Which company has announced(8th Dec 2022) the appointment of Shenu Agarwal as its MD & CEO?

Daily Current Affairs

Ashok Leyland

Eicher Motors

Force Motors

BharatBenz

Correct Answer : Ashok Leyland

Ashok Leyland, the flagship company of the Hinduja group and India’s leading commercial vehicle manufacturer, on Thursday(8th Dec 2022) announced the appointment of Shenu Agarwal as its new Managing Director(MD) and Chief Executive Officer(CEO).

* Shenu joins Ashok Leyland from Escorts Kubota Ltd, where he was president.

* He was chief executive for the agribusiness for more than seven years and associated closely with the transformation of Escorts into a leadership position by ushering in contemporary global standards of design, quality, and manufacturing.

* Assuming charge, Agarwal will drive the technology development, growth, and future strategy for the company towards achieving our vision to be among the top 10 Commercial Vehicle players globally.

* Dheeraj Hinduja, executive chairman, Ashok Leyland observed “Shenu has a proven track record as a leader from a business conglomerate and is an allrounder having worked in different capacities in many disciplines.

* Our focus on reliability, ambition to achieve global scale, and our constant pursuit of enhancing stakeholder value at Ashok Leyland all will get further strengthened with Shenu at the helm.

* I am optimistic that the company will carve new niches in the mobility sector soon under his stewardship and I wish him the very best for the future."

* “I am honoured and feel privileged to be part of Ashok Leyland, an institution with a rich 75-year legacy of pioneering technology leadership. I look forward to working closely with all the stakeholders and employees to help achieve in an accelerated manner Ashok Leyland’s Vision to be among the Top 10 CV manufacturers globally.” said Shenu Agarwal..

Source : Business Standard

Published On : December 10, 2022

Theme for International Labour Day 2024 :

Every year, the theme is announced by international labour organisations like the International Labour Organization (ILO). This year, the focus is on ensuring safety and health at work in a changing climate.

Significance and Celebrations :

Labour Day is celebrated with various events and festivities worldwide, including parades, marches, speeches, and cultural performances. These celebrations serve to honor the contributions of workers and the labour movement, and in many countries, it is observed as a national public holiday.

Published On : May 1, 2024

Q .

Which Company New Offline QR Code 'Scan & Pay' Service Revolutionizes Payment Landscape?

Paytm

Cred

PhonePe

BharatPe

Correct Answer : Option (B) - Cred

Fintech company 'Cred' has launched a UPI-based ‘Scan and Pay’ service that enables members to use any QR code for payments directly from their bank accounts.

The launch move marks Cred's foray into the offline payments space dominated by PhonePe, Google Pay, and Paytm.

Cred has been pushing its UPI (Unified Payments Interface) payments feature aggressively. The company said the feature will be convenient to make offline retail payments at large format stores. Such stores comprise supermarkets, fast-food joints, beauty salons, fashion boutiques, and various lifestyle retailers. The focus is on merchants with substantial average transaction amounts and whose patrons predominantly opt for credit card payments, it said.

Regardless of the payment method used, Cred will offer users rewards for each transaction. Users may deduct these benefits from their credit card expenses.

Published On : May 1, 2024

Q .

Maharashtra Foundation Day (or) Maharashtra Divas is celebrated every year on?

April 29th

April 30th

May 1st

May 2nd

Correct Answer : Option (C) - May 1st

Maharashtra Day, also known as Maharashtra Divas, is celebrated every year on May 1st to commemorate the formation of the state in 1960. Maharashtra was carved out of the Bombay Presidency and declared a separate state on this historic day. Present-day Gujarat constitutes the other part of the former Bombay state. The division was a result of the States Reorganisation Act of 1956, which aimed to reorganize states based on linguistic boundaries, following massive protests for linguistic states.

Maharashtra Diwas 2024 – Date :

Maharashtra Day, also known as Maharashtra Diwas, is celebrated annually on May 1st, marking the formation of the state of Maharashtra in 1960. This date holds immense importance for the Marathi people, serving as a reminder of their unity, resilience, and cultural heritage.

Maharashtra Foundation Day 2024 – History :

May 1st carries a dual significance as it is also celebrated as International Labour Day worldwide and Gujarat Day in India. The historical backdrop of Maharashtra’s formation is rooted in the linguistic reorganization of states following India’s independence. Bombay, comprising Marathi, Gujarati, Konkani, and Kutchi speakers, faced challenges due to linguistic disparities, leading to agitation for statehood based on linguistic lines.

The State Recognition Act of 1956 acknowledged Bombay as a multilingual state. However, the linguistic diversity caused disturbances and complexities. Movements like the Samyukta Maharashtra Movement and the Mahagujarat Movement emerged, demanding the division of Bombay into separate states for Marathi and Gujarati speakers. These movements culminated in the formation of Maharashtra and Gujarat on May 1, 1960.

Published On : May 1, 2024