Author: Kashmeera Sambamurthy

Air India SATS appoints Ramanathan Rajamani as CEO

Ramanathan Rajamani joined SATS Ltd. in 2011. Notably, he also led a fully-owned subsidiary of SATS to win Singapore’s National Productivity Award in 2016. He has held pivotal roles within SATS, including CEO of AISATS from 2018 to 2021, CEO of SATS Security Services in Singapore, and Head of Projects & New Services Delivery across the Asia-Pacific region.

Ramanathan Rajamani started his career in 2001 as an engineer with the Defence Science and Technology Agency, where he played a crucial role in ensuring the reliability of fighter jets for the Republic of Singapore Air Force (RSAF).

Hyundai India faces Rs 5 crore tax demand over alleged tax discrepancies

In a separate update on its financial performance, Hyundai reported a decline in its July-September 2024 quarter earnings. Net profit dropped by 16% to ₹1,375 crore, while revenue fell by 8% to ₹17,260 crore. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) decreased by 10% to ₹2,205 crore, and the EBITDA margin narrowed slightly to 12.8% from 13.1% during the same period. (Image Source: Unsplash)

The tax authority has alleged that Hyundai claimed “excess ITC in GSTR 3B/9, which is not confirmed in GSTR 2B/8A of GSTR 9, along with RCM tax paid by the company.” The total demand outlined includes ₹2.741 crore towards tax and an additional ₹2.279 crore as interest.

Online searches in honeymoon travel trends increased by over 30%: Thomas Cook & SOTC Travel

Couples are celebrating milestone anniversaries at vineyard estates (France and Italy); Premium cruises (Scandinavian Fjords, Caribbean, Polar, Mediterranean, Singapore, Abu-Dhabi), stated the research conducted by Thomas Cook & SOTC Travel. (Image Source: Unsplash)

Andamans, Kerala, Himachal Pradesh, Kashmir, North East, Goa, Uttarakhand, Rajasthan, Bhutan and Sri Lanka were some of the domestic and Indian subcontinent favourites, stated the research report by Thomas Cook & SOTC Travel.

Unilever’s Ramya Venkat joins Abbott as Director – Integrated Marketing

In a note, Ramya Venkat shared, "As the song goes, every new beginning comes from some other beginning’s end. My time at HUL has been nothing short of remarkable and I want to thank everyone who has been a part of my journey. I’m excited for this next professional chapter I’m about to embark upon."

Ramya Venkat started her career at Ogilvy & Mather as an account supervisor and went on to work across Johnson& Johnson, and then joined Unilever as assistant brand manager for Wheel, Sunlight and Magic.

Essar Group co-founder Shashikant Ruia passes away

Ruia, who was on several national bodies and industry associations, was a part of FICCI's (Federation of Indian Chambers of Commerce and Industry) managing committee. He headed Indo-US Joint Business Council as chairman, and was also the president of the Indian National Shipowners Association. (Image source: ABLF)

A first generation entrepreneur, Shashi Ruia started his career in 1965 under the mentorship of his father Nand Kishore Ruia. Then, along with his brother Ravi, he planted the seeds of Essar Group’s foundation, and then planned its business strategy, growth and diversification, stated a media report.

Moneycontrol consolidates No 1 position in business news, widens gap with over 36 percent bigger audience than ET in October as per Comscore

Readers also spent significantly more time engaging with Moneycontrol’s content, cumulatively spending 458.6 million minutes on the platform in October, as per Comscore. This is over 50 percent higher than the time-spent by users on ET - 294.8 million minutes during the month. This huge gap highlights the depth of Moneycontrol’s audience connection and engagement. (Image Source: Moneycontrol)

Moneycontrol’s audience share over 36% more than that of Economic Times in October, beats ET again on every viewership metric – as per global digital measurement agency Comscore.

IPL 2025 mega auction: Vaibhav Suryavanshi, 13-year-old from Bihar, becomes the youngest Crorepati in IPL history

Earlier this year in January, Vaibhav made headlines when he debuted in the prestigious Ranji Trophy for Bihar at just 12 years and 284 days old, becoming the eighth youngest player to feature in first-class cricket globally. (Image source: CNBC-TV18)

IPL 2025 mega auction: At just 13 years of age, Vaibhav became the youngest player to be sold at the IPL auction.

Wipro appoints Omkar Nisal as CEO, Europe Strategic Market Unit

Among his many achievements over the years, Omkar Nisal successfully ran Wipro’s banking-EMEA business, working closely with large and niche financial institutions across UK, Europe, the Middle East, and Africa.

Omkar Nisal will report to CEO and MD Srini Pallia and will also join the Wipro executive board. Nisal succeeds Pierre Bruno, who is stepping down.