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Gensol's director resigns, says company needs guidance in 'fast-growth environment'

YourStory

YourStory · 3m ago

Gensol's director resigns, says company needs guidance in 'fast-growth environment'

Rajesh Jain, an independent director at Gensol Engineering, resigned due to liquidity concerns and suggested the need for a mentor to guide the company through its fast growth. The departure follows the resignation of CFO Ankit Jain. The company, dealing with Rs 1,146 crore debt, aims to improve its financial position through a Rs 600 crore fund-raising initiative and other measures. Refex Industries’ subsidiary is acquiring Gensol’s electric vehicles and assuming its debt.

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Cybersecurity company Tenable appoints Rajnish Gupta as MD for India, SAARC

Economic Times

Economic Times · 10m ago

Cybersecurity company Tenable appoints Rajnish Gupta as MD for India, SAARC

Tenable has appointed Rajnish Gupta as the Managing Director for India and SAARC to oversee operations and drive growth in the region. Gupta's extensive experience in finance, telecommunications, manufacturing, and cybersecurity will help the company deliver security solutions that meet the evolving needs of clients. Previously, Gupta served as the India Country Director for the Cortex division at Palo Alto Networks and as a senior director and cybersecurity leader at Microsoft. Tenable aims to help businesses bridge the gap in understanding and managing cyber risk in today's complex environment.

DLF MD upbeat about demand, price prospects, says company in a 'virtuous cycle'

Money Control

Money Control · 1y ago

DLF MD upbeat about demand, price prospects, says company in a 'virtuous cycle'

DLF, a leading real estate firm in India, is optimistic about the demand for its luxury projects in the coming quarters. According to Ashok Kumar Tyagi, the managing director of DLF, demand is holding up and strengthening each quarter. The company has already sold out the second phase of Privana and its commercial side, including office and retail leasing, is also performing well. DLF has set a sales guidance of INR 17,000 crore for FY25, surpassing the INR 10,000 crore guidance for the previous year. The company plans to launch another super luxury project, DLF Camellias 2, and expects to beat its FY25 sales guidance.

Technology company Wipro rejigs growth organisation; CGO Stephanie Trautman resigns

IndianStartupNews

IndianStartupNews · 1y ago

Technology company Wipro rejigs growth organisation; CGO Stephanie Trautman resigns

Indian technology company Wipro has announced changes in its Chief Growth Office (CGO), with Stephanie Trautman, the Chief Growth Officer, stepping down from her role effective December 31, 2023. Trautman joined Wipro three years ago and played a crucial role in leading growth strategies. The resignation follows the integration of the Strategic Pursuits team, formerly under CGO, into Strategic Market Units, as part of Wipro's efforts to uncover new growth opportunities and improve deal win rates amidst a challenging business environment.

Reliance Jio MD Sanjay Mashruwala Resigns

Inc42 · 1y ago

Reliance Jio MD Sanjay Mashruwala Resigns

Sanjay Mashruwala, the Managing Director of Reliance Jio Infocomm, has resigned from his position. Mashruwala, who took on the role in 2013, will cease to be the director of the telecom company from June 9. Pankaj Mohan Pawar, the other Managing Director, will continue in his role. Mashruwala's resignation comes as Reliance Jio reported a 13% year-on-year increase in its standalone net profit for the March quarter. Reliance Jio has also onboarded more than 10.8 crore subscribers onto its 5G network.

Ebitda positive for last two quarters, says Myntra

Economic Times

Economic Times · 1y ago

Ebitda positive for last two quarters, says Myntra

Myntra, a fashion e-commerce platform, has experienced significant growth in the second half of 2023 and has remained profitable for the past two quarters. The company's gross merchandise value (GMV) has been growing twice as fast as the online fashion market, with a 33% increase in monthly active users and notable customer growth. Myntra attributes this success to its trend-centric offerings, expansion into non-apparel segments, premiumization of fashion, expansion into non-metro cities, and catering to the needs of its premium fashion-forward customer base. The company has also turned EBITDA positive and has a strong presence among Gen-Z consumers and international brands.

Infosys CFO Nilanjan Roy resigns; Jayesh Sanghrajka to take over the role

IndianStartupNews

IndianStartupNews · 1y ago

Infosys CFO Nilanjan Roy resigns; Jayesh Sanghrajka to take over the role

Infosys' Chief Financial Officer, Nilanjan Roy, will be stepping down from his position, and Jayesh Sanghrajka will take over as the CFO, effective April 1, 2024. Roy decided to resign to pursue personal aspirations outside of the company. Sanghrajka, currently the Executive Vice President and Deputy CFO, has over 18 years of experience at Infosys and will lead the finance function. This leadership change comes as Infosys navigates challenges in the macroeconomic environment and adjusts its revenue growth forecast.

CRED ropes in former SBI MD Sriram as independent director

Money Control

Money Control · 2y ago

CRED ropes in former SBI MD Sriram as independent director

Cred has appointed former State Bank of India (SBI) Managing Director Dinesh Kumar Khara as an Independent Director. Khara's vast experience in the banking sector and expertise in financial services will contribute to Cred's growth and strategic decision-making. This appointment showcases Cred's focus on strengthening its leadership team with experienced professionals to drive its vision in the Indian fintech industry. As part of the board, Sriram will provide guidance and counsel for the company’s long-term strategy, growth plans, and execution roadmap.

Mamaearth CMO Anuja Mishra resigns

Entrackr

Entrackr · 3m ago

Mamaearth CMO Anuja Mishra resigns

Honasa Consumer Limited, the parent company of Mamaearth, has announced the resignation of Anuja Mishra, Chief Marketing Officer (CMO), with effect from the closure of business hours on June 30, 2025, due to personal reasons. According to the circular filed by Honasa Consumer, Varun Alagh, CEO and whole-time director of the company, will be the interim charge of CMO. Mishra joined Honasa in March 2022 as CMO where she oversaw marketing strategy for consumer group brands – Mamaearth, Bblunt, and The Derma Co. “Owing to certain personal reasons, I would like to submit my resignation from the position of Chief Marketing Officer at Honasa Consumer Limited, effective closure of business hours on 30th June, 2025,” the email screenshot disclosed in the circular shows. Earlier this week, the company also increased its ESOP pool by adding 24,61,350 ESOP options worth Rs 57 crore, a separate disclosure shows. During the third quarter of the last fiscal year (Q3 FY25), the company recorded a 5.9% revenue growth to Rs 517 crore, compared to Rs 488 crore in Q3FY24. However, its profits remained flat at Rs 26 crore in the same period. Honasa Consumer Limited ended Friday's trading session at Rs 233 per share, registering a total market capitalization of Rs 7,578 crore (approximately $890 million).

HCL Tech will keep hiring to meet 5.5% growth guidance, says CEO Vijayakumar

Livemint

Livemint · 1y ago

HCL Tech will keep hiring to meet 5.5% growth guidance, says CEO Vijayakumar

HCL Technologies, India's third-largest IT services company, reported a 12.5% increase in net profit and was the only top-four IT firm to add net new employees in Q3. The company plans to continue hiring in Q4 to maintain its revenue growth and meet its 5.5% growth guidance. HCL is benefiting from a telecom deal with Verizon, its focus on automotive technologies, and recurring revenue from its software business. The company also aims to expand its presence in Europe, particularly in the automotive sector.

‘Work culture is manic,’ says Indian-Origin OpenAI employee on joining AI firm

Livemint

Livemint · 11m ago

‘Work culture is manic,’ says Indian-Origin OpenAI employee on joining AI firm

Pranav, an Indian-origin professional at OpenAI, shared his positive experience working at the company. He mentioned the fast-paced and dedicated work culture at OpenAI, expressing his excitement about working with a talented team on innovative projects. Pranav's remarks highlight the rigorous work ethic and dynamic environment at OpenAI, known for its advancements in AI. However, simultaneously, Elon Musk has initiated legal action against OpenAI, alleging that the company has prioritized profit over its initial commitment to serving the public interest. Musk claims that OpenAI misled him and took advantage of his philanthropic concerns about AI's potential threats.

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