This follows nearly 12–18 tumultuous months for one of the early movers in the quick commerce business. The discussions come at a time when the sector is witnessing heightened activity and peak investor interest. Retail Retail, which holds a 25.8% stake in Dunzo, has not yet given the green light to the proposal of Biswas to quit the struggling instant delivery startup.
The Board of Directors in their meeting held on December 25, 2024, have appointed Amitava Chatterjee as Managing Director and Chief Executive Officer of the bank for a period of three years to be effective from December 30, 2024, J&K Bank said in a regulatory filing.
Prior to joining Tata AutoComp Systems, Kolhatkar was associated with Anand Group as Group Co-COO, overseeing critical corporate functions and spearheading multiple joint ventures.
Previously, Mehta was associated with organisations such as Avendus Capital, Kohlberg Kravis Roberts (KKR), Nomura and Citigroup.
IT firm Wipro on Monday said it has appointed Omkar Nisal as the chief executive officer for its Europe strategic market unit (SMU), with immediate effect. Nisal, who will also become a part of the Wipro executive board, will report directly to company CEO and MD Srini Pallia, according to a company statement.
KP Group has appointed Alok Das as its Group Chief Executive Officer (Group CEO) with immediate effect. Das brings over 30 years of experience in the Renewable Energy industry, specialising in wind, solar, hybrid energy systems, green hydrogen and ammonia, including offshore technologies, KPI Green Energy said in an exchange filing.
The company cut its 2024 revenue growth target to 2-5% compared to last year, from 7-9% previously, after underperformance in markets except Asia-Pacific and the German-speaking region in the quarter resulted in revenue growth of 3.1%, undershooting its own and market expectations.
Evolv's board of directors terminated chief executive Peter George on Wednesday, effective immediately, according to a Thursday announcement from the company. Michael Ellenbogen, Evolv's current chief innovation officer, will step into the role as interim CEO and president.
Leading telecom service provider Bharti Airtel on Monday said that Gopal Vittal, who led the company as Managing Director and CEO for the last 12 years, is being appointed Executive Vice Chairman as part of a structured succession process.
Starbucks on Tuesday pulled its earnings guidance for the coming fiscal year and reported a 6% fall in fourth-quarter same-store sales in the U.S.. Niccol said baristas need to be supported to provide "exceptional service" to customers.
The company has also announced the superannuation of Vimal Bhandari, outgoing CEO and Executive Vice Chairman, Arka Fincap, according to a statement.
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