RAJAN GUPTA
Paytm stock slides after COO exit; India’s first microcontroller chip
Shares of Paytm parent One 97 Communications fell 5% on Monday after its president and chief operating officer Bhavesh Gupta resigned. More on this in today’s ETtech Top 5.
Exclusive: WeWork Inc to sell entire stake in India unit
US office sharing company WeWork is selling its 27% stake in the India unit via a secondary deal. We have this evening scoop and more in today’s ETtech Top 5.
Peak XV MD Piyush Gupta to leave VC fund
Piyush Gupta is a managing director at Peak XV Partners, based out of Singapore. While he is not directly involved in making investments for the fund, he led the team which helped the firm's portfolio companies in several aspects including fundraising, mergers and acquisitions.
Who is Pradeep Sharma sentenced to life imprisonment in 2006 fake encounter case
Former Mumbai Police 'encounter specialist' Pradeep Sharma has been sentenced to life imprisonment by the Bombay High Court for his involvement in the fake encounter killing of Ramnarayan Gupta in 2006. This marks the first conviction of police officers in a fake encounter case in India. The court condemned the police officers' misconduct, stating that they had misused their position and emphasized the need to address deaths in police custody. Sharma, known for his efforts against the Mumbai underworld, has faced controversy and was dismissed from service in 2008 but later reinstated.
Pradeep Sharma: Bombay HC sentences ex-cop to life imprisonment in 2006 fake encounter case
Pradeep Sharma, a controversial encounter specialist from the famed 1983 batch (known for their crackdown against Mumbai's underworld via encounters) was once the poster boy of the Mumbai police, with 56 encounters to his credit. Sharma, on whose life Bollywood hit 'Ab Tak Chappan' was loosely based was dismissed in 2008.
Pro-Khalistani-gangster nexus similar to Dawood-Chhota Rajan rivalry that led to '93 blasts, NIA probe finds
The two main gangs at loggerheads now are those of Lawrence Bishnoi and Kaushal Chaudhary, similar to the rivalries of underworld dons Dawood and the now jailed Chhota Rajan. The federal agency is investigating more than a dozen cases involving terrorist-gangster syndicates and PKEs and have arrested more than 45 suspects. ET joins the dots.
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RBI gives nod to CS Rajan’s appointment as Kotak Mahindra Bank’s part-time Chairman
The Reserve Bank of India has approved the appointment of CS Rajan as the part-time Chairman of Kotak Mahindra Bank for a two-year term starting January 1, 2024. Rajan, an IAS officer of the 1978 batch, currently serves as an Independent Director on the bank's board and retired as the Chief Secretary of the Government of Rajasthan in 2016. He replaces Prakash Apte, whose term expires on December 31, 2023.
Marico board reappoints Saugata Gupta as MD, CEO; Rajan Mittal joins board as Independent Director
The board of Marico, in its meeting held on Friday, approved "re-appointment of Saugata Gupta as the Managing Director & Chief Executive Officer for a term of two years w.e.f. April 1, 2024 to March 31, 2026." He had joined Marico in 2004 as the Head of Marketing and was elevated to CEO of India Business in 2007. In 2014, he took over as Managing Director of the company.
Orient Electric MD & CEO Rakesh Khanna resigns, Rajan Gupta to take over
Rajan Gupta has been appointed Managing Director and CEO of Orient Electric Ltd, succeeding Rakesh Khanna who held the position for eight years. Gupta's appointment is set to be ratified by shareholders from 4 April 2023, and he will be with the company for five years. Gupta was previously MD and CEO of Hathway Cable and Datacom, and prior to that worked at Tata Telecom, Hindustan Coca Cola and Asian Paints. Orient Electric is part of the C K Birla Group, with interests in fans, lighting, home appliances and switchgear.
Social media addiction turning into a mental health challenge
An 18-year-old youth was taken to the Central Institute of Psychiatry (CIP) in Kanke, Ranchi, by his family. They complained that he was not attending college since the last two months, he felt afraid in leaving the house, and had stopped eating and drinking for the last 4-5 days. They added that even after a lot of persuasion, they could only manage to get 2-4 spoonfuls of food in his mouth.
Shuchi Patni of Wonder Cement buys Shanti Niketan property for Rs 84 crore
Over the past one year, the wealth of HNIs has increased and some of this is spilling over into the real estate sector, leading to a surge in purchase of super luxury homes. Experts said the scarcity of such properties available for outright sale near Lutyens’ zone, coupled with increasing demand for such bungalows, will ensure that prices remain high despite market fluctuations in other parts of Delhi.
NAREDCO appointed Alok Gupta as the new Director General
NAREDCO established under the aegis of the Ministry of Housing and Urban Affairs, Government of India, functions with transparency and ethics in real estate business and transforms the unorganized Indian real estate sector into a matured and globally competitive business sector.
Anil Gupta of KEI Industries buys Shanti Niketan property for Rs 140 crore
Anil Gupta has paid Rs 8.4 crore as stamp duty for the deal that got registered on October 8. As per the circle rate, the value of the property was Rs 103 crore but has been sold at the higher rate suggesting demand for high value property in the region.
Delhivery appoints three new independent directors to board ahead of IPO
Ex-JPMorgan Kalpana Morparia, former IndusInd Bank CEO Romesh Sobti, and Marico MD Saugata Gupta have joined Delhivery’s board of directors ahead of an IPO. Former PwC India head Deepak Kapoor has been appointed as the chairman of the board.
Omaxe sells commercial, housing properties worth Rs 2,051 cr last fiscal
Realty firm Omaxe has sold properties worth Rs 2,051 crore in 2020-21, up 18 per cent from the previous fiscal, mainly on the back of better demand for its commercial projects in the national capital and Chandigarh.
Omaxe sells commercial, housing properties worth Rs 2,051 cr last fiscal
Realty firm Omaxe has sold properties worth Rs 2,051 crore in 2020-21, up 18 per cent from the previous fiscal. Out of the total sales bookings, about 70 per cent contribution came from commercial projects in Delhi and new Chandigarh. The remaining sales came from housing projects at Ludhiana, Lucknow and New Chandigarh.
The man who got Joseph Stiglitz and Amartya Sen to know Bihar well
Talking about economics, society and politics of Bihar, Shaibal-da would coin new idioms to define the paradox that is Bihar.
Former Star and Disney head Sanjay Gupta to head Google India
A post graduate from the Indian Institute of Management (IIM) Kolkata, Gupta is an engineer from Delhi College of Engineering. Gupta joins Google from Star and Disney India where he was the Managing Director. He also had stints at HUL and Bharti Airtel as Chief Marketing Officer.
N R Wasan appointed DG of Police Research & Development Bureau
In another appointment, Indian Postal Service (IPoS) officer Sheuli Burman has been appointed as the CVO in the Indian Telephone Industries.
Trai dismisses claims of bias as 'Baseless'
COAI today said its members are evaluating legal options and may also approach the DoT and the PMO on their grievances against the regulator's decision on predatory pricing.
Investors unwind! Saif Partners host a founders' retreat in Goa
A weekend retreat in the land of sun, sand and sea to unwind is just what the investors ordered.
Crofarm gets Rs 5 crore seed in Pre-Series A
Crofarm offers a digitised supply chain for agricultural products by bringing farmers and retailers on a common platform.
Net neutrality 2.0: Eye on traffic management
An internet service provider may regulate the amount of bandwidth available to you depending on whether you are just sending an email or playing a multiplayer online game.
Sensex set for biggest quarter since Modi’s 2014 election win
The S&P BSE Sensex climbed 0.7 percent at 11:03 a.m. in Mumbai, taking its gain since the end of March to 6.3 percent. The advance is the biggest since the 14 percent rally in the period ended June 2014.
Maturity of power projects a complex issue: Rajan Kumar Gupta, Haryana government
In an exclusive interview with ET Now, Rajan Kumar Gupta, Additional Chief Power Secretary, Government of Haryana, says states need less barriers in sector of power trading.
ET GBS: Google India Head Rajan Anandan asks industry and policy makers to focus on software development
Anandan asked the country’s tech industry and policy makers to focus on areas in which India can emerge as a world-class and competitive destination.
Kishore Biyani on the macro environment in India and its impact on entrepreneurship
At a recent discussion, Kishore Biyani chided the startup generation for ideas that can’t grow beyond Rs 50 lakh-1 cr.
Fed rate hike, earnings, Bihar polls to drive Indian markets: BofA
Moreover, even if the Fed delays, the RBI is unlikely to wait until December as deflationary pressures are picking pace, the report added.
Ten startup artistes who are using their failed ventures as proverbial stepping stones
It's easy to talk about failures once you’ve entered the billionaire brat pack, but, another thing to fail and find the confidence all over again.
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