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.
TCS became a slow-moving giant and lost some of its sheen to competitors -- both big and small. Even as TCS remains the primary cash cow of Tata Group, its revenue and profit growth have slowed considerably.
The United Progressive Alliance government's efforts to rein in the judiciary may come unstuck as its ambitious bill scrapping the collegium system of appointing judges to the Supreme Court and high courts as the Bharatiya Janata Party is unlikely to allow the passage in the ongoing Parliament session.
Rocky Aur Rani Kii Prem Kahani packs in abundant entertainment and hat tips to the KJo brand, observes Sukanya Verma.
The election process of the Congress president that was to end by September 20 is likely to be delayed by a few weeks with the party focused on the 'Bharat Jodo Yatra' and some state units not completing the formalities, sources said on Thursday.
Taking over the reins in 2014, Virat Kohli led India in 68 Tests, winning 40 and losing 17.
Starbucks' new Indian-origin CEO Laxman Narasimhan has said he will work as a barista once a month in stores to stay close to the company's culture, customers, challenges and opportunities.
Sebastian Vettel trimmed Lewis Hamilton's Formula One lead to 17 points with eight races remaining.
The project was announced in September 2019 and Prime Minister Narendra Modi laid the foundation stone of the new Parliament building on December 10, 2020.
What are the political equations, the challenges, and the threats?
What does Neal Mohan, anointed the next CEO of YouTube, have in common with Sir Cliff Richard? They are alumni of St Francis' College. Mohan, who will take over the reins of the social media platform, is arguably the second most high-profile personality after the British music icon to be associated with the all-boys institution ensconced in the heart of Lucknow.
'With him by your side, you can even leap from the Bhuj Khalifa knowing that even if you crash land, the journey will be unforgettable.'
The Law Commission has said it is of the considered view that Section 124A of the Indian Penal Code dealing with sedition needs to be retained, though certain amendments could be introduced to bring about greater clarity regarding usage of the provision.
Current Board member Baird has received the unanimous endorsement from fellow CA directors and state chairs to take up the charge next February, making him the fourth chair in less than 18 months.
As we enjoy his thrilling The Night Manager series, Deepa Gahlot looks at 10 Anil Kapoor films on OTT that shows off his versatility and star power.
The meeting comes in the backdrop of the shock resignation of party veteran Ghulam Nabi Azad on Friday and his letter to party president Sonia Gandhi in which he lashed out at Rahul Gandhi for 'demolishing the party's entire consultative mechanism'.
Sources said besides giving approval to the polls schedule, the members of the CWC, the party's highest decision-making body, could also express confidence in the leadership provided by Sonia Gandhi and Rahul Gandhi.
Even those with no knowledge of the inner workings of the media and police, would find Scoop absorbing as a human drama and the story of the resilience of a woman, her family and true friends, applauds Deepa Gahlot.
This Web series is more about wine, opium, sex, more sex, gay love and incest, rues Syed Firdaus Ashraf.
Speaking at a public meeting in Nanded of Maharashtra, he said within 10 days, the BRS' party vehicles will go to every village in all 288 assembly constituencies in Maharashtra to form farmers' committees.
Young Australia all-rounder Cameroon Green said IPL has the best environment that a cricketer needs to hone his craft.
The finance minister has stayed true to her commitment to fiscal consolidation, even though the pace of the decline in the deficit could have been faster, notes A K Bhattacharya.
Nationalist Congress Party (NCP) president Sharad Pawar on Thursday said his decision to step down from the post was taken for the future of the party and to create a new leadership.
Finance Minister urged to work on alternative modes to lower inflation and help families save more
Ajay Banga was on Wednesday appointed the next president of the World Bank, becoming the first-ever Indian-American to head the global financial institution which said it looks forward to working with him at a time when it's tackling the toughest development challenges facing developing countries. "The executive directors of the World Bank today selected Ajay Banga as president of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. In February, President Joe Biden announced that the US would be nominating Banga, 63, to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history."
While the bigger burden of increase in revenue collection would fall upon the indirect taxes, on the direct taxes there could be rationalization & simplification.
The Congress Working Committee (CWC), the party's highest decision-making body, will hold a virtual meeting on Sunday to approve the exact schedule of dates for the election of the Congress president.
Elections may be a few months away, but the government may get into election mode much earlier than that, predicts A K Bhattacharya.
Tom Brady, Gisele Bundchen finalise divorce to end 13-year marriage
'I know, you did it all for love,' Priyanka Gandhi Vadra said on Wednesday in an Instagram tribute showing her mother Sonia Gandhi, who on Wednesday handed the party's reins to a new Congress president, holding a photograph of the late Rajiv Gandhi.
Billionaire Gautam Adani-led promoter group has paid off all of the $2.15 billion loans taken pledging their shares in the conglomerate, and only debt at operating company level remains, Adani Group said seeking to assure investors of its ability to repay debt. Adani Group in a statement termed reports of the group not completing repayment of $2.15 billion share-backed debt "baseless and deliberately mischievous." "Adani has completed full prepayment of margin linked share-backed financing aggregating to $2.15 billion (as was announced on March 12) and all corresponding shares pledged for those facilities have been released," it said.
The police found a couple of pages of a purported death note by the seer in which he is said to have blamed some people of "harassing and blackmailing" him.
Stars like Jasprit Bumrah, Rishabh Pant and Shreyas Iyer will miss the season due to injuries.
India's economy continues to be robust, but downside risks such as rising crude oil prices, adverse weather conditions, and the global banking crisis outweigh the upside potential in gross domestic product (GDP) growth in the current financial year (FY24), the finance ministry said on Tuesday in its Monthly Economic Review for March. "We reiterate that downside risks to our official forecast of 6.5 per cent for real GDP growth in FY24 dominate upside risks," the review said. "Opec's surprise production cut has seen oil prices rise in April, off their lows of low-seventies per barrel in March.
Amid the simmering border dispute, Maharashtra minister Shambhuraj Desai on Wednesday said if Karnataka Chief Minister Basavaraj Bommai does not stop making irresponsible statements, Maharashtra will have to rethink about water supply from its dams to the neighbouring state.
Following the procedure, the CBI has re-registered the FIR lodged earlier by the Jalgaon police and later, taken over by the Pune Police on January 5 last year, they said.
Mahendra Singh Dhoni would be hoping for a memorable farewell but he faces a major roadblock in the form of Gujarat Titans' run machine Shubman Gill.
Nasdaq-listed information technology (IT) services firm Cognizant will incur the cost of $400 million over two years as it sets to restructure its operations amid sluggish growth rates. Its NextGen Program aims at simplifying the operating model, optimising corporate functions, and consolidating and realigning office space to reflect a post-pandemic hybrid work environment. As part of this structural shift, Cognizant will eliminate 80,000 seats, or 11 million square feet of real estate in large cities in India.
The team heard a loud crackle. Then the scream came from Dilshan at the front of the bus. 'Get down.' Jayawardene was hit first; his sock filled with blood. Outside, twelve gunmen blocked the exit. A revealing excerpt from Nicholas Brookes's An Island's Eleven: A History of Cricket in Sri Lanka.
Elevated food price-led inflation could become a sore point for markets, which they seem to be ignoring at current levels, observe analysts. Retail inflation in India - as measured by the Consumer Price Index (CPI) - came in at a three-month high of 6.52 per cent in January 2023, compared with 5.72 per cent in December and 5.88 per cent in November 2022. The inflation print for February, according to Madan Sabnavis, chief economist at Bank of Baroda, will be critical for the Reserve Bank of India's monetary policy committee.
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