FDIC appoints former Fannie Mae chief Tim Mayopoulos as CEO of Silicon Valley Bank The Federal Deposit Insurance Corporation (FDIC) has appointed Tim Mayopoulos as the CEO of Silicon Valley Bank (SVB). Mayopoulos is the former CEO of Fannie Mae, one of the largest mortgage finance companies in the United States. He will succeed SVB’s…
Ministry of Culture Administers Financial Assistance to Veteran Artists Scheme The Ministry of Culture has announced a financial assistance scheme for veteran artists, folk artists, and artisans. The scheme aims to provide monetary assistance to those who have contributed to their respective fields for a long time but are facing financial difficulties due to age-related…
Begging has been a long-standing social issue in India, with millions of people forced to beg for their livelihood due to poverty and unemployment. The Nagpur Municipal Corporation (NMC) has launched a new initiative called “Beggar-Free City” to address this problem. This initiative aims to provide vocational training and employment opportunities to beggars, enabling them…
Women’s World Boxing Championships 2023: MC Mary Kom & Farhan Akhtar Named Brand Ambassadors The upcoming Women’s World Boxing Championships 2023 has been the talk of the town ever since it was announced to be held in India. And now, the championship has received a major boost as two renowned personalities, MC Mary Kom and…
The Life Insurance Corporation of India (LIC) has appointed Tabelesh Pandey and M Jagannath as its new managing directors (MDs). Pandey and Jagannath will take over as MDs of the insurance giant on 1st May 2023, replacing current MDs MR Kumar and TC Suseel Kumar, who are set to retire on 30th April 2023. Why…
Siddhartha Mohanty LIC : GOI Appoints Siddhartha Mohanty as Interim Chairman of LIC The Government of India (GOI) has appointed Siddhartha Mohanty as the interim chairman of Life Insurance Corporation of India (LIC). This appointment comes after the retirement of MR Kumar, the previous chairman of LIC. Mohanty will hold this position until the government…
India-France Maritime Partnership Exercise : India and France Conduct Maritime Partnership Exercise (MPX) India and France recently conducted a joint maritime exercise named the Maritime Partnership Exercise (MPX) in the Gulf of Aden. The exercise was conducted in order to enhance cooperation and interoperability between the Indian Navy and the French Navy. This exercise comes…
Tech Mahindra named former Infosys President Mohit Joshi as MD and CEO Tech Mahindra, the Indian multinational technology company, has appointed Mohit Joshi as its Managing Director and Chief Executive Officer (CEO). Joshi will take over the role from CP Gurnani, who is retiring on April 1, 2021. Joshi was previously associated with Infosys for…
India tourism awards : India Receives Golden and Silver Star at Golden City Gate Tourism Awards India has won accolades at the prestigious Golden City Gate Tourism Awards, held in Berlin, Germany. The awards ceremony recognizes outstanding tourism campaigns, films, and multimedia productions from across the globe. India won two awards at the ceremony –…
Mount Merapi eruption : Indonesia’s Mount Merapi Volcano Erupts Covering Villages in Ash Mount Merapi, one of Indonesia’s most active volcanoes, erupted on 10th March 2022, covering nearby villages with a layer of ash. The eruption caused panic among residents, and authorities issued warnings to those living in the surrounding areas. This news is important…
