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SEBI slaps Kishore and Rakesh Biyani with ₹50 lakh fine over Future Retail disclosure lapses

SEBI slaps Kishore and Rakesh Biyani with ₹50 lakh fine over Future Retail disclosure lapses

SEBI fined Kishore Biyani, Rakesh Biyani and former CFO C P Toshniwal a total of ₹50 lakh for breaching disclosure norms and related party transaction rules in the Future Retail case. The regulator said relationships and transactions were not properly disclosed and some deals had not received mandatory approvals. The wider probe also examined allegations of account manipulation and fund siphoning.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Redwood Materials hires former Tesla finance chief and dodges IPO talk

Redwood Materials hires former Tesla finance chief and dodges IPO talk

Battery-recycling and energy-storage startup Redwood Materials is moving closer to its next phase by hiring Deepak Ahuja, the former Tesla finance chief. The appointment reunites him with ex-Tesla CTO JB Straubel. Despite the leadership shakeup, Ahuja indicates it’s “too early” to discuss an IPO, signaling a focus on execution before any public-market plans.

Summarised by Beize from a story on TechCrunch on 12 May 2026

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IndusInd ex CFO sues for Rs 70 crore claiming wrongful termination and reputational damage

IndusInd ex CFO sues for Rs 70 crore claiming wrongful termination and reputational damage

Former IndusInd Bank CFO Gobind Jain has filed a ₹70-crore lawsuit in the Bombay High Court, alleging wrongful termination. He is seeking ₹20 crore for lost earnings and ₹50 crore for reputational damage and mental trauma. The suit claims Jain repeatedly tried to resign and demanded an external audit into alleged accounting lapses.

Summarised by Beize from a story on The Economic Times on 5 May 2026
AHH appoints Venkatesh Tarakkad CFO as Ritesh Pandey shifts to chief business officer role

AHH appoints Venkatesh Tarakkad CFO as Ritesh Pandey shifts to chief business officer role

Asia Healthcare Holdings has named Venkatesh Tarakkad as its new CFO and Head of Business Development, bringing more than three decades of finance and M&A experience after a previous CFO role at UpGrad. The company also elevated Ritesh Pandey to Chief Business Officer to drive fresh initiatives, as AHH expands its specialty healthcare brands across India.

Summarised by Beize from a story on The Economic Times on 28 Apr 2026
Tata Elxsi CFO Gaurav Bajaj to step down May 29 2026 Nalin Rana named successor

Tata Elxsi CFO Gaurav Bajaj to step down May 29 2026 Nalin Rana named successor

Tata Elxsi has announced that CFO Gaurav Bajaj will resign on May 29, 2026, with Nalin Rana stepping in as the new Chief Financial Officer from May 30, 2026. Rana is expected to bring finance and strategy expertise from prior roles within the Tata Group and investment banking. The company says the change follows regulatory requirements.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026
Ex Infosys CFO V Balakrishnan becomes patron of NBFC P2P platforms association

Ex Infosys CFO V Balakrishnan becomes patron of NBFC P2P platforms association

Former Infosys CFO V Balakrishnan has joined the Association of NBFC P2P Platforms as a patron member. The new grouping brings together P2P lending industry players aiming to represent India’s NBFC-P2P sector at key forums and influence policy and industry discussions.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Sebi WTM Mohanty says CFOs should catch fraud early, not after the damage is done

Sebi WTM Mohanty says CFOs should catch fraud early, not after the damage is done

Sebi’s WTM Mohanty said many frauds could have been prevented if CFOs acted as the first line of control over management activities. Speaking at a CFO summit organised by FICCI, he argued that stronger oversight and earlier checks could have reduced wrongdoing, implying that accountability within firms should begin at the finance chief level.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
M2P Fintech names Vivek Seshadri CFO as IPO plans move into gear

M2P Fintech names Vivek Seshadri CFO as IPO plans move into gear

M2P Fintech has appointed Vivek Seshadri as its group chief financial officer, aiming to tighten capital discipline and strengthen internal systems ahead of a potential IPO in India. With over 15 years of experience from investment banking and investor relations, Seshadri’s role is positioned as groundwork for a future public listing.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Expedia hires former Snap exec Derek Andersen as CFO to brace for AI-driven travel shifts

Expedia hires former Snap exec Derek Andersen as CFO to brace for AI-driven travel shifts

Expedia Group has named Derek Andersen, previously a finance leader at Snap, as its new CFO. He starts on May 11 and will report to CEO Ariane Gorin. The move comes as online travel faces potential AI disruption, while outgoing CFO Scott Schenkel leaves after roughly 16 months in the role.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Drishti Group names Vipan Joshi new CFO after 23 years in finance leadership

Drishti Group names Vipan Joshi new CFO after 23 years in finance leadership

Drishti Group has appointed Vipan Joshi as its new Chief Financial Officer. The seasoned finance leader brings more than 23 years of experience across multiple sectors, including education. In his role, Joshi will oversee financial strategy, strengthen risk management, and ensure compliance as the company looks to support growth with tighter controls and planning.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Cashfree appoints Visa finance veteran Sameer Gandhi as CFO to speed profitability push

Cashfree appoints Visa finance veteran Sameer Gandhi as CFO to speed profitability push

Bengaluru payments firm Cashfree has named Sameer Gandhi as its new Chief Financial Officer. Gandhi previously headed finance at Visa India, and will now steer Cashfree’s financial strategy and commercial operations. The appointment is aimed at supporting the company’s plan for faster growth and improved profitability in the coming quarters, even as it processes over $80 billion in annual transactions.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Why Indian CFOs are quitting before two years and what companies are missing to retain them

Why Indian CFOs are quitting before two years and what companies are missing to retain them

Indian firms are seeing CFO churn, with many executives leaving well before their two-year mark. Misaligned roles and unclear responsibility boundaries are a key driver, alongside career grabs and delays tied to IPO timelines. Turnover is higher in fast-moving consumer sectors, while internal succession planning, strong onboarding, and decision autonomy help retain leaders.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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