Tag: Ajay Banga

World Bank President Ajay Banga Named In 2023 List Of Great Immigrants
Business

World Bank President Ajay Banga Named In 2023 List Of Great Immigrants

[ad_1] Ajay Banga is the first-ever Indian American to lead the World Bank.New York: Ajay Banga, the President of the World Bank, has been named by a prestigious philanthropic organisation to its annual "Great Immigrants" list of honourees who have enriched and strengthened America and its democracy through their contributions and actions.Mr Banga, who became World Bank chief in June 2023, is the first-ever Indian American to lead the institution. He is the only honouree from India in this year's list of ‘Great Immigrants' by the Carnegie Corporation of New York.With over 30 years of experience in key positions, Mr Banga is expected to usher in transformative policies at the World Bank to combat poverty and address climate change, opening opportunities for people around the globe, a stat...
Indian-Origin Ajay Banga Set To Become World Bank Chief Unopposed
Business

Indian-Origin Ajay Banga Set To Become World Bank Chief Unopposed

[ad_1] The Washington-based World Bank opened the nomination period in late February.Ajay Banga, the US pick to head the World Bank, appears almost certain to become the anti-poverty lender's next president after nominations closed Wednesday with no country publicly proposing an alternative candidate.The former Mastercard Inc. chief executive was tapped by President Joe Biden last month after current president David Malpass announced plans to step down almost a year early.Mr Malpass, nominated by former President Donald Trump in 2019, won the top spot unopposed. The institution's top job has always gone to a US candidate. While no countries besides the US have announced candidates, World Bank rules allow member nations to make nominations during the window that closed on Wednesday aftern...
Need Revamp Of Development Model, Says US Candidate For World Bank
Business

Need Revamp Of Development Model, Says US Candidate For World Bank

[ad_1] The United States is the World Bank's largest shareholder. (Representational)Nairobi, Kenya: The United States' candidate to head the World Bank, Ajay Banga, on Wednesday called for a revamp of the development model to better meet the challenge of climate change.Mr Banga, who is on a trip to Kenya, said the world cannot continue to "pursue the prior model of (an) emission heavy growth system," and rallied for adaptation."We cannot afford it, our children cannot afford it," he told reporters in Nairobi.The 63-year-old Indian American was last month nominated by US President Joe Biden to head the global lender after its current chief David Malpass announced plans to step down early.The nomination comes amid a push for development lenders to revamp and address global problems like en...
Proud moment for India, new YouTube CEO is of Indian origin; check full list of CEOs
Technology

Proud moment for India, new YouTube CEO is of Indian origin; check full list of CEOs

[ad_1] Much to the delight of Indians everywhere, one more global tech powerhouse has appointed a CEO who has Indian origins. The latest is Google owned YouTube, which has named Indian-American Neal Mohan as CEO after its long-time CEO quit. Neal Mohan is a Stanford graduate and a senior advertising and product executive who joined Google as far back as 2008. Among other Indian-origin CEOs who have made extraordinary strides are Google parent Alphabet's Sundar Pichai, Microsoft's Satya Nadella, IBM's Arvind Krishna, Adobe's Shantanu Narayen and earlier Mastercard's Ajay Banga. Neal Mohan was at DoubleClick for almost 6 years. The company was acquired in 2008 by Google. At Google, he was senior vice president of display and video advertising for about eight y...