EXECUTIVE MOVEMENTS
CXO-level shifts rearrange top deck at Indian startups
The world of startups witnessed a series of top-level movements in the first half of 2024, including Naveen Tahilyani taking the helm as CEO of Tata Digital and the resignation of Surinder Chawla, managing director and chief executive officer of Paytm Payments Bank.
US Visa Bulletin for June 2024: No movement in key Green Card deadlines
Understanding the Visa Bulletin is indeed crucial for individuals seeking Green Cards. It serves as a roadmap, offering valuable insights into the process of adjusting immigration status and determining eligibility based on application submission.
India parts ways with IBA, joins World Boxing
The Boxing Federation of India (BFI) has left the suspended International Boxing Association (IBA) to join World Boxing, aiming to secure boxing's Olympic future. This move follows the threat from the International Olympic Committee to exclude boxing from the 2028 Los Angeles Olympics if federations remain aligned with the IBA.
India Inc doubles down on getting the gender mix right
Naina Lal Kidwai, chairperson of Rothschild & Co, who is also on the board of directors of Biocon and UPL, said one of the big factors fuelling this change is ESG reporting. Companies, especially the larger ones, are seeking ratings from global firms like Moody’s where one of the questions being asked is around diversity and inclusion. Indian companies also need to disclose Business Responsibility and Sustainability reporting besides adhering to integrated reporting where ESG etc, is being integrated into annual reports.
A market rumour will now no longer remain just a rumour under latest SEBI order
In my article on October 03, 2023, titled “Formation of Industry Standards Forum by SEBI - a pragmatic era in regulation implementation”, I had mentioned that SEBI has introduced a very pragmatic method of drafting standards for implementation of a regulation.
FII action, rupee movement among 11 factors to set D-Street mood this week
Nifty closed the week with a 2.2% increase despite notable ups and downs, as seen in the India VIX reaching a 52-week peak with almost a 10% rise over four sessions. As trading resumes next Monday, numerous significant local and international events scheduled throughout the week are anticipated to influence market dynamics.
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Why was Iranian president Ebrahim Raisi called the 'Butcher of Tehran'?
The death of Ebrahim Raisi has raised questions regarding his record on Human Rights. He is seen to be behind mass killings that have led to suppression of rights in Iran, as per reports.
Shipping is a dirty business. Cleaning it up is lucrative
HD Hyundai Marine's successful IPO attracted investors' attention by doubling stock value. It aims to provide eco-friendly solutions and expand globally in the maritime industry.
Delhi Metro alert: Train movement between Samaypur Badli, Jahangir Puri to be via single line for 4 months
The Delhi Metro Rail Corporation (DMRC) said in a post on X, "Train movement between Samaypur Badli and Jahangir Puri on the Yellow Line shall be done via single line from 10 pm till end of revenue services and from start of revenue services till 7 am with effect from Thursday (18.4.2024) for a period of four months for execution of Phase-IV work of the Magenta Line extension."
There is a critical need for upskilling initiatives in India, says Pearson executive
In an interview with ET’s Sreeradha Basu, Jane Baker, vice-president, Workforce Skills at learning company Pearson said India stands out as a leader in the global upskilling market due to its sheer volume of learners seeking to enhance their skills and through the active support of government initiatives like Skill India.
Nagaland: NDPP leader, former BJP member join Congress ahead of LS polls
In a blow to the ruling alliance in the state, going into the upcoming Lok Sabha elections, Nationalist Democratic Progressive Party leader James Kuotsu and former BJP leader Kidongam Panmei joined the Congress on Thursday in the presence of the party's state chief S Supongmeren Jamir.
IOA chief PT Usha says Executive Council members trying to sideline her
On Friday, nine EC members had pasted a signed notice at the IOA office premises here, asking "unauthorised persons" not to enter its headquarters. The notice, which Usha termed as "arbitrary", was directed at two recently appointed officials.
Study finds app-based tests effective in detecting dementia before symptoms appear
A new study reveals that data collected through a mobile app, including voice recordings and body movements, can aid in the early detection of dementia at a genetic level. The app, developed by researchers in collaboration with a software company, includes tests of executive function and language comprehension, key areas affected by frontotemporal dementia (FTD).
'ISI meddling': Could judicial letter spark a movement against the Pakistan military?
Pakistan's Supreme Court has announced an investigation into allegations of interference by intelligence agencies in legal affairs, prompted by a letter from six high court judges. This development, amid public uproar, signifies a potential shift in civil-military relations. The judges' letter detailed instances of interference, including surveillance and intimidation tactics.
AAP founding member Dinesh Vaghela dies in Goa
Dinesh Vaghela, a founding AAP member, passed away in Goa. He was part of AAP's disciplinary committee. Last rites at St Inez Crematorium, as per the official website.
FOMC, FII action among 10 factors to impact D-Street movement this week
Nifty down 2.1% due to selling in various stocks. IT stocks gained. Market to resume with focus on Fed's monetary policy, US Fed's interest rate decision, and other global events impacting trading. Arvinder Singh Nanda says "the broader index to likely face hurdle at 22,250-22,350 in the coming sessions, with support at 21900-21800."
Bond yields, FII action among 9 factors to impact D-Street movement this week
Nifty ended with weekly gains of 0.75% with leadership taken by banks, auto and metals. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-shortened week are likely to impact them.
NRL executes longest horizontal drilling for crude oil pipeline project
Numaligarh Refinery Limited (NRL) has achieved a milestone by successfully executing one of the longest Horizontal Directional Drilling (HDD) projects in the Subansiri River, connecting Lakhimpur and Majuli in Assam, as part of its crude oil pipeline project. The project is a part of the 'Numaligarh Refinery Expansion Project (NREP)', which involves laying a 1,635km pipeline from Paradip Port in Odisha to Numaligarh in Assam, alongside expanding the refinery's capacity from 3.0 MMTPA to 9.0 MMTPA.
As economy flies high, so does corporate air travel: Business flyers pass pre-Covid numbers
Executives at airlines and travel companies said increased activity among IT, mechanical, banking services, and pharmaceutical companies is driving the trend. At a time when fares are rising amid capacity cuts by airlines, the growth trend in corporate travel is seen to be stickier than that in the more price-sensitive leisure travel segment.
Fence, patrol track being built along Myanmar border: Amit Shah
Union Home Minister Amit Shah announced the decision to fence the entire 1,643-km India-Myanmar border to enhance border security and end the Free Movement Regime. The Modi government aims to build impenetrable borders by constructing a fence and paving a patrol track for better surveillance. A 10-km stretch in Manipur is already fenced, with pilot projects underway in Arunachal Pradesh and Manipur, and further approvals for fencing in Manipur.
C-suite hiring: Experts remain divided on when and where hiring wave will start
Decoding the senior leadership hiring trends has revealed that there is expected to be an uptick of over 14-15% in CXO-level hiring in 2024. However, CXO hiring is predicted to remain weak in the first half of the next fiscal year. Sectors such as Pharma, BFSI, and industrial products are experiencing higher demand for leadership, while education and e-commerce have seen a decrease in demand.
Top consumer goods companies flag impact of see-saw movement of commodity prices
The country’s largest consumer goods manufacturer, HUL said categories like health food drinks and coffee are reporting increased inflation impacting volume recovery while in tea consumers are downgrading due to the price difference between premium and plain tea. The company has termed this as an 'inflation deflation cycle'.
Infosys loses senior executive Binny Mathews to Accenture
Mathews, who was with Infosys for over 15 years and was a senior vice president and group head of procurement before joining Accenture on January 3, 2024, joins the list of senior executives leaving Infosys since last year.
How hiring and firing changed in the corner office in 2023 and what to expect in 2024
2024 will see a boom in senior hiring, if there are no other black swan moments. Funding will increase, start ups will see renewed energy , and focus and also learn from past mistakes. The Indian economy especially post the election results will see a big boost and this will result in Indian companies hiring bigger global leadership for new business to lead their ambitious growth plans.
Court tells ED to release Vivo executives arrested in December
The order on Saturday upheld the stance of the executives that the detention of interim CEO Hong Xuquan, chief financial officer Harinder Dahiya and tax consultant Hemant Munjal was illegal, since they were given the grounds for arrest and presented in court 24 hours after their arrest, violating Section 19 of the Prevention of Money Laundering Act (PMLA).
2023 Year in Review | who’s in, who’s out: the biggest executive moves in Indian tech & startup sector
ETtech has put together its annual list of executive changes and big movements in the startup and tech industry in collaboration with executive search firm Longhouse Consulting.
Add Adani stocks on every dip, IREDA has fundamentally strong business model: Deven Choksey
“FMCG companies right now are priced adequately and there is little less headroom available. Unless the market gives some meaningful sharp correction in a given period, one would not buy immediately or wait for time corrections and then buy with a future outlook on FY25-26 earnings that would be more meaningful going forward.”
Commercial vehicles set for heavy-duty FY24 sales, revenue expected to rise 30%
Sales of heavy duty trucks that can carry more freight has grown in healthy double digits - by 15% in the first seven months of the year, said Vinod Aggarwal, president of the Society of Indian Automobile Manufacturers (SIAM) and VE Commercial Vehicles (VECV) chief executive officer and managing director. VECV is a joint venture between the Volvo Group and Eicher Motors.
From 'Nanny' to master negotiator: How SAG-AFTRA president Fran Drescher helped actors land a lucrative labour deal
Drescher framed her actions as part of a broader labor movement battling Corporate America, where, in her view, executives place Wall Street's approval and their own compensation ahead of the welfare of workers.
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