&w=3840&q=100)
Startup founders can't be Batman, Superman, Mandrake combined: Shivakumar
premium
Surajeet Das Gupta New Delhi
Listen to This Article
His just-released book, The CEO Mindset, focuses on leadership qualities in a complex world. Shiv Shivakumar, operating partner at Boston-based $500 billion private equity (PE) major Advent International — who has straddled various companies from Hindustan Lever to Aditya Birla group — talks to Surajeet Das Gupta about management challenges and business models. Edited excerpts:
What is your assessment of the impact of artificial intelligence (AI) on Corporate India?
AI will take out aggregator jobs — for example, the executive who prepares the minutes of board meetings is gone. Most of these roles lie in middle and lower management, but
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Tata Motors set to acquire Italian truck maker Iveco for $4.5 billion in its biggest deal to date
Mumbai: Tata Motors is all set to buy Italian truck maker Iveco from its principal shareholder, the Agnelli family , for $4.5 billion (₹3.9 billion, making it the Tata Group 's second-largest acquisition after Corus and the largest ever for the automobile major, people aware of the discussions told ET. In 2008, Tata Motors bought Jaguar Land Rover (JLR) for $2.3 billion. Explore courses from Top Institutes in Please select course: Select a Course Category MCA Data Science Artificial Intelligence Technology Product Management Public Policy Data Analytics Management Data Science MBA healthcare Degree Digital Marketing PGDM Operations Management Project Management others Others Finance Healthcare Cybersecurity Design Thinking CXO Leadership Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details A formal announcement on the takeover is expected as early as Wednesday, said the people cited above. The boards of Tata Motors and Turin-based Iveco are meeting on Wednesday to approve the transaction, said the people cited above on the condition of anonymity, as the talks are still in private domain. Iveco said on Tuesday it was in "ongoing, advanced" talks with different parties for two separate transactions regarding its defence business and the rest of the company. Exclusivity Agreement 'The board of directors of the company is in the process of carefully reviewing and evaluating all aspects of these potential transactions,' the company said in a statement, without giving further details. People aware of the proposed M&A deal structure told ET that Tata Motors would buy 27.1% from Exor, the investment company of the Agnelli family, and launch a tender offer (similar to India's open offer mechanism) to buy out the other smaller shareholder groups. Exor also controls 43.1% of the voting rights of the truck maker. Iveco is demerging its defence business, which will not be a part of the Tata Motors transaction. The Tata Group is confident of buying 100% of the listed Iveco without the defence business. The Italian company had said in May that it would press ahead with plans to either spin off its defence business by the end of 2025 or sell it, having already received offers from potential buyers. Shares of Iveco surged as much as 7.4% intraday on Tuesday on expectations of a transaction. The stock has more than doubled this year, valuing the company at $6.15 billion. Past partnerships Exor and the board of Iveco are believed to be in favour of the sale to Tata as the Agnellis have been an old ally of the group and its former chairman Ratan Tata, a motorhead himself. Tata also had an old joint venture with Agnelli family flagship Fiat Motors in India. The Agnellis are also prominent stakeholders in Ferrari and also control Stellantis, the Dutch automotive group that has subsumed the Fiat brand. Morgan Stanley is advising Tata Motors, while Goldman Sachs is working with Agnellis and Iveco. Clifford Chance is the legal advisor. 'Discussions have been ongoing for the last one and a half months and have intensified in recent weeks,' said one of the sources cited above. 'Both sides entered into an exclusivity agreement for bilateral negotiations. The exclusivity is due to lapse on August 1.' Tata Motors plans to route this transaction through a Dutch entity, which will be fully owned by Tata Motors. Reuters was the first to report about Tata-Iveco talks for a possible deal on July 18.
Economic Times
an hour ago
- Economic Times
Palo Alto Networks in talks to buy CyberArk in deal worth over $20 billion: Report
Agencies Nikesh Arora, CEO, Palo Alto Networks Palo Alto Networks is in talks to acquire CyberArk Software in a deal that could value the Israeli cybersecurity firm at more than $20 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Shares in CyberArk rose about 13%, while Palo Alto Networks' stock fell roughly 2%. The Santa Clara, California-based company could finalise a deal for CyberArk as soon as later this week, the report said. CyberArk declined to comment on the report when contacted by Reuters. Palo Alto did not immediately respond. Cybersecurity deal activity has been robust in recent years as large corporations have increased spending on security tools. Google-parent Alphabet said in March it would buy Israeli cybersecurity startup Wiz for about $32 billion. Rising competition among all-in-one cybersecurity platforms has reshaped the industry, making several companies attractive takeover targets for larger rivals and private equity firms. As of Monday's close, CyberArk had a market capitalization of $19.3 billion, according to data compiled by LSEG.
Time of India
an hour ago
- Time of India
China eyes greater influence over Panama canal as BlackRock deal collapses
Hong Kong conglomerate CK Hutchison has announced it will seek to include a major Chinese investor in any future sale of its global port assets—including two critical container terminals bookending the Panama Canal—after exclusive negotiations on a $23 billion deal with a US-led consortium expired this weekend. The original agreement, valued at nearly $23 billion including $5 billion in debt, would have transferred control of 43 ports across 23 countries—including Panama Canal's Balboa and Cristobal terminals—to a consortium led by U.S. financial giant BlackRock and Italy's Mediterranean Shipping Company . The proposal was hailed by President Donald Trump as a means to reduce Chinese sway over the famed waterway, with Trump even floating the idea of the U.S. 'taking back' the canal. Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy Data Science Cybersecurity Healthcare Digital Marketing others Data Science Management Technology Project Management MBA PGDM Others Finance MCA Leadership Data Analytics Artificial Intelligence Product Management healthcare Degree CXO Operations Management Design Thinking Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details CK Hutchison, controlled by the family of Hong Kong billionaire Li Ka-shing, has managed the Balboa and Cristobal ports since 1997. These facilities are viewed as strategic chokepoints, handling a substantial portion of the 5% of all global maritime trade that transits the canal annually. Beijing pushes back, Chinese participation demanded The transaction ignited tensions in Beijing. Chinese authorities made clear that state-owned shipping behemoth Cosco should be offered a direct stake—not merely an indirect one via Hong Kong-based Hutchison. Beijing's anti-monopoly regulators subsequently signaled they might block the deal as originally structured, ramping up the pressure on CK Hutchison. Chinese state-backed media derided the initial U.S.-centric proposal as a 'betrayal' of Chinese interests. Facing both regulatory threats and strategic pressure, CK Hutchison's exclusive negotiation window with the BlackRock-led group expired this weekend. In a subsequent statement, CK Hutchison confirmed it would 'remain open to discussions with a view to inviting a major strategic investor from the [People's Republic of China] to join as a significant member of the consortium,' underscoring that deal structure changes were now essential for regulatory approval in 'all relevant jurisdictions'. US and Panama react Washington's unease about China 's expanding footprint in Latin American infrastructure is bipartisan. The failed deal is seen as a blow to efforts to curtail Chinese influence at critical maritime gateways. Live Events Panama, meanwhile, emphasizes it retains full sovereignty over the canal itself. Officials argue that operational control of adjacent port facilities does not equate to direct authority over canal operations. Still, legal and political challenges remain, with Panama's attorney general previously backing lawsuits that question the constitutionality of Hutchison's port concessions. Negotiations are now expected to focus on restructuring the consortium—potentially with direct Chinese state participation—raising the prospect of even greater Chinese influence over a waterway central to global commerce. The situation remains fluid, and U.S. policymakers are likely to scrutinize any restructuring that puts Chinese state entities closer to the Panama Canal.
