Traditional new year festivities are being celebrated in several parts of the country. Festivals of Chaitra Sukladi, Ugadi, Gudi Padava, Cheti Chand, Navreh and Sajibu Cheiraoba are being celebrated with traditional fervour and gaiety. In Telangana, people are celebrating Ugaadi across two Telugu states, Telangana and Andhra Pradesh to mark the beginning of the Hindu Lunar calendar. In Maharashtra, Gudi Padwa signifies the welcoming of spring. The day marks the beginning of Chaitra Navratri, that lead up to Ram Navami.
BSE and India International Exchange (India INX) have signed a memorandum of understanding with Moscow Exchange (MOEX). The MoU has been signed to connect investor community and companies in both countries besides allowing a capital formation platform. BSE and India INX are the first Indian exchanges to enter into the MoU with Moscow exchange. The exchange companies have agreed to the secondment of senior personnel to enhance understanding of activities in each other's market.
Senior US Treasury official David Malpass has been selected as President of the World Bank. The World Bank's executive board unanimously selected 63-year-old Malpass as the bank's 13th President for a five-year. The World Bank President is Chair of Boards of Directors of the International Bank for Reconstruction and Development and International Development Association. Points to Remember Headquarters: Washington, D.C., United States Membership: 189 countries (IBRD); 173 countries (IDA)
Tata Steel has been named as the 'Global Slag Company of the Year' at the 14th Global Slag Conference and Exhibition 2019. The award was presented to Tata Steel for its innovative practices in the development of new applications for Steel by-products (Slag). The award demonstrates global recognition of Tata Steels commitment towards sustainability & circular economy principles. The conference was held in Aachen, Germany. It was one of the largest global annual slag event, attended by major steelmakers, steel mill service providers & associated companies.
Noted economist, Viharidas Gopaldas Patel passed away after a brief illness. He was 79. He was also known as the ‘Father of Entrepreneurship Movement’ in India. In 2017, the Government of India had decorated him with a Padma Shri for his contribution to the entrepreneurship movement. Patel had set up the Entrepreneurship Development Institute of India (EDII) in Ahmedabad in 1983 to work for potential and existing entrepreneurs. EDII is now a globally-recognised institution in this field.