Deepinder Goyal to step down as Eternal Group CEO & MD
New Delhi (PTI): Eternal on Wednesday said Deepinder Goyal will step down as Group CEO and Managing Director with Blinkit CEO Albinder Dhindsa set to succeed him as Group CEO from February 1.
In a letter to shareholders, Goyal said he is stepping down from his current position to pursue new ideas and transition to the role of Vice Chairman.
Eternal informed exchanges that the appointment of Goyal as Vice Chairman & Director on the board will be effective upon shareholders' approval for a five-year term.
In the letter, Goyal explained the reason behind him stepping down as the Group CEO and MD.
"Of late, I have found myself drawn to a set of new ideas that involve significantly higher-risk exploration and experimentation. These are the kinds of ideas that are better pursued outside a public company like Eternal. If these ideas belonged inside Eternal's strategic scope, I would have pursued them within the company. They do not. Eternal deserves to remain focused, and disciplined, while exploring new areas of growth that are relevant to its current line of business," Goyal stated.
He further said the transition allows Eternal to remain sharply focused, while giving him the space to explore ideas that do not fit Eternal's risk profile.
"The centre of gravity for operating decisions moves to Albi. As Group CEO, he will own day-to-day execution, operating priorities, and business decisions. Blinkit's journey from acquisition to break-even happened under his leadership," Goyal said.
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Guv asks Karnataka govt to relook grading system for third language in SSLC
Bengaluru (PTI): The Karnataka Governor has called for a comprehensive examination of concerns over the state government’s decision to award only grades, without marks, for the third language in the SSLC examination, following a representation highlighting its potential impact on academic engagement and linguistic diversity.
In a communication to state Chief Secretary Shalini Rajneesh, Secretary to Governor R Prabhu Shankar forwarded a representation submitted by the Association for Preservation of Local Languages, Bengaluru, which raised apprehensions about the policy’s implications for students, teachers and the broader education system.
“I am directed to forward herewith a copy of a representation submitted by the Association for Preservation of Local Languages, Bengaluru, which has been addressed to the Governor of Karnataka, concerning the recent decision to award only grades, without including marks, for the third language in the SSLC examination,” the letter stated.
The representation underscored the importance of the third language in promoting linguistic diversity, awareness and intellectual development among students, while cautioning that a shift to a grading-only system may inadvertently diminish the academic importance of the subject and affect students’ motivation to engage seriously with it.
It further reflected concerns among teachers, parents and educationists regarding the long-term implications of the move on the quality and inclusiveness of school education in the state.
“The Governor has taken note of the issues raised in the representation and desired that the matter be examined comprehensively, keeping in view its academic and administrative aspects across the education sector,” the communication said.
The Chief Secretary has been requested to examine the matter in consultation with the Department of School Education and other concerned authorities and “take such action as deemed appropriate in the larger interest of students and the State’s educational objectives,” it added.
