CEO TRANSITION
Tim Cook cites three reasons for stepping down as Apple CEO after 15 years
Tim Cook is stepping down as Apple CEO. John Ternus will take over on September 1. Cook described it as a planned succession. He will remain as executive chairman. Ternus highlighted artificial intelligence as a major opportunity for Apple. Cook will focus on global government and geopolitical relationships.
Infosys set to discuss CEO transition for post Salil Parekh era
Infosys board members are set to discuss leadership changes. Current CEO Salil Parekh's term concludes soon. A two-year extension is anticipated to manage succession planning. This transition is crucial for maintaining stability amid industry disruptions. Investors are closely monitoring the situation for future leadership.
Tech Mahindra Q4 Results: Cons profit rises 16% YoY to Rs 1,354 crore, revenue up 13%; co declares Rs 36/share dividend
Tech Mahindra Q4 Results: Tech Mahindra reported a 16% year-on-year increase in net profit to Rs 1,354 crore for the March quarter, with revenue rising 13% to Rs 15,076 crore. The company is accelerating its AI-led transition, achieving its highest deal wins in recent years and declaring a record total dividend of Rs 51 per share for FY26.
Luxury in India is no longer defined by Delhi, Mumbai or Bengaluru
India's luxury market is expanding beyond traditional metro hubs as wealth and consumer exposure grow. Luxury consumption is converging nationally, driven by lifestyle choices and global awareness rather than city-specific stereotypes. Brands are now segmenting consumers by their journey and preferences, not just geography.
Warner Chappell Music launches direct publishing operations in India; Jay Mehta to lead unified WMG strategy
Warner Chappell Music has launched direct operations in India, shifting from sub-publishing to a full-scale local presence. This move aims to provide Indian songwriters enhanced access to WCM's global network and rights management systems amidst India's rapidly expanding music economy. Jay Mehta will lead the new division, overseeing both recorded music and publishing across India and neighboring South Asian markets.
US Stock Market: Apple’s next chapter hinges on AI push under new leadership
Apple Inc. enters a new phase as incoming CEO John Ternus bets on integrating AI into its ecosystem, with future growth hinging on execution in an increasingly competitive AI landscape.
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Infosys weighs CEO change; Groww's Lalit Keshre on next growth bets
Happy Wednesday! Infosys is set to discuss CEO Salil Parekh's tenure and a succession roadmap as it reports Q4 results. This and more in today's ETtech Morning Dispatch.
As Tim Cook steps down as Apple CEO, what he did for Trump goes viral — here’s the breakdown and how the President responded
Tim Cook Trump viral moment: As Tim Cook transitions to Executive Chairman, his past interactions with Donald Trump are gaining renewed attention. Their relationship, marked by tariff negotiations and a viral "Tim Apple" nickname, significantly shaped Apple's strategy. Cook's continued policy engagement offers investors continuity amid geopolitical and economic uncertainties.
EV leasing platform Drivn signs pact with Energy In Motion for 1,000 EV trucks
EV leasing platform Drivn has partnered with Energy In Motion (EIM) to deploy approximately 1,000 heavy-duty electric trucks across India within two years. This collaboration aims to simplify the transition for fleet operators by integrating EIM's vehicle and energy solutions with Drivn's leasing and operational expertise, thereby reducing entry barriers and enhancing accessibility.
Dhan parent Raise Financial acquires algo-trading startup Stratzy in cash-and-stock deal
The deal values Stratzy at $5–6 million, according to sources. ET had first reported on the acquisition on November 19 last year. Startzy is estimated to be clocking an annual revenue run rate of Rs 7-8 crore.
Tim Cook's farewell letter had some magnificent lessons; here's why you shouldn't miss them
Tim Cook's farewell letter: Apple is entering a major leadership transition as Tim Cook steps down after nearly 15 years as CEO. In his farewell letter, Cook reflected on his journey, calling his leadership an “honor and privilege” while highlighting deep connections with Apple users worldwide. John Ternus, a long-time hardware executive, will take over as CEO in September.
Apple shares fall as Tim Cook steps down as CEO
Apple shares fell after CEO Tim Cook announced transition to John Ternus, signaling shift toward product engineering and AI focus, while Cook becomes executive chairman. Markets reacted cautiously despite stable succession and Ternus’s strong internal reputation with long term outlook
Youdha plans 200 outlets by year-end, bets big on India’s booming L5 passenger EV market
Electric mobility brand Youdha is aggressively expanding its footprint by establishing over 200 retail outlets across India by year-end. This strategic move aims to bolster its presence in the burgeoning L5 passenger electric three-wheeler segment, catering to the increasing demand for last-mile mobility solutions nationwide.
From hardware boss to CEO: Apple bets on longtimer John Ternus to 'click' new growth chapter
Apple is set for a major leadership change. Tim Cook will transition from CEO to executive chairman in September 2026. John Ternus, currently head of hardware engineering, will take over as the new CEO. Ternus has a long history at Apple, contributing to key product innovations. Cook's tenure saw significant growth and expansion for the company.
US Stock Market: John Ternus takes the helm as Apple prepares for post-Cook era
Apple CEO Tim Cook is stepping down after 15 years. John Ternus will take over as CEO. Cook will become executive chairman. This leadership change comes as Apple faces industry shifts. Investors are watching closely. The company saw massive growth under Cook's leadership. This planned handover aims for continuity.
Tim Cook took Apple to $4 trillion, now it’s John Ternus’ turn
John Ternus assumes leadership at Apple, inheriting a robust legacy built by Tim Cook. While Apple's current business is strong, the future hinges on its AI strategy. Ternus, known for his hardware expertise, faces the critical task of navigating this evolving technological landscape and defining Apple's next era.
US Stock Market: Johny Srouji to lead unified hardware team as Apple prepares for leadership transition
Apple is restructuring its hardware organisation by merging the engineering and technologies divisions into a unified leadership model. The company will split operations into five core areas, aiming to streamline development across key products. The move also signals major leadership changes, with expanded roles for senior executives and a clearer succession path.
Apple confirms CEO transition as Tim Cook steps down; John Ternus to lead next phase
Apple's Chief Executive Officer Tim Cook is stepping down in September. John Ternus will take over the CEO role. Cook will remain as Executive Chairman. This leadership change follows months of speculation. Apple is also preparing to launch new operating systems with AI features. The company is expected to introduce its first foldable iPhone later this year.
Tim Cook to step down as Apple CEO: Read his memo to employees
Apple's long-serving CEO Tim Cook is transitioning to executive chairman later this year. John Ternus will assume the CEO role on September 1, 2026. This leadership change follows a planned succession. Cook's departure marks a significant moment for the tech giant. Ternus is set to continue Apple's focus on innovation and core values.
Apple's Tim Cook to step down as CEO in September
Tim Cook is stepping down as Apple CEO in September, with John Ternus taking the helm. Cook will transition to executive chairman after a successful tenure expanding Apple's product line and value. The announcement comes as Apple faces pressure to innovate in artificial intelligence, with investors watching Ternus's leadership closely.
Apple to focus hardware team on five areas under Johny Srouji
Apple's hardware division sees a major restructuring under new chief hardware officer Johny Srouji. The combined hardware engineering and technologies teams will now operate across five key areas: hardware engineering, silicon, advanced technologies, platform architecture, and project management. This move aims to simplify operations and boost innovation for key products like the iPhone and Apple Watch.
Apple CEO Cook is lauded by investors as he prepares for new role
Apple CEO Tim Cook will step down after nearly 15 years, with hardware chief John Ternus taking over. Cook, 65, will transition to executive chairman on September 1. Under his leadership, Apple's market capitalization surged and revenue quadrupled, with the company now preparing for AI-driven industry changes.
Who is John Ternus? Know all about Apple's engineer-turned CEO - Age, Net Worth and More
Apple Inc. has appointed John Ternus, a seasoned hardware chief, as its next CEO, succeeding Tim Cook who will transition to executive chairman. Ternus, with over two decades at Apple, has been instrumental in developing key products like the iPhone and Mac. This leadership change occurs as the tech giant navigates significant industry shifts driven by artificial intelligence advancements.
Billions in Wealth, Millions in Pay: A look at Tim Cook’s earnings story at Apple; all about his net worth and paycheck
Apple's CEO Tim Cook is stepping down in September 2026. Veteran executive John Ternus will take over the top role. Cook will become executive chairman of the board. He joined Apple in 1998 and became CEO in 2011. Under his leadership, Apple's value grew significantly. Cook's net worth is estimated at $2.9 billion.
FIFA World Cup travel costs rise with $150 train fares in New Jersey
Fans heading to the FIFA World Cup at New Jersey's MetLife Stadium face a steep increase in train fares, with round trips costing $150, nearly 12 times the usual price. Officials cite operational expenses and a lack of FIFA contribution for the hike, while other host cities maintain standard fares.
OpenAI B2B applications CTO Srinivas Narayanan announces exit after three years
Srinivas Narayanan, chief technology officer of business-to-business (B2B) applications at American AI company OpenAI, announced on Saturday that he will be leaving the company at the end of next week, marking the close of a three-year stint during a period of high-profile product launches.
Berkshire CEO Abel sold stocks managed by ex-portfolio manager Combs, WSJ reports
Berkshire Hathaway CEO Greg Abel has divested stocks once overseen by Todd Combs. Combs departed Berkshire in December for JPMorgan Chase. This move signals a significant shift in Berkshire's investment portfolio under Abel, who took over as CEO in January. Warren Buffett continues as Chairman. Berkshire is expected to reveal more details on its equity holdings soon.
Snap layoffs: CEO Evan Spiegel cites productivity gains from AI adoption in note to employees
Snap Inc. is laying off 1,000 employees, approximately 16% of its workforce, and eliminating over 300 vacant roles. CEO Evan Spiegel cited the need for cost control and more efficient operations to achieve sustainable, profitable growth. The company aims to reduce its annualised cost base by over $500 million by the second half of 2026, partly driven by AI advancements.
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