Nvidia's board has initiated an independent investigation into reports that CEO Jensen Huang was targeted by a Chinese intelligence operation involving a businesswoman with whom he allegedly had a romantic relationship. This comes as former US President Donald Trump defended Huang as an "honourable guy" and China dismissed the allegations as a smear campaign.
US President Donald Trump has publicly defended Nvidia CEO Jensen Huang, calling him a 'very high-quality person' amidst allegations of an affair with a suspected Chinese spy and an ongoing FBI probe. Trump stated that Huang denied any knowledge of the woman's alleged ties to Chinese intelligence, and the President believes him.
US intelligence agencies have reportedly concluded that Alice Huang, a Chinese businesswoman with close ties to Nvidia CEO Jensen Huang, was a Chinese intelligence asset. She is accused of funnelling information to Beijing and helping China circumvent US AI chip restrictions. China has dismissed these allegations as a "smear". The findings raise concerns about potential access to sensitive information regarding US-China relations and Nvidia's technology.
Uttar Pradesh Chief Electoral Officer Navdeep Rinwa has responded to allegations of caste bias regarding erroneous voter slips, stating that computers and software are not inherently casteist. The controversy arose after an AAP MP highlighted a voter slip where "Ramhit Yadav" was translated to "Ram ne Yadav ko Maara." Rinwa explained that the software, designed for transliteration, sometimes incorrectly translated names, causing these errors. Authorities are investigating the issue and taking steps to prevent recurrence, while also cautioning against the circulation of forged voter slips.
Mercedes-Benz CEO Ola Kllenius believes India is poised to become a significant manufacturing and export hub for the luxury carmaker, citing the country's growing market, supplier ecosystem, and engineering capabilities. The company also anticipates electric vehicles (EVs) will constitute a substantial 20% of its India sales by 2027.
Schaeffler India CEO Harsha Kadam has been arrested in connection with a fatal gas leak at the company's Pune facility in June, which resulted in the deaths of two workers. Kadam is the eighth person arrested in the case, facing charges including culpable homicide. The incident occurred during unauthorised maintenance work on a CO2 fire suppression system.
IndiGo is undertaking a comprehensive review of its long-standing policy against fuel hedging, particularly in light of rising jet fuel prices and its ambitious long-haul expansion plans. CEO Willie Walsh stated that while domestic competitors don't hedge, international expansion necessitates a re-evaluation to manage risk and provide stability against volatile fuel costs.
Info Edge (India) Ltd, the parent company of Naukri.com, is undergoing a significant leadership change as founder Sanjeev Bikhchandani prepares to return as managing director and group chief executive officer. This transition follows Hitesh Oberoi's decision to step down from his executive roles after nearly 27 years with the company, though he will remain on the board as a non-executive, non-independent director.
The Chief Electoral Officer of Uttar Pradesh has strongly denied media reports alleging irregularities in the addition of 16.18 lakh voters during the Special Intensive Revision (SIR). The CEO asserted that the process was conducted with "utmost transparency" and in strict adherence to electoral laws and ECI instructions, clarifying the collection and processing of Form-6 applications.
Cricket West Indies (CWI) CEO Chris Dehring has vehemently criticised the existing revenue model for bilateral cricket series, highlighting that the West Indies receive no financial benefit from their lucrative ongoing white-ball engagement with India.
Ericsson CEO Andres Vicente emphasised the critical need for technology alignment and ecosystem collaboration to ensure security in the age of Artificial Intelligence. Speaking on Wednesday, he highlighted that AI's benefits in productivity and innovation cannot be forgone, making shared security concerns across interconnected tech layers paramount. Ericsson is actively working with partners through the Trusted Tech Alliance to establish common AI-era security understandings.
Airtel Business CEO Sharat Sinha stated that evolving architecture and methodologies for safely deploying Artificial Intelligence, coupled with adequate guardrails, are essential to unlock productivity gains. He welcomed the government's upcoming consultation paper on AI regulation, focusing on safety, deepfakes, and a human-first approach. Sinha also highlighted AI's role in driving demand for digital infrastructure and Airtel's growth in cybersecurity and fraud prevention.
Cisco Chairman and CEO Chuck Robbins announced plans to expand the company's silicon design team in India, citing the country's pro-growth strategy, scale, ambition, and engineering focus as key reasons for its strategic importance.
Infosys CEO Salil Parekh stated on Tuesday that the company's AI services, currently contributing over 8% of revenue, are growing rapidly and could account for almost half of its work within two to three years. He highlighted the strong demand for AI services, the company's hiring and training efforts for graduates in AI, and discussed potential risks like infrastructure challenges and societal backlash.
HDFC Bank has announced the appointment of Anup Bagchi as its new Managing Director and Chief Executive Officer for a three-year term, effective October 27, 2026. Bagchi, currently leading ICICI Prudential Life Insurance, will succeed Sashidhar Jagdishan, whose term concludes on October 26, 2026. The Reserve Bank of India has approved this significant leadership transition.
Anup Bagchi, the incoming MD & CEO of HDFC Bank, is set to become India's highest-paid bank CEO with a proposed target annual compensation package of approximately 35.9 crore, including a significant variable pay component and a one-time joining bonus.
Workday, a global HR tech major, has unveiled its new AI platform, Sana, designed to automate human resources and finance functions. Chairman and CEO Aneel Bhusri stated that AI is likely to replace low-cost, outsourced jobs due to increased productivity, rather than leading to jobs moving out of first-world countries. The platform uses AI agents for tasks like payroll and compliance, and Workday has acquired C1.ai to manage access rights for these agents. Bhusri emphasised that AI should augment humans, redefining roles rather than replacing them entirely.
Cisco Chairman and CEO Chuck Robbins stated that attempts to slow down AI development are futile. He emphasised that the primary focus should be on enhancing security and defensive measures to match AI's rapid advancement. Robbins also discussed the need for guardrails in AI model releases, the importance of cyber hygiene, and the balancing act between innovation and regulation, particularly for countries like India. He believes AI will not be a net job disruptor but will move people up the value chain.
Anup Saha, currently a Wholetime Director at Kotak Mahindra Bank, has been appointed as the new Managing Director and Chief Executive Officer for a three-year term, effective January 1, 2027, with the Reserve Bank of India's approval.
Parvathy Maya Shaji, CEO of Amster Overseas Private Limited, has been detained at Thiruvananthapuram airport in connection with two cheating cases registered in Kochi. She is accused of defrauding individuals by promising high-paying jobs abroad in Armenia and Poland, with complainants paying significant sums. Her husband and other employees are also named in the cases, and police anticipate more complaints.
Tewolde Gebremariam, Air India's CEO and MD-designate, has outlined passenger safety, operational reliability, and sustainable profitability as the airline's foremost priorities, emphasising a stronger safety-reporting culture and improved disruption recovery.
Air Marshal Jeetendra Mishra (retired) has been appointed as the first CEO of the Shri Ram Janmabhoomi Teerth Kshetra Trust, which oversees the Ram temple in Ayodhya, following a restructuring exercise to enhance administration.
'There is mis-alignment in strategic thinking of the board and management.' 'As the business environment and customer behaviour evolve rapidly, boards are increasingly looking for leaders who can bring new ideas and challenge legacy approaches.'
Lithium-ion battery recycling firm NAN Silox GreenMet Pvt Ltd has appointed Vijay Pasupathy as its Chief Executive Officer. The company is advancing plans to establish a Rs 1,400-crore critical metals recycling facility in Naidupeta, Andhra Pradesh, aiming to boost domestic capabilities in processing recovered critical metals and reduce reliance on imports.
KPMG in India CEO Yezdi Nagporewalla expressed concern over the high valuations of global AI companies, deeming them unsustainable. He believes India, despite a late start, has a strong chance to develop its own unique Local Language Models due to its robust tech ecosystem and global capability centres.
The Indian Super League (ISL) has appointed Karan Yadav, former Chief Commercial Officer of JSW Sports, as its new CEO. He will lead the league under a new club-led model, focusing on strategic direction, commercial growth, and strengthening stakeholder relationships, while clubs will hold commercial rights and AIFF will maintain administrative oversight.
US President Donald Trump hosted a Diwali celebration at the Oval Office, attended by prominent Indian-American members of his administration, entrepreneurs, and top CEOs. The event featured the lighting of a diya and highlighted the growing cultural ties and contributions of the Indian-American community.
India's promoter-friendly corporate governance ethos has been shaken by this unprecedented challenge to the revered Tata Group, known for putting public good above personal gain, points out Rama Bijapurkar.
Micron CEO Sanjay Mehrotra announced plans to significantly scale up the company's chip assembly and testing facility in India, moving from "vision to execution" in the nation's semiconductor ambitions. He highlighted the success of the Sanand, Gujarat plant, which is already producing "Made in India" memory chips, and the company's substantial engineering contributions from its Indian centres. Mehrotra also emphasised the critical role of memory chips in the AI era, driving Micron's growth.
NetApp CEO George Kurian advocates for harmonised global AI regulations to simplify compliance and foster business growth. He highlights the complexities arising from diverse regulatory frameworks and the importance of a unified approach, similar to cyber resilience standards. Kurian also notes India's significant role as NetApp's fastest-growing market in Asia, driven by its Bengaluru global capability centre.
UFC CEO Dana White has reportedly declined US President Donald Trump's public offer to become the next White House Press Secretary, despite Trump's unusual proposal to bring prominent MMA fighters as assistants.
HDFC Bank has submitted two names to the Reserve Bank of India for the managing director and chief executive position, following incumbent Sashidhar Jagdishan's decision not to seek reappointment. The bank also announced board changes, increasing whole-time directors to four and appointing Jimmy Tata as an executive director. This move comes as Jagdishan's term ends in October, creating a tight timeline for succession.
President Donald Trump says he was joking when he suggested UFC CEO Dana White could become White House press secretary. His social media post had also proposed bringing UFC fighters on board as assistants to help defend his administration against the political left.
Keralam Industries Minister P K Kunhalikutty unveiled the logo and website for COKPIT 2027, a Global Aviation GCC Leadership Summit scheduled for January 2027 in Kochi. The summit aims to position Kochi as a prime destination for aviation Global Capability Centres, attracting industry leaders and showcasing the city's potential as an aviation hub with strong connectivity and existing infrastructure.
Air Marshal (retd) Jeetendra Mishra has taken charge as the first Chief Executive Officer of the Ram temple trust in Ayodhya. He attended his inaugural meeting with trust members, where he was briefed on administrative and accounting functions. This appointment is part of a broader administrative overhaul following controversies over alleged embezzlement of temple donations.
Air Marshal (retd) Jeetendra Mishra has been appointed as the first Chief Executive Officer (CEO) of the Shri Ram Janmbhoomi Teerth Kshetra Trust. His selection follows a rigorous process and comes amidst a recent controversy regarding alleged embezzlement of temple donations.
Hexaware Technologies has announced Vivek Jetley as its CEO-Designate, succeeding Srikrishna Ramakarthikeyan. Jetley will take over on October 28, 2026, with a mandate to accelerate growth and scale the company's AI-led services globally, leveraging his extensive experience in AI and enterprise transformation.
'The changes in its leadership team will help address the scepticism that has engulfed the bank over the recent period.'
The AICF's proposed constitution could change the symbolism of its top office. The president may no longer remain merely the king on the chessboard -- important to the organisation but with limited reach -- and could become something closer to the queen, influencing internal governance, external representation and emergency decision-making.
Fino Payments Bank reported a net loss of Rs 21 crore for the second quarter ended September 2026, a significant drop from the Rs 15 crore profit in the previous year. This comes as the bank operates under an interim CEO following the arrest of its former MD & CEO, Rishi Gupta, on charges of GST violations linked to online money gaming.
