Executive Financial News

Uday Kotak now believes it’s time to hang the boots. In a letter to the shareholders of Kotak Mahindra Bank, the banking veteran indicated his willingness to play a non-executive role in the bank. “Going forward, I see my role as a non-executive board governance member and a strategic shareholder with a long term perspective of nurturing a world class institution,” Kotak said.

Former FTX executive Ryan Salame and his girlfriend Michelle Bond, a former congressional candidate, are under investigation for potential violations of campaign-finance law. 

GlobalFoundries has shelved its plan to appoint former Amazon executive Tim Stone as chief financial officer, it said on Tuesday, two months after choosing him. The company, which did not disclose the reason in its statement, declined a Reuters request for further comment.

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Also read: Nomura India's head of investment banking steps down: Report Having completed his education at Manipal Institute of Technology and holding an MBA from the Asian Institute of Management in Manila, Vikas Sharma possesses more than 25 years of experience in the banking and consulting industry. During his tenure as an investment banker, he focused on the technology, media, and telecom (TMT) sector across Asia, reported Economic Times.

BJP) on Saturday nominated 10 members to the party's national executive. According to an official release, the saffron party appointed former Telangana BJP president Bandi Sanjay Kumar, former Rajasthan BJP president Satish Punia, former Andhra Pradesh BJP president Somu Veerraju, among other party leaders, to its top decision making body. «BJP National President JP Nadda has made the following appointments; Suresh Kashyap, Sanjay Jaiswal, Vishnu Deo Sai, Dharamlal Kaushik, AshwSharma, Bandi Sanjay Kumar, Somu Veerraju, Deepak Prakash, Satish Punia, Kirodi Lal Meena,» the party said in a statement.

BJP president J P Nadda on Saturday nominated 10 party leaders, including many former state unit chiefs, to the organisation's national executive. A party statement said the new national executive members are Bandi Sanjay Kumar, Deepak Prakash, Satish Punia and Sanjay Jaiswal, former BJP presidents in Telangana, Jharkhand, Rajasthan and Bihar, respectively.Suresh Kashyap, Vishnudeo Sai and Ashwani Sharma, who headed the party in Himachal Pradesh, Chhattisgarh and Punjab, respectively, before being replaced by the incumbents, are among the other appointees.

Jio Financial Services Ltd (JFSL), parent company Reliance Industries today announced that Mukesh Ambani's daughter Isha Ambani would join the financial services arm as a non-executive director. The 31-year scion, married to businessman Anand Piramal of the Piramal Group, is already a part of the executive leadership team at Reliance Retail and had also played a pivotal role in conceptualising and launching Jio in 2016.

Indian Railways on Saturday announced that it was delegating powers to the Zonal Railways to introduce discounted fare scheme in trains with AC chair cars. «With a view to optimize utilization of accommodation in trains, Ministry of Railways has decided to delegate powers to Zonal Railways to introduce discounted fare scheme in trains with AC sitting accommodation, subject to terms and conditions,» a press release from the government read. «This scheme shall be applicable in AC chair car and executive classes of all trains having AC seating accommodation, including Anubhuti and Vistadome coaches,» the Railway Board order stated.

The Reserve Bank of India (RBI) Thursday appointed P. Vasudevan as executive director.

Reserve Bank of India (RBI) on Thursday said it has appointed P Vasudevan as Executive Director (ED) and he will look after three departments, including that of currency management. The appointment is with effect from July 3, RBI said in a statement.

Ajit Pawar and Sharad Pawar have claimed their control over the party and on Wednesday both leaders called meetings at different locations to project their respective strengths. Sharad Pawar has a good connection with the NCP workers who thronged outside his residence ahead of the meeting but only 13 MLAs and 3 MLCs were present during his meeting.

©2023 Bloomberg L.P.This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

BharatPe on Wednesday said that it has roped in former Razorpay executive, Pankaj Goel, as its chief technology officer (CTO). Prior to joining BharatPe, Goel was the head of payments engineering at payments infrastructure provider Razorpay. As a part of his new role, Goel will be leading the technology function at BharatPe and spearhead innovation strategy across its group companies.

H-1B visas, has been welcomed by an Indian community in the country. "I am honoured and happy to see this announcement by the White House Joint Statement and Prime Minister (Narendra) Modi himself making an announcement.

PwC Australia’s long-time legal counsel Meredith Beattie is retiring as the firm’s incoming chief executive Kevin Burrowes announces major leadership changes.

ONGC Videsh Ltd (OVL) is waiting for clarity on the equity structure of a block in the Lokichar basin in Kenya from Tullow Oil before bidding for a stake, a company executive said on Tuesday. Tullow in May said that its two minority partners have withdrawn from the field.

H-1B visas in the country. «I am honoured and happy to see this announcement by the White House Joint Statement and Prime Minister (Narendra) Modi himself making an announcement. The H-1B restamping in the USA will bring relief to over one million people on H-1B,” Ajay Bhutoria, a Silicon Valley technology executive, community leader, speaker and author, said in a statement. In the Joint Statement by Prime Minister Modi and President Biden, issued during the Indian leader's State Visit last month, the leaders welcomed an announcement by the State Department that it would launch a pilot to adjudicate domestic renewals of certain petition-based temporary work visas later this year, including for Indian nationals, with the intent to implement this for an expanded pool of H1B and L visa holders in 2024 and eventually broadening the program to include other eligible categories. The much-sought-after H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China. Until 2004, certain categories of non-immigrant visas, particularly the H-1B, could be renewed or stamped inside the US. After that, for the renewal of these visas, in particular, those on H-1B, the foreign tech workers have to go out of the country, mostly to their own country to get the H-1B extension stamped on their passport.

The former Goldman Sachs executive Craig Broderick has joined the Board of Directors of Circle Internet Financial, the issuer of the USDC stablecoin. 

Samsung Electronics. In a handwritten letter to Reuters, his first comments to media since he was detained on May 25, Choi Jinseog elaborated on his defence plan and said the allegations against him regarding the Xian plant were not substantiated. Prosecutors earlier this month indicted the former Samsung executive for illegally obtaining secret information to build a semiconductor plant only 1.5 km (1 mile) from a Samsung factory in Xian, China.

Cryptocurrencies hold “no societal benefits,” and should instead be seen as a form of gambling, according to European Central Bank (ECB) board member Fabio Panetta.