Top Trending Appointments News & Highlights
Rushabh Gandhi has been appointed as India First Life Insurances MD and CEO
Rushabh Gandhi, the company's current deputy chief executive officer, has been promoted to the role of managing director and chief executive officer (MD and CEO), with approval from the board of IndiaFirst Life Insurance. Gandhi's selection fits the company's succession plan and represents a major turning point.Plans for Succession and Regulatory Clearances up July 1, 2024, or as soon as he has the required regulatory permissions, Gandhi will take up his new position. The approval of the company's shareholders, the Insurance Regulatory and Development Authority of India (IRDAI), and other legislative clearances are prerequisites for his nomination. Gandhi will take over as Managing Director and CEO once R.M. Vishakha retires on June 30, 2024.An accomplished professional with a strategic outlook Gandhi is expected to steer the company into a new phase, according to IndiaFirst Life Insurance. Gandhi, who has over 29 years of expertise in both domestic and foreign markets, has been a key contributor to the expansion and success of the business. His strategy plan is in line with the fundamental principles and ideals of IndiaFirst Life.Professional and Academic Qualifications Gandhi has an executive education from INSEAD in Fontainebleau, France, and a degree from the Narsee Monjee Institute of Management Studies (NMIMS). Since 2015, he has collaborated closely with R.M. Vishakha, obtaining invaluable knowledge and expertise in the insurance sector. Maintaining and Expanding Gandhi's internal promotion guarantees leadership continuity and a seamless transfer. His wealth of knowledge and in-depth comprehension of IndiaFirst Life's business operations put him in a strong position to lead the organization through its next stage of expansion and development.Recognition of the Industry and Regulatory Monitoring The insurance sector regulator, IRDAI, must review and approve Rushabh Gandhi's appointment as MD and CEO of IndiaFirst Life Insurance. By ensuring that the leadership transfer complies with industry norms and best practices, this regulatory oversight protects stakeholders' and policyholders' interests. IndiaFirst Life Insurance is dedicated to providing cutting-edge goods and services that meet the changing needs of its clients while keeping a laser-like focus on profitability and long-term growth as it sets off on this new path under Gandhi's direction.
Published 06 Jun 2024 11:21 AM
Results of the 2024 Lok Sabha election: Kiren Rijiju of the BJP leads from the Arunachal Pradesh West seat
Early results indicate that Kiren Rijiju of the BJP is ahead in the West constituency of Arunachal Pradesh while the ballots are being counted.In the Lok Sabha election, which is scheduled to have results on Tuesday, Kiren Rijiju, the Union Minister of Earth Sciences and Food Processing Industries, was leading from the West constituency of Arunachal Pradesh.According to preliminary results, Congressman Nabam Tuki, who the BJP leader had previously defeated in 2019 by a vote margin of 48.8%, was the closest challenger for the seat. According to the ECI, as of 10:45 am, Rijiju leads Tuki by a margin of 55,731 votes.Toko Sheetal of the Gana Suraksha Party (GSP), Ruhi Tangung of Janata Dal (United), and independent candidates Bimpak Siga, Leki Norbu, Techi Rana, and Tania June were among the other candidates in the election.Rijiju received 63.02% of the vote in 2019, compared to 14.22% for his opponent Nabam Tuki. Congress MP Takam Sanjoy lost the constituency to the Union minister in 2014.Voters in the first phase of the Arunachal West seat, which consists of 33 scheduled tribe reserved constituencies, turned out to be 70.11% of the total. Three-time Member of Parliament Rijiju assumed the Law Ministry in July 2021 after serving as the Minister of State (Independent Charge) for Youth Affairs and Sports from May 2019 to July 2021.As the minister of law, Rijiju frequently clashed with the legal system. Rijiju asserted during the November 2022 India Today summit that judges don't always recommend the best candidate for a position; rather, they only recommend the people they know for appointments and promotions. The BJP minister stated his opinion that the people of the nation should make judgments about significant issues like the institution of marriage rather than having them decided by judges during a hearing on same-sex marriages held by the Supreme Court in April 2023.Prime Minister Narendra Modi transferred Rijiju to the Ministry of Earth Sciences and named Arjun Ram Meghwal as the new Minister of Law and Justice one month later, in May.Rijiju established four new meteorological centers, launched a website called green alerts to disseminate weather-related information to the agricultural community, and pledged to see Maitri-II, India's recently proposed research station in Antarctica, built by 2029 after assuming the position of Minister of Earth Sciences in 2023.
Published 06 Jun 2024 11:19 AM
Vice-Chancellor Position Available at Central University; Pay: ₹ 2.10 Lakh
The deadline for registering to apply to be appointed vice-chancellor of Babasaheb Bhim Rao Ambedkar University (BBAU), Lucknow, has been extended by the Ministry of Education. The following websites have the advertisement and the application: https://www.education.gov.in and www.bbau.ac.in.The application form must be submitted by April 14, 2024. The monthly salary for this position is ₹ 2,10,000, plus a ₹ 11,250 Special Allowance in addition to other regular benefits. The terms and conditions outlined in the Act, University statutes, and ordinances will apply to the services. According to the official announcement, "As the head of both the academic and administrative departments, the vice-chancellor is expected to be a visionary who possesses demonstrated leadership qualities, administrative skills, and credentials in teaching and research." A minimum of ten years of experience as a professor in a university system or in a comparable role in a reputable research and/or academic administrative organization are required, as well as an exceptional academic record throughout. Preferably, the applicant shouldn't be older than 65." The BBAU Act of 1994 established Babasaheb Bhimrao Ambedkar University (BBAU) in Lucknow, a central university. Selection will be based on a list of candidates suggested by a committee established in accordance with the BBAU Act, 1994.
Published 18 Mar 2024 05:41 PM
Director of Program Hiring at IIT Delhi, Pay: ₹ 2.67 Lakh
Applications are being accepted by IIT Delhi for contract positions in a number of projects. For more information, interested and qualified candidates should visit the institute's official website. March 18, 2024 is the deadline to show up for the walk-in test/interview. Contractual or consolidated pay appointments will be made, and these will be renewed annually for the length of the project. "Applications are invited for dynamic individuals to manage the operations and to establish linkages with the industry," states the official notification from IIT Delhi. For the positions of Program Director (1) (Academic and Operations) and Program Director (1) (Partnerships and Development), the institute has called for qualified candidates. Candidates must possess a PhD with first class standing or its equivalent from a previous degree in the relevant field and a stellar academic record overall in order to be considered for the position of Program Director (1) (Academic and Operations). a minimum of ten years following a doctorate in teaching, research, or industry, along with an outstanding publication or exceptional industry experience, It would be ideal to have a highly skilled engineer or technician with a first-class MSc or MTech and at least ten years of experience. The preference will go to candidates with an MBA from a reputable university, or with previous experience managing international programs in a learning environment, outstanding communication skills in English, and proficiency with Microsoft Office or a comparable program. Salary ₹ 1,44,000-1,54,000-1,64,000-1,77,000-1,90,000-2,03,000-2,19,000-2,35,000-2,51,000-2,67,000/per month will be the Program Director's monthly allowance.
Published 11 Mar 2024 06:13 PM
Appointments
Appointments
India's Ambassador to Sweden is Anurag Bhushan.
The Ministry of External Affairs announced on May 15, 2025, that Anurag Bhushan, a senior diplomat from the 1995 batch of the Indian Foreign Service, will be India's next ambassador to Sweden. His hiring is a significant step toward strengthening ties between Sweden and India.The next ambassador of India to the Kingdom of Sweden is Anurag Bhushan, a seasoned member of the 1995 batch of Indian Foreign Service (IFS) officers. The appointment demonstrates India's strategic commitment to advancing its economic and diplomatic ties with Sweden, a vital partner in fields like sustainable development, clean energy, and technology. India's strategic commitment to enhancing diplomatic and economic ties with Sweden—a vital partner in fields like clean energy, technology, and sustainable development—is demonstrated by the appointment.bonds based on common interests and democratic ideals. Digital technology, research and development, clean energy, climate change, and sustainable growth are all areas of bilateral collaboration. LeadIT 2.0 is a collaborative India-Sweden platform for the low-carbon industrial transition that was introduced at COP28 (Dubai, 2023).bonds based on common interests and democratic ideals. Digital technology, research and development, clean energy, climate change, and sustainable growth are all areas of bilateral collaboration. LeadIT 2.0 is a collaborative India-Sweden platform for the low-carbon industrial transition that was introduced at COP28 (Dubai, 2023).
As Chairman of the BRICS Chamber of Commerce & Industry, Harvansh Chawla assumes leadership.
The Chairman of the BRICS Chamber of Commerce & Industry is Harvansh Chawla, the head of K.R. Chawla & Co. Advocates. The Chamber's emphasis on strengthening economic cooperation among the BRICS nations—Brazil, Russia, India, China, and South Africa—is highlighted by his selection.The new chairman of the BRICS Chamber of Commerce & Industry (BRICS CCI) is Harvansh Chawla, the founder and managing partner of K.R. Chawla & Co. Advocates. The Chamber's renewed dedication to promoting strong economic cooperation among the BRICS countries—Brazil, Russia, India, China, and South Africa—is demonstrated by this shift in leadership. Chawla is anticipated to promote creative collaboration and long-term growth within the bloc thanks to her more than three decades of experience in business law and international trade.Given the continued importance of the BRICS nations in influencing the world economy, this selection is noteworthy. More cooperation between the BRICS countries can improve commerce, investment, and sustainable development as the world negotiates changing geopolitical and economic environments. The Chamber's initiatives to foster economic relationships and facilitate communication between business communities and governments are set to be energized under Harvansh Chawla's leadership.BRICS Chamber of Commerce & Industry chairman Harvansh Chawla is a distinguished lawyer. Chawla said that he was honored to be named chairman of the BRICS CCI and that his goals are to foster sustainable growth, improve economic relations, and open up new avenues for cooperation among the countries that make up the BRICS.
The NALSA Executive Chairman is Justice Surya Kant.
Judge Surya Kant of the Supreme Court of India has been appointed by the President of India to serve as the next Executive Chairman of the National Legal Services Authority (NALSA). He will take office on May 14, 2025. In accordance with legal custom, he succeeds Justice BR Gavai.The President of India has named Justice Surya Kant, a current Supreme Court of India judge, as the new Executive Chairman of the National Legal Services Authority (NALSA). His appointment, which takes effect on May 14, 2025, is in keeping with the custom of designating the second-most senior apex court judge for this position. The national effort to give free legal assistance and encourage the poor to have access to justice will now be led by Justice Kant.NALSA, a crucial organization founded to guarantee legal services for the less fortunate segments of society, has nominated Justice Surya Kant as its Executive Chairman. In light of bolstering India's legal assistance system and carrying out the Article 39-A constitutional obligation, his nomination is noteworthy. Appointment Date: Effective from May 14, 2025 Appointed By: President of India Predecessor: Justice BR Gavai Legal Provision: Under Clause (b) of sub-section (2) of Section 3 of the Legal Services Authorities Act, 1987 Current Role: Chairman of the Supreme Court Legal Services Committee (SCLSC)Currently a Supreme Court judge, second in seniority after the Chief Justice. Known for his contributions to legal aid, judicial reforms, and access to justice. Previously served as Chief Justice of Himachal Pradesh High Court and Judge in Punjab and Haryana High Court.Established: 1995 under the Legal Services Authorities Act, 1987 Headquarters: New Delhi Aims to provide free legal services to the poor and marginalised. Focuses on Lok Adalats, legal awareness, and legal aid camps. Mandated by Article 39-A of the Indian Constitution to ensure equal justice.
The NALSA Executive Chairman is Justice Surya Kant.
Judge Surya Kant of the Supreme Court of India has been appointed by the President of India to serve as the next Executive Chairman of the National Legal Services Authority (NALSA). He will take office on May 14, 2025. In accordance with legal custom, he succeeds Justice BR Gavai.The President of India has named Justice Surya Kant, a current Supreme Court of India judge, as the new Executive Chairman of the National Legal Services Authority (NALSA). His appointment, which takes effect on May 14, 2025, is in keeping with the custom of designating the second-most senior apex court judge for this position. The national effort to give free legal assistance and encourage the poor to have access to justice will now be led by Justice Kant. Why in the news? NALSA, a crucial organization founded to guarantee legal services for the less fortunate segments of society, has nominated Justice Surya Kant as its Executive Chairman. His nomination is noteworthy in light of bolstering India's legal assistance system and carrying out Article 39-A of the Constitution.Important Points Scheduling Date: Commencing May 14, 2025 The President of India appointed Judge BR Gavai was the predecessor. Legal Provision: The Legal Services Authorities Act of 1987's Clause (b) of Subsection (2) of Section 3 Present Position: The Supreme Court Legal Services Committee's (SCLSC) chairman Concerning Justice Kant, Surya Second in seniority behind the Chief Justice, he is currently a judge on the Supreme Court. renowned for his contributions to access to justice, judicial reform, and legal aid. Previously, he was a judge in the Punjab and Haryana High Courts and the Chief Justice of the Himachal Pradesh High Court.
In a bureaucratic reorganization, Sanjeev Ranjan was appointed road transport secretary.
New Delhi: According to a personnel ministry order, senior IAS official Sanjeev Ranjan has been appointed secretary, Ministry of Road Transport and Highways (MoRTH), as part of a top-level bureaucratic reorganization carried out by the federal government. Ranjan is currently the chairman of the National Highways Authority of India (NHAI) and was a Tripura-bred IAS officer in 1985. He has been designated as a MoRTH officer on special duty.According to the decision, Yudhvir Singh Malik will be superannuated by the end of this month, and Ranjan will assume the position of MoRTH secretary on April 1, 2019. Ranjan will be replaced as the new head of the NHAI by Nagendra Nath Sinha. The National Highways and Infrastructure Development Corporation's managing director is N.N. Sinha. He will also continue to be in charge of this position.Rakesh Srivastava, who is scheduled to superannuate on March 31, will be replaced as secretary of the Ministry of Women and Child Development by Rabindra Panwar. Until Srivastava retires, Panwar, a special secretary and financial adviser in the Ministry of Home Affairs, will serve as OSD in the Ministry of Women and Child Development. Panwar will be replaced at the Home Ministry as special secretary and financial adviser by Bhupendra Singh, chairman of the National Authority for Chemical Weapons Convention.Anant Kumar Singh, who retires at the end of this month, will be replaced as secretary of the Department of Land Resources by senior bureaucrat Ruolkhumlein Buhril. Buhril is the secretary of the Home Ministry's Inter State Council Secretariat. He will assume the position of OSD at the Ministry of Rural Development's Department of Land Resources.
As Bihar's Chief Electoral Officer, IAS Vinod Kumar Gunjiyal takes over
Because of his varied administrative background and track record, the Election Commission has chosen IAS Vinod Kumar Gunjiyal as the state's new Chief Electoral Officer in advance of Bihar's important 2025 Assembly elections, entrusting him with managing the whole electoral process.The Election Commission has named IAS official Vinod Kumar Gunjiyal, a 2007-batch officer of the Bihar cadre, as the new Chief Electoral official (CEO) of Bihar in anticipation of the October–November 2025 Bihar Assembly elections. Gunjiyal, who has a good track record in governance, is well-known for his administrative prowess and broad departmental expertise.Why in the News? The Election Commission of India has appointed IAS Vinod Kumar Gunjiyal as the new Chief Electoral Officer (CEO) of Bihar ahead of the 2025 Assembly elections, replacing H R Srinivas. About the Appointment New CEO of Bihar: IAS Vinod Kumar Gunjiyal Appointed by: Election Commission of India Replaces: H R Srinivas, a 1996-batch IAS officer Objective: To ensure free, fair, and efficient elections in Bihar in October-November 2025Background of Vinod Kumar Gunjiyal Batch & Cadre: 2007-batch IAS officer, Bihar cadre Educational Qualification: Graduate in Mechanical Engineering Promoted to the Super Time Scale in Bihar administration Key Roles Previously Held Secretary: Prohibition, Excise & Registration Department Focused on enhancing regulatory efficiency and administrative discipline Director: Animal Husbandry Department and Fisheries Directorate Contributed to livestock and fisheries development Focus on sectoral growth and rural livelihood enhancement
Judge Kaveri Baweja was appointed as the Delhi High Court's Registrar (Vigilance).
Special Judge Arun Bhardwaj will take over as the Registrar General on May 1, 2025, while Special Judge Kaveri Baweja has been named the next Registrar (Vigilance) in a major administrative reorganization within the Delhi High Court. The Delhi excise policy case, the 1984 anti-Sikh riots, and cases related to the 2020 Northeast Delhi riots are just a few of the well-known cases that Judge Baweja has presided over. Her nomination demonstrates the court's focus on judicial integrity and experience while managing vigilance cases. In addition to hearing just coal scam cases, Judge Bhardwaj will assume an equally important administrative position at the court. Key Highlights Judge Kaveri Baweja’s New Role Appointed as Registrar (Vigilance) of the Delhi High Court on a deputation basis with immediate effect. Important Cases Handled by Judge Baweja Delhi Excise Policy Case Ordered former CM Arvind Kejriwal’s remand to the ED. Denied regular bail to former Deputy CM Manish Sisodia. 1984 Anti-Sikh Riots: Handed a life sentence to former Congress leader Sajjan Kumar. 2020 Delhi Riots Case: Stayed trial court order seeking further probe into Kapil Mishra’s alleged role.Judge Baweja's prior position was at Rouse Avenue Court as a Special Judge (PC Act) (CBI). Official Directive An administrative order from the Delhi High Court's Chief Justice's office confirmed the appointment. Position of Judge Arun Bhardwaj New Role: On May 1, 2025, I will take over as the Delhi High Court's Registrar General. Present Position: Principal District & Sessions Judge-cum-Special Judge (PC Act) (CBI) is the position currently held. Prior Contributions: renowned for only considering cases pertaining to the coal "scam," which makes him a reliable judge in delicate circumstances. Administrative Designation: Deputation-based appointment as an Officer on Special Duty (OSD) who will support the present Registrar General until he assumes leadership.
Chief Justice Sanjiv Khanna's successor, Justice BR Gavai, will be the next Chief Justice of India.
Following official permission, Justice B R Gavai will become the 52nd Chief Justice of India after Chief Justice Sanjiv Khanna selected him as his successor. Justice Gavai, a Supreme Court justice since 2019, is scheduled to succeed CJI Khanna on May 13, 2025.Chief Justice of India (CJI) Sanjiv Khanna appointed Justice B R Gavai, the Supreme Court's second-most senior judge, as his successor on April 16, 2025. Justice Gavai will become the 52nd Chief Justice of India following government acceptance of this pronouncement, which was sent in a letter to the Union Law Ministry. After CJI Khanna retires on May 13, 2025, Justice Gavai, who was nominated to the Supreme Court in 2019, will assume the position of Chief Justice. Over the course of several decades, Justice Gavai has made substantial contributions to Indian jurisprudence, especially in the areas of administrative and constitutional law.Justice B R Gavai's Career Overview: Background and Early Career Justice Gavai, who was born in Amravati, Maharashtra, joined the Bar in 1985 to start his legal career. Prior to 1987, he was employed by Raja S. Bhonsale, a former Advocate General and Bombay High Court judge. He focused on administrative and constitutional law while practicing mainly before the Bombay High Court's Nagpur Bench.Functions of the Government appointed to the Nagpur Bench in 1992–1993 as the Additional Public Prosecutor and Assistant Government Pleader. Later, starting in 2000, they were promoted to Public Prosecutor and Government Pleader. Career in Judiciary In November 2003, he was promoted to Additional Judge of the Bombay High Court. In November 2005, he was appointed a permanent judge of the Bombay High Court. appointed in May 2019 as a Supreme Court judge. Justice BR Gavai's Principal Contributions to the Court A number of historic decisions that Justice Gavai has contributed to have had a big impact on India's legal and constitutional environment. Among his noteworthy accomplishments are
The IWLF Athletes Commission has appointed Mirabai Chanu as its chairperson.
The Indian Weightlifting Federation's (IWLF) Athletes' Commission has elected Mirabai Chanu, a silver medallist at the Olympics, as its chairperson, and S. Sathish Kumar, a gold medallist at the Commonwealth Games, as its vice-chairperson. They will serve a four-year term.One of the most accomplished weightlifters in India, Mirabai has set numerous national records and achieved numerous historic firsts. She holds the national record with her personal best total lift of 205 kg, which includes 86 kg in snatch and 119 kg in clean and jerk.With an 88kg lift, she also owns the national record in snatch. She became the first Indian weightlifter to win a silver medal at the 2020 Tokyo Olympics, which was a turning point for the sport in the nation. She was the first Indian to win gold at the World Weightlifting Championships in more than 20 years in 2017, breaking a 22-year wait. "The Indian Weightlifting Federation has my sincere gratitude for choosing me to serve as its Chairperson of the Athletes Commission. I'm really proud to have the chance to speak for and support my fellow weightlifters," Mirabai remarked."I promise to treat the role's responsibilities with seriousness. In order to guarantee that we may continue to devote ourselves fully to the sport without being sidetracked by outside influences, I will endeavor to disseminate the players' voices and perspectives through all relevant channels," she stated.At the 2018 Commonwealth Games in Gold Coast, Sathish won a gold medal in weightlifting. He lifted a total of 317 kg when competing in the men's 77 kg division, which included 144 kg in snatch and 173 kg in clean and jerk. He had previously won the gold in Glasgow in 2014, and this was his second consecutive Commonwealth Games victory.
Senior-level appointments are announced by Yes Bank.
Mumbai: Rajeev Uberoi was named senior group president, governance and controls, while Anurag Adlakha was named senior group president and head, financial management and strategy, by Yes Bank on Monday. Uberoi will oversee management governance, compliance, vigilance, legal (general counsel), company secretarial, and control responsibilities at Yes Bank. Uberoi was previously in charge of legal and audit at IDFC Bank.Adlaka, the former CFO of Jana Small Finance Bank, will be in charge of advancing Yes Bank's financial results. According to a press release from the bank, both senior officials would answer directly to managing director and CEO Ravneet Gill.The Yes Bank board of directors further explained that the lender's liquidity and operational performance were strong, and that its financial condition was "sound and stable." To approve the financial results for the quarter that ended on June 30, 2019, the board will convene on July 17.Additionally, the bank denied "unfounded speculation about the stability of the bank's Board & management, asset portfolio, and future growth prospects, among other things."
Agrawal Seema designated as Fire and Rescue Services' DGP
The new Director-General of Police (DGP)/Director of Fire and Rescue Services is Seema Agrawal, a senior Indian Police Service (IPS) officer. After former DGP Abhash Kumar retired on March 31, she assumed this role. Seema Agrawal was the DGP of Civil Supplies prior to this position.Seven Additional IPS Offices Will Be Transferred to New Positions Seven additional IPS officials have been transferred by the State government in addition to Seema Agrawal's new appointment. These transfers are a component of routine updates designed to maintain the police department's effectiveness and continuity.Meena Rupesh Kumar's new charge As the current Inspector-General of Police (IGP) for Civil Supplies-CID, Rupesh Kumar Meena will also assume the additional duty of serving as the DGP of Civil Supplies. This implies that for the time being, he will manage two roles jointly. Vijayendra S. Bidari's posting IGP Vijayendra S. Bidari is now assigned to the Greater Chennai Police Headquarters as an IGP/Additional Commissioner of Police. Kapil Kumar C. Saratkar, the former officer in this position, has been moved to the position of IGP, Enforcement, Chennai. Appointment of Traffic Police The Greater Chennai Traffic Police has appointed G. Karthikeyan as the new IGP/Additional Commissioner of Police. R. Sudhakar, the previous officer, has been assigned to Central Services. Modifications to the Economic Offenses Wing The new IGP of the Economic Offenses Wing is Santhosh Kumar, who was previously the Joint Director of Vigilance and Anti-Corruption. M. Sathiya Priya, this wing's previous IGP, has been promoted as IGP, Welfare.M. Durai is assigned to Police Headquarters as the DIG. At the Headquarters, M. Durai has been named the Deputy Inspector-General (DIG) of Police. His new position entails helping senior officers from the main office with everyday police activities and processing crucial papers.
Gupta Poonam Deputy Governor of the RBI Appointed Prior to MPC Meeting
Michael Patra has been replaced as the Reserve Bank of India's (RBI) Deputy Governor by Poonam Gupta. Her appointment coincides with the upcoming April 7–9, 2025, meeting of the Monetary Policy Committee (MPC). with a wealth of knowledge in international finance and economic policy.Michael Patra has been replaced as the Reserve Bank of India's (RBI) new Deputy Governor by Poonam Gupta. Her appointment coincides with the April 7–9, 2025, meeting of the Monetary Policy Committee (MPC). Given her extensive background in central banking, international financial institutions, and macroeconomic policy, Gupta's position at the RBI is anticipated to play a significant role in determining the monetary and financial policies of India. Important Details: Background and Appointment The Reserve Bank of India (RBI) appointed Role: Deputy Governor Prior to this, Michael Patra Date of Appointment: April 2, 2025 Importance: Made public prior to the Monetary Policy Committee's (MPC) bimonthly meeting (April 7-9, 2025). Tenure: According to RBI regulations, probably for three years.Professional Background: Member of the Prime Minister's Economic Advisory Council (EAC-PM) and Director General of the National Council of Applied Economic Research (NCAER) Convener of the 16th Finance Commission Advisory Council Almost twenty years of experience at The IMF, or International Monetary Fund International Bank, Washington, D.C. served on the boards of the Global Development Network (GDN) and the National Institute of Public Finance and Policy (NIPFP). Advisory Groups of the World Bank on "World Development Report" and "Poverty & Equity" India's G20 Presidency as Chair of the Task Force on Macroeconomics and Trade
Ambuj Chandna becomes the MD and Head of the Consumer Banking Group at DBS Bank India.
A seasoned banking expert with more than 16 years of Kotak Mahindra Bank expertise, Ambuj Chandna has been named Managing Director and Head of Consumer Banking Group at DBS Bank India. His move occurs shortly after Rajat Verma took over as DBS India's CEO on March 1, 2025.Important Aspects of Ambuj Chandna's Transfer to DBS Bank India: Experience & Professional Background Chandna worked for Kotak Mahindra Bank for more than 16 years. held the positions of President and Head of Kotak Mahindra Bank's Consumer Bank (Products). After ING Vysya Bank was acquired by Kotak Mahindra Bank in 2015, the individual joined the bank. formerly held positions in loan and retail banking at Standard Chartered Bank and Deutsche Bank. New Position at India's DBS Bank appointed to the position of Head of the Consumer Banking Group and Managing Director (MD) at DBS Bank India. Prashant Joshi, who joined DBS in August 2020 and contributed to the purchase of Lakshmi Vilas Bank, is replaced. Principal Duties managing India's retail banking sector. propelling the expansion of financial products, digital banking, and consumer banking. bolstering DBS's customer acquisition and retail lending initiatives.
Gopal Vittal of Bharati Airtel was elected as the GSMA Chairman.
New Delhi: Gopal Vittal, the vice chairman and managing director of Bharti Airtel, was named the new chairman of the GSMA, which represents international telecom carriers and handset manufactures, on Monday. His term will run until the end of 2026.Vittal, who is now the GSMA board's acting chair, will be in charge of GSMA's strategic direction. After Sunil Bharti Mittal, Vittal is the second Indian to be elected as the GSMA Board's chairman.1,000 international telecom, mobile, device, internet, and software companies, equipment suppliers, and businesses in associated areas make up GSMA. With both Sunil Bharti Mittal and Gopal Vittal having held important roles on the GSMA Board for years, the nomination further demonstrates Airtel's considerable impact in the global telecom sector, the company stated in a release.Vittal stated that the GSMA is essential to finding, creating, and delivering innovation that has a good influence on everyone. "The mobile industry contributed $6.5 trillion to the global economy in 2024 and is the spine on which much of the innovation in the world is built," Vittal added.
The first African and female president of the International Olympic Committee is Kirsty Coventry.
Legendary Zimbabwean swimmer Kirsty Coventry broke through the glass ceiling of the International Olympic Committee (IOC) on Thursday, becoming the first African and female president in the 130-year history of the organization.Legendary Zimbabwean swimmer Kirsty Coventry broke through the glass ceiling of the International Olympic Committee (IOC) on Thursday, becoming the first African and female president in the 130-year history of the organization. Her appointment ushers in a new era for the IOC and represents advancement, inclusivity, and diversity in international sports leadership.A Monumental Win It is historic that Coventry was chosen to lead the most powerful sports organization in the world. She received 49 out of 97 votes in a secret ballot, giving her a resounding win in the first round of voting. This overwhelmingly positive response showed how united the IOC is and how much faith members have in her leadership. Election Outcomes Kirsty Coventry received 49 votes, giving her an instant majority. 28 votes for Juan Antonio Samaranch Jr. Coe Sebastian: 8 votes A small number of votes were won by other contenders, such as Morinari Watanabe (Japan), Johan Eliasch (Sweden), Prince Feisal (Jordan), and David Lappartient (France).
Bajaj Auto Invests ₹1,500 Crore in Credit Arm and Reappoints Rajiv Bajaj
Subject to shareholder approval, Bajaj Auto has stated that Rajiv Bajaj would continue to serve as Managing Director and CEO for a further five years, beginning April 1, 2025. Additionally, the business has given Bajaj Auto lending Ltd (BACL), its lending division, ₹1,500 crore.Rajiv Bajaj has been reappointed by Bajaj Auto as Managing Director and CEO for a further five-year term, which will take effect on April 1, 2025. In order to support its anticipated asset expansion for the fiscal year 2025–2026, the business has invested ₹1,500 crore in Bajaj Auto Credit Ltd (BACL), its wholly-owned subsidiary, in addition to this leadership decision. The goal of the capital infusion is to improve BACL's overall financial stability, capital sufficiency, and regulatory compliance.Important Points Rajiv Bajaj's Resignation Rajivnayan Rahulkumar Bajaj has been reappointed by the board of directors of Bajaj Auto as MD and CEO for a five-year term beginning on April 1, 2025. Shareholder approval of the decision is pending. The company's worldwide expansion in two- and three-wheelers is attributed to Rajiv Bajaj, who has been in charge since 2005.Bajaj Auto said that it would invest ₹1,500 crore in Bajaj Auto Credit Ltd (BACL). The funds will be disbursed gradually, either in the form of subordinated debt, preferred capital, or equity capital. The investment will support BACL's capital sufficiency and regulatory compliance. Financial Performance of BACL December 2021 saw the establishment of BACL. BACL reported having ₹7,048 crore in assets under management (AUM) as at December 31, 2024. The net value was ₹258.23 crore, and the turnover for FY 2023–24 was ₹16.65 crore.
Senior-level appointments are announced by Yes Bank.
Mumbai: Rajeev Uberoi was named senior group president, governance and controls, while Anurag Adlakha was named senior group president and head, financial management and strategy, by Yes Bank on Monday.Uberoi, who was formerly in charge of legal and audit at IDFC Bank, will be responsible for management governance, compliance, vigilance, legal (general counsel), company secretarial and control functions at Yes Bank. The Yes Bank board of directors further explained that the lender's liquidity and operational performance were strong, and that its financial condition was "sound and stable." To approve the financial results for the quarter that ended on June 30, 2019, the board will convene on July 17.Additionally, the bank denied "unfounded speculation about the stability of the bank's Board & management, asset portfolio, and future growth prospects, among other things."
Atul Kumar Goel takes over as the Indian Banks' Association's (IBA) CEO.
Atul Kumar Goel has been appointed as the new Chief Executive (CE) of the Indian Banks' Association (IBA), the organization has formally announced.Atul Kumar Goel has been appointed as the new Chief Executive (CE) of the Indian Banks' Association (IBA), the organization has formally announced. Having worked in the banking business for more than thirty years, Goel brings a wealth of knowledge and leadership to the Association at a pivotal moment in the rapidly changing Indian financial landscape.Atul Kumar Goel: An Experienced Executive in Banking A seasoned banker with a proven track record of leadership in significant public sector banks, Atul Kumar Goel is a licensed chartered accountant. Corporate governance, risk management, financial planning, and strategic banking operations are just a few of the banking areas in which he specializes. Goel worked with four significant Indian banks: Early career and leadership positions in Allahabad Bank (now Indian Bank). As Executive Director of Union Bank of India, I helped to improve operations. The esteemed roles of Managing Director (MD) and CEO were held by UCO Bank. In February 2022, he was appointed MD and CEO of Punjab National Bank (PNB), where he served until December 2024. He is the perfect candidate to lead the IBA because of his extensive knowledge of the Indian banking sector.His Leadership at Punjab National Bank (PNB) During his February 2022–December 2024 employment with Punjab National Bank (PNB), Atul Kumar Goel was distinguished by: enhancing the bank's financial standing by means of calculated actions. improving risk management to guarantee adherence to legal requirements. enhancing digital banking and customer support to conform to contemporary banking trends. His image as a banking guru who can overcome obstacles and spur growth was further cemented by his leadership at PNB.
