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A British Indian expert in the field of philanthropy and large-scale events was on Wednesday named as the chief executive of British Asian Trust, a charity founded by King Charles to tackle poverty, inequality and injustice in South Asia. Hitan Mehta, awarded an OBE in the King's 2023 New Year Honours List in recognition of his years of service to Britain's South Asian community, played a key role in establishing the British Asian Trust as its first-ever employee. Over the past 18 years, London-based Mehta has worked closely with King Charles III, who founded the charity as the Prince of Wales in 2007 and continues as its founding patron. It is an honour to step into this role at such a pivotal moment for the British Asian Trust. As we enter an important period of global and UK diaspora engagement, I am deeply grateful to our trustees, our royal founding patron, and our valued partners and supporters for their continued confidence in our mission," said Mehta, formerly the charity's
Reliance Retail Ventures Ltd, the holding entity of the country's leading retailer Reliance Retail, has appointed former Flipkart executive Jeyandran Venugopal as its President & CEO. In his new role, Venugopal will work closely with Isha Ambani, Executive Director of RRVL and the Leadership Team of Reliance Retail, under the overall guidance of Mukesh Ambani and Manoj Modi. Venugopal, who has 25 years of global leadership experience across retail, e-commerce, technology, and business transformation, will strengthen the retail portfolio, accelerate omnichannel growth, and drive technical and operational excellence across the value chain at Reliance Retail. Earlier, Venugopal worked with Walmart's e-Commerce platform Flipkart, where he most recently served as Chief Product and Technology Officer (CPTO), leading large cross-functional teams across Product, Engineering, Design, Data Science, IT, Security, and Infrastructure. Venugopal, whose career reflects managing ...
Prosecutors say Luigi Mangione, accused of killing the CEO of UnitedHealthcare on a Manhattan sidewalk, has inspired others to embrace violence over reasoned debate. As evidence of Mangione's growing influence, prosecutors cited the last month's deadly mass shooting at the National Football League headquarters. The prosecution outlined the threat in a filing late Wednesday on a procedural matter in federal court in Manhattan, where they plan to try to convince a jury that Mangione deserves death. No federal trial date has been set. Mangione, who pleaded not guilty to state and federal charges, was arrested five days after the Dec. 4 killing of CEO Brian Thompson. He is being held without bail in a federal jail in Brooklyn. US Attorney General Pam Bondi announced in April that she was directing federal prosecutors to seek the death penalty for an act of political violence and a premeditated, cold-blooded assassination that shocked America. In their filing Wednesday, prosecutors wro
NTPC Green Energy board on Saturday appointed Sarit Maheshwari as the Chief Executive Officer with immediate effect. The board of directors of the company in its meeting on Saturday approved cessation of Rajiv Gupta as Chief Executive Officer (Key Managerial Personnel), with effect from May 10, 2025, a regulatory filing said. According to the filing, the board of directors has approved the appointment of Sarit Maheshwari as Chief Executive Officer of the company with effect from May 10, 2025. He has 35 years of experience in the power sector and was associated with NTPC as Head of Project Korba, it said.
Noting that the average pay for CEOs in India has reached USD 2 million a year, a new study by research and advocacy group Oxfam said the average pay for global CEOs surged by 50 per cent in real terms since 2019, against a 0.9 per cent hike in average worker's wages. Every hour, billionaires pocket more wealth than the average worker earns in an entire year, the analysis said, underlining that the average gender pay gap in 11,366 corporations worldwide narrowed slightly from 27 per cent to 22 per cent between 2022 and 2023 -- yet their average female employee still effectively works for free on Fridays, while their average male employee is paid through the week. "This is a 50 per cent real-term increase from USD 2.9 million in 2019 (adjusted for inflation) -- a rise that far outpaces the real wage growth of the average worker, who saw a 0.9 per cent increase over the same five-year period in countries where CEO pay data is available," the analysis said. Ireland and Germany have som