The Zilingo meltdown has rattled the tech industry in Southeast Asia and beyond. The startup had raised more than $300 million from some of the region’s most prominent investors, including Temasek Holdings Pte and Sequoia Capital India, the regional arm of the Silicon Valley firm that backed Apple Inc. and Google.

Plot A fire in a Moscow hostel The Presnensky District Court issued a decision to arrest Eleonora Mironova, the general director of a hostel in the Russian capital, where 8 people died as a result of a fire, Izvestia reports. Eleonora Mironova was arrested until September 29. Earlier, the Presnensky District Court decided to send … Continue reading The court arrested the CEO of the hostel, where 8 people died in a fire

Securities and Exchange Board of India (Sebi) has approved the appointment of Ashish Kumar Chauhan as the MD & CEO of the National Stock Exchange (NSE). His appointment is subject to acceptance of the offer made to him and fulfilment of terms & conditions, including approval from shareholders of NSE.

Parameswaran Iyer has been appointed as the chief executive officer (CEO) of NITI Aayog, according to a government notification. He was a former drinking water and sanitation secretary. He had resigned from the post in July last year.

Bose was earlier placed under suspension by the company’s board on March 31 when it appointed an independent forensics firm to look into alleged financial irregularities. The board says that on April 11, after being placed on suspension, Bose brought to their attention certain harassment complaints against investors, and a consulting firm was also appointed … Continue reading Zilingo sacks CEO after probe into fin irregularities

Twitter Inc CEO Parag Agrawal on Monday tweeted that internal estimates of spam accounts on the service for the last four quarters were “well under 5%.” Agrawal said on Twitter that this estimate can not be reproduced externally given the need to use both public and private information.

The country’s oldest stock exchange BSE has also embarked on a search for a chief executive and managing director ahead of incumbent Ashish Kumar Chauhan’s term ending in November.

Leading stock exchange NSE, which is facing allegations of governance lapses, has started the hunt for a new managing director and chief executive officer as the five-year tenure of incumbent chief Vikram Limaye is ending in July.

Swedish furniture retailer Ikea (part of Ingka Group), on Wednesday announced the appointment of Susanne Pulverer as its new and first woman CEO and CSO (chief sustainability officer) for its India business.

The RBL Bank board decided in its meeting on Thursday to hire a search firm to identify a new CEO. The board also appointed a search committee comprising directors to evaluate candidates for the top position at the bank.

The Reserve Bank has approved the appointment of Rajeev Ahuja as the interim MD and CEO of RBL Bank for three months or till there is a regular appointment. In a sudden turn of events, the board of the bank had on last Saturday sent the then Managing Director and Chief Executive Officer Vishwavir Ahuja … Continue reading RBL Bank gets RBI nod to appoint Rajeev Ahuja as interim MD, CEO

After a turbulent debut for the company behind India’s largest initial public offering, Paytm’s top executives spent 90 minutes on a call with investors and analysts on Saturday as they dissected its business model and raised questions on monetization.

A committee comprising top Indian CEOs has argued that India’s proposed free trade agreements (FTAs) could help push exports of auto components and textiles, while also suggesting a sustained effort to reduce five disabilities for domestic companies — cost and ease of doing business, market access via trade treaties, technology and quality issue and supporting … Continue reading Lower costs, ink FTAs to push exports: CEO panel

The Life Insurance Corporation of India (LIC) will now have the post of chief executive officer and managing director instead of the chairman position, with the government making changes to relevant rules ahead of the insurer’s initial public offering this fiscal.

Taking a tough stance on the governance of urban cooperative banks, the Reserve Bank of India (RBI) on Friday announced minimum qualifications and age limits for CEOs and whole-time directors of these banks as part of its ‘fit and proper’ criteria.

As Covid-19 ravaged the world last year, CEOs’ big pay packages seemed to be under as much threat as everything else. Fortunately for those CEOs, many had boards of directors willing to see the pandemic as an extraordinary event beyond their control.