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Ola Hires Saikiran Krishnamurthy As Senior Vice President

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Ola Hires Saikiran Krishnamurthy,Ola Hires Senior Vice President,Ola Vice President,Ola Latest News,Ola CEO,Startup Stories,Latest Business News 2017,Flipkart executive Saikiran Krishnamurthy,Flipkart Ex-executive

Homegrown cab aggregator Ola has hired former Flipkart executive Saikiran Krishnamurthy as their new senior vice president to drive the company’s growth forward. Krishnamurthy was appointed as the chief operating officer of Flipkart in 2015 and later as the head of the ecommerce company’s supply chain vertical including eKart and Jeeves.

Krishnamurthy was one of the senior executives who stepped down after Kalyan Krishnamurthy took over as the chief executive officer of Flipkart. He worked as a director and operations head in the management consultancy firm McKinsey for 15 years before joining Flipkart. An IIM Ahmedabad graduate, Krishnamurthy was also responsible for McKinsey’s implementation program along with leading its chemicals and agriculture practice in India. At Ola, he will head the newly created marketplace and spearhead new growth initiatives, according to a news daily.

Ola also witnessed some top level changes in January this year when Pepsi India veteran Vishal Kaul joined the company as the chief operating officer. Sundeep Sahni, who handled new initiatives such as Ola Shuttle, Ola Auto, Ola e rikshaw and Ola Kali Peeli quit the company in December 2016. The head of the luxury cab services, Ola Lux, Abhimanyu Rawal also put down his papers around the same time to join a US retail firm. Harish Abhichandani, who quit the ecommerce firm, Flipkart, joined the cab hailing company as its chief financial officer recently.

Earlier this month Ola secured a loan of Rs. 1000 crores from India’s fifth largest private sector bank, Yes Bank, to expand its consumer vehicles fleet. The company also raised close to $ 36 million from the New York based hedge fund, Tekne Capital Management in August by allocating 1,71,173 fully and compulsorily convertible preference shares at Rs. 13,521 apiece. Neither the parent company ANI Technologies Pvt., Ltd., nor Ola have commented on the new recruitment.

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Apple to Shift Entire US iPhone Assembly to India by 2026

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Apple - StartupStories

Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


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In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

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