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News on Medial
Tata Neu’s two more senior executives resign within four months
Inc42
·
1y ago
Medial
Tata Digital's ecommerce superapp Tata Neu is set to see two more senior executives, Pavan Podila and Samir Aksekar, leave the company in the coming weeks. Podila, the chief software architect, and Aksekar, the chief information security officer, joined in 2021. The company did not comment on their next move. This comes after other senior executives have also resigned in the past year, leading to leadership reshuffling within Tata Digital. The Tata Group is reportedly planning a $1 billion investment in its super app venture, Tata Neu.
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Ex-Flipkart employees-founded Udaan's CTO, CBO to step down
Money Control
·
1y ago
Medial
Udaan, a B2B e-commerce platform established by former senior Flipkart executives Amod Malviya, Sujeet Kumar, and Vaibhav Gupta in 2016, has revealed that two senior executives will be departing. The Chief Technology Officer, Gaurav Bhalotia, has chosen to resign, while the Chief Business Officer of the Essentials division, Vivek Gupta, plans to step back from daily operations but will continue serving as an advisor to Udaan's board.
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Tata Digital loses another senior executive
Economic Times
·
1y ago
Medial
Rajiv Subramanian, head of the travel business at Tata Digital's ecommerce superapp Neu, has resigned, adding to the list of senior-level departures at the firm. Subramanian was formerly the head of travel firm Cleartrip before joining Tata Digital in November 2021. This comes as part of a pattern of churn within the Neu team, following aggressive hiring by former Tata Digital President Mukesh Bansal and delays in allocating stock options to senior executives. Tata Digital is preparing for an external fundraise next year, with potential plans for a $1 billion infusion.
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Flipkart's CPTO and VP of Ads step away amid broader reshuffle
YourStory
·
6m ago
Medial
Flipkart is experiencing significant leadership changes with the departure of two senior executives. Sandeep Karwa, Vice President for Ads, announced his exit after over a decade with the company. Simultaneously, Chief Product and Technology Officer Jeyandran Venugopal is leaving due to personal reasons, transitioning out over the next three months. These changes follow a series of high-level exits, marking an ongoing reshuffle within the company. CEO Kalyan Krishnamurthy acknowledged their contributions in a memo.
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Tata Electronics goes tech talent fishing in Intel pool
Economic Times
·
6m ago
Medial
Tata Electronics is actively recruiting senior professionals from Intel as part of its expansion, including hiring Intel's Reda Masarwa as Senior VP. Under CEO Randhir Thakur, previously with Intel, the company is strengthening its executive team with former Intel employees like Bhavna Madhwal and Scott Holden. Tata aims for significant growth, planning several projects across India, with a $18 billion investment in electronics and semiconductors. The group intends to open nine factories within two years.
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Tata Digital rolls out Esops for its senior execs to push performance
Economic Times
·
11m ago
Medial
Tata Digital has introduced an employee stock option plan (Esop) for its senior executives as part of a performance-oriented culture push. The plan was approved at the company's recent annual general meeting and includes a minimum vesting period of three years. The Esop is tied to strategic goals of revenue growth, enhancing consumer experience, and achieving profitability. The response from employees has been mixed. Tata Digital's CEO, Naveen Tahilyani, has been rehauling the senior leadership, and the changes are expected to take at least six months to show results. The company is also facing integration challenges with BigBasket and 1mg, but has plans for external funding in the future.
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Report says Paytm asked fired staff to return bonuses, firm denies
Hindustan Times
·
1y ago
Medial
Paytm denied reports saying it's asking fired employees to pay back their joining and retention bonuses, which the startup retrieves if an employee quits within 18 months of joining. Reports also claimed that Paytm asked fired employees to "voluntarily resign" without any prior notice. Some employees reportedly said Paytm's HR team warned them of repercussions for failing to resign voluntarily.
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TCS' incentive to get candidates under 30 days
Livemint
·
1y ago
Medial
Indian IT services company Tata Consultancy Services (TCS) is offering incentives to its vendors for the quick hiring of senior employees, providing an additional ₹40,000 ($512) per candidate who joins within 30 days. However, the incentive is forfeited if the employee leaves within six months. The move indicates that TCS is expecting an uptick in market demand and requires experienced employees to implement projects. TCS declined to comment on the matter.
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Vistara CEO to lead major post-merger integration as Air India reshuffles senior management | Company Business News
Livemint
·
9m ago
Medial
The Air India Group has announced a reorganization of its senior management team in preparation for the merger of Vistara with Air India. The CEO of Vistara, Vinod Kanan, will continue to oversee the integration as Chief Integration Officer post-merger. Deepak Rajawat, Vistara's Chief Commercial Officer, will become the Chief Financial Officer at Air India Express. Other personnel changes include key executives from Vistara moving to senior roles at other Tata Group companies. All other executive roles and reporting lines within the Air India Group remain unchanged.
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Infosys promoted in-house talent to top jobs after high-level exodus: Nomura
Livemint
·
1y ago
Medial
Infosys recently filled all the vacant roles due to senior leadership departures with internal candidates, according to a research note by Nomura Holdings. The company cited a deep bench of senior leadership and highlighted that over 50% of its senior vice-presidents and executive vice-presidents have been with the firm for two decades or more. Infosys stated that promoting internally helped it retain clients and strengthen relationships. The company expects revenue growth of 1.5-2% for FY24. Infosys has experienced senior management churn in recent years, with many executives leaving the company.
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Old guard is out as Tata Digital’s new CEO revamps deck
Economic Times
·
1y ago
Medial
Tata Digital is undergoing organizational changes with a number of senior management exits and a shift in focus under new CEO Naveen Tahilyani. Executives including Modan Saha, Bhanu Pathak, Shoumyan Biswas, Gaurav Porwal, and Amit Golia have resigned or moved back to Tata Sons. Tata Digital has also decided to shelve plans to bring non-Tata brands onto its Neu superapp. The focus now is expected to be on the company's fintech vertical, with plans to invest $1 billion. The company's payment solution, Tata Pay, has struggled to gain traction in the market.
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