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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.
Mukesh Bansal takes a step back after months of confusion within the company about who calls the shots, and a culture clash between its legacy and digital ambitions.
Mukesh Bansal is no longer overseeing operations at Tata Digital. The president of the Tata group’s internet arm has decided to move away from the company’s day-to-day activities, especially those involving the conglomerate’s super app, Tata Neu. Bansal will instead be spending more time at Cult.fit, the fitness chain he founded seven years ago, according to three people aware of the matter, who did not want to be named.
The Economic Times first reported the development two weeks ago. However, Bansal had been contemplating change for a while and seems to have made the decision some time late last year, …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Government subsidies have drawn companies into basic chip packaging, where China and Malaysia already hold an edge. Moving up the value chain may prove to be a stiff task.
The two new chief executives at Air India and IndiGo come with contrasting reputations but face the same challenge—do their predecessors one better.
