PepsiCo CEO Indra Nooyi Steps Down & India Post Payments Bank Makes Long-Awaited Debut: 4 Things to Know Today
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1. Indra Nooyi is set to step down as Pepsico CEO after 12 years. She will be replaced by PepsiCo president Ramon Laguarta.
2. Amazon Pay hits data privacy concerns. After WhatsApp Payments, Amazon's UPI payment service is waiting for clearance from RBI on data storage.
3. PM Narendra Modi is launching the long-awaited India Post Payments Bank on August 21. The bank will reportedly have at least one branch in every district and will create India's largest banking network with a direct presence at the village level.
4. Every Indian OnePlus user can now rejoice. The Chinese maker has decided to shift its global services base to India. This will be the company's first R&D facility outside of China.
Here's the "news that entrepreneurs can use". Know what's trending in the Indian business world in 60 seconds.