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Nissan gets Ashwani Gupta as chief operating officer

JAPANESE automaker Nissan on Tuesday (8) named India-born Ashwani Gupta, currently at Nissan partner Mitsubishi Motors, as Nissan’s chief operating officer.

The company also named Makoto Uchida as its new chief executive, elevating the insider heading its China unit as it overhauls its leadership after the Carlos Ghosn scandal.


The appointments, which take effect by January 1, come after months of turmoil for the automaker in the wake of the arrest of former chief Ghosn on allegations of financial misconduct.

Former CEO Hiroto Saikawa resigned last month after an inquiry revealed he was among Nissan executives who received excess pay by altering the terms of a share price bonus.

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Nykaa beauty demand

The retailer has expanded overseas operations to compete with global cosmetics giants.

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Nykaa profit jumps on strong beauty demand

Highlights

  • Quarterly profit surged to 344.4 m rupees from 100.4 m rupees year-on-year.
  • Revenue grew 25 per cent to 23.56 bn rupees on premium brand partnerships.
  • Company expands internationally with Kay Beauty launching in UK stores.
Indian beauty retailer Nykaa has posted a more than three-fold increase in quarterly profit, driven by steady demand for makeup and skincare products and strategic partnerships with global brands.

FSN E-Commerce Ventures, which operates the Nykaa platform, reported a profit of 344.4 million rupees (£3.9 m) for the quarter ended 30 September, up from 100.4 m rupees a year earlier.

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