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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

We're reimagining retail for next 500 mn Indians: CityMall CEO Angad Kikla

E-commerce platform CityMall is reimagining retail for a massive, underserved population in Bharat struggling to access everyday essentials that are both affordable and aspirational, says co-founder and CEO Angad Kikla. India's food and grocery market is a USD 600 billion opportunity. Yet over 93 per cent of this market is still served by unorganised kirana stores and less than 2 per cent is captured by e-commerce, Kikla told PTI. The absence of a technology-led model, rich with data insights and real-time updates that remove inefficiencies, means choices are limited for small-town consumers, who may be often end up overpaying for inconsistent quality, he explained. That's where his company, which focuses on 500 million new to internet users living in small cities, towns, and villages in India, comes in. By removing inefficiencies, aggregating demand, and leveraging technology, we're not just making e-commerce accessible to Bharat, we're making it the most affordable way to shop fo

Siddaramaiah launches real-time 'CM Dashboard' for development monitoring

The 'Chief Minister's Dashboard' (CM Dashboard), a platform that provides real-time, integrated insights into key development indicators across Karnataka was launched on Friday. It was launched by Chief Minister Siddaramaiah during the review meeting with Deputy Commissioners of all districts and CEOs of all Zilla Panchayats at Vidhana Soudha, the seat of the state legislature and secretariat here. The dashboard, developed in-house by the Centre for e-Governance (CeG), is now functionally complete and hosted under the domain cmdashboard.karnataka.gov.in. This platform provides real-time, integrated insights into key development indicators across Karnataka, enabling data-driven governance and decision-making at the highest level, an official release said. The dashboard is built using a microservices-based architecture, ensuring scalability and ease of integration, and the data is integrated via APIs (Application Programming Interface) from various departments, eliminating manual ...

Tata Digital CEO Tahilyani resigns after a year, joins Prudential

Tahilyani, who joined Tata Digital in February 2024, exits after restructuring leadership and growing the firm's financial offerings including a booming credit card base

ONDC appoints COO Vibhor Jain as acting CEO as leadership reshuffle deepens

ONDC names Vibhor Jain as acting CEO with immediate effect, concluding the Executive Committee's interim oversight as the platform continues its search for a new CEO

Real estate major Puravankara Group's CEO Abhishek Kapoor steps down

Abhishek Kapoor resigns as CEO of Puravankara; group signs JV for 24.59-acre land in North Bengaluru with 3.48 mn sq ft saleable area and ₹3,000 crore development value

Who is Greg Abel, Warren Buffett's chosen heir at Berkshire Hathaway?

Greg Abel, a Canadian executive with deep roots in energy and a long tenure at Berkshire, is set to succeed Warren Buffett as CEO of the conglomerate in 2025

Kohl's CEO fired over secret business deal tied to romantic partner

Kohl's chief executive Ashley Buchanan is dismissed for violating 'code of conduct' involving multimillion-dollar deal with consultancy connected to former colleague Chandra Holt