KA Shabir, CEO, Funskool India | Photo Credit: BIJOY GHOSH The Indian toys sector, which has been heavily dependent on the US market for exports and was seeing strain after the US tariffs, sees the India-EU trade agreement as a positive development. “With tariffs on toys reducing from around 5 per cent to zero, Indian […]
Bengaluru-based listed real estate developer Puravankara Ltd plans to develop around 12–13 million sq ft of residential projects, with new launches across Bengaluru, Mumbai, Kochi and Coimbatore. Ticket sizes are expected to start at about ₹1.4–1.5 crore and go up to ₹11–13 crore for ultra-luxury homes, CEO-South, Mallanna Sasalu, told Hindustan Times Real Estate. Bengaluru-based […]
Apple Inc. has expanded the job of hardware chief John Ternus to include design work, solidifying his status as CEO Tim Cook’s most-likely successor. Apple hardware chief John Ternus. (Reuters) Cook, who has led the iPhone maker since 2011 and turned 65 in November, quietly tapped Ternus to manage the company’s hardware and software design […]
Shares of Eternal Ltd. surged to the highest in at least six weeks, a day after founder Deepinder Goyal decided to leave the corner office. Deepinder Goyal, founder of Zomato and outgoing CEO of Eternal. (HT) Eternal’s share price rose as much as 7.33% over previous close to an intraday high of ₹304.20 on the […]
Deepinder Goyal is stepping down as the group chief executive officer of Eternal Ltd., according to a regulatory filing on Wednesday. Blinkit’s Albinder Dhindsa will be succeeding him with immediate effect. Deepinder Goyal, founder and outgoing CEO of Eternal Ltd. (X/@sharktankindia) “Of late, I have found myself drawn to a set of new ideas that […]
India will need “at least eight to 10” large banks to support economic growth as consolidation gathers pace across the sector, Axis Bank Chief Executive Officer Amitabh Chaudhry said. Amitabh Chaudhry, chief executive officer of Axis Bank. (Bloomberg) “It’s a play across the entire product suite” and “right now we don’t have that” in the […]
A co-founder and CEO has sparked a massive debate online after calling anyone buying a new flat in Bengaluru a “complete dummy.” Taking to social media, he claimed the city’s real estate market is in deep trouble, citing the “desperate” tactics used by developers who are allegedly violating DND (Do Not Disturb) registries to push […]
Tata Consultancy Services Ltd. has struck a strategic alliance with chipmaker Advanced Micro Devices Inc. to accelerate the deployment of AI for enterprise clients, a move that underscores the company’s pivot to become the world’s largest AI services company. Tata Consultancy Services is in the throes of a pivot to become the world’s largest AI-led […]
Heineken NV’s Chief Executive Officer Dolf van den Brink is stepping down months after the company warned on profit over falling beer sales. Outgoing Heineken CEO Dolf van den Brink has been at the helm for six years and at the brewer for 28. (Reuters) Van den Brink, 52, will stand down on 31 May […]