L. Duraiswamy designated as new MD of Sundaram Home Finance
April 2, 2020
- Lakshminarayanan Duraiswamy has designated as the new Managing Director of the Sundaram Home Finance.
- He has taken place of Srinivas Acharya who was serving as the Managing Director of Sundaram Home Finance since 2010.
World Bank contributes $1 billion to India for its project against COVID-19
April 2, 2020
- The World Bank has contributed $1 billion to the Indian government for India’s COVID-19 emergency response and health systems preparedness project.
- The project will respond and lessen the COVID-19 threat and strengthen national systems for public health preparation in India, as per the project document.
Indian Bank launches 3 new products for farmers and poultry workers.
April 3, 2020
- To support farmers and poultry workers during the COVID-19 outbreak, Indian Bank has launched the following 3 new products.
- IND COVID emergency Agro-processing Loan: Agro-processing units can avail 10% of the working capital
- IND Covid Emergency poultry loan scheme: Poultry sector can avail 20% of the working capital.
- IND KCC Covid Sahaya Loan: Farmers having Kisan Credit card facility can avail 10% of the limit as soft loan.
- SHG Covid Sahaya Loan: Women members of Self Help Groups can avail loan of Rs. 5000 each repayable in easy instalments.
Multi-feed oxygen Manifold designed by Visakhapatnam Naval dockyard
April 3, 2020
- Portable multi-feed oxygen manifold has been designed by the Visakhapatnam based Naval Dockyard.
- This portable system ca deliver oxygen to multiple patients at a time.
MOU signed between Wipro3D and SCTIMST for manufacturing ventilators
April 3, 2020
MOU has been signed between Wipro3D and Sree Chitra Trinual Institute for Medical Sciences and Technology for the manufacturing of ventilators to tackle any sudden rise in demand due to COVID-19.
USD 100 million green bonds listed in India INX by SBI
April 3, 2020
- Green Bonds worth 100 million has been listed by State Bank of India on Bombay Stock Exchange’s India International Exchange(India INX).
- Green bonds are debt securities issued by financial, non-financial or public entities where the proceeds are used to finance 100 per cent green projects and assets.
- India now has the second-largest emerging green bond market after China.
Bio suit” Personal Protective Equipment” launched by DRDO
April 3, 2020
- A bio Suit named ” Personal Protective Equipment” has been launched by Defence Research and Development Organisation(DRDO)
- DRDO has made this suit by keeping special focus on doctors that are treating crona positive patients to save them from infection.
“Watson Assistant for citizens” AI bot by IBM launched
April 3, 2020
- IBM has launched an Artificial intelligence based platform named ” Watson Assistant for Citizens” to address queries related to COVID-19.
- It uses Natural Language Processing and Artifical intelligence to learn and create a suitable response to the queries of the users.
Bob Weighton is the world’s oldest man alive
April 3, 2020
- Bob Weighton from United Kingdom is designated as world’s oldest man alive by the Guinness world Records.
- He received this title after Mr. Chitesu Watanabe of Japan passed away.
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