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Nissan reshuffles India leadership amid dip in sales
Economic Times
·
1m ago
Medial
Nissan has announced a leadership reshuffle in India as it struggles with declining sales in the region. Saurabh Vatsa, Managing Director of Nissan Motor India, will lead commercial operations starting August 1, replacing Frank Torres, who is stepping down due to personal reasons. Despite the broader Indian passenger vehicle market's 2% growth, Nissan's sales declined by 7.5% in the fiscal year ending March 2025, prompting restructuring to drive future growth.
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RIL's Viacom18 reshuffles top leadership ahead of Disney India merger
IndianStartupNews
·
1y ago
Medial
Mukesh Ambani's Reliance Industries and The Walt Disney Company are merging their media and entertainment assets in India, creating an $8.5 billion joint venture. The merger includes over 100 television channels, two digital streaming platforms, and exclusive rights to major sporting events and Disney productions. The reshuffling of leadership within Viacom18 has accompanied the merger, with plans to streamline operations. Reliance Industries, Viacom18, and Disney will hold significant stakes in the joint venture, which aims to solidify Reliance's position in the Indian market and adjust Disney's strategic approach amid intense competition. The merger may face regulatory scrutiny but could reshape the competitive landscape for OTT platforms in India.
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The world’s first mass market electric car is getting a facelift
Economic Times
·
2m ago
Medial
Nissan Motor Co. is revitalizing its lineup by launching a revamped version of the Leaf, the world’s first mass-market electric vehicle, which has sold nearly 700,000 units since 2010. Amid financial challenges, CEO Ivan Espinosa is steering an aggressive restructuring, including job cuts and plant closures, to recover the company's position. The new Leaf boasts design updates and a smaller motor, targeting Europe as a primary market, with US sales starting in the fall.
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PayU finance reshuffles top deck, Deepak Mendiratta elevated to CEO
Inc42
·
1y ago
Medial
PayU Finance, the NBFC credit arm of Prosus-owned PayU, has undergone a leadership reshuffle with Deepak Mendiratta being promoted as the new CEO. The company has also appointed Manish Kulkarni, former chief of DBS Bank, as its CFO. This move follows the departure of key leaders from PayU Finance, as the company focuses on strengthening its presence in India and potentially preparing for a stock market listing. PayU India is planning to file for IPO by February 2024 and aims to list by the end of 2024. In H1 FY24, PayU saw a 21% YoY increase in revenue to $497 million.
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Apple reshuffles government affairs and music divisions in latest changes
Economic Times
·
4m ago
Medial
Apple Inc. is reorganizing its global affairs and music divisions. The changes include adjusting management for government teams across Europe, India, China, and Asia, now reporting to Lisa Jackson, a vice president under CEO Tim Cook. The music division will operate under co-heads Rachel Newman and Ole Obermann, reporting to Oliver Schusser. These moves are part of broader organizational shifts within Apple amid regulatory scrutiny and strategic changes in manufacturing and services.
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JPMorgan Chase CEO reshuffles senior management team
Livemint
·
1y ago
Medial
JPMorgan Chase CEO Jamie Dimon has reshuffled the senior management team, appointing Jenn Piepszak and Troy Rohrbaugh to lead an expanded commercial and investment bank. Marianne Lake will oversee the consumer and community bank. The changes highlight potential successors for Dimon and provide them with more experience running the firm's operations. The reshuffle also includes other changes in leadership positions within the bank. Dimon expressed confidence in the senior management team, stating that JPMorgan Chase is stronger than ever.
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COGOS Reshuffles Top-Deck, Elevates COO Katta Prasad To Cofounder
Inc42
·
1y ago
Medial
India's B2B city logistics platform, COGOS, has made changes to its leadership team. Katta Prasad has been promoted to co-founder and chief operating officer (COO), while Goutham BV has been promoted to Chief Technology Officer (CTO). Prasad joined COGOS last year as COO and has played a key role in driving the growth of the company's Full Truck Load (FTL) and Less Than Truck Load (LTL) services. COGOS, founded in 2016, operates a network of over 450 truckers across 25 states in India and is backed by VC funds such as EV2 Ventures and WorldQuant Ventures.
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Renault buys out Nissan’s 51% stake in India JV, French carmaker to lead with new EV plans
Business Today
·
5m ago
Medial
Renault is taking full ownership of its Indian joint venture, Renault Nissan Automotive India Private Ltd (RNAIPL), by acquiring Nissan's 51% stake. This strategic move aims to enhance Renault's presence in India’s rapidly growing auto market. Renault will manage the Chennai plant, maintaining Nissan models' production while advancing its own projects, including EV developments. Nissan retains access for sourcing and will jointly control a technology and business center in India with Renault.
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Ola Electric accelerates profitability drive axing regional warehouses, optimizing costs
YourStory
·
6m ago
Medial
Ola Electric has streamlined operations by replacing regional warehouses with its 4,000 retail stores for inventory and delivery purposes, significantly boosting EBITDA margins. This strategic move aims to save approximately Rs 30 crore monthly and enhance inventory management and customer delivery speeds. Despite a temporary dip in registration numbers on the VAHAN portal, sales remained steady. The redesign is crucial for maintaining leadership in India's rapidly expanding EV two-wheeler market.
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The great EV pullback has begun
The Verge
·
1m ago
Medial
Amid growing uncertainties, automakers are halting or rescheduling their electric vehicle (EV) launches, impacted by President Trump's budget bill cutting EV incentives. As car companies evaluate the market, many brands like Ferrari, Ford, and Nissan reconsider their EV strategies, delaying or canceling models due to diminished tax credits and a volatile political landscape. While interest in EVs remains, industry players face challenges amid policy shifts, impacting rollout plans amid rising costs and unstable demand.
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Companies News Today Live Updates on December 18, 2024: Nissan, Honda begin merger talks; to set up holding company, says report
Livemint
·
8m ago
Medial
Nissan and Honda have reportedly started discussions about a potential merger and plan to establish a holding company. This update provides live coverage of companies' news, including financial performance, acquisitions, and market trends. Stay informed about mergers, financial results, and leadership changes that shape various industries.
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