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
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.
Honda Cars India has appointed Takashi Nakajima as its new president and CEO.
The leadership of Honda Cars India Ltd. (HCIL), a subsidiary of the Japanese automaker Honda Motor Company, has changed. With effect from April 1, 2025, Takashi Nakajima has been named HCIL's new president and chief executive officer. Takuya Tsumura, who will return to Honda's headquarters in Japan following his three-year term in India, will be replaced by Nakajima.This appointment is a component of Honda Motor Company's yearly management reorganization process, which aims to improve the company's operational and global leadership strategies.Takashi Nakajima is who? Takashi Nakajima has thirty years of expertise in the automotive sector and is a veteran of Honda. Since joining Honda in 1994, he has occupied important leadership positions in a number of foreign markets, such as Russia: Since 2021, he has served as Honda Motor Russia's president. Japan: Managed product strategy and business planning at Honda's headquarters. China: Helped Honda grow in one of the biggest auto markets in the world. Spain and the Czech Republic were essential to marketing and sales campaigns. Nakajima is qualified to manage Honda Cars India in a cutthroat industry because to his extensive background in business planning, product planning, marketing, and sales promotion. The Impact of Takuya Tsumura on Honda Automobiles in India Honda's business activities in India have been significantly impacted by Takuya Tsumura, the departing President & CEO of HCIL. Throughout his three-year term, he concentrated on: improving Honda's reputation as a high-end brand in India. enhancing customer-focused programs to increase loyalty and satisfaction. Creating profitable expansion for the business in the face of industry obstaclesImportant Accomplishments Under Tsumura's Direction Tsumura oversaw the triumphant introduction of several high-end models when he was in India, including: The Honda City e:HEV is the country's first popular hybrid sedan, establishing a new standard for environmentally friendly and fuel-efficient driving. The Honda Elevate is a worldwide SUV made to meet India's rising demand for high-end SUVs. The third-generation Honda Amaze is a small sedan that is still a favorite among Indian buyers. These models have strengthened Honda's position in the Indian car industry by reaffirming the company's dedication to sustainability and innovation.
The CEO of Government e Marketplace (GeM) is Ajay Bhadoo.
With effect from March 3, 2025, the Indian government has appointed Ajay Bhadoo, who is currently the Additional Secretary in the Department of Commerce, as the CEO of the Government e Marketplace (GeM).With effect from March 3, 2025, Ajay Bhadoo, Additional Secretary in the Department of Commerce, has been named CEO of the Government e Marketplace (GeM) by the Government of India. In addition to his current duties, he will take on this responsibility. His hiring coincides with GeM's transformation into a cutting-edge online marketplace driven by Tata Consultancy Services (TCS). Bhadoo, a Gujarat cadre IAS officer from the 1999 batch, has a long history in policy execution, urban infrastructure development, and governance.Important Points: Appointment and Duties GeM's CEO, Ajay Bhadoo, was appointed on March 3, 2025. remains in the Department of Commerce as an Additional Secretary.Professional Background: IAS officer from Gujarat cadre, 1999 batch. more than 20 years of experience creating and implementing policies. worked for the Election Commission of India as a Deputy Election Commissioner. Former President Ram Nath Kovind's joint secretary. Commissioner of the Rajkot and Vadodara Municipal Corporations and CEO of the Gujarat Maritime Board. Qualifications for Education Civil engineering degree. Bengaluru's National Law School of India University offers a master's degree in business law. Growth and Impact of the GeM Platform The biggest online marketplace for government procurement in India. GMV of Rs 4.58 lakh crore, representing a 28.65% year-over-year increase. Rs 35,950 crore worth of orders have been completed by startups. Eight percent of sellers are female entrepreneurs. 1,77,786 women MSEs who were certified by Udyam had fulfilled orders totaling Rs 46,615 crore. GeM's Strategic Transition collaborating with TCS to transition to a next-generation digital marketplace. intends to improve accessibility for government purchasers, small enterprises, and startups.
An Important Step Towards Passenger Convenience: The Opening of the UDAN Yatri Cafe at Chennai Airport
The second such facility under this innovative idea was opened at Chennai International Airport by Union Minister for Civil Aviation Shri Ram Mohan Naidu. The action is a major step in improving passenger convenience and is consistent with the overarching goal of making air travel easier, more inexpensive, and more accessible. This milestone comes after the first UDAN Yatri Cafe was successfully opened at Kolkata's Netaji Subhas Chandra Bose International Airport on December 19, 2024, in honor of the airport's 100th anniversary.The Aadhaar Good Governance Portal was introduced by the Ministry of Electronics and Information Technology (MeitY) in a major step towards digital governance and public service accessibility. In order to guarantee smooth access to a range of public and private sector services, this effort seeks to expedite the approval process for Aadhaar authentication requests. The rollout is in line with the government's goal of making Aadhaar easier to use, which would improve residents' access to basic services and make life easier.
FCB Kinnect is appointed as AOR by Prega News.
The company hopes to strengthen its standing as the preferred option for women preparing to become mothers with this collaboration.FCB Kinnect has been officially appointed as Prega News's creative agency. The agency will be in charge of all aspects of brand communication, including production, influencer marketing, digital, creative, and SEO.The company hopes to strengthen its standing as the preferred option for millions of women preparing to become mothers through this collaboration."We are thrilled to have FCB Kinnect as our integrated marketing partner for PregaNews, the leading brand in the pregnancy detection category," stated Joy Chatterjee, vice president, sales and marketing, Mankind's Consumer Business Unit. Their proficiency in digital and traditional marketing will enable us to create powerful, customer-focused campaigns that captivate our target market. We have no doubt that their superior creative work and strategic approach will enhance our brand positioning and propel PregaNews to even higher heights. We anticipate a fruitful and cooperative journey in the future.As brand custodians, we will aim to further enhance the brand story, according to Rohan Mehta, CEO of FCB Kinnect and FCB/SIX India. Prega News now holds a dominant position in the market. Our integrated methodology at FCB Kinnect guarantees that Prega News will gain from vibrant, specialized teams that create concepts with ease that aim to uplift, involve, and establish a stronger connection with customers. We can't wait to get started right away with innovative, imaginative ideas that speak to women at every point of their lives. However, this is only the start; our goal is to have an impact on the entire Mankind Group portfolio.The company hopes to strengthen its standing as the preferred option for women preparing to become mothers with this collaboration.FCB Kinnect has been officially appointed as Prega News's creative agency. The agency will be in charge of all aspects of brand communication, including production, influencer marketing, digital, creative, and SEO.The company hopes to strengthen its standing as the preferred option for millions of women preparing to become mothers through this collaboration."We are thrilled to have FCB Kinnect as our integrated marketing partner for PregaNews, the leading brand in the pregnancy detection category," stated Joy Chatterjee, vice president, sales and marketing, Mankind's Consumer Business Unit. Their proficiency in digital and traditional marketing will enable us to create powerful, customer-focused campaigns that captivate our target market. We have no doubt that their superior creative work and strategic approach will enhance our brand positioning and propel PregaNews to even higher heights. We anticipate a fruitful and cooperative journey in the future.As brand custodians, we will aim to further enhance the brand story, according to Rohan Mehta, CEO of FCB Kinnect and FCB/SIX India. Prega News now holds a dominant position in the market. Our integrated methodology at FCB Kinnect guarantees that Prega News will gain from vibrant, specialized teams that create concepts with ease that aim to uplift, involve, and establish a stronger connection with customers. We can't wait to get started right away with innovative, imaginative ideas that speak to women at every point of their lives. However, this is only the start; our goal is to have an impact on the entire Mankind Group portfolio.
Why Atishi said that women should be proud of Rekha Gupta's nomination as Delhi's chief minister
Atishi, a former chief minister and leader of the Aam Aadmi Party (AAP), congratulated Rekha Gupta on her appointment by the Bharatiya Janata Party (BJP) as the next chief minister of Delhi on Wednesday.While expressing her best wishes, Atishi emphasized the significance of keeping the pledges the BJP made to the Delhi populace.A congrats message Atishi expressed gratitude for the BJP's decision and hoped they would fulfill their promises. "I want to congratulate Rekha Gupta Ji from the bottom of my heart, and I hope that the BJP will fulfill all of its promises to the people of Delhi," she stated. Women in politics: An important development Atishi discussed the importance of Rekha Gupta's appointment and drew attention to the underrepresentation of women in positions of leadership nationwide. "The representation of women in politics is a very beneficial development. Only Mamata Banerjee is still the chief minister of any Indian state, despite the country's freedom having existed for so long. For the ladies of this nation, Rekha Gupta's appointment is a source of pride. A reminder to keep your word In spite of her congrats, Atishi called on the BJP government to keep its pledges, especially to Delhi's women. Additionally, I hope that the Bharatiya Janata Party would keep its pledges to women, including paying Rs 2,500 as an honorarium to each and every woman in Delhi. This should be approved at the first cabinet meeting, and the money should be credited to Delhi women's accounts by Women's Day on March 8.
At Navi, Sachin Bansal takes over as chairman and names new CEOs.
Entrepreneur Sachin Bansal will take over as executive chairman of Navi Group, which includes Navi Finserv, the company's lending segment, and Navi Technologies, its technology subsidiary. Bansal, the CEO and co-founder of both businesses in 2016, will now concentrate on strategic projects.The Navi board authorized the nomination of Rajiv Naresh as CEO of Navi Technologies and Abhishek Dwivedi as CEO of Navi Finserv during a board meeting on Friday. Since the beginning, both have been a part of the group.In an exclusive interview with ET, Bansal, cofounder of Navi Group, stated, "As the group's operations have grown, it has become more difficult to manage everything on my own. "It was simpler when the business was smaller. While the respective CEOs, who have been with the company for six years, can focus on the day-to-day management of the businesses, this restructure enables me to concentrate on areas where I can contribute the greatest value."In his new position, Bansal will be responsible for pushing mergers and acquisitions, investigating growth prospects for Navi, and improving the organization's risk management and compliance systems.
Nirmala Sitharaman introduces a new income tax bill in parliament, and the opposition walks out.
On February 13, the opposition MPs staged a walkout in response to the introduction of the new Income Tax Bill 2025 in the Lok Sabha.The Income Tax Bill 2025 has been introduced in the Lok Sabha by Finance Minister Nirmala Sitharaman. The new measure intends to make it simpler for people to pay taxes and submit returns by streamlining the terminology used in Indian tax rules.A number of opposition MPs were observed staging a walkout as soon as Nirmala Sitharaman tabled the bill during a commotion in the Parliament. The total number of MPs who left the session is unknown."He should understand where the law is today and where it is being reduced," Sitharaman said in response to opposition MP NK Premachandran of Kerala's Kollam objecting to the new bill's more provisions than the 1961 Income Tax Act.First passed in 1961, the Income Tax Act went into force in 1962. They only had 298 parts at the time.However, a lot more portions were added throughout time. There are 819 parts as of right now, Sitharaman stated. We're cutting it down to 536 from that 819. Therefore, he ought to examine what it is today," she continued.Since the 1961 act went into effect, she said, 4,000 revisions have been made, and these are "being looked at now."
Maimun Alam, an IRS officer, was appointed as the Ministry of Steel's director.
Under the Central Staffing Scheme, Maimun Alam, an Indian Revenue Service (IRS) official from the 2007 batch, was named Director of the Ministry of Steel. Her appointment, which has been authorized by the Indian government, will last for five years or until additional directives are given. Under the Central Staffing Scheme, Maimun Alam, an Indian Revenue Service (IRS) official from the 2007 batch, has been named Director of the Ministry of Steel. On the Department of Revenue's suggestion, the Indian government authorized her appointment. She will be in office for a period of five years or until additional directives are given, whichever happens first. In order for her to assume her new post, the Department of Personnel & Training (DoPT) has ordered her to be relieved of her current duties immediately.What is the professional background of Maimun Alam? Throughout his illustrious career with the Indian Revenue Service (Income Tax), Maimun Alam has made significant contributions to the development of financial policy and tax administration. She has a wealth of knowledge about taxation, financial governance, and revenue management, and she has been instrumental in bolstering fiscal policy. It is anticipated that her experience in these fields will benefit the Ministry of Steel, especially in the areas of policy implementation and financial supervision.
K Balasubramanian is the new head of Citibank India.
Pending RBI approval, K Balasubramanian has been appointed Citibank's India Subcontinent Sub-Cluster and Banking Head, succeeding Ashu Khullar. In the midst of Citi India's rapid expansion under Khullar, he will report to Amol Gupte, signaling a significant leadership change.Important Aspects of the Change in Leadership A new appointment The position of India Subcontinent Sub-Cluster and Banking Head at Citibank will be assumed by K Balasubramanian. The RBI must approve his appointment. Reporting Structure: Amol Gupte, Head of Banking and Asia South, will receive Balasubramanian's reports.Khullar's New Position Khullar and Anthony Diamandakis will now co-head Global Asset Managers (GAM). Additionally, he will be a member of the Global Operating Committee for Investment Banking at Citibank. Tenure of Khullar (2019–2025) Citibank India rose to prominence as the leading investment bank in mergers and acquisitions and equity capital markets under his direction. During his tenure, Citi had significant business expansion. The Official Statement of Citibank India continues to be one of its biggest international markets, Citi noted. Balasubramanian's leadership skills and expertise were commended by Amol Gupte, who also highlighted Citi's robust business momentum in India. Concerning K. Balasubramanian a seasoned banker who has worked for Citibank for more than 20 years. has experience working in India across a variety of markets, sectors, and regions. began working at Citi India in 1996 and held a number of executive positions. Educational Background: Graduate of St. Xavier's College in Kolkata with a degree in commerce. competent cost accountant (ICWA) and chartered accountant (CA).
In a bureaucratic reorganization, Sanjeev Ranjan was appointed road transport secretary.
Panwar, special secretary and financial adviser in the Ministry of Home Affairs, will take over as OSD in Women and Child Development Ministry till Srivastava's retirement.Bhupendra Singh, chairman of National Authority for Chemical Weapons Convention, will be special secretary and financial adviser in the Home Ministry in place of Panwar.Senior bureaucrat Ruolkhumlein Buhril will be secretary, Department of Land Resources, in place of Anant Kumar Singh, who retires this month-end. 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 in 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.
Gopal Vittal was named the GSMA Board's acting chair.
José María Álvarez-Pallete, the chairman and CEO of Telefónica, resigned, and Gopal Vittal, the vice chairman and MD of Bharti Airtel, was named the GSMA Board's acting chair.The Vice Chairman and Managing Director of Bharti Airtel, Gopal Vittal, assumed the role of Acting Chair of the GSMA Board on February 3, 2025. Following José María Álvarez-Pallete's resignation as Telefónica's chairman and CEO, this important appointment was made. Álvarez-Pallete resigned because he was leaving Telefónica. This shift demonstrates the dynamic shifts in the global telecom sector and the key positions that will influence its future. What Does Gopal Vittal's GSMA Appointment Signify? The GSMA, a global organization that represents more than 1,100 businesses in the telecoms industry, views Gopal Vittal's appointment as a turning point. As the company negotiates opportunities and challenges in the global market, Vittal's leadership background and telecom industry expertise will be essential. Given his extensive knowledge of the Indian and international telecom environments, his nomination will infuse the GSMA Board with new insights. What Does Gopal Vittal's GSMA Appointment Signify? The GSMA, a global organization that represents more than 1,100 businesses in the telecoms industry, views Gopal Vittal's appointment as a turning point. As the company negotiates opportunities and challenges in the global market, Vittal's leadership background and telecom industry expertise will be essential. Given his extensive knowledge of the Indian and international telecom environments, his nomination will infuse the GSMA Board with new insights. What Previous Positions Did Gopal Vittal Hold at the GSMA? Gopal Vittal has a history with the GSMA prior to his appointment as Acting Chair. His sustained influence in the business is seen in his reelection as Deputy Chair of the GSMA Board for the 2025–2026 period. In order to better prove his qualifications and comprehension of the organization's operations, Vittal also held a significant position on the GSMA Board from 2019 to 2020. His steady leadership on the GSMA Board puts him in a good position to lead the group in the years to come.
