City Kanpur Financial News

BITS Pilani and Indian Institutes of Technology (IITs) Delhi, Madras and Kanpur, among others, are looking to fill their coffers through efforts such as donation campaigns, encouraging collective donations through chapters or batches, organising leadership delegations to countries where alumni reside, increased reunions and alumni get-togethers, encouraging high net-worth donors to set up centres of excellence, forging close connections with companies for corporate social responsibility (CSR) funding and setting up alumni chairs. Aiming high

Indian Administrative Services (IAS) officer Sanjay Malhotra as the next governor of the Reserve Bank of India (RBI) for a three-year term, succeeding Shaktikanta Das, whose tenure ends Tuesday. Malhotra takes over at a time of high inflation and slowing growth amid calls for rate cuts to bolster the economy. The IAS officer, currently secretary, department of revenue, is from the 1990 batch and belongs to the Rajasthan cadre. «The Appointments Committee of the Cabinet has approved the appointment of Sanjay Malhotra as governor, RBI, for a period of three years starting from December 11, 2024,» the government announced Monday. The department of financial services in the finance ministry later issued a notification on Malhotra's appointment by the central government.

Sanjay Malhotra as the new governor of Reserve Bank of India. Malhotra is set to replace Shaktikanta Das whose tenure ends of December 10.

unmanned aerial vehicle (UAV) technology domain on Wednesday announced the successful delivery of a «one-of-its-kind» logistics drone to the Indian Army, aimed at enhancing its capabilities in challenging terrains. The Sabal 20 logistics drone has been manufactured by EndureAir Systems. The firm announced the «successful delivery of one-of-its-kind Sabal 20 Logistics Drone to the Indian Army», saying it marks a «significant milestone» in enhancing the logistics capabilities of the defence forces operating in challenging terrains, according to a statement issued by the company. The aviation technology company was incubated on the corridors of IIT-Kanpur in 2018, with the objective to provide world-class drone technology that is best suited for both defence and civilian applications, it said.

Infrastructure company PNC Infratech on Friday said it has received approval from NHAI to transfer a 100 per cent stake held by it in its three subsidiaries (SPVs) for Uttar Pradesh road projects to Highways Infrastructure Trust. The company, in a regulatory filing, said the three highway projects are a part of the statutory process pursuant to the Rs 9,005 crore deal between PNC Infratech, PNC Infra Holdings (a subsidiary of PNC Infratech), and Highways Infrastructure Trust (HIT), an InvIT controlled by KKR & Co Inc, for 12 road assets. The three subsidiaries/SPVs, which got approval from the National Highways Authority of India (NHAI), are PNC Bithur Kanpur Highways Private Ltd, PNC Gomti Highways Private Ltd and PNC Aligarh Highways Private Ltd. The deal, signed in January 2024, involves the divestment of twelve road assets owned by PNC Infratech and PNC Infra Holdings for an enterprise value of Rs 9,005 crore.

Samajwadi Party (SP) following the 2024 Lok Sabha elections.

IITs), starting academic year 2025-26 IIT Kanpur will also consider admitting students for its B-Tech and BS (bachelor science) programmes on the performance in international Olympiads. Currently any aspiring candidate must appear in two sets of exams- JEE Mains and JEE Advanced to get a seat at IIT Kanpur.

On 29 October, the union government expanded the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to provide free health insurance to all citizens aged 70 and above, regardless of income.

Subscribe to enjoy similar stories. A market share of 50% in a highly competitive industry is a rarity. Of all the major Indian companies, only two, Asian Paints and IndiGo, have managed that consistently.

European Investment Bank (EIB) has sanctioned a €300 million (approximately Rs 2,731.02 crore) loan for Bengaluru suburban railway network. This will finance development of a new suburban railway network covering four dedicated rail corridors in Bengaluru. The network will stretch over a total of 149 kilometres (km) and include 58 stations with two depots, an EIB statement said. EIB said it has already supported Bengaluru's transportation sector with a €500 million loan to build the 23 km Bengaluru Metro R6 line and purchase a fleet of about 96 metro cars. The EIB’s support for transport in India includes the financing of metro investment in Agra, Bengaluru, Bhopal, Kanpur, Lucknow and Pune, with a total of €3.25 billion committed since 2016. This makes India the largest beneficiary of EIB transport financing outside Europe.

Supreme Court on Thursday refused to entertain a plea alleging contempt of its order on demolition of properties by the authorities in Uttarakhand, Rajasthan and Uttar Pradesh. A bench headed by Justice B R Gavai and comprising Justices P K Mishra and K V Viswanathan said it was not inclined to entertain the plea filed by the petitioner who was not directly or indirectly related to the alleged act. «We don't want to open a pandora box,» said the bench. The court said it will hear those affected by the demolition of properties.

Over 70% of transport-related greenhouse gas emissions come from road vehicles, with passenger cars contributing nearly half. So, it's essential for cities to invest in sustainable public transport systems that encourage people to rely less on their cars. European Investment Bank (EIB) is a key partner in this transformation of urban mobility. By financing the development of six modern metro systems in Agra, Bengaluru, Bhopal, Kanpur, Lucknow and Pune, EIB is helping to create more sustainable, accessible and cleaner transport options. To date, EIB has committed ₹30,225 cr to urban mobility in India, its largest investment in this sector outside of Europe.

Yamuna River, stating that it contains harmful organic matter which releases volatile gases directly into the atmosphere. Speaking to ANI, Professor Sachchida Nand Tripathi, Dean of the Kotak School of Sustainability at the Indian Institute of Technology, Kanpur, said, «The effect of froth on the Yamuna River is dangerous. The frequent occurrence of froth is primarily due to the large amounts of surfactants from soap, detergents, and other pollutants in untreated wastewater flowing into the river.» «After the monsoon, the stable atmosphere and rising temperatures create ideal conditions for froth formation. Later, in October, when temperatures drop, it helps stabilise the froth. However, this froth contains harmful organic matter that releases volatile gases directly into the atmosphere. The partitioning of froth also releases volatile organic gases and semi-volatile organic compounds. These organic gases become precursors to secondary organic particulate matter,» he added.

Bikaji Foods International shares will be in focus on Thursday after the company announced that its wholly-owned subsidiary, Bikaji Foods Retail, will make a strategic investment of Rs 131.01 crore for a 53.02% stake in Hazelnut Factory Food Products. Hazelnut Factory is a café-cum-artisanal sweets brand based in Lucknow. The investment will be made in tranches, with the acquisition expected to be completed over the next two years, according to the company's stock exchange filing.

Skill Development & Entrepreneurship on Monday said it has entered into a partnership with Meta to launch an AI Assistant for the Skill India Mission and establish five centres of excellence in virtual reality and mixed reality. Under the partnership, an innovative AI-powered chatbot powered by Meta's open-source Llama model will be developed to enhance the learner experience on the Skill India Digital (SID) Portal. Moreover, the five centres of excellence at National Skill Training Institutes (NSTIs) in Hyderabad, Bengaluru, Jodhpur, Chennai, and Kanpur will equip learners and instructors with the latest VR technology to learn and enhance existing skills in a safe, immersive, and engaging environment, according to a statement.

skill development and entrepreneurship (MSDE) entered into a partnership with Meta India to provide artificial intelligent (AI) assistant for the Skill India Mission and to establish five centers of excellence (CoEs) in virtual reality (VR) and mixed reality (MR) at National Skill Training Institutes (NSTIs) located at Hyderabad, Bengaluru, Jodhpur, Chennai and Kanpur. “Our mission is to empower India’s youth with the skills they need to thrive in today’s competitive landscape,” Jayant Chaudhary, minister of state (independent charge), MSDE said. “By integrating technologies like artificial intelligence, virtual reality and mixed reality into the Skill India ecosystem, we are democratizing access to cutting-edge technologies enabling personalized learning pathways for the youth of the country,” he said.

Muzaffarnagar's Titora village, Atul Kumar studied for 18 hours a day, taking breaks only for food and sleep, as he prepared for the much-dreaded IIT entrance. Despite the gruelling schedule he sustained for 11 months, the 18-year-old, who almost didn't go to IIT despite cracking the test, advises against letting the pressure get to the head. «At my coaching institute, they said if you think that the IIT entrance examination is tough, then it is indeed tough. And if you consider it as an easy exam, then it is an easy one,» Kumar told PTI. Son of a daily wage labourer, Atul Kumar had lost his seat at IIT-Dhanbad after missing the fee deadline. He got a second chance when in an unprecedented move, the Supreme Court asked the institute to admit him to the BTech course.

India vs Bangladesh Live Score Updates, 2nd Test Day 5: Rohit Sharma's India are heading for an upset victory in Kanpur after almost three days of play were washed out by rain. The Men in Blue batted aggressively on day three, declaring on 285-9 in just 34 overs, a lead of 52 runs.In their second innings, Bangladesh lost 2 wickets on the evening of Day 4 and failed to regain their momentum on Day 5 as Indian spinners Ravichandran Ashwin and Ravindra Jadeja laid a trap for them.

Subscribe to enjoy similar stories. Placement teams at India’s top technology schools are chasing potential recruiters early to avoid a repeat of last year’s struggle to land jobs for their graduates, even as companies are still undecided about their hiring numbers. While recruiters from information technology and related services, core industries, manufacturing and banking sectors have started registering with the Indian Institutes of Technologies (IITs), the companies haven’t disclosed their targets for the batch of 2025, according to a placement officer at one of the new IITs.