Thomas John Muthoot elected CII South Chairman, Ravichandran Purushothaman as VC
The Hindu
Ravichandran Purushothaman elected Vice Chairman of CII, leading Danfoss India in energy-efficient technologies and sustainability solutions.
The Chairman of Kerala-based diversified conglomerate Muthoot Pappachan Group, Thomas John Muthoot, has been elected as the Chairman of Confederation of the Indian Industry (CII), Southern Region for the year 2025-26.
The President of Danfoss India Region, Ravichandran Purushothaman, has been elected Vice Chairman, CII said.
Danfoss India, a subsidiary of Denmark-based Danfoss, is a leader in heating, ventilation, air-conditioning and compressors.
Mr. Muthoot heads the Muthoot Pappachan Group, which has a presence in various sectors, including financial services, hospitality, real estate, automotive and power generation, the CII said in a release on Saturday (March 29, 2025).
He is also the Chairman and Managing Director of Muthoot Fincorp, which has a wide network of 3,800 branches, serving over 1.25 lakh customers. Muthoot has been instrumental in driving digital transformation within the group, integrating financial technology solutions, among others.
Meanwhile, CII Southern Region Vice-Chairman Ravichandran Purushothaman is a seasoned industry leader and a key member of Danfoss's global management team. Under his leadership, Danfoss India has strengthened its position as a hub for energy-efficient technologies and sustainability solutions.
He has played a key role in advancing industrial decarbonisation, energy efficiency and climate-friendly innovations. He had worked with the Confederation of Indian Industry across multiple initiatives, including energy efficiency, food and agriculture and water management.
RBI plans ₹1 lakh crore OMO in December to boost liquidity amid upcoming tax payments, ensuring stability in the banking system.
IndiGo faces ongoing flight delays and cancellations due to technology issues, weather, and new crew rostering rules.
Stock markets experience volatility as investors await RBI's monetary policy amid foreign fund outflows and mixed global trends.
ED attaches assets worth ₹1,120 crore in Anil Ambani's Reliance Group case, totaling ₹10,000 crore amid money laundering probe.
Rupee rises 20 paise to 89.69 against the dollar as investors await RBI's monetary policy decision amidst market pressures.
Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.
Commerce Minister Piyush Goyal urges Indian businesses to seize opportunities in Russia's market, addressing talent shortages and trade demands.
Premiumisation is driving the growth in beauty and personal care industry in India and this segment is growing faster than the products made for the masses, industry executives said at Cosmoprof India 2025, a beauty & personal care industry event currently underway in Mumbai.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.
India aims to expand its tea exports to China, highlighting diverse varieties like Darjeeling and Masala at a recent buyer-seller meet.
Stock markets rebound after four days of decline as Sensex rises 158 points, driven by tech and IT shares.
India reduces Russian oil imports by 38% in October 2025, marking the sharpest decline in value and volume yet.