Indra Nooyi, one of the most high-profile female chief executives in the US, is stepping down from her role as the head of food-and-beverage company PepsiCo.
Nooyi was the first foreign-born as well as the first woman chief executive of PepsiCo.
Nooyi, 62, will step down from the company on October 3rd, and stay on as chairman until 2019. India-born Nooyi is leaving her job at a time when the drinks maker is struggling to explore new growth potential from the old business model. But leave that for a while. The story of Indra Nooyi is an exceptional one for aspiring women business professionals across the world.
Nooyi joined PepsiCo in 1994 and became the chief financial officer of the firm in 2001
“Today is a day of mixed emotions for me. @PepsiCo has been my life for 24 years & part of my heart will always remain here. I’m proud of what we’ve done & excited for the future. I believe PepsiCo’s best days are yet to come,” Nooyi tweeted.
Today is a day of mixed emotions for me. @PepsiCo has been my life for 24 years & part of my heart will always remain here. I'm proud of what we've done & excited for the future. I believe PepsiCo’s best days are yet to come. https://t.co/sSNfPgVK6W pic.twitter.com/170vIBHY5R
— Indra Nooyi (@IndraNooyi) August 6, 2018
Born to a Tamil family in Chennai of India’s southern state Tamil Nadu, Nooyi has achieved great heights with her strong willpower and sheer enthusiasm to move on irrespective of adversities.
She has a bachelor’s degree from Madras Christian College and got management education training from IIM Calcutta. Also a master’s degree holder from the Yale School of Management, Nooyi served some of the big corporations at the beginning of her career, including the Boston Consulting Group, Motorola, and Asea Brown Boveri.
Nooyi joined PepsiCo in 1994 and became the chief financial officer of the firm in 2001. Recognizing her sharp management skills, she was named the president and chief executive of PepsiCo in 2006.
Nooyi has a phenomenal stint at PepsiCo as the top executive of the firm. She has shaped the global agenda of the drinks giant, spearheading the diversification plans which resulted in the shifting of product portfolio into healthier and more nutritious brands.
She also made the crucial decision of Pepsico’s Tropicana acquisition, and led the merger with Quaker Oats. Nooyi has been widely projected as an inspiring role model for women entrepreneurs and young female business professionals.
“Growing up in India, I never imagined I’d have the opportunity to lead an extraordinary company like PepsiCo,”Nooyi’s emotional tweet tells the crux of the story. If you have the will and determination, you can achieve.
SBI waives off outstanding loans of 23 CRPF soldiers
SBI has taken steps to immediately release Rs 30 lakh to the Pulwama martyrs’ kin
State Bank of India (SBI) has announced a noble initiative for the families of the CRPF soldiers who martyred in a dastardly terrorist attack in Pulwama, Jammu & Kashmir on February 14, 2019.
India’s largest lender will waive off all the outstanding loans of 23 soldiers who availed loans from the bank with immediate effect, said SBI in a statement.
As all the CRPF soldiers were customers of the Bank under Defence Salary Package, the Bank provides insurance of Rs 30 lakh to each of the defence personnel. According to the officials, the Bank is taking necessary steps to accelerate the release of insurance money to the next of kin of the martyred soldiers.
“It is extremely upsetting and disturbing to witness the loss of lives of the soldiers who always stand for the safety of our motherland. In this moment of grief, our sincere thoughts are with the families of our brave hearts,” said Rajnish Kumar, Chairman, SBI.
Modi thinks India could become the second largest economy by 2030
Currently India is the fastest growing major economy in the world
Indian Prime Minister Narendra Modi thinks India will become the second largest economy by 2030, surpassing the US. He was upbeat about India’s spectacular growth while inaugurating the hydrocarbon conference at India Expo Centre, Greater Noida, in Uttar Pradesh on Monday.
Currently, India is the fastest growing major economy in the world. The Prime Minister is of the opinion that it could become the second largest economy by 2030 and the third largest energy consuming country in the world.
As India’s growth is happening at a tremendous pace, the demand for energy is also increasing, at an annual growth rate of 5 per cent, and that makes India an attractive market for multinational energy companies. According to some estimates India’s energy requirement is expected to more than double by 2040.
As per the report of Standard Chartered, these are expected to be the 10 largest economies in the world by 2030.
Why Tata is India’s most valuable brand
According to Brand Finance, Tata is the only Indian brand among the Top 100 brands in the world
Good news! Indian business conglomerate Tata group has entered into the list of Top-100 brands in the world.
According to the Brand Finance Global 500 2019 report, the value of Tata brand rose by 37% percent from last year, and it has reached $19.5 billion.
Tata was at rank 104 in the previous year, and climbed to rank 86 in the new report. According to a statement issued by the company, Tata is the only Indian brand in the premiere league of 100 companies.
Tata companies which include Tata Consultancy Services, Tata Motors and Tata Steel have improved their performances and it reflected in the brand ranking, as per the statement of Brand Finance.
“TATA has always been synonymous with trust and leadership and these brand attributes are even more important to all our stakeholders today. This recognition of the strength of our brand will encourage us to drive our businesses in a socially responsible manner globally while continuing to strive for excellence through innovation and entrepreneurship,” N Chandrasekaran, chairman, Tata Sons, said in a press statement.
The chief executive officer of Brand Finance, David Haigh, made it clear that Tata Group’s brand value is primarily the reflection of the outstanding performance by Tata Consultancy Services (TCS), the IT behemoth of India which has an impressive brand rating of AAA.
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