Generali said it has completed the acquisition of the entire stake (about 16%) held by Industrial Investment Trust Limited (IITL) in Future Generali India Life (FGIL) and the subscription of additional shares in FGLI, following receipt of all necessary approvals from the relevant regulatory and competition authorities.
Generali now holds a stake of about 68% in FGIL, which may increase further to 71% by the end of 2022, following further subscription of shares by Generali, it said
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There’s a certain rhythmic pattern that defines the design vocabulary of Indian couturier Gaurav Gupta, whose creations have recently been spotted on American rappers Megan Thee Stallion and Cardi B. On Monday morning in India, Gupta’s blue-and-silver ruffled gown made a shared debut with Megan on the red carpet of the 94th Academy Awards.
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India successfully test-fired the Army version of Medium-Range Surface-to-Air Missile (MRSAM) from a defence facility off the Odisha coast on Sunday demonstrating the system’s high killing efficiency.
The state-of-the-art missile was flight tested in full operational configuration from the launching complex – III of the Integrated Test Range (ITR) at Chandipur at about 10.30 am. The missile intercepted an unmanned aerial vehicle achieving a ‘direct hit’.
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Adding to the steps involving indigenous manufacturing in construction of the defence equipment the Ministry of Defence on Monday signed a contract with Goa Shipyard Limited (GSL) for construction of eight Fast Patrol Vessels for Indian Coast Guard at a total project cost of Rs 473 crore.
These surface platforms will be indigenously designed, developed and manufactured by GSL under Buy (Indian-IDDM) Category.
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BJD’s Sulochana Das has been elected as the first woman Mayor of State Capital as the ruling party swept the Bhubaneswar Municipal Corporation (BMC) elections on Saturday.
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This 10-day celebration at the Red Fort focuses on India’s rich history and multiculturalism.
August 15 Park (Lahori Gate) is the venue for this event and hosts makeshift stalls and a giant Ferris wheel.
This 10-day extravaganza, which was unveiled on March 25, is a celebration of the rich cultural heritage of India. Part of the Azadi ka Amrit Mahotsav—an initiative by the government of India to commemorate 75 years of Indian Independence—highlights the country’s diverse crafts, cuisines, and more.
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Indian American Raj Subramaniam would be new Chief Executive Officer of FedEx, according to an announcement made on Monday by the U.S. multinational courier delivery giant.
Mr. Subramanian would replace Frederick W. Smith, chairman and CEO, who will step down from this position on June 1. He will now be its executive chairman.
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India will set up hybrid power projects in three Islands off Jaffna, effectively replacing the Chinese venture cleared by Colombo last year.
The MoU for the project was among those signed during a meeting between visiting External Affairs Minister (EAM) S. Jaishankar and his Sri Lankan counterpart G.L. Peiris late on Monday. It is the third Indian energy project coming up in Sri Lanka’s north and east, after the recent agreements for National Thermal Power Corporation’s solar venture in the eastern Sampur town, and the Adani Group’s renewable energy projects in Mannar and Pooneryn in the north.
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The Gem & Jewellery Export Promotion Council (GJEPC) said that with the signing of India-UAE Comprehensive Economic Partnership Agreement (CEPA), India’s gem & jewellery sector would achieve annual exports of more than $10 billion to UAE.
As per the pact, the import duty on Jewellery exports to UAE from India has been reduced from 5% to 0%. And India is allowed to import from UAE up to 120 tonnes of gold at 1% duty less than the applicable duty in the first year. The volume will increase to 200 tonnes in five years.
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Indian External Affairs Minister, S Jaishankar and Maldives External Affairs Minister Abdulla Shahid signed an agreement on Saturday, March 26, to ensure cooperation from both the countries in the field of education.
The agreement aims towards paving the way for connectivity between India’s National Knowledge Network and the Maldives’ Higher Education Network. Details below
source/content: timesnownews.com