GLOBAL CEO
Nvidia opens probe into CEO Jensen Huang over alleged affair with woman suspected of spying for China
Nvidia has launched an independent probe into CEO Jensen Huang after reports that he had an affair with a Chinese executive suspected by US intelligence of working for Beijing. Huang admitted to being unfaithful and apologised. The investigation will examine potential national security risks and possible exposure of company secrets.
Wipro reappoints Angan Guha as head of Americas 2
The move comes after Suzanne Dann, the former CEO for Wipro’s Americas-2 Strategic Market Unit, stepped down in April to pursue opportunities outside Wipro, India’s fourth largest IT services company.
DLF to invest Rs 3,750 crore for majority stake in JV with Everstone for IREO assets
DLF plans to invest Rs 3,750 crore to obtain a majority stake in a partnership with EverstoneGroup. The joint venture will focus on IREO Private Limited and other entities within the IREO group in India. It aims to acquire at least a 20% stake in the IREO India companies to secure governance rights. This transaction remains subject to regulatory approvals and is expected to conclude by 2027.
Britannia CEO plays down Reliance's pricing threat in India biscuit market
Reliance Industries' Independence biscuits are entering India's competitive biscuit market with packs starting at Rs 5, but Britannia CEO Rakshit Hargave says disrupting the category will be harder than its Campa cola play. With biscuits already priced at Rs 5 and Rs 10, aggressive discounts could hurt margins. Britannia is also raising prices and shrinking pack sizes amid rising input costs.
Bitcoin falls over 5% in a day to $76,000 as US tech and AI stock selloff triggers fresh crypto market weakness
Bitcoin plunged over 5% to $76,006 as weakness in US technology stocks triggered widespread crypto selling. More than $1.1 billion in leveraged positions were liquidated, intensifying bearish sentiment across major cryptocurrencies.
Kazakhstans growing presence in global technology landscape
Kazakhstan is improving its position in global digital development as it prepares for integrating artificial intelligence. The country ranked 60th in the Government AI Readiness Index, a notable rise of 16 places. Additionally, it was placed 24th in the UN E-Government Survey for digital services, reflecting strong advancements.
Barclays infuses Rs 1500 cr into Indian operations
Barclays Bank Plc has infused over ₹1,500 crore (£125 million) into its Indian operations, marking its third capital infusion in five years. The investment will support the growth of its investment banking and private banking businesses in India.
Dabur Global CEO Malhotra resigns, as leadership churn in legacy FMCG companies continues
Mohit Malhotra, Dabur's global CEO, has resigned. The move cycles continued churn in top-tier legacy FMCG leadership, amid uneven demand trends, intense competition from regional and digital-first rivals, inflationary trends and a volatile geopolitical environment.
Herjit Bhalla joins Dabur board as CEO Mohit Malhotra steps down
Dabur India has announced a leadership transition, with Global CEO and Whole-time Director Mohit Malhotra resigning from his positions effective November 13, 2026, after more than three decades with the company. Malhotra is set to take up a leadership role overseas. Dabur has appointed India business CEO Herjit Singh Bhalla as Additional Director and Whole-time Director for five years, effective November 14, subject to regulatory approvals.
India's payments authority NPCI forms unit to push into AI, blockchain tech
The National Payments Corporation of India has created a technology subsidiary known as NPCI Tech Solutions Limited. This new unit will focus on advancements in AI, blockchain, and digital financial infrastructure. Vishal Kanvaty has been appointed as the managing director and CEO of the subsidiary. NTSL aims to enhance capabilities beyond NPCI's core payments responsibilities. The initiative highlights India's commitment to developing its banking and financial services technology landscape.
India's payments authority NPCI forms unit to push into AI, blockchain tech
The payments authority's chief technology officer Vishal Kanvaty, who has been associated with NPCI for nearly a decade, has been appointed the managing director and CEO of NTSL, it said.
Sam Altman becomes Ram Altman: OpenAI CEO accepts suggestion, changes display name on X
OpenAI CEO Sam Altman has changed his display name on X to "Ram Altman" after facing online criticism over his remarks about the use of Random Access Memory (RAM) in personal computers. The controversy started after his appearance on the Cheeky Pint podcast, where he questioned whether allocating large amounts of memory to individual desktop and laptop users was an efficient use of limited global supplies.
Alkem Laboratories appoints Amrut Naik as CEO
Alkem Laboratories announced the appointment of Amrut Naik as its new Chief Executive Officer. His appointment is effective from November 11, following board approval and nomination committee recommendations. Naik has more than 26 years of experience in various areas, including pharmaceuticals and biologics. He holds both a bachelor's and master's degree in pharmaceutical science alongside a PhD in pharmacology.
India needs three national carriers to compete globally, says Adani Airports CEO
Adani Airports CEO Arun Bansal emphasized the need for three national carriers to cater to India's aviation demands. He stated that strengthening domestic airlines is crucial before embracing more international competition. Passenger traffic is expected to rise, requiring robust airline ecosystems and regulatory changes. Adani Airports plans to invest significantly in infrastructure to support this growth. The company aims to expand its capacity and participate in upcoming airport privatization initiatives.
Air India CEO eyes wide-body aircraft order expansion, says profitability remains a concern
Air India CEO Tewolde Gebremariam emphasized the airline's commitment to enhancing financial performance and expanding its aircraft orders. The airline seeks to capitalize on significant growth opportunities in the aviation sector amidst current industry challenges. Gebremariam expressed the need for India to make timely decisions for its potential as a global aviation hub. Air India also aims to rethink its hubs and network structure to adapt to changing conditions.
Krafton steps up India bets to build next global gaming franchise beyond PUBG
Krafton Inc. is actively investing in India's gaming industry to fuel its growth and develop new titles. The company aims to expand beyond its successful PUBG franchise, which has achieved immense popularity in India. With plans to acquire another studio, Krafton seeks to leverage India's talent pool and expertise in software development. The Bangalore team is expected to grow significantly, aided by advancements in artificial intelligence.
5 cups of coffee before 10 am, 8 cups daily: At 50, Nestlé CEO reveals his unusual coffee habit. ‘I just like the flavour’
Philipp Navratil, the CEO of Nestle, has an exceptional coffee ritual, enjoying 8 cups daily, favoring cold-brewed black coffee. His morning starts with hydration, drinking water before indulging in his first cup. His day winds down with a final espresso or decaf after dinner, yet he still achieves a full eight hours of rest. Rising at 6:30 am, he prioritises productivity during his morning routine until lunch.
Elon Musk vs Sam Altman: After OpenAI CEO questions people's RAM usage at home, Musk defends ordinary users with a meme
Elon Musk has taken a dig at OpenAI CEO Sam Altman after the latter questioned why people keep large amounts of RAM in their personal computers when the limited memory supply could be used more efficiently by AI data centres. Sharing a meme on X, Musk defended ordinary consumers. The exchange comes amid a global memory shortage that is driving up prices of PCs, smartphones and other electronic devices.
Banks are safe; AI bubble is the risk for global markets: Julius Baer CEO Stefan Bollinger
Stefan Bollinger highlights the potential risk of an AI bubble affecting global markets significantly. He notes that India's equity valuation correction is healthy, maintaining the country's growth story. Investors are increasingly diversifying their portfolios with a focus on hedge funds and private equity. The Fed's decision on rates remains uncertain, though high inflation complicates matters. Rising yields in Japan are likely to attract domestic investors back to their markets.
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