SURESH KANNAN PRESIDENT AND CEO
Indian travellers, CXOs take to adventure trips
Indian travelers are increasingly seeking adventure, with travel and hospitality companies noting a 30% year-on-year increase in demand for adventure trips. From biking tours in Malaysia's Penang to paragliding in Thailand’s Chiang Mai, the trend is gaining popularity among enthusiasts, including CEOs and CXOs of India Inc. Many are also interested in unique experiences in the Himalayas.
Wipro shares rose 116% under Thierry Delaporte's tenure. All eyes now on insider CEO
Wipro's market cap soared by Rs 1.36 lakh crore in 4 years under Thierry Delaporte, elevating shares by 116%. Srinivas Pallia succeeded him as CEO. Aparna Iyer was named CFO, maintaining internal leadership transition.
Wipro CEO Thierry Delaporte's resignation: Shares fall as quick turnaround unlikely
Investors will await clarity on any strategic or organisational changes and capital allocation from new CEO and MD Srini Pallia.
At India Inc, bosses are the new CEO of fitness
Indian Inc. has seen its share of keen runners and even endurance contestants over the years but business leaders are increasingly emerging as advocates of holistic health - both physical and mental - underscoring the significance of wellbeing. Top executives are sharing health challenges, diet tips, work and sleep routines, fitness goals and actively supporting their teams in such endeavours. Recognising that wellbeing significantly shapes company culture, morale and productivity, CEOs now play a pivotal role as influencers, leading by example and persuading the workforce.
Catch ’em young! Can brands and boardrooms get it right for India’s largest consumer set, the Gen Z?
Infosys co-founder Narayana Murthy stirred controversy by suggesting that India's youth work 70 hours a week. Gen Z, India's largest demographic, is asserting its influence across industries. Nestlé India, Amazon, and Myntra tailor offerings to Gen Z preferences. This generation, aged 15-26, fuels fast fashion, lifestyle, and beverage growth. Challenges include the need for quick trend adoption, individualistic preferences, and limited disposable incomes.
Kotak Mahindra Bank's new outsider CEO Ashok Vaswani seen as break from billionaire founder
In a rare move for an Indian lender, Kotak went outside its own ranks with the selection of Ashok Vaswani as chief executive officer. Some senior managers were shocked and disappointed, as investment banker K.V.S Manian was seen as the front runner, according to people familiar with the matter. The bank’s board submitted both names for consideration and The Reserve Bank of India, which approves all senior bank appointments, chose Vaswani.
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D K Shivakumar's nomination papers for polls in order, over 3,000 candidates in fray after scrutiny
Over 3,000 candidates have been validated for the May 10 Assembly polls in Karnataka, after filing their nominations were in order by electoral officials post-scrutiny. State Congress President D K Shivakumar's nomination was accepted after his claims that the BJP's IT cell were in the process of vetting his affidavit. Of the 3,044 candidates accepted, 219 are from BJP, 218 from Congress, 207 from JD(S), with the rest from small parties and Independents, and a total of 4,989 nominations had been received. The last date for the withdrawal of candidatures is April 24.
India offers many tailwind opportunities in many sectors: McKinsey India
"The drivers of margin accretive growth are relentless cost and value engineering; quality of revenue, new business models and scale benefits," he said at the event which was held on the theme "India's Century: How to Drive Sustainable, Inclusive Growth?".
Air India’s transformation is still a work in progress: CEO Campbell Wilson
"We have set out to create an airline that ranks among the best in the world and will proudly represent the new India on the global stage. And we have made quite a remarkable progress in a very short space of time," Wilson said in a note to employees.
G20 Presidency apt opportunity to showcase India's health innovations globally: Experts
??The professionals from across the country came together on Friday at the strategic roundtable, organised by the health think tank IHW Council, and discussed about the need of mitigating the aftermaths of COVID-19 pandemic by building sustainable and resilient health infrastructures and to leverage on opportunities of using G20 chair to initiate discussions on holistic health at the global level.
Companies recalibrating growth targets in volatile business environment
"For categories where commodity inflation is fluctuating rapidly, we are following on-the-spot strategies, unlike the case earlier," Coca-Cola India president Sanket Ray said. "Our cycles are focused on short-planning cycles, which are broken down into quarters. We have to keep space to account for volatility in demand. The system has to be agile enough in supply chain and commodity planning to take uncertainties into play."
Tata Sons Appoints SIA Veteran Campbell Wilson as MD, CEO of Air India
Tata Sons Thursday said it has appointed Campbell Wilson, a veteran at its partner Singapore Airlines, as the new chief executive of Air India."The Air India board approved the appointment of Mr. Wilson subject to requisite regulatory approvals. Mr Wilson, 50, has 26 years of aviation industry expertise across both full service and low-cost airlines," Tata Sons said in a statement.
IT firm CEO rewards colleagues' loyalty with BMW cars
Global software-as-a-service company-Kissflow Inc handed over five BMW cars, each worth Rs one crore, to its senior management executives to honour their loyalty and commitment to the company on Friday.
Kotak Securities launches no brokerage plan to attract traders under 30
The plan is free of any brokerage charge for all customers under 30, including delivery trades and intraday trades across equity, currency, commodity and F&O segments. Though the broker will charge an annual fee of Rs 499 for this plan.
US Congress revives EB-5 regional center program; minimum investment sum stands hiked to $800,000
For new EB-5 investors, the minimum investment amount stands increased from $500,000 to $800,000 for investments in Targeted Employment Areas (TEAs) or infrastructure projects, and from $1,000,000 to $1,050,000 for investments in non-TEAs. Beginning January 1, 2027 and every five years thereafter, the investment limits will be hiked.
Vinod Kannan takes over as CEO at Vistara
"Kannan started his stint with Vistara as the Chief Strategy Officer in June 2019 and took over as Chief Commercial Officer in January 2020 with responsibility for developing, executing, and sustaining Vistara's corporate strategy and ensuring the airline's commercial success," the statement read.
Suresh Jadhav, key executive of SII & doyen of vaccine industry, passed away
Jadhav has been with SII for over four decades, playing a crucial role in building SII as the world's largest vaccine producer. As part of the top leadership at SII, Jadhav has been a guiding force, as the drug maker rushed ahead to produce COVID-19 vaccine Covishield.
Peshawa Acharya made President of group strategy at Brightcom Group
The appointment comes into effect from September 21st, 2021 to spearhead its corporate strategy and development.
As India Inc shines brighter, CEOs and CXOs dump MNCs for local firms
Extensive capex plans, rise in M&A deals and increased decision-making power are some of the reasons attracting the top talent to Indian companies.
Wibmo strengthens leadership team with five new appointments
Wibmo has onboarded a strong group of leaders that bring extensive experience and expertise of working in and through periods of transformation, CEO Suresh Rajagopalan says.
Suresh Raina confirms attack on his family in Punjab, demands thorough probe
Raina's uncle and cousin passed away after battling for life for days.
US- India CEO Forum to highlight key market access issues, help bilateral trade, says government
The Indian side will be headed by Commerce & Industry and Civil Aviation Minister, Suresh Prabhu, and the US side will be led by Wilbur Ross, US Commerce Secretary.
India, Russia plan to hold mega economic Summit of 100 CEOs
During the various meetings, both sides appreciated and noted the fact that India-Russia trade has increased considerably, but was still less than the potential.
Ministers, CEOs to brainstorm at Business and Climate Summit
The Business and Climate Summit, which is being held for the first time in India from August 31 - September 1, will emphasise the future vision around a low carbon trajectory.
Why corporate supermen like Suresh Narayanan, Al Rajwani, Manoj Kumar, Issam Bachaalani are back in India
Unilever’s Sanjiv Mehta moved back in 2014 and Bharat Puri, formerly of Mondelez, is now managing director at Pidilite India, which makes Fevicol.
Indian executives now getting equally good opportunities in India as Singapore, Malaysia and Sri Lanka
Indian executives on the boards of foreign companies are paid between Rs 50 lakh and a few crore rupees as annual fees and are expected to attend board meetings once in every quarter.
Increased transparency will encourage global players to do business in India: Banmali Agrawala, GE South Asia head
GE expects to grow two to three times the rate of GDP growth, something it hasn’t achieved in the country in recent years.
Rail Budget 2015 pragmatic, to improve ease of doing business, says India Inc
"Rolling stock and bulk transportation would go a long way in making the Railways efficient," Assocham President Rana Kapoor said.
Rail Budget 2015: Too many things, too little detail, says industry
"It is a double whammy when it comes to moving commodities like coal, you hike it up by 6% plus, so you get very badly affected," Uppal said.
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