Delhi Ranks 350 in Oxford Global Cities Index Report 2024
Delhi was placed 350 in the Oxford Economics Global Cities Index 2024, making it the highest ranked Indian city. The ranking compares the world's 1000 cities.
Bengaluru, India's IT hub, stood at 411, higher than the country's financial capital Mumbai, which stood at 427.
On the other hand, Sultanpur in Uttar Pradesh ranked last in the index, at 1000th place.
the Global Cities Index Report is an annual report that ranks roughly 1,000 largest cities across the world, spanning 163 different countries in five crucial categories.
The index is calculated based on scores across categories such as Economics, Human Capital, Quality of Life, Environment, and Governance. These scores are combined to generate an overall rank for each city. In 2023, cities in the report accounted for 60% of global GDP and 30% of the world's population.
Once again, New York achieved the highest ranking in all five categories with a score of 100, followed by London and San Jose securing the 2nd and 3rd positions, respectively.
Bandhan Bank Seeks External Candidate for CEO Role as Ghosh Set to Retire
Kolkata-based Bandhan Bank is considering an external candidate to succeed Managing Director and Chief Executive Officer (MD and CEO) Chandra Shekhar Ghosh, who announced his scheduled retirement on July 9.
In April, the bank appointed headhunting firm Egon Zehnder to search for candidates for the CEO position.
RITES Signs Pact with Bangladesh Railway to Supply 200 Passenger Coaches
State-owned RITES Ltd signed a contract with Bangladesh Railways to supply 200 broad-gauge passenger carriages to the neighbouring country.
The export arm of Indian Railways, RITES, won the $111.26 million (approximately Rs. 915 crore) contract, funded by European Investment Bank, through a global competitive bidding process.
Besides supply, RITES will offer its expertise in design, spare parts support and training as per the terms and conditions of the contract.
The contract has a supply with a commissioning period of 36 months, followed by a warranty period of 24 months.
RITES Ltd, formerly known as Rail India Technical and Economic Service Limited, is a Navaratna central public sector undertaking under India's Ministry of Railways. It was incorporated on April 26, 1974.
It is headquartered in Sector-29, Gurgaon, Haryana, India.
Samsung Replaces Chip Chief with Veteran Executive Jun as SK Hynix Takes AI Lead
Samsung Electronics replaced the chief of its semiconductor division in a bid to overcome a chip crisis, amid a booming market for AI chips where the world's biggest memory chipmaker has lagged peers.
The South Korean manufacturer appointed Young Hyun Jun effective immediately, shifting him from the role as head of its future business planning unit.
The move is likely aimed at catching up in the market for top-end chips used in artificial intelligence such as high bandwidth memory (HBM) chips, an area where Samsung has fallen behind rivals such as SK Hynix.
Europe Sets Benchmark for Rest of the World with Landmark AI Laws
Europe's landmark rules on artificial intelligence will enter into force next month (June 2024) after EU countries endorsed a political deal reached in December 2023, setting a potential global benchmark for a technology used in business and everyday life.
The European Union's AI Act is more comprehensive than the United States' light-touch voluntary compliance approach while China's approach aims to maintain social stability and state control.
The vote by EU countries came two months after EU lawmakers backed the AI legislation drafted by the European Commission in 2021 after making a number of key changes.
This landmark law, the first of its kind in the world, addresses a global technological challenge that also creates opportunities for our societies and economies.
World Para Athletic C'ships 2024: Ekta Wins Gold with Season's Best Effort in Club Throw
India's Ekta Bhyan secured the gold medal with a season's best throw of 20.12m in the women' F51 club throw competition at the World Para Athletic Championships.
A day after Deepthi Jeevanji clinched the gold medal in women's 400m T20 category race, Indian athletes continued their impressive run with Ekta producing the goods to finish in the top, while Kashish Lakra took the silver with an effort of 14.56m.
Ekta, a Haryana Civil Services (HCS) officer, had won a bronze medal in the Asian Para Games China.
She who took up sports after her selection in the Haryana government as HCS officer, also won gold medal in the club throw event at the 2018 Asian Para Games in Jakarta. She had also qualified for the Tokyo 2020 Paralympics.
T20 World Cup 2024: Afghanistan Announce Former CSK Star as Bowling Consultant
Afghanistan announced former West Indies all-rounder Dwayne Bravo as their bowling consultant for the T20 World Cup 2024. The T20 WC, scheduled to start from June 1, is being hosted jointly by the USA and Caribbean. Afghanistan is placed in Group C with New Zealand, Papua New Guinea, Uganda and West Indies.
3,300 CISF Contingent Takes Full Charge of Parliament Security; CRPF Exits
More than 3,300 CISF personnel took over the complete counterterrorism and anti-sabotage security duties at the Parliament complex following the withdrawal of over 1,400 CRPF staff from the country's most important symbol of democracy.
The parliament duty group (PDG) of the CRPF wound up its entire administrative and operational paraphernalia — vehicles, weapons and commandos — from of the complex and its commander, a deputy inspector general (DIG)-rank officer, handed over all the security points in the complex to the incoming CISF group.
BARC Appoints Dr. Bikramjit Chaudhuri as Chief of Measurement Science
The Broadcast Audience Research Council (BARC) India appointed Dr. Bikramjit Chaudhuri as Chief of Measurement Science and Analytics. He succeeded Dr. Derrick Grey, who left the organisation after a six-year stint.
Dr. Chaudhuri holds a Ph.D. from IIT Bombay and a Master of Statistics degree from the Indian Statistical Institute, Delhi. He brings with him a wealth of experience spanning over three decades in diverse fields such as Statistics, Stochastic Modelling, Market Measurement, Consumer Segmentation, Artificial Intelligence (AI) & Machine Learning (ML), Demand Forecasting, and Big Data Analytics. He has several research papers, publications, and patents to his credit in these areas.
International Day for Biological Diversity is celebrated on May 22 annually.
The International Day for Biological Diversity (IDB) was established in 1993 by the United Nations General Assembly. The IDB is celebrated annually on 22 May to increase understanding and awareness of biodiversity issues. The IDB was established in response to the growing concern about the loss of biodiversity. Biodiversity is essential for human life and well-being. It provides us with food, shelter, and other essential resources. It also regulates our climate, purifies our water, and enriches our cultural heritage.
The theme for this year's (2024) International Day for Biological Day Diversity is 'Be part of the plan'.
ISB Executive Education to Launch Chief Digital and AI Officer Programme
ISB Executive Education announced the launch of the Chief Digital and AI Officer programme along with Emeritus. This is the first-of-its-kind programme launched by any Indian academic institution.
The Chief Digital and AI Officer programme is a 30-week online course designed to cater to senior professionals at CXO levels and mid to senior professionals at pre-CXO levels.
It seeks to empower seasoned digital transformation leaders with the expertise to strategically harness digital technologies and AI advancements for organisational advancement and innovation. Through this programme, participants can navigate organisational hurdles, lead impactful digital initiatives, and instigate profound, sustainable change within their organisations.
SC Student Enrolment Sees 44% Increase from 2014 to 2022
The National Commission for Backward Classes (NCBC) reported a significant increase in student enrolment under various categories from 2014-15 to 2021-22. According to the data shared by the NCBC, enrolment of students from the Scheduled Caste (SC) category rose by 44 per cent, from 4.61 million to 6.62 million. Minority female student enrolment also saw a notable increase of 42.3 per cent, growing from 1.07 million to 1.52 million during the same period.
NCBC Chairman Hansraj Gangaram Ahir highlighted the government's efforts in enhancing the constitutional rights of Other Backward Classes (OBCs). The data showed that female SC enrolment increased by 51 per cent, while the enrolment of Scheduled Tribe (ST) students grew by 65.2 per cent, from 1.641 million to 2.71 million, with female ST enrolment increasing by 80 per cent.
Artara'24 Fine Arts Exhibition & Competition Makes Its Mark in Dubai
The Artara'24 Fine Arts Exhibition and Competition made its mark in Dubai as a platform for discovering and nurturing emerging artistic talents from the country. The event aimed to discover hidden artistic gems, with a particular focus on the Indian talent residing in Dubai. The event aimed to provide a prestigious stage for lesser-known artists, students, and art enthusiasts to showcase their extraordinary abilities and connect with fellow creative minds.
Held at the Al Jalila Cultural Centre, a venue under the Dubai Cultural Center, Artara'24 featured an impressive collection of over 250 pieces of art, each telling its own unique story and reflecting the diverse backgrounds and perspectives of the talented participants. The exhibition proudly showcased artworks from multi-national artists, with many exhibiting their work for the first time, making this event a significant milestone in their artistic journey.
India's Global Travel & Tourism Index Rank up at 39th: WEF Index
India's rank on the World Economic Forum's Travel & Tourism Development Index 2024 has risen to 39th place, with global tourism activities returning to pre-pandemic levels, the annual report showed. While the US topped the list, India is ranked highest in South Asia and among the lower-middle-income economies.
India was ranked 54th in the previously published index in 2021, though changes made to the index parameters limit its comparability to earlier years.
After the US, Spain, Japan, France and Australia figure among the top five in the 2024 list.
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