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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Outgoing CEO’s resignation comes a day after the sale of a part of his promoter stake through a block deal.
Easy Trip Planners, which operates travel portal EaseMyTrip, announced a leadership transition through an exchange filing on Wednesday. Its chief executive officer and co-founder, Nishant Pitti, stepped down on 1 January citing personal reasons.
The company's board has named Rikant Pittie, the chief financial officer and Nishant's brother, as the new CEO with immediate effect.
Nishant Pitti's resignation follows his recent sale of a 1.41% stake in the company, amounting to 5 crore shares, at Rs 15.68 each (totalling to Rs 78.32 crore or about $9 million) through a block deal on 31 December.
This transaction reduced his individual stake …
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A tourist visa initiative, long in the making, is set for a year-end rollout. This could foster new levels of regional cooperation across the GCC.
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