IMF Appoints Krishna Srinivasan As Director Of APD
Kristalina Georgieva, Managing Director, International Monetary Fund reported the appointment of Krishna Srinivasan as Director of the Asia and Pacific Department. Mr Srinivasan will take charge from June 22. As per an IMF statement, Mr Srinivasan will replace Changyong Rhee who is all set to retire and his retirement was announced on March 23. In…
RBI’s MPC Meeting Update – Repo Rate Hiked By 50 bps
The Reserve Bank Of India (RBI) has increased the repo rate by 50 basis points to 4.90%. The decision has been made after Monetary Policy Committee’s meeting on Wednesday. RBI’s decision is not a stunner as many polls and economists were expecting a 40 basis point hike. RBI has reduced the repo rate in March…
Zomato Board Likely To Sign Blinkit Deal Next Week
The board members of food tech giant Zomato will meet on June 17 to sign off the acquisition of the quick-commerce platform Blinkit (formally known as Grofers). Before this, in August 2021, Zomato invested around $100 million into Blinkit and revealed its plan to invest a total of $400 million. At that time, Zomato earned…
Central Should Allocate 5G Spectrum Directly To Private Firms, Says TCS
Tata Consultancy Services (TCS), India’s top information technology company, wants the government to allocate the 5G spectrum directly to private enterprises. “Private networks or enterpriser will enable organisations to accelerate their IoT (Internet of Things) and digitalisation agenda,” TCS’s chief operating officer, N Ganapathy Subramaniam said. “For this to happen in a secure manner and…
Dentsu International’s South Asia CHRO Rohit Suri Resigned
In the last eight days, three top-level executives quit Dentsu International India. The latest name to move on is the company’s South Asia chief human resource officer (CHRO) Rohit Suri, revealed by multiple sources. Rohit has not commented on this scenario yet. According to the sources close to this development, Suri is to join the…
Best Startups In Solar Engineering in India
The world is quickly moving toward renewable energy, and in the last few years, so many solar startups have been introduced in India to reduce the use of natural sources. Some are the best startups in solar engineering in India that provide end-to-end solutions in the market and individuals in India. Not only are they…
US Surpasses China And Become India’s Top Trading Partner
The United States of America (USA) surpassed China and became India’s biggest trading partner in FY22, reflecting a strong economic bond between the two countries. The Commerce ministry’s data shows that bilateral trade between the US and India stood at $119.42 billion in 2022 while it was $80.51 billion in 2020-2021. Exports to the US…
PN Vasudevan Resigns As MD And CEO Of Equitas Bank
Equitas Small Finance Bank’s managing director and chief executive officer, PV Vasudevan, informed the board about his resignation on Thursday. Vasudevan is the founder of the Equitas Small Finance Bank. The board, in its meeting on 19th May, has taken the letter on record and wishes to take his deep contribution over the years on…