
Who's Chanel's Indian-origin CEO honoured with UK's CBE title
"Honour is a word that can sometimes feel overused, but today it carries profound meaning for me as I received a CBE," she said in her statement."I am deeply grateful for the unconditional support of my family and for the wisdom and generosity of all the people at Unilever and Chanel. I share this honour with all these wonderful people who have accompanied my career journey and shaped my values," the Chanel Global CEO added."I am especially thankful to my amazing team at Chanel, to whom I dedicate this award. This inspires me to continue to lead Chanel with audacity and integrity and to strive to have a positive impact in the world," she concluded.advertisementShe was presented with the honour at a ceremony held at Windsor Castle.Nair wore a violet Chanel haute couture tweed coat dress, complemented by sandals from couture shoemaker Maison Massaro, and a violet felt hat crafted by Maison Michel, both companies that are owned by the French luxury brand Chanel.FROM KOLHAPUR TO LEADING CHANELBorn in Maharashtra's Kolhapur, Nair climbed from modest beginnings to lead the prestigious French luxury brand.Under her leadership, the 115-year-old family-controlled brand has bucked the luxury slowdown affecting its rivals by delivering a 16% increase in revenues in 2023, worth $20 billion.The Chanel global CEO also featured on Fortune India's Most Powerful Women list for 2025.Previously, she was the youngest Chief Human Resources Officer at Unilever.Leena Nair has served as Global CEO of Chanel since January 2022. During her tenure, the brand has boosted its support for Fondation CHANEL, one of the world's largest corporate foundations, benefiting 9 million women and girls globally.The British-Indian businesswoman is an alumnus of Xavier School of Management (XLRI), Jamshedpur.
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'Double standards': India rejects Nato chief's Russian oil remarks, says 'energy needs an overriding priority'
India has rejected Nato chief Mark Rutte's warning about buying Russian oil and has flagged double standards of the West. For context, European nations that largely make up Nato have paid more money to Russia for energy imports than they have given to Ukraine in aid. read more India has rejected Nato chief Mark Rutte's warning about buying Russian oil and has flagged the double standards of the international community. Earlier this week, Rutte referred to secondary tariffs that US lawmakers have been pushing for countries buying Russian oil and gas and urged countries like India to either convince Russia to stop attacks on Ukraine or be ready to be hit "very hard". Ministry of External Affairs (MEA) Spokesperson Randhir Jaiswal on Thursday said that India will continue to secure energy requirement of its irrespective of whatever anyone might say. He further flagged the double standards of the West in their narrative of the Indian purchase of Russian oil. STORY CONTINUES BELOW THIS AD 'Let me reiterate that securing energy needs of our people is understandably an overriding priority for us. In this endeavor, we ae guided by what is on offer in the markets, and by the prevailing global circumstances. We would particularly caution against any double standards on the matter,' said Jaiswal. For context, European nations that largely make up the North Atlantic Treaty Organization (Nato) have paid more money to Russia for energy imports than they have given to Ukraine in aid since the beginning of the Russia-Ukraine war in 2022. #WATCH | Delhi | On Nato chief Mark Rutte's comment that countries buying Russian oil could face secondary sanctions, MEA spokesperson Randhir Jaiswal says, "We have seen reports on the subject and are closely following the developments. Let me reiterate that securing the energy… — ANI (@ANI) July 17, 2025 Earlier this week, Rutte singled out India and said the failure to stop buying Russian oil could hit it 'in a massive way'. 'My encouragement to these three countries, particularly is, if you live now in Beijing, or in Delhi, or you are the president of Brazil, you might want to take a look into this, because this might hit you very hard. So please make the phone call to Vladimir Putin and tell him that he has to get serious about peace talks, because otherwise this will slam back on Brazil, on India and on China in a massive way,' said Rutte. STORY CONTINUES BELOW THIS AD Since the Russian invasion of Ukraine in 2022, India has ramped up the purchase of discounted Russian oil. Officials and commentators in the West have often criticised the Indian purchase of oil as they have accused India and other buyers like China of funding the Russian war. Energy exports, such as oil and gas, make up a huge chunk of Russian revenues that it uses to fund the war on Ukraine. However, these officials and commentators, such as Rutte, ignore the fact that European nations have also continued to buy Russian oil and gas. In fact, European nations have paid Russia more for such imports than they have given to Ukraine in aid. Consider this: Since 2022, the European Union (EU) has been the largest buyer of Russian liquified natural gas (51 per cent) and pipeline gas (37 per cent) and Turkey —a Nato member— has been the largest buyer of Russian oil products (26 per cent), according to the Centre for Research on Energy and Clean Air (CREA). STORY CONTINUES BELOW THIS AD So far this year, EU members have bought €21.9 billion ($25.4 billion) of Russian oil and gas compared to €18.7 billion ($21.69 billion) that they have allocated in aid for Ukraine, according to estimates from the CREA. Moreover, since 2022, estimates have said that the EU members have paid $215–235 billion to Russia for oil, gas, and coal, compared to $200 billion that they have allocated and pledged to Ukraine in aid.
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Business Standard
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Business Standard
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