IDFC FIRST Bank has unveiled Ace Feature on its premium Mobile Banking App, that provides relevant insights and tools to allow investors make an informed Mutual Fund investment decision. This feature aims to empower an individual with 'do-it-yourself' investing, digitally.

The ACE Feature on the IDFC FIRST Bank app provides rich and useful details on more than 2500 Mutual Funds in India. Investors can browse through various fund categories (like Equity, Debt, Tax-Saving, Hybrid, and Index funds) and choose the right need-based fund to build a diversified portfolio.

IDFC FIRST Bank Customers can also access detailed information - like historical fund performance (1Y, 3Y & 5Y), holding patterns (by sectors, companies, and market cap), and expert ratings on each fund (Morningstar Rating).

Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 company, has announced the launch of the 'Emerge' cohort under the BPCL Ankur Fund to support startups in Energy Efficiency and City Gas Distribution (CGD). This reinforces BPCL's contribution towards India's transition to a greener and more efficient energy future through its commitment to fostering sustainability and innovation in the oil and gas sector.

Since its inception in 2016, BPCL through its startup initiative 'Ankur' has supported 30 startups with grants amounting to approximately Rs. 28 crores.

With the launch of the 'Emerge' cohort, BPCL through its 'BPCL Ankur Fund' aims to make investments in startups that have developed a Proof of Concept (PoC)/ prototype/ Minimum Viable Product (MVP), or fully implemented solution in the Oil & Gas sector or any other industry and are now ready to expand into Oil & Gas.

The International Day of Happiness, celebrated on March 20, is a day to promote happiness as a key factor in leading a healthy and disease-free life. Recognized by the United Nations (UN), happiness is considered a fundamental objective of human life. The UN prioritizes the importance of happiness, advocating for governments and international organizations to nurture the conditions that foster happiness, protect human rights, and incorporate well-being and environmental sustainability into policy frameworks, as outlined in the 17 Sustainable Development Goals (SDGs).

The UN stresses that governments should uphold peace and social order, ensuring efficiency in areas such as taxation, legal systems, and public service delivery to increase citizens’ overall satisfaction. In line with this goal, the UN declared March 20 as the International Day of Happiness in 2012.

Markets regulator Sebi on Wednesday partnered with DigiLocker, a government-backed digital document storage platform, to reduce unclaimed assets in the Indian securities market and enhance investor protection.

The initiative will help investors store and access information on their demat and mutual fund holdings through DigiLocker benefiting investors and their families.

Under this, DigiLocker users can now fetch and store their statement of holdings for shares and mutual fund units from their demat accounts, along with their Consolidated Account Statement (CAS), Sebi said in a circular.

This expands the existing DigiLocker services, which already include bank account statements, insurance policy certificates, and NPS account statements.

The union cabinet on Wednesday approved the incentive scheme for the promotion of low-value BHIM-UPI transactions (P2M) for the financial year 2024-25. The scheme is designed to encourage the adoption of the BHIM-UPI platform among small merchants and aligns with the government’s broader vision of transitioning towards a less-cash economy.

The initiative, with an estimated outlay of Rs 1,500 crore, will be implemented from April 1, 2024, to March 31, 2025. The focus will be on low-value UPI transactions, specifically those under Rs 2,000, conducted by small merchants.

Under the scheme, small merchants will receive an incentive of 0.15% per transaction for transactions up to Rs 2,000, while large merchants will not be eligible for this incentive. For each quarter, 80% of the admitted claim amount will be disbursed without any conditions. However, the remaining 20% will be contingent upon meeting specific performance criteria. This includes maintaining a technical decline rate of less than 0.75% and ensuring system uptime greater than 99.5%.

The Union Cabinet, on Wednesday (March 19, 2025), approved the proposal for setting up of a new Brownfield Ammonia-Urea Complex at Namrup in Assam, with an estimated total project cost of ₹10,601.40 crore. The project will have a capacity of producing 12.7 Lakh Metric Tonnes (LMT) of Urea annually and the new complex within the existing premises of Brahmaputra Valley Fertilizer Corporation Limited.

The Debt Equity ratio of the joint venture will be 70:30 and the tentative overall time schedule for commissioning of the project is 48 months. “Additionally, the Cabinet also approved the National Fertilizers Limited (NFL)’s equity participation of 18% in relaxation to the limits prescribed in Department of Public Enterprises (DPE) guidelines; and constitution of an Inter-Ministerial Committee (IMC) to oversee the process of setting up of Namrup-IV Fertilizer Plant,” the Fertilizers Ministry said in the statement.

In an exciting scientific breakthrough, researchers have successfully turned light into a "supersolid" for the first time ever. This innovative achievement opens up new possibilities in the field of physics, where light, typically considered a form of energy, has now been transformed into a solid-state material with extraordinary properties.

The experiment, conducted by a team of scientists, has resulted in a novel phase of matter, combining the characteristics of both solids and superfluids. This "supersolid" formed by light could have wide-ranging applications, potentially revolutionising fields like quantum computing, materials science, and energy storage, researchers explained in a paper published March 5 in journal Nature.

"We can imagine the supersolid as a fluid composed of coherent quantum droplets periodically arranged in space, which are able to flow through an obstacle without undergoing perturbations, maintaining their spatial arrangement and mutual distance unchanged as happens in a crystalline solid", says Iacopo Carusotto, co-author of the study and researcher at National Institute of Optics (CNR-INO).

In a major step toward modernizing parliamentary processes, the Lok Sabha Secretariat and the Ministry of Electronics and Information Technology (MeitY) signed a Memorandum of Understanding (MoU) to develop the Sansad Bhashini initiative on Tuesday. This ambitious project aims to leverage cutting-edge artificial intelligence (AI) to enhance multilingual support, streamline parliamentary operations, and improve access to vast archives of parliamentary debates and records, according to an official statement from the Ministry of Finance on Tuesday.

The MoU was signed in the presence of Lok Sabha Speaker Om Birla and Union Minister for MeitY, Ashwini Vaishnaw. The initiative will make it easier for Members of Parliament (MPs), researchers, and academics to access documents and data in multiple languages, reinforcing linguistic diversity and accessibility.

As part of the collaboration, the Lok Sabha Secretariat and MeitY will integrate parliamentary data with AI tools. The extensive parliamentary corpus will be used for developing AI solutions, while Bhashini, a MeitY initiative, will provide the necessary translation capabilities and technical expertise.

The Ministry of Electronics and Information Technology (MeitY), in partnership with Drone Federation India (DFI), has launched the National Innovation Challenge for Drone Application and Research (NIDAR) as part of the ‘SwaYaan’ initiative, focusing on building human resource capacity in Unmanned Aircraft Systems (UAS). The initiative was announced in an official statement by MeitY on Tuesday.

The launch event, held at Electronics Niketan, MeitY, was attended by government officials, industry leaders, and students from across the country via video conferencing. S. Krishnan, Secretary of MeitY, inaugurated the challenge by unveiling a concept video, launching the official website and registration portal (https://nidar.org.in), and releasing the NIDAR poster and rulebook.

In his keynote address, Krishnan highlighted the transformative potential of drones across key sectors such as agriculture, disaster management, logistics, healthcare, and infrastructure. He stressed that the NIDAR initiative would significantly contribute to India’s goal of becoming a global drone hub by 2030. “The NIDAR program is crucial to advancing drone technology on a larger scale and fostering the innovation required to tackle real-world challenges,” said Krishnan.

A dense shrub with light purple flowers found in the Agasthyamala Biosphere Reserve in Kerala’s Thiruvananthapuram district has been confirmed as a distinct species of the genus Uniyala. The botanically significant development is also interesting in that a specimen of this plant was first collected by researchers 27 years ago.

Researchers have named the new species, which is endemic to southwest India, Uniyala keralensis (family Asteraceae) after the State of Kerala.

E.S. Santhosh Kumar and S.M. Shareef at the Jawaharlal Nehru Tropical Botanic Garden and Research Institute (JNTBGRI), Palode, had collected a specimen in 1998 on one of their field exploration trips. In the years that followed, more specimens were gathered from different parts of the biosphere reserve which is located towards the southern end of the Western Ghats, a global biodiversity hotspot.