In the news
Indra Nooyi to step down as PepsiCo CEO, Ramon Laguarta to take over
06 Aug 2018
Since Nooyi took over as CEO, PepsiCo has delivered total shareholder return of 162 per cent, returned $79.4 billion to shareholders through dividends and buybacks, nearly tripled dividends and increased revenue from $35 billion to $63.5 billion
Stock shock unlikely to ruffle Zuckerberg's leadership in Facebook
28 Jul 2018
It was the biggest one-day loss in wealth recorded by an individual in human history — Mark Zuckerberg, 34, the Facebook founder and CEO, lost a whopping $15.1 billion in the first five minutes of trading in the US on Thursday
Vijay Mallya offers to return as ED moves to confiscate his assets
25 Jul 2018
Beleaguered tycoon Vijay Mallya’s change of heart comes after the Enforcement Directorate moved to confiscate his assets in India and abroad under the Fugitive Economic Offenders Ordinance
Ousted Pak PM Nawaz Sharif gets 10-year jail for corruption
06 Jul 2018
The verdict comes days ahead of the general election in Pakistan where Nawaz Sharif’s party Pakistan Muslim League is in a close race with the Imran Khan-led opposition party
UK court allows search and seizure at Vijay Mallya's properties
06 Jul 2018
The UK high court has allowed British enforcement authorities to enter fugitive Indian business man Vijay Mallya’s properties near London for search and seizure of documents related to the his business dealings.
Former petroleum secretary Girish Chaturvedi to be new ICICI Bank chairman
29 Jun 2018
The board of ICICI Bank said on Friday it has appointed retired petroleum secretary Girish Chandra Chaturvedi as the non-executive chairman
CEA Arvind Subramanian resigns, to return to US
20 Jun 2018
In his letter of resignation chief economic advisor Arvind Subramanian has cited pressing family commitments for his decision to return to the US, union minister Arun Jaitley said today
Amazon CEO Jeff Bezos added $5-bn to his wealth since 1 June: Forbes
19 Jun 2018
Jeff Bezos, the world’s richest man with a net wealth of $141.9 billion, is now $49-billion richer than Microsoft founder Bill Gates and $60-billion richer than Warren Buffett, the founder chairman and CEO of Berkshire Hathaway
Sandeep Bakhshi made ICICI Bank COO; Kochhar is CEO 'on leave’
19 Jun 2018
ICICI Bank board, which earlier tried to shield the CEO from the allegations levelled against her by an anonymous whistleblower, now claims the bank is following the “highest levels of governance and corporate standards”