Arun Kumar Singh, formerly the chairman of the oil refining and marketing company BPCL was appointed as the new chairman of ONGC, India's major oil and gas producer, for three years.
This is the first instance of a retired person being appointed the head of a Maharatna PSU.
There are twelve companies that have the Maharatna status.
The government has appointed Tata Sons Chairman N Chandrasekaran as the Chair of B20 India, industry body CII said.
The Confederation of Indian Industry (CII) has been appointed as the B20 India Secretariat by the Indian government to lead the B20 India process.
He will lead the business agenda during India's G-20 presidency.
Sanjiv Bajaj, President, CII, and Chairman & Managing Director, Bajaj Finserv Limited.
The South American country, Peru, saw a significant political upheaval. Pedro Castillo has been impeached and arrested & Dina Boluarte has become the country’s first female President.
The latest political crisis in Peru is a continuation of a series of events that have led to four Presidents since 2020. Castillo, a left-wing former school teacher, was elected in June 2021.
Ukrainian President Volodymyr Zelensky and the spirit of Ukraine have been named Time magazine's 2022 Person of the Year.
The magazine did name the women of Iran, the movement of young women protesting the Heroes of the Year.
Blackpink South Korea's most successful girl band was named Entertainer of the Year.
Time is an American news magazine based in New York City.
Last year, Time gave the title to the CEO of SpaceX and Tesla, Elon Musk.
Ujjivan Small Finance Bank on December 7, said it has received the approval of the Reserve Bank of India (RBI) for the reappointment of Ittira Davis as its managing director and chief executive officer for a period of two years.
Davis has been associated with Ujjivan since March 2015.
Ujjivan SFB Headquarters: Bengaluru.
Ujjivan Small Finance Bank (USFB) commenced its Banking operations from February 1, 2017.
Oxford Dictionaries said that “goblin mode” has been selected by an online vote as its word of the year. It defines the term as “a type of behavior which is unapologetically self-indulgent, lazy, slovenly, or greedy, typically in a way that rejects social norms or expectations.”In 2021, the Oxford word of the year was “vax”.
Olympic silver medallist Mirabai Chanu won silver at the 2022 World Weightlifting Championships in Colombia. She beat the Tokyo 2020 champion Hou Zhihua of China. Mirabai lifted a combined weight of 200 kg compared to Zhihua's total of 198 kg. This was Mirabai's second medal at the World Championships, having previously won gold in 2017 with a lift of 194 kg.
Shaji Krishnan V has been named Chairman of the National Bank for Agriculture and Rural Development (NABARD). He formerly served as NABARD’s Deputy Managing Director (DMD) till May 21, 2020.
From 2013 until 2017, he served as the Chairman of Kerala Grameen Bank.
He replaced Govinda Rajulu Chintala.
Ircon International Limited has bagged an order in Sri Lanka worth 14.89 million dollars on competitive bidding basis. The Miniratna Public sector enterprise was awarded the work for procurement of Design, Installation, Testing, Commissioning and Certifying of Signalling and Telecommunication system by Sri Lanka Railways.
Ircon International Ltd. is a Government of India Undertaking under Ministry of Railways.
The Government today said it has taken several steps to ramp up domestic coal production in the country. In a written reply in the Lok Sabha, Coal and Mines Minister Pralhad Joshi said 100 percent Foreign Direct Investment is allowed for commercial mining. The major initiatives taken to increase domestic production of coal include Single Window Clearance.
The reforms taken by Government have resulted in increased Foreign Direct Investment (FDI) inflows in the country. FDI inflows in India stood at US $ 45.15 billion in 2014-2015 and have continuously increased since then, and India registered its highest ever annual FDI inflow of US$ 84.84 billion (provisional figures) in the financial year 2021-22.
Small Industries Development Bank of India (SIDBI) and Monsha’at, which is SME General Authority of Saudi Arabia will jointly work on the development of MSME and related ecosystems in India and Saudi Arabia.
Assistance and expertise will be offered by SIDBI to the newly launched SME Bank in Saudi Arabia.
National Small Industries Corporation (NSIC) and retail giant Walmart signed an MoU to strengthen the latter’s outreach program for the benefit of MSMEs.
The signing of the pact was held at Walmart Vriddhi MSME Summit 2022 in New Delhi where 20,000 MSMEs were honoured from all over India who have expanded their businesses with the support of the Vriddhi program.
The Department of Telecommunications (DoT) has notified that the requirement for registering the International Mobile Equipment Identity (IMEI) of mobile phones for exports has been suspended.
IMEI is a unique 15-digit code assigned to every mobile phone to identify the device connected to a mobile network. A dual SIM phone will have two unique IMEI numbers.
In order to support the 500 Gw renewable energy (RE) capacity by the end of this decade, the Union ministry of power launched a plan “Transmission System for Integration of over 500 Gw RE Capacity by 2030.” The plan — which entails connecting mega solar parks and wind power zones with the national grid — will see an investment of Rs 2.44 trillion in transmission projects.
The Reserve Bank of India (RBI) said it has extended the dispensation of an enhanced limit of the held-to-maturity (HTM) portfolio for government bonds till March 31 next year, enabling banks to better manage their investment portfolios. It permitted banks to include securities purchased between September 1, 2020 and March 31, 2024 in the increased limit for HTM portfolios.
Coal vs Renewables Financial Analysis 2022 identifies L&T Finance replacing SBI as the biggest financier in project finance for renewable energy in 2021.
5th edition of Coal vs Renewable Financial Analysis, authored by Climate Trends & Centre for Financial Accountability (CFA), was released at CFA’s annual energy finance conference hosted in collaboration with IIT Madras.
Union Finance Minister Nirmala Sitharaman and US Vice President Kamala Harris are among Forbes' 19th annual list of 'World's 100 Most Powerful Women' of 2022. While Harris is ranked third, Sitharaman is at number 36 on the list that was released on Tuesday highlighting "innovators and instigators who are leading on the world stage to redefine traditional power structures".
SAARC Charter Day is observed annually on 8th December. This day marks the signing of the SAARC Charter in 1985 by the Leaders of SAARC Countries at the First SAARC Summit held in Dhaka. This year marks the 38th Anniversary of the regional group.The aim of SAARC members is to promote stability, peace and progress in the region. SAARC has organised 18 summits since 1985.