1. Lalit Kumar Gupta appointed as CMD of Cotton Corporation of India (CCI)
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Lalit Kumar Gupta has been appointed as the new Chairman and Managing Director (CMD) of Cotton Corporation of India (CCI).
The Appointments Committee of the Cabinet (ACC) has approved the appointment of Gupta as the CMD of CCI.
CCI is a Public Sector Undertaking under the Ministry of Textiles.
Gupta's tenure as CMD will be for five years or till his superannuation or until further orders, whichever comes first.
About Lalit Kumar Gupta
He is currently holding the position of Director (Finance) in Cotton Corporation of India (CCI).
Lalit Kumar Gupta is a Chartered Accountant (CA) certified by the Institute of Chartered Accountants of India (ICAI).
He is also a member of the Institute of Company Secretaries of India (ICSI).
About Cotton Corporation of India
Establishment - 1970
Headquarters -Mumbai
2. Luxor signs Virat Kohli as its new brand ambassador
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Stationery manufacturer Luxor Writing Instruments Pvt Ltd has appointed renowned cricketer Virat Kohli as its latest brand ambassador.
news overview
Kohli will represent Luxor's stationery products and help the company increase its appeal among young writers, thereby enhancing its position as the leading writing instrument provider in the country.
It is aimed specifically at establishing Luxor as a leading stationery brand in India and increasing the appeal of Luxor's stationery brand among the youth market.
Indian stationery brand Luxor has partnered with Schneider Pens of Germany to introduce a premium range of creative writing instruments in India.
About Luxor International Private Limited
Establishment - 1963
Headquarters - Noida
Managing Director - Pooja Jain Gupta
About schneider pens
Establishment -1938
Founder -Christian Schneider
3. Ram Sahaya Prasad Yadav elected Nepal's third Vice President
Tags: Person in news International News
Ram Sahai Prasad Yadav has been elected as the third Vice President of Nepal and is the leader of the Janata Samajwadi Party.
An Overview of the News
In the voting, Yadav defeated Astalakshmi Shakya of CPN (UML) and Mamta Jha of Janmat Party.
Yadav received support from the ruling coalition, including the Nepali Congress, CPN (Maoist Centre), and CPN (Unified Socialist).
A total of 311 federal MPs and 518 provincial assembly members participated in the vote.
The polling station for the election was located in the Federal Parliament Building at New Baneshwar in Kathmandu.
According to the Constitution of Nepal, the Vice President can perform the duties of the President during the absence of the President.
The term of the Vice President is five years from the date of his election.
Yadav was a former Minister of Forest and Environment and a member of Nepal's first federal parliament.
About Nepal
The kingdom of Nepal was established by the Shah dynasty.
It is a landlocked country in South Asia.
President - Ram Chandra Paudel
Prime Minister - Pushpa Kamal Dahal
Capital - Kathmandu
Currency - Nepalese Rupee
4. K Krithivasan appointed CEO Designate of Tata Consultancy Services (TCS)
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Kriti Krithivasan has been appointed as the CEO of the country's largest IT services firm Tata Consultancy Services (TCS) after the current CEO and MD Rajesh Gopinathan stepped down on March 16.
An overview of the news
Prior to this, Krithivasan was the global head and president of TCS's banking, financial services and insurance businesses.
His responsibility is to create a growth strategy for the company, improve financial performance, customer mindshare and strengthen the company's position in the market.
He has helped the company's key clients drive digital transformation, change management cycles, drive cost optimization and establish IT program governance.
K Krithivasan joined TCS in 1989. He has held various positions in the company in delivery, sales and various top management positions in his career.
He holds a bachelor's degree in Mechanical Engineering from theUniversity of Madras and a master's degree in Industrial and Management Engineering from IIT Kanpur.
Tata Consultancy Services Ltd (TCS), a subsidiary of Tata Sons Pvt Ltd, is a provider of information technology (IT) services.
5. RBI Governor Shaktikanta Das wins 'Governor of the Year' award at Central Banking Awards 2023
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Reserve Bank Governor Shaktikanta Das has been honoured with the 'Governor of the Year 2023 Award' by the international publication Central Banking.
An Overview of The News
Mr Das has been heading the central bank since December 2018.
He has been awarded for successfully navigating the financial markets through various crises, including the pandemic and inflation caused by the war in Ukraine.
About Reserve Bank of India (RBI)
The Reserve Bank of India (RBI) is the central bank of India and was established on April 1, 1935.
It is responsible for regulating India's monetary policy and managing the country's currency and foreign exchange reserves.
RBI also acts as the banker to the Government of India, commercial banks and other financial institutions.
RBI is headquartered in Mumbai and operates through various regional offices across India.
6. The US Senate appointed of Eric Garcetti as the United States Ambassador to India
Tags: Person in news International News
Eric Garcetti has been confirmed by the US Senate as the new ambassador to New Delhi, chosen by President Joe Biden for the role.
An Overview of the News
Garcetti was supported by a majority of Senators, with 52 in favour and 42 against.
Seven Republican Senators joined the Democrats in backing Garcetti for the role.
Eric Garcetti served as the mayor of Los Angeles, California in the past..
He is the first LA mayor in more than 50 years to be nominated for a diplomatic position.
About the US Senate
The US Senate is one of the two chambers of the US Congress.
It has 100 senators, each state is represented by two senators, who serve for six-year terms.
The Senate has significant powers, including the ability to approve presidential nominations and treaties, and to serve as a court for impeachment proceedings.
The Vice President of America is the leader of the Senate, but votes only in case of a tie.
7. Tim Mayopoulos has been appointed CEO of Silicon Valley Bank by the FDIC
Tags: Person in news International News
Tim Mayopoulos, the former CEO of Fannie Mae, has been selected by the Federal Deposit Insurance Corporation (FDIC) as the CEO of Silicon Valley Bank, a subsidiary of the defunct SVB Financial Group.
News Overview
Prior to joining StartupBlend, Mayopoulos was CEO of mortgage financier Fannie Mae for more than six years.
About Silicon Valley Bank
Establishment - 1983
Founder -Roger V Smith
President - Gregory W. Baker
Headquarters - Santa Clara, California (United States)
About the Federal Deposit Insurance Corporation (FDIC)
Formed -1933
Jurisdiction - United States federal government
Founder - Franklin D. Roosevelt
Headquarters - Washington, D.C. (United States)
8. LIC appoints Tablesh Pandey as managing director
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The Life Insurance Corporation of India (LIC) on 14 March announced the appointment of Tablesh Pandey and M Jagannath as Managing Directors of the corporation.
An overview of the news
Tablesh Pandey will take over from 1 April 2023, M Jagannath will take over from 13 March 2023.
The two managing directors retiring from the corporation this week are Raj Kumar and BC Patnaik.
M Jagannath joined LIC as a Direct Recruitment Officer in 1988 and has rich experience in Marketing and has held various important assignments and successfully led large teams.
He has worked as Senior Divisional Manager in-charge of Ernakulam, Dharwad and Bangalore I Divisions.
He also served as the Chief Executive Officer and Managing Director of LIC (Lanka) Limited, Colombo, Sri Lanka for a period of 4 years between 2009 and 2013.
Tablesh Pandey is currently the Executive Director of the LIC.
Siddhartha Mohanty, who is serving as the Managing Director of LIC, has taken charge of the financial and administrative powers and functions of the Chairman of LIC of India in the interim.
LIC presently has four managing directors.
9. Shreya Ghodawat appointed as India's ambassador of 'She Changes Climate'
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Climate entrepreneur Shreya Ghodawat appointed as India's ambassador for She Changes Climate on March 13, 2023
News Overview
In honour of International Women's Day, a global non-profit organisation launched a special initiative called 'Embrace Equity'.
The initiative aims to amplify women's voices about the effects of climate change.
The campaign promotes the role of women in accelerating climate change.
According to UN Women, more than 150 countries have laws that discriminate against women.
10. Surekha Yadav becomes Asia's first woman loco pilot to operate Vande Bharat Express
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Asia’s first woman loco pilot Surekha Yadav has become the first female to operate the newly-introduced semi-high speed Vande Bharat Express train.
An overview of the news
She piloted a semi-high speed train between Solapur station and Chhatrapati Shivaji Maharaj Terminus (CSMT) in Mumbai on 13 March.
The train left Solapur station on March 13 on schedule and reached CSMT five minutes before its scheduled arrival for a journey of over 450 km.
Yadav set another record in Central Railway by becoming the first woman loco pilot of Vande Bharat Express.
Surekha Yadav, a resident of Satara in the western Maharashtra region, became India's first woman train driver in 1988.
She has won many awards at the state and national level for his achievements so far.
Central Railway has introduced two Vande Bharat Express trains on CSMT-Solapur and CSMT-Sainagar Shirdi route which were flagged off by Prime Minister Narendra Modi on February 10, 2023.
Mumtaz Kazi, who has the distinction of being Asia's first suburban motor woman, piloted the K99 local, a women's special train running between Chhatrapati Shivaji Maharaj Terminus (CSMT) in Mumbai and Kalyan.
