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…
Aman Goyal
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…
How Financial Institutions Can Shape The Country’s Economic Development?
Rising global inequality is one of the most serious social and economic challenges of the 21 century, and it has been exacerbated by the COVID-19 pandemic. While inequality is a global challenge, it is often felt more acutely in developing countries right from a larger informal sector, greater regional divisions, wider gaps in educational access,…
Shipra Prajapati
UBI Appoints A Manimekhalai As MD & CEO
A Manimekhalai has been appointed as the new managing director and chief executive officer (MD & CEO) of Union Bank of India for a period of three years, the government announced on June 2. Before this, Manimekhalai was executive director at Canara Bank. After Vijaya Bank was merged with the Bank of Baroda in 2019,…
Vipin
How CFOs Are Adapting Technical Advancement And What Side Effects Does It Have?
Covid made its first appearance in 2019, while all other areas were barricaded by the pandemic, finance and technology emerged as a ray of hope. When the pandemic raised uncertainty, CFOs turned over to short-term plans. Focusing on nimble technology, several CFOs came forward with pressing issues due to technological advancements. Indeed, adapting to technological…
John David
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…
Petrol And Diesel Prices On June 1 In Delhi, Mumbai, And Other Cities
Petrol and Diesel Price In India on June 1: The petrol and diesel prices remain unchanged for the tenth day running on Wednesday. Finance Minister Nirmala Sitharaman had announced a cut in excise duty on petrol and diesel earlier in May by 8 and 6 rupees per litre, respectively. Public sector Odisha Mining Corporation or…
