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News in Short

News in Short - 02-March-2022

Indians asked to evacuate Kyiv

Date: 02 March 2022 Tags: Miscellaneous
  • The Indian embassy in Ukraine issued a fresh advisory for stranded Indians in Kyiv and advised them to leave the capital city urgently through any means available.
  • In the advisory, it asked the citizens to leave Kyiv by available trains or any other means. The advisory came amid increasing fighting between Russian forces and Ukrainian troops around Kyiv.
  • The Union government has launched Operation Ganga to bring back stranded students and Indian citizens from conflict-torn Ukraine.

Russia suspended from FIFA and UEFA

Date: 02 March 2022 Tags: Sports
  • Russia has been expelled from the World Cup after being suspended from all international competitions “until further notice”, FIFA and UEFA announced.
  • The men’s team had been due to play in qualifying play-offs in March for the World Cup in Qatar later this year, while its women’s side had qualified for the European Championship in England, to be held in July.
  • Russian teams would be allowed to continue playing under the name of the Football Union of Russia, playing home games on neutral territory and behind closed doors, and with the Russian flag and anthem banned.

MadhaviPuriBuchappointed chief of SEBI

Date: 02 March 2022 Tags: Appointments & Resignations
  • Former banker MadhaviPuriBuch has been appointed as the new chairperson of the Securities and Exchange Board of India (SEBI) – the first-ever woman to head the capital markets regulator.
  • Before her assignment at SEBI, Buch was a consultant with the New Development Bank in Shanghai. She has also served as the head of the Singapore office of the private equity firm, Greater Pacific Capital.
  • A graduate in mathematics from St Stephen’s College, New Delhi, and an alumnus of the Indian Institute of Management (IIM)-Ahmedabad, Buch joined ICICI Bank in 1989.

Ashneer Grover resigns from BharatPe

Date: 02 March 2022 Tags: Appointments & Resignations
  • Ashneer Grover, the co-founder and managing director of BharatPe, has resigned from the firm amid a controversy.
  • This comes days after BharatPe sacked his wife Madhuri Jain Grover for alleged financial irregularities ranging from producing fake invoices to billing the company for personal beauty treatment and trips abroad.
  • Mr Grover was sent on leave following allegations of using abusive language against Kotak Mahindra Bank staff and fraudulent practices, which he has denied.

IlkerAyci turns down role of Air India MD and CEO

Date: 02 March 2022 Tags: Appointments & Resignations
  • IlkerAyci has turned down the Tata Group’s offer to be Chief Executive Officer and Managing Director of Air India.
  • The conglomerate’s choice to helm Air India had come under criticism from Swadeshi JagranManch, which had expressed “concerns” over Ayci’s links with RecepTayyipErdo?an, the current President of Turkey.
  • Between 1994 and 1998 Ayci served as an advisor to Turkish President RecepTayyip Erdogan, when he was Mayor of Istanbul.