Indian food delivery startup Swiggy is set to lay off 6 per cent of its workforce as it seeks to reduce costs and increase profitability ahead of its initial public offer (IPO), the Economic Times reported on Thursday. The job cuts would impact about 350-400 employees across teams including technology, call centre, and corporate roles, […]
Jindal Stainless has appointed Tarun Khulbe as its Chief Executive Officer (CEO), a decision approved during the company’s recent board meeting. Khulbe, who has been serving as the Whole Time Director since May 2018, brings a wealth of experience with around 35 years in business development, supply chain management, people practices and IT enablement. The […]
Food and beverage manufacturer PepsiCo India, on Friday, said that it has appointed Jagrut Kotecha as CEO for PepsiCo India. He will succeed Ahmed El Sheikh, who will take over as CEO for the Middle East Business Unit, in March, after a seven-year stint in India. Currently, Kotecha holds the position of Chief Commercial Officer […]
The Sleep Company has announced the appointment of Gaurav Shah as Chief Financial Officer effective from 26th December 2023. Shah has over 18 years of experience working as a Chartered Accountant. In this role, he will work closely with all stakeholders aligning them with the organization’s goals and objectives to drive financial performance and efficiency. […]
Indian television personality and investor Rannvijay Singh recently made a significant financial gain, achieving a 10 times return on his partial exit from his investment in the burger chain, Burger Singh. Rannvijay Singh’s investment in Burger Singh was part of a larger funding round, which was instrumental in the brand’s growth. Speaking about his investment […]
A court in Delhi on January 8 reserved its order on the bail application of Hari Om Rai, the managing director of Lava International, who was arrested in a money laundering case involving Chinese smartphone maker Vivo. Additional Sessions Judge Kiran Gupta has reserved the bail plea order for 12 January after hearing arguments from […]
In a recent development, Damyant Singh Khanoria, Chief Marketing Officer of Oppo India confirmed his departure from the tech giant after a successful stint that spanned over three years. He revealed that he officially moved on from Oppo India about a week ago. Khanoria previously worked with organisations such as Apple and adidas. His journey […]
Flipkart unveils a performance-based job cut strategy, aiming to streamline its workforce by 5-7 per cent. Annual performance reviews will dictate the reductions, expected to conclude by March-April, marking a resurgence in tech layoffs. While this isn’t Flipkart’s first venture into performance-based layoffs, the move aligns with its broader restructuring plans to refine operational efficiency. […]
The Hershey Company appointed Luigi Mirri as general manager of India on January 1, 2024. Mirri served as the general manager of APAC, and now will expand his responsibilities to include India, the company said in a statement issued on Tuesday. He has spearheaded the expansion of the brand footprint in critical markets, such as […]
Nivea India appointed Geetika Mehta as its new managing director, coming from her role as managing director at Hershey India since July 2021. Mehta brings extensive experience from almost twenty years at Hindustan Unilever across various divisions and responsibilities. The company highlighted Mehta’s successful career in the FMCG sector, noting her track record in developing […]
