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Foxconn names Robert Wu as India head; V Lee moves to global role

Apple vendor Foxconn has elevated India representative V Lee to a global role for business development, and has moved Sharp CEO Robert Wu to lead operations in the country, according to official information. Under Lee, Foxconn India business crossed USD 20 billion and the headcount of the company grew close to 80,000. Foxconn India Representative has been changed due to regular rotation reasons. Foxconn India Representative is now Robert Wu, effective this week. Prior to this role, Mr Wu was CEO of SHARP Corp, a Foxconn subsidiary in Japan that is known for over a century of technological innovation, according to information from Foxconn. Foxconn India Representative is the company's most senior representative role in the country for Foxconn Headquarters. According to a social media post, Lee has been appointed Assistant Vice President in the Chairman's Office, as Business Development at Hon Hai Technology Group (Foxconn). Lee served as India Representative for over four years. Wu

Air India teams up with Singapore Airlines to boost safety: CEO Wilson

Air India is working on improving the reliability of its aircraft, collaborating with Singapore on industry best practices and retrofitting legacy planes, its CEO Campbell Wilson told staff on Friday. After the fatal crash of its Boeing 787-8 aircraft that killed 260 people on June 12, the Tata Group-owned airline has come under increased regulatory oversight and the carrier is pursuing efforts to stabilise its operations. During a townhall with the employees, Wilson said the airline has started the retrofit of its wide-body fleet and the first legacy Boeing 787-8 plane, sent for retrofit to the US last month, will join back the fleet by December this year, according to sources. The airline has 26 legacy Boeing 787-8 planes and all of them are expected to be retrofitted by June 2027. The retrofit of all legacy 27 A320 neo aircraft will be completed by September 2025. Against the backdrop of some Air India aircraft facing technical snags, Wilson told the staff that the carrier is ..

Trump demands 'conflicted' Intel CEO's resignation over China links

The company pleaded guilty in July to violating US export controls by selling hardware and software to China's National University of Defense Technology

Manappuram Fnance names Deepak Reddy as new CEO to lead growth phase

Gold loan financier Manappuram Finance on Friday announced the appointment of Deepak Reddy as its chief executive officer with immediate effect. He has over three decades of extensive experience in leading diverse business verticals and managing human capital across financial institutions, Manappuram Finance said in a statement. Before joining Manappuram, Reddy was associated with Bajaj Finserv Ltd for over 17 years, where he played a pivotal role in the company's transformational journey, it said. As the CEO, Reddy will be primarily responsible for steering the company and its subsidiaries through the next phase of growth and innovation, including strengthening the company's core businesses of gold loans, vehicle finance, microfinance, MSME loans, housing finance, and digital lending.

Shailesh Jejurikar becomes first Indian to lead 187-year-old P&G

Currently chief operating officer, Jejurikar will succeed Jon Moeller as chief executive officer and become the first Indian to lead Procter & Gamble in its history

P&G names Shailesh Jejurikar as CEO, Amit Shah on Pahalgam terror attack, Beijing floods & more

Shailesh Jejurikar has been named the next CEO of Procter & Gamble, becoming the first Indian to lead the global consumer goods giant.

Alessandro des Dorides resigns as Nayara CEO; Sergey Denisov to take charge

The reshuffle at the top is the latest disruption for the company since the EU announced a new round of sanctions last Friday directed at Russia over its war in Ukraine

Patrik Antoni to be new CEO of Ikea India as Susanne Pulverer resigns

IKEA India, part of leading Swedish home furnishings retailer, on Tuesday announced the appointment of Patrik Antoni as its next CEO. Antoni, whose appointment will be effective from August 2025, will also work as Country Retail Manager & Chief Sustainability Manager (CSO), IKEA India said in a statement. He will replace incumbent Susanne Pulverer, current Country Retail Manager & CSO, who has decided to leave her role at IKEA. She was associated with IKEA for 28 years and has spent over eight years in India in three stints. "Antoni will lead the company's ambitious growth plans in India, leveraging his 20-plus years of IKEA experience and deep knowledge of the total IKEA value chain. In this new structure, the CEO will take on holistic responsibility for retail operations in India and common topics across Ingka companies," it said. Antoni has experience in India, including a 5-year stint as Deputy CEO, which will enable him to navigate the market's unique opportunities and ...

HDFC Bank CEO sees tailwind from lower CD ratio, strong deposit growth

CEO Sashidhar Jagdishan says merger synergies, reduced credit-deposit ratio and aggressive but prudent deposit growth put HDFC Bank on strong footing for FY26-27

Hospital chain Ujala Cygnus appoints Nitin Nag as MD & CEO eyeing expansion

Most recently, Nag was Chief Operating Officer (COO) at Cloudnine Hospitals, where he led national expansion, introduced new services, and helped revive underperforming facilities

WPP appoints Microsoft's Cindy Rose as new CEO to drive turnaround

Rose, 59, will take on the role leading the advertising group beginning Sept.1, the company said in a statement on Thursday

Digital Connexion appoints CR Srinivasan as CEO to lead AI growth plans

Digital Connexion, a provider of scalable data centre, colocation and interconnection solutions, on Thursday announced the appointment of CR Srinivasan as its Chief Executive Officer (CEO). Digital Connexion is a joint venture (JV) between Brookfield Asset Management, Reliance Industries Limited and Digital Realty. It is investing in over 140MW of AI-ready data centre capacity across Chennai and Mumbai in its first wave of investment to meet growing hyperscale and enterprise demand, according to a company release. Announcing Srinivasan's appointment, Digital Connexion said he brings over three decades of experience across the telecom, IT, cybersecurity, and digital services sectors. India has the second-largest number of active internet users globally, and with its domestic Artificial Intelligence (AI) market projected to more than triple to USD 17 billion by 2027 as per estimates, it is seen as one of the fastest-growing AI economies globally. With digitalisation at the centre sta

Karnataka Bank's MD, ED resign; bank forms panel to find replacements

Following the departure of the MD&CEO and ED, the bank has formed a search committee to identify suitable candidates for both roles

Tesla executive Omead Afshar, Elon Musk confidant, leaves company: Report

Afshar, who was part of the CEO's office at Tesla, had started overseeing sales and manufacturing operations in Europe and North America last year

Unilever proposes Peter ter Kulve as CEO of listed ice cream unit

TMICC is home to six of the world's top 10 ice cream brands, including Ben & Jerry's, Cornetto and Wall's, and generated turnover of 8.3 billion euros ($9.59 billion) in 2024

Renault's CEO search includes insider Le Vot, Stellantis' Picat: Analysts

Renault shares fell as much as 8 per cent on Monday, their biggest one-day percentage drop since February 2022, as investors worried about the company's future without de Meo at the helm

Nvidia's Jensen Huang says quantum computing nears key breakthrough

Huang's forecast marks a change in tone from January, when he said that "very useful" quantum computers, which are still largely used by researchers, were likely still decades away

Polygon appoints Sandeep Nailwal as CEO, signals founder-led reboot

Sandeep Nailwal will lead the Polygon Foundation with a product-first vision, focused on scaling Agglayer, evolving Polygon PoS, and boosting ecosystem value

Sat Pal Bhanoo takes interim charge as LIC MD & CEO for three months

Following Siddhartha Mohanty's term completion, Sat Pal Bhanoo has been given interim charge as LIC MD & CEO for three months or until a new incumbent is appointed

Infosys CEO's compensation rise 22%; among highest paid Indian IT chiefs

Infosys CEO Salil Parekh's pay rose to ₹80.58 crore in FY25, despite slow growth in the IT industry