So a new guy to "lead" Nestle after quite a while

Founder

Nestle India's Swiss parent nominates Manish Tiwary as new MD, succeeding Suresh Narayanan.  Tiwary, former Amazon India head, awaits board approval to take over.  Narayanan retires after nearly a ...

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- **Nestle India**'s Swiss parent nominates **Manish Tiwary** as new MD, succeeding **Suresh Narayanan**.
- Tiwary, former **Amazon India** head, awaits board approval to take over.
- **Narayanan** retires after nearly a decade, known for rejuvenating **Maggi** brand.
- Nestle India faces **stagnant sales** and increased competition.
- Shares down **3.2%** this year, while **Nifty 50** is up **14%**.

Source: [Mint](https://www.livemint.com/companies/people/manish-tiwary-nominated-lead-nestle-india-operations-former-amazon-india-head-business-competition-suresh-narayanan-news-11728349472353.html), [The Times Of India](https://timesofindia.indiatimes.com/business/india-business/amazon-executive-to-be-new-nestle-india-head/articleshow/114025856.cms)

Nestle India Appoints Ex-Amazon Head as MD

Journalist

Nestle India Appoints Ex-Amazon Head as MD- Grapevine

- In a sudden move, Amazon India announced on August 6 that its country head, Manish Tiwary, has resigned to pursue an opportunity outside the company.
- Amit Agarwal, SVP India and Emerging Markets, will oversee operations in India, with Tiwary’s team reporting to him, as Amazon does not plan to hire a replacement.
- The leadership change comes amid a backdrop of reduced competitive intensity for Amazon in India, with rivals like Flipkart and quick commerce companies gaining ground.
- Industry buzz suggests a power struggle between Tiwary and Agarwal, with the latter being a long-time insider and part of Jeff Bezos' senior leadership team.
- Amazon India has faced challenges, including high attrition and slower growth compared to competitors, but the company is doubling down on its cloud services business, AWS, with significant investment planned. 

 Source: https://www.moneycontrol.com/news/business/startup/power-struggle-amit-agarwal-in-control-of-amazon-india-as-manish-tiwary-bows-out-12789144.html

Amit Agarwal Takes Charge of Amazon India as Manish Tiwary Steps Down

Nestlé’s baby food brands including Cerelac and Nido added sugar in the form of sucrose, in lower and lower-middle income countries including India — but not in the products sold in Europe or UK, according to a report by Swiss investigative organisation Public Eye and International Baby Food Action Network (IBFAN).

The research was conducted at a lab in Belgium, and examined Nestlé’s baby food products from Asia, and Africa branded as Cerelac, Nido, Mucilon and Dancow. These contained an average of 3 grams per serving, and in some cases up to 6 grams. Similar products tested in the European markets showed no added sugar. A Nestlé India spokesperson has attested that the company has reduced the sugar content in the baby product portfolio by 30% over the past five years, NDTV reported. In 2022, the sales on these products exceeded Rs.20,000 crore in India alone.

Nestlé has been under the scanner in the past for similar violations in several African countries. Reports from the 1970s raised the alarms on their unethical marketing practices in an effort to push artificial feeding over breastfeeding.

New 20000 crore market just opened up

Product Designer

- French consumer goods group, **Danone**, plans to expand in India to compete with rivals **Unilever** and **Nestlé**.
- CEO Antoine de Saint-Affrique announced a four-year €20mn investment to expand Danone’s existing plant in Punjab.
- Despite being the world's largest producer of dairy products, Danone has struggled to penetrate India's market.
- The company's history in India has been described as 'stop-start' with a 'tiny' current market share.
- De Saint-Affrique did not rule out potential Indian acquisitions, stating there's plenty they can do organically.

Source: [Financial Times](https://www.ft.com/content/c2cd7bc1-9860-40bc-967f-24e68d52721c)

Danone Aims for India Expansion to Rival Unilever and Nestlé

- Swiggy considering Amitesh Jha, former Flipkart exec, as Instamart CEO
- Move coincides with Swiggy's IPO preparations
- Current Instamart CEO Phani Kishan Addepalli may shift to org-wide role
- Jha brings decade-long experience in product categories from Flipkart
- Instamart bolstering team with key hires ahead of Swiggy's planned $1.25B IPO 

 Source: [The Arc](https://thearcweb.com/article/swiggy-instamart-set-to-appoint-flipkart-veteran-amitesh-jha-as-ceo-fVbzbz0dQKfVKwb1)

Swiggy Instamart Eyes Flipkart Veteran Amitesh Jha for CEO Role

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Seen quite a few top/mid level exits in Tata Digital over the past two years.

Recent one is this
https://m.economictimes.com/tech/technology/churn-on-tata-digital-loses-another-senior-executive-as-travel-head-subramanian-exits/amp_articleshow/104762870.cms

What is going on in Tata Digital? Is the tech and Product teams actually good enough?
Or is it something related to process/culture?

What is going on in Tata Digital?

Senior product manager

- Manish Tiwary, the head of Amazon India, has resigned from his position. 
- Tiwary's departure marks a significant change in Amazon's leadership in India. 
- He is set to join a new company, though details about his next role are not yet disclosed. 
- Tiwary has been a key figure in Amazon's growth and operations in the Indian market. 
- The company is expected to announce his successor in the coming weeks. 

 Source: https://www.moneycontrol.com/technology/amazon-india-head-manish-tiwary-resigns-will-join-a-new-company-article-12789003.html

Amazon India Head Manish Tiwary Resigns, Will Join a New Company

Have been seeing this as of recent, is it change in direction - new leadership to drive that

Swiggy has announced a significant addition to its senior leadership team with the appointment of Ashwath Swaminathan as Chief Growth & Marketing Officer.

Ashwath Swaminathan joins Swiggy as Chief Growth & Marketing Officer

Why is this common now? Big hire after mass layoffs

Frontend Engineer

How is the culture at Jupiter? They seem to be hiring in marketing and & growth and have recently onboarded a CMO.

Brand marketing manager

- Avnish Anand announced his resignation from CaratLane, citing a desire to reprioritise life and pursue other interests.
- Anand spent 13 years at CaratLane in two stints, rising to become cofounder and CEO.
- CaratLane reported a 5% YoY decline in net profit to INR 78.59 Cr in FY24, while operating revenue jumped 41% YoY to INR 3,080 Cr.
- Tata-owned CaratLane has not yet announced a successor to Anand.
- Anand plans to continue working in the startup ecosystem and help build more CaratLanes, while also exploring other interests. 

 Source: [Inc42](https://inc42.com/buzz/avnish-anand-steps-down-as-caratlane-md-ceo/)

Avnish Anand Steps Down as CaratLane MD & CEO

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Big news. Anyone got tea on what's up at Jupiter?

Anuj Rathi takes over Cleartrip as CEO

Product Manager

"Patanjali apology in newspapers should be of same size as its advertisements"

India News: Mukul Rohatgi, appearing for Ramdev, said that an apology has been published in newspapers. But the Supreme Court reprimanded him on why the apology w

 Supreme Court says Patanjali apology in newspapers should be of same size as its advertisements | India News - Times of India

I'm Lovin This

Senior software engineer

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Hey guys,

What is the latest gossip you guys have heard at Paytm? Spill some beans 

I am hearing that some new product head was hired just to give Shreyas Shrinivasan competition internally.

What is the latest gossip at Paytm?

Data scientist

Swiggy confirms that Amitesh Jha is joining as quick commerce unit Instamart's CEO

Corporate Strategist

Let's examine a snapshot of the Swiggy Engineering VPs' status from three months ago and compare it to their current situation.

CTO Dale departed just yesterday.
Storefront - Madhu has been promoted to the role of CTO, and we are awaiting the appointment of a new VP.
ATS - Ashish is currently serving his notice period.
MFP - Piyush has left the company, and Soumya has taken on additional responsibilities.
RNG - Nitesh is currently interviewing with other firms.
DIP - Soumya is still performing well in their role.
DevOps - Anurodh is in charge.
Location Intelligence - Pradnya is currently serving her notice period.

One potential reason for their departure is the recent devaluation, which has resulted in an unofficial 50% reduction in the value of the ESOPs. Given the minimal salary increases, unless prompt action is taken by the remaining leadership, this ship will inevitably sink!

PS The engineers at Swiggy are aware of the alternative interpretation of SOS.

Swiggy SOS

So again Unacademy has asked people to leave, and asked them to resign.

Leadership is so clueless about what they are doing, they fired 3-4 people whom they had hired a month ago. Imagine the situation 😂

And I don't see this stopping at Unacademy anytime soon

They are aching left, right and centre. Still some people are making advt videos with Sachin.

And the nalla has time to tweet and enjoy vacation, I pity the investors who funded them.

100th Layoff round at Unacademy

Growth Manager

Share some jobs or function names which are highly overvalued and overpayed?

Software Developer

- Myntra CEO Nandita Sinha has been asked to lead Flipkart Fashion, requiring a differentiated approach for both platforms.
- Sinha aims to increase e-commerce penetration in India's $130-billion lifestyle industry, where Walmart holds a 50% market share.
- Despite operational differences, both units share the goal of boosting online fashion market penetration from 13% to 18-22% by 2028.
- The e-lifestyle market is expected to grow to $40-45 billion by 2028, driven by Gen Z shoppers, premiumisation, and easing inflationary pressures.
- Investments in Gen Z, premiumisation, omnichannel, and influencer-led marketing are crucial for future growth, according to Sinha. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/leading-flipkart-fashion-myntra-two-very-different-jobs-says-chief-nandita-sinha-12790578.html)

Nestle India Appoints Ex-Amazon Head as MD

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