As against the requested tenure extension of 3 years, RBI has only granted a one year extension to Sumant Kathpalia as MD & CEO of IndusInd Bank. Bank had sent the request to RBI in September 2024 for 3 years. RBI has given the approval for one year from March 24, 2025 till March 23, … Read more
Kedar Lele is joining as the new Managing Director, effective November 1. Lele succeeds Sandeep Sangwan, who has been elevated to the position of Global Chief Marketing Officer at Castrol headquarters in London. He has a total work experience of more than 26 years, of which 18 years has been spent at Unilever in various … Read more
International Gemmological Institute (India) Limited (IGIL) is currently the favorite amongst investors with supposedly a very bright future. Under such outlook, COO leaving the Company is not comforting. The Company has informed that Ms. Deborah Pienica, Chief Operating Officer (COO) ceased to be Senior Management Personnel with effect from January 31, 2025. Reason provided is … Read more
Angel One Appoints Ambarish Kenghe (AK) as Group Chief Executive Officer AK is currently Vice President and General Manager at Google Pay APAC. He was instrumental in scaling Google Pay’s in India. He also had a key role in the launch of Chromecast and Google TV’s development. Before Google, AK had served as Chief Product … Read more
In a surprise announcement, DMart has informed that Neville will not be offering his candidature for renewal as Managing Director and CEO at the conclusion of his current term in January 2026 – a year from now. This would be surprise to most as Neville has been a key driving force behind DMart’s success. In … Read more
Milind Nagnur, Chief Technology & Operations Officer at Kotak Mahindra Bank (KMB) has resigned. He is not an old timer and had joined the bank only couple of years bank in August 2022. Reason for resignation is cited as personal reasons (to move back to US to care for the family members). Resignation is effective … Read more
C.E. Info Systems (MapmyIndia) has made some surprise announcements. Rohan Verma, the CEO and Executive Director of the Company is stepping down from the CEO position to float a new B2C Venture He however, will continue to the Non-Executive Director of MapmyIndia MapmyIndia will provide the following support to the new B2C Venture by Rohan … Read more
Zee never surprises you and is always very creative in decision making – especially related to it’s founder management. Founder family continuing to control the operations despite owning just 3.99% of the Company has been a significant point of concern for the investors. Punit Goenka, the MD and CEO, 10 days before the shareholders’ meeting … Read more
In an unusual directive, SEBI asked Embassy Office Parks Management Services, the manager of Embassy REIT, to suspend the CEO Aravind Maiya through an interim order. The regulator also told the Embassy to immediately appoint an interim CEO. The directive came in the wake of concerns about Maiya’s professional background following an investigation by the … Read more