Shivalik Small Finance Bank has appointed Anshul Swami as the bank’s managing director and chief executive officer effective from April 26.
Swami replaces Suveer Kumar Gupta who co-founded the bank and led its transition from an urban co-operative bank to a small finance one. Gupta will now act as an adviser to the Board of Directors.
Shivalik Small Finance Bank, Headquarters: Noida, Uttar Pradesh.
The Union Cabinet has approved an additional funding of Rs 820 crore for India Post Payments Bank that will be utilised for expansion of its services to all post offices in the country.
The Cabinet has given its in-principle approval for future fund infusion worth Rs 500 crore into IPPB for meeting regulatory requirements and technological upgradation.
Tata-owned Air India has reached out to the anti-trust regulator Competition Commission of India (CCI) for the merger of its low-cost subsidiary AirAsia India.
AirAsia India, a low-cost Indian carrier, is run by the Tata Group. Presently, Tata Sons holds 83.67 per cent of the company.
The USA has put India & 6 other countries including China & Russia on its annual 'Priority Watch List' for intellectual property protection & enforcement. Other countries on the watch list include: Argentina, Chile, Indonesia, and Venezuela. These countries will be the subject of particularly intense bilateral engagement during the coming year said the Office USTR.
USTR:- United States Trade Representative.
The Union Cabinet chaired by Prime Minister Narendra Modi has approved a Universal Service Obligation Fund (USOF) project for upgrading 2G mobile services to 4G at security sites in Left-Wing Extremism (LWE) hit areas.
The project envisages upgrading 2,343 LWE Phase-I sites from 2G to 4G mobile services at an estimated cost of Rs.1,884.59 crore (excluding taxes and levies).
The Border Roads Organisation (BRO) engineering marvel, Atal Tunnel, built in Rohtang in Himachal Pradesh, received the Indian Building Congress' (IBC) 'Best Infrastructure Project' award in New Delhi.
More than thirty state-of-the-art infrastructure projects were nominated for the award.
Former non-executive chairman of IL&FS (Infrastructure Leasing & Financial Services) Ravi Parthasarathy died at age 70 in Mumbai after a prolonged illness.
An alumnus of IIM Ahmedabad, Parthasarathy joined IL&FS as president in 1987 when the company was founded and became the CEO in 1989. He became the chairman of the company in 2006.
Charudutt Mishra, a snow leopard conservationist, was awarded the Whitely Gold Award at the Royal Geographical Society in London, for his efforts to involve local communities in conserving the enigmatic big cat of Inner Asia.
This is Mishra’s second WFN Prize. He had won the award previously in 2005.
Ajay Mahajan, managing director and chief executive officer of CARE Ratings resigned from his post citing personal reasons.
He was appointed to run the credit rating company two years ago after its former chairman SB Mainak and predecessor MD & CEO Rajesh Mokashi had come under regulatory scrutiny for their alleged influence in rating excercise.
Senior nuclear scientist and former director of the Indira Gandhi Centre for Atomic Research Arun Kumar Bhaduri breathed his last at Kalpakkam near Chennai.
Bhaduri, who worked extensively on fast breeder reactors, served as the director of IGCAR, Kalpakkam, from July 2016 to August 2021.
He was awarded the Raja Ramanna Fellowship post retirement.
Former Indian women's hockey team captain Elvera Britto died due to old age related problems. She was 81.
Elvera, the eldest of the three famous Britto sisters (others are Rita and Mae), ruled the domestic circuit from 1960 to 1967, guiding Karnataka to seven national titles.
She represented India against Australia, Sri Lanka and Japan.
Airtel Payments Bank has launched the fixed deposit facility in partnership with IndusInd Bank, offering interest rates of 6.5 per cent and above and an option of premature withdrawal without any penalty.
With the launch of the fixed deposits (FD) facility, Airtel Payments Bank has further strengthened its digital banking portfolio.
In the Union Territory of Jammu and Kashmir, the Samba district of Jammu division has become the first district in India to cover 100% households under Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (ABPMJAY)- SEHAT scheme. The district achieved this milestone after the conclusion of special registration drive organized by State Health Agency (SHA).
SEHAT stands for Social, Endeavour for Health and Telemedicine.