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HDFC's CEO Sashidhar Jagdishan petitions court to dismiss fraud allegations from Lilavati Trust. Legal proceedings pending.

HDFC CEO in Legal Battle Over Fraud Claims

Sashidhar Jagdishan, HDFC Bank CEO, contests fraud allegations by Lilavati Trust in court. Claims involve alleged embezzlement and misuse of funds.

HDFC's CEO seeks court intervention over fraud claims from Lilavati Trust, which accuses him of fund misappropriation. HDFC denies these allegations.

HDFC Bank's Managing Director and Chief Executive Officer Sashidhar Jagdishan has approached the Bombay High Court, seeking quashing of the FIR registered against him based on the financial fraud allegations made by the Lilavati Trust, which oversees the Mumbai-based Lilavati Hospital.
The plea was mentioned before the court on Wednesday and will be heard in due course of time.
The FIR stems from a magistrate court's order directing the police to investigate the charges of alleged financial fraud.
The Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) has alleged in the complaint that of the Rs 14.42 crore misappropriated by its trustees, Rs 2.05 crore were received by Jagdishan.
It also claimed that the offer of Rs 1.5 crore disguised as Corporate Social Responsibility (CSR) funds to hospital staff shows the intent to destroy evidence and obstruct justice.
Despite judicial findings and multiple complaints, HDFC Bank failed to act, violating Section 166 of the Companies Act and SEBI governance mandates, the Trust alleged.
The bank, however, has denied the allegations, calling it "outrageous and preposterous".

NSE CEO and MD Ashishkumar Chauhan supports Finance Minister Nirmala Sitharaman’s vision for a developed India by 2047, showcasing NSE's role in national economic growth.

NSE CEO Supports Viksit Bharat 2047 Vision

NSE CEO Ashishkumar Chauhan commends Finance Minister Nirmala Sitharaman's commitment to 'Viksit Bharat 2047', reaffirming NSE's role in advancing India's economic future.

NSE CEO meets FM, backs Viksit Bharat

NSE CEO Ashishkumar Chauhan expressed strong support for Finance Minister Nirmala Sitharaman's vision toward 'Viksit Bharat 2047', emphasizing NSE's pivotal role in this transformative journey.

National Stock Exchange MD and CEO Ashishkumar Chauhan on Wednesday met Finance Minister Nirmala Sitharaman and said the bourse is resolute to be an enabler and contributor to her vision and mission.
In a post on social media platform X, the NSE chief expressed gratitude and unwavering support to the Finance Minister for her leadership and dedication to the vision of Viksit Bharat 2047.
"Thank you for your time Hon'ble FM @nsitharaman ma'am. Your steadfast leadership, resolve and commitment unto Viksit Bharat 2047 under PM @narendramodi ji inspires us all.We @NSEIndia are resolute to be an enabler and contributor to your vision and mission," he added.

The survey further finds that more than half of this compensation is tied to short-term and long-term incentives

Wondering how much a CEO in India typically earns? Read on to find out..

<h2>The survey further finds that more than half of this compensation is tied to short-term and long-term incentives</h2>

The average CEO compensation in India stood at Rs 13.8 crore, up 40 per cent compared with pre-COVID-19 times, and more than half of the overall remuneration is linked to short-term and long-term incentives, says a Deloitte report.
According to the Deloitte India Executive Performance and Rewards Survey 2024, average CEO compensation stands at Rs 13.8 crore, while CEOs who were also promoters or members of the promoter family are paid Rs 16.7 crore on average.
"Promoter CEO compensation outpacing professional CEO compensation is primarily driven by two factors. Professional CEOs change more often than promoter CEOs due to the longer tenure of promoter CEOs at an aggregate.
"But it is also important to note that the range of promoter CEO compensation is very wide, and that affects the higher averages," said Anandorup Ghose, Partner, CHRO Programme Leader, Deloitte India.
According to Deloitte, while CEO compensation has increased, more than 50 per cent of target compensation is 'pay-at-risk'. For professional CEOs, pay-at-risk at 57 per cent is much higher than for promoter CEOs at 47 per cent.
Professional CEOs have 25 per cent of their target compensation delivered through long-term incentives, which for most companies, is paid through share-linked incentives.
According to Deloitte, CEO compensation in India has seen high-single-digit annualised growth rates.
"The wide gap between median and average CEO compensation (Rs 9.3 crore versus Rs 13.8 crore) indicates the wide range of compensation numbers and some outliers on the higher end," it added.
While assessing CEO and CXO performance, most companies use a holistic scorecard that includes a mix of financial and non-financial metrics and targets. However, incentives for CEOs and CXOs are still tilted towards financial company-level goals within those scorecards.
On long-term incentives, Deloitte said the percentage of companies using share-based incentives continued to increase (75 per cent in 2024 vs 63 per cent in 2020) and the the prevalence of stock options, or ESOPs, continued to decrease (49 per cent of companies in 2024 vs 68 per cent of companies in 2020).
"Large Indian companies with more mature and globally aligned compensation practices are pivoting towards Performance Shares and use of multiple incentive plans for different employee cohorts. Conversations in the boardroom have also shifted from the need for share-based payment to the return from these incentive structures to stakeholders," Anandorup Ghose added.

CEO accused of raping NRI woman working in private firm in Delhi

Police said the incident took place on September 14, 2023 at a five-star hotel in the Chanakyapuri area of New Delhi district.

The CEO of a private company has been booked for allegedly raping an NRI woman who worked at his office here, police said on Sunday.
According to the police, the incident took place on September 14, 2023 at a five-star hotel in the Chanakyapuri area of New Delhi district.
Based on a complaint from the Indian-origin US citizen on Saturday night, an FIR has been registered against the accused under Section 376 (rape) of the Indian Penal Code at the Chanakyapuri police station, they added.
The complainant alleged that she was working as an assistant general manager at the company where the accused was the CEO, the police said.
She said the man was known to her uncle and had helped her in getting a job, the complaint added.
A senior police officer said further probe is underway in the matter.&nbsp;

CEOs place themselves near the markets from where a large amount of revenues would come which usually happens to be the U.S and Europe

Over 75% of IT CEOs appointed in the last 10 months are based abroad

CEOs place themselves near the markets from where a large amount of revenues would come which usually happens to be the U.S and Europe

A large number of IT CEOs who assumed responsibilities in the past 10 months are based abroad mainly in U.S or Europe. As per Financial Express, Eleven new CEOs have assumed responsibilities of IT companies in the past 10 months out of which 8 are based out of India.
Last week, Tech Mahindra sought government's permission for the appointment of Mohit Joshi, a non-resident Indian to be appointed as the MD and CEO of the company from December 20. The companies have to seek clearance from the government as part of a routine regulatory process if the candidate is not an Indian citizen.&nbsp;
As per Financial Express, in the largecap category, CEOs of four of the top seven Indian IT companies &mdash; HCLTech, Cognizant, Wipro and Tech Mahindra &mdash; are based outside India. This while a large majority of Cognizant&rsquo;s workforce is based in India.&nbsp;
Wipro Chairman Rishad Premji also came in support of the company's CEO Thierry Delaporte when questions about his possible relocation came up. Premji said that the current location of Delaporte which is Paris is strategically located in Europe and has easy access to both east (Asia) and west (America).
Experts believe that CEOs place themselves near the markets from where a large amount of revenues would come. These markets are usually the U.S and Europe

Mohit Joshi, former Infosys president joins Tech Mahindra
; to replace C P Gurnani post-retirement 

Mohit Joshi, former-Infosys president joins Tech Mahindra as MD, CEO designate

Joshi will replace Gurnani who has been one of the longest-serving chief executive officers of the Indian IT sector.

IT company Tech Mahindra on Saturday announced the appointment of former Infosys president Mohit Joshi as MD and CEO designate, who will take over the charge from C P Gurnani after his retirement on December 19 this year.
The announcement follows the resignation of Joshi from Infosys where he was head of the global financial services and healthcare and the software businesses, which included Finacle (Infosys' banking platform) and the artificial intelligence and automation portfolio.
"Mohit will take over as MD and CEO when C P Gurnani retires on 19th December 2023. He will join Tech Mahindra well before that date to allow for sufficient transition time," Tech Mahindra said in a statement.
Separately, Infosys in a regulatory filing said that Joshi has resigned from the company. He will be on leave effective from March 11, 2023 and his last date with the company would be June 9, 2023.
Joshi will replace Gurnani who has been one of the longest serving chief executive officers of the Indian IT sector.

Ajay Banga, former Mastercard CEO nominated by Joe Biden to head World Bank

The president of the Washington-based Bank is typically American, while the leader of the International Monetary Fund is customarily European.

US President Joe Biden on Thursday announced the nomination of former Mastercard chief executive Ajay Banga as a candidate to lead the World Bank, after the development lender's current head announced plans to step down early.
The World Bank has just started accepting candidate nominations in a process set to run until March 29, with the bank saying that women contenders would be "strongly" encouraged.
The president of the Washington-based Bank is typically American, while the leader of the International Monetary Fund is customarily European.
Banga, who is Indian-American, was previously chief executive at Mastercard, and has also served on the boards of the American Red Cross, Kraft Foods and Dow Inc. He currently is vice chairman at private equity firm General Atlantic.
The 63-year-old Sikh was born and raised in India, travelling regularly as a child due to his father's military career, and started his career there before emigrating to the United States. Also Watch: <a href="https://www.editorji.com/tech-news/indian-american-neal-mohan-is-the-new-ceo-of-youtube-1676621813062">Indian-American Neal Mohan is the new CEO of YouTube</a>

Indian-American Neal Mohan is the new CEO of YouTube check details

Indian-American Neal Mohan is the new CEO of YouTube

Indian-American Neal Mohan is the new CEO of YouTube check details

Indian-American Neal Mohan will be the new CEO of YouTube. Susan Wojcicki announced in a blog post that she will be stepping down from her role after leading the company for nine years and that Neal Mohan will take over. Mohan, a Stanford graduate who has worked with Microsoft and has been with Google since 2008 will be the new SVP and new head of YouTube. Mohan has also been working as YouTube's Chief Product Officer since 2015.

Apple Inc. said in a regulatory filing that Cook's target total compensation is $49 million for 2023, with a $3 million base salary, and $6 million cash incentive — both unchanged from the previous year — and $40 million in equity awards
 

Apple CEO Tim Cook to take more than 40% pay cut; Here's why

Apple Inc. said in a regulatory filing that Cook's target total compensation is $49 million for 2023, with a $3 million base salary, and $6 million cash incentive — both unchanged from the previous year — and $40 million in equity awards

Apple Inc. said in a regulatory filing that Cook's target total compensation is $49 million for 2023, with a $3 million base salary, and $6 million cash incentive &mdash; both unchanged from the previous year &mdash; and $40 million in equity awards
&nbsp;

Apple CEO Tim Cook will take a more than 40 per cent pay cut this year from a year earlier as the company adjusts how it calculates his compensation partly based on a recommendation from Cook himself.
Apple Inc. said in a regulatory filing on January 12 that Cook's target total compensation is $49 million for 2023, with a $3 million base salary, and $6 million cash incentive &mdash; both unchanged from the previous year &mdash; and $40 million in equity awards.
Apple said its compensation committee took into account shareholder feedback, the company's performance and a recommendation from Cook, who was promoted to CEO in 2011, to adjust his compensation in light of the feedback received.&nbsp;
Apple said Cook supported the changes to his compensation. &nbsp; &nbsp; &nbsp; In 2021, Cook received a compensation package valued at $98.7 million. Just $3 million of that was salary. The vast majority came from a grant of restricted stock, valued at $82.3 million. &nbsp; &nbsp; &nbsp; The company will hold its annual meeting March 10. &nbsp; &nbsp; &nbsp; In early trading, Apple shares edged down to $132.38. The stock has declined about 23 per cent in the past year. (AP)

Bloomberg reports that Meta has put all hiring on hold.  News reports in May suggested that the company would slow down the rate of new hires this year.

Meta announces hiring freeze, Zuckerberg blames economy

According to Bloomberg reports that Meta CEO Mark Zuckerberg announced plans to stop hiring and restructure some groups within the company.

<ul class="summary-list">
<li>Zuckerberg said most team budgets would be reduced</li>
<li>Meta CEO Zuckerberg reportedly announced a hiring freeze to employees</li>
</ul>

As the tech industry suffers through a slowdown in recent months, Facebook&rsquo;s parent company Meta announced hiring freeze and &ldquo;further restructure&rdquo;.&nbsp;
Acoording to reports, Zuckerberg made these comments during an internal call to employees.
Zuckerberg also said that Meta would reduce budgets across most teams, and that individual teams will have to resolve how to handle headcount changes, the report added.
Zuckerberg reportedly added that budgets will be slashed across most teams at Meta, which owns Facebook, Instagram and WhatsApp.
The announcement comes after several tech companies have been forced to slash headcount in recent months, as advertisers trim spending in anticipation of a recession.

A week after Starbucks appoints Laxman Narasimhan as its new Chief Executive Officer, Indian- origin Devika Bulchandani is now the global chief executive officer of the advertising and public relations agency Ogilvy.  
Bulchandani, who has been serving as Global President and CEO of Ogilvy North America, succeeds Andy Main, the company said in a statement.
In her new role, Bulchandani will now be responsible for all aspects of Ogilvy’s business across 131 offices in 93 countries which look at advertising, public relations, consulting, and health units.
Bulchandani was born and brought up in Amritsar and is one of four siblings. She studied at Welham Girls’ School in Dehradun, followed by St Xavier’s in Mumbai.  She also did a Master’s in Communications from the University of Southern California in 1991. She moved to the US after getting married and has worked there since.
Bulchandani is the latest in a slew of Indian-origin executives taking leadership role in global multinationals in varied fields. Last week coffee giant Starbucks appointed Laxman Narasimhan as CEO.

Ogilvy appoints Bulchandani as global CEO

One more Indian-origin joins the list; Ogilvy appoints Bulchandani as global CEO

Bulchandani was born and brought up in Amritsar and is one of four siblings

A week after Starbucks appoints Laxman Narasimhan as its new Chief Executive Officer, Indian- origin Devika Bulchandani is now the global chief executive officer of the advertising and public relations agency Ogilvy.&nbsp;&nbsp;
Bulchandani, who has been serving as Global President and CEO of Ogilvy North America, succeeds Andy Main, the company said in a statement.
In her new role, Bulchandani will now be responsible for all aspects of Ogilvy&rsquo;s business across 131 offices in 93 countries which look at advertising, public relations, consulting, and health units.
Amritsar-born Bulchandani, who spent 26 years at McCann in various leadership roles including President of McCann North America, is the latest in a slew of Indian-origin executives taking leadership role in global multinationals in varied fields.
Bulchandani, who has been serving as Global President and CEO of Ogilvy North America, succeeds Andy Main who is stepping down as Global CEO and will serve as a Senior Advisor until the end of the year, the company said in a statement.
In her new role she will be responsible for all aspects of the creative network&rsquo;s business across 131 offices in 93 countries and spanning its advertising, public relations, experience, consulting, and health units, it added.

Trigger Warning! If you are unhappy with you much money you make, we do not recommend you watch/read this story as it is likely to enhance your discontent. Here are the top paid CEOs globally as ranked by Fortune: Elon MuskThis technoking of Tesla took home a whopping $$23.5 billion as compensation in 2021. But don't sweat this is not his yearly payment from SpaceX and Tesla but also includes some ESOPs he exercised this year.  Tim CookThe boss at Apple and also topping the leader chart for Time's most influential, Tim Cook took home a handsome $770.5 million in 2021 alone. This also includes a handsome ESOP package that Cook took in, but don't worry he is not the only one getting richer. During his tenure since 2011, Apple's marketcap is up by a whopping $2.2 trillion making investors very happy. Jensen HuangThe chief at Nvidia Corp, best known for it's chip design, AI work and of course gaming is just a step below Tim Cook on the compensation ladder. This co-founder of NVIDIA took home a hefty paycheck of $561 million. Reed HastingsNetflix may not be having a blockbuster quarter but the year gone was a showstopper for the streaming giant and it handed $453 million payout to it's co-founder, CEO, and chairman Hastings as per Fortune. This is however disputed by the OTT platform who reiterated that the total value of his "granted" compensation for 2021: "Per our proxy statement his compensation in 2021 was $40.8 million, with $650,000 in cash and $39.7 million in stock options."Leonard SchleiferThe lone non tech CEO on the top five, Leonard Schleifer is the top boss at Regeneron Pharmaceuticals an American biotechnology company. The boost for Schleifer's pay comes due to stock option exercising as revenues soared last year due to REGEN-COV antibody treatment for prevention and treatment of COVID-19.

World's top paid CEOs: Yes it is a complete tech takeover! 

Average big-company CEO made 351 times the pay of the average worker in the US. These top 10 CEOs however exceeed that comparison by a mile! 

Fortune 500 reveals list of top paid CEOs

Trigger Warning! If you are unhappy with you much money you make, we do not recommend you watch/read this story as it is likely to enhance your discontent. Here are the top paid CEOs globally as ranked by Fortune:&nbsp; Elon&nbsp;Musk This technoking of Tesla took home a whopping $$23.5 billion as compensation in 2021. But don't sweat this is not his yearly payment from SpaceX and Tesla but also includes some ESOPs he exercised this year.&nbsp;&nbsp; Tim Cook The boss at Apple and also topping the leader chart for Time's most influential, Tim Cook took home a handsome $770.5 million in 2021 alone. This also includes a handsome ESOP package that Cook took in, but don't worry he is not the only one getting richer. During his tenure since 2011, Apple's marketcap&nbsp;is up by a whopping $2.2 trillion making investors very happy.&nbsp; Jensen Huang The chief at&nbsp;Nvidia Corp, best known for it's chip design, AI work and of course gaming is just a step below Tim Cook on the compensation ladder. This&nbsp;co-founder of NVIDIA&nbsp;took home a hefty paycheck of $561 million.&nbsp; Reed Hastings Netflix&nbsp;may not be having a blockbuster quarter but the year gone was a showstopper for the streaming giant and it handed $453 million payout to it's&nbsp;co-founder, CEO, and chairman Hastings as per Fortune. This is however disputed by the OTT&nbsp;platform who reiterated that the total value of his "granted" compensation for 2021: "Per our proxy statement his compensation in 2021 was $40.8 million, with $650,000 in cash and $39.7 million in stock options." Leonard Schleifer The lone non tech CEO&nbsp;on the top five,&nbsp;Leonard Schleifer is the top boss at&nbsp;Regeneron Pharmaceuticals an American biotechnology company. The boost for&nbsp;Schleifer's pay comes due to stock option exercising as revenues soared last year due to&nbsp;REGEN-COV antibody treatment for prevention and treatment of COVID-19.

Indian American Raj Subramaniam would be the new Chief Executive Officer (CEO) of FedEx, according to an announcement made Monday by the U.S. multinational courier delivery giant. Raj Subramanian would replace Frederick W Smith, chairman and CEO, who will step down from this position on June 1. He will now be its executive chairman.
“As we look toward what’s next, I have a great sense of satisfaction that a leader of the caliber of Raj Subramaniam will take FedEx into a very successful future,” Smith said in a statement.
Also read/watch | UAE & India Economic Partnership kickstarts in May, expect trade boost: Piyush Goyal
In his new role, Smith said he looks forward to focusing on Board governance as well as issues of global importance, including sustainability, innovation, and public policy. Smith had founded FedEx in 1971.
“Fred is a visionary leader and a legend of the business world. He founded one of the world’s greatest and most admired companies, and it is my honour and privilege to step into this role and build upon what he has created,” Subramaniam said in a statement issued by FedEx.
Also read/watch | Essential medicines get expensive, price of 800 medicines to rise from this date
Headquartered out of Tennessee, FedEx has 600,000 employees globally.
Subramaniam was elected to the FedEx Board of Directors in 2020 and will maintain his seat on the Board, the company said.
Prior to his role as president and Chief Operating Officer of FedEx Corp., Subramaniam was president and CEO of FedEx Express, the world’s largest express transportation company. He also served as executive vice president and chief marketing and communications officer of FedEx Corp., where he was responsible for developing the corporate strategy.
Also read/watch | End of financial year 2022: Three things you must do before March 31
In addition, he served as the president of FedEx Express in Canada and in several other management and marketing roles throughout Asia and the US since he joined FedEx in 1991.
“Raj is an accomplished and proven leader, and he has the full support of the Board. He has more than 30 years of global experience across strategy and operations and has led the company through a period of tremendous growth. I am confident that Raj will build on this foundation and take the company to even greater heights,” said David Steiner, chair of the Board’s Governance, Safety, and Public Policy Committee. 

Indian American Raj Subramaniam to replace FedEx founder as CEO

Indian American Raj Subramaniam would be the new Chief Executive Officer (CEO) of FedEx

FedEx new Indian American CEO

Frederick W Smith, chairman and CEO, FedEx, will step down from this position on June 1.

Indian American Raj Subramaniam would be the new Chief Executive Officer (CEO) of FedEx, according to an announcement made Monday by the U.S. multinational courier delivery giant. Raj&nbsp;Subramanian would replace Frederick W Smith, chairman and CEO, who will step down from this position on June 1. He will now be its executive chairman.
&ldquo;As we look toward what&rsquo;s next, I have a great sense of satisfaction that a leader of the caliber of Raj Subramaniam will take FedEx into a very successful future,&rdquo; Smith said in a statement.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/economy/uae-india-economic-partnership-kickstarts-in-may-expect-trade-boost-piyush-goyal-1648522765416" target="_blank">UAE &amp; India Economic Partnership kickstarts in May, expect trade boost: Piyush Goyal</a>
In his new role, Smith said he looks forward to focusing on Board governance as well as issues of global importance, including sustainability, innovation, and public policy. Smith had founded FedEx in 1971.
&ldquo;Fred is a visionary leader and a legend of the business world. He founded one of the world&rsquo;s greatest and most admired companies, and it is my honour and privilege to step into this role and build upon what he has created,&rdquo; Subramaniam said in a statement issued by FedEx.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/essential-medicines-get-expensive-price-of-800-medicines-to-rise-from-this-date-1648468196897" target="_blank">Essential medicines get expensive, price of 800 medicines to rise from this date</a>
Headquartered out of Tennessee, FedEx has 600,000 employees globally.
Subramaniam was elected to the FedEx Board of Directors in 2020 and will maintain his seat on the Board, the company said.
Prior to his role as president and Chief Operating Officer of FedEx Corp., Subramaniam was president and CEO of FedEx Express, the world&rsquo;s largest express transportation company. He also served as executive vice president and chief marketing and communications officer of FedEx Corp., where he was responsible for developing the corporate strategy.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/personal-finance/do-this-before-march-31-else-your-pan-card-will-become-inactive-1647865941712" target="_blank">End of financial year 2022: Three things you must do before March 31</a>
In addition, he served as the president of FedEx Express in Canada and in several other management and marketing roles throughout Asia and the US since he joined FedEx in 1991.
&ldquo;Raj is an accomplished and proven leader, and he has the full support of the Board. He has more than 30 years of global experience across strategy and operations and has led the company through a period of tremendous growth. I am confident that Raj will build on this foundation and take the company to even greater heights,&rdquo; said David Steiner, chair of the Board&rsquo;s Governance, Safety, and Public Policy Committee.&nbsp;

Microsoft's Indian-origin CEO Satya Nadella shared the sad news of his son's death on February 28. Satya and Anu Nadella's son Zain was 26 years old, and had been born with cerebral palsy.
The condition affects a person's ability to move, and maintain balance and posture, and is caused by abnormal brain development, or damage to the developing brain, as per the US CDC.
Microsoft reportedly informed its executive staff about Zain Nadella's passing away via an email and asked them to hold the Nadella family in their thoughts and prayers, while giving them space to grieve privately.
ALSO WATCH | Padma Awards: Microsoft's Satya Nadella, Google's Sundar Pichai honoured
Satya Nadella took over as the CEO of the tech giant in 2014. Using lessons from raising Zain, the chief executive reportedly steered the company towards making products to better serve differently-abled users.
Jeff Sperring, CEO of the Children's Hospital, where Zain received much of his treatment, said that he would be remembered for his "eclectic taste in music, bright sunny smile, and the immense joy he brought to his family". In 2021, the Children's Hospital also reportedly set up the Zain Nadella Endowed Chair in Pediatric Neurosciences, as part of Seattle Children's Center for Integrative Brain Research.

Microsoft CEO's son passes away: Indian-origin Satya Nadella's son was 26, had cerebral palsy

Microsoft reportedly informed its executive staff about Zain Nadella's passing away via an email and asked them to hold the Nadella family in their thoughts and prayers.

Microsoft's Indian-origin CEO Satya Nadella shared the sad news of his son's death on February 28. Satya and Anu Nadella's son Zain was 26 years old, and had been born with cerebral palsy. The condition affects a person's ability to move, and maintain balance and posture, and is caused by abnormal brain development, or damage to the developing brain, as per the US CDC. Microsoft reportedly informed its executive staff about Zain Nadella's passing away via an email and asked them to hold the Nadella family in their thoughts and prayers, while giving them space to grieve privately. Satya Nadella took over as the CEO of the tech giant in 2014. Using lessons from raising Zain, the chief executive reportedly steered the company towards making products to better serve differently-abled users. Jeff Sperring, CEO of the Children's Hospital, where Zain received much of his treatment, said that he would be remembered for his "eclectic taste in music, bright sunny smile, and the immense joy he brought to his family". In 2021, the Children's Hospital also reportedly set up the Zain Nadella Endowed Chair in Pediatric Neurosciences,&nbsp;as part of Seattle Children's Center for Integrative Brain Research.
==================================================
CAPTIONS Microsoft CEO Satya Nadella's son passed away Zain Nadella was 26 yrs old, had cerebral palsy Microsoft informed executive staff via email Pray for Nadellas; give space to grieve: Microsoft
&nbsp;

<div>Microsoft reportedly informed its executive staff about Zain Nadella's passing away via an email and asked them to hold the Nadella family in their thoughts and prayers.</div>

Microsoft's Indian-origin CEO Satya Nadella shared the sad news of his son's death on February 28.&nbsp;Satya and Anu Nadella's son Zain was 26 years old, and had been born with cerebral palsy.
The condition affects a person's ability to move, and maintain balance and posture, and is caused by abnormal brain development, or damage to the developing brain, as per the US CDC.
Microsoft reportedly informed its executive staff about Zain Nadella's passing away via an email and asked them to hold the Nadella family in their thoughts and prayers, while giving them space to grieve privately.
ALSO WATCH |<a href="https://www.editorji.com/india-news/padma-awards-gen-bipin-rawat-google-s-sundar-pichai-microsoft-s-satya-nadella-neeraj-chopra-named-1643131000944" target="_blank">&nbsp;Padma Awards:&nbsp;Microsoft's Satya Nadella, Google's Sundar Pichai&nbsp;honoured</a>
Satya Nadella took over as the CEO of the tech giant in 2014.&nbsp;Using lessons from raising Zain, the chief executive reportedly steered the company towards making products to better serve differently-abled users.
Jeff Sperring, CEO of the Children's Hospital, where Zain received much of his treatment, said that he would be remembered for his "eclectic taste in music, bright sunny smile, and the immense joy he brought to his family".&nbsp;In 2021, the Children's Hospital also reportedly set up the Zain Nadella Endowed Chair in Pediatric Neurosciences,&nbsp;as part of Seattle Children's Center for Integrative Brain Research.

As Jeff Bezos bids goodbye and literally blasts outs of the Amazon CEO spot, we look at the Amazon the new boss Andy Jassy inherits with all the changes and challenges facing the world&rsquo;s most valuable company.&nbsp;&nbsp;&nbsp;Amazon by Numbers&nbsp;&nbsp;Originally just a bookseller it may have taken the longest to enter the group of Big Tech but Amazon sits firmly with view of the top with a market-cap of $1.7 trillion and a brand value of over $680 billion.&nbsp;&nbsp;&nbsp;The revenue engine is churning faster than ever with the tech giant clocking in $400 billion a year in revenue. To put that in perspective that&rsquo;s more than the revenues of RIL + Tata Motors + TCS + Tata Steel + Infosys put together.&nbsp;&nbsp;&nbsp;And the pace isn&rsquo;t slowing down, with 30% revenue growth Amazon will become the largest U.S. company by annual sales next year outstripping legacy leader Walmart.&nbsp;&nbsp;&nbsp;&nbsp;Changing face of Amazon&nbsp;It is no longer just the&nbsp;e-commerce platform that took off in&nbsp;1994, diapers&nbsp;to sofas, pharmacy to movie production, from the morning newspaper to the midnight OTT binge, Amazon offers it all.&nbsp;&nbsp;The biggest game changer for the company has been Amazon Web Services (AWS) the division that Andy Jassy has led since&nbsp;its&nbsp;inception now accounts for nearly 15% of Amazon&rsquo;s revenue. Clocking in as a $54 billion annual sales run rate business, AWS as per WSJ now eclipses corporate software titans Oracle Corp. and Salesforce. Analysts currently expect AWS&rsquo;s revenue to roughly equal IBM&rsquo;s next year. Reports also indicate that AWS with a 32% share of the cloud infrastructure services market is way ahead of Microsoft (19%) and Google (7%).&nbsp;But it&rsquo;s not all &lsquo;boring tech&rsquo; for Amazon either. It also makes videogames, runs a music streaming service and produces blockbuster-sized movies and TV shows. Which is set to roar into its next phase with the acquisition of legendary MGM holding the James Bond franchise.&nbsp;&nbsp;&nbsp;Amazon makes money even of its competitors. Netflix&mdash;the largest competitor to Amazon&rsquo;s Prime Video service&mdash;uses AWS to run the &ldquo;vast majority" of its computing needs&nbsp;&nbsp;There is also a whopping $24 billion tucked away in revenues in &lsquo;others&rsquo; category signifying a growing chunk of Amazon&rsquo;s advertising business revenue that does not get a category mention of its own yet.&nbsp;&nbsp;&nbsp;Challenges ahead for Jassy
Big Tech, Bigger&nbsp;Scrutiny:&nbsp;Increasing antitrust scrutiny on Big Tech companies increasing globally with cases lined up against Google and Facebook so Amazon can&rsquo;t be far behind that is already facing resistance on&nbsp;its&nbsp;takeover of MGM. Shortly after Amazon announced Jassy would be the new CEO, Rep. Ken Buck,&nbsp;R-Colo., a member of the House Subcommittee on Antitrust, tweeted that he&rsquo;d like to question Jassy. This is the same House subcommittee that released report last year laying out alleged antitrust violations by Amazon, Apple, Google and Facebook. Bezos&rsquo; parting gift or leadership direction has been the addition of another Amazon principle&nbsp;&ldquo;Success&nbsp;and Scale Bring Broad&nbsp;Responsibility&rdquo; Bezos&nbsp;reminds those now holding the reins stating &ldquo;We started in a garage, but we're not there anymore. We are big, we impact the world, and we are far from perfect."&nbsp;India Headwind: Embroiled in various legal standoffs, Jassy will have to navigate carefully to hold onto gains in the world&rsquo;s largest democracy. Facing a probe from the local anti-trust body CCI on a complaint that Amazon promotes&nbsp;its own products via the&nbsp;in-search&nbsp;results and placement on the site. Amazon has repeatedly denied it favors its own products over others. Indian retailers have long alleged that Amazon's platform largely benefits a few big sellers, and that the e-commerce company engages in predatory pricing that harms their businesses. Reports have also alleged Amazon uses data from third-party sellers to develop its own products and then market them prominently.&nbsp;&nbsp;&nbsp;Worker unrest:&nbsp;As the second largest private employer in the US with a workforce that now tops 1.3 million, managing&nbsp;labour&nbsp;issues will be on top of the domestic agenda for Jassy. The pandemic exposed the substandard working condition for warehouse workers which overshadowed the fact that Amazon continued to pay workers double of the minimum wage. To counter this Amazon has added to its leadership principles &ldquo;Strive to be Earth&rsquo;s Best Employer,&rdquo; a tall order for Jassy as he takes over.&nbsp;
So as Andy Jassy steps in he definitely has his work cut out for him, but as 57 billionaire whose shoes he steps into&nbsp;says, at&nbsp;Amazon it is&nbsp;&ldquo;Always Day One&rdquo;.

The Amazon Andy Jassy Inherits from Jeff Bezos: Changes & Challenges

Exactly 27 years from the day it was founded Founder Jeff Bezos&nbsp;steps down as CEO&nbsp;to hand over the reins to Andy Jassy&nbsp;with changes and challenges like never before.&nbsp;

Bye Bye Bezos, The Amazon Andy Jassy Gets

Exactly 27 years from the day it was founded Founder Jeff Bezos&nbsp;steps down as CEO&nbsp;to hand over the reins to Andy Jassy&nbsp;with changes and challenges like never before.&nbsp;

As Jeff Bezos bids goodbye and literally blasts outs of the Amazon CEO spot, we look at the Amazon the new boss Andy Jassy inherits with all the changes and challenges facing the world&rsquo;s most valuable company.&nbsp;&nbsp; &nbsp; Amazon by Numbers&nbsp;&nbsp; Originally just a bookseller it may have taken the longest to enter the group of Big Tech but Amazon sits firmly with view of the top with a market-cap of $1.7 trillion and a brand value of over $680 billion.&nbsp;&nbsp; &nbsp; The revenue engine is churning faster than ever with the tech giant clocking in $400 billion a year in revenue. To put that in perspective that&rsquo;s more than the revenues of RIL + Tata Motors + TCS + Tata Steel + Infosys put together.&nbsp;&nbsp; &nbsp; And the pace isn&rsquo;t slowing down, with 30% revenue growth Amazon will become the largest U.S. company by annual sales next year outstripping legacy leader Walmart.&nbsp;&nbsp;&nbsp; &nbsp; Changing face of Amazon&nbsp; It is no longer just the&nbsp;e-commerce platform that took off in&nbsp;1994, diapers&nbsp;to sofas, pharmacy to movie production, from the morning newspaper to the midnight OTT binge, Amazon offers it all.&nbsp; &nbsp; The biggest game changer for the company has been Amazon Web Services (AWS) the division that Andy Jassy has led since&nbsp;its&nbsp;inception now accounts for nearly 15% of Amazon&rsquo;s revenue. Clocking in as a $54 billion annual sales run rate business, AWS as per WSJ now eclipses corporate software titans Oracle Corp. and Salesforce. Analysts currently expect AWS&rsquo;s revenue to roughly equal IBM&rsquo;s next year. Reports also indicate that AWS with a 32% share of the cloud infrastructure services market is way ahead of Microsoft (19%) and Google (7%).&nbsp; But it&rsquo;s not all &lsquo;boring tech&rsquo; for Amazon either. It also makes videogames, runs a music streaming service and produces blockbuster-sized movies and TV shows. Which is set to roar into its next phase with the acquisition of legendary MGM holding the James Bond franchise.&nbsp;&nbsp; &nbsp; Amazon makes money even of its competitors. Netflix&mdash;the largest competitor to Amazon&rsquo;s Prime Video service&mdash;uses AWS to run the &ldquo;vast majority" of its computing needs&nbsp; &nbsp; There is also a whopping $24 billion tucked away in revenues in &lsquo;others&rsquo; category signifying a growing chunk of Amazon&rsquo;s advertising business revenue that does not get a category mention of its own yet.&nbsp;&nbsp; &nbsp; Challenges ahead for Jassy
Big Tech, Bigger&nbsp;Scrutiny:&nbsp;Increasing antitrust scrutiny on Big Tech companies increasing globally with cases lined up against Google and Facebook so Amazon can&rsquo;t be far behind that is already facing resistance on&nbsp;its&nbsp;takeover of MGM. Shortly after Amazon announced Jassy would be the new CEO, Rep. Ken Buck,&nbsp;R-Colo., a member of the House Subcommittee on Antitrust, tweeted that he&rsquo;d like to question Jassy. This is the same House subcommittee that released report last year laying out alleged antitrust violations by Amazon, Apple, Google and Facebook. Bezos&rsquo; parting gift or leadership direction has been the addition of another Amazon principle&nbsp;&ldquo;Success&nbsp;and Scale Bring Broad&nbsp;Responsibility&rdquo; Bezos&nbsp;reminds those now holding the reins stating &ldquo;We started in a garage, but we're not there anymore. We are big, we impact the world, and we are far from perfect." &nbsp; India Headwind: Embroiled in various legal standoffs, Jassy will have to navigate carefully to hold onto gains in the world&rsquo;s largest democracy. Facing a probe from the local anti-trust body CCI on a complaint that Amazon promotes&nbsp;its own products via the&nbsp;in-search&nbsp;results and placement on the site. Amazon has repeatedly denied it favors its own products over others. Indian retailers have long alleged that Amazon's platform largely benefits a few big sellers, and that the e-commerce company engages in predatory pricing that harms their businesses. Reports have also alleged Amazon uses data from third-party sellers to develop its own products and then market them prominently.&nbsp;&nbsp; &nbsp; Worker unrest:&nbsp;As the second largest private employer in the US with a workforce that now tops 1.3 million, managing&nbsp;labour&nbsp;issues will be on top of the domestic agenda for Jassy. The pandemic exposed the substandard working condition for warehouse workers which overshadowed the fact that Amazon continued to pay workers double of the minimum wage. To counter this Amazon has added to its leadership principles &ldquo;Strive to be Earth&rsquo;s Best Employer,&rdquo; a tall order for Jassy as he takes over.&nbsp;
So as Andy Jassy steps in he definitely has his work cut out for him, but as 57 billionaire whose shoes he steps into&nbsp;says, at&nbsp;Amazon it is&nbsp;&ldquo;Always Day One&rdquo;.

India Inc is working with the government to vaccinate their employees in order to avert more lockdown, a survey conducted by the Confederation of Indian Industry showed. The industry body polled 710 CEOs and senior leaders across manufacturing and service sectors.
93% of the respondents feel that a more stringent implementation of safety norms would be a better alternative to the imposition of a partial lockdown. Almost all of these respondents have indicated that their firm is equipped and well prepared for implementation of stricter health and safety protocols.
A major share of the respondents (67%) have indicated that they are working with the government for mass vaccination of eligible workforce.&nbsp;More than half are stocking raw material and nearly a third of the firms are accommodating labor force within the factory to avoid night curfew.

Stringent safety norms better than lockdowns: Indian CEOs

India Inc is working with the government to vaccinate their employees in order to avert more lockdown, a survey conducted by the Confederation of Indian Industry showed. The industry body polled 710 CEOs and senior leaders across manufacturing and service sectors.
93% of the respondents feel that a more stringent implementation of safety norms would be a better alternative to the imposition of a partial lockdown. Almost all of these respondents have indicated that their firm is equipped and well prepared for implementation of stricter health and safety protocols.
A major share of the respondents (67%) have indicated that they are working with the government for mass vaccination of eligible workforce.&nbsp;More than half are stocking raw material and nearly a third of the firms are accommodating labor force within the factory to avoid night curfew.

A Global CEO survey undertaken by&nbsp;PwC shows confidence is coming&nbsp;back but risks are also on the&nbsp;rise .&nbsp;&nbsp;

76% of the CEO&rsquo;s surveyed expect an improvement in global economic&nbsp;outlook
14% expect a decline while 10% expect the global growth to remain muted&nbsp;
CEOs in the&nbsp;technology&nbsp;sector that remain most optimistic at 45%
Least amount of optimism seen in the transport (29%) and hospitality sector (27%)&nbsp;who are least&nbsp;confident about their ability to grow revenues over the next 12 months.&nbsp;
Cyber&nbsp;threats remain the top concern ex-pandemic for global CEOs&nbsp;

PwC surveyed 5,050 CEOs in 100 countries&nbsp;in&nbsp;January and February 2021.&nbsp;

Global CEOs bet on growth, worried about cyber security

A Global CEO survey undertaken by&nbsp;PwC shows confidence is coming&nbsp;back but risks are also on the&nbsp;rise .&nbsp;&nbsp;
<ul>
<li>76% of the CEO&rsquo;s surveyed expect an improvement in global economic&nbsp;outlook</li>
<li>14% expect a decline while 10% expect the global growth to remain muted&nbsp;</li>
<li>CEOs in the&nbsp;technology&nbsp;sector that remain most optimistic at 45%</li>
<li>Least amount of optimism seen in the transport (29%) and hospitality sector (27%)&nbsp;who are least&nbsp;confident about their ability to grow revenues over the next 12 months.&nbsp;</li>
<li>Cyber&nbsp;threats remain the top concern ex-pandemic for global CEOs&nbsp;</li>
</ul>
PwC surveyed 5,050 CEOs in 100 countries&nbsp;in&nbsp;January and February 2021.&nbsp;

A Global CEO survey undertaken by&nbsp;PwC shows confidence is coming&nbsp;back but risks are also on the&nbsp;rise .&nbsp;&nbsp; Gfx&nbsp;1&nbsp;&nbsp; 76% of the CEO&rsquo;s surveyed expect an improvement in global economic&nbsp;outlook&nbsp; however&nbsp;14% expect a decline while 10% expect the global growth to remain muted&nbsp;&nbsp; &nbsp; Gfx&nbsp;2&nbsp;&nbsp; Not surprisingly, it is the CEOs in the&nbsp;technology&nbsp;sector that remain most optimistic at 45% the other end of the spectrum with the least amount of optimism is the transport (29%) and hospitality sector (27%)&nbsp;who are least&nbsp;confident about their ability to grow revenues over the next 12 months.&nbsp; &nbsp; Gfx&nbsp;3&nbsp; Even as digital transformation is top of the agenda for most CEOs Cyber threat is the top concern as&nbsp;well .&nbsp;&nbsp; Uday Kotak, founder and CEO of India-based Kotak Mahindra Bank, told PwC &ldquo;During COVID, we have witnessed increased fraud in&nbsp;the&nbsp; banking&nbsp;system. The thought of losing my customers&rsquo; money to theft is what keeps me up at night. So, while COVID has brought about a significant increase in digital adoption and transactions, it has also increased the risks associated with digital.&rdquo;&nbsp; &nbsp; Over-regulation and policy&nbsp;uncertainty&nbsp;remains the next two top concerns for the top bosses.&nbsp;&nbsp; &nbsp; PwC surveyed 5,050 CEOs in 100 countries and&nbsp;territoriesin&nbsp;January and February 2021.&nbsp;

A Global CEO survey undertaken by&nbsp;PwC shows confidence is coming&nbsp;back but risks are also on the&nbsp;rise .&nbsp;&nbsp;
<ul>
<li>76% of the CEO&rsquo;s surveyed expect an improvement in global economic&nbsp;outlook</li>
<li>14% expect a decline while 10% expect the global growth to remain muted&nbsp;</li>
<li>CEOs in the&nbsp;technology&nbsp;sector that remain most optimistic at 45%</li>
<li>Least amount of optimism seen in the transport (29%) and hospitality sector (27%)&nbsp;who are least&nbsp;confident about their ability to grow revenues over the next 12 months.&nbsp;</li>
<li>Cyber&nbsp;threats remain the top concern ex-pandemic for global CEOs&nbsp;</li>
</ul>
PwC surveyed 5,050 CEOs in 100 countries&nbsp;in&nbsp;January and February 2021.&nbsp;

PCB shifts venue for Zimbabwe T20I series due to poor air quality 

Citing poor air quality, Pakistan Cricket Board shifts venue for the 3-match T20i series against Zimbabwe

The 3-match T20I series between Pakistan and Zimbabwe will now take place in Rawalpindi&nbsp;instead of Lahore, announced the Pakistan Cricket Board on Saturday. The matches that were scheduled to take place at Gadaffi Stadium in Lahore from November 7 to 10th have been shifted due to the deteriorating air quality in Lahore. Wasim&nbsp;Khan, PCB&nbsp;CEO&nbsp;said that the early onset of hazardous pollution and subsequent poor air quality meant that the risk to keep matches in Lahore at this stage was too great.&nbsp;

ErosNow lands in trouble for Navratri tweets

The social media users are&nbsp;calling for a boycott of Eros Now for hurting sentiments of Hindus for posting witty&nbsp;tweets to wish fans on&nbsp;Navratri.
Slamming Eros Now for hurting religious sentiments, netizens&nbsp;are trending&nbsp;#BoycottErosNow&nbsp;demanding an apology.
Miffed with the tweets, a Twiter user wrote&nbsp;Shame On Eros Now.
While another Twitter user demanded to immediately sack&nbsp;CEO Ali Hussein for these vulgar tweets.

Netizens trend 'Boycott Eros Now' for 'vulgar' Navratri memes

Netizens&nbsp;call for #BoycottErosNow&nbsp;for&nbsp;Navratri tweets
Shame on Eros Now: Twitterati&nbsp;miffed with studio
Social media users seek removal of CEO&nbsp;of Eros Now
&nbsp;
&nbsp;

The social media users are&nbsp;calling for a boycott of Eros Now for hurting sentiments by allegedly posting derogatory double meaning&nbsp;tweets on&nbsp;Navratri.
Slamming Eros Now for hurting their sentiments &amp; deities, netizens&nbsp;started trending #BoycottErosNow&nbsp;seeking an apology from the banner.
Miffed with the tweets, a Twiter user wrote&nbsp;Shame On Eros Now. While another Twitter user demanded to immediately sack&nbsp;CEO Ali Hussein for these vulgar tweets.

TRP scam probe: Mumbai police grills Republic TV CEO

Republic TV CEO Vikas Khanchandani reached the Mumbai Police headquarters on Sunday after being summoned for questioning in TRP manipulation case. The police on Saturday had sent summons to five others&nbsp; including Republic TV COOs Hersh Bhandari and Priya Mukherjee and all six were asked to report at 9am on Sunday, Milind Bharambe, &nbsp;crime branch&rsquo;s joint commissioner of police confirmed. Mumbai Police officers summoned channel&rsquo;s distribution head Ghanshyam Singh for the second time after he had initially stated he was&nbsp;out of the city till October 16. Meanwhile, Republic TV&rsquo;s chief financial officer (CFO) Shiva Sundaram wrote to Mumbai Police asking them to not proceed with the probe till a writ petition in the matter is heard by the Supreme Court.

TRP scam probe: Republic TV CEO reaches Mumbai police headquarters

Republic TV CEO at Mumbai&nbsp;Police headquarters
Six summoned for questioning in TRP&nbsp;scam probe
Republic TV COOs also summoned
Republic TV&rsquo;s CFO&nbsp;writes to&nbsp;Mumbai Police
&nbsp;
&nbsp;
&nbsp;

Republic TV CEO Vikas Khanchandani reached the Mumbai Police headquarters on Sunday after being summoned for questioning in TRP manipulation case. The police on Saturday had sent summons to five others, including Republic TV COOs Hersh Bhandari and Priya Mukherjee and all six were asked to appear on Sunday. Mumbai Police officers also summoned channel&rsquo;s distribution head Ghanshyam Singh for the second time after he initially stated he was&nbsp;out of the city till October 16. Meanwhile, Republic TV&rsquo;s chief financial officer (CFO) Shiva Sundaram wrote to Mumbai Police asking them to not proceed with the probe till a writ petition in the matter is heard by the Supreme Court. Republic TV has denied allegations of TRP manipulation.

ceo

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