SENIOR MANAGEMENT
Senior citizens find a helping hand in tech startups wielding fintech tools
Startups are empowering senior citizens in India with digital financial services, including prepaid cards and digital gold investments. Investors are pouring millions into these ventures, recognizing the immense growth potential. Seniors are embracing online transactions and investments, proving age is no barrier to financial independence and tech-savviness.
Earn up to 9.4% interest rate on this corporate FD; check details
Shriram Finance offers higher fixed deposit interest rates for senior citizens and for women investors. The minimum tenure of a fixed deposit is 12 months, and the maximum tenure is up to 60 months.
Up, up and away! After pandemic, more senior citizens are packing travel bags
Post-pandemic, senior citizen travel surged. Thomas Cook launched packages with Sakura tour and 25% Europe travel growth. Domestic travel rose 15%. GenS app to offer immersive experiences. Silver Citizens group grew to 400. Increased cruising demand. Varanasi, Ayodhya, Shirdi, and more destinations saw double-digit flight booking growth. Rajeev Kale highlighted short-haul international travel.
Kathua ambush: Security forces intensify search operation
Senior police and BSF officials convened a high-level security review meeting in Kathua amidst increased militant activities in the Kathua-Udhampur-Doda belt of Jammu division. The meeting addressed fresh infiltration attempts and recent attacks, including the one in Badnota, Kathua, where five army personnel were killed.
Ashiana housing to double its annual senior living housing sales
Ashiana Housing, a listed real estate developer, is aiming to double its annual senior living housing sales to 1,000 units within four years. This comes in response to the post-Covid surge in demand, which has already increased their sales from 200 units to 450–500 units per year. The company reported a revenue of Rs 1,800 crore in FY 2023–24, a 50% increase from the previous year, and is targeting Rs 2,000 crore for the current financial year.
India Inc senior keen to book C-Suite for pros under 50
Traditional groups cap CXO age at 50. A mid-fifties candidate was overlooked. Younger CEOs/CXOs, preferred for tech adaptability post-pandemic, fit the 'sweet spot' age aiding old economy firms. Pawan Goenka noted internal grooming. Rajiv Dube favours longer terms. Young leaders, noted by Harsh Goenka and Claricent Partners, are ambitious and successful.
FD interest of up to 8.35% on senior citizen FDs maturing between one year and less than two years: List of banks offering best rates
Fixed deposit: Senior citizens can get upto 8.35% interest rate on FDs maturing between one year and less than two years. There are many private sector banks who are offering an FD of such high interest rate, so hurry up and book an fixed deposit with the banks offering such a high FD interest rate.
India Inc now picks its C-level champions from indoor pool
Indian companies like Mahindra and Aditya Birla Group are increasingly focusing on internal talent pipelines for leadership roles, showcasing a shift towards nurturing seasoned professionals for longer tenures within the organization.
A woman's place is in the boardroom
India Inc can attain gender parity by emphasizing middle managers through affirmative action in college and entry-level corporate hiring, ensuring a balanced representation at all levels for effective corporate governance.
FD interest rate of up to 8.05%: Best interest rates on senior citizen FDs maturing in three years
Fixed deposit interest rates: FDs are an good fixed income investment option for senior citizens. In light of this senior citizens can now take advantage of higher interest rates being offered by various private, public and foreign banks. Read here to know more about FD interest rate offered to senior citizens.
GIFT Nifty drops 50 points; here's the trading setup for today's session
Domestic equities ended the week near all-time highs despite election-related volatility. Analysts expect the upward bias to continue with focus on key economic data. State of the markets signals a negative start with Nifty futures trading lower at 23,267. India VIX rose to 16.88 levels. Brent crude futures slipped to $79.58 a barrel.
GIFT Nifty climbs over 150 points; here's the trading setup for today's session
Domestic stocks saw a significant bounce back as confidence surged following the reconfirmation of the NDA's third consecutive term in government. Yashovardhan Khemka, Senior Manager of Research & Analytics at Abans Holdings, noted that in the short term, the market will likely stay fixated on government formation, particularly watching for key cabinet appointments in Finance, Defense, Roads, Energy, Commerce, and Railways.
Managing finances after 80: Answers to three major personal finance questions for super senior citizens
As one ages, it becomes clear that the couple won’t leave the world together. Typically, the husband worries about the wife’s ability to manage money, while the wife worries about the husband’s ability to manage food and health. However, neither cooking, nor investing is rocket science, and it is never too late to learn these crucial life skills.
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.
Percentage of women in senior leadership roles increases to 18% in 2023 from 16% in 2016: Report
The report by LinkedIn and The Quantum Hub highlights that while there has been an increase in women joining the workforce, leadership positions still lack gender parity. The representation of women across the workforce rose to 26.8% in 2024, but senior leadership roles only account for 18.3%, showing a decline from the previous year. Industries like education and government administration have higher female leadership representation, while sectors like construction and utilities lag behind.
Prestige Estates CEO resigns, co rejigs senior management
Realty developer Prestige Estates has reorganized its senior management team in response to the resignation of its Chief Executive Officer (CEO), Venkata Narayana K, who is departing to establish a realty fund. Venkat took on the position of CEO at Prestige Estates in August 2017, following a 20-year tenure with the company during which he also served as Chief Financial Officer and Company Secretary.
NPCI beefs up infosec team with two senior appointments
NPCI appoints Benjamin Ambrose as CISO and Pravin Kumar as CMISO to enhance security and compliance. Formerly from Amazon and Citibank, they strengthen security standards, manage risks, and engage stakeholders for secure digital payment solutions.
Cleartrip CFO Aditya Agarwal steps down as top-level shakeup continues
Cleartrip's CFO Aditya Agarwal resigns amid Flipkart's senior management changes. Akshat Mishra to succeed him. Agarwal's key role in Cleartrip's integration into Flipkart highlighted. Former CEO Ayyappan R departing for consumer tech venture. Layoffs impacting 5-7% employees after Flipkart Group acquisition.
More and more Indian companies ramp up background checks on C-suite
Indian companies discreetly monitor CEOs and key personnel through ongoing background screening, focusing on governance, fraud risk, legal liabilities, and regulatory compliance, with costs ranging from ₹1.5-7 lakh.
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