Unilever on Tuesday announced that Hein Schumacher is stepping down as the Chief Executive Officer and as a Board Director on 1 March 2025. The company further added that he is leaving by mutual agreement, and will leave the company on 31 May 2025. Hein Schumacher said, “It has been a privilege to lead Unilever.
Adani Group, Reliance Industries (RIL), state-owned NTPC, and several other companies on Monday committed total investments worth around Rs 4 lakh crore across various sectors in Madhya Pradesh. ALSO READIs DBS Group really cutting down 4,000 jobs over the next three years? At the state’s investment summit, Adani Group announced an investment of Rs 1.1
Zomato has invested an additional Rs 1,500 crore in Blinkit, according to regulatory filings with the Registrar of Companies (RoC). This comes a month after it infused another Rs 500 in its quick commerce arm. The infusion comes at a time when Blinkit is aiming to maintain its market leadership by going aggressive on opening
The temporary workforce in non-banking financial companies (NBFCs) is driving financial inclusion and supporting underserved markets such as micro, small and medium enterprises (MSMEs) and rural areas, according to a TeamLease report. It highlights that even though technology is reshaping customer-facing roles in sales, support, and collection; the temporary workers play a key role as
India’s annual capacity addition of wind power is expected to more than double to 7.1 gigawatt (GW) on average in the next two financial years, compared with 3.4 GW during the 2023-2025 period, driven by government measures to ramp up the pace, according to Crisil Ratings. The expected capacity addition will take the installed wind
The IT industry must transition from an input-based model — where revenue is tied to workforce expansion — to a more output-driven approach, as AI and automation continue to reshape the sector. Speaking at the Nasscom Technology and Leadership Forum 2025, HCLTech CEO and managing director C Vijayakumar highlighted the need for a fundamental shift
Lauritz Knudsen, part of Schneider Electric Group, is exploring innovations such as hydrogen analysers and wind energy systems and is becoming part of EV charging infrastructure as part of its plans to grow its renewable energy business. In 2020, Schneider Electric acquired L&T Switchgear, Larsen & Toubro’s electrical and automation business, for Rs 14,000 crore
Veteran banker and Padma Bhushan awardee KV Kamath will be honoured with the Lifetime Achievement Award at EY India’s 26th Entrepreneur of the Year (EOY) Awards on March 5. Renowned for his transformative leadership in India’s financial services sector, Kamath joins an esteemed list of industry stalwarts recognised for their contributions to business and economic
Ride-hailing platform Rapido is in advanced talks with restaurants and industry associations across four major metro cities to challenge the dominance of Swiggy and Zomato, which together command an estimated 95% market share. The move comes at a time when restaurants have been voicing growing concerns over high commission rates and potential conflicts of interest following
BNW Developments, the real estate developer, has partnered with the Indian Hotels Company Limited (IHCL) to bring the Taj Wellington Mews brand to the UAE. The signing ceremony occurred on March 10 at Taj Dubai. “The Taj Wellington Mews residences will introduce a blend of modern elegance, master craftsmanship, and world-class hospitality, offering an unparalleled
Fashion retailers including Arvind Fashions, Trent, Blackberrys, and Madura Fashion & Lifestyle are presenting collections almost every month these days. That’s down from the typical six-monthly cycle and in response to consumers’ more frequent demands for newer styles. While the concept of a quick rollout to market is not new to the fashion world with
US President Donald Trump’s tariff threats have been keeping stock markets on tenterhooks in the past couple of months. However, A Balasubramanian, managing director and CEO, Aditya Birla Sun Life AMC, believes that foreign portfolio investors should make a comeback into Indian markets from June. He tells Ananya Grover that while the current volatility will continue, the incremental
As it eyes the unicorn status, business-to-business (B2B) raw materials marketplace Bizongo, which is currently valued at $980 million, is enhancing its logistics vertical to boost its platform capabilities. The logistics arm, launched in November 2023, currently works on an asset-light model with partnerships with vendors, but the startup intends to start owning warehouses in
