Page 4 - Resignations

NARCL MD & CEO Natarajan Sundar quits, Canara Bank CGM on deputation

Sundar was with State Bank of India before taking charge at NARCL

Vogt resigns as CEO of Cruise over questions of safety of self-driving cars

Kyle Vogt has resigned as CEO of Cruise, General Motors' autonomous vehicle unit, as questions build about the safety of self-driving cars. Vogt's decision to step down, announced late on Sunday, follows a recent recall of all 950 Cruise vehicles to update software after one of them dragged a pedestrian to the side of a San Francisco street in early October. The California Department of Motor Vehicles revoked the license for Cruise. The company earlier announced it had paused operations for a review by independent experts. The results of our ongoing reviews will inform additional next steps as we work to build a better Cruise centred around safety, transparency and trust, the company said in a statement. We will continue to advance AV technology in service of our mission to make transportation safer, cleaner and more accessible. Cruise won approval to transport fare-paying passengers last year. Since then, the autonomous vehicles have drawn complaints for making unexpected, ...

Wipro is not alone, several Indian IT companies are facing a CXO churn

As experts at predicting business and industry growth, some CXOs might decide to switch companies or even sectors, or explore newer markets, innovative offerings, and fresh business models

Over a dozen employees at realme India quit to join former CEO Sheth

Over a dozen employees, including some senior executives, are learnt to have resigned from smartphone maker realme India, two sources aware of the development said. Both sources confirmed that the employees have quit to join former realme CEO Madhav Sheth in his new organisation Honor Tech. "There is Mass resignation at Realme India as several employees, including top directors, have joined Madhav Sheth at Honor Tech," according to a source. Senior officials who have resigned include former Realme Director Sales Dipesh Punamiya, who joined as AVP at Honor Tech in July. An email query sent to realme did not elicit any reply. Realme co-founder Sheth resigned from the company last month after five years of stint to start a new venture related to exports.

Pernod Ricard's India head of corporate affairs Yashika Singh quits

Singh, who headed corporate affairs for the Indian market, with focus on regulatory matters, including related to manufacturing and government policy, resigned last week

AI threatens jobs but more than a quarter of workers still plan to quit

The study found that more than one in four (26%) unspecialised office workers, like administrative assistants, are looking to change jobs in the next 12 months, up from 19% a year ago

Toxic bosses biggest reason for Indian employees quitting jobs: Report

86% of employees state that they plan to leave their jobs in the coming six months citing toxic bosses, hostile work environments, and low wages their reason shows Harappa Insights report

Mamata demands Shah's resignation over comments in Birbhum rally last week

Last week, at a rally, Shah had said that if BJP wins in 35 out of 42 seats in the state in the 2024 Lok Sabha elections, then the Trinamool Congress government will collapse even before 2025

South Indian Bank plunges 17% as MD & CEO opts out of reappointment

The board said it considered the request of Murali Ramakrishnan, Managing Director & CEO, not to offer himself for re-appointment due to personal reasons/family circumstances.

Five senior executives leave Nykaa; company calls it business as usual

Nykaa rivals conglomerates such as Tata and Reliance both of which have interests in the beauty products industry

New Zealand PM Jacinda Ardern resigns, says won't seek re-election

Ardern doesn't have the energy or inspiration to seek re-election later this year, she told reporters Thursday in Napier where her Labour Party is holding a caucus meeting

Suhail Sameer steps down as Bharatpe CEO; Nalin Negi to be interim leader

Fintech has sued a former co-founder, has seen exit of other senior executives over the months

Zomato co-founder, chief technology officer Gunjan Patidar resigns

His exit is the latest in a string of high-profile resignations in recent times

Xiaomi India's Chief Business Officer Raghu Reddy resigns: Report

Reddy, who spent more than six years at Xiaomi India, was elevated as Chief Business Officer for its India operations in February 2020

Mahua Acharya resigns as managing director, CEO of state-owned CESL

Mahua Acharya, MD and CEO of state-owned Convergence Energy Services Ltd (CESL) has resigned from the top post. "This is to convey notice of my resignation from the post of Managing Director (MD) and Chief Executive Officer (CEO) of CESL including the post of Head Convergence as was originally advertised. In line with contractual requirements, my last day will be 13th January, 2023," she said in the resignation letter to Vishal Kapoor, CEO of parent firm EESL. Acharya further said she would also like to resign from the company's board as well and requested for appropriate resolution to be passed in this regard. However, she did not elaborate on the reasons for her resignation in the letter dated November 28. CESL is focused on delivering clean, affordable and reliable energy. It is a subsidiary of Energy Efficiency Services Ltd (EESL) -- a joint venture of public sector companies under Ministry of Power.

Four senior execs quit BharatPe, to pursue 'entrepreneurial passions'

Among the top brass leaving today were Vijay Aggarwal, Rajat Jain, Geetanshu Singla, and Nehul Malhotra

Another 1,200 employees quit Twitter amid mayhem after Musk's takeover

key infrastructure teams have been "decimated" at Twitter and Musk sent an email to employees asking them about the details regarding the underlaying technology.

Twitter's mass exodus of employees under Musk spurs fear site will decay

Multiple teams that were critical for keeping the service up and running are completely gone, or borrowing engineers from other groups, according to people familiar with the matter.

Zomato co-founder Mohit Gupta quits; third big exit in two weeks

Gupta was previously the chief operating officer for the travel company Makemytrip

Best people are staying, so I'm not super worried: Musk on Twitter exodus

Twitter's new owner Elon Musk has said that he is not super worried over the future of the social media giant as the best people are staying, after hundreds of employees appeared to have left the company following a deadline by him that they commit to what he has dubbed a "hardcore Twitter 2.0" or quit. Twitter fell into a pitless chaos after several employees appeared to have departed the company, which sent messages that it was closing its office buildings for the next few days. The best people are staying, so I'm not super worried, Musk tweeted in a response to a tweet by a user who said What do people mean when they say Twitter is gonna shut down? Doesn't it kinda run itself? I feel like engineers are for changes not to just keep it running? I also don't know anything. Hey @elonmusk wanna do a Twitter space with me? Im confused. In another tweet, Musk, the world's richest person, said And we just hit another all-time high in Twitter usage lol. Let that sink in The New York Tim