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."
Pacer Prasidh Krishna, who is back in the Indian team after an injury lay-off, praised and thanked star fast bowler Jasprit Bumrah for his support during the National Cricket Academy (NCA) days.
Presenting the Budget for 2020-21, Sitharaman said Rs 1.7 lakh crore has been provided for transport infrastructure in 2020-21.
Polyphonic and pluralistic, as the world's two most populous democracies, India and the European Union are beasts of similar temperament. Yet of all the countries that the EU has a strategic partnership with (there are six in total: the United States, Canada, Japan, China, Russia and India), its relationship with India is by far the least developed.Europe's eyes remain for the main part firmly trained on China.
'Just because of my background and poor academic qualifications, most people disbelieve what I have done.'
Cisco has licensed HCL the intellectual property for one of its network management products.
While Modi was given this t-shirt by Biden, Microsoft CEO Satya Nadella, Chairman of Mahindra Group, Anand Mahindra, Apple CEO Tim Cook and External Affairs Minister S Jaishankar could be seen at the event, amongst many others.
Qatar Investment Authority (QIA) will acquire around 1 per cent stake in Reliance Retail Ventures Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led Reliance Industries, by investing Rs 8,278 crore ($1 billion). A QIA's wholly-owned subsidiary will make the investment in India's largest retailer at a valuation of Rs 8.278 lakh crore ($100 billion). Updating about the development, Reliance Industries in a regulatory filing said: "QIA's investment will translate into a minority equity stake of 0.99 per cent in RRVL on a fully-diluted basis." RRVL is the holding company for all retail businesses of Reliance Industries Ltd (RIL).
'This is the first time the US has formally recognised the threat India faces from terrorist organisations based in Pakistan.'
Modi was honoured with the 'Order of Zayed', the UAE's highest civilian award, in 2019 as a mark of appreciation for his efforts to boost bilateral ties between the two nations.
Satwik has been working with sport & performance psychologist Shree Advani
Reliance Industries Ltd on Monday announced an agreement to invest alongside Brookfield Infrastructure and Digital Realty in special purpose vehicles developing data centres in India. Reliance will hold a 33.33 per cent stake in each of the five Indian special purpose vehicles and become an equal partner, the company said in a statement. Digital Realty Trust, Inc is the largest provider of cloud and carrier-neutral data centre, colocation and interconnection solutions globally with 300+ data centres across 27 countries.
Hyundai Motor India on Thursday said it will invest Rs 20,000 crore in a phased manner in Tamil Nadu over the next ten years to make further inroads into electric vehicles and modernisation of vehicle platforms. The automaker will invest in phases starting in 2023 till 2032. "Hyundai has been one of the largest manufacturers and consistent investors in Tamil Nadu.
Speaking about the issue in India in March 2012 at a media conclave, Kissinger defended his use of unparliamentary language while referring to Prime Minister Indira Gandhi.
The pact is significant as India has been sourcing its military jets from Russia and European consortia.
Its success script: Investing more in local content ecosystem; growing its partnership footprint.
Full service carrier Air India on Thursday announced a new multi-year global distribution services partnership with US-based Sabre Corporation. The collaboration enables travel agents and corporations around the world to access Air India fares and seats through Sabre's extensive global travel marketplace, Air India said in a statement. In addition to the distribution services, Air India said it is utilising Sabre's consultancy expertise to help determine optimal routes for its existing and new fleet.
The MoU was signed by New York Consul Geneal Dnyaneshwar Mulay on behalf of the ICCR and Richard L Edwards, executive vice president for Academic Affairs and interim Chancellor, Rutgers University to initiate this academic partnership.
In his 50 years in politics, he made positive contributions to China-India relations, Chinese Foreign Ministry spokesperson Hua Chunying said.
At the World Bank Banga will be replacing David Malpass, a former Trump treasury official, reports axios.com. Malpass had already announced that he will resign by July, months ahead of his term expired. "Ajay is uniquely equipped to lead the World Bank at this critical moment in history," President Biden said in a statement. Banga, 63, currently serves as vice chairman at General Atlantic.
Existing optimism about the capital goods sector has been enhanced by the Assembly election results, which were favourable for the BJP. The prospects of political continuity led to renewed interest in the sector. There are demand-supply gaps, especially in power, and visibility of improved pricing and strong order flows, including from private enterprises.
The temple town is likely to witness a major jump in tourist inflow once flagship projects are commissioned. In the first six months of 2022, more than 20 million tourists visited Ayodhya.
IT services firm Wipro has launched an artificial intelligence (AI)-first ecosystem that will put the technology in every platform, tool, and solution it uses and offers to clients. Along with the launch of Wipro ai360, the company committed to invest $1 billion to advance AI capabilities in the next three years. Wipro ai360, fuelled by this new investment, will help in a new era of value, productivity, and commercial opportunities through the application of AI and generative AI, said the company.
Singh emphasised that the Indo-Pacific is no more a maritime construct, but a full-fledged geo-strategic issue, and that the region is facing "a complex web" of security challenges, including boundary disputes and piracy.
The sources said Modi's pre-recorded video statement is expected to be broadcast at the UN General Assembly hall in New York around 9 am local time (6.30 pm IST) and added that he is scheduled as the first speaker in the forenoon.
Briefing reporters on the ongoing evacuation mission 'Operation Kaveri', Kwatra said approximately 1,700 to 2,000 Indian nationals were moved out of the conflict zones and they included the citizens already evacuated out of Sudan as well as those who are on their way to Port Sudan from capital city Khartoum.
'This incident offers ammunition to those inside the US government and elsewhere who question the wisdom of trusting India, so it will have a lasting consequence no matter how it is managed.'
The India-Japan global partnership is based on shared democratic values and respect for the rule of law and promotes peace and stability in the Indo-Pacific, Prime Minister Narendra Modi said on Monday after holding wide-ranging talks with his Japanese counterpart Fumio Kishida.
United States Secretary of State Antony Blinken will travel to India next week to attend the meeting of G20 foreign ministers and meet senior Indian officials to reaffirm America's strong partnership with the country.
India and Bangladesh signed seven Memorandum of understanding (MoUs) on Tuesday in the presence of Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina in Delhi. India-Bangladesh delegation-level talks led by PM Modi and Hasina were commenced at the Hyderabad House in New Delhi. "India-Bangladesh delegation level talks led by PM @narendramodi & PM Sheikh Hasina commence. "On the agenda are issues related to connectivity, energy, water resources, trade & investment, border management & security, development partnership and regional & multilateral matters," the official spokesperson of the Ministry of External Affairs Arindam Bagchi tweeted.
Rohit and I keep talking about situations, it helps in forging big partnerships: Jaiswal
Amid a surge in dengue cases in Karnataka, Chief Minister Siddaramaiah on Monday said he has instructed officials to take all necessary precautionary measures to prevent spread of the vector borne disease and urged the people to give utmost priority to cleanliness in their neighbourhoods.
Responding to media queries on the development, ministry of external affairs spokesperson Arindam Bagchi said that "such interference in India's internal affairs is unacceptable, and reflects a colonial mindset".
Prime Minister Narendra Modi's visit to the United States this month will set new benchmarks for bilateral ties and some 'really big, historic and exciting' announcements are likely to be made on defence cooperation and boosting India's indigenous military industrial base, the Pentagon has said.
India is working on new technologies such as the small modular reactors that can be factory-built and help make clean energy transition, Science and Technology Minister Jitendra Singh said in New Delhi.
The MoU, expected to be signed on Tuesday, coincides with Maharashtra's 350th anniversary celebrations of the coronation of Chhatrapati Shivaji. It is then expected to be dispatched to India later this year for an agreed period.
Haley, who is planning to take a trade delegation to India in November also talked about the possible partnerships between South Carolina and India.
The July-September quarter results of software companies in the engineering research and development (ER&D) segment were broadly in line with expectations, though there have been cuts in revenue growth guidance. While results were a mixed bag, and there are cautionary views on the near-term outlook, brokerages and global consulting firms highlight the strong growth trajectory for the sector. They expect this segment of the software sector to grow by 8-12 per cent going forward.
Sukanya Verma recaps all those events from 25 years ago.
Prime Minister Narendra Modi on Saturday announced the adoption of the New Delhi Leaders Declaration, a significant victory for India's G20 presidency that came amid increasing tensions and divergent views over the Ukraine conflict.
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