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Current Affairs

ICICI Bank Secures RBI Nod For Sandeep Batra's Re-Appointment As Executive Director
In a significant development, ICICI Bank has received the Reserve Bank of India's (RBI) approval for the re-appointment of Sandeep Batra as the Executive Direct... In a significant development, ICICI Bank has received the Reserve Bank of India's (RBI) approval for the re-appointment of Sandeep Batra as the Executive Director (ED). The approval, conveyed through an official letter, is effective from December 23, 2023, to December 22, 2025. The current tenure of Batra, which received RBI approval for three years, concludes on December 22, 2023. In response, the Board of Directors, acknowledging Batra's contributions, unanimously sanctioned his reappointment for an additional two years, extending from December 23, 2023, to December 22, 2025.
India's Net FDI Hits 21-Month High At $5.9 Billion In October 2023
In October 2023, India experienced a surge in net foreign direct investment (FDI), reaching a 21-month high at $5.9 billion. This upswing was attributed to robu... In October 2023, India experienced a surge in net foreign direct investment (FDI), reaching a 21-month high at $5.9 billion. This upswing was attributed to robust gross inflows and a decrease in repatriation. Mauritius, Singapore, Cyprus, and Japan emerged as major contributors, accounting for over four-fifths of the total FDI inflows in October 2023.
India's thermal coal imports from the US reach over two-year high In November.
In November, India experienced a notable surge in long-haul thermal coal imports, with shipments from the United States peaking at 1.40 million tonnes (MT), mar... In November, India experienced a notable surge in long-haul thermal coal imports, with shipments from the United States peaking at 1.40 million tonnes (MT), marking the highest level in over a year. The information comes from energy intelligence firm Kpler, which reported that India's total thermal coal imports for the month amounted to 17.51 MT, slightly lower than the 15-month high of 18.66 MT recorded in October 2023. In 2022, Indonesia emerged as India's largest overseas supplier of thermal coal. Despite this, the US maintained its position as India's second-largest supplier of coking coal after Australia, as of October 2023. Russia secured the third position in coking coal supplies.