8 DECEMBER2024Ira Bindra has been appointed as the new Group President for People and Talent at Reliance. She is the first non-family woman and the youngest member of Reliance's all-powerful Executive Committee.Ira has earlier headed the Human Resources department at Medtronic in the USA. She brings to the table her expertise in leading global talent and HR strategies across various industries. In her new role she is expected to transform Reliance's HR policies, talent management, and leadership development.Ira's extensive work experience includes roles at Medtronic, General Electric (GE) and various other Fortune 100 companies.Ira holds an MBA from Maastricht School of Management in the Netherlands and also has a graduate degree from Lady Shri Ram College, Delhi.In her new role at Reliance, Ira's role will focus on facilitating cultural transformation within the organization. She will leverage her specialization in building people strategies for large global corporations.Ira's appointment also showcases the company's work in terms of strengthening diversity and inclusion at Reliance Industries. This appointment will mark a significant move towards supporting women's representation in key leadership roles at major companies and their leadership teams.In her new role, Ira will focus on expanding Reliance's operations and diversify its business interests across various sectors. IN FOCUSIRA BINDRA APPOINTED AS NEW GROUP PRESIDENT AT RELIANCEVIDYA NATARAJ CO-FOUNDED BLUESTONE JEWELLERY & LIFESTYLE FILES IPOBengaluru-based jewelry retailer BlueStone Jewellery and Lifestyle has filed for an Initial Public Offering (IPO) to raise Rs 1,000 crore ($118 million) through an offer-for-sale (OFS) component, with investors Accel India, Saama Capital, and Kalaari Capital aiming to divest around 24 million shares. The brand offers contemporary diamond, gold, platinum, and studded jewelry and filed its Draft Red Herring Prospectus (DRPH) with the Securities and Exchange Board of India (SEBI) for the IPO.Bluestone has raised Rs 750 crore in a fresh issue, with shares up to 70,73,980 being sold by Kalaari Capital, 41,00,970 by Saama Capital, and 40,00,000 by Sunil Kant Munjal and Hero Enterprise Partner Ventures.Bluestone, founded in 2011 by Vidya Nataraj and Gaurav Kushwaha designs in-house jewelry and covers 12,600 pincodes across India and the United States, Canada, the United Kingdom, and Australia with physical stores. It reported a 64 per cent increase in revenue to Rs 1,266 crore in the financial year ending March 2024, with a 15 per cent decrease in net loss to Rs 142 crore, raising $225 million over the years.As of June 2024, the company had 110 company-owned and 93 franchised stores, three manufacturing facilities, and a prototype facility. It had 104 public shareholders and was supported by various investors.
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