In a significant push to popularise cricket in the US, a $120 million funding has been secured from prominent Indian-American business leaders, including Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen, to launch the first professional T20 league in the US. Major League Cricket (MLC), the first professional Twenty20 Cricket League in the US, announced Thursday that it has completed an initial close of a $44 million Series A and A1 Fundraising Round led by a group of America's leading business leaders. It said that with an additional commitment of $76 million in further fundraising over the next 12 months in place, MLC plans to deploy more than $120 million to launch the country's first-ever professional T20 league.
Global tech major Adobe Systems' chief executive Shantanu Narayen on Thursday said creativity, and not software code, will be the main driver of India's economy in the future.
Adobe System's chief executive officer Shantanu Narayen and beverage major Pepsico's Indra Nooyi have been ranked at the 16th and 17th places, respectively in the list of 25 'top gun CEOs' for 2009 who kept their firms thriving amid the recessionary situation. The list is topped by business solutions provider Automatic Data Process's Gary C Butler and the magazine said he was 'extremely strong at strategic planning and overall execution.'
Indra Nooyi and Shantanu Narayen have been named among America's '25 Top Gun CEOs' for their outstanding role in turning around the fortunes of their companies during a recession.
Procter & Gamble has announced Shailesh Jejurikar as its next CEO, effective January 1, 2026. Jejurikar, an India-born executive, will succeed Jon Moeller in the role.
'Immigrants have always been America's greatest strength, building prosperity, breakthroughs, and communities that enrich us all. Instead of embracing that strength, Trump is clamping down on every form of immigration, tearing families apart, destabilising businesses, and weakening our economy'
'Returning Indians can leverage their international skills and the strong funding environment for start-ups here.'
Microsoft discussed the possibility of buying out Adobe Systems at a recent meeting between their chief executives Steve Ballmer and Shantanu Narayen, says a media report.
Narayen, currently president and chief operating officer, will also join the board of director of the company and Chizen will serve his remaining term on the Board through spring of next year and continue in a strategic capacity through the end of fiscal year 2008.The 43-year-old had occupied several high management positions at Apple before founding photo-sharing software company Pictra.
Sikka ranks 35th in the list.
As Adobe inches towards the $3 billion revenue mark, a new Indian-born CEO, Shantanu Narayen, replaces Bruce Chizen. He will be joining Adobe's board of directors on December 1 this year.
Six companies led by India-origin people including banking behemoth Citigroup and soft drinks major Pepsico have been named among the greenest American companies by Newsweek magazine.
Food and beverages maker PepsiCo and software manufacturer Adobe Systems have made it to the list of world's most ethical companies for this year which are led by CEOs of Indian origin.
Wojcicki, 54, said in her blog post that she will focus on "family, health, and personal projects I'm passionate about." Wojcicki, who was previously a senior vice president for ad products at Google, became CEO of YouTube in 2014.
He will visit the campuses of iconic Tesla, Facebook and Google
The company employs 4,200 people across three centres in Noida and Bengaluru, which together employ a fourth of its global workforce
Many other Indians are heading the businesses at companies abroad.
Prime Minister Narendra Modi began his engagements in the US on Thursday by meeting with leading American CEOs from five different key sectors and highlighted the economic opportunities in India.
On Thursday, the prime minister is scheduled to hold one-on-one meetings with top five American CEOs. Two of them are Indian Americans -- Shantanu Narayen from Adobe and Vivek Lall from General Atomics. The three others are Cristiano E Amon from Qualcomm, Mark Widmar from First Solar, and Stephen A Schwarzman from Blackstone.
"This is something to be proud of," said Raj Panjabi, who is currently serving as Senior Director for Global Health Security and Biodefence on the White House National Security Council.
Indian billionaires Mukesh Ambani and Anand Mahindra, Apple CEO Tim Cook and corporate leader Indira Nooyi were among the guests. CEOs of Google, Microsoft and Adobe -- Sunder Pichai, Satya Nadella and Shantanu Narayen -- also attended the event.
Satya Nadella is the highest-paid CEO in the US. So how do the other Indian-American executives fare?
Prime Minister Narendra Modi on Thursday is scheduled to have as many as eight meetings, including with Vice President Kamala Harris, on the first working day of his current US trip.
15 per cent of startups in Silicon Valley are founded by Indians.
It's a honour to welcome Prime Minister Narendra Modi to Silicon Valley, says Sundar Pichai.
A grouping of Indian and Indian-origin professionals working with tech giants like Google, Uber, Amazon and Facebook have written an open letter against the new religion-based citizenship law and the planned national register of citizens, terming them as "fascist". The letter by 'TechAgainstFascism' on online publishing platform Medium also urged the leaders to refuse to shut off the Internet at the "government's whim" and to ensure that content moderation is not skewing pro-government.
Adobe has roped in industry veteran Abhay Parasnis to head the firm's technology strategy, particularly its cloud portfolio, reports Ritu Jha.
With Sundar Pichai becoming the CEO of Google, India has one more reason to cheer its prowess in the global IT sector.
Modi hopes to attract funds and skills from U.S. innovators to help India's burgeoning startup scene grow.
During his two-day stay in Silicon Valley, he would begin and conclude his engagements with the Indian-American community, the last one being an address to a crowd of over 18,500 Indian-Americans at the SAP Centre in San Jose.
The footprints of Indian-origin corporate executives at multinationals is expanding, with Sandeep Kataria taking over the reins of footwear major Bata as its global chief executive officer. From FMCG majors to IT titans, Kataria joins the league of Indian-origin executives who have climbed the highest echelons of corporate across diverse sectors globally. From Nooyi to Pichai to Nadella, the list of such people at the helm of multi-billion dollar enterprises is long.
Laxman Narasimhan, a veteran in leading and advising global consumer-facing brands, has been named as the new CEO of coffee giant Starbucks, joining a growing cohort of Indian-origin business leaders at the helm of global corporations.
Prime Minister Narendra Modi arrived in Washington, DC, on Wednesday on an official visit to the United States during which he will hold the first face-to-face meeting with President Joe Biden and his deputy Kamala Harris, attend the maiden in-person Quad summit and address the 76th session of the United Nations General Assembly in New York.
When Parag Agrawal was appointed CEO of Twitter in November 2021, the IIT graduate joined a steadily growing club of executives from India rising to the top of global corporations, but the 38-year-old executive's brief tenure at the helm of the social media giant was challenging and chaotic.
'Enterprises have become more demanding in terms of their productivity expectation from their employees.'
He is meeting stalwarts such as Google's Eric E Schmidt, Carlyle's David M Rubenstein, Cargill's David W MacLennan, MasterCard's Ajay Banga, and Pepsico's Indra Nooyi.
With his elevation as the CEO of Twitter, Parag Agrawal, in whom co-founder of the microblogging giant Jack Dorsey has "bone-deep" trust, joins the growing power club of Indian-origin executives helming US-based global multinationals. Twitter's outgoing CEO Dorsey announced on Monday that 37-year old Agrawal, an Indian Institute of Technology, Bombay and Stanford University alumnus, will be the company's new chief executive as he stepped down after 16 years at the company that he co-founded and helmed. A report in The New York Times said Agrawal will receive an annual salary of $1 million, in addition to bonuses, restricted stock units and performance-based stock units.
This was because his wife Anu was not able to join him in Seattle, due to the existing US law that said if a green card holder marries, his/her spouse's visa is rejected.
India's growth presents a win-win partnership for the country and the US, and American companies have a great opportunity to contribute to that, Modi told the CEOs.
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