Ujjain enters Guinness Book for lighting more than 11 lakh diyas on Mahashivratri

In Madhya Pradesh, Ujjain entered Guinness Book of World Records for lighting more than 11 lakh earthen lamps simultaneously on the occasion of Mahashivratri. It broke the record of 9 lakh 41 thousand lamps lit in Ayodhya last November. The event was performed in zero waste format. The clay from the lamps will be used to prepare idols, while the…

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T S Ramakrishnan appointed as new MD and CEO of LIC Mutual Fund

LIC Mutual Fund announced T S Ramakrishnan as its Managing Director and Chief Executive Officer. Ramakrishnan took charge from March 1, 2022. In his position, Ramakrishnan will succeed Dinesh Pangtey, its former Wholetime Director and CEO. LIC Mutual Fund is one of the oldest and leading mutual fund operating in India. offer a complete basket of 26 products covering debt,…

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India ranks 3rd in billionaire population globally: Knight Frank

The number of ultra-high-net-worth-individuals (UHNWIs) has globally increased by 9.3% in 2021. Over 51,000 people have seen their net assets increased to US$30m or more. In India, the number of UHNWIs (net assets with US$ 30m or more) has grown by 11% YoY in 2021, the highest percentage growth in APAC, according to Knight Frank’s latest edition of The Wealth…

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Google, MeitY partner to equip Indian startups build apps and games

Google has partnered with the Ministry of Electronics and Information Technology (MeitY) Startup Hub to help 100 Indian startups build high-quality global apps and games. The US-based company has announced the Appscale Academy Class of 2022 that will train these startups on UX design, business model and monetization strategies, international expansion best practices, and data safety and security practices, as…

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Yash Raj Films names Akshaye Widhani as CEO

Film production and distribution company Yash Raj Films has named Akshaye Widhani as chief executive officer. Widhani was serving as senior vice-president, finance and business Affairs and head of operations at YRF Studios. Widhani who joined YRF 17 years ago, has been responsible for setting up and running several business verticals for the company. Points to Note: Akshaye Widhani named…

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Union Bank of India, Ambit Finvest tie-up for co-lending to MSMEs

Ambit Finvest has signed a co-lending agreement with Union Bank of India (UBI) for lending to Micro, Small and Medium Enterprise (MSME) customers. Ambit Finvest is the non-deposit taking Non-Banking Financial Company (NBFC) of the Ambit Group. This tie-up will enable underwriting for enterprises in 11 states that are currently covered by Ambit Finvest. Points to Note: Ambit Finvest agreement…

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Tamil Nadu CM MK Stalin unveils ambitious skill development scheme for students

Tamil Nadu Chief Minister M K Stalin launched an ambitious skill development scheme for students in the state, with the initiative aimed at honing the educational skills, knowledge, talent and efficiency of 10 lakh youth annually. Titled ‘Naan Muthalvan’ (I am first), this was his dream scheme, Stalin said, even as its launch coincided with his birthday. ‘Muthalvan’ also roughly…

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Daily Current Affairs 2nd March, 2022

Daily Current Affairs 2 March 2022 for Banking/Insurance/SSC and other related exams. NATIONAL NEWS Blue Cross flag off country’s first mobile ambulance for street animals’ treatment in TN The Blue Cross of India and Four Paws International inaugurated India’s first fully equipped mobile animal ambulance for stray animals In Chennai, Tamil Nadu. As shelter became overcrowded due to hundreds of sick and injured animals, this ambulance launched…

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