A Raja is the new IT minister
New Delhi: A Raja, the minister of environment and forests, has been selected as the new communications and IT Minister, replacing Dayanidhi Maran, who submitted his resignation yesterday.
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French bank Governor comes to India
New Delhi: Christian Noyer, the governor of the Banque de France, is currently visiting India on a five-day official visit for a series of meetings in the financial capital Mumbai and here to discuss the bilateral issues on banking.

Noyer is here at the invitation of his Indian counterpart, Dr YV Reddy and has started his visit with a bilateral meeting with the Reserve Bank of India in Mumbai. He is also scheduled to meet the Finance Minister, P Chidambaram, in New Delhi during his visit, a statement issued here by the French Embassy said.
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RBI rejects IndusInd Bank's choice of chairman
Mumbai: The Reserve Bank of India (RBI) has rejected IndusInd Bank's application to appoint Michael Bastin as the non-executive chairman of the bank.

Michael Bastin was the ex-chairman and managing director of Syndicate Bank and was earlier a general manager in Union Bank of India.

The bank has now sent a new name from the corporate world for RBI's approval.
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Kapil Dev to head executive board of Chandra's ICL
Mumbai: Former Indian cricket team captain Kapil Dev will head the executive board of the Indian Cricket League (ICL) set up by Subhash Chandra chairman of the Essel group.

The other members of the board include former stumper and ex-chief selector Kiran More, former England captain Tony Greig and Australian cricketer-turned-commentator Dean Jones.

Himanshu Modi, business head, Zee Sports, said more positions would be finalised later.

Kapil said he was delighted to be associated with the league and would utilise his experience to nurture young talent.
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