Emami: Emami plans foray into new verticals as next-generation enters

Emami: Emami plans foray into new verticals as next-generation enters

KOLKATA: With the third generation making an entry into the business, the Rs 30,000-crore Emami group is looking to venture into 7 to 8 new verticals in the next 3-4 years. Group director Aditya V Agarwal said on Wednesday that Emami would enter categories having consumer focus. According to him, food, personal care products and … Read more

EY initiates unprecedented partner layoffs amidst industry slowdown

EY initiates unprecedented partner layoffs amidst industry slowdown

Ernst & Young (EY) is undertaking a significant round of partner layoffs, affecting various U.S. business segments, as the global accounting giant contends with diminishing demand for specific services and strives to streamline operations following the abandonment of its plan to split the firm, reported Wall Street Journal.The extensive partner cuts are primarily concentrated in … Read more

Kotak: Whole-time directors seen to succeed Kotak at bank

Kotak: Whole-time directors seen to succeed Kotak at bank

MUMBAI: Kotak Mahindra Bank’s two whole-time directors, K V S Manian and Shanti Ekambaram, are seen as key internal contenders to succeed Uday Kotak. The former second-in-command, Dipak Gupta, who has taken charge as interim CEO, is ineligible for a director position because of RBI’s cap on tenure for board positions.On Saturday, Uday Kotak announced … Read more