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Major Indian Banks See CFO Reshuffle Ahead of Q1 Results
Axis Bank and Bandhan Bank's Chief Financial Officers resigned ahead of Q1 results, with Puneet Sharma of Axis Bank expected to join HDFC Bank and Rajeev Mantri of Bandhan Bank likely to take Sharma's role at Axis Bank, signaling significant leadership changes in India's private banking sector.
Google Executive Yousuf Imran Leaves High-Paying Job Over AI Fears to Launch Own Startup
Yousuf Imran, a former Google account executive earning nearly $1 million annually, left his job after six years to launch Mangosteen Studio, an AI product lab. His decision was driven by concerns over Google's layoffs and a desire to capitalize on the AI boom by building his own business.
Government lifts restrictions on bulk fuel purchases at retail pumps
India's government has removed restrictions on bulk buyers purchasing petrol and diesel from retail fuel stations, effective July 1. This decision follows a 20% drop in global crude oil prices, which narrowed the price gap between bulk and retail fuel, resolving previous supply disruptions.
Gen Z's Late-Night Habits Fuel 'Fourth-Meal Economy' for Food Businesses
Gen Z's tech-driven late-night activities, including streaming and gaming, are boosting the "fourth-meal economy." Fast-food chains and delivery services are seeing increased demand, adapting with extended hours and menu engineering, signaling a permanent shift in the food business.
Real Money Gaming Founders Urge GST Council to Waive Personal Tax Liabilities and Grant Amnesty
Founders of real money gaming companies have appealed to India's GST Council to waive personal tax liabilities and grant amnesty on retrospective dues following a Supreme Court ruling. The industry, facing a reduced but still heavy tax burden of ₹50,000 crore, warns of widespread insolvencies without relief.
HUL appoints Koteshwar L.N. as CEO of wellness nutrition business Oziva
Hindustan Unilever Ltd (HUL) appointed Koteshwar L.N. as CEO of its wellness nutrition business Oziva, amidst strong category growth. Koteshwar will also oversee HUL's broader wellness portfolio, including Liquid I.V., following Oziva's acquisition and significant growth.
