September 2022 | Page 197 of 201

Indian origin Laxman Narasimhan appointed as CEO of Starbucks

Starbucks has appointed Laxman Narasimhan as the next chief executive officer and a member of the Starbucks Board of Directors. He will work closely with the interim CEO, Howard Schultz, before taking charge as CEO role. Howard Schultz will continue as interim CEO until April 1, 2023. Prior to this, he served as global chief commercial officer at PepsiCo; worked as a senior partner at the […]

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NZ cricketer, Colin de Grandhomme retires from international cricket

New Zealand all-rounder, Colin de Grandhomme has announced his retirement from international cricket. He has played 29 Test matches scoring 1432 runs at 38.70, including centuries against the West Indies and South Africa. His best score was 120 not out. He has also registered 49 wickets in the format at an average of 32.95, including six for 41 on debut against Pakistan.

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Air traffic of India may surge annually by average 7% till 2040

As per the Boeing report, the air traffic of India will grow by an average of 7% per year till 2040 even as the country’s carriers face challenges like high fuel prices, rupee depreciation and low fares. While the air traffic of India will grow 6.9% till 2040, the south-east Asian market will grow at an average annual rate of 5.5%. The Chinese,

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Services exports rise 20.2% to $23.26 billion in July 2022: RBI data

As per the Reserve Bank India data, the services exports of India has been increased by 20.2% year-on-year to $23.26 billion in July 2022. However, the July exports were lower than June by $25.29 billion in 2022. As per the monthly data on India’s international trade in services for July 2022, the imports surged by 22.3% to $13.92

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GST collection in August was ₹1.43 lakh crore

According to Finance Ministry data, the government has collected ₹1,43,612 crore as the gross GST revenue in the month of August 2022. CGST is ₹ 24,710 crore, SGST is ₹ 30,951 crore, IGST is ₹ 77,782 crore. It includes ₹ 42,067 crore collected on import of goods and cess is ₹ 10,168 crore (including ₹ 1,018 crore collected

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SBI Card launches cashback card

SBICard has launched ‘CASHBACK SBI Card’, a cashback focused credit card, to boost the online transactions. Consumers across country, including tier-2 and 3 cities, can apply for the card on the digital application platform ‘SBI Card SPRINT’. CASHBACK SBI Card customers will earn unlimited 1% cashback on all spends, cashback will increase to 5% on all online spends up to maximum of

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Muthoot FinCorp, IME India joins hands for money transfer service to Nepal

Muthoot FinCorp has partnered with IME India Pvt Ltd to expand its money remittance services between Indo-Nepal corridor. Muthoot has been assisting the Nepali community in India in remitting money through their existing partner (Prabhu Money Transfer Pvt Ltd). Now, Muthoot will be able to serve a larger mass of Nepalese diaspora living in India. IDFC First Bank, India and Global IME

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India’s first indigenously developed vaccine for cervical cancer

Union Minister of Science and Technology Jitendra Singh has launched India’s first indigenously developed quadrivalent Human Papilloma Virus (HPV) vaccine for the prevention of cervical cancer. Vaccine name: CERVAVAC DCGI had granted market authorisation to Serum Institute of India to manufacture an indigenously-developed vaccine against cervical cancer. Cervical cancer in India ranks as the second most frequent

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Tejas Mark-2 Project approved by Cabinet Committee on Security

The Cabinet Committee on Security has approved Tejas Mark-2 Project and sanctioned 6,500 crore rupees for designing and developing of Tejas Mark-2 fighter jet with prototypes, flight testing, and certification. The allocation comes in addition to the existing 2500 crore rupees sanctioned to HAL. Tejas 2.0 will be equipped with more powerful GE- F414 engines in the 98 Kilonewton thrust class and carry additional

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AICTE partnered with Adobe to advance digital literacy in India

The All-India Council for Technical Education has partnered with Adobe to accelerate digital creativity skills across the country. As per the agreement, Adobe will offer courses and expertise for upskilling educators, and integrate digital creativity into the curriculum, to prepare students with the essential creative and digital literacy skills. Adobe and AICTE collaborate: Key Points By 2024, the

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