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1. Railways connects India's longest tunnel T-49 in the Katra-Banihal section
In a breakthrough development, the main tunnel of the Katra -Banihal section T-49 was successfully connected between Sumber and Arpinchala stations Once completed, the Udhampur- Srinagar - Baramulla rail link mega project will be the longest tunnel of the #IndianRailways.
2. Hijab isn't a choice but an obligation in Islam, says Zaira Wasim
Zaira Wasim is the latest celebrity to speak up about the ongoing hijab row in Karnataka. The Dangal actress took to Instagram on Saturday, February 19, and shared a long note condemning the ban on hijab in Karnataka schools and colleges. Calling the hijab an obligation to God and not a choice, Zaira said, "I, as a woman who wears the hijab with gratitude and humility, resent and resist this entire system where women are being stopped and harassed for merely carrying out a religious commitment."
3. Tata group announced former #TurkishAirlines chairman Ilker Ayci as the new MD and CEO of Air India.
Ilker Ayci, former chairman of Turkish Airlines, to helm Air India as MD, CEO Tata Sons announced that Ilker Ayci has been appointed the CEO & MD of Air India. The Air India board met this afternoon to consider the candidature of Ilker Ayci. N Chandrasekaran, Chairman of Tata Sons, was a special invitee to this board meeting.
4. ISRO launched a PSLV with two smaller co-passenger satellites. This is ISRO’s first launch mission of 2022
Marking the first launch mission of the year 2022, the Indian Space Research Organisation's earth observation satellite EOS-04 and two small satellites were successfully placed into the intended orbit by the PSLV-C52 rocket on Monday, a feat described by the ISRO as a "marvelous accomplishment".
5. The much-talked-about LICIPO is set to hit the capital market in March. The government will sell over 31 crore equity shares of LIC according to the draft red herring prospectus.
The DRHP of LIC IPO has been filed today with the SEBI," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted.
The government aims to come out with the IPO and subsequent listing of Life Insurance Corporation (LIC) on bourses by March. A portion of the IPO would be reserved for anchor investors. Also, up to 10 percent of the LIC IPO issue size would be reserved for policyholders.
6. Nasdaq sinks into Death Cross for the first time since April 2020
The Nasdaq Composite Index tumbled into an ominous “death cross” technical formation Friday for the first time since April 2020, when the pandemic battered the global economy and U.S. equity markets swooned.
7. Metaverse to push data usage by 20 times in next 10 years
According to the report, while 5G will support the metaverse ecosystem, the emergence of 6G will
enhance metaverse use cases. Augmented reality technologies are expected to see a boom as
these are the ones that are required for accessing the metaverse.
Top ten companies developing metaverse in 2022 :
- META
- NVIDIA
- Epic Games
- Microsoft
- Apple
- Decentraland
- Roblox Corporation
- Unity Software
- Snapchat
- Amazon
8. Fed bank Financial services Limited (Fed Fina) has filed the draft red herring prospectus (DHRP)for its IPO with SEBI
The IPO includes a fresh issue of aggregating up to Rs 900 crore and OFS of up to 45,714,286 equity shares by the company's promoter and investor according to DHRP.
9. Tata Technologies to hire additional 1,000 people in FY23 to support growth
Tata Technologies, global engineering, and product development digital services firm will hire at least 1,000 more people in FY 2023.
10. Over 15,000 startups, 2,00,000 jobs in new tech in Kerala within next 5 years: CM Pinarayi Vijayan
11. IIT Roorkee launches KISAN mobile to send agricultural advice
IIT Roorkee under Gramin Krishi Mausam Sewa's (GKMS) project has launched the ‘KISAN’ mobile app for dissemination of Agromet Advisory Services. KISAN app created by IIT Roorkee Dr. K K Singh, Additional Director General Meteorology, IMD, New Delhi apprised that the block-level weather forecast and weather-based Agromet Advisory Bulletins are being provided to the farmers for all six blocks of Haridwar district by the AMFU Roorkee every Tuesday and Friday regularly. Farmers can now easily access these bulletins on their mobile phones through the 'Kisan' App. He said that the special feature of the 'KISAN' App is that the weather forecast and advisory bulletin will be displayed only for the block selected by the farmer
12. PLI scheme for the auto industry to create 7.5 lakh jobs in next 5 years
The PLI scheme for the auto industry and auto components sector will lead to the creation of 7.5 lakh additional jobs over the next five years. As per a top official, the PIL scheme or the Production Linked Incentives Scheme for the automobile and auto components sector will lead to the creation of 7.5 lakh additional jobs along with an incremental production worth Rs 2,31,500 crore over the next five years. Among the 20 companies that will be eligible for receiving incentives under the PIL scheme are Ford, Tata Motors, Suzuki, Hyundai, Kia, and Mahindra and Mahindra.
13. Big Basket acquires Kerala-based startup Agrima Infotech
Agrima Infotech cofounder and CEO Balakrishnan said his startup joining hands with BigBasket will redefine the offline shopping experience in the country.
14. Tata Group brands touch all online shoppers; Tata Digital will stitch all assets: Mukesh Bansal
The group -- which will be competing head-on with Mukesh Ambani's digital business, Amazon, and the Walmart-owned Flipkart -- will be making announcements on how it goes about the job in the coming months, Bansal said, speaking at the annual NTLF event. The Tata group has consumer-facing brands like Titan, Tanishq, Westside, Zara, Chroma, Taj Hotels, Tata Sky and now commands a 35-market share with three airline brands. "We have a lot of these assets and a huge number of consumers who overlap significantly with pretty much all the people who spend money online in the country. The group has a brand, relationship, and deep pedigree of expertise across a much broader spectrum of category and that is what gives us a right to play," Bansal said. "The whole endeavor of Tata Digital is how do we bring all these assets together and stitch a unified value proposition," he added without elaborating.
15. Investor losses in Paytm, Nykaa, PB & Zomato mount to Rs 1.3L Cr since Day 1
Paytm has lost nearly two-thirds of its value as the IPO at issue price had sought a valuation of about Rs 1.39 lakh crore. Investor patience is being put to the test, as earnings misses, supposedly rich valuations and a sharp fall in technology stocks globally sent shares of a few new-age companies tumbling on Dalal Street. The sentiment is so fragile that four companies, namely One 97 Communications (Paytm), FSN E-Commerce (Nykaa), Zomato, and PB Fintech (Policy bazaar), who together commanded Rs 3.58 lakh crore in market value on Day 1 of their listings, have eroded Rs 1.30 lakh crore worth of investor wealth so far. This is even as a few brokerages find the recent selloff unwarranted.
16. Maaza bigger than Coke with Rs 2,826 Cr sales in FY21, Limca at Rs 2,061 Cr
Fruit drink brand Maaza had reported total sales of Rs 2,826 crore in FY21 in the domestic market, which is higher than the sales of Coke in India, according to a top company official. Limca, a lemon and lime-flavored carbonated soft drink brand, had recorded total sales of Rs 2,061 crore in FY21.
Co-Coordinator’s: Editors:
Surya Kaivalya Balasubrahmaniam
Balasubrahmaniam Surya Kaivalya
Bhagyasree
Vasanth Kumar
Uttara Kumari
Anagha
