February 2022 | Page 6 of 331

HUL appoints Nitin Paranjpe as non-executive Chairman and Sanjiv Mehta as CEO & MD

Consumer goods company Hindustan Unilever Ltd (HUL) announced the splitting up of positions of the company’s chairman of the board and the chief executive officer & managing director, in line with Securities and Exchange Board of India’s mandate seeking listed companies to now voluntarily split the two roles. Nitin Paranjpe has been appointed as the Non-Executive […]

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Rakesh Sharma re-appointed as MD & CEO of IDBI Bank for 3 years

IDBI Bank informed the stock exchanges that its board has approved the re-appointment of Rakesh Sharma as Managing Director and Chief Executive Officer of the company for a period of three years with effect from 19 March. Rakesh Sharma then moved from the position of Chief General Manager in SBI to Lakshmi Vilas Bank Ltd.

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Boeing delivers 12th P-8I maritime patrol aircraft to the Indian Navy

Boeing delivered the 12th P-8I maritime patrol aircraft to India on Wednesday, February 23, making it the fourth of four additional aircraft delivered under the options contract signed by the Ministry of Defence in 2016. The Ministry of Defence had signed a contract for eight P-8I aircraft in 2009. However, later in 2016, it signed a

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India receives three more Rafale Fighter Jets from France

Three more Rafale fighter aircraft of the Indian Air Force (IAF) reached India on February 22, 2022, Tuesday evening from France. The aircraft took off from a French airbase and were provided mid-air refuelling by the Air Force of the United Arab Emirates (UAE). With the arrival of the latest three aircraft, India has now

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RBI announces dollar/rupee two-year sell buy swap auction

The Reserve Bank of India (RBI) announced a US Dollar/Rupee two-year sell buy swap auction with a view to elongating the maturity profile of its forward book and smoothen the receivables relating to forward assets. The Central bank will undertake a sell/buy swap auction of $5 billion, which will enable access to a wider set of

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GoI launches the “Janbhagidari Empowerment” portal in J&K

The Central Government launched the “Janbhagidari Empowerment” portal in the Union Territory of Jammu and Kashmir, in line with the government’s digital mission. The portal was hosted on a different server with higher bandwidth, in order to provide easy and ready accessibility to the general public. It is a one-stop interactive and user-friendly digital platform. It provides detailed insights

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Author Anirudh Suri pens book titled ‘The Great Tech Game’

Indian author Anirudh Suri has come out with his new book titled “The Great Tech Game: Shaping Geopolitics and the Destinies of Nations.’ It has been published by HarperCollins India. In this book, the author lays out a roadmap for how any country must develop its own strategic plan to succeed in this technology-dominant era. Anirudh Suri is

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Sanjeev Sanyal inducted as full-time member in Economic Advisory Council to PM

The Finance ministry’s principal economic advisor Sanjeev Sanyal has been inducted as a full-time member in the Economic Advisory Council to the Prime Minister (EAC-PM), according to an official order by the cabinet secretariat. He has been appointed for a tenure of two years. Sanyal is currently serving as the principal economic adviser in the Ministry of Finance.

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WEF and National Institute of Urban Affairs signs MoU to jointly designed ‘Sustainable Cities India program’

The World Economic Forum and the National Institute of Urban Affairs have signed a Memorandum of Understanding to collaborate on a jointly designed Sustainable Cities India program. The program is aimed to create an enabling environment for cities to generate de-carbonization solutions. The program also intends to enable cities to decarbonize in a systematic and

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Moody’s projects India’s growth estimates to 9.5% in CY2022

Rating agency Moody’s has revised the economic growth estimates of India for Calendar Year (CY) 2022 and CY2023, in its Global Macro Outlook 2022-23, as follows: CY2022- 9.5 percent (Earlier it was 7 percent) CY2023 – 5.5 percent

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