Starbucks has named Laxman Narasimhan as their new CEO, succeeding Howard Schultz almost two weeks earlier than expected. Schultz who previously led the organisation from 1986 to 2000 and then from 2008 to 2017, will continue to serve on the company’s board. Last September, the company announced that Narasimhan would be appointed as its new […]
The nonstop India-US connectivity has picked up further ahead of the upcoming peak summer travel season. Meanwhile, Air India will temporarily suspend six of its 47 weekly nonstops to the United States (US) for the next two to three months due to crew shortage, Air India CEO Campbell Wilson said on Monday. “We will be […]
Amazon CEO Andy Jassy said Monday he was cutting 9,000 more jobs from the online retail giant’s workforce, following the 18,000 that were axed in January. The latest cuts come after the company announced earlier this year that it was eliminating some 18,000 positions as part of a major cost-cutting bid at the e-commerce giant. […]
Imagine Marketing Limited (parent company of boAt) on Thursday announces that the Board of Directors has appointed Vivek Gambhir as Chairman of the company. Sameer Mehta, co-founder, will take on the role of CEO and Managing Director. Vivek Gambhir, in his new role as Chairman, will continue to guide the leadership team on matters of […]
Debt ridden Future Retail ((FRL) on Wednesday informed in an official statement that Kishore Biyani, who resigned about one and half months before from the company as executive chairman and director, has now withdrew his resignation. The Resolution Professional of FRL, had raised objections on the contents of Biyani’s resignation letter, and had called him […]
Shoppers Stop, India’s leading premier fashion and beauty omnichannel destination has named Kavindra Mishra as ‘Chief Commercial Officer for External Brands and CEO of Home Stop.’ Kavindra has more than 20 years of retail experience and comes from the House of Anita Dongre where he worked as Managing Director. An IIM-Bangalore alumnus, Kavindra had earlier […]
Sumit Mathur, CMO of Kellogg India, has announced his resignation from the business after more than five and a half years of service. He posted the information to LinkedIn. He writes, “This week’s my last serving bowls of Kellogg’s… a journey I cherish & feel proud of.” In 2017 Mathur began working for Kellogg India […]
Leading home textiles firm Welspun India has unveiled a modern manufacturing facility for advanced textiles in Chandanvelly, Telangana. The facility has been launched under its subsidiary Welspun Advanced Material India (WAMIL) and was inaugurated by Telangana Minister for Industries & Commerce, Municipal Administration & Urban Development (MA&UD), Information Technology, Electronics and Communications (IT E&C) KT […]
McKinsey and Co plans to eliminate thousands of positions, adding the consulting giant to a wave of companies that are cutting corporate jobs, according to The Wall Street Journal. The firm, which is known for helping companies streamline their operations, could shed as many as 2,000 jobs in what would be one of its biggest […]
Apple supplier Salcomp has said that it plans to double its headcount in India to 25,000. The Finland-based company aims to do this over the next three years. In addition to increasing its workforce in the country, Salcomp is also targeting annual revenue of USD 2-3 billion by 2025. The news of the development from […]
