Board names new leadership in a planned succession The company’s board has announced a planned leadership transition. Gopal Vittal will move into the role of executive vice chairman, while Shashwat Sharma is set to become the new CEO starting 1 January 2026. What the change means The appointments formalize a clear succession plan and create … Read more
Airline has issued a travel advisory for December 18 warning passengers of possible flight disruptions due to adverse weather in the UAE. Rain and thunderstorms may affect schedules, so travellers on routes to or from the UAE should be prepared for delays or cancellations. What passengers should know Potential disruptions: Heavy rain and thunderstorms can … Read more
CEO announces new group led by Peter DeSantis Andy Jassy told employees in an internal message — also posted on the company’s corporate blog — that a new organizational group will be formed and that Peter DeSantis will lead it. The announcement signals a leadership shift meant to refocus resources and expertise under a single … Read more
SEC filing shows multiple acquisition offers A Securities and Exchange Commission filing revealed that Warner Bros. Discovery received acquisition proposals on November 20. The offers covered either the entire company or parts of its business, according to the disclosure. Who submitted bids Netflix — an offer for all or some of the business Paramount — … Read more
Co‑founder buys back Indian arm at a steep discount Mohan Lakhamraju, co‑founder of an edtech company, has reacquired its Indian unit from the parent company that bought the business earlier — paying only a fraction of the roughly $600 million price tag from the earlier deal. The move marks a quick turnaround as founders reclaim … Read more
Indian space startups cross a new funding milestone Digantara’s recent $50 million Series B round puts it alongside Skyroot as one of only two Indian space startups to raise such a large sum in a single funding round. Big-name investors, including Peak XV, are increasingly confident that India’s private space sector can attract large capital … Read more
Federal Reserve ends supervisory notices to Citi, sources say The Federal Reserve has terminated supervisory notices that required Citi to improve its risk controls, people familiar with the matter told Reuters. The move removes formal written demands that the bank take steps to strengthen its governance and risk-management practices, according to the sources. What this … Read more
COO Appears Before Parliamentary Panel Over Recent Flight Disruptions Isidro Porqueras, the chief operating officer of a major low-cost carrier, arrived in Parliament on Wednesday to appear before the Parliamentary Standing Committee. The committee is probing a series of flight disruptions that affected thousands of passengers in recent weeks. Why the Committee Called the COO … Read more
How a Small Idea Became a 45‑Minute Grocery Promise During the Covid-19 lockdowns, two founders spotted a clear gap in India’s e-commerce scene: people needed groceries and essentials faster than traditional delivery models could offer. That insight led them to build a service focused on speed, convenience and neighbourhood reach. From Kiranakart to a fast‑commerce … Read more
What a $100,000 price tag on new H‑1B hires means The proposal to levy a $100,000 cost for hiring new H‑1B workers from outside the United States would be a sharp shock to the IT outsourcing and staffing industries. These sectors rely heavily on bringing skilled foreign workers into U.S. roles, and a six‑figure fee … Read more