 In a major push to kickstart listing of start-ups in India in a big way, capital markets regulator SEBI has lined up a slew of relaxations for new-age ventures. The proposed changes include renaming the Institutional Trading Platform (ITP) that the regulator had created for such listings as Innovators Growth Platform (IGP). The changes include doing away with the requirement of at least 50% of pre-issue capital being held by qualified institutional investors. |
| Source- The Economic Times |
 Atul Sahai has been appointed as the Chairman and Managing Director (CMD) of the country’s largest general insurance company New India Assurance. The post had been lying vacant since July 2018 after former chairman and managing director G Srinivasanretired. The appointments committee of the cabinet announced that Sahai who is the General Manager at Oriental Insurance will be appointed for a period of five years. Sahai’s name was recommended by the department of financial services after interviews were held for the position almost three months back. |
| Source: The Moneycontrol |
 Rashtriya Lok Samta Party (RLSP) Chief Upendra Kushwaha resigned as Union Minister of State in the Ministry of Human Resource Development. This comes a day ahead of the start of the Parliament’s Winter Session, triggering a realignment of political equations in Bihar. |
| Source- DD News |
 Flipkart-owned Myntra’s CEO Ananth Narayanan has resigned from his role with his position set to be abolished. Flipkart’s Amar Nagaram has been given the responsibility to head Myntra. Key Myntra leaders such as Chief Revenue Officer Mithun Sundar and human resources head Manpreet Ratia have also resigned. |
| Source: The Quint |
 A day before the results of polling in the five states, Reserve Bank of India governor Urjit Patel stepped down from his post. Patel, who cited “personal reasons” behind his decision, was in a conflict with the Union finance ministry over matters related to the monetary policy. |
| Source- The Quint |
 Mexico’s Vanessa Ponce de Leon won the coveted Miss World 2018 crown at a grand event held in the Chinese city, Sanya. Thailand’s Nicolene Pichapa Limsnukan was declared the runner-up. Former Miss World Manushi Chillar (India) presented the crown to the new winner during the pageant in which 118 contestants participated. Anukreethy Vas participated in the event from Indian side. |
| Source- AIR World Service |
 The first International Conference on ‘Sustainable Water Management’ was held at Indian School of Business (ISB) in Mohali, Punjab. The conference was organized by Bhakra Beas Management Board (BBMB) under the aegis of the National Hydrology Project of the Union Ministry of Water Resources, River Development and Ganga Rejuvenation. The theme of the international conference is ‘Sustainable Water Management’. The inaugural session of the conference was attended by Himachal Pradesh Governor Acharya Devvrat, who was the chief guest of the event and UP Singh, Secretary at the Union Ministry of Water Resources, who was the guest of honour. |
| Source- The Hindu |
 The Indian Coast Guard has conducted the Regional Level Marine Oil Pollution Response Exercise titled ‘Clean Sea – 2018’ at sea off Port Blair. Coast Guard ships Viswasth, Vijith, Rajveer, Rajshri, 4 interceptor boats, and its air assets Dornier and Chetak helicopters participated in the exercise. The preparedness of all agencies during the exercise was conducted under observation of Inspector General Maneesh V Pathak, Commander Coast Guard Region, Andaman and Nicobar Islands. |
| Source: The Indian Express |
 The number of patents granted by India shot up by 50% in 2017, keeping up a trend of steep increases, according to the UN’s World Intellectual Property Organisation (WIPO). The patents granted by India increased from 8,248 in 2016 to 12,387 in 2017, the WIPO’s World Intellectual Property Indicators 2018 report released in Genevashowed. Globally, 1.4 million patents were granted in 2017, the report estimated. |
| Source: The Economic Times |
 China launched the first-ever spacecraft, Chang’e 4, that will attempt landing on the far side of the Moon, which always shows the same face to Earth as it’s close enough to be locked by the planet’s gravitational field. The Chang’e-4 mission will see a static lander and rover touch down in Von Kármán crater, located on the side of the Moon which never faces Earth. The payload blasted off atop a Long March 3B rocket from Xichang Satellite Launch Center. |
| Source: BBC |
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