Central Banker of the Year for the Asia Pacific Region
Reserve Bank of India (RBI) Governor Shaktikanta Das was named the Central Banker of the Year, Asia-Pacific 2020, by the Banker magazine, a unit of Financial Times (FT).
The award is given to central bankers who have best managed to stimulate growth and stabilise their economy.
India's banks have faced a series of challenges, from non-performing loans to issues around fraud. Repeated economic slumps saw the central bank cut interest rates five times during 2019, and it was open to cutting them again if necessary. Faced with these challenges, Mr. Das has taken steps to bring banking in India up to standard via a restrained approach to governance.
Feb 04, 2020
Amitabh Bhatt is New CEO (Bangalore Complex) at HAL
Amitabh Bhatt took over as Chief Executive Officer of Bengaluru-headquartered defence PSU, Hindustan Aeronautics Limited's Bangalore Complex. Earlier, he was heading the Light Utility Helicopter (LUH) project in HAL as Executive Director. Bhatt is a Post Graduate in Management and earlier served in SKF India Limited for 15 years before joining HAL.
Feb 03, 2020
Jaswant Singh Passes Away
Eminent Punjabi writer and Sahitya Akademi Awardee Jaswant Singh Kanwal died in his native village in Moga district.
The prominent Punjabi novelist, essayist and short-story writer had left school when he was a teenager and went to Malaya (present-day Malaysia), where he got interested in literature.
In 1996, he was bestowed the Sahitya Akademi Fellowship award for his book ''Pakhi'' (Hand Fan) and two years later in 1998, he received the Sahitya Akademi award for his novel ''Taushali Di Hanso''.
He received the Sahitya Shiromani Award of the Punjab government in 2007 and the following year, Guru Nanak Dev University, Amritsar, conferred on Kanwal the degree of Doctor of Literature (Honoris Causa) for his contribution to Punjabi literature.
WeWork Appoints Sandeep Mathrani as CEO
Collaborative workspace start-up WeWork appointed Sandeep Mathrani as its Chief Executive Officer (CEO) and board member.
This comes against the backdrop of the departure, in September 2019, of co-founder and CEO Adam Neumann and a failed attempt at an initial public offering.
Mathrani succeeded co-CEOs Artie Minson and Sebastian Gunningham, both of whom helped stabilise WeWork over the past few months. Minson and Gunningham would remain with the company through a transition period to ensure a smooth on boarding process.
SoftBank Corp. funded WeWork, which is on the path of reorganisation after a spate of events in 2019, said Mathrani will join on February 18, 2020 and report to Executive Chairman Marcelo Claure.
Feb 02, 2020
IBM Picks Arvind Krishna as Next Chief Executive
Indian-origin executive Arvind Krishna was appointed Chief Executive Officer of global tech firm IBM replacing long-time CEO Virginia Rometty.
From policy-makers to fellow Indian-origin executives, the news has been quite well-received on social media.
With this news, Krishna has joined the growing list of Indian-origin executives heading some of the biggest multinationals across the globe alongside Alphabet CEO Sundar Pichai, Microsoft CEO Satya Nadella, MasterCard CEO Ajay Banga and Adobe CEO Shantanu Narayen.
The Padma Shri recipient and Sahitya Akademi awardee was admitted at the intensive care unit (ICU) of the hospital for past three weeks after she fell ill due to the extreme cold weather.
In 2015, Tiwana had returned the Padma Shri bestowed on her to express solidarity with writers protesting against suppression of freedom of expression and growing communalism.
Anurag Dahiya Appointed as ICC's Chief Commercial Officer
The International Cricket Council (ICC) announced the appointment of Anurag Dahiya as the Chief Commercial Officer of the world's cricket governing body.
ICC CEO Manu Sawhney said that he is delighted to welcome a commercial leader of Anurag's calibre to the ICC. Aurag brings extensive experience across the commercial, content and media rights functions that are so important if ICC is to achieve its long-term ambition for global growth.
He will take up the post of ICC Chief Commercial Officer in early March and will be based at the ICC headquarters in Dubai.
Feb 01, 2020
First Woman Chief Technology Officer at FCC
Monisha Ghosh, an Indian-American was appointed as the first woman Chief Technology Officer at the US government's powerful Federal Communications Commission (FCC). She will advise Indian-American Chairman of the FCC Ajit Pai and the agency on technology and engineering issues. She will also work closely with the Office of Engineering and Technology. Dr. Ghosh took charge in January 2020. She replaced Dr. Eric Burger.
FCC refers to Federal Communications Commission. It was established on 19 June 1934 by Franklin D. Roosevelt. It's headquartered in Washington, USA. It is an independent agency of the United States government created by statute to regulate interstate communications by radio, television, wire, satellite, and cable.