PRODUCT LEADERSHIP
Hero MotoCorp names Harshavardhan Chitale as CEO effective Jan 2026
Hero MotoCorp on Monday appointed Harshavardhan Chitale as CEO effective January 5, 2026, succeeding acting CEO Vikram Kasbekar. Chitale, an IIT Delhi alumnus and former global CEO at Signify’s professional business, has also held senior roles at Philips Lighting India, HCL Infosystems and Honeywell.
Japan's Topix hits record high, yen and bonds fall on PM Ishiba exit
Japan's Topix share gauge reached a record high, the yen weakened and longer-dated bonds slid on Monday after Prime Minister Shigeru Ishiba's resignation stoked speculation that his successor will raise government spending.
Japan's stressed bond market, stocks brace for PM Ishiba exit reaction
Japan's stressed government bond market and soaring stocks are set for more volatility on Monday after the resignation of fiscal hawk Prime Minister Shigeru Ishiba.
Karnataka approves 6-acre Quantum City near Bengaluru
This comes a month after the state hosted the "Quantum India Bengaluru" conference, attended by Nobel laureates and leading scientists, as the state seeks to establish a lead in quantum technology.
Alibaba leads $140 million funding round in X Square Robot
The Hangzhou-based company has said it plans to spend $53 billion on AI infrastructure over three years in a major pivot. Artificial intelligence advancements promise to usher in a new generation of smarter robotics, and Beijing has made developing that sector a national priority.
US FDA to fast-track nicotine pouch reviews amid pressure from Trump administration
The US Food and Drug Administration will expedite reviews for nicotine pouches from four tobacco firms. This pilot program starts on Monday. Philip Morris International, Altria, Reynolds American, and Turning Point Brands are participating. The FDA aims to complete reviews by December. This move follows pressure to accelerate approvals.
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Hero MotoCorp appoints Harshavardhan Chitale as CEO
Hero MotoCorp has a new Chief Executive Officer. Harshavardhan Chitale is the new CEO. He has over three decades of global leadership experience. Chitale previously served as Global CEO of Signify’s Professional Business. Vikram Kasbekar, the Acting CEO, will remain on the board. He will serve as Executive Director and Chief Technology Officer.
Japan's Topix hits record high, yen falls as PM Ishiba resigns
Following Shigeru Ishiba's resignation, Japan's Topix index reached a record high, while the yen weakened amid speculation that his successor will increase government spending. Sanae Takaichi, a potential candidate known for expansionary fiscal policies, is seen as positive for equities but potentially challenging for the bond market.
Kerala Congress social media head quits amid Bihar backlash
Following a contentious tweet linking bidis and Bihar, which sparked outrage from political parties, including ally RJD, the Congress party's Kerala unit social media head resigned. The controversial post, deemed a misfired attempt to connect tobacco tax hikes with the Bihar election, led to apologies and a decision to revamp the Kerala Congress social media wing after backlash.
GST reductions to boost cooperatives, farmers, rural enterprises
The Ministry of Cooperation reports that recent GST reforms will strengthen the cooperative sector, enhance product competitiveness, and boost rural entrepreneurship. Rate reductions benefit farming, animal husbandry, and food processing, making essential goods more affordable. Dairy farmers and consumers receive direct relief through exemptions and lowered taxes on related products, promoting sustainable practices and increasing incomes for cooperatives.
Tesla offers landmark $1 TRILLION Elon Musk pay package — how will Wall Street react to the world’s first trillionaire CEO?
Tesla has proposed a historic $1 trillion performance-based pay package for CEO Elon Musk, tying his compensation to ambitious goals that could reshape the company’s future. The plan links Musk’s rewards to hitting record vehicle production, achieving massive market growth, and pioneering breakthroughs in autonomous driving and robotics.
DHL Group launches IT Services centre in Indore
The Indore centre, besides supporting global projects, will also serve as DHL ITS' first dedicated technology training academy in India, equipping employees with skills in digital technologies, automation, AI, and leadership, DHL Group said.
Nestle CEO shake-up overshadows broader malaise
Nestle faces pressure to streamline operations after a leadership shakeup and disappointing financial performance. Investors and analysts are urging the company to reduce its extensive product range, cut costs, and improve efficiency. With sales growth stalled and debt rising, Nestle is considering divestments and strategic partnerships to regain competitiveness in a challenging consumer market where rivals are restructuring.
Virgo Horoscope Today, 5th September 2025: Creativity flows with steady discipline
Virgo Daily Horoscope, 5th September 2025: With the Moon in Capricorn, your focus turns toward creativity, hobbies, and personal expression. The Sun and Mercury in Leo encourage introspection, helping you work quietly on meaningful goals. Mars in your sign boosts energy and determination. Venus in the Cancer sign brings harmony in friendships and emotional exchanges. Saturn retrograde in Pisces calls for patience in partnerships.
Trump questions Tim Cook's intent to invest 'elsewhere' as Apple deepens roots in India
Donald Trump questioned Tim Cook about Apple's expansion. This happened during a dinner with tech leaders. Cook assured Trump of Apple's US investment. Apple is also boosting iPhone production in India. The company plans to export more to the US. Apple is opening more retail stores in India. India is becoming a key market and manufacturing hub for Apple.
Aries Horoscope Today, 5th September 2025: Discipline strengthens growth and opportunities
Aries Daily Horoscope, 5th September 2025: With the Moon in the Capricorn sign, career matters and ambitions dominate your focus. The Sun and Mercury in the Leo sign highlight creativity, confidence, and leadership in personal or professional endeavours. Mars in Virgo strengthens your energy in routines, while Venus in Cancer encourages warmth and emotional security within relationships and family matters.
GST rate cuts complement Ayushman Bharat, PMJAY, says health ministry
The government's GST reforms aim to make healthcare more accessible and affordable by exempting health and life insurance premiums, reducing taxes on essential medicines and medical products. These changes complement initiatives like Ayushman Bharat and PMJAY, encouraging wider insurance adoption and lowering healthcare costs for citizens. The move also supports preventive healthcare by maintaining high taxes on harmful goods.
Leo Horoscope Today, 4th September 2025: Practical efforts lead to recognition
Leo Horoscope Today, 4th September 2025: With the Moon in Capricorn, focus turns to work, responsibilities, and daily routines. The Sun and Mercury in your sign enhance confidence and leadership qualities. Mars in Virgo helps you work methodically toward your goals. Venus in Cancer softens emotions, giving you balance. Saturn retrograde in Pisces calls for patience in long-term commitments.
The MIT xPRO advantage: Future-proofing tech leaders in India’s $300 billion digital economy
Here’s how this program connects to real-world tech leadership needs, and why it’s a great pick for Indian decision-makers who operate in high-growth or transforming environments.
Waaree Energies acquires 64% stake in Kotsons Private Ltd to enter the transformers business
Waaree Energies Limited, India's leading solar module manufacturer, has acquired a 64% stake in Kotsons Private Limited for approximately Rs 192 crores. This strategic move allows Waaree to expand into the transformer business, capitalising on the growing demand driven by renewable energy and infrastructure development. Kotsons' manufacturing capacity will be expanded to meet both domestic and global needs.
Who is OpenAI's Indian-origin applications CTO Vijaye Raji?
Raji is an Indian-origin engineer with over 20 years in multiple roles across all major tech companies. He started his journey as a principal engineer at Microsoft, working on various frameworks, including Windows Application Framework, SQL Server Modeling Language, and Visual Studio Editor.
As tensions wind down, Sino-Indian tieups put buzziness back in business
Following the recent meeting between Modi and Xi, Indian and Chinese companies are actively pursuing joint ventures in sectors like electronics and automobiles. Haier's stake sale in its Indian subsidiary is gaining momentum, while Dixon Technologies anticipates approvals for joint ventures. The auto sector expects eased import restrictions, fostering a positive sentiment among Chinese companies towards India.
Flipkart appoints ex-Google executive Balaji Thiagarajan as chief technology and product officer
With a career spanning more than 25 years, Thiagarajan has worked across product, platform, and technology in a diverse range of companies, from fast-paced startups to major global enterprises, Flipkart said. The position of CTPO was earlier held by Jeyandran Venugopal until May this year.
Sunil Kataria takes over as CEO and MD of Godrej Agrovet
Sunil Kataria has officially taken over as CEO and MD of Godrej Agrovet, effective September 1, 2025, for a five-year term. With extensive experience in marketing and leadership roles, Kataria aims to drive growth and innovation, focusing on capability building and strengthening brand offerings. Godrej Agrovet seeks to consolidate its position as a trusted partner in agriculture under his leadership.
BigBasket top brass churn; RMG ban pain manifests
Happy Tuesday! BigBasket CEO Hari Menon is expected to take a step back as part of a leadership transition. This and more in today's ETtech Morning Dispatch.
Third round of layoffs, more leadership exits hit Krutrim
Ola's AI venture, Krutrim, has conducted its third round of layoffs, impacting nearly 50 employees in the linguistics team amidst restructuring efforts to build a leaner, agile team. This follows previous layoffs and leadership exits, totaling over 200 departures, as the company develops its Krutrim 3 LLM.
Nuvoco Vistas to spend Rs 200 crore to expand capacity by 4 million tonne
Nuvoco Vistas Corp will invest Rs 200 crore to boost its production capacity in east India by 4 million tonnes by fiscal 2027. This expansion, funded internally, includes setting up a new mill and debottlenecking existing plants.
IIFL Home Finance strengthens leadership team, Girsih Kousgi likely to take the top slot
IIFL Home Finance is bolstering its leadership team with the appointment of Ajay Sachdewa as group chief business officer and Aarti Marwaha Upadhyay as chief human resources officer. The company is also in the process of appointing Girish Kousgi as its new CEO, following Monu Ratra's resignation. These strategic moves aim to enhance business execution and strengthen customer engagement.
India's semiconductor consumption to rise multifold to $100-120 billion by 2030: L&T Semiconductor Technologies' CEO
India's semiconductor consumption is projected to surge to over USD 120 billion by 2030, driven by increasing demand. To foster domestic production, the ICEA launched a Semiconductor Product Design Leadership Forum, aiming to establish India as a global hub for semiconductor design and innovation.
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