, his relentless pursuit of success, and his determination to overcome challenges.
sports news
Richa Ghosh scored a record breaking half-century in Women’s T20I
Indian wicketkeeper-batsman Richa Ghosh Destroyed it and registered its name in history joint-fastest fifty In Women’s T20I. He achieved this feat during the third and last T20 match of the series. west indies women But DY Patil StadiumRicha came to the crease with clarity intent to attackDisplaying his power-hitting skills from the very first ball. In a brilliant display of aggression, he brought up his second T20I half-century in a short span of time 18 ballshas equaled the record of Sophie Devine (New Zealand captain) and Phoebe Lichfield (Australia’s opener).
Delhi to host 2025 Para Athletics World Championships
India ready to host 2025 Para Athletics World Championships, This is a historic moment for the country as it is the first time that this prestigious event will be held in India. The competition is scheduled to take place between September 26 and October 5, 2025 Jawaharlal Nehru Stadium in New Delhi. The event will be the 12th edition of the Para Athletics World Championships and is being held for the fourth time in Asia. More than 1,000 athletes from over 100 countries are expected to participate in the historic event, which will also serve as an important qualifier for the 2028 Los Angeles Paralympic Games.
important days
World Basketball Day 2024: Date, Significance and History
every year 21st December, world basketball day It is celebrated to honor the evolution and importance of the sport that has inspired millions of people around the world. Basketball transcends borders, cultures and languages, promoting values ​​such as athleticism, fun, companionship and peace. The celebration of this day highlights the role of basketball in promoting cooperation, physical activity and interdependence, encouraging players and fans to see each other first and foremost as fellow human beings. When was basketball invented? December 21, 1891By Dr. James Naismitha Canadian physical education teacher International YMCA Training School In Springfield, Massachusetts, United States. Naismith’s goal was to create a game that would keep his students physically active during the harsh winter months. His innovative idea gave birth to a game that would eventually gain global popularity.
First World Meditation Day: 21 December 2024
But 21 December 2024the world will celebrate first world meditation dayMarking a significant moment in the global acceptance of the transformative power of meditation. This annual festival has been established following a resolution passed by United Nations General Assembly (UNGA) But 29 November 2024This day is set to emphasize the intensity mental, physical and social benefits caring, nurturing peace and unity All over the world. theme of the event, “Meditation for Global Peace and Harmony,” It reflects the universal vision of meditation as a bridge connecting individuals and nations. By encouraging participants to focus on inner peace and mutual respect, the initiative aims to inspire people around the world to adopt meditation as a tool to promote self-confidence. collective welfare,
