Airtel gives 0.664% stake to Lion Meadow
Bharti Airtel has allotted approximately 36.47 million preference shares to Warburg Pincus related company Lion Meadow at Rs 600 per share with some cash.
It has been allocated to purchase a 20% stake of the fund house in the DTH arm, Bharti Telemedia.
After the transaction, Lionburg Meadow Investment, a related company of Warburg Pincus, will have 0.664% stake in Airtel.
UP Chief Minister will establish 3 PAC Women’s Battalions
Uttar Pradesh Chief Minister, Yogi Adityanath has announced the establishment of three PAC Women’s Battalions in the name of women warriors.
The Provincial Armed Constabulary (PAC) battalion will be established in the name of women warriors – Rani Avantibai Lodhi, Uday Devi and Jhalkari Bai who sacrificed their lives in India’s freedom struggle.
These will be set up in Badaun, Lucknow and Gorakhpur.
Increase in demand for Indian engineering goods
China, Singapore, Germany, Thailand and Italy were among the nine countries that saw high-digit growth in demand for Indian engineering goods in February 2021.
This was specified in a announcement delivered by the Engineering Export Promotion Council of India (EEPC).
In India’s second largest export destination, China, both monthly and cumulative exports registered positive growth.
Two-day Nandini River Festival concludes
The two-day ‘Nandini River Festival’ held on 21 March 2021 on the banks of the Nandini River at Sasihatlu in Mangalore.
The festival featured kayaking, stand-up paddles, traditional boat races, swimming, and other competitions.
The river festival was organized by a village community named ‘Anjaneya Gudi and Vyayam Shala’ in collaboration with the state tourism department.
Bihar: First state with its ethanol policy
Bihar’s Industries Minister Syed Shehnawa Hussain has initiated the ethanol production promotion policy in 2021.
State ethanol policy allows the extraction of ethanol from surplus quantities of corn.
China has the strongest army in the world
According to a study released by the military sector website, Military Direct, China has the strongest military force in the world with a score of 82, while India ranks fourth.
The United States, contempt its huge military budget, derives in second place with 74 points, followed by Russia with 69, India with 61 and then France with 58 points.
The UK came in 9th with a score of 43.
Gram Ujala scheme to provide LED bulbs for Rs 10
Convergence Energy Services Limited (CESL) has started the Village Ujala program.
Under this, in the first phase, high quality energy-efficient LED bulbs will be given in some villages of five states at Rs 10 per piece.
In the first phase of this program, 15 million LED bulbs will be distributed in villages in Bihar, Uttar Pradesh, Andhra Pradesh, Maharashtra and western Gujarat.
India, Japan agrees to cooperate
India and Japan have agreed to mutually act as competent International Search and International Preliminary Examination Authorities (ISA / IPEA) for any international patent application to be filed in each other’s offices.
The agreement was reached during the fourth review meeting between the two in March 2021 under a Memorandum of Cooperation (MoC) on industrial property.
Turkey withdraws from Istanbul conference
Turkey removed from a European treaty on stopping and fighting violence against women and domestic violence.
President Rajab Tayyab Irdugan signed a decree to withdraw from the Istanbul Convention (which was signed in 2011).
Turkey is the foremost country to approve the Council of Europe Conference accepted in Istanbul.
World Meteorological Day: 23 March
World Meteorological Day is experiential every year on 23 March.
It reminds of the conference establishing the World Meteorological Organization coming into force on 23 March 1950.
It shows the essential contribution of the National Meteorological and Hydrological Services to the safety and well-being of the society and is celebrated with programs all over the world.
India’s crude oil capacity at 4-month low
India’s crude oil processing became the lowest in four months in February 2021.
According to provisional government data for March 19, 2021, crude oil capacity in February declined by 8.8% year-on-year to 4.87 million barrels per day (18.62 million tonnes).
On a monthly basis, capacity decreased by 5.6%.
The percentage change varies due to 29 days in February 2020.
Google Vice President Caesar Sengupta resigns
Google Vice President Caesar Sengupta is stepping down after a 15-year tenure at the company.
His last day will be on April 30, 2021.
He has been instrumental in launching and building leading initiatives such as ChromeOS, Next Billion Users and Google Pay.
Sengupta hurled the unveiling of Google Pay in 2015, which has arose as the second most used UPI app in the country after PhonePe.
Government Scheme for Agricultural Entrepreneurs
The center will soon launch a ₹ 5,000 crore scheme to promote entrepreneurship in the animal husbandry sector with the twin objective of increasing productivity and reducing input costs.
The plan will initially run for five years.
It wants to create a chain of entrepreneurs who will breed quality agricultural animals (such as cows, buffalo, goats and pigs) and sell them to farmers.
S. Aramco will prioritize China’s energy supply
Saudi Aramco will safeguard that China’s energy security remnants its top importance for the next 50 years and yonder.
According to data shown by China’s Customs on 20 March 2021, the world’s largest oil exporter, Saudi Arabia, maintained its position as China’s top supplier in the first two months of 2021, with a 2.1% volume increase, 1.86 million barrels per day (bpd) has been exported.
Axis Bank revised the fixed deposit interest rates
Axis Bank has revised the interest rates on fixed deposits (FD), effective from 18 March 2021.
After the latest amendment, Axis Bank has 2.50% on FDs growing between 7 days and 29 days, 3% on FDs maturing between 30 days and less than 3 months, and FDs with maturities ranging from 3 months to 6 months. But is contribution an interest rate of 3.5%.
For a period of 1 year 5 days to less than 18 months, it is 5.10%.