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Messi Is Their Man
Football superstar Lionel Messi will soon be seen steering Tata cars with much aplomb. Yes, that’s right. In a major marketing initiative, auto major Tata Motors signed up the Argentinian captain as global brand ambassador for its passenger vehicles portfolio
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Football superstar Lionel Messi will soon be seen steering Tata cars with much aplomb. Yes, that’s right. In a major marketing initiative, auto major Tata Motors signed up the Argentinian captain as global brand ambassador for its passenger vehicles portfolio. The two-year contract will see the four-time winner of the best football player of the world award promoting and endorsing Tata cars globally. The campaign, which will include video spots, has the hashtag “#madeofgreat”.
Volkswagen former CEO, Martin Winterkorn, stepped down as chairman of Audi amid an investigation of two emissions scandals that occurred during his reign at Europe’s largest carmaker. The resignation came a month after he quit as CEO of the family-owned Porsche SE, VW’s majority stakeholder. The 68-year-old was forced to resign as VW group CEO by the carmaker’s influential labor leaders and the state of Lower Saxony, days after the company’s rigging of diesel emissions data became public in the US.
Help At Hand
Popularly known as the ‘Snowden of tax evasion’, Herve Falciani, who blew the lid off the HSBC tax evasion scandal, offered to help India in combating the menace of black money. The former HSBC banker said he can help investigators in their black money probe, if the government provides him protection. “I have information regarding Indians stashing money abroad but for that I need the cooperation of the Indian government towards safety of whistleblower.”
Not Giving Up
Qatar Airways CEO Akbar Al Baker is disappointed with local regulations that barred it from taking part in IndiGo’s initial public offering, but not dissuaded. Although it’s “crazy” that Qatar Airways will have to pay more for the same stock after the IPO, the Gulf carrier is still keen on taking a stake in IndiGo. Baker said, “The second-biggest Gulf carrier could seek a maximum 49 per cent of IndiGo — valued at $2 billion based on the IPO price.”
Remembering The Hero
Brijmohan Lall Munjal, founder and chairman of Hero MotoCorp and a doyen of the Indian two-wheeler industry, died in a Delhi hospital on 1 November, after a brief illness. He was 92. Considered a visionary of the Indian two-wheeler industry, Munjal started out with a bicycle business in the 1940s that he later turned into one of the largest business groups in the country. His nearly 35 per cent stake in Hero earned him a spot among India’s richest.
In Twitter World
Twitter just got another high-profile user — PepsiCo CEO Indra Nooyi. The chairperson and CEO of the US-based soft drinks giant made her debut on the microblogging site on 4 November. It was somewhat surprising that 12 days later, Chennai-born Nooyi had only 1,903 followers. In her first tweet @IndraNooyi said, “Venturing into world of tweets!!”
Among Top Leaders
Indian-origin chief of Microsoft Satya Nadella will co-chair the World Economic Forum (WEF) annual meet in January, an event that is likely to be attended by over 100 business leaders including billionaire brothers Mukesh and Anil Ambani. More than 2,500 leaders from across the world, including from business, government and international organisations would be coming together for the WEF meeting to be held in Davos, from 20-23 January in 2016.
The Final Fall
In a tragic incident, Angad Paul, the youngest son of NRI industrialist Swraj Paul, died after falling from his penthouse in central London. The 45-year-old was the CEO of the diversified Caparo group founded in 1968 by his father. His death comes at a time when Caparo Industries, which has been hit by a collapse in steel prices, is going through a crisis.
(This story was published in BW | Businessworld Issue Dated 30-11-2015)