Karnataka Schools, Colleges, Offices Closed as State Mourns Ex-CM SM Krishna
Bengaluru, December 11 - The Karnataka government has declared a holiday to all government offices and schools and colleges on Wednesday, December 11, as a mark of respect to veteran politician and former Chief Minister Somanahalli Mallaiah Krishna who passed away following a prolonged illness. Krishna breathed his last at 2:45 am on December 10 after a prolonged illness.
The Karnataka government also announced state mourning for three days starting from December 10. His last rites will be performed with full state honours at Somanahalli in Mandya district today. During the three-day state mourning period, there will be no official entertainment programmes and the national flag will be flown at half mast in all government buildings.
New RBI Governor Sanjay Malhotra Inaugurates Office
Revenue Secretary IAS Sanjay Malhotra, who has been appointed as the next Reserve Bank of India (RBI) Governor, will begin his term as the central bank chief today. The Appointments Committee of the Cabinet has appointed Malhotra for a three-year term from December 11, 2024.
Notably, Malhotra will be the 26th RBI Governor, succeeding Shaktikanta Das, whose tenure ended on December 10. Malhotra is an IAS officer from the 1990 batch; he graduated in computer science from the Indian Institute of Technology (IIT), Kanpur, and completed his Master's in Public Policy from Princeton University, United States.
PM Modi to Interact with Young Innovators
Prime Minister Narendra Modi will interact with young innovators at the grand finale of Smart India Hackathon 2024 via videoconferencing at 4:30 pm today. He will also address the over 1,300 student teams participating, it added.
Like in past editions, the student teams will work on either the problem statements given by ministries, departments, or industries or submit their own ideas in the Student Innovation Category against any of the 17 themes linked to sectors of national importance.
Toyota Launches 9th Edition of Camry
The ninth-generation Toyota Camry is set to be launched in India today. The new model will come with several upgrades and improvements over its predecessor. The company will unveil the car at a special event tomorrow, December 12.
IPOs Today: Mobikwik, Vishal Mega Mart and Sai Life Sciences
Mobikwik IPO, Vishal Mega Mart IPO and Sai Life Sciences IPO are all set to hit the Indian primary market today. Bidding for these public issues will begin from 10 am today till 5 pm on December 13.
The financial impact of these IPOs is considerable - Mobikwik aims to raise ₹572 crore from this fresh IPO, while Vishal Mega Mart plans to raise ₹8,000 crore and Sai Life Sciences is set to collect at least ₹150 crore.