NITI Aayog and the World Intellectual Property Organization (WIPO) today signed a Statement of Intent in New Delhi for building joint programs towards Innovation, Entrepreneurship and Intellectual Property (IP) for countries in the Global South.

As the Chief Guest at the event, Education Minister Dharmendra Pradhan said that the partnership between NITI Aayog’s Atal Innovation Mission and WIPO is pathbreaking and will bring India’s best innovation models to countries following similar development trajectories. He added that both will work to enhance understanding and awareness about Intellectual Property Rights from the school level to further inclusive and sustainable economic growth.

The Reserve Bank of India (RBI) on Monday approved the appointment of Krishnan Venkat Subramanian as the Managing Director & Chief Executive Officer of the Federal Bank.

In an exchange filing Federal Bank said, "We wish to inform you that, based on our application made to the Reserve Bank of India (“RBI”) on May 06, 2024, for its approval for the new Managing Director & Chief Executive Officer of the Bank, the RBI has, vide its letter dated July 22, 2024, approved the appointment of Krishnan Venkat Subramanian as the Managing Director & Chief Executive Officer of the Bank under Section 35B of the Banking Regulation Act, 2013, for a period of 3 (three) years, with effect from September 23, 2024, after the expiry of the term of the current Managing Director & CEO on September 22, 2024".

Krishnan Venkat Subramanian was the Joint Managing Director of Kotak Mahindra Bank Limited till April 30, 2024, spearheading Corporate, Banking, Commercial banking, Private Banking, and Asset Reconstruction businesses and was responsible for building a high-quality integrated, and profitable franchise across these businesses. He has also been instrumental in upgrading the technology in these businesses and in building strong transaction banking capabilities. He also oversees the Investment
banking and Institutional Equities business. The Investment Banking, Institutional Equities, and Private Banking businesses continue to maintain and improve their leadership positions in the industry.

Indian Space Research Organisation (ISRO) successfully carried out the second experimental flight for the demonstration of Air Breathing Propulsion Technology.

The second experimental flight for the demonstration of Air Breathing Propulsion Technology was carried out at 7 a.m. on July 22. The propulsion systems were symmetrically mounted on either side of a RH-560 Sounding Rocket and launched from Satish Dhawan Space Centre, Sriharikota.

RH-560 is a two-stage, solid motor based sub-orbital rocket that is designed to be utilised as a cost-effective flying test bed for the demonstration of advanced technologies. It is the heaviest sounding rocket in the ISRO’s family of sounding rockets, and is launched from Sriharikota.

In a significant move to bolster India’s drone technology sector, Drone Destination and the National Small Industries Corporation (NSIC) have signed a Memorandum of Understanding (MoU) to establish a cutting-edge drone training centre at NSIC in New Delhi.

This collaborative effort aims to provide comprehensive training in drone technology, encompassing repairs and maintenance, data processing and analysis, remote pilot training, and the emerging sport of drone soccer.

The centre will prioritise skill development, employment generation, and the empowerment of the drone ecosystem in India. By focusing on areas such as digital agriculture, survey and mapping, mining, asset inspection, surveillance and monitoring, and disaster management, the partnership is set to address the growing and diversified demands for skilled manpower in the drone sector.

Drone Destination, one of the leaders in India’s drone industry, offers certified drone pilot training and state-of-the-art Drone-as-a-Service (DaaS) solutions. The company is headquartered in New Delhi and has pioneered commercial drone operations across various sectors including agriculture and infrastructure.

It was India day in New England as Indian tennis stars Leander Paes and Vijay Amritraj were formally inducted into the International Tennis Hall of Fame as its 265th and 267th members. Joining them was veteran tennis journalist Richard Evans, a chronicler of 200 Majors, and the biographer of Amritraj.

Welcoming them to the illustrious club was many of the game’s greatest and fellow Hall of Famers; including 18 Grand Slam winner Christ Evert, her greatest rival and friend Martina Navratilova, Andre Agassi, Stan Smith, and WTA founding member Rosie Casals.

The hallowed Horseshow grass court, venue of the original US National Championships between 1881 and 1914, resembled an Indian wedding party as loud cheers, hoots and whistles celebrated the new inductees.

In a major boost to India's Atmanirbhar Bharat initiative, global aerospace giant Airbus announced plans to set up the Final Assembly Line (FAL) for H-125 helicopters in partnership with Tata by the coming winter. Olivier Michalon, Airbus Executive Vice President of Global Business, stated that the company has identified eight potential sites and will soon finalize the location for the final assembly line.

"We will begin setting up the final assembly line before winter starts in India," Michalon said during a briefing. He emphasized that India represents a significant market for both aircraft and the growing sector of commercial helicopters. "India is the market of the future for helicopters. This is our analysis and our ambition—to be part of this transformation," he added.

Government offices in India have received a mandate to ensure 100 percent solarisation by 2025 under PM Surya Ghar scheme. All government buildings under the administrative control of the Centre, state and Union Territories will need to to be saturated with rooftop solar and an order in this regard has been issued to all Central ministries on Thursday, said a source. The ministries can either install rooftop solar systems through the CAPEX model or RESCO model but it will be taken up on priority.

Earlier this months, the Ministry of New and Renewable Energy (MNRE) had floated operational guidelines for the installation of rooftop solar systems across government buildings under PM Surya Ghar: Muft Bijli Yojana.

Telangana chief minister A Revanth Reddy on Saturday launched the Rajiv Gandhi Civils Abhayahastam scheme, through which the government will provide Rs 1 lakh to aspirants who clear the preliminary examinations of the Union Public Service Commission (UPSC). The scheme is aimed at helping the youth prepare for the UPSC Mains. Singareni Collieries is providing the financial assistance as part of its Nirmaan programme.

Candidates must belong to the General (EWS), BC, SC, or ST categories to avail of the scheme. They must be permanent residents of Telangana and must have cleared the UPSC prelims. Their family income must be below Rs 8 lakh, and they can avail of the financial support only once in their attempt to clear the civil services exam. Candidates employed in permanent positions in central, state, or government sector organisations are ineligible.

While launching the scheme, Revanth Reddy said, “Unemployed youth suffered a lot in the last 10 years due to paper leaks in TGPSC exam. That is why, our government made it their top priority to address the problems of the unemployed. Appointment orders filling 30,000 posts were given within 3 months of coming to power. We also listened to the grievances of the aspirants and postponed the Group 2 exam. Our first priority is to solve the problems of the unemployed. We will conduct the examinations efficiently in a well-planned manner.”

A memorandum of understanding (MoU) was signed on Friday between the Gandhinagar-based Rashtriya Raksha University (RRU) and the NSE International Exchange (NSE IX) for cooperation in the field of economic and financial security.

The MoU was signed at a function in the presence of National Stock Exchange Chief Executive Officer Ashish Kumar Chauhan, Managing Director and CEO of NSE IX Bala V, Pro-Vice Chancellor of RRU Prof Kalpesh H Wandra and university registrar Shishir Kumar Gupta.

Speaking on the occasion, Wandra highlighted the interconnectedness of economic stability and national security, and emphasized how NSE IX has played a crucial role in bridging this gap.

The seventh-seeded Portuguese Nuno Borges eased past tennis royalty Rafael Nadal to win his maiden ATP Tour title at the Nordea Open in Bastad on Sunday.

Nuno beat Rafael Nadal 6-3, 6-2 to clinch victory in the Nordea Open. The seventh-seeded Portuguese displayed a stupendous performance against the 22-time Grand Slam winner, breaking the Spaniard's serve five times to win his maiden tour-level final.

Speaking at the post-match interview, Borges said that it was a 'crazy' moment for him.