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Monthly Archives: May 2024

Public Sector Banks' Profit Surpasses ₹1.4 Lakh Crore in FY24

Public Sector Banks’ Profit Surpasses ₹1.4 Lakh Crore in FY24

In the financial year ending March 2024, the cumulative profit of public sector banks (PSBs) surged, reaching over ₹1.4 lakh crore, marking a significant 35% increase from the previous year’s earnings of ₹1.04 lakh crore. State Bank of India (SBI) emerged as a major contributor, accounting for over 40% of the total earnings. Key Highlights …

NASA and JAXA Forge Ahead with XRISM Despite Instrument Glitch

NASA and JAXA Forge Ahead with XRISM Despite Instrument Glitch

NASA and the Japanese Aerospace Exploration Agency (JAXA) have decided to operate an instrument on the X-ray Imaging and Spectroscopy Mission (XRISM) satellite as-is for at least the next year and a half, despite encountering an issue affecting one of its instruments. This decision showcases the agencies’ determination to push forward with this groundbreaking X-ray …

SAIL-Bhilai to Set Up Chhattisgarh’s First 15-Mw Floating Solar Plant

SAIL-Bhilai to Set Up Chhattisgarh’s First 15-Mw Floating Solar Plant

In a significant stride towards sustainable energy practices, the Bhilai Steel Plant (BSP), a key unit of the Steel Authority of India Limited (SAIL) situated in Chhattisgarh, is set to inaugurate the state’s premier floating solar project. This venture marks a pivotal moment in Chhattisgarh’s journey towards renewable energy and underscores BSP’s commitment to reducing …

Mahindra & Mahindra Sign MoU with MSDE for 'Drone Didi' Pilot Project

Mahindra & Mahindra Sign MoU with MSDE for ‘Drone Didi’ Pilot Project

In a significant step towards empowering women in emerging technology sectors, the Ministry of Skill Development and Entrepreneurship (MSDE) has signed a Memorandum of Understanding (MoU) with Mahindra & Mahindra Ltd to conduct two Pilot Projects under the Drone Didi Yojana. The event, attended by Secretary Shri Atul Kumar Tiwari, and Group CEO & MD …

Russia's Controversial Oil and Gas Discovery in British Antarctic Territory

Russia’s Controversial Oil and Gas Discovery in British Antarctic Territory

In a development that has raised eyebrows globally, Russia has claimed to have discovered massive oil and gas reserves in the British Antarctic Territory, a region currently protected under the 1959 Antarctic Treaty. According to evidence submitted to the Commons Environment Audit Committee, the reserves uncovered by Russian research ships contain around 511 billion barrels …

India Inks 10-year Deal to Operate Iran's Chabahar Port

India Inks 10-year Deal to Operate Iran’s Chabahar Port

India and Iran have inked a significant 10-year bilateral contract aimed at enhancing the operations of the Chabahar Port. This move underscores India’s strategic interests in bolstering trade links with Central Asia and parts of Europe, leveraging the port’s strategic location on Iran’s southwestern coast. Background The Chabahar Port, strategically positioned with easy access to …