JP Morgan Chase has topped the 2021 list of globally systemic banks (G-SIBs) released by the Financial Stability Board (FSB). The updated G-Sib list, published on November 23 by the Financial Stability Board, saw JP Morgan rise to the fourth ‘bucket’, implying a capital surcharge of 2.5% of risk-weighted assets. It is the only bank in the bucket. The […]
The Russian military carried out another successful test of its Zircon hypersonic cruise missile, one of the latest additions to the country’s arsenal of weapons called “invincible” by President Vladimir Putin. The missile was launched from the Admiral Gorshkov warship towards a test target set in Arctic waters of the White Sea in northern Russia.
Russia successfully test-fires Hypersonic Cruise Missile ‘Zircon’ Read More »
El Salvador is mulling to build the world’s first ‘Bitcoin City.’ Making an official announcement in this regard, President Nayib Bukele said that El Salvador’s ‘Bitcoin City’ plan will be funded initially by bitcoin bonds. doubling down on the country’s bet on the cryptocurrency. It would get geothermal power from a volcano. Bitcoin City will not
El Salvador Plans to Build World’s First ‘Bitcoin City’ Read More »
Rakesh Jhunjhunwala backed-Akasa Air announced the purchase of CFM LEAP-1B engines to power its recently purchased Boeing 737 MAX airplanes. The agreement, which also includes spare engines and long-term services agreement, is valued at nearly $4.5 billion at list price. Akasa had ordered 72 Boeing 737 MAX airplanes valued at nearly $9 billion at list price. The LEAP-1B engine entered into service on
Akasa Air inks pact with CFM for LEAP-1B engines Read More »
India on November 17, 2021 won the re-election to the executive board of the United Nations cultural and education organization for the 2021-25 term. India received 164 votes to get re-elected to four-year term of office. Apart from India, Japan, Philippines, Vietnam, Cook Islands, and China have also been elected in Group IV Asian and Pacific States category. It
India re-elected to UNESCO Executive Board for 2021-25 term with 164 votes Read More »
Janette Brittin, Mahela Jayawardene, and Shaun Pollock have been inducted into the ICC Cricket Hall of Fame and the formal induction will take place before the T20 World Cup 2021 final between New Zealand and Australia at the Dubai International Cricket Stadium on Sunday. To become eligible for induction in the ICC Hall of Fame, a player should have
The International Day for Tolerance is observed annually on 16 November. The day was declared by UNESCO in 1995, on its fiftieth anniversary, to generate public awareness of the dangers of intolerance. In 1996, the UN General Assembly adopted Resolution 51/95 proclaiming 16 November as International Day for Tolerance.
India has successfully launched the 41st Scientific Expedition to Antarctica with the arrival of the first batch of its contingent at the southern white continent. The first batch comprising of 23 scientists and support staff reached the Indian Antarctic station Maitri last week. Four more batches shall be landing in Antarctica by air using the
India launches 41st Scientific Expedition to Antarctica Read More »
The 10th annual Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) will begin today, virtually convening over 700 energy thought leaders and industry experts. Union Petroleum Minister Hardeep Singh Puri will lead the official and business delegation. He will participate in the inaugural Ceremony of ADIPEC and also take part in a Ministerial Round Table titled “Charting the Climate
Abu Dhabi International Petroleum Exhibition and Conference begins today Read More »
Children’s footwear brand Plaeto has announced the appointment of celebrated Indian cricketer Rahul Dravid as its brand ambassador and mentor. Dravid, who is one of India’s most celebrated sportsmen, has been closely involved with Plaeto and its founding team, which consists of erstwhile top executives from Nike, Adidas, and Apple, since the idea stage of this pioneering Made-in-India footwear brand.
Rahul Dravid roped in as brand ambassador of kids footwear brand Plaeto Read More »
