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<keyword id="5067243" type="General" weightage="50" keywordseo="american-express-banking-corp" source="Orion">American Express Banking Corp</keyword> (AEBC) on Monday announced the appointment of <keyword id="221202" type="General" weightage="80" keywordseo="sanjay-khanna" source="Orion">Sanjay Khanna</keyword> as the Chief Executive Officer (CEO) and Country Manager of AEBC Corp <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword>. <keyword id="1983" type="General" weightage="80" keywordseo="khanna" source="Orion">Khanna</keyword> heads the country executive team and is responsible for driving growth across the organisation's consumer and commercial businesses. In his new role, Khanna will also spearhead several strategic and business development initiatives for the company while steering smooth collaboration across its diverse businesses in India. His position will be key to advancing and strengthening the company's strategic focus in India. Speaking on the appointment, Rob McClean, Executive Vice President, International Card Services, <keyword id="91294" type="General" weightage="80" keywordseo="american-express" source="Orion">American Express</keyword>, said, "I am pleased to welcome <keyword id="419" type="General" weightage="100" keywordseo="sanjay" source="Orion">Sanjay</keyword> to this new role. With over 30 years of experience in the industry, Sanjay has exceptional credentials of delivering strong results coupled with a natural knack for leading from the front. We are confident that his commitment to excel in everything he does, his strong values and work ethics will further the brand's leadership in the Indian market." SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/rupee-rises-28-paise-to-79-25-against-us-dollar-in-early-trade/articleshow/94168701.cms">Rupee rises 28 paise to 79.25 against US dollar in early trade</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/mukul-rohatgi-to-return-as-attorney-general/articleshow/94166087.cms">Mukul Rohatgi to return as Attorney General</a>

Sanjay Khanna appointed CEO of American Express India

Global payments company <keyword id="20063180" type="General" weightage="20" keywordseo="American-Express" source="keywords" meta.keywordsubtype="org" meta.entityname="American Express" meta.hostid="153" meta.entityid="American Express">American Express</keyword> on Wednesday announced it will open its nearly one-million square feet campus in Gurugram, Haryana. The company has additional facilities in Gurugram as well as in Delhi, Mumbai, Bengaluru, Chennai, and Pune. Its employees will begin moving to the new facility, located in sector 74A Gurugram, in phases, starting from the end of this month, the company said in a statement. The campus reflects American Express' dedication to fostering a dynamic work environment, it said. "American Express in India continues to develop in-country capabilities by leveraging our global expertise and local talent, fostering new opportunities and innovation for customers worldwide," said Sanjay Khanna, CEO and Country Manager, American Express, India. The new office building provides a modern, energy efficient workspace, Khanna added. "Our new India campus is the largest office we've built from the ground up globally, and the facility is a fitting reflection of the American Express brand and the kind of workplace where our colleagues can thrive," said <keyword id="19987986" type="General" weightage="20" keywordseo="gagandeep-singh" source="keywords">Gagandeep Singh</keyword>, Senior Vice President, Global Real Estate and Workplace Experience, American Express. American Express in India provides support for every division of the company, in addition to delivering innovative products and services to customers in India. SEE ALSO:<a href="https://www.businessinsider.in/sports/webstories/india-t20-world-cup-squad-kulcha-back-on-menu-kl-rahul-dropped/slidelist/109730805.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/india-t20-world-cup-squad-kulcha-back-on-menu-kl-rahul-dropped/slidelist/109730805.cms" target="_blank">India T20 World Cup squad: KulCha back on menu, KL Rahul dropped</a><a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-and-two-wheelers-launching-in-india-in-may-2024/slidelist/109723620.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-and-two-wheelers-launching-in-india-in-may-2024/slidelist/109723620.cms" target="_blank">Upcoming cars and two-wheelers launching in India in May 2024</a><a href="https://www.businessinsider.in/business/auto/news/mahindra-xuv-3xo-compact-suv-launched-in-india-starting-at-7-49-lakh/slidelist/109715525.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/mahindra-xuv-3xo-compact-suv-launched-in-india-starting-at-7-49-lakh/slidelist/109715525.cms" target="_blank">Mahindra XUV 3XO compact SUV launched in India starting at ₹7.49 lakh</a>

American Express to open one-million sq feet campus in Gurugram

<ul><li>The Indian alcoholic beverages market is projected to grow at 11% per annum in value terms for the period between 2021 to 2025. </li><li>The alcohol and <keyword id="1453601" type="General" weightage="20" keywordseo="beverage-industry" source="Orion">beverage industry</keyword> in India is projected to cross 1200 million cases in volume by 2025. </li><li>India’s alcoholic beverages industry is having to deal with several obstacles – from tourists triggering pandemic scares to varying excise duties across the country. </li><li>Consumers are also switching from beer to whisky, rum, brandy and scotch on budgetary and health concerns. </li></ul>A growing spurt in post-pandemic social gatherings and socialising is seeing an uptick in food and beverages consumption, boosting <keyword id="13627872" type="General" weightage="20" keywordseo="Alcohol-sales-in-India" source="Orion">alcohol sales in India</keyword>. Consumers are also switching from beer to brown liquor like whisky, rum, brandy and scotch on budgetary and health concerns, industry experts say. “There has been a revenge buying going on in the market in the past 6 months. Many have shifted from beer to higher alcohol content products. Beer is comparatively more expensive as people tend to buy more of it due to less alcohol content,” said Ishwaraj Bhatia, COO of craft beer company <keyword id="138117" type="General" weightage="50" keywordseo="simba" source="Orion">Simba</keyword>, which witnessed a 35% growth post-pandemic. Indians have been getting out in droves to socialise in restaurants, clubs, pubs and bars – making up for all the lost social interactions after the Covid-19 pandemic’s forced isolation. Bangalore-based Ironhill, which claims to be the world’s largest microbrewery, clocked an overall sales in excess of ₹150 crore in 2022 alone. “The post pandemic era has been promising to us in many ways. Our sales have improved by steady dine-in footfalls across all our outlets. The consumption has been the highest in Bengaluru by a huge margin, followed by Vijayawada in Andhra Pradesh and outlets in Telangana and Andhra Pradesh,” said <keyword id="12042815" type="General" weightage="50" keywordseo="teja-chekuri" source="Orion">Teja Chekuri</keyword>, Managing Partner of Ironhill India. Dine-in business of quick service restaurants or QSRs saw a strong growth in Q1FY2023 according to a <keyword id="87153" type="General" weightage="50" keywordseo="bnp-paribas" source="Orion">BNP Paribas</keyword> sector report. That bodes well for <keyword id="25441" type="General" weightage="20" keywordseo="Alcohol-consumption" source="Orion">alcohol consumption</keyword> too. According to a Mirae Asset QSR report 2022, pubs, clubs and bars comprise 27% of the sales share. Pubs and bars are expected to grow at a CAGR of 14.8% and 9.5% in FY25, Paribas said. Indian alcohol beverage market is the third largest market in the world after China and USA by volume. This market is projected to grow at 11% per annum in value terms in 2021-2025, while by volume it is projected to cross 1200 million cases by<a href="https://www.bseindia.com/corporates/download/380455/Sula%20Vineyards%20Limited%20-%20DRHP_20220719121719.pdf"> 2025</a>. Changing excise policies a challenge Even as the alcoholic beverages industry in India slowly gets back on the road to recovery, it is having to deal with several obstacles – from tourists triggering pandemic scares to varying excise duties across the country. Delhi, a major market for alcoholic beverages, recently changed its excise policy. From September 1, Delhi and Ghaziabad went back to their old excise policies, leaving private players in the lurch. Private players were offering one plus one free alcohol to sell the remaining stock before the old excise policy came back. “The old excise policy favoured the private players more than the government vendors. Label and registration fees have gone up 100 fold and marketing is restricted. For registering a label in Delhi, we have to pay ₹15 lakh per year. For us, Delhi has been very expensive from the beginning, “ said Simba’s Bhatia. The entrepreneurs in the industry say Tier 1 cities were facing hiccups getting back on track due to the high inflow of travellers post pandemic leading to Covid cases. The tier 2 and tier 3 cities were quicker to adapt. “It is more difficult to sell alcohol in India rather than abroad because every state is a different country with its own excise rules. We have a separate team just to monitor the rapid changes in excise rules across states in India. The southern region of India is especially difficult to tap into as it forms 40% of the beer sales,” said Bhatia. Despite these issues, the Indian alcoholic beverage industry is expecting to grow robustly in the next few years and are looking to expand. UK-based research agency <keyword id="14971974" type="General" weightage="50" keywordseo="iwsr-drinks" source="Orion">IWSR Drinks</keyword> market analysis says Indian spirits segments will grow 4.4% in the next five years while beer will grow 9.3%. “We have been pushing our franchise model quite aggressively and have already begun talks for outlets in Maharashtra, Delhi, Punjab, Rajasthan among other states. We plan to have at least 30 outlets across India in the next few years,” said Ironhill India’s Chekuri. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/sanjay-khanna-appointed-ceo-of-american-express-india/articleshow/94169933.cms">Sanjay Khanna appointed CEO of American Express India</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/a-fire-at-an-ev-showroom-has-killed-8-several-injured-while-trying-to-escape/articleshow/94167880.cms">A fire at an EV showroom has killed 8, several injured while trying to escape</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech-buying-guides/amazon-great-indian-festival-sale-kickstarter-deals-revealed/articleshow/94157835.cms">Amazon Great Indian Festival Sale: Kickstarter deals revealed</a>

Spurt in social gatherings post-Covid is boosting alcohol sales in India

<div class="KonaFilter image-container display-table float_right"><div><div class="image"></div></div></div>Canadian law enforcement officials are stumped by a case involving a teenager killed after trying to reclaim his lost cellphone.Jeremy Cook, 18, apparently <a href="http://www.cbc.ca/news/canada/toronto/shooting-over-cellphone-case-is-extreme-say-police-1.3115069">left the smartphone in a cab over the weekend, police officials tell CBC News</a>.Police constable Ken Steeves of London, Ontario, told CBC News that Cook used a mobile app to trace the device to an address where he and a relative who accompanied him were "confronted by three men in a car."The exchange escalated, and the car began to drive off, but the police say Cook grabbed on to the driver's door. He was shot multiple times and later died from his wounds.The car and the phone were recovered, and investigators are now examining surveillance footage to try to piece together what happened.Cook's death has prompted law enforcement to urge the public to think twice about using mobile apps to track lost devices - more specifically, using them to retrieve the lost items on their own."The app itself is a great tool to have ... but if you suspect there's any potential for violence at all, we certainly encourage people to contact police," Steeves told CBC News.Sanjay Khanna, a mobile phones analyst at IDC Canada, had a suggestion for why someone would go to such lengths to retrieve a phone."Our attachment to our data is so strong," Khanna told CBC News, "that it might prompt people to not be as cautious as authorities might wish us to be."

A teenager was killed after using an app to find his lost cellphone

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div></div></div>Canadian <keyword id="6355470" type="CITY" weightage="100" keywordseo="Law">law</keyword> enforcement are stumped by a case involving a teenager killed for trying to reclaim his lost cell phone.18-year-old Jeremy Cook apparently <a href="http://www.cbc.ca/news/canada/toronto/shooting-over-cellphone-case-is-extreme-say-police-1.3115069">left the smartphone in a cab over the weekend, police tell CBC News</a>.London Police Constable Ken Steeves told the publication Cook used a mobile tracking app to trace the device to an address where he and a relative who accompanied him were "confronted by three men in a car."The exchange escalated and the car began to drive off, but police say Cook grabbed on to the driver's door. He was shot multiple times, and later died from his wounds.The car and the phone were recovered, and investigators are now examining surveillance footage to try to piece together what happened.Cook's death has prompted law enforcement to urge the public to think twice about using mobile apps to track lost devices - more specifically, using them to retrieve the lost items on their own."The app itself is a great tool to have ... but if you suspect there's any potential for violence at all, we certainly encourage people to contact police," Steeves told CBC News.Investigators on the case are left to ponder why someone would go to such lengths to retrieve a phone. IDC Canada's mobile phones analyst Sanjay Khanna had a suggestion."Our attachment to our data is so strong that it might prompt people to not be as cautious as authorities might wish us to be," Khanna told CBC News. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/roar-filmed-with-100-untamed-lions-movie-injured-2015-4">70 people were injured while filming this movie with 100 untamed lions</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="Nzc3hmdDr4a5heo3T-j-WFkV1wYM_fEN" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

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Sanjay Khanna appointed CEO of American Express India

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American Express to open one-million sq feet campus in Gurugram

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Spurt in social gatherings post-Covid is boosting alcohol sales in India

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A teenager was killed after using an app to find his lost cellphone

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A teenager was killed after using an app to find his lost cell phone

Bryan Logan

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