China Approves $137-Billion Mega Dam Near Indian Border
China approved the construction of the world's largest dam on the Yarlung Zangbo (Brahmaputra) in Tibet, close to the Indian border. Estimated at $137 billion, this project raises strategic and environmental concerns for India and Bangladesh. The massive hydropower dam, located at a tectonic boundary prone to earthquakes, has been touted as safe by Chinese authorities, who emphasise ecological protection and advanced engineering techniques.
Akums Group Signs 200 Million Euro Deal for European Market Expansion
Akums Group, India's largest contract development and manufacturing organisation (CDMO), entered into a 200 million euro (Rs. 1,760 crore) partnership with a global pharmaceutical major to manufacture and supply a range of pharmaceutical formulations for the European market.
The company will receive an upfront payment of 100 million euro (Rs 880 crore) to support product development and secure European regulatory approvals for its oral liquid manufacturing facility.
The collaboration involves the production of multiple SKUs of oral liquid formulations at Akums' manufacturing facilities in India, which will be marketed by the partner company across various European countries.
Former Suzuki Motor Chairman Osamu Suzuki Passes Away
Osamu Suzuki, former chairman of Japan's Suzuki Motor, died. He was 94 years old. Suzuki led the company for more than 40 years, until he stepped down as chairman in 2021, transforming the Shizuoka-based company into a global automaker.
PM Modi Chairs 45th PRAGATI Meeting to Review National Projects
Prime Minister Narendra Modi chaired the 45th meeting of PRAGATI, an ICT-based platform aimed at ensuring the timely implementation of government initiatives through collaboration between the Central and State governments.
During the session, eight projects were reviewed, including six Metro Urban Transport projects and one project each focusing on road connectivity and thermal power. The total cost of these projects, spanning various states and union territories, exceeds Rs. 1 lakh crore.
The Prime Minister underscored the impact of project delays, citing cost escalations and delays in public access to the intended benefits. He called for enhanced efficiency at both Central and State levels to minimise delays.
The meeting also covered public grievances in the banking and insurance sectors. PM Modi acknowledged the reduced time in grievance resolution but called for attention to the quality of disposals.
Arvind Kejriwal Inducts Bodybuilders, Wrestlers in AAP Ahead of Delhi Polls
Several sportspersons, including wrestlers and bodybuilders, joined the AAP in the presence of party chief Arvind Kejriwal, giving a boost to the party ahead of the upcoming Delhi Assembly polls.
Kejriwal welcomed Tilakraj, Rohit Dalal and Akshay Dilawari, who are associated with sports and fitness, at the Aam Aadmi Party (AAP) office and handed party scarves and caps to them.
RINL Wins Gold at AP State Energy Conservation Awards 2024
Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant (VSP), won the prestigious Gold Award at the Andhra Pradesh State Energy Conservation Award 2024. The award presented by the State Energy Conservation Mission of Andhra Pradesh, recognised RINL's impactful initiatives in energy conservation in the iron and steel sector. This achievement highlights the company's commitment to sustainability and innovation in harnessing waste energy over the past three years.