Top Trending Appointments News & Highlights

FICCI President-Elect Anant Goenka for 2025–2026

FICCI President-Elect Anant Goenka for 2025–2026

Anant Goenka, the vice chairperson of the RPG Group, has been named the Federation of Indian Chambers of Commerce and Industry's (FICCI) 2025–2026 president-elect. A significant leadership change in one of India's oldest and most significant business chambers was announced on Tuesday.In addition to being the Vice Chairperson of RPG Group, a diverse Indian industrial conglomerate with interests in industries like infrastructure, IT, healthcare, and tires (CEAT), Anant Goenka is currently the Senior Vice President of FICCI. Within the RPG Group, Goenka, a third-generation business executive, is renowned for spearheading digital transformation and modernizing processes. He graduated from Northwestern's Kellogg School of Management and the University of Pennsylvania's Wharton School. A generational change and the increasing impact of young industry leaders in influencing India's policy and economic discourse are signaled by his appointment as FICCI president-elect. The incumbent FICCI President and Vice Chairman & Managing Director of Emami Group, Harsha Vardhan Agarwal, will be replaced by Anant Goenka. Second-generation businessman Harsha Vardhan oversaw FICCI during the 2024–2025 term. Under his direction, FICCI made a substantial contribution to business-government cooperation by concentrating on MSME reforms, exports, ESG, and inclusive growth.One of the most well-known business associations in India is the Federation of Indian Chambers of Commerce and Industry, or FICCI, which was established in 1927. Additionally, it is essential to Participating in policy debates on behalf of Indian industries Talking about economic reforms with the authorities Encouraging global trade alliances putting together prestigious events such as the India Innovation Summit, FICCI Frames, and FICCI Flo  

Published 16 Oct 2025 05:25 PM

Dan Katz was named the first deputy managing director of the IMF.

Dan Katz was named the first deputy managing director of the IMF.

Dan Katz joins the IMF as First Deputy Managing Director on October 6, 2025, bringing a wealth of global finance and U.S. Treasury experience.The International Monetary Fund (IMF) Executive Board authorized Dan Katz's nomination as its First Deputy Managing Director on October 3, 2025, with effect from October 6, 2025. IMF Managing Director Kristalina Georgieva made the nomination, which comes at a crucial moment as the world economy negotiates intricate changes in inflation, trade, and geopolitics. With a solid history in international finance, economic policy, and strategic diplomacy, Katz's selection represents a major change in the IMF's leadership. The most recent position Dan Katz held was Chief of Staff at the U.S. Department of the Treasury, where he was Treasury Secretary Scott Bessent's primary counselor. Among his duties were directing discussions on regional and bilateral financial platforms and establishing both domestic and foreign economic policies, most notably the U.S. economic cooperation with Ukraine.  

Published 15 Oct 2025 05:42 PM

Vikram Dayal is named the new head of IOCC by Air India after Choorah Singh resigns.

Vikram Dayal is named the new head of IOCC by Air India after Choorah Singh resigns.

According to sources on Tuesday, Air India has named Vikram Dayal as the new Head of its Integrated Operations Control Centre (IOCC) after Choorah Singh, the IOCC Head and Senior Vice President, resigned.Sources claim that Singh, who assumed the position in October 2023, has resigned to pursue chances in Ireland. He resigned after being identified in a DGCA letter earlier this year along with two other officials for alleged crew scheduling and rostering errors in June.Regarding the leadership transition, the carrier owned by the Tata Group has not yet released a formal comment.On October 26, Air India Express is scheduled to begin operating direct flights between Agartala and Bagdogra, linking the state capital with North Bengal and offering easy access to well-known locations like Darjeeling, Kalimpong, Mirik, and Sikkim. A new chapter in Tripura's aviation connectivity will be marked by the service, which will launch at the same time as the winter flight schedule. A 180-seater Boeing will fly this route every day, according to reports. The return flight will leave Agartala at 6:10 PM and land in Bagdogra at 7:20 PM, while the departure flight will leave Bagdogra at 4:30 PM and arrive in Agartala at 5:40 PM.Bookings for tickets have already begun, and it has been stated that costs have been maintained reasonable for regular travelers, making family vacations to North Bengal more accessible than before.As part of its Northern Winter 2025 schedule, Air India also announced that it will be expanding its flights to the United Kingdom. As on October 26, there will be a fourth daily flight between Delhi and London (Heathrow).According to a press statement, the new route would offer 1,196 seats per week each way between Delhi and London (Heathrow), increasing Air India's frequency from 24 to 28 times per week this winter.  

Published 14 Oct 2025 05:42 PM

Castrol India's MD Steps Down, New CEO Takes Over

Castrol India's MD Steps Down, New CEO Takes Over

A significant participant in the lubricant industry, Castrol India, is going through a leadership change. The present Managing Director, Kedar Lele, will leave at the end of December 2025 in order to pursue other possibilities. He continues to serve as Wholetime Director & Head of B2C Sales, although the company has named Saugata Basuray as Interim CEO, effective January 2026.A board decision states that Lele will formally step down as Managing Director on December 31, 2025, at the end of business. His decision to "pursue other opportunities" is cited as the reason. Since assuming leadership duties not long ago, his time as MD has been rather short.Saugata Basuray will take on the additional role of Interim CEO on January 1, 2026, until a new Managing Director is chosen. He is still employed in his previous role as Head of B2C Sales and Wholetime Director. His title will be changed to "Wholetime Director & Interim CEO" in light of the new hire. Having worked for Castrol since 1999 in a variety of leadership roles across verticals and territories, Basuray is an experienced veteran of the organization. Internal stability and continuity: Castrol India appears to emphasize stability during transition if it selects a leader who is already a part of the organization. Leadership development: While a more permanent replacement is being found, Basuray is a viable temporary option due to his extensive expertise and institutional memory. Market reaction: The revelation caused the company's share price to slightly decline, indicating that investors are sensitive to changes in the company's leadership. The upcoming strategic period: This change in leadership comes at a time when the lubricant industry is dealing with issues related to changing mobility trends, like electric cars, the need for sustainability, and shifting automotive ecosystems.  

Published 13 Oct 2025 05:21 PM

Appointments

Appointments

Appointments

Salman Khan is the Kho Kho World Cup's brand ambassador.

Salman Khan is the Kho Kho World Cup's brand ambassador.

Salman Khan, a Bollywood actor, has been named the brand ambassador for the first Kho Kho World Cup, which will be held in New Delhi from January 13 to January 19, 2025. The event will involve teams from 24 countries and is designed to improve Kho Kho’s global status.Bollywood star Salman Khan has been formally named the brand ambassador for the first-ever Kho Kho World Cup by the Kho Kho Federation of India (KKFI). The event will take place in New Delhi from January 13 to 19, 2025. Teams from 24 countries will compete in this tournament, which is expected to raise Kho Kho's profile internationally. With a thrilling mix of men's and women's teams making their world stage debuts, the competition seeks to highlight the sport's broad appeal.Dates and Location of the Event New Delhi will host the Kho Kho World Cup from January 13–19, 2025. The Role of Salman Khan For this momentous occasion, Salman Khan has been named the brand ambassador. Reminiscent of his own association with Kho Kho and its cultural importance in India, he conveyed his passion for the sport. Khan emphasized that the tournament honors India's resilience and spirit in addition to being a sporting event.Features of the Tournament Twenty women's teams and twenty men's teams from 24 different countries will compete. Prominent athletes Pratik Waiker, Aditya Ganpule, Ramji Kashyap, and Priyanka Ingle participated in a demonstration match. The Event's Significance An important step in promoting Kho Kho, a traditional Indian sport, internationally is the Kho Kho World Cup 2025. Star power and media attention are expected to increase the tournament's relevance and attract a worldwide audience.Assistance from Important Organizations Indian Olympic Association (IOA) has teamed with KKFI to provide full support for the event. Salman Khan was thanked by KKFI President Shri Sudhanshu Mittal for his support and contribution to raising awareness of the sport. Equal Chance Men's and women's teams will participate equally in the event, and KKFI is dedicated to making the competition equitable and accessible.  

Ganesh Lakshminarayanan of Airtel is named India, SAARC business MD by ServiceNow.

Ganesh Lakshminarayanan of Airtel is named India, SAARC business MD by ServiceNow.

Ganesh Lakshminarayanan, a former Airtel executive, has been hired as managing director (MD) and group vice president for ServiceNow's India and SAARC operations, the enterprise cloud computing and solutions company announced Monday.Beginning January 6, 2025, Lakshminarayanan, who is based in Bengaluru, will oversee ServiceNow's business teams in India."He will play a crucial role in further solidifying ServiceNow's position as a leader in digital transformation and innovation across the APAC region in his capacity as MD and GVP, ServiceNow India and SAARC business," the company said in a statement.Lakshminarayanan was the CEO of Airtel India's domestic business-to-business (B2B) division before assuming this position. He formerly served as managing director at Mu Sigma, president and MD of Dell India, chief operating officer at Capillary Technologies, and adviser at Sequoia Capital and EY, among other positions. "We are overjoyed to have Lakshminarayanan join ServiceNow and guide our India division into its next stage of expansion. Detlef Krause, President APAC at ServiceNow, stated, "India continues to be a top priority for us, and Ganesh's experience and leadership will further enhance our ability to deliver value to our customers in this dynamic market.""We are overjoyed to have Lakshminarayanan join ServiceNow and guide our India division into its next stage of expansion. Detlef Krause, President APAC at ServiceNow, stated, "India continues to be a top priority for us, and Ganesh's experience and leadership will further enhance our ability to deliver value to our customers in this dynamic market."  

Regarding Cabinet, spending, or military oversight, around three out of ten people have a high level of confidence in Trump: AP-NORC survey

Regarding Cabinet, spending, or military oversight, around three out of ten people have a high level of confidence in Trump: AP-NORC survey

According to a new poll from the AP-NORC Centre for Public Affairs Research, even though Americans recently elected Donald Trump to a second term, they do not believe that he will be able to appoint qualified individuals to his Cabinet or successfully oversee government spending, the military, and the White House. Trump appoints people to important positions in his government, some of whom may have to endure challenging Senate confirmation hearings even when Republicans are in control. Trump's promise to voters to be a disruptive force in the nation and a return to the tumultuous age of governance that characterized his first four years in the White House have been reflected in the selection process and its lightning-fast pace. Only about three out of ten Americans, however, are "extremely" or "very" confident that Trump will appoint competent individuals to his government. According to the majority of Republicans, their confidence is high.  

Bhavesh Jain is promoted to managing director and CEO by TransUnion CIBIL.

Bhavesh Jain is promoted to managing director and CEO by TransUnion CIBIL.

Rajesh Kumar has been replaced as Managing Director and CEO of TransUnion CIBIL by Bhavesh Jain. For the previous five years, Jain, who had a solid experience at Citi and Kone, was CIBIL's top revenue officer. His main goals are to encourage financial inclusion and increase credit availability in India.BENGALURU: According to a statement released today, TransUnion CIBIL, an insights and information organization, has named Bhavesh Jain as its managing director and CEO.Jain takes over for former CEO and managing director Rajesh Kumar, who recently left the position after five years. For the previous five years, Jain served as TransUnion CIBIL's chief revenue officer. Throughout his decades-long career, he has held positions at Citi and Kone."Bhavesh is a successful leader who is passionate about fostering the expansion of India's economy. Todd Skinner, president of TransUnion International, stated, "He is focused on our role in advancing sustainable access to credit for millions of people and commercial entities to advance financial inclusion and ease of doing business." "The business is always striving to offer solutions that empower businesses and consumers. We wish to increase trust between the two in a world that is becoming more and more digital.The company provides services to MSMEs, corporate and individual customers, and the financial industry. Banks, financial institutions, NBFCs, home finance companies, microfinance companies, and insurance companies are among its clients in India.  

Senior-level appointments are announced by Yes Bank.

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." Yes Bank shares were trading at 93.40 baht at 11:45 a.m. on the BSE.  

A new RBI governor has been appointed by Revenue Secretary Sanjay Malhotra.

A new RBI governor has been appointed by Revenue Secretary Sanjay Malhotra.

Sanjay Malhotra, a former Revenue Secretary, has been named Reserve Bank of India (RBI) Governor. According to a statement from the administration, he will assume leadership on Wednesday and serve for three years. Mr. Malhotra is an Indian Administrative Service (IAS) officer from the Rajasthan cadre, having been drafted in the 1990 batch. He received a master's degree in public policy from Princeton University in the United States and a bachelor's degree in computer science from the Indian Institute of Technology in Kanpur.In a career spanning over 33 years, Mr Malhotra has worked in several sectors including power, finance and taxation, information technology, mines etc.  

The Chief Justice withdraws from legal arguments on the employment of poll workers.

The Chief Justice withdraws from legal arguments on the employment of poll workers.

Sanjiv Khanna, the Chief Justice of India, resigned on Tuesday from hearing arguments against the legality of the statute that removed him from the committee responsible for selecting the Chief Election Commissioner and other election commissioners.The Chief Justice, who shared the bench with Justice Sanjay Kumar, informed the petitioners' attorneys that he was unable to hear their plea. "List the matter before a bench of which I am not a part of," he stated.He said that the matter will be heard after the winter break and would be reallocated to a separate bench, excluding the Chief Justice. During that time, the Chief Justice also instructed the Center and other parties to submit answers to the petition.In their representation of the petitioners, senior advocate Gopal Sankaranarayanan and attorney Prashant Bhushan stated that the previous bench, which was led by Justice Khanna, who had not yet been promoted to the position of Chief Justice, had issued interim orders in the case back in March. Notably, the Chief Justice of India was not allowed to serve on the committee that appointed the chief election commissioner (CEC) and other election commissioners as a result of the Election Commissioners' Act, which was approved in December 2023. The Prime Minister, a Cabinet Minister, and the Leader of the Opposition currently make up the appointment panel.A number of individuals, notably the Association for Democratic Reforms and Congressman Jaya Thakur, contested the legality of Section 7 of the Chief Election Commissioner and other Election Commissioners Act, 2023, and requested a halt to its implementation. A different Supreme Court bench, consisting of Justices Sanjiv Khanna and Dipankar Datta, had earlier in March declined to halt the new law's implementation of the appointment of new Election Commissioners (ECs).  

Election Commission ruling by the Supreme Court: When judicial activism shapes the law

Election Commission ruling by the Supreme Court: When judicial activism shapes the law

By adopting the Constituent Assembly's mantle in its March 2, 2023, ruling, the Supreme Court of India essentially rewrote some of the Constitution's clauses. The Court mandated that revised guidelines for the Election Commissioner's appointment be adhered to.According to these regulations, a committee made up of the Prime Minister, the Leader of the Opposition, and the Chief Justice of India must advise the appointment of the Election Commissioner. The Court defended this by saying that these regulations are necessary to address the "lacuna" in the laws governing this topic. However, it is clear that the Court has acted in flagrant contempt of the doctrine of the separation of powers if we examine the Court's reasoning and the laws pertaining to the appointment of Election Commissioners in greater detail.The Constitution itself, which aimed to create three institutional organs—the legislature, executive branch, and judiciary—is the source of the theory of separation of powers. The Constitution also outlined the roles of these three branches, with the legislature enacting laws, the executive branch enforcing them, and the judiciary rendering decisions. But the same Court that once acknowledged this theory as a component of the Constitution's "basic structure" has now reversed it.  

Amitesh Jha of Flipkart is appointed CEO of Swiggy Instamart.

Amitesh Jha of Flipkart is appointed CEO of Swiggy Instamart.

With effect from September 4, 2024, Swiggy has named Amitesh Jha as the new CEO of Swiggy Instamart. Jha offers more than 20 years of expertise to the position, having previously worked with Flipkart.The on-demand meal delivery service Swiggy announced in a press release today, August 29, that Amitesh Jha has been named CEO of Swiggy Instamart. On September 4, 2024, Jha will take over as CEO of the fast commerce company.As competition intensifies in the rapid commerce space, Swiggy has made a move into larger e-commerce categories by appointing Flipkart veteran Amitesh Jha as the new CEO of Instamart.Amitesh Jha, a Flipkart veteran, was named CEO of Swiggy Instamart by IPO-bound Swiggy at a time when rapid commerce competitors are preparing for a fierce competition with e-commerce behemoths. The hiring of Jha reflects the desire of rapid commerce companies to expand beyond grocery by entering e-commerce markets that have historically been robust, such electronics, fashion, and clothing. According to his LinkedIn page, Jha, who has 14 years of experience at Flipkart, was most recently the Senior Vice President of Category and Marketplace, where he oversaw high-growth companies that accounted for 70% of transactions on the Walmart-owned e-commerce platform.Swiggy Group CEO Sriharsha Majety highlighted Jha's "extensive experience in leading core categories such as smartphones, general merchandise, fashion, and large appliances, as well as managing their logistics arm" when he explained why the former Flipkart executive was chosen to lead Instamart. Protecting Swiggy Instamart's market share, which UBS thinks is currently between 20 and 25 percent, compared to Bernstein's projections of 35 to 39 percent in 2023, is one of Jha's biggest problems. In addition to market leader Blinkit's steady rise, BigBasket's complete focus on speedy commerce and Zepto's charge, which is being supported by $1 billion in new funding, are the main causes of the assault.  

BrahMos Aerospace Appoints Dr. Jaiteerth Raghavendra Joshi as Chief

BrahMos Aerospace Appoints Dr. Jaiteerth Raghavendra Joshi as Chief

The company behind the world-famous BrahMos supersonic cruise missile system, BrahMos Aerospace, has appointed Dr. Jaiteerth Raghavendra Joshi as its new Chief. Over the course of his illustrious three-decade career, Dr. Joshi has achieved significant advances in non-destructive testing (NDT), missile technology, and the training of industry professionals. His hiring represents a sustained emphasis on quality and innovation in India's military industry.A Prominent Profession in Missile Technology Dr. Joshi’s professional journey is defined by major contributions to India’s prominent missile projects, including: One of India's first surface-to-surface missile systems was developed in large part thanks to the Prithvi Missile System. India's top long-range ballistic missile was designed and implemented with assistance from the Agni Missile Program. LRSAM Program: He led the creation of mission-critical technology as the Deputy Project Director for the Long Range Surface-to-Air Missile (LRSAM) program, guaranteeing that India's defense capabilities stay at the forefront of the industry. He has established himself as a key player in India's defense research ecosystem thanks to his vast knowledge of mechanical engineering and missile systems.Educational Background Dr. Joshi's professional accomplishments have been greatly aided by his solid academic background: Osmania University, a renowned engineering school, awarded the BTech in Mechanical Engineering degree. He obtained his doctorate in mechanical engineering from NIT Warangal, where he focused on sophisticated mechanical systems. His commitment to comprehending and developing engineering concepts essential to India's defense systems is demonstrated by these qualifications. proficiency in NDT (non-destructive testing) Dr. Joshi is an expert in non-destructive testing (NDT) methods, which are essential for guaranteeing the dependability of defense equipment, in addition to missile technology. More than 600 candidates have received training and certification from Dr. Joshi in Level-I and Level-II NDT procedures, which include: Radiography Ultrasonic Examination Testing for Magnetic Particles Testing for Penetrants Being the Chairman of the Indian Society for Non-Destructive Testing demonstrates leadership in NDT.  

Salee Sukumaran Nair is approved by RBI to serve as Tamilnad Mercantile Bank's MD and CEO.

Salee Sukumaran Nair is approved by RBI to serve as Tamilnad Mercantile Bank's MD and CEO.

Salee Sukumaran Nair has been appointed to the position of Managing Director and CEO of Tamilnad Mercantile Bank for a period of three years, with approval from the RBI. Nair, a seasoned banker with more than 35 years of SBI experience, has held positions in foreign operations and stressed asset management.Salee Sukumaran Nair has been appointed as the Managing Director and Chief Executive Officer of Tamilnad Mercantile Bank (TMB) for a three-year term, with approval from the Reserve Bank of India (RBI). Nair, a seasoned banker with more than 35 years of experience, is taking on this position after serving as the State Bank of India's (SBI) chief credit officer and deputy managing director. Following the RBI's previous rejection of suggested candidates, the bank was temporarily run by a three-person Committee of Executives (COEs) until his appointment. Overview of Background and Career Career in Banking: Nair started off as a probationary officer in the State Bank of India in 1987. He has managed big corporate clients in a variety of roles over the years, most notably in the Corporate Accounts Group. International Experience: He was assigned to New York and Sydney, where he oversaw the Australian operations, while working for SBI's International Banking Group. Branch Management: Nair was instrumental in the State Bank of Bikaner & Jaipur's merger with SBI. He has overseen branches throughout Rajasthan and Western Uttar Pradesh.Stressful Management of Assets Leading in Stressed Assets: Nair has a great deal of expertise in handling assets under stress. Beginning in July 2017, he served as Chief General Manager of SBI's Stressed Asset Vertical, where he oversaw the resolution of Non-Performing Assets (NPAs) via a range of tactics, including as restructuring and ARC sales. NPA reduction: He was effective in bringing SBI's peak NPAs down from 10.96% to 4.90% during his tenure. Additional Positions: Nair oversaw SME, agriculture, and financial inclusion as Deputy Managing Director from September 2021 to July 2022. Later on, he rose to the position of SBI Chief Credit Officer and Deputy Managing Director.  

Kagame of Rwanda is sworn in for a fourth term following a 99 percent election victory.

Kagame of Rwanda is sworn in for a fourth term following a 99 percent election victory.

On August 11, Paul Kagame, the all-powerful president of Rwanda, took the oath of office for a fourth term. He had won elections previous month with a majority of almost 99% of the vote.Paul Kagame, the all-powerful president of Rwanda, took the oath of office on August 11 for a fourth term. He had won elections last month with a majority of more than 99% of the vote. In Kigali, where crowds had begun to assemble in the early hours of the morning, a crowded 45,000-seat stadium hosted several dozen heads of state and other guests from African countries for the inaugural ceremony.Kagame took office and took an oath. In front of Chief Justice Faustin Ntezilyayo, Kagame took the oath of office and swore to “preserve peace and national sovereignty, consolidate national unity.” For the iron-fisted Kagame, who has dominated the small African nation since the 1994 genocide, the results of the July 15 election were always certain, first as president and later as de facto leader.Paul Kagame: Who was he? Since 2000, Paul Kagame, a politician and former military officer from Rwanda, has served as the country's president. Prior to its 1990 invasion of Rwanda, he commanded the Rwandan Patriotic Front (RPF), an armed rebel group. One of the combatants in the Rwandan Civil War and the military force that put an end to the genocide in Rwanda was the RPF. When he served as President Pasteur Bizimungu's vice president and minister of defense from 1994 to 2000—the year the vice presidency was eliminated—he was regarded as Rwanda's de facto leader. Rwanda is devoid of democracy The National Electoral Commission reports that he received 99.18% of the votes cast, which is good for an additional five years in office. Human rights advocates claimed that the 66-year-old's resounding victory served as a clear reminder of Rwanda's lack of democracy. ruined country following the genocide After Hutu extremists unleashed a 100-day violent bloodletting on the Tutsi minority, killing some 800,000 people—mostly Tutsis but also Hutu moderates—Kagame is credited for reconstructing the devastated nation. However, opponents and rights advocates claim that he instills terror in the community and crushes any dissent with enforced disappearances, arbitrary detentions, and murders.  

T.V. Somanathan Named Head of the Cabinet

T.V. Somanathan Named Head of the Cabinet

Rajiv Gauba has been replaced as India's new Cabinet Secretary by T.V. Somanathan. On August30,2024, Somanathan, an IAS officer from Tamil Nadu who was selected in the 1987 batch, will start a two-year term. Until he formally takes up the position, he will also function as an Officer on Special Duty.Rajiv Gauba, whose term expires this month, has been replaced as India's Cabinet Secretary by Senior IAS Officer T.V. Somanathan. On August30,2024, Somanathan will start his two-year term. Until he formally takes up the position of Cabinet Secretary, he will also work as an Officer on Special Duty (OSD) in the Cabinet Secretariat.History and Time of Appointment Previous Roles: Somanathan, an IAS official from the Tamil Nadu cadre who was born in 1987, has performed a number of important roles. He has been the Finance Secretary since April 2021 and the Expenditure Secretary since December 2019. In addition, he held a number of positions in his home country and overseas, including the Prime Minister's Office.Qualifications: He is a trained Chartered Accountant (CA) and Company Secretary (CS), with a PhD in Economics from Calcutta University. He is also fluent in five languages, including English, French, Hausa, Hindi, and Tamil. Notable Contributions: In his capacity as Finance Secretary, Somanathan was instrumental in the creation of the FY22 budget, which increased fiscal openness. He has a distinguished academic background with over 80 papers and publications on economics, and he has also been active in examining the government employee pension system.Rajiv Gauba's Position Duration: Rajiv Gauba held the position of Cabinet Secretary for a record-breaking five years. Three extensions were given to him throughout his tenure, the most recent one being approved in August 2023. Accomplishments: Gauba's contribution to the 2019 Jammu and Kashmir Reorganisation Act is acknowledged, as it resulted in the division of the state into two Union Territories. Possible Replacing the Finance Secretary Tuhin Kanta Pandey: Tuhin Kanta Pandey, who serves as the Secretary of the Department of Investment and Public Asset Management (Dipam), is a strong contender for the Finance Secretary post. Significant disinvestment initiatives, such as the sale of Air India and the public introduction of LIC, have been managed by Pandey.  

Manoj Mittal Assumes Leadership Role as Sidbi's CMD Following Center Appointment

Manoj Mittal Assumes Leadership Role as Sidbi's CMD Following Center Appointment

After being appointed by the Indian government, Manoj Mittal assumed the role of Chairman and Managing Director (CMD) of the Small Industries Development Bank of India (Sidbi).After being appointed by the Indian government, Manoj Mittal assumed the role of Chairman and Managing Director (CMD) of the Small Industries Development Bank of India (Sidbi). Before this, he served as Industrial Finance Corporation of India's (IFCI) managing director (MD).With more than 33 years of experience According to an official release from the bank, Mittal has over 33 years of experience in the financial services industry, including his former positions as deputy managing director at Sidbi and MD and CEO of IFCI. Concerning Sidbi On April 2, 1990, Sidbi was founded by an act of the Indian Parliament. It is Sidbi's responsibility to carry out the threefold agenda of promoting, funding, and developing the MSME (micro, mini, and medium-sized enterprises) sector and coordinating the operations of other institutions involved in related activities.  

KV Subramanian Named MD & CEO of Federal Bank

KV Subramanian Named MD & CEO of Federal Bank

The Federal Bank announced in an exchange filing that Krishnan Venkat Subramanian has been appointed as Managing Director and Chief Executive Officer, with approval from the Reserve Bank of India (RBI).The Federal Bank announced in an exchange filing on July 22 that Krishnan Venkat Subramanian has been appointed as Managing Director and Chief Executive Officer, with approval from the Reserve Bank of India (RBI). September 23, 2024 is when Subramanian's three-year term will begin. This date coincides with the end of the present MD & CEO, Shyam Srinivasan's term, which ends on September 22, 2024.Concerning KV Subramanian The Indian Institute of Technology (IIT) in Varanasi awarded the former Kotak executive a degree in Electrical Engineering, while Jamnalal Bajaj Institute of Management Studies in Mumbai awarded him a postgraduate degree in Financial Management. In addition, he works as a Cost and Works Accountant. His Assistance Prior to April 30, 2024, Subramanian held the position of Joint Managing Director of Kotak Mahindra Bank Limited. During his tenure, he oversaw the direction of several crucial departments, including Corporate Banking, Commercial Banking, Private Banking, and Asset Reconstruction. His Professional Life He started his career with Kotak Mahindra Finance Ltd. in the NBFC industry, and he has a wealth of knowledge in investment banking. During his prior employment, Subramanian significantly contributed to the modernization of technology infrastructure and the enhancement of transaction banking skills. In addition, he managed the Institutional Equities and Investment Banking business units, keeping them at the top of the sector.  

Live Nirmala Sitharaman's Auto Sector Budget 2024, which prioritizes employment and skill development

Live Nirmala Sitharaman's Auto Sector Budget 2024, which prioritizes employment and skill development

It is intended to cover more employment in all sectors and benefit thirty lakh youth. For every extra employee, the government would refund firms for up to Rs 3,000 in monthly EPFO contributions for a maximum of two years. The goal of this program is to provide incentives for 50 lakh more people to find work. In her seventh consecutive Union Budget, Finance Minister Nirmala Sitharaman on Tuesday unveiled a number of plans to increase employment and skill levels. Sitharaman unveiled a Rs 2 lakh crore initiative for five programs designed to train 4.1 crore young people in the nation and create jobs for them.A package for employment and skill development, as well as three "Employment Linked Incentive" programs were also announced by the FM: Scheme A is for newcomers, Scheme B is for manufacturing job creation, and Scheme C is for employers' assistance. For first-time employers registered with the EPFO, Scheme A offers a direct benefit transfer of one month's income in three installments up to Rs. 15,,000. Incentives are to be given to businesses and employees based on their EPFO contributions during the first four years of employment under Scheme B, which aims to create jobs in the manufacturing sector. Scheme C relates to the repayment of employers' EPFO contributions for each extra employee, up to a maximum of Rs 3,000 per month for two years.  

PwC India Chairperson Sanjeev Krishan Re-Elected for Second Term

PwC India Chairperson Sanjeev Krishan Re-Elected for Second Term

Commencing on April 1, 2025, Sanjeev Krishan has been re-elected to serve as the chairman of PwC India for a second term. His reappointment attests to his ongoing significance and effective leadership.Re-elected to a second term as PwC India's chairman, Sanjeev Krishan will take office on April 1, 2025. His noteworthy contributions to the expansion and innovation of the company are highlighted by this reappointment. Krishan, who took office on January 1, 2021, will continue to serve as PwC's internal and external representative. He will also continue to serve on the PwC Global Strategy Council.Highlights of Your Career PwC Duration As an articled trainee, Krishan began working at PwC in 1991. In 2006, he was promoted to partner and took charge of the company's Deals, Transactions, and Private Equity division.Global Perspective Through an international exchange program, he has also worked with PwC Sweden, concentrating on cross-border transactions with corporate clients and private equity investors. Thoughts on the Re-Election Dinesh Arora's Declaration PwC India's Chair of the Partnership Oversight Committee, Dinesh Arora, emphasized Krishan's contribution to the company's rise to prominence and its technological innovation, both of which boost productivity. Krishan's Perspective Krishan pledged to support clients in seizing growth possibilities in the face of geopolitical upheaval and macroeconomic difficulties, calling his reelection "humbling." He underlined how the Indian economy has the power to influence the direction of the world economy. Extra Positions Krishan participates actively in a number of esteemed committees: National Committee on Stressed Assets, or FICCI CII: Council on Corporate Governance and Council on Economic Affairs Primary Market Advisory Committee, or SEBI  

PwC India Chairperson Sanjeev Krishan Re-Elected for Second Term

PwC India Chairperson Sanjeev Krishan Re-Elected for Second Term

Commencing on April 1, 2025, Sanjeev Krishan has been re-elected to serve as the chairman of PwC India for a second term. His reappointment attests to his ongoing significance and effective leadership.Re-elected to a second term as PwC India's chairman, Sanjeev Krishan will take office on April 1, 2025. His noteworthy contributions to the expansion and innovation of the company are highlighted by this reappointment. Krishan, who took office on January 1, 2021, will continue to serve as PwC's internal and external representative. He will also continue to serve on the PwC Global Strategy Council.Highlights of Your Career PwC Duration As an articled trainee, Krishan began working at PwC in 1991. In 2006, he was promoted to partner and took charge of the company's Deals, Transactions, and Private Equity division. Global Perspective Through an international exchange program, he has also worked with PwC Sweden, concentrating on cross-border transactions with corporate clients and private equity investors. Thoughts on the Re-Election Dinesh Arora's Declaration PwC India's Chair of the Partnership Oversight Committee, Dinesh Arora, emphasized Krishan's contribution to the company's rise to prominence and its technological innovation, both of which boost productivity.Krishan's Perspective Krishan pledged to support clients in seizing growth possibilities in the face of geopolitical upheaval and macroeconomic difficulties, calling his reelection "humbling." He underlined how the Indian economy has the power to influence the direction of the world economy. Extra Positions Krishan participates actively in a number of esteemed committees: National Committee on Stressed Assets, or FICCI CII: Council on Corporate Governance and Council on Economic Affairs Primary Market Advisory Committee, or SEBI  

Newsletter

Subscribe our newsletter to stay updated every moment