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HUL separates position of the Board Chairman and CEO & MD; Nitin Paranjpe appointed non-executive chairman

Hindustan Unilever announced the appointment of Nitin Paranjpe as the non-executive chairman and non-executive director of the company, effective from March 31, 2022. Sanjiv Mehta, the CEO, and MD of the company will continue in his current role.

The company also announced the re-appointment of Dev Bajpai as a whole-time director for a period of five years.

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IKEA India appoints Susanne Pulverer as its first woman CEO, CSO

Swedish home furnishings retailer IKEA (part of Ingka Group) announced the appointment of Susanne Pulverer as its new and first woman Chief Executive Officer and Chief Sustainability Officer, for its India business.

Prior to her role as IKEA India CEO and CSO, Pulverer held the position of Group Business Risk and Compliance Manager at the Ingka group.

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RBI cancels registration certificate of P C Financial Services operating 'Cashbean' app

Reserve Bank of India has cancelled the Certificate of Registration of PC Financial Services Pvt Ltd, Delhi for violation of RBI directions on outsourcing and Know Your Customer norms.

PC Financial Services Private Limited, New Delhi was primarily engaged in mobile app-based lending operations through an app called `Cashbean`.

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Standard Chartered, IATA tie up forh payment platform for airline industry

Global banking group Standard Chartered has partnered with the International Air Transport Association to launch a payment platform for airline industry in India.

In addition to existing payment options such as credit cards, IATA Pay will be a new payment option that enables participating airlines to offer instant payment options such as UPI Scan & Pay & UPI Collects.

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IDBI Bank board approves appointment of TN Manoharan as additional director

IDBI Bank has approved appointment of T N Manoharan as additional director with immediate effect.

Manoharan is not related to any other director on the board and the KMP (key management personnel) of the bank, the lender said in a BSE filing.

He also served as director at the instance of RBI in Sahara India Finance Corporation.

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Digital India CEO Abhishek Singh named National e-Governance Division chief

In a top level administrative realignment the Union government has announced to elevate senior IAS officers and Digital India Corporation CEO Abhishek Singh as new National e-Governance Division (NeGD) CEO.

The 1995-batch IAS officer from Nagaland cadre will hold the position in the rank and pay of Additional Secretary.

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Defence ministry teams up with CSC e-Governance to onboard pension services under SPARSH across India

The Defence Accounts Department (DAD) under the of ministry of defence has teamed up with CSC e-Governance Services India Limited, a special purpose vehicle (SPV) under ministry of electronics and information technology, to onboard pension services under the System for Pension Administration (Raksha) - SPARSH - initiative across more than four lakh Common Service Centres.

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WEF and NIUA launch ‘Sustainable Cities India' program to help cities meet Net Zero goals

The World Economic Forum (WEF) and the National Institute of Urban Affairs (NIUA) has signed a memorandum of understanding (MoU) to collaborate on a jointly designed ‘Sustainable Cities India' program which will aim to create an enabling environment for cities to generate decarbonization solutions across the energy, transport, and the built environment sectors.

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Greater Noida Authority gets Centre’s nod to start Aadhaar authentication online

The Greater Noida Authority has become the first in Uttar Pradesh to get permission for carrying out the Aadhaar authentication of its allottees online. Once officially rolled out, the facility will allow allottees to avail all property-related services online.

The new initiative would allow the Authority to verify the identities of beneficiaries & reduce the frauds.

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J&K admin sets target to harness hydropower potential to make UT power surplus

The Jammu and Kashmir administration has set a target to harness the region's hydropower potential to make the Union territory power surplus in next five years.

He added that among the priorities in this regard was tapping the 20,000-megawatt (MW) power potential of the region.

In the past 70 years, only 3,500 MW out of the potential of 20,000 MW had been harnessed in J&K.

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Union Minister Shri Giriraj Singh launches Ombudsperson App for Mahatma Gandhi NREGA

Union Minister for Rural Development and Panchayati Raj Shri Giriraj Singh launched Ombudsperson App for Mahatma Gandhi NREGA.

Addressing the launching event the Minister said that the Ombudsperson App is a step towards e-governance, this will be helpful in ensuring transparency and accountability.

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Commission approves proposed combination involving acquisition of stake in ISMT Limited by Kirloskar Ferrous Industries Limited

The Competition Commission of India (CCI) approved proposed combination involving acquisition of stake in ISMT Limited by Kirloskar Ferrous Industries Limited.

Kirloskar Ferrous Industries Limited (Acquirer) is a listed public company limited by shares and is a flagship company of Kirloskar Group.

ISMT Limited (Target) is a listed public company limited by shares.

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Mansukh Mandaviya launches ICMR/DHR Policy on Biomedical Innovation & Entrepreneurship for medical professionals

To promote start-up culture, ensure multi-disciplinary collaboration and develop an innovation-led ecosystem at Medical Institutes across the country, Union Health Minister Dr Mansukh Mandaviya has launched ICMR/DHR Policy on Biomedical Innovation & Entrepreneurship for medical professionals, scientists & technologists at medical, dental, paramedical institutes & colleges.

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National Strategy on Additive Manufacturing announced

Catering to the next-generation digital manufacturing & aiming to mitigate immediate disabilities of local industries, Ashwini Vaishnaw, Union Minister of Electronics & Information Technology, Communications & Railways & Rajeev Chandrasekhar, Minister of State for Electronics & IT& Skill Development & Entrepreneurship announced “National Strategy on Additive Manufacturing".

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Steel Minister, Shri Ram Chandra Prasad Singh to chair two-day Conference of Ministers of Mines & Industries from States

Union Steel Minister, Shri Ram Chandra Prasad Singh will chair ‘Conference with Mines and Industry Ministers’ of mineral rich states of the country at Konark, Odisha between 25-26 February, 2022.

The Minister of State for Steel and Rural Development Shri Faggan Singh Kulaste will also address the two day Conference.

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19th edition of BioAsia kick-starts on 24th February

19th edition of the Asia’s largest life-sciences and Health Tech forum BioAsia, the annual flagship event of Government of Telangana will be held during February 24th and 25th, 2022 in a virtual format.

The theme of this year’s edition is ‘Future Ready’ and would focus on exploring industry’s current position and future potential.

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India's biggest wrestling academy to be set up by Railways in Delhi

The Indian Railways will soon set up the country’s biggest world-class academy, exclusively for wrestlers in railways, with all the best sports facilities at Kishanganj locality in Delhi.

An estimated cost of Rs 30.76 crore for its establishment has already been sanctioned by the railway.

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