Airbus has appointed Jürgen Westermeier, the current Executive Vice-President and Chief Procurement Officer, as the new head for India and South Asia. He takes over from Rémi Maillard, who is transitioning to a global leadership role at Airbus. Key Details: Expanded Role: In his new role, Westermeier will oversee Airbus’s operations across commercial aircraft, defense … Read more
Eight major cooperatives unite to launch ‘Bharat’ Taxi with ₹300 crore capital, offering a cooperative ride-hailing alternative to Ola and Uber by end of 2025. Who is Behind ‘Bharat’ Taxi? What Sets ‘Bharat’ Taxi Apart? Technology and Strategy Development A Cooperative Model for the Future Key Takeaways for Competitive Exams:
The World Health Organization (WHO) has officially classified Hepatitis D as a carcinogen. This decision emphasizes the critical role of the Hepatitis B vaccine in providing protection and preventing co-infection. Learn more about the significance of this classification and the importance of vaccination in safeguarding against these viruses. What Makes Hepatitis D Dangerous? How Does … Read more
BharatGen AI will ensure support for all 22 Indian scheduled languages by June 2026, fostering digital inclusivity and AI accessibility nationwide. Overview The Indian government plans to integrate all 22 languages mentioned in the Eighth Schedule of the Constitution into the BharatGen AI platform by June 2026. This move, announced by Union Minister Dr. Jitendra … Read more
India saw a remarkable 47% year-on-year growth in electronics exports in the first quarter of FY26, reaching $12.4 billion. The surge was led by mobile phones, showcasing India’s emergence as a key global electronics manufacturing hub. Mobile Phones: The Star Performer Growth in Non-Mobile Electronics Sector-Wide Trends and Projections Key Takeaways for Competitive Exams:
In the 95th round of RBI’s Survey of Professional Forecasters, it is predicted that India’s merchandise imports will increase by 2.5% while exports will only rise by 1.2% in FY26. This forecast indicates a potential widening trade gap, leading to a current account deficit of 0.8% of GDP. Key Forecasts: Imports Outpacing Exports The imbalance … Read more
In a strategic move to bolster its global footprint, Tata AutoComp Systems Ltd, a prominent Indian auto components manufacturer, is set to acquire Slovakia-based IAC Group through its British subsidiary, Artifex Interior Systems Ltd. This acquisition marks a significant leap for Tata AutoComp in expanding its reach in Europe’s automotive market. About the Acquisition While … Read more
India’s largest life insurer, Life Insurance Corporation of India (LIC), reported a 5% rise in Q1 FY26 net profit to ₹10,987 crore. Premium income surged, NPAs reduced, and solvency ratio increased amidst regulatory changes. Premium Income and Policy Mix Improved Financial Health and Asset Quality Strong AUM and Market Position Key Takeaways for Competitive Exams:
In a significant move to address India’s housing shortage while promoting sustainability, the International Finance Corporation (IFC) partners with HDFC Capital Advisors to introduce a $1 billion fund dedicated to green affordable housing. The H-DREAM Fund, backed by IFC with a $150 million investment, aims to revolutionize urban housing development in India. The H-DREAM Fund: … Read more
The Parliament of India has recently passed the Carriage of Goods by Sea Bill, 2025, as a significant step towards modernizing the country’s maritime trade laws. This move aims to enhance the ease of doing business and streamline shipping trade regulations. Key Features of the New Bill Promoting Ease of Doing Business Economic Impact and … Read more
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