World

Kristalina Georgieva to serve a second term as IMF Managing Director

Apr 13, 2024

Washington [US], April 13: The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on October 1, 2024. The Board's decision was taken by consensus, the IMF Press Centre announced.
The Board held several discussions, including with Ms. Georgieva, the sole candidate nominated for the position, before making its decision today.
Ms. Georgieva conveyed her deep gratitude for the trust and support of the Fund's Executive Board, representing its 190 members. She also expressed her honour in continuing to serve as Managing Director of the IMF for a second five-year term.
Source: Emirates News Agency

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ABB India celebrates its 75th anniversary

Bengaluru (Karnataka) [India], January 15: ABB India marks 75 years of operations, a journey underscored by technological innovation, sustainable solutions, and significant contributions to India's industrial and social development. Since its inception in 1949, two years after Indian independence, ABB India has played a pivotal role in enabling electrification, automation, and digitalization across utilities, industries, infrastructure and transportation, aligning closely with the nation's growth priorities. ABB's predecessor companies individually, ASEA of Sweden and Brown Boveri of Switzerland, had a presence in India for over a century. Starting with products and offerings catering to a few sectors, ABB now operates across 23 traditional and emerging sectors in India.

Jan 15, 2025