Losoong/Namsung: This festival is normally observed in the first week of the 11th month of the Lunar Year. The Bhutias call it 'Losoong' and the Lepchas call it 'Namsung' which means a new year celebration. The festival marks the end of the harvest season and also marks the end of the farmers year.
Fairfax and Capital Group-backed non-banking finance company IIFL Finance appointed former State Bank of India boss Arun Purwar as chairman of its board.
Ratings and research firm Icra has estimated that India's economy will grow at 9% in FY22 and FY23 amid the uncertainty triggered by the Omicron variant of Covid-19.
France has taken charge of the presidency of the Council of the European Union with effect from January 01 and will hold the EU presidency for the next six months till June 30, 2022.
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