BioAsia 2021 Forum meet inaugurated

Shankar School of Banking February 23 , 2021 23

NATIONAL NEWS

BioAsia 2021 Forum meet inaugurated

  • The two-day BioAsia 2021 Forum was inaugurated by Telangana Minister for Industries and Commerce & IT KT Rama Rao.
  • BioAsia is an event focusing on biotechnology and bio industries all across the world.
  • The event aims to enhance, encourage and enrich latest innovations, technologies and discoveries in the field of biotechnology.
  • The theme of BioAsia Summit 2021 is “Move the Needle”, held in Hyderabad.
  • Bharat Biotech won the Genome Valley Excellence Award 2021 during the event.

 

PM inaugurated Rail Projects in Bengal

  • Prime Minister Narendra Modi inaugurated railway projects worth ₹3000 crore in West Bengal.
  • This involves the Extension of Metro line, doubling of Azimganj-Khagraghat road section, passenger and freight movement between Howrah and Mumbai.

 

BUSINESS NEWS

K-Shaped Recovery in Realty Sector

  • A report says that the residential realty sector in India is undergoing a K-Shaped Recovery.
  • The K-Shaped recovery is occurred when only few big market players can thrive while small investors are affected.
  • In Indian Realty Sector, the access to credit and demand consolidation helped the large players grow and the small rival companies are struggling.

 

Investment through P-Notes dipped

  • Investment through Participatory notes in the Capital Market is reduced to ₹84,976 crore on 31st January 2021.
  • The P-Note investment hit the 31-month high on December 31st, 2021 at ₹87,132 crore.
  • P-Notes are issued by the Foreign Portfolio Investors to overseas investors who wish to participate in the Indian Stock Markets without registering themselves directly.

 

AWARDS

Sir Jehangir Ghandy Medal

  • Prestigious Sir Jehangir Ghandy Medal for Social and Industrial Peace was awarded to Sanjiv Mehta by XLRI-Xavier School of Management.
  • Sanjiv Mehta is the Chairman and the Managing Director of Hindustan Unilever.

 

APPOINTMENTS

Chairman of Shriram Capital

  • Former Civil servant KP Krishnan has been appointed as the Chairman of Shriram Capital.
  • Shriram Capital is the financial services and insurance entity in the Shriram Group.
  • KP Krishnan has held key positions in several Ministries of Government of India.

 

Chairman of Jindal Power

  • Jindal Power has appointed Anil Kumar Jha as the new Chairman.
  • Anil Kumar Jha was the former chief of Coal India.
  • Jindal Power is the subsidiary of Jindal Power and Steel.

Datewise Archives - Current Affairs