TELANGANA
Foxconn may invest $200 million in AirPods plant at Telangana
Taiwanese contract manufacturer Foxconn has bagged an order from Apple to make AirPods.It is likely to invest $200 million.
The latest development comes less than a fortnight after Foxconn chairman Young Liu inked a memorandum of understanding with the Telangana government for setting up an electronics manufacturing facility in Hyderabad.
INTERNATIONAL
Bhutan’s graduation from the UN list of Least Developed Countries
Recently, at the United Nations Least Developed Countries (LDC) Summit that concluded on March 9 in Doha, Qatar, the landlocked Himalayan kingdom of Bhutan will no longer be on the list of LDCs and will become only the seventh country to graduate from the list
Bhutan was included in the first group of LDCs in 1971. However, over the last few decades, it has made remarkable progress on a variety of socio-economic metrics.
Bhutan first fulfilled the requirements for graduation in 2015, and then again in 2018. Bhutan was therefore scheduled to graduate in 2021
NATIONAL
Oscars 2023: RRR’s “Naatu Naatu” wins Best Original Song
The 95th Academy Awards (Oscars 2023) have announced that RRR‘s “Naatu Naatu” won Best Original Song. The song had to beat out songs like “Applause” from Tell It Like a Woman, “Hold My Hand” from Top Gun: Maverick, “Lift Me Up” from Black Panther: Wakanda Forever, and “This is Life” from Everything Everywhere All At Once. The Oscars 2023 was accepted by lyricist Chandrabose and composer Keeravani.
The song’s words were written by Chandrabose, with music by MM Keeravaani, and it was performed by Kala Bhairava and Rahul Sipligunj. “Naatu Naatu” received the Golden Globe for best song. RRR became the first Indian film to win a Golden Globe as a result of the victory.
IREDA gets ‘Infrastructure Finance Company’ status from RBI
The Reserve Bank of India (RBI) has granted an ‘Infrastructure Finance Company (IFC)’ status to Indian Renewable Energy Development Agency (IREDA) today. It was earlier classified as ‘Investment and Credit Company (ICC)’.
With the IFC status, IREDA will be able to take higher exposure in RE financing. The IFC status will also help the company to access wider investor base for fund mobilisation, resulting in competitive rates for fund raising.
The recognition of IREDA as an IFC will increase the investors’ confidence, enhance the brand value, and generate positive outlook in the market. The grant of IFC status is a recognition of IREDA’s 36 years of infrastructure financing and development with focused development of Renewable Energy. With IFC status, IREDA will keep contributing towards Govt. of India’s target of 500 GW installed capacity of non-fossil fuels by 2030.
IREDA has been promoting, developing and financing new and renewable sources of energy with the motto: “Energy for Ever” since 1987. It finances all RE technologies and value chain such as solar, wind, hydro, bio-energy, waste to energy, energy efficiency, e-mobility, battery storage, biofuel and new and emerging technologies.
PM Modi inaugurates world’s longest railway platform in Hubballi, Karnataka
Prime Minister Narendra Modi dedicated World`s longest railway platform of 1.5 kilometres at Sri Siddhaarooda railway station in Hubballi in the state of Karnataka. The inauguration of the platform was done during the PM’s Karnataka visit in the presence of Union Minister Pralhad Joshi. It is to be noted that Indian Railways, South Western Railway Zones Hubbali is now registered in the Guinness Book of World Records for having the longest platform.
The world’s longest railway platform will cater to the transportation needs of the Hubballi-Dharwad region and will help in enhancing the operational capacity of the yard. Furthermore, it will enable the operations of trains in both directions.
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