Skip to content
Search

Latest Stories

Salesforce gets Arundhati Bhattacharya as India chief

AMERICAN business group Salesforce said on Wednesday (18) that former Indian banker Arundhati Bhattacharya would be one of its top executives.

The global giant in CRM said Bhattacharya, 64, will join the group on April 20 as chairperson and chief executive of its India division.


She is expected to be tasked with supporting the global giant to expand its services quickly in India, as it is one of its fastest-growing foreign markets for the San Francisco-based business.

Bhattacharya earlier served as the chairperson of India’s largest lender State Bank of India (SBI) for over 40 years.

The first female chairman of SBI also oversees financial services group SWIFT India

In 2018, she joined the board of directors of three Indian companies -- Wipro Limited, Reliance Industries Limited and Piramal Group.

In her new role, Bhattacharya will report to Ulrik Nehammer, general manager of Salesforce in the Asia-Pacific region.

Gavin Patterson, president and CEO of Salesforce International, said in a statement: “Arundhati is an incredible business leader, and we are delighted to welcome her to Salesforce as chairperson and CEO India.

“India is an important growth market for Salesforce and a world-class innovation and talent hub, and Arundhati’s leadership will guide our next phase of growth, customer success and investment in the region”.

Salesforce offers a range of cloud services to its customers in the south Asian country, where it has over one million developers and more Trailhead users than in any other market outside of the US.

The company competes with local players Zoho and Freshworks, among others.

The company said it expects to add 3,000 jobs in India in the next three years.

Bhattacharya said: “I could not be more excited to join the Salesforce team to ensure we capture this tremendous opportunity and contribute to India’s development and growth story in a meaningful way”.

More For You

Swiss banks

Funds held in customer accounts by Indian clients rose by 11 per cent in the year to 346 million Swiss francs (£3.14m) and accounted for about one-tenth of overall funds.

iStock

Indian funds in Swiss banks triple to £3.1bn in 2024

INDIAN money in Swiss banks more than trebled in 2024 to 3.5 billion Swiss francs (£3.1bn), attributed to a rise in funds held through local branches and other financial institutions, annual data released by Switzerland's central bank showed on Thursday (19).

However, funds held in customer accounts by Indian clients rose by 11 per cent in the year to 346 million Swiss francs (£3.14m) and accounted for about one-tenth of overall funds, the report showed.

Keep ReadingShow less
Bank of England

In a statement, the central bank pointed to a recent rise in energy prices, citing the 'escalation of the conflict in the Middle East' as a factor.

Getty Images

Bank of England holds interest rate at 4.25 per cent

THE BANK OF ENGLAND (BoE) kept its key interest rate at 4.25 per cent on Thursday, citing persistent inflation and rising risks from US tariffs and the conflict between Israel and Iran.

The decision, which was widely expected, came a day after the US Federal Reserve also left its interest rates unchanged, pointing to continued inflation and slowing growth in the United States.

Keep ReadingShow less
Pakistan army-backed firm joins race for national airline
FILE PHOTO: Passengers board a Pakistan International Airlines (PIA) flight at the airport in Kabul on September 13, 2021. (Photo by AAMIR QURESHI/AFP via Getty Images)

Pakistan army-backed firm joins race for national airline

TWO of Pakistan's leading business groups and a company backed by the powerful military will bid for the country's ailing national carrier, a divestment the government hopes will kickstart the privatisations of state-owned enterprises.

The sale of Pakistan International Airlines will be the first major privatisation for around two decades, with the sale of loss-making state-owned enterprises a condition of last year's $7 billion (£5.5bn) bailout by the International Monetary Fund.

Keep ReadingShow less
Fugitive jeweller Mehul Choksi accuses India of kidnapping
Choksi, accused in a bank fraud case in India, has been arrested in Belgium and plans to appeal for release, citing medical grounds. (Photo: Getty Images)

Fugitive jeweller Mehul Choksi accuses India of kidnapping

FUGITIVE jeweller Mehul Choksi accused India of orchestrating his kidnapping to extradite him on fraud allegations, with his lawyers telling London's High Court on Monday (16) that only India had the motivation and resources to do so.

Choksi – who was arrested in Belgium in April – is wanted in India over his alleged involvement in one of India's biggest bank frauds at Punjab National Bank, which in 2018 announced it had discovered alleged fraud worth $1.8 billion (£1.29bn).

Keep ReadingShow less
UK Inflation

The Consumer Prices Index (CPI) stood at 2.6 per cent in March, down from 2.8 per cent in February, the Office for National Statistics (ONS) said. (Representational image: iStock)

: iStock

Inflation eases to 3.4 per cent in May, stays above forecast

UK INFLATION eased slightly in May but remained above expectations, according to official figures released on Wednesday, adding to speculation that the Bank of England will keep interest rates unchanged this week.

The Consumer Prices Index fell to 3.4 per cent in May from 3.5 per cent in April, which had marked a 15-month high, the Office for National Statistics (ONS) said.

Keep ReadingShow less