Dr. A K Singh, director at Life Sciences, DRDO has been honoured with Lifetime Achievement Award 2019 during 4th APJ Abdul Kalam Innovation Conclave at Chandigarh University, Mohali. He has made notable contributions in Internal Decorporation of Fission Produced Radionuclides and Infection Imaging. He also discovered a Diagnobact Kit to detect the infectious lesion. He also introduced Pharmacosyntigraphy, i.e. application of nuclear medicine imaging in drug research.
NOTE – ESTABLISHED IN: 1958 CHAIRMAN: G SATHEESH REDDY
The Reserve Bank of India (RBI), which classified IDBI as a private sector bank last month, has granted Life Insurance Corporation (LIC) with 12 years to cut its stake in the bank by 10 percent. RBI has stipulated that after 12 years LIC has to reduce stake in IDBI Bank by 10 per cent to 40 per cent. LIC is the major shareholder of IDBI Bank. It has a 51 per cent stake in the Bank. The government is the other major investor in IDBI Bank owning 46.46 per cent while the rest is with the public. As per the Insurance Regulatory and Development Authority (IRDAI), LIC can hold up to 15 percent stake in any bank which can go up to 30 percent as per the board approval. But the insurance regulator has allowed LIC to invest up to 51 percent in IDBI Bank last year.
The World Allergy Organization has organized the World Allergy Week 2019 globally from 7th April to 13th April 2019. The theme for World Allergy Week 2019 is “The Global Problem of Food Allergy”. Each year, the World Allergy Organization addresses a different topic that has a need for greater awareness.
Najma Akhtar was appointed as the first woman vice-chancellor of Jamia Millia Islamia, making her the first woman to hold the charge. Akhtar is the head of the Department of Training and Capacity Building in Education at the National Institute of Educational Planning and Administration in New Delhi. She has been appointed Jamia vice chancellor for five years.
UAE is set to host the world’s foremost Artificial Intelligence (AI) Summit to empower global dialogue on the future of government, business and society. The inaugural ‘AI Everything’, AIE will take place at the Dubai World Trade Centre. It will be hosted by the UAE National Programme for Artificial Intelligence, with the support of International Telecommunication Union, ITU, and the World Intellectual Property Organisation, WIPO, and in strategic partnership with Smart Dubai.
PayU, Digital payments security and payment facilitator has acquired Wibmo, a US-based financial technology firm for USD 70 million (about Rs 484 crore) to assist the company scale-up its business.
Golfer Tiger Woods completed one of the sport’s great all-time comebacks to end an 11-year major title drought at the Masters by claiming a fifth Green Jacket. A gritty two-under 70 clinched a one-shot victory over Dustin Johnson, Brooks Keopka and Xander Schauffele. It is Wood’s 15th major title. The victory also marked the first time Woods had reached the winner’s circle at major without leading after 54 holes.
In Germany India bagged a Gold and two Silver medals at the Boxing World Cup at Cologne. Meena Kumari Maisnam (from Manipur) claimed the Gold medal in the 54 kg category. The 2014 Asian Championships bronze medallist defeated Thailand’s Machai Bunyanut in the final. India finished the tournament with five medals as Pinki Rani in 51 kgs and Parveen in 60 kgs had earlier won Bronze medals.
In motor racing, Lewis Hamilton won the Chinese Grand Prix for a record sixth time. He seized the overall lead from his Mercedes teammate Valtteri Bottas in Formula One’s 1,000th world championship race. The comfortable win was the 75th of Hamilton’s career, and second in a row.