Vice Admiral K B Singh was appointed as the Vice Chief of Naval Staff, days ahead of the retirement of current Navy chief Admiral R K Dhowan and his deputy Vice Admiral P Murugesan.
In a series of changes carried out by the force at the top level, Chief of Personnel (CoP) Vice Admiral A R Karve has been appointed as FOC-in-C of the South Naval Command. Vice Admiral A K Chawla, DG, Naval Operation has been appointed as the new CoP, Navy officials said.
Vice Admiral G Ashok Kumar, Commandant of the National Defence Academy, Khadakwasla, has been made Deputy Chief of Naval Staff. Vice Admiral K B Singh is currently the Deputy Chief of Naval Staff.
2. Indian Oil reports highest ever net profit in single year
India’s largest fuel retailer Indian Oil Corporation (IOC) reported its highest ever net profit in a single year at Rs 10,399 crore in FY16, nearly double the level (Rs 5,273 crore) reported in FY15. This is despite its total income from operations dropping by 19.86% to Rs 3,50,603 crore in FY16 against Rs 4,37,524 crore in FY15.
It impacted its net prfoit by Rs 2,464 crore. At the same time, it booked about R1,494 crore of impairment losses.
Till now, IOC had reported the highest profit of R10,200 crore in 2009-10 when crude oil prices were at peak, said Ashok. The government-owned company has reported a gross refining margin of $5.06/barrel in FY16 against $0.27/barrel in FY15.
3. Indian-American scientist wins Springer Theses Award
An Indian-American scientist has received the prestigious Springer Theses Award in recognition for his outstanding research in which he developed transgenic mice to study a critical tumor-suppressor called A20.
Arnab De's thesis was nominated by New York's Columbia University. Before this, De, who has also developed peptide-based prodrugs as therapeutics for diabetes, had received the Young Investigator Award at the American Peptide Symposium.
The thesis prize is awarded by Springer, a leading global publisher of renowned scientific journals and books, to recognize outstanding PhD research.
Internationally top-ranked research institutes select their best thesis annually for publication in the book series: "Springer Theses: Recognising Outstanding PhD research".
Additionally, winners also get a cash prize of 500 euros. The research work was highlighted by the European Molecular Biology Organization (EMBO) Reports.
Only research considered to be of 'fundamental relevance to a general readership' is chosen to be highlighted by EMBO.
4. Tata Group enters e-commerce market with apparel, electronics website
The Tata Group became the newest entrant into the country's ecommerce market with the launch of its online shopping portal 'TataCLiQ.com'. Tata Industries will have 90 percent share in TataCliq while Trent, another Tata group company will have 10 per cent shares.Tata Unistore will operate its online marketplace.
5. Sadhguru to lead yoga session at UN on 2nd International Yoga Day
Spiritual leader and Isha Foundation founder Sadhguru Jaggi Vasudev will lead a yoga session at the UN on the occasion of the second International Yoga Day next month. The International Yoga Day will be commemorated on June 21 and this year’s focus will be on the theme of Yoga for the Sustainable Development Goals. India’s Permanent Mission to the UN said Sadhguru will lead the yoga session at the international yoga day in the premises of the world body’s headquarters.
The first International Yoga Day was commemorated at the UN with aplomb last year, with External Affairs Minister Sushma Swaraj leading the celebrations along with UN Secretary General Ban Ki-moon, spiritual guru Sri Sri Ravi Shankar and US Congresswoman Tulsi Gabbard.
6. Petroleum Minister Launches Website of IIPE Visakhapatnam
The Minister of State (I/C) for Petroleum & Natural Gas, Shri Dharmendra Pradhan launched the website (www.iipe.ac.in) of Indian Institute of Petroleum & Energy (IIPE) established in Visakhapatnam, Andhra Pradesh for Petroleum and chemical engineering.
7. Indian author wins Asian Book Award
A 31-year-old Indian woman author in Singapore has won the 'Scholastic Asian Book Award' for her 32,000-word manuscript rooted in "love of Indian history".
Aditi Krishnakumar won the Singapore dollar 10,000 award this week for her manuscript "Codex: The Lost Treasure of the Indus".
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