Allcargo Group has appointed Punit Misra as President, Chairman Office & Chief Business Officer. With around three decades of experience across media, entertainment, and FMCG, Misra will partner closely with Founder and Chairman Shashi Kiran Shetty to strengthen institution-building and push long-term business sustainability.
The Public Enterprises Selection Board has recommended Ajit Kumar Panda for the role of Chairman and Managing Director at CONCOR. The selection meeting was held on Saturday. Panda, an IRSME officer with mechanical engineering expertise, has previously worked with RVNL and the Railway Board and has been recognized with national awards for his service.
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HDFC Life’s board has approved Vibha Padalkar’s reappointment as Managing Director and CEO, starting September 12, 2026, for a five-year term. Shareholder and regulatory approvals are still awaited. The company says the move supports leadership continuity, and Padalkar has not been debarred by regulators.
The Appointments Committee of the Cabinet has asked the Department of Financial Services to amend the Nationalized Banks schemes and set up FSIB as a single entity. After Finance Minister approval, a government resolution will be issued to centralize recommendations for appointing whole time directors and non-executive chairpersons across banks and financial institutions.
Allcargo Global Limited has appointed Vaishnav Shetty as Deputy Managing Director and inducted him as a member of its Board of Directors. The development signals a leadership reshuffle within the company as it looks to strengthen decision-making and execution. The appointment comes as the firm continues navigating its business priorities and growth plans.
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