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."
Over 100 Indian immigrants, including 33 each from Haryana and Gujarat, 30 from Punjab, and several from other states, were deported from the US after undertaking perilous journeys filled with extortion and hardship. The returnees landed in Amritsar in a US military plane and are now back home, facing huge debts and emotional trauma. Many of them were lured by promises of a better life in the US but fell victim to human trafficking and extortion rings. The families of the deportees are demanding strict action against the travel agents who facilitated their illegal journeys.
'Consider 40% to 50% in equities, 10% in gold as a hedge, and the remaining 30% to 40% split between multi-asset funds and hybrid funds.'
With billionaire Gautam Adani charged in the United States with alleged bribery and fraud, the Congress on Thursday said it 'vindicates' its demand for a Joint Parliamentary Committee investigation into the various 'scams' involving his conglomerate.
Dutchman Abdi Nageeye survived a tense battle through the final mile to win the New York City Marathon in two hours seven minutes and 39 seconds on Sunday
Italy's Matteo Berrettini beat Brazil's Joao Fonseca to give his side a flying start and Matteo Arnaldi then outlasted Thiago Monteiro to put the hosts into a 2-0 lead.
'Of the 20 trading days of January till January 28, FIIs have been selling for 19 trading days'. 'When did FIIs withdraw money with this kind of intensity?' 'It never happened. It's the first. It did not happen even during the 2008-2009 financial crisis when Lehman went under.' 'Even then you did not have like a 19-day selling spree from the FIIs.'
The number of cyberfraud cases has skyrocketed from 2,677 in 1999-2000 to 29,082 in FY24 -- more than a 10-fold increase. The RBI pegs digital payment frauds at Rs 1,457 crore in FY24, up more than five times in a year. It's not just the number of frauds. What's alarming is the growing sophistication of the fraudsters, exposing the vulnerabilities within the financial system, observes Tamal Bandyopadhyay.
Group Captain Shubhanshu Shukla and Group Captain Prasanth Balakrishnan Nair have been selected for an upcoming Indo-US mission to the International Space Station (ISS), the Indian Space Research Organisation (ISRO) announced on Friday.
'This victory would mean a huge inspiration for the next generation who can say that coming from India I can be anybody I want to be if I work hard and acquire the right skills.' 'They could be the next President, members of the Senate, or another Sundar Pichai.'
Zakir Hussain was the maestro of tabla, percussionist, composer and even actor -- a legend who was India's very own and yet belonged to the world. Hussain died from 'idiopathic pulmonary fibrosis', a lung disease, in a San Francisco hospital early Monday. He was 73.
Tata Indica, the Tata Group's big passenger car bet, was not delivering expected returns a year into its launch. Desperate, the Tata Motors brass, led by Ratan Tata, acceded to a meeting request from Ford Motors for a possible sale of the passenger vehicles division to the American auto major. Some people had advised Tata to sell the business, and the Ford officials came to Bombay House to hold talks.
Lionel Messi has more than proven his worth for the league and his team at a vitally important time for the sport in North America, where the FIFA World Cup will be staged in 2026.
The United States embassy in Pakistan has warned about a possible terrorist attack against American citizens at the Marriott Hotel in Islamabad and prohibited American staff from visiting the five-star facility, an official statement said.
On Thursday, Adani Enterprises announced that it will not go ahead with acquiring Macquarie group's two road companies at an enterprise valuation of Rs 3,100 crore.
The annual Quad summit at President Joe Biden's hometown Wilmington is expected to roll out a series of new initiatives to boost cooperation in the Indo-Pacific and explore ways to find peaceful solutions to the conflicts in Ukraine and Gaza.
A summary of Friday's action in the Davis Cup group stage matches.
This was a man who like Buddha transformed himself into achieving the impossible and being an inspiration for many generations to come, says business thinker Mudit Jain.
English hopes of a run deep into the World Cup took a bit of a bruising on Friday when a lively and high-pressing United States team reduced the youthful stars of their tournament opener to anonymity.
Gauff split from coach Brad Gilbert and flipped the script weeks later, however, winning her second WTA 1000 title last month at the China Open before reaching the Wuhan Open semis.
With the US filing civil and criminal charges against billionaire Gautam Adani and seven others over a multi-million-dollar bribery scheme, a prominent attorney here has said that the case could escalate significantly, potentially leading to arrest warrants and even extradition attempts. Adani, India's second-richest man, and seven others, including his nephew Sagar Adani, have been charged by the US Department of Justice with paying bribes to unidentified officials of state governments in Andhra Pradesh and Odisha to buy expensive solar power, potentially earning more than $2 billion in profit over 20 years.
Kamala has finessed bubblegum conversation about whether she is Black or Indian. Her Irrelevancing-approach, an Irrelevance-code if you will, is Elevated and Elegant -- this is the Elevance of Kamala! asserts economist Dr Anuradha Luther Maitra.
Verma, 54, who served as a former US ambassador to India from January 16, 2015, to January 20, 2017 is currently the chief legal officer and head of global public policy at Mastercard.
'The policies announced by his administration are implemented faster.'
Third seed Alexander Zverev eased past home favourite Ugo Humbert
A series of explosions rocked Lebanon and Beirut on Wednesday with the health ministry confirming nine deaths while news agencies put the toll at higher. The fresh round of blast came just a day after a deadly attack involving exploding pagers claimed the lives of at least 12 people.
The US on Wednesday mourned the death of veteran industrialist and philanthropist Ratan Naval Tata, remembering him as someone who drove India to greater prosperity and development. Tata, the former Tata Group chairman who transformed a staid group into India's largest and most influential conglomerate, breathed his last at south Mumbai's Breach Candy Hospital at 11.30 pm on Wednesday. He was 86. "My last meeting with Ratan Tata at Google, we talked about the progress of Waymo and his vision was inspiring to hear. He leaves an extraordinary business and philanthropic legacy and was instrumental in mentoring and developing modern business leadership in India.
This case is the largest investigated by the Pandemic Response Accountability Committee Fraud Task Force to date, US Attorney for the Northern District of Texas Leigha Simonton said in a press release.
In a year bookended by intractable conflicts and geopolitical fragmentation, India focused on ramping up military prowess by broadly firming up defence procurement worth Rs 4.22 lakh crore even as Indian and Chinese militaries completed pulling back their troops from border face-off points in eastern Ladakh.
The Securities and Exchange Board of India (Sebi), the market regulator, has said, in a submission to the Supreme Court, that it is "enquiring" into the allegations made by American short-seller Hindenburg Research against the Adani Group of companies and its impact on the markets. In the same matter, the central government has agreed to form an expert committee to strengthen the regulatory regime in order to ensure that market investors are protected. The Supreme Court had last week suggested an expert committee to look into the allegations and had asked the Centre for its response.
In the second edition of Global Chess League, each team will play a total of 10 matches in a double round-robin format, with the winner of each match being decided in a best-of-six board scoring system.
A palpable mix of emotions enveloped the capital, particularly around the areas surrounding the White House. Supporters, opponents and general visitors gathered at the iconic location, commenting on the outcome of a bitterly fought election.
The war and Modi's recent visit to Ukraine is expected to figure prominently in the bilateral meeting, according to US National Security Adviser Jake Sullivan.
rediffGURU Dr Ashish Sehgal counsels individuals on how to resolve conflicts and prioritise mental wellbeing.
The promoter entities of JSW Group are in talks with several electric-car manufacturers in China to launch an electric car for the Indian market at Rs 15-20 lakh, a source close to the development said.
Lt Gen Ghai said as for the process of documenting these weapons and informing those who need to know about them, "that is definitely continuing, and I can definitely authenticate that".
'Israel would make Iran and its proxies pay. They, along with Qatar, fund terror all over the world.'
The India-US nuclear deal was aimed at ending India's nuclear isolation and nuclear apartheid, recalls Rup Narayan Das.
Several cafes and restaurants are boarded up from outside but still promising they are open. As Americans voted Tuesday, the capital prepared itself for potential unrest.
He was colourful. He was dramatic. He was The Master of His Craft. There never will be an editor as versatile as Pritish Nandy, notes Nikhil Lakshman.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances