Page 2 - Ceos

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

PM Modi courts top global executives for investment in oil, gas sector

Prime Minister Narendra Modi on Tuesday courted top oil and gas executives, showcasing opportunities the world's fastest growing economy offers and the reforms that his government has made particularly in exploration and production. Modi met about 20 top executives of firms ranging from ExxonMobil and BP to QatarEnergy and French giant TotalEnergies, discussing energy scenarios as well as investment opportunities, sources in know of the development said. He referred to the recently launched exploration licensing round to seek global giants to invest in finding and producing oil and gas in the country. The sources said he spoke on reforms in the oil and gas sector, including a shift from purely revenue-based bidding for oil and gas areas to a exploration-focussed bidding. India is the world's third largest energy consumer and imports 85 per cent of its needs. The government wants to increase the domestic production to cut imports. Indian CEOs attending the meeting included Vedanta

Latest X-ray to ease passenger check-in, says Noida airport CEO Schnellmann

Among India's network of airports, a clash has already been foretold between a newbie in Jewar, Noida, and the veteran in neighbouring Delhi

Business leaders leave Davos to game out 2024 geopolitical scenarios

Many CEOs and executives told Reuters they foresee an upbeat U.S. economy in 2024, but are concerned about China and Europe, and the impact of unexpected global shocks on inflation

CEOs fear for their firms in pre-Davos survey as AI, climate risks rise

Advancements in generative AI were top of the concerns for most survey respondents, with almost 75% predicting it would significantly change their business in the next three years

PM Modi meets top CEOs, discusses made-in-India vehicles to green hydrogen

Prime Minister Narendra Modi on Tuesday met some of the top global CEOs on the sidelines of the Vibrant Gujarat Summit as he lured investments across sectors to boost the economy and create jobs. A day before inaugurating the Vibrant Gujarat Global Summit on January 10, the prime minister met executives of Suzuki Motor Corp, Micron Technology and AP Moller and discussed industry issues and investment opportunities. Modi and Toshihiro Suzuki, Representative Director & President, Suzuki Motor Corp, "discussed Maruti Suzuki's plans to make India a strong player in the global automotive market by exporting Made in India vehicles, along with deploying global best practices related to vehicle scrapping and vehicle recycling into India," the Prime Minister's Office said in a post on X. Maruti Suzuki is looking to set up a second car manufacturing plant in Gujarat. This will be the firm's fifth plant in the country. "Mr. Sanjay Mehrotra, the President and CEO of Micron Technology, held a .

TMS Ep597: CEO poll, key events of 2024, markets, Op Prosperity Guardian

How do Indian CEOs see 2024 playing out? What will be the key events to look forward to in 2024? Which key events will shape the markets in 2024? What is Operation Prosperity Guardian? Answers here

India inc CEOs expect higher capital expenditure, value-added exports

Top executives from leading companies in the power and steel sector - JSW Steel and NTPC, also indicated a strong capex cycle is likely to continue

Zee Entertainment seeks deadline extension for finalising Sony merger deal

While the merger between the two companies received the requisite approvals, differences cropped up over who would helm as the chief executive officer of the merged entity