Page 3 - Ceos

70% CEOs ramping up tech investments to improve biz in next 1 year: Report

EY's CEO Outlook Pulse Survey 2024 said that 80 per cent of the CEOs surveyed were optimistic regarding their companies' revenue prospects

India Inc wants new govt to create jobs, control inflation: BS CEO poll

Business honchos say focus should also be on infrastructure and health care

CEOs of S&P 500 got hefty pay raises in 2023, widening gap with workers

The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 13 per cent last year, easily surpassing the gains for workers at a time when inflation was putting considerable pressure on Americans' budgets. The median pay package for CEOs rose to USD16.3 million, up 12.6%, according to data analyzed for The Associated Press by Equilar. Meanwhile, wages and benefits netted by private-sector workers rose 4.1% through 2023. At half the companies in this year's pay survey, it would take the worker at the middle of the company's pay scale almost 200 years to make what their CEO did. CEOs got rewarded as the economy showed remarkable resilience, underpinning strong profits and boosting stock prices. After navigating the pandemic, companies faced challenges from persistent inflation and higher interest rates. About two dozen CEOs in the AP's annual survey received a pay bump of 50% or more. In this post-pandemic market, the desire is for boards to ..

86% of executives have deployed AI to enhance revenue: Global TCS study

Companies realising that being 'AI mature is a marathon, not a sprint', it says

Prestige Estates' CEO Venkata Narayana K resigns, firm outlines roadmap

Venkata Narayana K became CEO of Prestige Estates in August 2017, following his tenure as chief financial officer and company secretary

Ireland becomes second EU state with no women leading listed companies

Only 8% of CEO positions at the largest listed companies in the EU28 in 2023 were women

Expect to log a record profit this time: J&K Bank CEO, MD Baldev Prakash

Baldev Prakash, is quite reasonably a happy man. Prime Minister Narendra Modi too recently praised the turnaround due to government efforts

Expat impact: The story of India Inc's brushes with expat CEOs a mixed bag

Will it help to simply focus on the best person for the job?

Foxconn considers rotating chief executives in management reshuffle

For companies around the world, the rotating chief executive structure is uncommon, but analysts say it can promote teamwork and prevent leadership from becoming entrenched

Paytm PB's MD, CEO Surinder Chawla resigns on account of personal reasons

Beleaguered Paytm Payments Bank's managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on Tuesday. Chawla's resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI. "Surinder Chawla, Managing Director and CEO of PPBL has tendered his resignation on April 8, 2024, on account of personal reasons and to explore better career prospects. He will be relieved from PPBL w.e.f. close of business hours on June 26, 2024, unless changed by mutual consent," One97 Communications, Paytm brand owner, said in a regulatory filing. Chawla joined PPBL in January last year.

Average CEO compensation in India up 40% as compared to pre-Covid: Survey

In the last four years, the average compensation of promoter CEOs had jumped more than that of the professional ones: Deloitte India survey

Edtech firm Aakash Educational Services appoints Deepak Mehrotra as CEO

The appointment of Deepak Mehrotra is part of AESL's strategic vision to enhance its offerings and expand its reach, the company said

Wipro CEO Pallia has challenging tasks cut out in reviving firm's fortunes

Wipro's new CEO Srinivas Pallia, who took over the reins from Thierry Delaporte, has challenging tasks cut out in reviving the company's fortunes, retaining key leaders and restoring morale as he faces tough quarters, weak global cues and discerning shareholders at the USD 11 billion IT services firm, industry watchers say. Some analysts believe that the outgoing CEO, Paris-based Delaporte whose five-year tenure came to an abrupt end with his resignation on Saturday, could not effectively address many operational and leadership issues at the multi-billion dollar IT powerhouse, that had been lagging peers on performance and operational metrics quarter-after-quarter. "The morale has been sapped out of Wipro for a year now, and this change in leadership is at least six months overdue," Phil Fersht CEO of HFS Research said in a note. Fersht noted that the new CEO will need to "nail down" his plans quickly, give the firm renewed direction, and convince key stakeholders he is the right ..

NIIT appoints Pankaj Prabhakar Jathar as new CEO with effect from July 1

NIIT Ltd on Monday announced the appointment of Pankaj Prabhakar Jathar as its new Chief Executive Officer. The appointment shall be with effect from July 1, 2024, the company said in a regulatory filing. Jathar replaces Sapnesh Lalla who will continue to serve as non-executive director at NIIT Limited and remain CEO of NIIT Learning Systems. Gurgaon-based NIIT is a skills and talent development company offering online & offline training courses. NIIT shares closed 2.03 per cent down at Rs 110.75 on BSE.

Veteran dealmaker Atul Mehra joins Axis Capital as managing director & CEO

Atul Mehra is a veteran dealmaker with over three decades of experience and was the joint MD at JM Financial

Should companies keep the public informed about the health of their CEO?

When and how much should CEOs disclose health-related challenges? Do key management personnel have the right to privacy? These questions often crop up

Indian entrepreneurs are among the best in world, says Naspers CEO

Complimenting the Indian entrepreneurs as among the best in the world, a top CEO of a South African global company has said India and South Africa are at the forefront of digital transformation and jointly harnessing the power of technology. Phuti Mahanyele, CEO of Naspers South Africa, a global technology investment group, which has huge investments in India as well, was speaking at an event on Friday evening. The event organised to present awards to ten women in different fields on International Women's Day was jointly hosted by the Consulate General of India, the India Business Forum, and the Johannesburg Indian Women's Association, an organisation of spouses of Indian diplomats and expats working in South Africa, which engages in charitable projects. We believe that Indian entrepreneurs are among the best in the world, with exceptional ability to build products at scale and at value, Mahanyele said, adding that she had observed during a visit to Delhi in November last year how

Only 1.6% of cos listed on Fortune India 500 have women at helm: Study

A mere 1.6 per cent of companies listed on the Fortune India 500 have women at the helm, while the figures stand at 5 per cent for the Fortune India Next 500, according to a study. The study -- 'Enhancing Women Leadership in India Inc' -- conducted jointly by Fortune India and SP Jain Institute of Management and Research sheds light on the persistent gender gap in leadership roles within Indian industries. Supported by the Women and Child Development Ministry and Bill and Melinda Gates Foundation, the study engaged 130 industry leaders, with a representation of 54 per cent female and 46 per cent male CEOs, in 16 roundtable discussions across Delhi-NCR, Mumbai, Kolkata, and Bengaluru. Additionally, a survey questionnaire was distributed to Fortune 500 companies for their insights. Women and Child Development Minister Smriti Irani unveiled the findings of the study on Monday. A key finding of this study is the industry leaders' recognition of the government's decade-long efforts to

Conscious call not to accept high cost deposits, says HDFC Bank CEO

HDFC Bank shares came under pressure after the Oct-Dec earnings numbers due to slower than expected growth in deposits and compression in net interest margin

In next 4-5 years, we aim capex of Rs 1,500 cr: Biocon's Siddharth Mittal

Siddharth Mittal outlines the growth strategies and challenges ahead