RBI appoints Ajay Kumar as Executive Director
The Hindu
The Reserve Bank of India (RBI) has appointed Ajay Kumar as its Executive Director (ED) with effect from August 20, 2021.Mr. Kumar will look after the Department of Currency Management, the Foreign Ex
The Reserve Bank of India (RBI) has appointed Ajay Kumar as its Executive Director (ED) with effect from August 20, 2021. Mr. Kumar will look after the Department of Currency Management, the Foreign Exchange Department and the Premises Department, the RBI said in a release. Before being promoted as ED, he was heading the New Delhi Regional Office of the RBI as its Regional Director.
Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.

In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.











