O.P. Bhatt, former SBI chairman, has resigned from the search and selection committee of Yes Bank which was set up to identify a new Managing Director and CEO. He cited conflict of interest. Mr. Bhatt has attended three meetings of the search committee.
Yes Bank stated that the Nomination and Remuneration Committee (NRC) has decided to continue with the existing members to complete the process as per the timeline communicated by RBI.
India's second largest IT services firm Infosys named Jayesh Sanghrajka as its interim Chief Financial Officer (CFO).
The current CFO, MD Ranganath, step down after an 18-year career with the company.
Sanghrajka has spent 13 years in Infosys over two stints and is currently Executive Vice President and Deputy Chief Financial Officer.
In July, the CBI named Ashok Chawla in a chargesheet relating to the Aircel-Maxis case.
Mr. Chawla has also been the chairman of the Competition Commission of India, and continues to be the chairman of the National Stock Exchange and is also on the Jet Airways board.
Yes Bank has also accepted the resignation of Vasant Gujrati, the chairman of Yes Bank’s audit committee.
The bank has announced the appointment of Uttam Prakash Agarwal as an additional director (independent), with immediate effect, to replace Gujarati.
Union Ministers Narendra Singh Tomar and DV Sadananda Gowda got charge of additional portfolios, following the demise of Union Minister Ananth Kumar on November 12.
While Sadananda Gowda has been assigned the charge of Ministry of Chemicals and Fertilisers, Tomar got the additional charge of Ministry of Parliamentary Affairs.
Vinod K.Dasari announced his resignation as the CEO and MD of Ashok Leyland. The decision was formally announced and it will be released to the second quarter numbers of the company. The resignation would take effect on March 31, 2019. Mr.Dasari said that he is to pursue other interests and continue his learning journey.
He worked for almost 14 years with the company. Beginning April 6, 2005, Mr.Dasari served as the head of the manufacturing, strategic sourcing, and corporate quality engineering divisions of Ashok Leyland. He has been a whole-time director of the company since May 8, 2008. He was appointed MD on April 1, 2011, and promoted as the Chief Executive Officer (CEO) on April 1, 2016.
His decision follows an independent investigation done on behalf of Flipkart and Walmart into an allegation of serious personal misconduct.
Kalyan Krishnamurthy will continue as the CEO of Flipkart, which will now include Myntra and Jabong. Ananth Narayanan will continue as the CEO of Myntra and Jabong and will report to Krishnamurthy.
The Nepal government nominated Nilambar Acharya, the former Law Minister and senior politician, as Ambassador to India. If elected, he will replace Deep Kumar Upadhyay who resigned resigned October last year.
Mr.Achayra, a former envoy to Sri Lanka, currently coordinates the Nepal side of the Eminent Persons Group on Nepal-India relations. He is a member of Nepali Congress party. Acharya's name is to be sent to a parliamentary committee for approval, which then will forward it to the Ministry of Foreign Affairs (MFA).
The ACC approved the appointment of S. S. Deswal, IPS as Director General, Indo Tibetan Border Police (ITBP).
He took charge from R K Pachnanda, the outgoing DG of ITBP, who superannuated recently.
It was approved by the Appointments Committee of the Cabinet (ACC). Gupta would replace acting chairperson Sudhir Mital.
Gupta, a former IAS officer of the Tamil Nadu cadre, would receive a consolidated salary of Rs 4,50,000 per month, without house and car, as per the communication.
The appointment would be till October 25, 2022 -- the date when he attains the age of 65 years -- or until further orders, whichever is the earliest.
He urged the Conrad Sangma government to speed up the appointment of 4 other members of the Lokayukta.
He is an Indian Foreign Service Officer (IFS) of 1990 batch.
At present, he is Additional Secretary at Headquarters of Ministry of External Affairs.
In September, Elon Musk had agreed to step down as chairman of Electric carmaker Tesla as part of a settlement with the US Securities and Exchange Commission.
Robyn Denholm will leave her Chief Financial Officer (CFO) post at Telstra and take over Musk's position, which he's been holding for 14 years.
However, Musk will remain on the board as a director and Tesla CEO.
The tenure of the Lok Sabha Secretary General, Snehlata Shrivastava, has been extended by Speaker Sumitra Mahajan for one year.
The 1982-batch retired IAS officer of the Madhya Pradesh cadre, who was appointed last year in rank and status of a Cabinet Secretary, was scheduled to retire on November 30, 2018.
Her extension will be effective from December 1, 2018 up to November 30, 2019.
She has served as Secretary in the Ministry of Law and Justice and as Special/Additional Secretary in the Ministry of Finance.
US President Donald Trump fired the country's Attorney General Jeff Sessions, a year after he recused himself from an inquiry into the President's links to Russia.
'Jeff Sessions' was sworn in as the 84th Attorney General of the United States on February 9, 2017 by Michael R. Pence.
Matthew Whitaker, a critic of the Russia investigation, has been appointed the acting Attorney General.
He won 86 of the 134 second-round votes collected by International Boxing Association (AIBA) officials in Moscow to beat his only opponent, former boxer Serik Konakbayev of Kazakhstan.
About International Boxing Association (AIBA)
Headquarters: Lausanne, Switzerland
President: Dr Wu Ching-kuo
The four new judges of Supreme Court (SC) appointed by President Ram Nath Kovind under Article 124 are:
♦ Hemant Gupta,
♦ R Subhash Reddy,
♦ Mukesh Kumar Rasikbhai Shah and
♦ Ajay Rastogi.
They were administered oath of office by Chief Justice Ranjan Gogoi.
They will have tenure till they attain age of 65.
With this appointment, the strength of the Supreme Court rose to 28.
Atul Kumar Goel assumed charge as Managing Director and CEO of UCO Bank by replacing R K Takkar.
Earlier, Goel was executive director of Union Bank of India.
About UCO Bank:
♦ Tag line – Honors Your Trust
♦ Headquarters – Kolkata
Five-time World Champion Mary Kom leads the 10th edition of AIBA Women's World Boxing Championships, which is to be held at the IG Stadium's K.D. Jhadav Hall, New Delhi between November 15 and 24.
Over 300 women boxers from 70 countries will participate in this edition.
The board of Bank of Maharashtra (BoM) is to reinstate and restore its Managing Director (MD) and Chief Executive Officer (CEO) Ravindra Marathe and Executive Director (ED) R.K.Gupta’s financial responsibilities, a move which will be a huge morale booster for the public sector bank’s staff.
Their powers were taken away in June after they were arrested by the economic offences wing of Pune Police following allegations of violation of norms while extending loans to real estate developer. Mr.Marathe will retire from the bank on November 30.
He served as the senior-most judge of the Hyderabad High Court.
He replaces Justice KM Joseph who was promoted to the Supreme Court.
Ramesh Ranganathan was administered the oath by Uttarakhand Governor Baby Rani Maurya in Raj Bhavan, Dehradun.
Ramesh Ranganathan was born in Delhi on July 28, 1958.
He was a Government Pleader from 1996 to 2000.
G.N.Bajpai, the former chairman of Securities and Exchange Board of India (SEBI), has stepped down from the newly constituted board of Infrastructure Leasing & Financial Services (IL&FS). He cited personal reasons. His resignation effected from October 30, 2018.
Bajpai is currently a non-executive director and chairman of Future Generali India Insurance Co. Ltd.
She would replace Mulatu Teshome Wirtu.
Prior to her appointment, she was serving as the UN's top official at the African Union.
The board of directors of The Hindu Publishing Group appointed senior journalist Suresh Nambath as editor of The Hindu.
His appointment with be effective from March 1, 2019.
He will succeed Mukund Padmanabhan, who has been an editor since March 2016.
He won the 7th term as President of Cameroon.
He has been ruling Cameroon since 1982.
He is 85 years old.
Arundhati Bhattacharya, former chairman of State Bank of India (SBI), is appointed as additional director, designated as independent director, Reliance Industries Limited (RIL). RIL stated that Arundhati Bhattacharya is appointed for five years commencing October 17, 2018, subject to the approval of the shareholders. It also said wholly-owned arm Reliance Industrial Investments and Holdings has bought 12.7% in SkyTran Inc., which develops technology in the field of Personal Rapid Transit Systems.
The Reserve Bank of India (RBI) approved the appointment of Sandeep Bakhshi as the Managing Director (MD) and Chief Executive Officer (CEO) of ICICI Bank for three years. The approval is against a five-year term sought by ICICI. The appointment will be with effective from October 15.
Mr.Bakhshi was elevated from the post of Chief Operating Officer (COO) to MD and CEO after the resignation of Chanda Kochhar on October 4.
He appointed the Chairperson of National Commission for Protection of Child Rights (NCPCR)by the appointments committee of the cabinet for a term of 3 years.
He will be the 5th Chairperson of NCPCR. He replaces Stuti Kacker, whose tenure ended on September 16, 2018.
Senior advocate Tushar Mehta is appointed the new Solicitor General of India by Appointments Committee of the Cabinet (ACC). Mehta is at present the Additional Solicitor General. He replaces Ranjit Kumar as he resigned the post in the month of October in 2017. The post was lying vacant since then.
Mr.Mehta will hold office till June 30, 2020. Mehta was Gujarat advocate general when Prime Minister Narendra Modi was the chief minister of the state.
Amway appointed Milind Pant as its CEO. Mr.Pant joins Amway, which has a revenue of $8.6 billion. Mr.Pant joins Amway from Yum! Brands where he was recently president of Pizza Hut International. He will be reporting directly to Amway's board of directors and will also hold a seat on the board on effective January 2, 2019.
Steve Van Andel, Amway Chairman, and Doug DeVos, Amway's President, will move to Amway's Board of Directors where they will serve as co-chairs. This is a new position for Amway, a business that has been family run since its beginning in 1959.
PHD Chamber of Commerce and Industry (PHDCCI) announced that Mahesh Y Reddy taken over as its Secretary General with immediate effect.
He holds 28 years of experience in national level trade, infrastructure and industry bodies in various capacities.
A senior officer with the Ministry of Statistics and Programme Implementation (MoSPI), as the Chief Statistician of India (CSI).
Srivastava’s tenure will be till August 31, 2020.
He will assume the office of the Solicitor General till June 30, 2020.
Presently, Mehta is serving as the Additional Solicitor General (ASG) of India.
Solicitor General is the second highest ranking law officer of the government after the Attorney General.
The Pakistan Army appointed Lt. Gen. Asim Munir as the new chief of Pakistan’s powerful spy agency Inter-Services Intelligence (ISI). He previously served as head of the Military Intelligence.
He was recently promoted to the rank of Lieutenant General by the Army Promotion Board, headed by Chief of Army Staff Gen. Qamar Javed Bajwa. He replaces Lt. Gen. Naveed Mukhtar. His office will assume charge from October 25.
Britain’s Prime Minister Theresa May appointed Jackie Doyle-Price as the Suicide Prevention Minister. This is a part of a national effort in order to reduce the number of people who take their own lives.
Ms.May has also allocated a budget of 1.8 million pounds ($2.4 million) to help the Samaritans' helpline which is a confidential 24/7 freephone service. It expands its consultation services to people who are dealing with mental health issues.
Sunil Bhaskaran, Tata Group veteran, has been appointed as the Chief Executive Officer (CEO) and Managing Director (MD) of low-cost carrier AirAsia India with effect from November 15, 2018.
Mr.Bhaskaran was the vice-president, Corporate Services at Tata Steel. He has more than three decades’ experience in the fields of manufacturing, export and commercial operations with the Tata Group.
Mr.Bhaskaran is to oversee the next phase of expansion and growth of the company, AirAsia India. The airline is jointly owned by Tata Sons and Air Asia Bhd. AirAsia India has a market share of less than 5% and a fleet of 19 aircraft.
He is the Managing Director and CEO of National Stock Exchange of India (NSE).
His appointment was made at the 58th General Assembly and Annual Meeting of WEF in Athens, Greece.
WFE also admitted 6 new members. They are Multi Commodity Exchange of India (MCX), London Stock Exchange Group, Boursa Kuwait, Tunis Stock Exchange, China Securities Depository and Clearing Corporation and Nairobi Securities Exchange.
The Centre has appointed Rakesh Sharma, former Canara Bank MD, as head of IDBI Bank. He has been appointed as MD for a period of six months. The tenure of B.Sriram, who was appointed as chief executive of IDBI Bank for three months, ended in September 2018.
Type: Public Sector Bank
Industry: Banking, Financial services
Owner: Government of India
Founded: 1 July 1964
Headquarters: Mumbai, India
Key people: Mr.Rakesh Sharma
Chanda Kochhar, the MD and CEO of ICICI Bank, private sector lender, quit her position. This is after the bank’s appointment of a Srikrishna committee which is headed by Justice B.N. Srikrishna (retd.). The committee was to look into the allegations of conflict of interest against Ms.Kochhar. The committee is yet to officially submit its findings to the bank’s board. She had gone on leave after the committee was formed.
The bank has now named Sandeep Bakhshi as the new MD & CEO and handed him a five-year term till October 3, 2023. The appointment is subject to regulatory approvals.
Barham Salih elected Shiite Adel Abdul Mahdi as Prime Minister of the country. The move will pave the way to form a new government nearly five months after national elections.
Salih won 220 votes out of the 273 lawmakers.
Currency- Iraqi dinar
Around 95% of the country's 37 million citizens are Muslims, with Christianity, Yarsan, Yezidism and Mandeanism also present.
The official languages of Iraq are Arabic and Kurdish.
The Organisation of Pharmaceutical Producers of India (OPPI) re-elected A Vaidheesh as President for the second consecutive term.
He is working as Vice President, South Asia & Managing Director, in GlaxoSmithKline Pharmaceuticals.
It represents the research-based pharmaceutical companies in India.
The former IAS officer Rangachari Sridharan as chairperson of the National Financial Reporting Authority (NFRA), an entity which will function as an independent regulator for the auditing profession.
He is a retired 1983 batch IAS officer of the Karnataka cadre.
The government appointed Rajni Kant Mishra as the Director-General of Border Security Force (BSF) in the place of K.K. Sharma. He is a 1984 batch Indian Police Service (IPS) officer of Uttar Pradesh cadre.
Mr.Mishra is currently the head of the Sashastra Seema Bal (SSB). He is to head the BSF till August 31, 2019. Special D-G (BSF) S.S.Deswal, will replace Mr.Mishra in SSB.
Eastern Air Command chief Anil Khosla will take over as the new vice chief of the Indian Air Force (IAF) with Air Marshal SB Deo set to retire.
According to other approved postings by the Indian Air force, new Deputy Chief of Air Force will be Air Marshal VR Chaudhari, New DG of Air operations' post went to Air Marshal Amit Deo.
Kevin Systrom and Mike Krieger, co-founders of the photo-sharing app Instagram, have resigned and plan to leave the company.
They founded the app in 2010 and sold it for a billion dollars to Facebook in 2012, when the photo-sharing site was used by around 30 million people.
The post was lying vacant since the exit of Umang Bedi in October last year.
Ajit Mohan will join Facebook early next year and will be first Facebook India leader reporting to Menlo Park and not Asia Pacific.
Prior to Hotstar, Mohan also served as executive VP and Senior Vice President, Corporate, at Star TV Network.
The Indian Space Research Organisation (ISRO) has chosen veteran scientist Dr VR Lalithambika to head its Gaganyaan mission to put an Indian in space by 2022.
The 56-year-old scientist has 30 years of experience in space missions with ISRO.
She was also a key member of the team responsible for launching 104 satellites in one go in February 15, 2017.
The Appointments Committee of the Cabinet approved her appointment as a non-official independent director on the board of Air India Ltd.
He was the chief secretary of the Andaman and Nicobar Islands and appointed as financial commissioner of Delhi in July.
In another appointment Kamlesh Nilkanth Vyas, Director of Bhaba Atomic Research Centre has been appointed as Secretary, Department of Atomic Energy and Chairman of Atomic Energy Commission.
The Appointments Committee of the Cabinet (ACC) approved the 10 appointments following proposals from the Department of Financial Services, under the Union Ministry of Finance.
Of those named, 5 are currently the deputy managing directors of State Bank of India (SBI) while the other 5 are executive directors (EDs) at different government-owned lenders.
The two stars of the film 'Sui Dhaaga - Made in India', have been signed on to promote and endorse the Skill India Mission (SIM), chaired by the Hon'ble Prime Minister Shri Narendra Modi.
Skill India Mission is led by the Ministry of Skill Development and Entrepreneurship (MSDE) and aims to standardise vocational training.