Ernst & Young LLP named Janet Truncale as its next chief executive officer, the first woman to lead a Big Four audit firm. In an official statement, the London-based accounting giant said the new CEO will succeed Carmine Di Sibio on July 1.
Di Sibio took over as global chair and chief executive in 2019
The Reserve Bank of India (RBI) increased risk weight by 25 percent on consumer credit exposure of commercial banks and non-banking finance companies (NBFCs).
Consumer credit of commercial banks and NBFCs attracts a risk weight of 100 percent, which now has been revised to 125 percent.
According to a report by S & P Global, India’s economic growth prospects to remain robust over the medium term, with its gross domestic product (GDP) expected to grow between 6 per cent and 7.1 percent annually in 2023-24 (FY24) through 2025-26.
It also mentioned that weak loans in the banking sector will likely decline to 3-3.5 % of gross advances by the end of FY25.
NITI Aayog recently appointed four Distinguished Fellows for a period of one year. The four new members of Niti Aayog will bring along significant work experience, coupled with their understanding and expertise of key social, economic and technical issues.
The four new members are Anoop Singh, OP Agarwal, Ajai Chowdhry and V Lakshmikumaran.
B.V.R. Subrahmanyam is current CEO & Suman Bery is current Vice Chairman of Niti Aayog.
The 14 partner countries of the IPEF achieved a significant milestone by signing the IPEF Supply Chain Agreement during the third Ministerial Meeting in San Francisco, hosted by U.S.
the meeting marked the substantial conclusion of negotiations for Pillar-III (Clean Economy), Pillar-IV (Fair Economy), and the Agreement on the Indo-Pacific Economic Framework for Prosperity.
Non-bank lenders are projected to experience robust growth, with a forecast of 25-30% expansion in their Assets Under Management (AUMs) for the financial years FY24 and FY25, according to ICRA Ratings, a leading domestic rating agency.
The growth estimate specifically pertains to Non-Banking Financial Companies (NBFCs) with AUMs of up to Rs 10,000 crore.
Clean energy firm ReNew has announced the commissioning of its first interstate transmission project in Karnataka.
The Koppal Transmission Scheme was executed in a compressed time schedule and will help in the transmission of 1,500 MW of renewable energy in the Koppal area of Karnataka.
National Epilepsy Day is celebrated every year in India on November 17 to raise awareness around the brain disorder and bust myths surrounding the disease.
An epileptic seizure can come all of a sudden and can be highly distressing for the person experiencing it as they aren't in control of the movements, sounds they are making or the sensations they are feeling.
The Ministry of External Affairs has announced that High Commissioner of India to the Cooperative Republic of Guyana, Amit S Telang has been concurrently accredited as the Indian Ambassador to the Caribbean Community (CARICOM) and High Commissioner to the Federation of St Kitts and Nevis and Antigua and Barbuda.
State Bank of India (SBI) to launch its banking mobile app 'Yono Global' in Singapore and the US, offering digitalized remittance and other services to its customers.
In Singapore, SBI is integrating its Yono Global app with PayNow and aims to launch it soon.
Kotak Mahindra board has approved Ashok Vaswani's appointment as MD & CEO for a period of three years with effect from January 1, 2024.
The bank received the Reserve Bank of India’s nod for the appointment in October.
The ninth edition of the joint military exercise between India, and Sri Lanka, “Mitra Shakti 2023” commenced in Pune’e Aundh..
The exercise was being conducted from November 16-29.
The exercise’s aim was to jointly rehearse the conduct of subconventional operations under Chapter VII of the United Nations Charter.
The All India Football Federation (AIFF) announced the launch of an AIFF-FIFA football academy in Bhubaneswar, India on November 21.
The academy will be established under the FIFA Talent Development Scheme (TDS) and aims to nurture football talents in the country.