Tata Group companies tripled in market value and profit rose more than fivefold in six years as the country’s biggest conglomerate funded India’s biggest private-sector bets in aviation, semiconductors, batteries and digital commerce – businesses that together still lose nearly Rs 30,000 crore annually. Group holding company Tata Sons reported a 22% increase in FY26 … Read more
In June, it elevated longtime executive Seshu Kumar Tirumala to chief operating officer. Tirumala, who has spent more than a decade at the company across sourcing, merchandising and private labels, is expected to strengthen the senior leadership team as BigBasket sharpens its focus on quick commerce. Source link
Deepinder Goyal, the founder and Group CEO of Eternal, which runs Zomato and Blinkit, in a letter to the shareholders announced that he is stepping away from the top executive role and handing over the reigns to Albinder Dhindsa. Goyal will move to the position of Vice Chairman He said the decision is driven by … Read more
As per the moneycontrol reports, Vipin Kapooria, Chief Financial Officer of Blinkit has resigned and is expected to return to his former employer, Flipkart. He had joined Blinkit just about a year back in September 2024. He had joined from Flipkart where he had previously spent more than 7 years In general I am always … 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
1. Capital Foods (CFPL) The Company manufactures and sells chutney, masala, sauces, noodles and soups under the popular brand names – ‘Ching’s Secret’ and ‘Smith & Jones’. Initially, Nestle was rumoured to be acquiring the Company. Finally, it’s Tata Consumer Products that has announced the deal. It’s a 100% acquisition for Rs 5,100 cr Full … Read more
Earlier this month, Zomato owned Blinkit announced a revised pay structure for it’s delivery executives. Previously, they were being paid a fixed Rs 25 per delivery and peak-hour incentive of Rs 7 per trip It has now been revised to a minimum of Rs 15 per trip with a distance-based component This led to the … Read more
Rohit Jawa will take over as MD & CEO w.e.f, 27th June, 2023 upto 26th June, 2028, i.e., for 5 years. He will also takeover as President, Unilever South Asia. He is taking both positions from the well respected veteran Sanjiv Mehta Sanjiv served at the position for 10 years, which one can consider to … Read more
Dabur India has announced acquisition of one of the oldest and very well established spice maker, Badshah Masala Private Limited. Key points to note – Badshah, established in 1958 has a strong brand recall across India. It was founded by Shri Jawaharlal J. Jhaveri and Indiraben Jhaveri and is currently managed by the second generation … Read more