February 2020

Replace hamburgers with samosas, Anand Mahindra suggests White House Mahindra Group CEO Anand Mahindra thinks that the White House may soon have to replace hamburgers with samosas at the conclaves it hosts after the appointment of Arvind Krishna as the new IBM CEO. Soon after the announcement of Krishna’s appointment as the new IBM CEO, Mahindra sent out a tweet calling it a ‘stunning endorsement of the managerial capabilitiesof Indian-origin managers.’ Mahindra also hailed Microsoft CEO Satya Nadella, Alphabet and Google CEO Sundar Pichai, and Adobe Systems’ CEO Shantanu Narayen. “This places a responsibility on Indian managers to demonstrate that...

Sandeep Mathrani to head WeWork: World’s top tech companies now run by Indian-origin CEOs Indian-American real estate veteran Sandeep Mathrani is set to replace Artie Minson and Sebastian Gunningham as the chief executive officer (CEO) of WeWork even as the company attempts to stabilise its business after a failed attempt to go public. Minson and Gunningham are co-CEOs of the company and Mathrani will take over on February 18. Mathrani, who most recently served as CEO of the retail group of Brookfield Properties, will also be a member of the company’s board, WeWork said. “I am honoured to be joining...

Facing a leadership crunch, Indian IT sector on the lookout for overseas talent BENGALURU : Indian information technology (IT) companies seem to be facing a leadership crunch, as they increasingly look to replace the top management with external candidates. Wipro Ltd was the latest to join this trend following the resignation of its chief executive officer (CEO) and managing director (MD), Abidali Z. Neemuchwala. Neemuchwala, the former CEO of the BPO division of Tata Consultancy Services (TCS) Ltd, was named Wipro CEO four years ago.  Source: Livemint

AirAsia CEO Tony Fernandes and chairman step aside as Airbus bribery allegations probed KUALA LUMPUR : AirAsia Group CEO Tony Fernandes and Chairman Kamarudin Meranun will step aside for at least two months while the airline and authorities investigate allegations Airbus paid a bribe of $50 million to win plane orders from the company. A committee comprising the non-executive members of AirAsia’s board will review the allegations and take any necessary action, Asia’s biggest budget airline said on Monday. Source: Livemint

Manoj Bajpayee Shares Pics of Renovated Ancestral Home in Bihar, Says ‘Missing My Village Already’ Manoj Bajpayee shared pictures of his ancestral home in Belwa, Bihar saying that his father had got it renovated and it was shining as a result. Manoj seemed proud as he claimed that he was delighted to be born in this particular part of the world. Sharing pics of his newly renovated village home, Manoj wrote on Instagram, “My village house in Belwa, Bihar. Babuji got it renovated and it’s shining now. Always feel lucky to have been born in this part of the world....

Alia Bhatt believes in living within a budget, owns houses in Mumbai and London and fancies buying a private jet Actor Alia Bhatt saw success rather early in life but comes across as a sensible person. Her financial planning too reflects that attitude. In a new interview with Economic Times’ Panache magazine, she said how she knows how to live within a budget and invests in bonds and mutual funds. She said that she believed in the merits of living within a budget. She said, “I can live within a budget. I don’t spend that much. My chartered accountant often tells me ‘Why don’t...

Homeless, empty stomach, century against Pakistan: Yashasvi Jaiswal hits big at ICC U19 World Cup From a prodigy in domestic cricket to making it big on the U-19 international scene, Yashasvi Jaiswal has come a long way as he slammed a majestic century against Pakistan to fire India into final of the ICC Under-19 Cricket World Cup in South Africa. He is also the current top-scorer of the tournament and is waving the Indian flag high. Jaiswal, however, became the talk of the town after his heroics in the Vijay Hazare trophy late last year where he became the youngest to...

Kohli confirms ODI debut for Prithvi Shaw India captain Virat Kohli said that Prithvi Shaw is “definitely going to start”, on the eve of the first ODI against New Zealand, confirming that the 20-year-old Mumbai batsman is in line to become India’s 230th cricketer in the 50-over format. Shaw is just coming off a major roadblock in his young international career. After making a century on Test debut against West Indies in October 2018, Shaw was forced to forego the tour of Australia, after he twisted his ankle during a warm-up match. He was subsequently slapped with a doping ban,...

Jim Cramer: Tesla’s success is reminiscent of Amazon and Netflix CNBC’s Jim Cramer said Thursday that Tesla’s success reminds him of what has been accomplished by Amazon and Netflix, companies that overcame early doubters to upend industries. “Wall Street never runs out of money for a company that has the best product, flawless execution and off-the-charts demand,” the “Mad Money” host said. “They don’t come around very often, but when they do, the usual financial concerns go out the window and … the real believers make big money.” Source: CNBC

IBM’s new CEO Arvind Krishna is mastermind behind cloud strategy for growth In July of 2017, International Business Machines Corp executive Arvind Krishna walked into a routine meeting with senior leaders and delivered a surprise pitch that changed the course of the iconic 108-year-old company’s future.For months Krishna, the head of IBM’s cloud computing division, had been thinking about a way to connect clients’ most important data, which was often held on private servers, to public cloud servers run by others including IBM, Amazon.com Inc and Microsoft Corp. Finally he proposed a way, creating IBM’s so-called hybrid multi cloud strategy. Source: The Indian...