1. Ratan Tata appointed to 'Order of Australia' for bolstering bilateral ties
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Indian industrialist and philanthropist Ratan Tata has been appointed as an Honorary Officer in the General Division of the Order of Australia (AO), for distinguished service to Australia-India bilateral relations, particularly trade, investment and philanthropy.
An overview of the news
Australian High Commissioner to India Barry O'Farrell said that the Governor General of Australia announced his appointment.
Ratan Tata is the Chairman Emeritus of Tata Sons, former Chairman of the Tata Group and one of the world's richest entrepreneurs.
He tops the list of most humble entrepreneurs India has ever had.
With a net worth of over $1 billion (accessed in 2022), Ratan Tata is a humanitarian.
Ratan Tata has been a strong and influential supporter of deeper ties between Australia and India, including advocating for an India-Australia Economic Cooperation and Trade Agreement, set to be finalized in 2022.
Their work includes supporting development and creating opportunities in many areas, including health, nutrition, education, water, agriculture, environment, and energy, social justice and inclusion, digital transformation, disaster relief, and women's economic empowerment.
He has received numerous international awards and commendations including a Doctor of Business honoris causa from the University of New South Wales.
2. G Krishnakumar appointed as the chairman of Bharat Petroleum Corporation
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G Krishnakumar has been appointed as the Chairman and Managing Director of Bharat Petroleum Corporation Limited (BPCL), a 'Maharatna' and Fortune Global 500 company.
An Overview of the News
Krishnakumar is an Electrical and Electronics Engineer from National Institute of Technology, Tiruchirappalli, and a Post Graduate in Finance Management from Jamnalal Bajaj Institute of Management Studies, Mumbai.
He was earlier an executive director in the company and succeeds Arun Kumar Singh, who retires as chairman in October 2022.
BPCL was earlier known as Bharat Refineries Limited and was formed after the Government of India acquired Burmah Shell on January 24, 1976.
BPCL was the first refinery to process Bombay High, a recently discovered indigenous crude.
About Bharat Petroleum Corporation Limited (BPCL)
Bharat Petroleum Corporation Limited (BPCL) is a state-owned oil and gas company in India that was founded in 1952 and is headquartered in Mumbai, Maharashtra.
BPCL has a diverse range of products and services that cater to the energy needs of customers in India and abroad.
The company operates two large refineries in India, one in Mumbai and the other in Kochi, with a combined refining capacity of over 15 million metric tonnes per annum.
BPCL has a significant presence in the upstream sector and has exploration and production operations in several countries, including Brazil, Mozambique, and Australia.
3. 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
4. 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
5. 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
6. 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.
7. 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.
8. 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.
9. 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)
10. 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.
