Subhash C. Khuntia has taken charge as Chairman of the Insurance Regulatory and Development Authority of India (IRDAI).
US-based retail giant Walmart has closed the largest e-commerce deal in the world by acquiring a majority stake in the Indian e-commerce platform Flipkart.
According to reports, Walmart will acquire 77% stake in Flipkart for $16 billion, valuing the home-grown start-up at around $20.8 billion.
Noted coach and umpire Arun Bhardwaj will head the Centre of Excellence for Cricket (CEC).
Google has appointed Nitin Bawankule as the country head for Google Cloud India, a cloud platform services to businesses in India.
The 2018 World Robot Conference (WRC) will be held in Beijing, China in August 2018. The event will see over 12,000 competing teams and 50,000 participants from more than 10 countries and regions.
US President Donald Trump’s administration has cancelled NASA’s Carbon Monitoring System (CMS) programme citing reasons of budget constraints and higher priorities within science budget.
NASA’s CMS Programme was meant to track carbon and methane, key greenhouse gases that contribute to global warming.
Reserve Bank of India (RBI) has put state-run lender Dena Bank under prompt corrective action (PCA) framework. It has barred Dena Bank from extending fresh credit in view of deteriorating financial health due to mounting non-performing assets (NPAs) and mounting losses.
It makes Dena Bank first lender to face curbs on lending under PCA framework.
Scientists have discovered world’s second oldest grain of magmatic zircon (a mineral that contains traces of radioactive isotopes) from Champua from Singhbhum rock sample in Odisha’s Kendujhar district. It is an estimated 4,240 million years old. It is oldest magmatic zircon on earth.