C&I-focused renewable energy company Fourth Partner Energy Ltd (FPEL) has secured a funding of $275 million from a consortium of World Bank’s International Financial Corporation (IFC), Asian Development Bank and the German Investment Corporation, DEG.

In a statement, the company said that the equity infusion would help FPEL’s business expansion plans and help it reach the target of 3.5 GW renewable energy asset portfolio by 2026. Out of the $275 million, IFC is investing $125 million, while ADB is infusing $100 million and Germany’s DEG is putting in $50 million to complete this round of fundraising.

In April, Mint reported that a consortium including IFC and ADB may invest around $250 million in the renewable energy company.

State-owned ESIC has conducted first in-house cadaver (deceased patient) organ retrieval at its hospital in Hyderabad, an official statement said on Wednesday.

The medical operation helped a patient save lives of three other patients, the Ministry of Labour & Employment said in a statement.

"On August 6, ESIC Super Specialty Hospital, Sanathnagar Hyderabad successfully conducted its first in-house cadaver (deceased patient) organ retrieval, marking a significant advancement in its medical services capabilities and commitment to saving lives," the ministry said.

India lifted the CAVA Women’s Volleyball Nations League final after beating hosts Nepal 3-2 at the Dashrath Stadium in Kathmandu. This victory marked India’s second title in the CAVA Women’s Volleyball Nations League. Despite losing to Nepal once in the league stage, India managed to secure the championship in the finals. The final match showcased the high level of competition and skill between the two teams. India clinched Gold, Nepal secured the silver medal and Iran settled with bronze in the tournament.

Indian wrestler Vinesh Phogat has announced her retirement from wrestling after a gruelling experience at the Paris Olympics that saw her being disqualified from the tournament after making the final.

Vinesh failed to make weight during the second weigh-in (on the day of the final) and was disqualified from the tournament, losing her assured medal too along the way.

The 29-year-old Vinesh had become the first Indian woman wrestler to reach an Olympic final in wrestling. Sakshi Malik, the only other woman wrestler to win an Olympic medal for India, had clinched a bronze medal at Rio 2016.

In a social media post in the wee hours of Thursday morning, Vinesh posted on her X account: “Mother wrestling, you’ve beaten me. Forgive me. My dreams are shattered. My courage is broken. I don’t have any more strength now.”

Gati Shakti Vishwavidyalaya (GSV) has started its first executive training program for the aviation sector at the Asian Institute of Transport Development (AITD) at Dwaraka, New Delhi, since yesterday. The three-day program from August 5th to August 7th will be focused on "Safety Management Systems" for working professionals, it is conducted in collaboration with Airbus.

The program has received an enthusiastic response, attracting participants from leading airlines such as IndiGo, Vistara, as well as representatives from Airbus and the Ministry of Civil Aviation. Notably, the course is also being attended by international professionals, including four participants from Nepal and four from Bhutan. The instructors for the program are leading experts from the industry.

The course was inaugurated by Group Captain GVG Yugandhar Director General, Aircraft Accident Investigation Bureau, Ministry of Civil Aviation and Mr. Sunil Bhaskaran Director, Air India Aviation Academy in presence of GSV Vice-Chancellor Prof. Manoj Choudhary and Dean (Executive Education) Prof. Pradeep Garg.

Indian Navy’s frontline frigate, INS Tabar during the return leg from St Petersburg, Russia conducted a Maritime Partnership Exercise (MPX) with the German Navy off Kiel Canal on August 5, the Ministry of Defence said in a press release.

Prior to this, INS Tabar had visited Hamburg, Germany, from July 17 to 20, furthering the maritime relations between India and Germany. These engagements aim to strengthen the maritime partnership between the two nations.

“The conduct of the MPX between the Indian Navy and the German Navy off the Kiel Canal signifies the Indian Navy’s outreach and sustainability efforts, marking a significant milestone in maritime cooperation between the two countries,” the press release stated.

Reliance Industries secures the 86th spot on the 2024 Fortune Global 500 list, marking its highest rank among Indian firms. The list features nine Indian companies, with LIC at 95th and SBI at 178th. Globally, Walmart remains first, Amazon rises to second, and Saudi Aramco is the most profitable.

Reliance Industries Ltd, the oil-to-telecom-to-retail conglomerate, has ascended two spots to secure the 86th position on the Fortune Global 500 list for 2024, maintaining its status as the highest-ranked Indian firm. The company, which held the 88th position last year, has impressively advanced 69 places over the past three years, rising from 155th in 2021.

According to Fortune, Reliance has consistently featured on the 500 list for 21 years, reporting revenues of $108.8 billion and a profit of $8.4 billion last year. The 2024 ranking includes nine Indian firms, with five hailing from the public sector.

The government introduced on Monday the Readjustment of Representation of Scheduled Tribes in Assembly Constituencies of the State of Goa Bill, 2024, aimed at providing reservation to STs in Legislative Assembly of Goa and to provide for the readjustment of Assembly constituencies.

The Bill was introduced by MoS (Independent Charge) Law and Justice Arjun Ram Meghwal in Lok Sabha. At present, the Goa Assembly has 40 seats, of which one is reserved for SCs, while no seat is reserved for STs.

“The government has received multiple representations from various sources, with a request to direct the initiation of the process to identify and determine the seats to provide for reservation to the ST community in Legislative Assembly of the State of Goa,” state the Statement of Objects and Reasons.

The 5th AITIGA Joint Committee and related meetings for review of ASEAN-India Trade in Goods Agreement (AITIGA) were held in ASEAN Secretariat, Jakarta, Indonesia from 29th July to 1st August 2024, marking a significant milestone in enhancing economic cooperation between ASEAN and India. The meeting was co-chaired by Shri Rajesh Agrawal, Additional Secretary, Department of Commerce, India and Ms. Mastura Ahmad Mustafa, Deputy Secretary General (Trade), Ministry of Investment, Trade & Industry, Malaysia. Delegates from all 10 ASEAN Countries and India participated in the meeting.

AITIGA Joint Committee had initiated discussions for review of AITIGA in May 2023 and after finalising its Terms of Reference and Negotiating Structure, AITIGA JC and its Sub-Committees started negotiations in February 2024. The first 2 rounds of negotiations were held in February 2024 in New Delhi and in May 2024 in Putrajaya, Malaysia. During the 3rd round of negotiations in Jakarta, Indonesia, all 8 Sub-Committees dealing with ‘National Treatment and Market Access’, ‘Rules of Origin’, ‘Standards, Technical Regulations and Conformity Assessment Procedures’, ‘Sanitary and Phytosanitary’, ‘Legal and Institutional Issues’, ‘Customs Procedures and Trade Facilitation’, ‘Trade Remedies’ and ‘Economic and Technical Cooperation’ met alongside 5th AITIGA JC and held substantive discussions making significant progress during this round. All the Sub-Committees reported the outcomes of their discussions to the 5th AITIGA JC which provided them further guidance to steer their future work.

Air forces from the US, Germany, France, and other nations will participate in 'Tarang Shakti,' India's largest multilateral air exercise, showcasing defence capabilities. The first phase will occur in Sulur, Tamil Nadu, from August 6 to 14, and the second in Jodhpur, Rajasthan, from August 29 to September 14.

Officials informed that Russia and Israel will not participate in the exercise. As many as 51 countries were invited to participate in Tarang Shakti, of which around 30 will take part in it. Indian Air Force's LCA Tejas, Mirage 2000, and Rafale will also participate in the mega exercise.