Jyothy Laboratories has appointed S Raghunandan as its CEO and whole time director. The company had been on look out for a CEO for quite some time, post its acquisition of Henkel. Last year the company had picked up Henkel AG’s majority stake in its Indian subsidiary. The deal had added to Jyothy’s existing portfolio…
Tech Mahindra inaugurates its 6th SEZ facility
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Noida, May 23, 2012: Tech Mahindra, a global systems integrator and business transformation consulting services firm exclusively focused on the telecommunications industry, announced the launch of its new delivery and development centre in Noida, Uttar Pradesh, India. The new facility was inaugurated by Anand Mahindra, Chairman, Tech Mahindra, in the presence of the Board of…
Quikr gets fresh funding of $32 Million
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Quikr.com, India’s leading classifies web site & a platform to sell, buy, rent or find something, has seen fresh round of funding lead by Warburg Pincus along with its existing investors. The present round of funding is $32 million in fresh funds and has participation from eBay Inc., Matrix Partners, and Norwest Venture partners.…
HP’s realignment may lead to up to 30,000 job cuts
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HP, in its release on 21st March 2012, had announced a realignment exercise where in HP’s Imaging and Printing Group (IPG) and its Personal Systems Group (PSG) were to converge as the Printing and Personal Systems Group. As per the earlier announcement – “ Combining these two entities will rationalize HP’s go-to-market strategy, branding, supply…
Star Union gets its new CEO & MD Girish Kulkarni
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Private insurer Star Union Dai-ichi Life Insurance Co Ltd (SUD) appointed Girish Kulkarni as managing director and chief executive. Mr. Kulkarni replaces Kamalji Sahay, who was the first managing director and chief executive officer (CEO) for the past four years and got retired last week. Mr. Kulkarni was most recently the General Manager of United…
IFFCO-Tokio appoints Yogesh Lohiya as MD & CEO
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Vineet Nayar appointed JMD of HCL Tech for 5 years
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HCL Technologies Ltd has appointed Mr. Vineet Nayar as the Joint Managing Director (JMD) of the India’s fourth largest locally-listed software exporter company, in a meeting of the Board of Directors of the Company held on May 14, 2012. However, it is subject to the approval of the Shareholders, HCLT informed The Bombay Stock Exchange…
Yahoo! Names Fred Amoroso Chairman and Appoints Ross Levinsohn Interim CEO
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Board Announces Settlement with Third Point LLC May 13, 2012, SUNNYVALE, Calif. — Yahoo! Inc. (NASDAQ: YHOO) today announced that the Board of Directors has named Fred Amoroso as Chairman of the Board of Directors and Ross Levinsohn as interim Chief Executive Officer, effective immediately. The Company also announced that its Board has reached an…
Yahoo Inc. – 4 month old CEO Scot Thompson quits …
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Scott Thompson has quit Yahoo as the CEO after a four month stint. In the first week of May , he had been accused by an investor activist – Daniel Loeb for adding false credentials in his resume regarding his college degree. Loeb is the CEO of Third Point LLC, one of the largest share…
HCL Technologies and Consumers Energy Agreement Brings New Technology Center to Michigan
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300 New Local Jobs to Be Created with Help from State of Michigan Sunnyvale, Calif. and Jackson, Mich., May 11th, 2012 – HCL America, Inc., a wholly owned step-down subsidiary of HCL Technologies Ltd. (HCL), a leading global Information Technology (IT) services provider, and Consumers Energy, the 4th-largest U.S. electric and natural gas company, today…
Sequoia Capital to invest 100 cr in Moolchand
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New Delhi-based Moolchand Healthcare Pvt. Ltd has raised Rs.100 crore from venture capital and private equity investor Sequoia Capital in lieu of a minority stake. Moolchand has plans to invest Rs.500 crore over three-to-five years for expanding its hospital in Delhi, build more hospitals in the National Capital Region, acquire hospitals across India, and set…
Ybrant Digital to buy three of Experian’s businesses for US $175 Million
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Hyderabad, May 10, 2012: Ybrant Digital, a leading global digital marketing company announced today that it has entered into an agreement to purchase PriceGrabber, LowerMyBills, and ClassesUSA.com. Experian, the global information services company, announced the news simultaneously in London today on an agreement to sell PriceGrabber, its price comparison shopping business which powers Yahoo! and…
Miles Young to succeed Shelly Lazarus as Chairman – Ogilvy & Mather
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Ogilvy & Mather, at its Board meeting in São Paulo, Brazil, announced that Shelly Lazarus, Chairman of Ogilvy & Mather from 1997, will step down and move into the role of Chairman Emeritus, effective July 1, 2012. Miles Young, CEO, will succeed her, in her role as Chairman. At the same time, two new directors…
Komli Media appoints Rajesh Ghonasgi as CFO & Anjali Shrivastava as Global Head HR
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Komli Media one of Asia Pacific’s leading media technology company has announced the appointment of two executives to its leadership team: Anjali Shrivastava as the VP & Global Head of Human Resources (HR) and Rajesh Ghonasgi as the Chief Financial Officer (CFO). Shrivastava will be responsible for planning and driving Komli Media’s people- and culture-related…
Global Vectra directors Swati Rishi, Bhaskarudu resign
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Global Vectra Helicorp Ltd (GVHL), a company under the Vectra Group, which has been quite in news recently due to a CBI probe in connection with the sourcing of Tatra trucks to the Indian armed forces, has received resignation from two of its directors. The company announced today that R S S L N Bhaskarudu…