GLOBAL LEADERSHIP
US Defence Secretary praises Joe Biden's leadership, statesmanship after he drops out of presidential race
President Biden's legacy, as outlined by Lloyd Austin, includes a robust defence of democratic values and strategic initiatives that have fortified America's position on the global stage. Notably, President Biden spearheaded international efforts to support Ukraine in the face of Russian aggression, revitalised US engagement in the Indo-Pacific region, and bolstered NATO alliances.
Sanjeev Krishan re-elected as PwC India Chairperson
Sanjeev Krishan secures re-election as Chairperson of PwC in India, with over 400 partners voting. PwC's revenue surpasses $1 billion under Krishan's leadership, with a strong focus on growth and expansion. The firm's India revenues exceed Rs 9,000 crore and employee count nears 30,000. PwC intensifies domestic market focus and invests in advisory services and new units. The Big Four firms in India experience remarkable growth rates, surpassing China. Both local and global operations show significant impact on the industry.
Government unlikely to tinker with capital gains tax; market leadership to stay with cyclicals: Hiren Ved
There is always sector rotation. But the leadership that we have seen in power, capital goods, defence, railways, the so-called cyclical sectors is not going away anytime soon. They may go sideways, they may correct, but that is part of the healthy trend. It is a long-term trend and is not expected to reverse soon, says Hiren Ved.
ET Leadership Excellence Awards 2024 honours the leadership and innovative prowess of these trailblazing entrepreneurs
The ET Leadership Excellence Award at Holiday Inn Lucknow Airport on June 23, 2024, honored 39 leaders. Asim Arun and Ronit Roy presented awards. Sudhir Mishra, Yawer Ali Shah, and Dr. Sandeep Kapoor spoke. Directed by Shiv Shankar Awasthi, the event emphasized gratitude, dedication, and celebrated excellence, unity, and hard work in leadership.
Who should drive AI adoption — teams or leadership?
While leaders have a pivotal role in bringing in new technologies, AI’s success in manufacturing requires the help of the workforce too.
India Inc senior keen to book C-Suite for pros under 50
Traditional groups cap CXO age at 50. A mid-fifties candidate was overlooked. Younger CEOs/CXOs, preferred for tech adaptability post-pandemic, fit the 'sweet spot' age aiding old economy firms. Pawan Goenka noted internal grooming. Rajiv Dube favours longer terms. Young leaders, noted by Harsh Goenka and Claricent Partners, are ambitious and successful.
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Toilet cleaning stories of world's richest - Elon Musk and Jensen Huang - will shock you
Recently, Nvidia's founder and CEO Jensen Huang shared his leadership insights and generative AI perspectives with Stanford students. He recounted humble beginnings as a dishwasher and toilet cleaner, emphasizing that no task is beneath him. Elon Musk, resonating with Huang’s story, praised his early work ethic.
How India can leverage its cultural riches to stimulate its economy
India's cultural heritage is being recognized as a potential driver for economic growth, with efforts being made to leverage traditional industries and tourism. Government initiatives, like the redevelopment of Ayodhya and Kashi Vishwanath Temple, are yielding positive results in terms of increased visitors and revenue. Prime Minister Modi's focus on promoting Indian culture globally through initiatives like Tamil Cultural Centers and showcasing heritage on the G20 platform is notable. The goal of developing a comprehensive Cultural Economic Model to propel India's economy towards development by 2047 is being emphasized, with the potential to serve as a blueprint for other countries.
BFSI captives hunt for leadership talent
Executive search firms ET spoke to said candidates from product organisations are tapped for technology hiring, and for non-technical roles, domain and functional expertise remain paramount. Compensation ranges at around Rs 1 crore for those with 18-25 years of experience. For CFO roles, packages could be in the range between Rs 2-4 crores.
View: Gender diversity needs work
This year, 797 women candidates contested the general elections, constituting 9.6% of the total 8,337 candidates. Only 74 of them won a seat in the 18th Lok Sabha - four fewer than the number of women in the 17th Lok Sabha. This comes less than a year after the passage of the Women's Reservation Bill, which reserves one-third of seats in Lok Sabha and assemblies for women.
Sugar summit: India to hosts Global ISO Council meet from June 25-27, showcases biofuel leadership
India is set to host the International Sugar Organization (ISO) Council Meeting from June 25-27, bringing together delegates from over 30 countries to discuss critical issues in the sugar and biofuel sectors. India, the world's largest consumer and second-largest sugar producer, has been nominated to chair the ISO for 2024.
CEO succession planning is important. But how you go about it makes all the difference
Succession planning, including CEO succession plans and leadership pipelines, is crucial for company stability and success. Companies with robust succession plans outperform peers by 20% in revenue growth. Neglecting leadership pipelines can cost companies nearly $1 trillion annually, emphasizing the importance of effective planning.
Good time for IndiGo to grab market share in international segment: Pieter Elbers
If you look at international, though, we do 33 destinations today and they are pretty much in the region and some of the regional and I would say beyond regional expansions, which we recently did, starting flights into Africa, starting flights into Indonesia and starting flights into Central Asia, have been extremely encouraging.
Modi good not just for India but for entire South Asia: Pakistani-American businessman
Pakistani American businessman Sajid Tarar praises Prime Minister Narendra Modi for ensuring stability in India and South Asia, emphasizing Modi's leadership as crucial for the region's future. Tarar hopes for improved India-Pakistan relations under Modi's leadership, highlighting the need for strong leadership in both countries to address political and economic challenges.
Vellayan Subbiah, chairman of Cholamandalam Investment & Finance Co, wins EY World Entrepreneur of the Year award
Vellayan Subbiah, executive vice-chairman of Tube Investments of India and chairman of Cholamandalam Investment & Finance Co, has won the EY World Entrepreneur of The Year 2024 title. Subbiah was chosen from nearly 5,000 businesspeople worldwide. India's fourth win in 24 years solidifies its status as the only country across EY regions to achieve this feat. Subbiah's leadership in his family's business and his transformation of TII, a 70-year-old manufacturing company, demonstrate his humble and personable approach to leadership.
Tech Mahindra subsidiary Comviva names Rajesh Chandiramani as CEO
Comviva, a digital solutions provider, has appointed Rajesh Chandiramani as CEO and whole-time director, effective June 1, 2024. Chandiramani succeeded Manoranjan 'Mao' Mohapatra, who retired in May 2024. Chandiramani previously held senior leadership roles at Tech Mahindra. Comviva aims to strengthen its position as a global leader in customer experience and data monetisation solutions.
Percentage of women in senior leadership roles increases to 18% in 2023 from 16% in 2016: Report
The report by LinkedIn and The Quantum Hub highlights that while there has been an increase in women joining the workforce, leadership positions still lack gender parity. The representation of women across the workforce rose to 26.8% in 2024, but senior leadership roles only account for 18.3%, showing a decline from the previous year. Industries like education and government administration have higher female leadership representation, while sectors like construction and utilities lag behind.
Modi has pulse of the average man, leads by example, says head of IIT alumni nonprofit body
"You can have many politicians who can say something but mean something else. But here you have a person who is leading by example and his leadership, his work ethic, his delivering performance from his account is perpetuating in terms of every minister, every ministry following and being forced to lead that, to follow that," said Ratan Agarwal, president of WHEELS Global Foundation.
Initiatives on track to increase women’s participation across levels, say 54% Indian employers – much above global average of 46%
Internal leadership development programmes, followed by flexible working policies, most effective in helping retain and secure diverse talent, finds ManpowerGroup Diversity Outlook Survey
Where is the maximum margin of safety over the next 4-5 years? Trideep Bhattacharya explains
Trideep Bhattacharya highlights India Inc's earnings resilience, capex cycle indicators, and real estate sector trends for market insights. Bhattacharya further says that earnings for India Inc are likely to be robust going ahead and within that pool, stock picking is what will be doing the talking for the fund managers.
Talent-hunting tech rivals circle around vexed LTIMindtree
LTIMindtree was born out of the merger between L&T Infotech and Mindtree in November 2022. Analysts have attributed this to integration pains. CEO Debashis Chatterjee has said it’s business as usual.
India sets sights on global renewable ammonia market, takes strides towards sustainable energy leadership
India is positioning itself as a key player in the renewable ammonia market with several international trade agreements already inked and more on the horizon. According to S&P Global Commodity Insights, however, industry insiders emphasize the need for greater policy clarity and price stability to transform these agreements into binding deals.
MNCs now offer best salary package to seasoned professionals to scale up their GCCs in India
Industry leaders report that multinational corporations are offering substantial compensation packages to recruit experienced professionals for their global capability centers (GCCs) in India. Over the past two years, there has been a noticeable increase in GCCs offering annual salaries ranging from Rs 3-6 crore to specialized leadership talent.
Technology-enabled professional services firm Sikich Secures $250 Million minority growth investment from Bain Capital
Sikich LLC received a $250 million investment from Bain Capital to accelerate growth and maintain professional services leadership under CEO Christopher Geier.
On National Day, Israel Prez Isaac Herzog commends PM Modi's support after Hamas attacks
Israeli President Isaac Herzog praised Prime Minister Narendra Modi for his support following the October 7 Hamas attacks. Speaking during Israel's National Day celebrations in New Delhi, Herzog highlighted the strong democratic values and robust bilateral ties between Israel and India. Modi's quick condemnation of the attacks was noted as standing "on the right side of history." Foreign Secretary Vinay Kwatra reaffirmed India's zero-tolerance approach to terrorism and celebrated the growing India-Israel partnership, emphasizing collaboration in various sectors and the enduring bond between the two nations.
Boomerang employees: Why employers like returning talent
Professionals experiencing the "grass is greener" syndrome may find themselves considering returning to previous employers, termed "boomerang" candidates. Companies, recognizing the value in these individuals' fresh skills and perspectives, are strategically embracing this trend. Mid-career employees and even CXOs are increasingly participating, reflecting evolving workplace dynamics and the importance of alignment in values and leadership behaviors.
Green energy stocks surge up to 600%! Why green is the new gold on Dalal Street
Green energy stocks surge on Dalal Street with up to 600% returns fueled by India's renewable energy growth. Investors eye opportunities in the sector, driven by ambitious targets, support from Morgan Stanley, and initiatives like the rooftop solar scheme under Pradhanmantri Suryodaya Yojana.
Foreign lands turn hunting ground for CXO search companies
Global CEO and CXO searches by Indian companies and MNCs focus on specialist roles in high-tech sectors like automotive and pharmaceuticals, emphasizing expertise in data centers, cloud computing, and EV technologies. Returning Indians are sought for their industry knowledge.
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