January 2020

Abidali Neemuchwala

Abidali Neemuchwala

Wipro CEO Abidali Neemuchwala steps down WiproNSE -1.62 % said its CEO Abidali Neemuchwala has resigned due to family commitments, a year before his term was scheduled to end, but that he would stay on until a successor was appointed. Analysts say a slew of internal candidates could be in the running. Neemuchwala joined Wipro from TCSNSE -2.75 % in April 2015 as Group President and COO. He was elevated to CEO in February 2016. Neemuchwala’s term at Wipro was due to end on Jan 31, 2021. Source: The Economic Times

Harinder Sidhu

Harinder Sidhu

Australia may seek to keep Pakistan in FATF ‘grey list’ NEW DELHI : Australia has indicated it will support keeping Pakistan in the Financial Action Task Force’s (FATF’s) ‘grey list’ of countries that need to do more to curb terrorist financing. The stand comes just weeks ahead of a key meeting of the Paris-based global finance watchdog. Speaking to reporters, Australia’s outgoing high commissioner to India Harinder Sidhu also said that the decision that the Australian delegation will take at the Paris meeting of FATF next month will be based on technical evaluation of the steps Pakistan has taken to be taken of...

Ralf Speth

Ralf Speth

Jaguar Land Rover’s Ralf Speth to quit as £1.1bn cuts announced Jaguar Land Rover has launched a £1.1bn round of cost cuts as Britain’s largest carmaker announced that Ralf Speth, its chief executive for a decade, would step down in September. JLR said there were no additional redundancies planned at present, after previously announcing 5,000 job cuts. The fresh savings drive will focus instead on reductions in investment spending and material costs over the next year. Source: The Guardian

Mahinda Rajapaksa

Mahinda Rajapaksa

Sri Lankan PM Mahinda Rajapaksa to visit India from Feb 7-11 Sri Lankan Prime Minister Mahinda Rajapaksa will be on a state visit to India from February 7 to February 11, the Ministry of External Affairs said on Thursday. This will be his first trip to India since assuming office in November last year. “Sri Lankan Prime Minister Mahinda Rajapaksa will be on a state visit to India from 8 to 11 February. He will arrive on 7th February. 8th February will be the main engagement day where he will hold delegation-level talks with Prime Minister Narendra Modi,” MEA spokesperson Raveesh...

Bear Grylls

Bear Grylls

Bear Grylls: Facts You Didn’t Know About the Adventure Survivalist Bear Grylls has become a household name across the globe as he dares to do what no one else has done. From climbing big mountains to exploring dense forests and surviving on what is available. Grylls, is a popular adventure survivalist has gained a huge fan following in India after shooting with Indian Prime Minister Narendra Modi and Tamil superstar Rajinikanth. Now, he is busy shooting with Bollywood star and National Award-winner Akshay Khanna for his next episode. Source: News18.com

Jack Ma

Jack Ma

Alibaba billionaire Jack Ma, China’s richest man, pledged $14.5 million to fight the coronavirus Tech billionaire Jack Ma has pledged $14.5 million towards fighting the coronavirus outbreak. Ma, who is China’s richest man and the founder of ecommerce giant Alibaba, will donate the money through his eponymous charitable foundation to support the development of a coronavirus vaccine. Source: Business Insider

Gita Sabharwal

Gita Sabharwal

Gita Sabharwal of India appointed UN Resident Coordinator in Thailand The UN has appointed Gita Sabharwal of India as the Resident Coordinator in Thailand. The UN Resident Coordinator is the highest-ranking representative of the UN development system at the country level. Resident Coordinators lead UN Country Teams and coordinate the world body’s support to countries in implementing the 2030 Agenda. Resident Coordinators are the designated representatives of the UN Secretary-General. They report to the UN chief. “United Nations Secretary-General Antonio Guterres has appointed Gita Sabharwal of India as the United Nations Resident Coordinator in Thailand, with the host government’s approval,”...

VV Lakshminarayana

VV Lakshminarayana

Big setback for Jana Sena, VV Lakshminarayana quits party Former CBI Joint Director V V Lakshminarayana, who had joined Pawan Kalyan’s Jana Sena Party (JSP) last year, quit the party on Monday. Lakshminarayana has probed a number of high-profile cases, most prominently the disproportionate assets case against YSRCP chief and Chief Minister YS Jagan Mohan Reddy, among others. Lakshminarayana had contested the 2019 Lok Sabha elections as a Jana Sena candidate from Visakhapatnam, and was one of the key member leaders of JSP. In a letter addressed to JSP chief Pawan Kalyan, Lakshminarayana wrote that his reason for quitting was...

Elon Musk

Elon Musk

Tesla chief Elon Musk adds $2.3 billion to his fortune in just 60 minutes Elon Musk’s fortune swelled by $2.3 billion in the span of an hour Wednesday after shares of Tesla Inc. soared in extended trading on stronger-than-expected fourth-quarter earnings and ramped up production of its Model Y crossover SUV. The electric-vehicle maker’s stock, which closed at $580.99, surged 12% to $649 at 5:16 p.m. in New York, boosting the chief executive officer’s net worth to about $36 billion, according to the Bloomberg Billionaires Index. Musk, 48, owns about a fifth of Tesla’s outstanding stock, which comprises the bulk of his fortune,...

Rahul Bajaj

Rahul Bajaj

Rahul Bajaj to step down from executive role, to stay as non-executive Chairman NEW DELHI : Bajaj Auto’s long serving Chairman Rahul Bajaj will step down from executive role to become a non-executive director while continuing to hold his current position, the company said on Thursday. Bajaj, who has been a director of the company since April 1, 1970, was last reappointed by the board for a five-year term with effect from April 1, 2015, and his term as executive chairman is expiring on March 31, 2020, the company said in a regulatory filing. Source: Livemint