Italian Open 2022: Check the complete list of winners
World No.1 Serbia’s Novak Djokovic has defeated Stefanos Tsitsipas to win the 79th edition of the Italian Open (Internazionali BNL d’Italia) in Rome and to capture the 38th ATP Masters 1000 crown. Novak Djokovic became the fifth man in the Open Era to earn 1,000 match wins after defeating Casper Ruud in the semi-finals. In women’s singles, Iga Swiatek has won the Italian Open title after defeating Ons Jabeur.
Here is the list of winners and runner-ups of the Italian Open finals:
| Category | Winner | Runner-up |
| Men’s singles | Novak Djokovic (Serbia) | Stefanos Tsitsipas (Greece) |
| Women’s singles | Iga Świątek (Poland) | Ons Jabeur (Tunisia) |
| Men’s doubles | Nikola Mektić and Mate Pavić (Croatia) | John Isner (United States) & Diego Schwartzman (Argentina) |
| Women’s doubles | Veronika Kudermetova and Anastasia Pavlyuchenkova (Russia) | Gabriela Dabrowski (Canada) & Giuliana Olmos (Mexico) |
Sky Bridge 721: World’s longest suspension bridge, been opened in Czech Republic
The world’s largest suspension bridge has opened to travellers in the Czech Republic. The bridge, which had been under construction for nearly two years, was officially opened. Sky Bridge 721 is the name given to it. The promenade promises both beautiful views of the cloud-shrouded Jesenky mountains and an exhilarating, but slightly dangerous experience.
KEY POINTS:
- The cable car can take you to the bridge, which crosses two mountain ranges and hovers 95 metres (312 feet) above a valley. It measures 721 metres (2,365 feet) in length. Tourists will enter at a height of 1,125 metres and depart at a height of 10 metres.
- Visitors visiting the bridge will have to walk one way only. They will step onto a paved pathway in a woodland after exiting the other side, where they will learn about Czech history.
- The 1.2-metre-wide bridge, according to the holiday resort where this bridge is located, is open to children of all ages and heights, but is not ideal for individuals using pushchairs or wheelchairs.
- The suspension bridge cost 200 million crowns, or $8.4 million, according to local media sources.
- The Czech Republic Sky Bridge is 154 metres longer than Nepal’s Baglung Parbat Footbridge, which is the world’s longest suspension footbridge.
- Prague, the Czech capital, is about a 2.5-hour journey from Sky Bridge 721.
Czech Republic
The Czech Republic, sometimes known as Czechia, is a landlocked Central European country. It is bordered to the south by Austria, to the west by Germany, to the northeast by Poland, and to the southeast by Slovakia. The Czech Republic has a hilly environment with a largely temperate continental and oceanic climate that covers an area of 78,871 square kilometres (30,452 square miles). Prague is the capital and largest city, with Brno, Ostrava, Plze, and Liberec as prominent cities and urban regions.
Highlights of the 2021 Summer Deaflympics
The 24th edition of 2021 Summer Deaflympics i.e. Caxias 2021, officially called the XXIV Summer Deaflympic Games, was an international multi-sport event held at Festa da Uva, Caxias do Sul, Brazil. The International Committee of Sports for the Deaf (ICSD) is the main governing body responsible for the organisation of the Deaflympics and other World Deaf Championships.
This is the first time the Games are being held in a Latin American country and not during the summer of the host city (as it is autumn in May in the south of Brazil) and the third time for the Games to be held in the Southern Hemisphere only after 1989 games held in Christchurch in New Zealand and 2005 games in Melbourne, Australia. The event was opened by Michelle Bolsonaro, the First Lady of Brazil.
The motto of the 2021 Deaflympics
The Motto of the event is “Sports comes from the our hearts”
Mascot
The mascot of the Deaflympics is the Ring-tailed Coati – Nino, meaning priceless, worthy of appreciation, cheerful, happy, very lucky, and auspicious.
Events and Participation
A total number of 226 events across 18 sports were held with a participation of 2,349 athletes representing 71 nations.
Total Medal Tally:
| Rank | Country | Total |
| 1 | Ukraine | 138 (Gold- 62, Silver- 38, Bronze- 38) |
| 2 | USA | 55 (Gold- 20, Silver- 11, Bronze- 24) |
| 3 | Iran | 40 (Gold- 14, Silver- 12, Bronze-14) |
| 9 | India | 17 (Gold- 8, Silver- 1, Bronze- 8) |
Medals Won by India:
| Athlete | Event | Medal |
| Dhanush Srikanth | Men’s 10m air rifle | Gold |
| Abhinav Deshwal | Men’s 10m air pistol | Gold |
| Dhanush Srikanth & Priyesha Deshmukh | Mixed team 10m air rifle | Gold |
| Badminton Team | Mixed team badminton | Gold |
| Jerlin Jayaratchagan | Women’s singles badminton |
Gold |
| Diksha Dagar | Women’s golf | Gold |
| Jerlin Jayaratchagan & Abhinav Sharma | Mixed doubles badminton | Gold |
| Sumit Dahiya | Men’s freestyle 97kg | Gold |
| Prithvi Sekhar & Dhananjay Dubey | Men’s doubles tennis | Silver |
| Shourya Saini | Men’s 10m air rifle | Bronze |
| Vedika Sharma Women’s | 10m air pistol | Bronze |
| Abhinav Sharma | Men’s singles badminton | Bronze |
| Prithvi Sekhar | Men’s singles tennis | Bronze |
| Prithvi Sekhar & Jafreen Shaik | Mixed doubles tennis | Bronze |
| Virender Singh | Men’s freestyle 74kg | Bronze |
| Amit Krishan | Men’s freestyle 86kg | Bronze |
S N Subrahmanyan: Appointed as MD and CEO of Larsen & Toubro
S.N. Subrahmanyan, the current deputy managing director and president of Larsen and Toubro Ltd (L&T), has been named managing director and chief executive officer, marking the first change of guard at the top of India’s largest engineering and construction corporation in 18 years. S.N. Subramanyam will replace A.M. Naik as the CEO of the company.
KEY POINTS:
- L&T said that A.M. Naik, the company’s long-serving chairman, has been named non-executive chairman for three years to ensure a smooth transition of leadership and to provide direction and mentorship to management.
- The present term of Naik as group executive chairman expires on September 30. He had been given a five-year extension till the company’s annual general meeting in 2017, which he had received in 2012.
- During Naik’s 18-year tenure, the $16 billion-in-revenue L&T has gone global, waged bitter battles with competitors, avoided a hostile acquisition, and diversified into various new sectors, including defence equipment manufacturing.
- Subrahmanyan also takes over at a difficult time: private investment demand in India hasn’t taken off, West Asia is slowing due to low oil prices, and the company has a high working capital and low return on equity.
About Larsen & Toubro:
Larsen & Toubro Ltd, or L&T, is an Indian multinational conglomerate headquartered in Mumbai with interests in engineering, construction, manufacturing, technology, and financial services. The firm is one of the top five construction firms in the globe. It was formed in India by two Danish engineers who had sought asylum there. L&T Group has 118 subsidiaries, 6 associates, 25 joint-venture and 35 joint operations firms as of 2020, with operations in basic and heavy engineering, real estate, capital goods manufacturing, information technology, and financial services.
Sunil Arora, India’s former Chief EC, has been named Chairman of Gram Unnati
Sunil Arora, the former chief election commissioner, has been named as the new non-executive chairman of Gram Unnati’s board. Arora is a retired civil servant (IAS) with over 36 years of experience. He has worked as the secretary of two important ministries, the Ministry of Information and Broadcasting and the Ministry of Skill Development and Entrepreneurship.
About Gram Unnati:
Gram Unnati is a social venture that helps farmers increase their net income by increasing price realisation, enhancing agricultural productivity, and lowering cultivation costs. Gram Unnati provides agro-processors, banks, agro-input manufacturers, research institutes, and others with the physical and technological infrastructure they need to reach and service farmers. Gram Unnati offers marginal farmers consulting services, low-cost high-quality inputs, and market connections, as well as tailored production, logistics, and end-to-end quality control of agricultural products to institutional purchasers.
About Sunil Arora:
Sunil Arora, the 23rd Chief Election Commissioner of India, was born on April 13, 1956. He also serves as the president of the Association of World Election Bodies (A-WEB). He is a retired Rajasthan cadre Indian Administrative Service (IAS) officer from the 1980 batch. He also worked for the Indian government as a secretary in two ministries.
Somalia elects Hassan Sheikh Mohamud as new president
Somali legislators have elected former leader Hassan Sheikh Mohamud as the country’s next president, following a long-overdue election in the troubled Horn of Africa nation. Hassan Sheikh Mohamud, who served as Somalia’s president between 2012 and 2017, won the contest in the capital, Mogadishu, amid a security lockdown imposed by authorities to prevent deadly rebel attacks. He defeated Mohamed Abdullahi Mohamed (also known as Farmajo).
The presidential elections committee said in a statement that Mohamud collected 214 votes against 110 casts in favour of incumbent president Mohamed Abdullahi Mohamed Farmaajo in a final third round. The 66-year-old Mohamud is the leader of the Union for Peace and Development Party, which commands a majority of seats in both legislative chambers.
Important takeaways for all competitive exams:
- Federal Republic of Somalia Capital: Mogadishu;
- Federal Republic of Somalia Currency: Somali Shilling (SOS);
- Federal Republic of Somalia Prime Minister: Mohammed Hussein Roble.
British Mountaineer Kenton Cool becomes first foreigner to scale Everest 16 times
A British climber Kenton Cool has scaled the world’s highest mountain for the 16th time becoming the first foreign climber to make the most Mt Everest summits. Kenton also holds a record of the first British mountaineer who climbed Mt Nuptse, Mt Everest and Mt Lhotse in a season in 2013. Last year, Kenton had made it to the top of Mt Lhotse in less than 29 hours after scaling the world’s highest peak. Previously, American climber Dave Hahn has climbed Mt Everest 15 times.
According to Iswari Poudel, Managing Director at Himalayan Guides Nepal Pvt Ltd, Kenton Cool from Gloucestershire, South West England, also broke his own British record for the most summits of the world’s highest peak.
Uber Cup 2022: Uber Cup All details
Uber Cup 2022
Total Engines BWF Thomas and Uber Cup finals 2022 also known as Thomas and Uber Cup 2022 is the 32nd edition of the Thomas Cup and 29th edition of the Uber Cup. Uber Cup is also known as the world women’s team championship. It is an international badminton competition played by women’s national badminton teams. The first Uber Cup was held between 1956 and 1957. Uber Cup was contested every 3 years and now it is contested every 2 years since 1984 after the times and venues were merged with Thomas Cup. The Uber Cup is named after former British women’s badminton player Betty Uber, who generated the idea of hosting a woman’s event in 1950. Uber cup and Thomas Cup follow the same format.
Since the Uber cup and Thomas Cup are merged, this year Thomas Uber Cup took place from 8 May 2022 to 15th May 2022 in Bangkok, Thailand. The host for Thomas Uber Cup 2022 was Bangkok. Bangkok has been named as the host in November 2018 during the BWF council meeting in Kuala Lumpur Malaysia. BWF has announced that Bangkok will be the host of 18 major events including the Thomas and Uber Cup, Sudirman Cup, BWF world championship, BWF world junior championship, and BWF world senior Championship from 2019 to 2015.
Groups for Uber Cup 2022
- Group A- This year group A consists of Japan, France, Indonesia, and Germany. Japan was the 2018 champion of the Uber cup.
- Group B- Group B is the most impactful group in Uber Cup. The teams in group B are China, Chinese Taipei, Spain, and Australia.
- Group C- Group C comprises Thailand Malaysia Egypt and Denmark. From these teams, Thailand has a stronghold in the game with its remarkable players Ratchanok Intanon, Busanan Ongbamrungphan, and Pornpawee Chochuwong.
- Group D- Final group of Uber Cup 2020 has India which is led by PV Sindhu, Korea, Canada, and the USA.
Thomas Uber Cup: Performance of India
Uber Cup 2022: Team India
India exited Uber Cup 2022 after losing the quarter-finals tie with the host team Thailand by 0-3. The match was held on 12th May 2022 and India was not able to qualify for the quarter-final tiebreaker. The Indian team for Uber Cup was led by PV Sindhu and she was the biggest hope for India. PV Sindhu did not give the team the desired outcomes and lost to Ratchanok Intanon in 3 games.
Thomas Cup 2022: Team India
In the Thomas Cup Indian men’s badminton team beats the 14 times champion Indonesia and create history by winning Thomas and Uber Cup 2022 on 15th May 2022. In the first match, Lakshya Sen defeated Anthony Ying with 8-12, 21-17, and 21-16 points. This was the first lead for India in the tie. This boosted the confidence of the team and Satwiksairaj Rankireddy and Chirag Shetty played the men’s double and won the match too. They played the match against Mohammad Ahsan and Kevin Sanjaya Sukomuljo with 18-22, 23-21, and 21-19. This gave India a lead of two points and the Thomas Cup. All the expectations were now on Kidambi Srikanth, who played against Jonatan Christie. This game also went in India’s favor with 21-15, and 23-21 points and gave India the first-ever historic win in Thomas Cup Championship. This makes India the only 6th nation ever to win the prestigious prize of the Thomas Cup.
FAQs related to Thomas and Uber Cup 2022
Q1. Where can I watch Thomas and Uber Cup 2022?
Ans. All the Indian badminton fans can stream the Thomas Uber Cup 2022 on Voot select or they can enjoy live streaming of the tournament on BETV after paying subscription fees.
Q2. Who is the winner of the Thomas Cup 2022?
Ans. India is the winner of the Thomas Cup 2022
Q3. Has India ever won the Uber cup?
Ans. India won the Thomas over Cup 2020 for the first time in its history.
Q4. Which country won the Uber Cup 2022?
Ans. South Korea won the Uber Cup 2022 by defeating China.
Ramgarh Vishdhari notified as India’s 52nd tiger reserve
Minister for Environment, Forest and Climate Change, Bhupender Yadav has announced that Ramgarh Vishdhari Tiger Reserve in Rajasthan has been notified as Rajasthan’s 4th and the 52nd tiger reserve of India. It will help to conserve biodiversity and bring ecotourism and development to the area. The National Tiger Conservation Authority (NTCA) had given in-principle approval to make Ramgarh Vishdhari Wildlife Sanctuary and adjoining areas as tiger reserves on July 5 last year.
Wild animals like Indian wolf, leopard, striped hyena, sloth bear, golden jackal, chinkara, nilgai and fox can be seen in the Ramgarh Vishdhari Tiger Reserve. According to the “Status of Tigers in India” report released in 2019, there are 2,967 tigers in 20 states across the country.
Other Three Tiger Reserves
- Ranthambore Tiger Reserve (RTR) in Sawai Madhopur
- Sariska Tiger Reserve (STR) in Alwar
- Mukundra Hills Tiger Reserve (MHTR) in Kota.
LIC Shares sluggish listing leads to Investors loss over Rs 50,000 crore
LIC IPO
Life Insurance Corporation of India (LIC) shares made a lacklustre start on the stock exchanges, trading at a discount to the initial public offering price. The shares of the insurance behemoth began trading on the BSE and NSE at Rs 872 per share, down 8.11 percent from the IPO price of Rs 949 per share. The stocks fell despite the fact that the Sensex and Nifty were in the green. The Rs 21,000-crore public issuance by LIC is the largest Dalal Street has ever seen. Earlier this month, the issue had a robust response from all investor groups over a large six-day subscription window, rather than the regular three-day window.
About LIC Market Capital:
- LIC had a market capitalisation of Rs 5.5 lakh crore when it went public.
- The LIC IPO took place amid a difficult time for Dalal Street and at a lower valuation than had been recommended previously.
- The government of India has sold just 3.5 percent of its interest to the public through the issuance, down from the previously discussed 5 percent.
Prior to the LIC shares being listed on the stock exchange, the stock was trading at a slight discount on the grey market. Analysts had varied feelings about the outcome. Retail investors, LIC staff, and LIC policyholders, on the other hand, received discounts. With this in mind, the break-even price for retail investors and LIC workers was Rs 904 per share, which was 5% lower than the issue price. Meanwhile, LIC policyholders were awarded a reduction of Rs 60 per share, resulting in a break-even price of Rs 889 per share.
Prime Minister Narendra Modi attended the Shilanyas ceremony
On the invitation of Nepal’s Prime Minister, Shri Sher Bahadur Deuba, Prime Minister Shri Narendra Modi conducted an official visit to Lumbini, Nepal, coinciding with the auspicious event of Vaishakha Buddha Purnima. This was Shri Narendra Modi’s fifth visit to Nepal as Prime Minister, and his first to Lumbini.
KEY POINTS:
- Both Prime Ministers paid a visit to the Mayadevi temple, which houses Lord Buddha’s birthplace. The Prime Ministers paid donations and attended Buddhist ceremonies and prayers at the temple.
- The Prime Ministers lighted lamps and paid a visit to the Ashoka Pillar, which contains the first epigraphic proof of Lumbini being the birthplace of Lord Buddha. They also watered the holy Bodhi tree that Prime Minister Modi presented to Nepal during his 2014 visit.
- Prime Minister Shri Narendra Modi and Prime Minister Shri Sher Bahadur Deuba both attended the event “Shilanyas” ceremony for the construction of the India International Centre for Buddhist Culture and Heritage on an International Buddhist Confederation site in Lumbini (IBC).
- The Lumbini Development Trust gave the property to the IBC in November 2021. The Prime Ministers also unveiled a model of the Buddhist centre, which is planned as a Net-Zero compliant world-class facility with prayer halls, meditation centres, libraries, exhibition halls, cafeterias, and other amenities open to Buddhist pilgrims and tourists from around the world.
- It will be the first building in Nepal to attain Net Zero Emission with Radiant Cooling technology and water bodies, with a built-up area of 6300 square metres. The project is estimated to cost Rs 9846.46 lakhs.
Attendees:
- Prime Minister of Nepal: Shri Sher Bahadur Deuba
- Ministers for Home Affairs of Nepal: Mr. Bal Krishna Khand
- Minister for Foreign Affairs: Dr. Narayan Khadka
- Minister for Physical Infrastructure and Transportation: Ms. Renu Kumari Yadav
- Minister for Energy, Water Resources and Irrigation: Ms. Pampha Bhusal
- Minister for Culture, Civil Aviation and Tourism: Mr. Prem Bahadur Ale
- Minister for Education: Mr. Devendra Paudel.
Eicher Motors named B Govindarajan as new CEO of Royal Enfield
Eicher Motors has appointed B Govindarajan as the Chief Executive Officer of Royal Enfield. He will also serve as the Wholetime Director of the Board of Eicher Motors Limited. Since 2021 August, Govindarajan had been serving the company as the executive director, prior to which he was associated as the chief operating officer since 2013.
Govindarajan played a key role in the development of the Himalayan, Continental GT 650 and Interceptor INT 650 and the recent J-platform based Meteor and Classic 350 models. He has spent over 23 years working across Royal Enfield and Eicher Motors and over the years.
About the Royal Enfield:
Royal Enfield is an Indian multinational motorcycle manufacturing company headquartered in Chennai, Tamil Nadu, India. The company is the oldest global motorcycle brand in continuous production and operates manufacturing plants in Chennai in India.
Important takeaways for all competitive exams:
- Royal Enfield Headquarters: Chennai;
- Royal Enfield Founded: 1955;
- Royal Enfield Parent organization: Eicher Motors.
Emmanuel Macron names Elisabeth Borne as France’s new prime minister
Elisabeth Borne was appointed France’s new Prime Minister to become the second woman to hold the post in the country. She has served as Labor Minister in Macron’s previous government since 2020. Borne is the second woman to hold the position after Edith Cresson, who was Prime Minister from 1991-to 1992 under Socialist President Francois Mitterrand.
Borne, succeeds Jean Castex, whose resignation was expected after President Emmanuel Macron’s reelection last month. Macron and Borne are expected to appoint the full government in the coming days. Macron is expected to name a new prime minister shortly. French media say Labor Minister Elisabeth Borne is the favourite for the job. In France, it’s common for presidents to have more than one prime minister during their terms.
Important takeaways for all competitive exams:
- France Capital: Paris;
- France President: Emmanuel Macron.
Dr Kamal Bawa Elected to US’ National Academy of Sciences
The chief of Bengaluru-based Ashoka Trust for Research in Ecology and the Environment (ATREE), Dr Kamal Bawa has been elected to the US National Academy of Sciences. The election is the reaffirmation of our important work on the ecology, conservation, and management of tropical forests that are declining all over the world but are critical to humanity’s well-being. He is also an elected fellow of the Royal Society (London) and the American Philosophical Society.
Dr Bawa had brought together a few scientists from India’s leading institutions to develop the National Mission on Biodiversity and Human Wellbeing under the banner of the Biodiversity Collaborative which got the backing of the office of the principal scientific adviser to the Government of India and is currently funded by the Rohini Nilekani Philanthropies.
PM Modi unveils India’s first 5G test bed, estimated to be worth Rs 220 crore
Prime Minister Narendra Modi launched India’s first 5G testbed, allowing startups and industry players to test and certify their technologies domestically and lessen reliance on foreign facilities. The testbed was built at a cost of approximately Rs 220 crore. The Prime Minister said the 5G testbed is a significant step toward self-reliance in the direction of critical and modern technologies while speaking at the Telecom Regulatory Authority of India’s silver jubilee celebrations.
KEY POINTS:
- The 5G testbed was created as a collaboration project between eight institutes, led by IIT Madras.
- Because there was no 5G testbed in the United States, entrepreneurs and other industry players had to fly abroad to test and certify their products before they could be installed in a 5G network.
- IIT Delhi, IIT Hyderabad, IIT Bombay, IIT Kanpur, IISc Bangalore, Society for Applied Microwave Electronics Engineering & Research (SAMEER), and Centre of Excellence in Wireless Technology were among the other institutions involved in the research.
Cameroonian activist wins Wangari Maathai Forest Champions’ Award 2022
Wangari Maathai Forest Champions Award 2022
Cameroon Activist, Cécile Ndjebet has won the 2022 Wangari Maathai Forest Champions Award in recognition of her outstanding contribution to preserving forests and improving the lives of people who depend on them. This award celebrates Cécile Ndjebet’s energy and dedication over three decades to promoting women’s rights to land and forests. She has actively shown that women’s participation in forest governance and preservation is fundamental to achieving sustainable forest management.
Ndjebet has tirelessly promoted the concept that women should be involved in forest management and have equal rights to forest land and resources – and that when they do, forests are better preserved and entire communities benefit.
About the Award:
The award was presented by the Collaborative Partnership on Forests (CPF), which is chaired by the Food and Agriculture Organization of the United Nations (FAO), the award was conferred at a ceremony during the XV World Forestry Congress in Seoul, the Republic of Korea.
Previous Wangari Maathai Forest Champion Award winners are Nepalese community forestry movement leader Narayan Kaji Shrestha (2012), Mexican environmental campaigner Martha Isabel ‘Pati’ Ruiz Corzo (2014), Ugandan forestry activist Gertrude Kabusimbi Kenyangi (2015), Brazilian forestry activist Maria Margarida Ribeiro da Silva (2017), and Burundian forestry activist Léonidas Nzigiyimpa (2019).
India now the top beneficiary from overseas remittances
According to the World Bank, India has surpassed Mexico as the top remittance receiving country in 2021, pushing China to third place. In 2021, India received remittances totaling more than $89 billion, an increase of 8% above the $82.73 billion received in 2020. Despite the fact that the world was significantly hit by Covid in 2020, remittances were somewhat higher than the $82.69 billion in the non-Covid year of 2019.
Key Points:
- The dropping value of the rupee against the dollar accounts for some of the increase.
- Inbound remittances to India will continue to climb this year, aided by one of the lowest transaction costs in the world.
- The average cost of transferring $200 was $6 globally, but it was the cheapest to send money to South Asia (4.3 percent) and the most expensive to send money to Sub-Saharan Africa (7.3 percent) (7.8 percent).
- Remittances to low- and middle-income countries (LMICs) are predicted to rise by 4.2 percent in 2022, reaching $ 630 billion.
- This follows a strong 8.6% increase in 2021, when remittance flows totaled $605 billion, far above the World Bank’s forecast.
- Remittance inflows into South Asia increased by 6.9% in 2021.
Adani Group to buy Ambuja Cements, ACC for $10.5 bn
Adani Group which belongs to Gautam Adani is set to acquire swiss multinational company Holcim’s stake in Indian companies Ambuja Cements and its subsidiary ACC for $10.5 bn (around Rs 81,361 crore), including the open offers. The value for the Holcim stake and open offer consideration makes this the largest ever acquisition by Adani and India’s largest-ever Mergers and Acquisitions (M&A) transaction in the infrastructure and materials space. “Our move into the cement business is yet another validation of our belief in our nation’s growth story
Holcim, through its subsidiaries, holds 63.19 per cent in Ambuja Cements and 54.53 per cent in ACC (of which 50.05 per cent is held through Ambuja Cements). Deutsche Bank, BarCap and Standard Chartered were financiers to the deal. Deutsche Bank was the financial adviser to Adani Group.
India overtakes Germany to become 4th largest vehicle market
India overtakes Germany 4th largest vehicle market
According to the report released by Organisation Internationale des Constructeurs d’Automobiles (OICA), India has surpassed Germany to become 4th largest vehicle market in the world. The 1st was occupied by China, followed by the US and Japan. Despite the Covid-19 pandemic, India sold 3,759,398 vehicles in 2021 as compared to 2,973,319 vehicles in Germany. This is almost 26 per cent of growth and the only country to register double-digit growth among the top 5 countries.
Key points of the report:
- India is expected to become the third-largest Vehicle market by 2025, However, it requires India to surpass Japan which sold 4,448,340 units in 2021.
- The personal mobility space is around 33 vehicles per 1,000 which is one of the lowest compared to the developed market.
- The topmost position is secured by China however the automobile sales remained stagnant. Similarly, the United States of America (USA) too reported 4 per cent growth. v.Thirdly, Japan holds the 3rd position however it shrunk compared to both 2020 and 2019.
