Reliance Retail has hired Sanjay Jog, as its Chief of HR. Sanjay had been with Pantaloon Retail as the Chief People Officer for last seven years and was a part of key leadership team working with Kishore Biyani. He has earlier been with leading corporates like DHL, Indian Hotels Group, Bharti Televentures, and RPG Enterprises.…
Welspun Energy to invest 5675 Crores in Karnataka’s Wind Energy Projects
by •
New Delhi, Delhi, June 13, 2012 : Welspun Energy Ltd. will be developing twin wind power projects in the state of Karnataka, within the next five years. The Independent Power Producer has been working toward developing a cumulative target of 1.7 GW of wind and solar energy projects. In the recently held Karnataka’s Global Investors…
JWT Singapore acquires majority stake in Hungama Digital Services in India
by •
JWT Singapore ( owned by WPP) would acquire a majority stake in Hungama Digital Services Pvt Ltd. India. Hungama Digital Services is the digital and promotions marketing division of Hungama Digital Entertainment Private Limited. Based in Mumbai, Hungama Digital Services was set up 13 years ago and its offerings include - strategic planning, web…
Super Religare Laboratories raises PE Funding of Rs. 370 Cr. from IFC and Jacob Ballas
by •
Super Religare Laboratories Ltd. (a Subsidiary of Fortis Healthcare) has secured a PE funding for Rs. 370 Cr. from International Finance Corporation (IFC) and NYLIM Jacob Ballas India fund. IFC , a World Bank investment arm would be investing Rs. 250 Cr. , while NYLIM Jacon Ballas India fund would be investing Rs. 120 Cr.…
Adani Power appoints Vineet Jain as ED & CEO
by •
Adani Power has appointed Vineet Jain as the Executive Director. His appointed comes post the resignation of Ravi Sharma (Whole-time Director & CEO). Vineet is a mechanical engineer and has spent over 20 years in the power sector. He has been with Adani group since 2006 and has been credited with some successful implementations of…
Komli Media Raises US $39 Million in Funding Led by Norwest Venture Partners
by •
Tuesday, 12th June 2012, Mumbai, India – Komli Media, Asia Pacific’s leading media technology platform, today announced it has raised US $39 million, its largest financing to date. Norwest Venture Partners (NVP) led the financing with participation from Nexus Venture Partners, Helion Venture Partners, Draper Fisher Jurvetson, and Western Technology Investment. The funds will be…
RIL To Set Up Rs 3,300 Crore Unit in Devanahalli
by •
Mumbai, Maharashtra, June 11, 2012 — Karnataka ‘s GIM ( Global Investors Meet) ushered in investments worth Rs. 7.6 Lakh crore with the top notches nationally and internationally keen on investing here. Infotel Broadband Limited, a subsidiary of RIL (Reliance Industries Limited) signed a Memorandum of Understanding (MoU) with the government of Karnataka to set…
Pay data: 2012 short-term incentive predictions highlight patchy global business confidence
by •
Pay data released by Mercer on the use of Short-Term Incentives (STIs) countries has highlighted surprising indications of nascent business confidence in Western and Eastern Europe, Australia, New Zealand and Middle East. The data, taken from 21,000 companies in 62 countries also indicates a weakening in confidence for companies in Asia Pac, Latin America and…
Wipro BPO head Manish Dugar resigns, Manoj Punja to take charge
by •
Global head for Wipro’s business process outsourcing arm Manish Dugar has resigned. He would be replaced by Manoj Punja , presently the Head – Focus Markets & Global Sales. Manoj Punja will report to T.K. Kurien, Chief Executive of Wipro Technologies in the new role. Manoj Punja, in his role as Head – Focus Markets…
NIIT Technologies appoints Patrick Grubbs as Senior Vice President of Travel, Transport & Logistics Vertical
by •
New Delhi, Delhi, June 7, 2012 — NIIT Technologies Ltd. (NSE: NIITTECH), a leading IT solutions organization today announced the appointment of Patrick Grubbs as Senior Vice President for the Travel, Transport & Logistics (TTL) vertical at NIIT Technologies Inc. Most recently, Grubbs was the Vice President & Global Head of HCL AXON’s travel business.…
CSC Appoints New Members to Senior Management Team
by •
FALLS CHURCH, Va.–(BUSINESS WIRE)–CSC (NYSE: CSC) today (June 5, 2012) announced several appointments to its senior management team. The appointments by newly appointed President and Chief Executive Officer Mike Lawrie are a key step to executing the company’s turnaround strategy. Leadership appointments include: David Zolet, 51, as president North America Public Sector (NPS). Zolet has…
Google acquires QuickOffice
by •
Google has acquired Quickoffice for an undisclosed amount. The acquisition is being seen as a move to to bridge Google Apps & its mobile services aimed at business productivity. Quickoffice is known for its office productivity applications across the mobile platforms. Its office suite is available across platforms – Symbian, Android, iOS etc. , and…
Google is acquiring silicon valley startup Meebo !
by •
Meebo has announced its acquisition by Google on Monday, 4th June 2012. It is understood that Google is looking at adding to its social networking services through this acquisition. As a part of the agreement the Meebo team would integrate with Google Plus team. Meebo had started in 2005 as a instant messaging platform…
Frost & Sullivan: Favourable Growth Opportunities for the Environment Technologies Market in the Middle East
by •
Dubai, United Arab Emirates, Tuesday, June 05, 2012 : The current pace of economic development has unfolded significant opportunities for the Environment Market in the Middle East. Innovative best practices to stay ahead of the competition and grow remain the success mantra in an increasingly competitive atmosphere. In their quest for sustainable and green growth,…
GlobalOutlook Appoints Global CEO
by •
Dallas, TX (PRWEB) May 31, 2012 — GlobalOutlook, a leading secure cloud-based Business Communication Service provider today announced the appointment of Prabhakar Reddy as their Global CEO. The appointment follows the February announcement by Naya Ventures that the fund would be committing additional funds to expand the management team and grow the company’s international customer…