The Competition Commission of India (CCI) on Friday approved the merger of Vistara with Air India as well as allowed Singapore Airlines to acquire 25.1% stake in the erstwhile national carrier.
The CCI announced the decision through a post on X (formerly Twitter).
With this CCI nod, Air India has completed a major regulatory procedure towards becoming a company that comprises four airlines, including AirAsia India and Air India Express apart from Vistara.
Bajaj Auto's subsidiary, Bajaj Auto Consumer Finance, has received the Certificate of Registration from the Reserve Bank of India (RBI) to start the business of the non-banking finance company (NBFC), the company informed the stock exchanges in its filing on September 1, according to MoneyControl reports.
In the exchange filing, Bajaj Auto said, “We would like to inform you that Bajaj Auto Consumer Finance Limited, the wholly-owned subsidiary of Bajaj Auto Limited, has received on 31 August 2023 from RBI a Certificate of Registration, bearing No. N-13.02465 dated 29 August 2023 under section 45-IA of the Reserve Bank of India Act, 1934 to commence/carry on the business of nonbanking financial institution without accepting public deposits, subject to the conditions given in the said certificate."
Reserve Bank of India (RBI) Governor Shaktikanta Das has been rated ‘A+’ in the Global Finance Central Banker Report Cards 2023, the central bank said on Friday.
Taking to X (former Twitter), RBI said," We are happy to announce that Governor Shaktikanta Das has been rated “A " in the Global Finance Central Banker Report Cards 2023. Das has been placed at the top of the list of three central bank governors who have been rated A ."
Bajaj Allianz Life has launched a unique fund proposition in the ULIP segment. Bajaj Allianz Life’s Dynamic Asset Allocation Fund offers customers the opportunity to allocate between equity and debt, dynamically. The benchmark index is Crisil Dynamic Asset Allocation Index (45% Equity, 45% Debt, and 10% Liquid).
The asset allocation (between debt and equity) of the fund will be more dynamic/active in nature. It is based on an in-house quantitative model with limited qualitative input from the fund manager and aims to optimize risk return. This investment strategy will help to minimize volatility and downside risk during market corrections.
Indian-origin Singapore economist Tharman Shanmugaratnam has won the Presidential election in the country. Tharman Shanmugaratnam defeated two contenders of Chinese origin in the country's first contested presidential polls since 2011.
In the presidential elections, Tharman Shanmugaratnam secured 70.4 per cent votes. The other contenders – Ng Kok Song and Tan Kin Lian – who contested against Tharman Shanmugaratnam bagged 15.7 per cent and 13.88 per cent votes, respectively.
The Ministry of Information and Broadcasting (MIB) on Friday appointed actor R Madhavan as the president of the Film and Television Institute of India (FTII) Society and chairperson of the governing council.
The tenure of former president director Shekhar Kapur ended on 3 March, 2023.
“Mr R Madhvan has been appointed the President of FTII Society and Chairman of the Governing Council. The decision has been formally conveyed to us by the Ministry,” said FTII registrar Sayyid Rabeehashmi.
The government on Friday launched a new scheme called ‘mera bill mera adhikaar’ to encourage consumers to insist on invoices at the time of purchase.
The scheme introduced in Haryana, Assam, Gujarat and the union territories of Dadra and Nagar Haveli, Daman and Diu and Puducherry offers consumers a chance to win ₹1 crore, ₹10 lakh and ₹10,000 as incentive.
Inception, a unit of Abu Dhabi AI company G42, has released 'Jais', the world's most advanced Arabic large language model . Jais is a bilingual Arabic-English model that has been trained on a massive dataset of text and code. It can be used for a variety of tasks, such as machine translation, text summarization, and question answering.It was trained on the Condor Galaxy, the world's largest AI supercomputer, using 116 billion Arabic tokens and 279 billion English tokens. It is also open-source, which means that anyone can use it or contribute to its development. Jais is available to download on the Hugging Face machine learning platform.
An anti-cancer jab that can cut down treatment time for some by three quarters has been rolled out by National Health Service (NHS) England, the U.K.'s publicly funded healthcare system.
The jab takes as little as 7 minutes to administer, NHS England said in a statement, adding that it will be the first health system in the world to roll out the seven-minute injection to hundreds of NHS cancer patients each year.
The Tripura government has initiated efforts to install pink toilets for women in urban areas, Chief Minister Manik Saha said.
Asserting that the BJP-IPFT government has been giving priority to women’s safety and comfort, he said the number of self-help groups (SHGs) has risen from over 4,000 in 2018 to 50,000 in 2022.