INDIAN CEO
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.
Number of women in top roles rises slower than number of women in company boards
A paper by NCAER economists Ratna Sahay, Navya Srivastava, and Mahima Vasishth has documented these findings while highlighting the progress and shortcomings in gender diversity since the April 2015 mandate, the report said. This paper will be presented at the India Policy Forum.
Why Indian IT companies are moving into New Jersey
Top Indian IT companies are zeroing in on New Jersey as its hub, with their top executives and a majority of Indian-origin engineers who work in the US making the city their base. India is New Jersey’s second-largest foreign direct investor and a majority of New Jersey’s immigrant population hails from India.
Skoda Auto CEO's strategy for Indian market: Humility, learning, customer focus and a new partner
Skoda Auto's CEO Klaus Zellmer highlights India's pivotal role in the company's global strategy, noting it as the most attractive and competitive auto market. With a robust development base in Pune, Skoda plans to leverage India's potential for expansion into ASEAN and the Middle East.
Microsoft CEO Satya Nadella applauds team India's T20 World Cup win, calls for more cricket matches
Satya Nadella, CEO of Microsoft, celebrated India's thrilling victory over South Africa in the T20 World Cup final with a heartfelt tweet, emphasizing the need to expand cricket to new venues like the West Indies and USA. Nadella, known for his passion for cricket, expressed admiration for the intense final and congratulated both teams. His tweet quickly became one of his most liked posts, highlighting his deep connection to the sport. Nadella's public support for cricket reflects how the game's values of teamwork and leadership have influenced his own career trajectory.
Nikesh Arora: Meet the Indian-origin CEO earning more than Google’s Sundar Pichai, Microsoft’s Satya Nadella
The report from data analytics firm C-Suite Comp featured two lists based on different metrics: "total compensation granted" in 2023 and "compensation actually paid." Sundar Pichai of Google and Satya Nadella of Microsoft, despite their prominent positions and successful years, did not appear on either list. Nikesh Arora is the only Indian-American to make it to the list of the top 10 highest-paid CEOs in the United States. Here's all you need to know about the Indian-origin CEO .
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Bangladesh PM Sheikh Hasina in India, meets S Jaishankar, Indian CEOs
PM Hasina arrived in India earlier today on a State visit from June 21 to 22 at the invitation of Prime Minister Narendra Modi. Following the meeting, Jaishankar said that the Bangladesh PM's State visit highlights "close and abiding ties" between the two countries.
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.
Indian CEOs hold AI governance crucial for AI adoption, innovation: IBM study
The global study of 3,000 CEOs across 30 countries and 26 industries highlighted the significance of AI governance for Indian business leaders. The study shows, 7 out of 10 Indian CEOs surveyed said tat trusted AI is only possible when you have effective AI governance in organisations. The study revealed that 49% of Indian CEO said they are hiring for Gen AI roles that did not exist till last year.
IndiGo bets on affordable long-haul plan: CEO Pieter Elbers
IndiGo, known for its single-class model, is shifting to dual-class to cater to India's growing air travel market. With rising affluence, more Indians are exploring international travel, a trend IndiGo aims to capitalize on. Managing operations at Delhi airport's three terminals is challenging but supported by the government's vision for aviation. Hosting IATA's AGM in 2025 showcases India's aviation potential. IndiGo's strategy reflects its belief in India's growth, aiming to offer affordable fares and quality service to a broader range of travelers.
WWDC 2024: How this 22-year-old Indian developer amazed Apple CEO Tim Cook
At WWDC 2024, Apple CEO Tim Cook met Akshat Srivastava, a 22-year-old student from BITS Pilani, Goa, who was recognized for his innovative app, MindBud, in the Swift Student Challenge. Inspired by his childhood and moments with his nephew, MindBud features mini-games that foster creative and analytical thinking in kids. Tim Cook praised Akshat and other Indian developers for their contributions to technology.
Axiscades Technologies to supply drone systems to Indian Army under Rs 100 crore order
Axiscades Technologies announces a Rs 100 crore order to deliver Man Portable Counter Drone Systems to the Indian Army. The system, capable of operating on battery and main power supply, can detect and jam various drones up to 5 kilometers away. The company plans to complete all deliveries by 2024. CEO Arun Krishnamurthi highlights the innovation in providing advanced security solutions to meet the armed forces' needs.
See policy continuity even with coalition government: Gokul Laroia, CEO, Morgan Stanley Asia
Morgan Stanley's Asia CEO Gokul Laroia discussed Indian elections, markets, and risks with Nishanth Vasudevan before an investor conference.
HUL elevates Arun Neelakantan to the role of exec director, customer development
Hindustan Unilever Limited (HUL) has appointed Arun Neelakantan as the new executive director, customer development, effective July 1st, 2024. Neelakantan, who started his career in 2006 as Key Account Manager in Modern Trade, has a strong track record in customer development and marketing. He has led large teams and changed agendas across various trades and channels.
PNB MetLife names Sameer Bansal new MD and CEO
PNB MetLife India Insurance has appointed Sameer Bansal as the new managing director and chief executive, effective July 1. Bansal, with over 25 years of financial services experience, succeeds Ashish Srivastava. Srivastava will now head New York-based MetLife Inc’s global shared services team in India. The appointment is subject to regulatory approvals.
Lok Sabha results googly may unsettle Indian companies unfamiliar with coalition pitch
Post-election, certain Indian businesses face uncertainty after years of stability under Modi's single-party majority. Concerns arise about decision-making and reforms as BJP's weaker mandate shifts dynamics. Industry veterans note silence from typically vocal business leaders, who now await potential changes in the new cabinet amid speculations about Modi's altered work style.
Vistara nimble enough to make course corrections: CEO Vinod Kannan
Vistara CEO Vinod Kannan stated the airline is agile in making adjustments during disruptions, as it navigates its merger with Air India. The carrier aims for growth through the merger, emphasizing the importance of full service carriers in India's market. Kannan expects the merger to be finalized by year-end, pending NCLT approval.
Air India in 'good position', to retrofit over 100 planes: CEO Campbell Wilson
Air India is set to retrofit over 100 planes, with a focus on integration, growth, and customer experience under Chief Campbell Wilson's leadership. The airline is ordered 25,000 new seats as part of its fleet revamp. Tata Group's aviation business consolidation sees AIX Connect merging with Air India Express and Vistara. Wilson emphasizes Air India's transformation plan, highlighting the airline's flexibility and potential partnerships.
Here's how much top IT CEOs got paid in FY24
Indian IT services company leaders saw a rise in annual compensation amidst industry challenges. Infosys CEO Salil Parekh's remuneration increased by over a sixth to Rs 66 crore. LTI's CEO Debashis Chatterjee's total compensation grew by 10% to Rs 19.34 crore.
Travel demand to outpace supply for next decade: Yezdi Nagporewalla
But you will always have a mismatch between demand and supply and it is largely because the hospitality sector is interdependent on other aspects like infrastructure, like hygiene, like safety, and those aspects. So, the entire ecosystem actually has to fall into play to make it comparable with developed places.
Orient Electric appoints Ravindra Singh Negi as Managing Director and CEO
Orient Electric, part of the $3 billion CK Birla Group, has appointed Ravindra Singh Negi as its managing director and CEO, effective May 31, 2024. Negi, with extensive experience in electrical consumer durables, will guide the company towards sustained growth. He will be based in New Delhi and succeed Deepak Khetrapal as managing director.
Amitabh Bachchan consoles Kavya Maran as crying SRH CEO becomes meme material after IPL defeat
SRH failed to amass a substantial total on the scoreboard, marking the first instance of a team being bowled out in an IPL final, which unfolded on Sunday night. Their batting effort yielded only 113 runs in under 20 overs, all wickets falling victim to KKR's bowlers. This dismal performance marked SRH's third-lowest total in IPL history and the lowest ever recorded in an IPL final. KKR effortlessly chased down the modest target of 114, losing just two wickets along the way, clinching the IPL 2024 title with a commanding victory, securing the cup with 10 overs to spare.
Ashok Leyland to unveil 5-6 new products under LCV segment: MD
Earlier today, Ashok Leyland announced a 16.73 percent rise in consolidated net profit, reaching Rs 933.69 crore in the January-March 2024 quarter, compared to Rs 799.87 crore recorded in the corresponding period of the previous fiscal year.
Indian Overseas Bank plans to open 88 new branches in FY24
Indian Overseas Bank is set to establish 88 new branches across India in FY24. The bank recently opned a new branch in Nagapattinam and its 126th ATM in Puducherry. Managing Director and CEO Ajay Kumar Srivastava said that the bank's expansion strategy aimed to serve unbanked rural areas with innovative products. The bank's total business has surpassed Rs 5 lakh crore.
Bengaluru Dosa, Delhi Bhature, Mumbai's Pav Bhaji: Google's Sundar Pichai shares favourite Indian food
In a recent interview with Varun Mayya, Google's Sundar Pichai shared his favorite Indian dishes from Bengaluru, Delhi, and Mumbai. He also discussed his success philosophy, emphasizing deep understanding of concepts. Drawing from the movie "3 Idiots," Pichai highlighted the importance of genuine comprehension over surface-level knowledge for achieving real success.
Meet world's second highest-paid CEO Nikesh Arora, the Indian-born executive who earns Rs 1,257 crore
Nikesh Arora, CEO of Palo Alto Networks, emerged as the second highest-paid CEO in the US in 2023, with a total compensation of $151.43 million. The Wall Street Journal's report highlighted the strong presence of Indian-descent executives among high earners, with 17 making it into the top 500. Shantanu Narayen of Adobe followed closely behind Arora at number 11, with earnings of $44.93 million.
Swiggy, Meesho investor Prosus and parent Naspers name Fabricio Bloisi as CEO
Fabricio Bloisi appointed chief executive of Prosus and Naspers, succeeding Bob van Dijk. Bloisi, current CEO of iFood, a food delivery business in Latin America, will start on July 1. Interim CEO Ervin Tu has been appointed president and chief investment officer. Outgoing CEO Dijk oversaw Prosus's 2019 IPO and the stock's upbeat performance during the pandemic.
Dubai CEO sparks debate by advising students to choose universities with fewer Indians
Dubai-based CEO has ignited a debate online with her controversial advice for Indian students considering higher education abroad. In a post on X, Shreya Pattar, founder of Shreya Pattar Ventures, suggested that students should prioritise international universities with fewer Indian students to avoid what she described as "toxic Indian patterns."
Channi's remark on Poonch terror attack in violation of poll code, says Punjab CEO
Punjab CEO criticizes Channi for terming terror attack a 'poll stunt', violating code of conduct. Channi accused BJP of staging attacks during elections. Sibin C reported the violation to Election Commission.
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