1. Legendary Mimicry Artiste Nerella Venumadhav Passes Away.
Noted mimicry artiste Nerella Venumadhav died after a brief illness at his home in Mattewada in Warangal city in Telangana. He was 85 and is survived by wife, two daughters, and two sons.
Venumadhav served as an MLC in 1971 in the undivided Andhra Pradesh. He rose to international fame after his enthralling performance at the United Nations. He was conferred scores of awards, including the Padma Shri in 2001.
A veteran mimicry artiste, Venumadhav, was born on December 28, 1932 in Mattewada. He began his passion – mimicry - at the age of 15. Over the years, he mastered the art and inspired scores of people to take up the art form. He was instrumental in introducing a course in mimicry in several institutions, including the Telugu University.
Venumadhav was recently felicitated by the Telangana government on State formation day on June 2. Public representatives and people from different walks of life expressed their grief over his demise.
2. ICICI Bank Names Sandeep Bakhshi As COO.
ICICI Bank Ltd.’s Managing Director and Chief Executive Officer Chanda Kochhar will go on leave till an independent probe into allegations of impropriety against her is completed.
The private lender named Sandeep Bakhshi as its chief operating officer for five years, according to a bank statement filed with the stock exchanges after a day-long board meeting. Bakhshi, currently COO designate, will take over as COO on June 19 or on receiving regulatory and other approvals, whichever is later.
He will be responsible for handling all the businesses and corporate centre functions at the bank, said the statement. All executive directors on the board of ICICI Bank and the executive management will report to him. While he will report to Kochhar, during her leave Bakhshi will report to the board, the bank said.
Kochhar, who the bank had earlier said was on a planned annual leave, will continue in her role as managing director and chief executive officer.
“In line with the highest levels of governance and corporate standards, Ms. Chanda Kochhar has decided to go on leave till the completion of the enquiry as announced on May 30, 2018.”- ICICI Bank statement .
3. Pulitzer Prize-Winning Political Commentator Charles Krauthammer Passes Away.
Charles Krauthammer, a longtime Fox News contributor, Pulitzer Prize winner, Harvard-trained psychiatrist and best-selling author who came to be known as the dean of conservative commentators, died Thursday. He was 68.
His death had been expected after he wrote a heartbreaking letter to colleagues, friends and viewers on June 8 that said in part “I have been uncharacteristically silent these past ten months. I had thought that silence would soon be coming to an end, but I’m afraid I must tell you now that fate has decided on a different course for me…
“Recent tests have revealed that the cancer has returned. There was no sign of it as recently as a month ago, which means it is aggressive and spreading rapidly. My doctors tell me their best estimate is that I have only a few weeks left to live. This is the final verdict. My fight is over.” The letter continued, “I leave this life with no regrets. It was a wonderful life -- full and complete with the great loves and great endeavors that make it worth living.”
In recent years, Krauthammer was best known for his nightly appearance as a panelist on Fox News’ “Special Report with Bret Baier” and as a commentator on various Fox news shows.
Following the news of the death of his “good friend,” Baier posted on Twitter, “I am sure you will be owning the panel discussion in heaven as well. And we`ll make sure your wise words and thoughts - your legacy - will live on here.”
4. B Sriram Appointed IDBI Bank`s MD And CEO.
State Bank of India`s (SBI) Managing Director B Sriram was appointed as the IDBI Bank`s CEO and managing director for a temporary period of three months, according to an official order. He has been appointed in place of incumbent Mahesh Kumar Jain who was recently named Deputy Governor of the Reserve Bank of India (RBI).
The Appointments Committee of the Cabinet has approved the appointment of Sriram as Managing Director and Chief Executive Officer of IDBI Bank for a temporary period of three months with effect from Jain`s demitting office, the order issued by the Personnel Ministry said.
Sriram has been working as the MD (Corporate and Global Banking) in SBI since July 2014. He had been Managing Director of State Bank of Bikaner and Jaipur. Sriram joined the government-run bank in 1981 as a Probationary Officer.
During over three-decade-long cState Bank of India (SBI) managing director Balasubramanyam Sriram has been appointed the managing director and chief executive officer of IDBI Bank for a period of three months. He will replace the incumbent, Mahesh Kumar Jain, who has been appointed the deputy governor of the Reserve of Bank India (RBI).
The appointments committee of the cabinet has approved Sriram’s appointment as CEO of IDBI Bank for a temporary period of three months with effect from Jain’s demitting office, the order issued by the personnel ministry said.
Jain, who has been the managing director and CEO of IDBI Bank since March 2017, is expected to take charge as the fourth deputy governor at RBI on Friday. He succeeds S.S. Mundra, who retired in August 2017.
Sriram is due for retirement in September this year, which is one of the reasons for him being given a three-month term at IDBI. He has been working as the managing director in-charge of corporate banking and stressed assets resolution at SBI since July 2014. Sriram was also one of the candidates shortlisted for the post of RBI deputy governor, along with Jain.
Sriram has worked in various roles in domestic as well as in international markets in his nearly three decades of experience at SBI. He also served as the managing director and CEO of the State Bank of Bikaner, an associate bank that was later merged with SBI.reer, he held several positions and also had a stint at SBI`s Singapore office. His appointment signals the government`s efforts to ensure that the bank does not remain headless after Jain`s appointment in the central bank.
5. Australian Golfer Peter Thomson Passes Away.
Hailed as a hero to some and as golf royalty to others, Peter Thomson, a five-time winner of the British Open and the only player in the 20th century to win the tournament for three straight years, died Wednesday. He was 88.
Thomson had been suffering from Parkinson’s disease for more than four years and died at his Melbourne home surrounded by family members, Golf Australia said.
The first Australian to win the British Open, Thomson went on to secure the title five times between 1954 and 1965, a record equaled only by American Tom Watson.
The Australian’s wins came in 1954, ’55, ’56, again in 1958 and lastly in 1965 against a field that included Arnold Palmer and Jack Nicklaus.
Only Harry Vardon, with six titles between 1896 and 1914, won more.
Thomson also tied for fourth at the 1956 U.S. Open and placed fifth in the 1957 Masters. He never played the PGA Championship.
In 1998, he captained the International side to its only win over the United States at the Presidents Cup at Royal Melbourne.
Asked by The Associated Press in 2011 how he’d like to be remembered, Thomson replied: "A guy who always said what he thought."
Veteran Australian golfer Karrie Webb was among the first to tweet her condolences, saying she was "saddened to hear of the passing of our Aussie legend and true gentleman of the game …. so honoured to have been able to call Peter my friend. RIP Peter."
Former PGA Tour commissioner Tim Finchem said Thomson was "a champion in every sense of the word, both on the course and in life."
"Many know him as a five-time champion golfer of the year or as a three-time captain of the Presidents Cup International team." Finchem added. "But he was also a great friend, father, grandfather and husband. He was golfing royalty, and our sport is a better one because of his presence."
6. Arijit Basu Appointed SBI`s New Managing Director.
The appointments committee of the cabinet has appointed Arijit Basu as the new Managing Director of State Bank of India. In a notification, the cabinet committee said Basu has been appointed as MD till October 31, 2020.
Prior to this, Basu was heading the corporate accounts group as the deputy managing director and handling stressed assets. Basu returned to SBI two months ago after serving as the Managing Director and Chief Executive Officer at SBI Life Insurance for four years.Two days ago, SBI`s Managing Director B Sriram was temporarily appointed as the Chief of IDBI Bank for a period of three months.
Sriram will take charge as the Managing Director and Chief Executive Officer (CEO) of IDBI Bank after existing Chief MK Jain got recently appointed as the Reserve Bank of India (RBI) Deputy Governor.A graduate in Economics and a Master of Arts in History, Basu started his career with the bank almost 35 years ago as a probationary officer.According to the SBI Act, the bank can have up to four managing directors.