Latest news with #PanosMytaros
Time of India
10 hours ago
- Business
- Time of India
Stocks in news: ZEE, Asian Paints, NTPC, Tanla Platforms, Hyundai Motor
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Despite ongoing geopolitical tensions between Israel and Iran, the market moved higher on Monday, supported by gains in large-cap stocks, as investors maintained their focus on long-term fundamentals in the time of volatile situations. In today's trade, shares of ZEE, Asian Paints Hyundai Motor among others will be in focus due to various news Board of Directors of Zee Entertainment Enterprises (ZEE) has approved the issuance of up to 16.95 crore fully convertible warrants to promoter group entities on a preferential basis at Rs 132 per warrant, raising a total of Rs 2,237.44 Bata Group announced the appointment of Panos Mytaros as its new global chief executive officer, succeeding Sandeep Kataria, who has led the group since Reserve Bank approved the extension of the term of Sandeep Batra as executive director (ED) of ICICI Bank for two Ambani-led Reliance Industries (RIL) sold 85 lakh shares in India's largest paint company Asian Paints via a block deal which was worth Rs 1,876 BLW Precision Chairman Sunjay Kapur passes away. The Board will meet in due course to elect a new chairman of the Steel and Power board approved the change in company's name from 'Jindal Steel and Power' to 'Jindal Steel'Biocon launched its qualified institutional placement (QIP) issue to raise Rs 4,500 crore, with the floor price set at Rs 340.20 per share, as per the pricing formula under Sebi Airways in view of the ongoing liquidation proceedings said financial statements for FY24 and FY25 are yet to be Platforms board approved buyback of 20 lakh shares (1.49% equity) worth Rs 175 crore at Rs 875 per share via tender offer Developers rebranded itself as Lodha Developers effective June 16 after Ministry of Corporate Affairs (MCA) will consider fund raising up to Rs 18,000 crore via bonds on June 21 Hyundai Motor India started the production of passenger vehicles engines at Maharashtra's Talegaon Plant from June 16
Time of India
19 hours ago
- Business
- Time of India
Bata appoints Panos Mytaros as its new global chief executive officer, succeeding Sandeep Kataria
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Bata Group on Monday announced the appointment of Panos Mytaros as its new global chief executive officer, succeeding Sandeep Kataria , who has led the group since ET's newsbreak of 16th June edition, Bata said the new CEO change will be effective 15th September 2025. Under Kataria's leadership, Bata accelerated its digital agenda, streamlined operations, expanded into new markets, modernized business practices, and laid the foundations for future growth. He helmed Bata through a significant period of transformation, navigating the challenges of a global pandemic and a fast-evolving retail landscape, it said.'Panos is a proven leader with deep industry knowledge and a passion for footwear craftsmanship,' said Graham Allan, Chairman of the Bata Group. 'His track record in brand building and developing compelling footwear collections, as well as in leading complex international organizations, made him the ideal candidate to guide Bata through our next phase of growth.'Mytaros held several senior positions including, most recently, chief executive officer from 2021 to 2024. Kataria, 55, is exiting Bata after an eight-year tenure – three years as Bata India head before taking the top global role in 2020, first Indian to head the Switzerland-based footwear major. Details on his next move have not been announced an engineer from IIT-Delhi and postgraduate from XLRI, worked with Unilever, Yum! Foods and Vodafone before joining Bata in 2017. Under his charge at Bata, the Indian business grew at a compounded annual growth rate (CAGR) of 20%, from Rs 1,707 crore in FY21 to Rs 3,554 crore in is India's biggest footwear firm by revenues as well as volumes, with annual turnover of Rs 3,554 crore, selling about 50 million pairs every year through more than 1,960 stores. The country is also expected to be Bata's second largest sourcing and design hub after India, with four factories, is the largest shoe-producer in Asia. Founded in 1894 in what is now the Czech Republic, Bata is a family-owned business selling 150 million pairs of shoes of about 20 brands and labels including Bata, North Star and a population of 1.4 billion, India is among the fastest growing and largest international markets for footwear companies. In recent years, though, sports shoes companies have been growing faster than formal shoes – where Bata traditionally had a strong foothold with lower pricing – due to increased casualisation at workplaces. Bata India's sales growth was flat during FY25.
