RBI appoints Neeraj Nigam as executive director
Neeraj Nigam was appointed executive director (ED) by the Reserve Bank of India on Monday. He will oversee four divisions, including the one responsible for consumer protection and education. He was the director of the RBI's Bhopal regional office before being promoted to ED. Throughout more than three decades, Nigam has worked for the Reserve Bank in a variety of capacities, including regulation and supervision, human resource management, property management, currency management, bank accounts, and other sectors.
Adani ports buys bankrupt Karaikal Port
In accordance with the bankruptcy court of India's clearance, Adani Ports and Special Economic Zone Ltd (APSEZ) said on Monday that it has completed the acquisition of Karaikal Port Private Limited (KPPL). It cost the business 1,485 crore. Earlier, the National Company Law Tribunal recognised APSEZ to be the successful resolution applicant for KPPL's corporate bankruptcy resolution process. The Karaikal Port, an all-weather deep-water port on India's east coast, was built under a build, operate, and transfer model through a public-private partnership.