GROUP CHIEF EXECUTIVE OFFICER
Padmanabhan named COO for GroupM South Asia
Ashwin Padmanabhan appointed COO for South Asia, leading key practices and driving investments. He aims for long-term success and optimization for GroupM clients, while Praseed Prasad becomes Chief Growth Officer to oversee growth and marketing strategies.
Haryana assembly polls: First session of BJP executive meeting begins in Panchkula
On Saturday, the first session of the BJP's extended state executive meeting began in Panchkula to strategize for the upcoming Haryana assembly elections. The event was attended by Union Education Minister Dharmendra Pradhan, election in-charge for Haryana, co-in-charge Biplab Kumar Deb, Chief Minister Nayab Singh Saini, his predecessor and Union minister Manohar Lal Khattar, and senior leader Saudan Singh.
Rs 2,000-crore new terminal of Guwahati airport to open in April 2025: official
The Adani Group-run Lokpriya Gopinath Bordoloi International Airport in Guwahati will shift to its new terminal by April 2025. It has been delayed by design changes The airport aims to be India's most efficient terminal at a cost of over Rs 2,000 crore. The new terminal will accommodate 13.1 million passengers annually, increasing runway capacity and introducing amenities like an MRO facility, helipad, and cargo market to establish the airport as an international hub for South East Asia.
New home supply falls 13 pc in Apr-Jun as builders launch fewer projs due to polls: PropEquity
PropEquity data shows that new housing supply in April-June is estimated to fall to 97,331 units across nine major cities as against 1,11,657 units in the year-ago period.
Cleartrip appoints Anuj Rathi as chief business and growth officer
Anuj Rathi has been appointed as the chief business and growth officer of Cleartrip, Flipkart's travel booking unit, replacing Ayyappan R. He announced this in a LinkedIn post on Thursday.
Axis Bank’s retail head quits; new compliance chief named
Sumit Bali, the group executive for retail lending at Axis Bank, resigned from his role on Wednesday.
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IT companies go startups way, appoint chief growth officers
Facing a cautious market and clients tightening their purse strings, IT companies are adopting a strategy from startups and web commerce: creating a new C-suite role – the chief growth officer (CGO).
Unacademy’s Hemesh Singh joins other founders who donned non-executive roles
Unacademy's Hemesh Singh on Saturday stepped down as CTO of the company, moving to an advisory role. This is one of the many top-deck changes reported in startups over the past year. Here's a look at some of the key changes announced by startups in their leadership.
Air India announces launch of non-stop services between Bengaluru and London Gatwick from August
With Bengaluru becoming the fifth Indian city to be connected to the UK's second-largest airport, Air India has announced that it will start non-stop services between Bengaluru's Kempegowda International Airport and London Gatwick (LGW), starting August 18 this year.
Akasa Air expects Boeing 737 MAX 10 deliveries by 2027
Indian carrier Akasa Air anticipates receiving Boeing's 737 MAX 10 aircraft by summer 2027, according to CEO Vinay Dube. The airline, which ordered 150 737 MAX narrow-body planes in January, including MAX 10 and MAX 8-200 versions, currently operates a fleet of 24 aircraft, all 737 MAX models.
Islamabad High Court stays execution of five former Pakistan Navy officers
Islamabad High Court (IHC) Judge Babar Sattar on Tuesday issued the written order for the hearing held a day earlier on the request of Navy officers who said they were not provided legal assistance during the general court-martial order, Dawn News reported.
Kotak Bank's credit profile to improve over next 12 months: S&P
Despite the Reserve Bank of India's (RBI) restriction on onboarding new customers online and issuing fresh credit cards, Kotak Mahindra Bank is expected to improve its credit and funding profile over the next 12 months, according to S&P Global Ratings analyst Nikita Anand. Although the restrictions may impact the bank's growth and profitability, particularly in its high-yielding credit card segment, the bank has made significant technological advancements, including hiring a Chief Technology Officer.
Cashfree appoints ex-Razorpay executive Harsh Gupta as CRO
Cashfree will also see another transition in its organisational structure with Arun Tikko, the chief business officer, being elevated to a bigger role to lead the international expansion of its business across new markets. Harsh Gupta will now focus on the company's market growth, revenue operation and market expansion in India.
InCred Capital appoints Julius Baer India’s Vikram Agarwal as chief operating officer
InCred Capital appointed Vikram Agarwal as its COO, who brings extensive experience from Julius Baer India to lead various functions at the Mumbai-based company.
The rising importance of the chief trust officer
Businesses are emphasizing trust by appointing a Chief Trust Officer (CTrO) to oversee trust-building initiatives. This role involves assessing trust levels within and outside the organisation, focusing on domains like corporate culture, compliance, and customer experience.
Delhi prepared for Lok Sabha elections with special initiatives, free rides and discounts
To boost voter turnout, the Chief Electoral Office has partnered with Rapido to offer free rides home after voting. Voters will also receive special coupons from Zomato and Swiggy, and various restaurants will provide discounts upon showing voting ink.
Air India names Tata Projects' Sanjay Sharma as new CFO
Air India has named Sanjay Sharma as its new chief financial officer, succeeding Vinod Hejmadi who retired after a long tenure with the airline now owned by Tata. Sharma brings over 30 years of experience in Corporate Finance, Investment Banking, and Real Estate, having held key finance positions at Tata Projects Limited and other reputable organizations. He will report to Air India's CEO & MD, Campbell Wilson.
Mahindra XUV 3XO inspires jaw-dropping custom designs: How CEO Anand Mahindra and team reacted?
Anand Mahindra recently shared impressive custom renders of the Mahindra XUV 3XO on social media, created by the Instagram handle @nstreet_design. These designs, featuring a modern and robust aesthetic, caught significant attention, including that of Mahindra himself and Pratap Bose, Chief Design and Creative Officer at Mahindra & Mahindra. The customizations, which include a soft blue hue with black accents and large bronze alloy wheels, have sparked excitement among enthusiasts, showcasing the versatility and style of the new XUV 3XO.
Gensol Engineering appoints Shilpa Urhekar as Chief Executive Officer of Solar EPC (India)
Shilpa Urhekar appointed as CEO of Solar EPC at Gensol Engineering, with a focus on strengthening India's solar EPC sector. Her experience includes successful project management and growth strategies.
Delhivery’s chief business officer Sandeep Barasia exits after nearly a decade
New-age logistics firm Delhivery reported a net loss of Rs 68 crore for the January-March quarter, slipping back into the red after posting a profit after tax of Rs 12 crore for the December quarter. On a year-on-year basis, the net loss was down 57%.
CapitaLand India Trust (CLINT) appoints Gauri Shankar Nagabhushanam as Chief Executive Officer-Designate.
Gauri Shankar Nagabhushanam is set to become the Chief Executive Officer of CapitaLand India Trust (CLINT) in August 2024. He brings over 20 years of experience in real estate private equity, fund management, and corporate finance. Previously, he served as CEO of India Business Park at CapitaLand Investment, overseeing the growth of business parks in India. Gauri holds a Master's in Finance from the London Business School and has worked with companies like Ascendas-Firstspace, Deloitte, TAIB Bank, and Samba Financial Group.
Wipro elevates Vinay Firake to head APAC, India, Middle East and Africa
Vinay Firake appointed CEO APMEA at Wipro, succeeding Anis Chenchah. Srini Pallia leads. Delaporte resigned, Hari Shetty elevated. Chenchah supports till May 31, 2024. Firake's educational background includes Wharton and Harvard Business School.
Hero Moto to make 'big strides' in FY25 through EV product launches in mid & affordable segment
Hero MotoCorp announced plans to introduce electric variants in the mid and affordable segments, expressing optimism for the year ahead. CEO Niranjan Gupta highlighted upcoming product launches, including Xoom scooters, in the ongoing fiscal year. The company anticipates industry growth supported by stable commodity prices, a normal monsoon, and increased government spending.
Bombay High Court grants bail to IFIN chief executive Ramesh Bawa
While the Serious Fraud Investigation Office (SFIO) is probing Il&FS for alleged irregularities under Companies Law, the Enforcement Directorate (ED) is investigating a case of money laundering. K Ramanand, the erstwhile MD of ITNL and Arun Saha, former joint director of IFIN, were arrested by ED.
Waaree Energies appoints Amit Paithankar as CEO
Waaree Energies has appointed Amit Paithankar as its new CEO, bringing over two decades of experience to the Mumbai-based renewable energy firm. Paithankar, previously with Emerson Electric, will drive growth and innovation in the renewable energy sector. With Waaree operating multiple solar module manufacturing facilities in India and internationally, Paithankar aims to contribute to the company's goal of providing sustainable energy solutions in a rapidly evolving solar industry.
Zee Media Corporation terminates CEO Abhay Ojha
Zee Media Corporation Ltd announced the termination of its CEO Abhay Ojha, effective from May 4, 2024. The company's Board of Directors approved and confirmed Ojha's cessation of employment and his consequent removal as CEO. The reasons for his termination were not disclosed. Ojha had been promoted to CEO last year after joining Zee Media in 2022 as Chief Business Officer.
RBI allows Ujjivan Small Finance Bank to rope in former SBI veteran as MD & CEO
The Reserve Bank of India has approved Sanjeev Nautiyal as the Managing Director & CEO at Ujjivan Small Finance Bank for three years, effective from July 1, 2024. Nautiyal, with over three decades of banking experience, will hold the position of President before officially assuming his role, subject to shareholder approval. Ujjivan praised Nautiyal's leadership qualities and strategic retail banking expertise, expressing confidence in his ability to further the bank's mission of financial and digital inclusion.
Unlocking organizational potential: The role of chief executive officers (CXOs) in the digital era
Chief Experience Officers lead digital transformation to enhance customer engagement. Collaborating with C-suite executives and leveraging emerging technologies, CXOs drive innovation and deliver exceptional value to customers, shaping the future of business.
Allcargo Group appoints Ketan Kulkarni Chief Growth Officer
Ketan Kulkarni appointed as Allcargo Group's Chief Growth Officer to empower flagship businesses, enhance partnerships, and drive synergistic growth by leveraging the existing network for higher market share and operational efficiency.
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