Awards & Apppointments
Axis Bank Appoints Sangram Singh as Freecharge CEO
i. Axis Bank Ltd has recently completed the acquisition of mobile wallet firm Freecharge and appointed Sangram Singh as its CEO. He has replaced Jason Kothari.
ii. Freecharge presently has a revenue of about Rs80 crore. Snapdeal had bought Freecharge in April 2015 for an estimated $400 million or over Rs2,500 crore at current rates.
V M Kwatra Appointed Ambassador to Principality of Monaco
i. Shri Vinay Mohan Kwatra has been concurrently accredited as the next Ambassador of India to the Principality of Monaco, with residence in Paris.
ii. Mr Kwatra is presently Ambassador of India to France.
Important Takeaways from Above News-
Sushma Swaraj is the present External Affairs Minister of India.
Nisha Desai Biswal Appointed as President of USIBC
i. Nisha Desai Biswal, former Indian-American assistant secretary of state for South and Central Asia has been appointed as the new president of US India Business Council (USIBC).