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Breaking the glass ceiling: Why Kim Kyung-Ah's Samsung CEO role matters

Kim Kyung-Ah's appointment as CEO of Samsung Bioepis breaks an 86-year tradition, making her the first woman outside the founding family to lead a Samsung company

Odysse to give 40,000 EVs to Zypp as investment deal, says CEO Nemin Vora

City-based electric two-wheeler maker Odysse Electric on Monday said it has secured an order for 40,000 vehicles from EV-as-a-Service platform Zypp Electric as part of an investment deal. Zypp's investment is expected to bolster Odysse Electric's B2B market presence and support the expansion of its dealership network nationwide, the company said without disclosing the nature or quantum of investment. The 40,000 electric vehicles are to be supplied over the period of the next three years, Odysse said. "The new investment in Odysse Electric signifies a pivotal moment. Zypp Electric's deep industry expertise and vision of fleet electrification will significantly accelerate our nationwide expansion plans underscoring the robust B2B and consumer demand for electric vehicles," said Nemin Vora, CEO, Odysse Electric. By increasing production and enhancing distribution capabilities, Odysse aims to increase its production capacity to meet the rising demand for clean and efficient mobility an

'AI could replace CEOs': Shankar Sharma cautions IT sector to face reality

While the ace investor acknowledged that AI is still in its nascent stage, it is here like a 'foreign hand' conspiracy theory that has plans to 'snatch food away' from Indian youth's table

Asset quality headwinds, CEO extension concern worry IndusInd Bank

Amid headwinds, the bank faces uncertainty over CEO extension

Shashwat Sharma to take over as MD, CEO of Airtel; Vittal named vice-chair

Gopal Vittal elevated to Bharti Airtel vice chairman, will remain MD

RBI approves Pranav Chawda's appointment as JP Morgan Chase Bank India CEO

J P Morgan Chase Bank India on Wednesday said it will elevate Pranav Chawda as its chief executive officer. The unit of American banking major J P Morgan said it has received the Reserve Bank's approval for Chawda's appointment as the CEO of the banking entity in India. Chawda joined J P Morgan in 2019, and has been heading the commercial banking vertical. His responsibilities will now get expanded, under which he will also head the corporate banking entity, as per an official statement. In order to improve client experience, the entity is integrating its commercial and corporate banking in India, which is also in line with the firm-wide announcement early this year. "As CEO of our banking entity, Pranav's experience and deep understanding of the local market will enable him to play a pivotal role in driving corporate banking business forward," J P Morgan's senior country officer and vice-chairman for Asia Pacific Kaustubh Kulkarni said. He added that the entity is looking to ...

Major shakeup at Disney: New chair named, CEO replacement coming soon

Disney is navigating major changes in entertainment as streaming, led by Disney+ turning profitable, thrives, while the movie industry faces a downturn

Prasun Sikdar appointed as MD, CEO of Bima Sugam India Federation for 3 yrs

Sikdar's appointment as MD and CEO was approved by the Insurance Regulatory and Development Authority of India

Mkt regulator Sebi approves appointment of Vijay Chandok as new NSDL head

Chandok currently serves as the MD & CEO of ICICI Securities, the broking and investment banking arm of ICICI Bank

Rediff.com appoints Vishal Mehta as chairman and managing director

Mehta is also the chairman and managing director at Infibeam Avenues

Sony Pictures names TV head Ahuja CEO after Vinciquerra steps down

Ahuja came to Sony after a career in television management at the Fox networks and Walt Disney Co, here, he's overseen production of award-winning series like The Crown, The Boys, The Last of Us, etc.

AI Express-AIX Connect merger key in transformation journey: Wilson

The merger of AIX Connect with Air India Express is an important milestone in the transformation journey of Air India Group and the merged entity will cater to the growing air travel demand, Campbell Wilson said on Tuesday. Wilson is the Managing Director and Chief Executive Officer of Air India as well as the Chairman of Air India Express. Aviation regulator DGCA has approved the merger of AIX Connect with Air India Express, which will now focus on future growth and transformation agenda, according to a release. The merged entity will operate under the 'Air India Express' name and a unified airline code 'IX'. With the merger completed, Air India Express will focus on a future growth and transformation agenda. "About a year ago, we started the integration of AIX Connect and Air India Express, bringing the two organisations together behind a common brand. "Alongside, we worked on the complex integration exercise culminating today in the operational and legal merger of the two ...

13 candidates in fray for PNB top job; FSIB may hold interviews next month

Among the contenders are two executive directors (EDs) from Bank of Baroda, one ED each from Union Bank of India, Indian Overseas Bank, and Canara Bank, and several deputy MDs from SBI

NCLAT junks plea of Liberty Shoes' former CEO seeking ease of norms

Appellate tribunal NCLAT has dismissed the petition of Adesh Kumar Gupta, former CEO and Executive Director of Liberty Shoes, seeking an exemption from minimum shareholding norm to file a case of oppression and mismanagement against the company. Gupta has 5.83 per cent shareholding in Liberty Shoes. He was removed as an executive director of Liberty Shoes on September 30, 2023 and ceased to be the chief executive officer (CEO) of the company. However, the company informed the stock exchange about his removal from the board on November 21, a day after the Chandigarh bench of the National Company Law Tribunal (NCLT), on November 20 last year, dismissed his earlier plea. Gupta then moved NCLAT and sought a waiver under section 244 of the Companies Act in order to file a petition under Section 241, alleging oppression and mismanagement against him by the majority promoter block on the board. As per norms, a plea alleging oppression and mismanagement under Section 241 should be backed

Nokia denies report on moves to replace president, CEO Pekka Lundmark

"The Board fully supports President and CEO Pekka Lundmark and is not undergoing a process to replace him," Nokia said in a statement

Accenture elevates Arundhati Chakraborty as group CEO of operations

Yusuf Tayob, who will leave the role as group chief executive of Operations to become the global Communications, Media, and Technology (CMT) industry practices chair at Accenture

UKG names Jennifer Morgan as new CEO, Nitin Chandel to lead India business

UKG (Ultimate Kronos Group) on Monday announced the appointment of Jennifer Morgan as its new CEO, and Nitin Chandel as the new Group Vice President and Country Manager for India. UKG is a provider of HR, payroll, and workforce management solutions. It serves 80,000 businesses across more than 150 countries. Morgan succeeds Chris Todd, who stepped down earlier this month. She holds over three decades of experience in the enterprise software industry, having served as global head of portfolio operations at Blackstone, and co-CEO at SAP. Morgan told PTI that she envisions scaling the company's operations in India and growing UKG's India headcount by a third in FY25, building on the "strong base" of 3,000 employees. Currently, UKG's solutions are used by over 1 million employees in India across sectors like manufacturing, IT, BPO, retail, IT, and healthcare, she said. In 2020, Ultimate Software and Kronos merged in a USD 22 billion deal and rebranded as -- UKG (Ultimate Kronos Group)

Starbucks CEO to travel 1,600 kms to work by corporate jet

Starbucks’ incoming CEO, Brian Niccol, will commute nearly 1,600 kms to work in Seattle from his home in California. Watch the video to know more.

Indian diaspora in US top contributors in politics, economic growth & tech

Influence of the Indian diaspora in the US extends from driving economic growth to enriching cultural diversity, contributing more than $300 billion annually in tax revenues to the federal treasury

Starbucks names Chipotle's Brian Niccol as CEO amid activist pressure

Niccol replaces Laxman Narasimhan, who was tapped in 2022 from Lysol maker Reckitt to undertake a "reinvention" of the world's biggest coffee chain