ECONOMIC AND FINANCE Flashcards
——- became the first person ever to lose $200 billion
Elon Musk became the first person ever to lose $200 billion
———————————– has announced the launch of ARENAVerse, a metaverse platform for
the business‘ ARENA showroom network, in an effort to improve its position in the metaverse world.
Maruti Suzuki India Limited (MSIL) has announced the launch of ARENAVerse, a metaverse platform for
the business‘ ARENA showroom network, in an effort to improve its position in the metaverse world.
———– to launch first National NFT Marketplace
china
India‘s first-ever coal gasification based Talcher Fertiliser plant in ——— will be ready by
October 2024
odisha
—————–became the country‘s first carbon-neutral power
exchange,
Energy trading platform Indian Energy Exchange (IEX) became the country‘s first carbon-neutral power
exchange,
Union Government approved for listing of the—————- on
the Stock Exchanges. IREDA is currently a wholly owned Government of India, Mini-ratna (Category-I)
CPSE incorporated in 1987 and is engaged in financing of Renewable Energy and Energy Efficiency
projects in India. It is registered as a Non-banking Financial Company (NBFC) with the Reserve Bank of
India.
Union Government approved for listing of the Indian Renewable Energy Development Agency (IREDA) on
the Stock Exchanges. IREDA is currently a wholly owned Government of India, Mini-ratna (Category-I)
CPSE incorporated in 1987 and is engaged in financing of Renewable Energy and Energy Efficiency
projects in India. It is registered as a Non-banking Financial Company (NBFC) with the Reserve Bank of
India.
Twitter‘s new CEO ——
Twitter‘s new CEO Linda Yaccarino
Government appoints ———as CCI Chairperson
Government appoints Ravneet Kaur as CCI Chairperson
HDFC Mutual Fund launches India‘s first ——–fund
HDFC Mutual Fund launches India‘s first defence fund
Cabinet clears Rs ——- cr-IT Hardware PLI Scheme 2.0
Cabinet clears Rs 17,000 cr-IT Hardware PLI Scheme 2.0
——– Foundation Launches World‘s First Skill Centre in Metaverse
Adani Foundation Launches World‘s First Skill Centre in Metaverse
———- set to acquire assets of First Republic Bank after its closure
JP Morgan set to acquire assets of First Republic Bank after its closure
————named as first CEO of India‘s largest insurer LIC
Veteran Mohanty named as first CEO of India‘s largest insurer LIC
——–has become Europe‘s largest supplier of refined fuels
India has become Europe‘s largest supplier of refined fuels
Indian-origin ———-is next World Bank president
Indian-origin Ajay Banga is next World Bank president
India‘s Go First airline files for bankruptcy, blames———-
Cash-strapped Indian airline Go First filed for bankruptcy proceedings, blaming ―faulty‖ Pratt & Whitney
engines for the grounding of about half its fleet. T
India‘s Go First airline files for bankruptcy, blames Pratt & Whitney
Cash-strapped Indian airline Go First filed for bankruptcy proceedings, blaming ―faulty‖ Pratt & Whitney
engines for the grounding of about half its fleet. T
The IIT——- will get a PARAM supercomputer of 833 Tera Flops (TF) high performance computing
(HPC) system by September this year. It will be the first supercomputer in —-
IIT-Patna to get state‘s first supercomputer
The IIT-Patna will get a PARAM supercomputer of 833 Tera Flops (TF) high performance computing
(HPC) system by September this year. It will be the first supercomputer in Bihar.
Softone unveils ———— India‘s first ultra-modern hearing machine
Softone unveils ‗Re-Hear‘, India‘s first ultra-modern hearing machine
,———–Indian Navy conduct successful trial of indigenous air droppable container
DRDO, Indian Navy conduct successful trial of indigenous air droppable container
TN: Engineering students from———- develop India‘s first hydrogen-powered energy boat
TN: Engineering students from Coimbatore develop India‘s first hydrogen-powered energy boat
World‘s first Bugatti Residences launched in ——
World‘s first Bugatti Residences launched in Dubai
Virtuzone launches ——— – World‘s first AI-powered UAE corporate tax assistant
Virtuzone launches TaxGPT – World‘s first AI-powered UAE corporate tax assistant
Virtuzone launches ——— – World‘s first AI-powered UAE corporate tax assistant
Virtuzone launches TaxGPT – World‘s first AI-powered UAE corporate tax assistant
———has been ranked ‗most miserable country‘ in the Hanke‘s Annual Misery Index (HAMI) 2022.
The country‘s staggering level of misery has been attributed to the policies implemented by President
Emmerson Mnangagwa, representing the ZANU-PF party————-secured the 35th position on the list of the
world‘s most miserable countries.
Zimbabwe has been ranked ‗most miserable country‘ in the Hanke‘s Annual Misery Index (HAMI) 2022.
The country‘s staggering level of misery has been attributed to the policies implemented by President
Emmerson Mnangagwa, representing the ZANU-PF party. Pakistan secured the 35th position on the list of the
world‘s most miserable countries.
——- India‘s first social currency payment car
WYLD; India‘s first social currency payment car
India plans to host first global insurance summit to attract investment
———token Unveils the World‘s First Crypto Block chain to the World
MetGain Token Unveils the World‘s First Crypto Block chain to the World
Japan awards Mitsubishi Heavy Industries contracts worth———— to develop new
missile force
Japan awards Mitsubishi Heavy Industries contracts worth 2.84 billion dollars to develop new
missile force
5 Indian-origin women feature in ‗100 Most Influential Women in US Finance‘ list
ost of Rs. 3,000 crore.
ONGC Videsh wins $190 million arbitral awards against ——
ost of Rs. 3,000 crore.
ONGC Videsh wins $190 million arbitral awards against Sudan
United States hosts war planning exercises in Germany for ———–
United States hosts war planning exercises in Germany for Ukraine
——– to set up 10-gigawatt solar energy project in A.P
Reliance to set up 10-gigawatt solar energy project in A.P
—————– receives the first all India BIS license to produce Structural
Weather Resistant Steel
Tata Steel Jamshedpur plant receives the first all India BIS license to produce Structural
Weather Resistant Steel
———– 12th highest-paid female athlete in world, only Indian and badminton player in top 25
PV Sindhu 12th highest-paid female athlete in world, only Indian and badminton player in top 25
Indian female wrestler ————– nominated for United World Wrestling Rising Star of the
Year honour
Indian female wrestler Antim Panghal nominated for United World Wrestling Rising Star of the
Year honour
————‘ creates history; SRK-starrer is the first Indian film to be released in ICE format
‗Pathaan‘ creates history; SRK-starrer is the first Indian film to be released in ICE format
StocX.in launches India‘s first private market index
Razorpay becomes India‘s first payment gateway to support credit cards on UPI
Finance Minister Nirmala Sitharaman, 5 other Indians among Forbes‘ World‘s 100 Most
Powerful Women
Four Indian-origin women, including Jayshree Ullal and Indra Nooyi, have been named by Forbes among
America‘s 100 richest self-made women, with a combined net worth of a whopping USD 4.06 billion.
President and CEO of Arista Networks, a computer networking firm; Jayshree Ullal, co-founder of IT
consulting and outsourcing firm Synte; Neerja Sethi, co-founder and former chief technology officer (CTO)
of cloud company Confluent; Neha Narkhede and PepsiCo‘s former chair and CEO Indra Nooyi made it to
Forbes list of ‗America‘s Richest Self-Made Women‘. ―Bolstered in part by a rebound in the stock market, they
are cumulatively worth a record USD 124 billion, up nearly 12 per cent from a year ago,‖ Forbes said last month
at the release of its ninth annual list.
Ullal, ranked 15th on the list, has a net worth of USD 2.4 billion. She has been president and CEO of the
publicly-traded Arista Networks since 2008 and owns about 2.4 per cent of its stock. Arista recorded revenue of
nearly USD 4.4 billion in 2022. She is also on the board of directors of Snowflake, a cloud computing company
that went public in September 2020. Sethi, ranked 25th on the list, has a net worth of USD 990 million.
Syntel, co-founded in 1980 by Sethi and her husband Bharat Desai, was bought by French IT firm Atos SE
for USD 3.4 billion in October 2018. Sethi got an estimated USD 510 million for her stake.
Nooyi, the former chair and CEO of PepsiCo, retired in 2019 after 24 years with the company, half of which
she spent in the top job. The 67-year-old has a net worth of USD 350 million and is ranked 77th on the list. As
CEO, the 67-year-old thwarted a bid to break up PepsiCo, nearly doubled sales and introduced healthier products
and environmentally friendly practices. Her fortune stems from stock she was granted while working at PepsiCo.
Diane Hendricks, Cofounder, ABC Supply–one of the largest wholesale distributors of roofing, siding and
windows in America– with a $15 billion net worth, retained the top slot followed by musician Rihanna,
having a net worth of $1.4 billion. This year‘s list has eight entrants, including television producer Shonda
Rhimes and Insitro CEO Daphne Koller. ―Bolstered in part by a rebound in the stock market, they are
cumulatively worth a record USD 124 billion, up nearly 12 per cent from a year ago,‖ Forbes said.
Researchers discovered an ultra-hot exo-planet which acts like a mirror in space. The exo-planet, which
means it‘s located outside our solar system, is covered by reflective metallic clouds, making it the shiniest
exoplanet ever found.
The planet, named LTT9779b, was discovered during the ESA‘s exoplanet mission ‗Cheops‘. ―Aside from
the Moon, the brightest object in our night sky is planet Venus, whose thick cloud layer reflects around 75% of
the Sun‘s light. Meanwhile the Earth only reflects 30% of the sunlight,‖ ESA said in its blog. However, this newly
discovered exoplanet reflects a whopping 80% of the light shone on it by its host star, acting like a ―mirror‖ and
making it the universe‘s most reflective object known.
