WhatsApp's Chief Business Officer Neeraj Arora quits
New York, Nov 27 : Neeraj Arora, WhatsApp's chief business officer, said he is leaving the popular messaging service, joining a stream of top executives who have departed Facebook and its group companies in the past year.
Arora, an IIT- Delhi alumnus and the number four in the company, was being touted to take over as WhatsApp CEO earlier this year however the role of global head of the company was given to Chris Daniels.
Arora had been with WhatsApp since 2011 and through Facebook's USD 19 billion acquisition of the messaging company in 2014. His exit comes seven months after WhatsApp co-founder Jan Koum left the company.
"It is hard to believe that it has been seven years since Jan (Koum) and Brian (Acton) got me onboard at WhatsApp, and it has been one hell of a ride! It is time to move on, but I cannot be more proud of how WhatsApp continues to touch people in so many different ways every day," Arora said in a Facebook post on Monday.
"I am confident that WhatsApp will continue to be the simple, secure and trusted communication product for years to come," he wrote.
Arora's departure comes at a challenging time for WhatsApp, which has been dealing with the growing international problem of users spreading misinformation to large groups of people on the. This year WhatsApp deployed campaigns in top markets like India and Brazil to educate users and help them avoid sending around false information, CNBC said.
In addition to the recent departure of top WhatsApp executives, Facebook has also lost Instagram co-founders Kevin Systrom and Mike Krieger and Oculus co-founder Brendan Iribe in recent months. Alex Stamos, who was Facebook's chief security officer, left in August.
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Rupee surges 50 paise to 92.56 against USD in early trade after US, Iran agree to 2-week ceasefire
Mumbai (PTI): The rupee appreciated 50 paise to 92.56 against the US dollar in early trade on Wednesday after US President Donald Trump announced suspension of military strikes against Iran for two weeks.
Forex traders said the two-week ceasefire announcement triggered a wave of outsized bargain buying amongst the risk assets as Asian Stocks, Dow futures, Gold and Silver all rallied while Brent Oil fell below USD 100 to USD 96 per barrel.
The rupee in accordance surged to 92.56 levels, with the RBI deadline still in place till the 10th of April (regarding squaring of positions taken overnight up to USD 100 million) while the RBI announces its monetary policy today at 10 am.
At the interbank foreign exchange market, the rupee opened at 92.92 against the US dollar, then gained ground to touch 92.56 against the US dollar in initial trade, registering a gain of 50 paise over its previous close.
On Tuesday, the rupee had settled at 93.06 against the American currency.
Attention now shifts to the RBI’s first Monetary Policy Committee (MPC) meeting of FY 2026–27. The key focus areas will be: RBI's outlook on inflation and growth, its assessment of global uncertainties and any indication of focus on currency stability.
"The tone of the policy will be closely tracked, especially given the rapidly changing global environment," CR Forex Advisors MD Amit Pabari said.
The decision of the six-member Monetary Policy Committee (MPC), headed by Reserve Bank Governor Sanjay Malhotra, will be announced at 10 am.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.90 per cent at 98.96.
Brent crude, the global oil benchmark, was trading lower by 12.68 per cent at USD 95.42 per barrel in futures trade, after the announcement of the ceasefire.
President Trump announced a two-week suspension of military strikes against Iran just hours before his 8 pm ET deadline.
Iran agreed to allow safe navigation through the Strait of Hormuz during the ceasefire, triggering sweeping market moves across oil, equities and currencies.
The rupee is likely to remain range-bound with a bit of volatile moves between 92.50 to 93.50 as the markets await the RBI's monetary policy.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 2527.47 points or 3.39 per cent higher at 77,144.05, while the Nifty jumped 767.25 points or 3.32 per cent to 23,890.90 in initial trade.
Foreign Institutional Investors offloaded equities worth Rs 8,692.11 crore on Tuesday, according to exchange data.
