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Arvinder Singh Sahney appointed Indian Oil CMD

Livemint

Livemint · 7m ago

Arvinder Singh Sahney appointed Indian Oil CMD

Arvinder Singh Sahney has been appointed as the Chief Managing Director (CMD) of Indian Oil. Stay updated on the latest news regarding companies' financial performance, strategic acquisitions, market shifts, mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.

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Manoj Kumar Jhawar takes additional charge as Mishra ceases to be PTC CMD

Livemint

Livemint · 1y ago

Manoj Kumar Jhawar takes additional charge as Mishra ceases to be PTC CMD

The board of PTC India Ltd has appointed Manoj Kumar Jhawar as the chairman and managing director of the company until a regular CMD is appointed. This decision comes after Rajib Kumar Mishra was barred by market regulator Sebi from holding any position on the board or management of any listed company for six months due to alleged corporate misgovernance. Sebi also penalized Mishra and another former executive of PTC India Financial Services (PFS). The investigation found that the former MD of PFS had misused his position to prevent the appointment of a key executive approved by the board.

WeWork India strengthens leadership with key board appointments

YourStory

YourStory · 7m ago

WeWork India strengthens leadership with key board appointments

WeWork India has made several changes to its Board of Directors to support its growth and sustainability efforts. Jitendra Mohandas Virwani has been appointed as the Non-Executive Chairman, focusing on driving the company's growth strategies. Karan Virwani has taken on the role of Managing Director and CEO. Two independent directors, Mahua Acharya and Anupa Rajiv Sahney, have joined the board to bring their expertise in areas such as electric mobility, climate finance, and advisory services. Adnan Ahmad has also joined as a board member. Manoj Kumar Kohli transitioned to the role of Independent Director earlier this year.

StrideOne Ropes In Pepper Money India Executive Hardeep Singh As Its First CFO

Inc42 · 1y ago

StrideOne Ropes In Pepper Money India Executive Hardeep Singh As Its First CFO

StrideOne Capital, a fintech company, has appointed Hardeep Singh as its first chief financial officer. Singh previously held the position of CFO at GE Capital, Clix Capital, and SS Supply Chain Solution. Additionally, the company has announced that Arvind Nachaya, a member of its risk committee, will now head its commercial banking operations.

SBI Caps appoints new head of equity capital markets business

VCCircle

VCCircle · 3m ago

SBI Caps appoints new head of equity capital markets business

SBI Capital Markets has appointed Amrendra Singh as the head of its equity capital markets (ECM) division. Singh, now Senior Vice-President and Group Head of ECM, succeeds Deepak Kaushik, who will handle SBI’s East Asia operations in Hong Kong. Singh, a chartered financial analyst with over two decades at SBI, previously managed asset-liability at the bank. SBI Caps provides investment banking services and has facilitated significant capital raises through major IPOs and offerings in India.

Unacademy elevates CBO Jagnoor Singh as COO of offline centres business

Economic Times

Economic Times · 1y ago

Unacademy elevates CBO Jagnoor Singh as COO of offline centres business

Unacademy, the online learning platform, has appointed Jagnoor Singh as the Chief Operating Officer (COO) of its offline centres business. Singh will be responsible for driving growth and expansion of Unacademy's offline learning centres across the country. This move reflects Unacademy's strategy to combine online learning with physical classroom experiences to cater to the diverse learning needs of its students.

Startup news and updates: daily roundup (January 2, 2025)

YourStory

YourStory · 6m ago

Startup news and updates: daily roundup (January 2, 2025)

The Indian startup ecosystem is optimistic for 2025, focusing on advancements in artificial intelligence and stock market opportunities. Notable developments include Bajaj Auto surpassing Ola Electric in December EV sales, CargoFL raising Rs 6.75 crore to boost logistics technology, and Klassroom Edutech securing growth capital for its education platform. Additionally, Xiaomi India appointed Sandeep Singh Arora as CBO, and IIT Madras is collaborating with the Agriculture Ministry on Project VISTAAR to enhance agricultural digitalisation.

Paytm appoints Deependra Singh Rathore as new CTO, as Dhody transitions to AI Fellow

YourStory

YourStory · 9m ago

Paytm appoints Deependra Singh Rathore as new CTO, as Dhody transitions to AI Fellow

- Paytm has appointed Deependra Singh Rathore as its new Chief Technology Officer for Payments, replacing Manmeet Singh Dhody. - Deependra Singh Rathore has been with Paytm and its associate company, Paytm Payments Bank Limited since January 2016. - Rathore is currently the Senior Vice President - Technology and drives AI-led strategic initiatives at Paytm. - During his tenure at Paytm, Rathore has been responsible for building and enhancing payments technology, including online payment gateway, QR payments, and card payments. - The appointment of Rathore comes as part of Paytm's plans to revamp its senior leadership team following recent high-level departures. - Manmeet Singh Dhody, the former CTO for Payments at Paytm, has transitioned to the role of "AI Fellow".

Amazon sees upbeat consumer sentiments lighting up festive demand; boosts infra, delivery network

Economic Times

Economic Times · 9m ago

Amazon sees upbeat consumer sentiments lighting up festive demand; boosts infra, delivery network

Amazon India is preparing for a successful festive season, expecting higher demand than last year due to positive consumer sentiments, according to Abhinav Singh, the Vice President of Operations. Singh emphasized the long-term opportunity in India, highlighting the potential for growth and Amazon's commitment to digitizing sellers and serving customers. Amazon is also focused on improving logistics and fulfillment centers to enhance delivery speeds and support sellers. The company recently appointed Samir Kumar as the new country manager for India, following allegations of predatory pricing and deep discounts, which Singh refuted, stating that sellers determine product pricing on the marketplace. Singh emphasized that Amazon's strategy is focused on customer experience and strengthening its network and infrastructure, rather than being shaped by competition.

Aegis Vopak Terminals looks to raise around $500 million in a $3-billion IPO

Livemint

Livemint · 11m ago

Aegis Vopak Terminals looks to raise around $500 million in a $3-billion IPO

Indian chemicals and oil storage company Aegis Vopak Terminals, a joint venture between Aegis Logistics and Vopak, is set to file a draft red herring prospectus for a $500-550m initial public offering. The company is expected to be valued at about $3bn. Banks including BNP Paribas, ICICI Securities, IIFL Securities, and Jefferies have been appointed to manage the IPO. Aegis Vopak Terminals provides storage and logistics solutions for chemicals, oils, gases, LNG, and biofuels in India. The company is reportedly exploring options for pre-IPO funding to set the valuation benchmark.

Kota startup makes electricity from cow dung, saves ₹2.5L monthly

Internet

Internet · 11m ago

Kota startup makes electricity from cow dung, saves ₹2.5L monthly

Founded in 2015 and based in Kota, Rajasthan, Gau Organics is a dairy farm startup that partners with local farmers and sells natural products like ghee, milk, oil, and jaggery. Recently, Amanpreet Singh, the founder of Gau Organics and his team developed a methane-powered electricity generator that saves approximately ₹2,50,000 to ₹3,00,000 in monthly electricity bills.

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