Huge Discount Sale is Back - Valid Till 29th June 2019. Call On : 9354229384, 9354252518, 9315859773, 7291059476 .

News in Short

News in Short - 09-April-2019

Japan to enter new Reiwa Era

Date: 09 April 2019 Tags: International Events
  • Japan, the world’s oldest continuous monarchy will undergo change of epoch, when Emperor Akihit will step down and his son, crown prince Naruhito, will be crowned to throne at end of april
  • The reign of each emperor is defined by gengo, or ‘era name’.
  • Emperor Akihito rule was “Heisei” meaning achieving peace and Naruhito’s reign will be “Reiwa” meaning “Auspicious/ Beautiful harmony”.
  • For first time in history era name comprising of two kanji (Chinese characters used in Japanese language) were drawn from Japanese classical literature, rather than Chinese source, which was traditional source for era names.

Jashn-e-Ittihaad festival held in New Delhi

Date: 09 April 2019 Tags: Cinema, Festivals
  • 'Jashn-e-Ittihaad', a music and poetry festival was held at Jamia Milia Islamia central university in New Delhi.
  • In event soulful Hindi and Urdu poetry, music performances were observed to spread awareness about unity and integrity.
  • Opening of musical evening was with national anthem and a dance performance by young artistes Yuvraaj Katiyal and Mahira Katyal, followed by a performance by Irshad Kamil and his band -- The Ink Band. Mushaira by noted poets like Munawwar Rana, Waseem Barelvi, Shakeel Jamali, Iqbal Ashhar, and Madan Mohan Danish were also seen.
  • It was organised by Delhi-based entertainment company Question Associates Pvt Ltd

UN’s DESA and UNFCCC summoned First global multi-stakeholder conference

Date: 09 April 2019 Tags: International Organizations
  • UN’s Department of Economic and Social Affairs (UNDESA) and United Nations Framework Convention on Climate Change (UNFCCC) summoned first global multi-stakeholder conference on synergies between 2030 Agenda for Sustainable Development and Paris Agreement on climate change at Copenhagen, Denmark.
  • United Nations System Standing Committee on Nutrition (UNSCN) hosted event titled ‘Sustainable diets for healthy people and healthy planet’, to provide a platform for sharing experiences and challenges in upgrading to healthy and sustainable diets. This was in alignment of climate change and 2030 agendas, SDG 2 and SDG 13.

Lakshmi Vilas Bank approved merger with Indiabulls

Date: 09 April 2019 Tags: Acquisitions and Merger
  • Lakshmi Vilas Bank, a private sector lender approved merger with Indiabulls Housing Finance Ltd, a mortgage financier in an all-stock deal.
  • New merged entity will be named ‘Indiabulls Lakshmi Vilas Bank’.
  • It would be among top 8 private banks in India by size and profitability.
  • As per share swap ratio, for every 100 shares of Lakshmi Vilas Bank shareholders will get 14 shares of Indiabulls Housing Finance.

Chandra Shekhar Rajan appointed as Managing Director of IL&FS

Date: 09 April 2019 Tags: Appointments & Resignations
  • At ILF&S (Infrastructure Leasing & Financial Services) board meeting, chaired by Uday Kotak, Chandra Shekhar Rajan, (earlier a non-executive director of IL&FS), was appointed as its MD (managing director).
  • He will succeed Vineet Nayyar, who will become executive vice chairman.
  • The total outstanding debt of IL&FS is Rs 94,216 crore, of which Rs 48,470 crore is in four holding companies IL&FS, IL&FS Financial Services, IL&FS Energy Development Company Ltd and IL&FS Transportation Networks Ltd.