IndusInd Bank Ltd. is preparing a sweeping overhaul to boost profitability and cleaning up underperformance, as its new chief executive officer seeks to boost return on assets following a governance shakeup. The impact of the IndusInd scandal has dragged on its profitability, leaving the lender’s return metrics well below peers. (Bloomberg) The restructuring—expected within days—will […]
Walmart Inc. on Friday said Chief Executive Officer Doug McMillon will retire in February and be replaced by John Furner. Furner, 51, has served as head of Walmart US since 2019. Walmart CEO Doug McMillon. (AP) This is a developing story. More to come. Source link
As fintech startup Groww made a strong IPO debut on Wednesday, an old email from its CEO and co-founder, Lalit Keshre, has resurfaced online. Lalit Keshre is the co-founder and CEO of Groww.(X/@lkeshre) Taking to X, Shikhar Saxena, the founder of Binary and SuperDM, shared a screenshot of an email Keshre had sent him back […]
Varun Berry has resigned as the chief executive officer of Britannia Industries Ltd., less than a week after the company declared its second-quarter results. In fact, Berry had put in his papers the very next day. Varun Berry. (Livemint) The resignation is effective immediately as the board of the biscuit maker has decided to waive […]
₹4 crore job to launch AI startup that just raised $61 million”> Published on: Nov 07, 2025 01:07 pm IST Varun Vummadi and Esha Manideep, both IIT alums, launched their AI startup Giga in 2023. Giga, an Artificial intelligence (AI) support automation startup founded by two IIT Kharagpur alums, has raised $61 million in Series […]
Perplexity AI Inc. has pushed back against attempts by Amazon.com Inc. to block AI shopping via its Comet AI browser, in what it says is the US retail giant’s first legal salvo against an AI company. Perplexity AI CEO Aravind Srinivas says he is “happy to work together with Amazon to figure out a win-win […]
Unacademy CEO Gaurav Munjal, in a recent tweet, opened up about “life-changing” advice he received from Zomato co-founder Deepinder Goyal. Talking about his “mentor,” Munjal recalled how once Goyal refused to meet him. Zomato co-founder Deepinder Goyal (L), Unacademy CEO Gaurav Munjal (R). (File Photo) “In 2015, as a 25 year old kid who had […]
An India-origin CEO of a little-known telecom-services company in the US has emerged at the centre of what has been described as a “breathtaking” fraud in an opaque corner of the US debt markets. BNP Paribas helped BlackRock’s HPS Investment Partners finance Bankim Brahmbhatt’s loans. (Reuters) A unit of Blackrock Inc. and other lenders are […]
Praveer Sinha, CEO and Managing Director of Tata Power, along with his wife Ritu Ahuja Sinha, has purchased a luxury apartment in Mumbai’s Raheja Modern Vivarea project at Mahalaxmi for ₹17.50 crore, documents accessed by Liases Foras, a non-broking real estate research and data analytics firm showed. Praveer Sinha, CEO and Managing Director of Tata […]
Aravind Srinivas has never made a “traditional” pitch deck to raise funding for Perplexity AI. Why bother, when he has his own product to do so. Perplexity AI CEO Aravind Srinivas. (Reuters) “Famously, the Series A was the only time I made a pitch deck,” Srinivas, who co-founded the San Franscisco-based AI startup in 2002, […]
