Laxman Narasimhan, the CEO of Starbucks, has stepped down from his role. While Narasimhan’s departure came as a surprise to many, there is a growing trend among Indian chief executives being ousted from US companies. Watch the video to know the reason.

Laxman Narasimhan, the CEO of Starbucks, has stepped down from his role. While Narasimhan's departure came as a surprise to many.

Why did Starbucks sack Indian-origin CEO Laxman Narasimhan?

The company currently produces around 25 crore units a month and is expanding its ground and first-floor production facilities to meet rising demand

As a result of heightened geopolitical tensions, US tariff policy and other external headwinds, the investors are in a cautious and wait-and-watch mode, the report noted

Tariffs are not impacting our industry directly in the sense that they impact goods and services, says Gangadharan

According to the report, key supply chain segments, such as printed circuit boards, printing and packaging, molded and mechanical components

In a historic reshuffle, ministries set to leave Raj-era buildings for new spaces rising along Kartavya Path

The Haryana government on Monday decided to equip all public transport vehicles with vehicle location tracking devices (VLTDs), an official statement said.
The decision, expected to strengthen the safety of women and children in the state, was taken during a state transport department meeting chaired by Chief Minister Nayab Singh Saini.
He emphasised that department- or district-wise targets should be set to ensure timely completion and directed the officers to integrate this system with the emergency response service '112'.
This initiative is expected to be a milestone in establishing a safe transport system for women in the state, the statement said.
The VLTD system, developed by the Ministry of Road Transport and Highways under the Nirbhaya framework, offers real-time location data and emergency alert features.
Expressing concern over road accidents, the CM directed the officials to conduct A thorough investigation of each accident so that the shortcomings can be addressed to .

The decision, expected to strengthen the safety of women and children in the state, was taken during a state transport department meeting chaired by Chief Minister Nayab Singh Saini

The Mumbai Metropolitan Region Development Authority (MMRDA) on Friday presented a Rs 40,187 crore-budget for the megapolis.
Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement. The revenues have been estimated at Rs 36,939 crore, and the body chaired by Deputy Chief Minister Eknath Shinde will be borrowing Rs 22,000 crore.
This will result in a budget deficit of Rs 3,249 crore, which the body plans to bridge through land sales, issuance of bonds, financial assistance from the government, and loans from financial institutions, the statement said.
The ongoing metro line projects have been earmarked Rs 10,969 crore of expenditure in the new fiscal, which is a fourth of the overall expenditure..
Over Rs 5,697 crore have been allotted for multiple tunnel projects which are going across the megapolis, with Rs 2,684 crore earmarked for the four-lane road running under the Sanjay Gandhi National 

Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement

The Rajya Sabha on Thursday returned the Finance Bill 2025 to the Lok Sabha, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements, thus completing the 2025-26 budgetary exercise that started on February 1.
The House also returned the Appropriation Bill (3) with a voice vote.
Earlier in the day, Finance Minister Nirmala Sitharaman had moved the two bills in the House.
The Lok Sabha had passed the Finance Bill on March 25 and passed the Appropriation Bill on March 21.
Replying to the debate later in the evening, she said the tendency of the finance ministry would be to exercise caution and not let go of revenues.
"But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax," Sitharaman said.
The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent ov

The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 trillion, an increase of 7.4 per cent over the current fiscal

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Why did Starbucks sack Indian-origin CEO Laxman Narasimhan?

Laxman Narasimhan, the CEO of Starbucks, has stepped down from his role. While Narasimhan’s departure came as a surprise to many, there is a growing trend among Indian chief executives being ousted from US companies. Watch the video to know the reason.

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