Former Mastercard CEO, Ajay Banga nominated to Lead World Bank.

  • US President, Joe Biden has nominated former Mastercard CEO Ajay Banga as the president of the World Bank.
  • He would replace David Malpass, who will step down from his role this June before completing his tenure in April 2024.
  • He was nominated for his expertise in handling global challenges including climate change.
  • Presently, he is serving as the vice chairman at private equity firm General Atlantic.
  • Notably, he is the 1st Indian-born nominee for this role.

CAG Girish Chandra Murmu selected as External Auditor of ILO in Geneva.

  • Comptroller and Auditor General (CAG) Girish Chandra Murmu has been selected as the External Auditor of the International Labour Organization (ILO) in Geneva.
  • He has been selected for a four-year term from 2024 to 2027.
  • CAG will take over from the incumbent External Auditor of ILO, the Supreme Audit Institution of the Philippines.
  • CAG’s appointment is a recognition of its standing among the international community and its professionalism, and its global audit experience.

Abu Dhabi defence firm, India's HAL sign MoU at UAE's defence expo.

  • UAE's leading defense group, EDGE signed a Memorandum of Understanding with India's aerospace firm Hindustan Aeronautics Limited (HAL) at the International Defence Exhibition and Conference (IDEX).
  • Aim: To explore the areas of cooperation, including joint design and development of missile systems and Unmanned aerial vehicles (drones).
  • Besides, both companies will also explore the utilization of HAL's small gas turbine engines on EDGE's guided weapons.

Sajjan Jindal wins EY Entrepreneur of the Year Award 2022.

  • Chairman of JSW Group Sajjan Jindal was honored with the EY Entrepreneur of the Year Award 2022.
  • Reason: For his exceptional entrepreneurial journey in scaling the global conglomerate with a presence in steel, cement, infrastructure, energy, and paints.
  • He will now represent India at the EY World Entrepreneur of the Year Award (WEOY) at Monte Carlo in June 2023.
  • While K P Singh, Chairman Emeritus, DLF Group, was honored with the Lifetime Achievement Award.

NTPC ranked as the top Independent Power Producers.

  • NTPC Limited has topped the ranking of Independent Power Producers and Energy Traders Globally in the S&P Global Commodity Insights Top 250 Global Energy Company Rankings 2022.
  • These rankings are based on four key metrics: Asset worth, Revenues, Profits, and Return on Investment (ROI).
  • Presently, NTPC contributes 24% of the total electricity produced in India.
  • NTPC is targeting non-fossil fuel-based capacity to make up nearly 50% of the company’s portfolio by 2032.

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