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Monthly Archives: April 2024

Indian Government's Stake Sale in State-Run Companies Falls Short in 2023/24

Indian Government’s Stake Sale in State-Run Companies Falls Short in 2023/24

The Indian government aimed to raise funds through the sale of stakes in state-run companies in the fiscal year 2023/24. However, the achieved amount of 165 billion rupees fell short of the internal target by about 9%, reaching $1.98 billion. This setback is attributed to the forthcoming general elections, causing a shift in focus away …

Romania and Bulgaria Partially Join Schengen Travel Zone

Romania and Bulgaria Partially Join Schengen Travel Zone

Romania and Bulgaria have taken a significant step in their integration with the European Union by partially joining the Schengen travel zone. While travelers arriving by air or sea now enjoy ID-check-free access, land border checks persist due to opposition from Austria. Land Border Checks Remain Austria’s opposition over concerns of illegal migration has led …

SBI Mutual Fund Acquires 3% Stake in Savita Oil Technologies

SBI Mutual Fund Acquires 3% Stake in Savita Oil Technologies

On March 26, 2024, Savita Oil Technologies announced a significant equity transaction via a block deal, wherein the company’s promoter, Mr. Gautam N. Mehra, sold a 3% stake to SBI Mutual Fund. This resulted in a reduction of the promoter group’s stake to 59.78%. Promoter Stake Sale Promoter group previously held 62.78% stake (43,383,855 shares), …

Government Forms 14th Task Force to Explore Use of Biochar in Steel Production

Government Forms 14th Task Force to Explore Use of Biochar in Steel Production

The Indian government has taken proactive steps to address carbon emissions in the steel industry by establishing a task force to investigate the potential use of biochar. With the steel sector contributing significantly to greenhouse gas emissions, this initiative aims to reduce carbon intensity and promote sustainability in steel manufacturing processes. Formation of Task Force …

April Fool's Day 2024 Date, History, Significance, Celebrations and Wishes

April Fool’s Day 2024: Date, History, Significance, Celebrations and Wishes

April Fool’s Day, celebrated on April 1st every year, is a day dedicated to humor, pranks, and light-hearted fun. Despite be including an unofficial holiday, it enjoys widespread recognition and participation across the globe,ing in India. This article delves into the history, significance, and modern-day celebrations of April Fool’s Day, highlighting its cultural importance and …

Hardik Singh and Salima Tete Honoured at Hockey India Awards 2023

Hardik Singh and Salima Tete Honoured at Hockey India Awards 2023

Hardik Singh and Salima Tete were named the Players of the Year for 2023 in the men’s and women’s categories, respectively, at the sixth annual Hockey India Awards. During the event, Hockey India announced the revival of the Hockey India League (HIL), which will return in January 2025 after a hiatus since 2017. The revived …

UN Appoints Saudi Arabia to Lead Women’s Rights Forum Despite Criticism

UN Appoints Saudi Arabia to Lead Women’s Rights Forum Despite Criticism

Saudi Arabia has been chosen to chair the UN Commission on the Status of Women (CSW), despite widespread criticism due to its poor record on women’s rights. The appointment of Saudi Ambassador Abdulaziz Alwasil has sparked outrage from human rights groups, given the stark disparity between the kingdom’s actions and the commission’s mandate to promote …