Laxman Narasimhan, the CEO of Starbucks, has stepped down from his role. While Narasimhan’s departure came as a surprise to many, there is a growing trend among Indian chief executives being ousted from US companies. Watch the video to know the reason.

Laxman Narasimhan, the CEO of Starbucks, has stepped down from his role. While Narasimhan's departure came as a surprise to many.

Why did Starbucks sack Indian-origin CEO Laxman Narasimhan?

Three managers were dismissed for the violations, and a police report was filed against them

Taneira will close FY25 with 85 stores and plans to open 15-20 stores every year to take the total count to 125 by FY27

In 2024, NPCI issued 20 third party application approvals. This was much higher than three and four issuances in 2022 and 2023 respectively

Demonstration of seed germination in outer space, a robotic arm to catch a tethered debris there, and testing of green propulsion systems are some of the experiments planned on the POEM-4 -- the fourth stage of ISRO's PSLV rocket that remains in orbit after launching a satellite.
The PSLV-C60 mission, slated for an yearend launch, is scheduled to place the twin satellites 'Chaser and Target' to demonstrate the space docking technologies that are crucial for building India's space station.
The PSLV Orbital Experiment Module (POEM) will carry 24 experiments -- 14 from various ISRO labs and 10 from private universities and start-ups -- to demonstrate various technologies in space.
ISRO plans to grow eight cowpea seeds from seed germination and plant sustenance until the two-leaf stage in a closed-box environment with active thermal control as part of the Compact Research Module for Orbital Plant Studies (CROPS) developed by the Vikram Sarabhai Space Centre.
The Amity Plant Experimenta

The Amity Plant Experimental Module in Space (APEMS), developed by Amity University, Mumbai, plans to study the growth of spinach in a microgravity environment

Meghalaya lost over 84 sq km forest cover between 2021 and 2023, according to the latest India State of Forest Report (ISFR).
Except for Sikkim, which reported an increase of 2 sq km forest cover, all other states in the northeast region witnessed a reduction of the area under forests, it said.
The region, with 7.98 per cent of land area, collectively contributes 21.08 per cent of India's forest and tree cover, the ISFR, 2023, said.
Union Minister for Environment, Forest and Climate Change, Bhupendra Yadav, had launched the report at the Forest Research Institute in Dehradun on Saturday. It showed a nationwide increase of 1,445 sq km in total forest and tree cover recorded since 2021.
While the study did not specify what caused the loss of forest cover in Meghalaya, forest officials in the state said human activities, including agricultural expansion, increased settlement and infrastructure development are suspected to be the reasons.
The report also made mention about jhum ...

Except for Sikkim, which reported an increase of 2 sq km forest cover, all other states in the northeast region witnessed a reduction of the area under forests

As Punjab farmer leader Jagjit Singh Dallewal's fast-unto-death entered its 27th day on Sunday, doctors termed his health condition "critical".
Doctors attending to him at the Khanauri border protest site reiterated that Dallewal is at the risk of cardiac arrest and multi-organ failure.
Dallewal, 70, has been on a fast-unto-death at the Khanauri border point between Punjab and Haryana since November 26 to press the Centre to accept the agitating farmers' demands, including a legal guarantee for MSP on crops.
A statement issued by the Samyukta Kisan Morcha (Non-Political) and Kisan Mazdoor Morcha said following the advice of doctors, the veteran farmer leader did not come on stage on Sunday.
Due to the continuous hunger strike for 27 days, his immunity has become very weak, putting him at the risk of infection, the statement said.
"His hands and feet were cold. Starvation is adversely affecting his nervous system, and vital organs like liver and kidneys," a doctor who examined Dall

Doctors attending to him at the Khanauri border protest site reiterated that Dallewal is at the risk of cardiac arrest and multi-organ failure

The CII pointed out that despite being successful, the PSL framework required recalibration to stay relevant

The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, but a decision on big-ticket rate rationalisation, including a higher tax on sin goods, may be deferred.
The GoM on GST rate rationalisation had proposed rate rejigs in 148 items in its recommendations, but sources said that consensus is needed to be built on some of the tax changes that the panel has suggested and some more time may be needed for that.
The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is also likely to deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
The GST rate is also proposed to be cut on food delivery platforms like Swiggy and Zomato, to 5 per cent (without input tax credit), from the current 18 per cent (with ITC).
However, the Fitment Committee (comprising tax

Also, the Group of Ministers (GoM) on GST compensation cess is likely to get a six month extension till June, 2025, to submit its report. The compensation cess regime comes to an end in March, 2026

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Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

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Why did Starbucks sack Indian-origin CEO Laxman Narasimhan?

Laxman Narasimhan, the CEO of Starbucks, has stepped down from his role. While Narasimhan’s departure came as a surprise to many, there is a growing trend among Indian chief executives being ousted from US companies. Watch the video to know the reason.

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