Indian-American business leader Ajay Banga is poised to become the next President of the World Bank after the nomination period closed and no country proposed an alternate candidate for the prestigious post. In February, President Joe Biden announced that the US would be nominating Banga to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history." The World Bank on Wednesday closed a month-long window for nominations for its next president, with no alternatives announced to 63-year-old Banga.
The International Financial Services Centres Authority (IFSCA) has proposed key exemptions to the current listing framework and measures for setting up holding companies (holdcos) and special purpose acquisition companies (SPACs) to encourage domestic startups list at GIFT City, the country's only international financial services centre (IFSC). Under the current framework, to be eligible to list on IFSC exchanges, an issuing company should have operating revenue of at least $20 million in the preceding financial year and average pre-tax profits of at least $1 million during the preceding three financial years. An expert committee has noted these conditions have acted as hurdles to listing new-age companies, and they need a relook.
'We have interesting leads on the agents. The roles of agents in this entire operation, who were doing what.'
US President Barack Obama has announced to appoint eminent Indian American, Romesh Wadhwani, to a key administration post by making him board of trustees of the prestigious John F Kennedy Center for the Performing Arts.
The prestigious competition, sponsored by the Robert Wood Johnson Foundation and administered by the College Board, is designed to spur American students' interest in public health, specifically epidemiology, which explores patterns of disease, illness and injury within populations.
Indian-American venture capitalist Vinod Khosla will join the Board of Directors at mobile payment start-up Square, founded by Twitter chairman Jack Dorsey.
Amritsar-born entrepreneur John Nath Kapoor was arrested by the FBI for bribing doctors to over-prescribe a powerful opioid to patients.
The seven Indian-Americans are cybersecurity firm ZScaler CEO Jay Chaudhry, founder and chairman of Symphony Technology Group Romesh Wadhwani, cofounder and CEO of online home goods retailer Wayfair Niraj Shah, Silicon Valley venture capital firm Khosla Ventures founder Vinod Khosla, managing partner of Sherpalo Ventures Kavitark Ram Shriram, Airline veteran Rakesh Gangwal and Workday CEO and co-founder Aneel Bhusri.
Dr Suresh Kumar Gupta has been appointed a commissioner of the Maryland State Board of Physicians. The Board comprises 21 members, including 14 physicians and seven members of the public and is vested with the mission to protect the health and safety of Maryland citizens 'through strong enforcement of licensure standards for physicians and allied health providers; and through an effective disciplinary programme.'
Hurricane Irma made landfall on Florida's southern islands on Sunday and claimed four lives as millions of people, including thousands of Indian-Americans, evacuated the state.
The Reserve Bank of India has on Wednesday lifted the ban on new customer acquisition by American Express which was imposed with effect from May 2021 due to non-compliance with local data storage norms. "In view of the satisfactory compliance demonstrated by American Express Banking Corp. with the Reserve Bank of India (RBI) circular dated April 6, 2018, on Storage of Payment System Data, the restrictions imposed, vide order dated April 23, 2021, on onboarding of new domestic customers have been lifted with immediate effect," RBI said. Similar bans were imposed on Diners Club International and Mastercard previously.
India is shining, although I will argue that it is a temporary acceptance until India once again makes a mega-successful film like RRR or another beautiful, moving, documentary like The Elephant Whisperers, notes Aseem Chhabra.
Professor, Indian Institute of Public Health, Hyderabad, Public Health Foundation of India, V Ramana Dhara, said the unlock has resulted in a return to old habits of indiscipline in physical distancing and improper mask use.
In his first trip to the US in 1960, Atal Bihari Vajpayee befriended a young IFS officer posted in the permanent mission of India to the UN and explored New York with him, visiting museums, art galleries and even nightclubs, says a new biography of the former prime minister.
Sonal Shah, currently director for Global Development at google.org in promoting the firm's philanthropy will serve on President-elect Barack Obama's official 15-member transition board to be announced on Wednesday. Preeta Bansal, partner at the international law firm of Skadden Arps and a senior adviser on the Obama campaign is also expected to play a significant role.
Dr Faheem is the second Indian-American physician to be elected to this position. Aziz Haniffa/Rediff.com reports
IMAGES from Day 5 of the US Open, at the USTA Billie Jean King National Tennis Center, Flushing Meadows, New York, on Friday.
Earlier in an op-ed in The Washington Post, Schumer said the democratic international order must stand strong to confront the rise of the Chinese Communist Party.
There's so much entertainment coming your way this July. From exciting theatre releases to fun OTT watch, there's so much happening.
New York state will "not normalise" serious criminal conduct, "no matter who you are," Alvin Bragg, the Manhattan district attorney, has asserted, hours after former US President Donald Trump was arraigned in a courtroom.
Narayen, currently president and chief operating officer, will also join the board of director of the company and Chizen will serve his remaining term on the Board through spring of next year and continue in a strategic capacity through the end of fiscal year 2008.The 43-year-old had occupied several high management positions at Apple before founding photo-sharing software company Pictra.
Brad Pitt's as-yet untitled Formula One movie starts filming at Silverstone against the race backdrop at this weekend's British Grand Prix.
This was the second time this month that the Norwegian has surrendered games or pulled out from a tournament which also featured Niemann.
Thirty-seven-year-old Indian-American physician Vivek Hallegere Murthy has been confirmed as the 19th surgeon general of America by the United States senate. He is youngest person and first person of Indian-origin to hold the post.
Byju's, India's most-valued startup, has decided to put two of its key assets -- Epic and Great Learning -- on the block to generate $800 million-$1 billion in cash, with an aim to meet the edtech firm's various commitments, including repaying the entire $1.2 billion term loan B (TLB) within six months, according to sources. The cash-strapped company has proposed repaying $300 million of the $1.2 billion loan in the next three months, depending on whether the lenders accept Byju's amendment proposal, said the people familiar with the development. "This loan repayment proposal has been submitted to the lenders and conversations are going in the right direction," said a person in the know.
Modi will arrive in New York on June 20 and will lead the 9th International Yoga Day celebrations at the UN headquarters on June 21.
It's seen as a major appointment for international medical graduates.
Indian-American professor, Manoranjan 'Mano' Misra, at University of Nevada, Reno (UNR), has been honoured by the Nevada System of Higher Education Board of Regents for his research works.
Antonio Watson won a thrilling World Championship 400 metres gold on Thursday.
'I'm a Sikh American. I have 3 daughters. And yesterday, I told them to turn off the radio,' he tweeted.
'It was beautifully played by an American band.'
The flight, carrying 216 passengers and 16 crew, landed safely, the Tata Group-owned private carrier said in a statement Tuesday evening.
"Neither Donald Trump nor Hillary Clinton represent the values and ideals of America." "After long quarrels, it is finally getting close to being over." George Joseph hears from voters.
Times Square bombing suspect Faisal Shahzad's bid to flee the United States did not raise any red flag as the airline whose flight to Dubai he boarded had not refreshed its information on the Pakistani-American being tailed by the Federal Bureau of Investigation.
Munna Kumar, the accused train ticket examiner (TTE), has been arrested, a Government Railway Police official said on Tuesday.
India's largest IT services player Tata Consultancy Services (TCS) saw its $2 billion, 10-year deal with Transamerica Life Insurance Company come to an end even before the period was over. Transamerica is the subsidiary of American arm of Dutch insurer Aegon NV. This is not the first time such a long-term deal has been called off. Earlier this year, UK's National Employment Savings Trust (NEST), ended a $1.8-billion deal with French IT services player Atos.
Magnus Carlsen of SG Alpine Warriors defeated Viswanathan Anand and launched his team to the top of the Tech Mahindra Global Chess League in Dubai on Wednesday.
Indian-American Nagi Naganathan, an alumnus of the National Institute of Technology at Tiruchirappalli, has been appointed interim president of the University of Toledo.
Ajay Banga will be a 'transformative leader', who will bring expertise, experience, and innovation to the position of World Bank President, United States President Joe Biden has said after the top Indian-American business executive was confirmed as the new head of the international lender.
Hans Niemann, the teenage American grandmaster at the centre of an alleged cheating scandal, sued world champion Magnus Carlsen, online platform Chess.com and others for slander and libel on Thursday and is seeking at least $100 million in damages.
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