Mumbai, March 4, 2012: Reliance Industries Limited (RIL) becomes the first Indian company to be certified as “Responsible Care Company” under stringent standards of American Chemistry Council (ACC), USA. RIL’s Petrochemical Business won this accolade for its robust management system that ensures highest standards of health, safety, security and environmental performance for both its products…
James Murdoch steps down as Chairman of BSkyB
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The Board of British Sky Broadcasting Group plc (‘BSkyB’ or ‘the Company’) today announced that James Murdoch has stepped down as Chairman and will continue to serve in his capacity as a Non-Executive Director of the Company. Mr Murdoch is succeeded as Chairman of BSkyB by Nicholas Ferguson, who was appointed as a Director of…
Max India may see branding & HR verticals under one leader
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We may be seeing an interesting development in case of Max India – with HR & Branding verticals being brought together under one leader. There are unconfirmed reports of ex Future Group senior executive – Vibha Paul Rishi taking over the brand and hr capital vertical at Max India. The position would have its reporting…
Madhu Kannan, would join Tata Sons as Group Head Business Development
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Tata Sons today announced that Madhu Kannan, 38, will soon join Tata Sons as group head, business development, reporting to Cyrus P Mistry, Deputy Chairman, Tata Sons. Mr Kannan will be joining from BSE (formerly the Bombay Stock Exchange), where he has been the managing director and chief executive officer since May 2009. As per…
Leadership changes in PSU Banks
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Allahabad Bank: Mr Tilak Raj Chawla takes over as Executive Director of Allahabad Bank. He would be succeeding Mr. D Sarkar. Mr Chawla is an MBA in Finance and started his career with Punjab National Bank in 1977. He has been associated with Dena Bank as Assistant General Manager, General Manager and Chief General Manager.
Essar Oil Elevates Mr. C. Manoharan To Board Position As Director Refinery
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Essar Oil Ltd. announces the appointment of Mr. C. Manoharan, as Director (Refinery), with a position on the Company’s board. Prior to this, Mr. Manoharan held the position of Head of Refinery at Vadinar and was instrumental in successfully running the refinery consistently at above 130% capacity using almost 70 different grades of crude oil…
Goldman appoints new Lead Director and new Audit Committee Chair
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Goldman Sachs announced the Retirement of John H Bryan and Lois D. Juliber from Goldman Sachs Board of Directors. Mr. Bryan has been a director and a member of each of the standing committees of the Board since November 1999; in addition, he served as the Lead Director and as Chair of the Board’s Corporate…
DBS Bank invests Rs. 500 Crore of fresh capital to expand its India operations
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DBS Bank Ltd infuses about Rs. 500 Crore of fresh capital to fuel its India operations. The company, plans to keep its focus on corporate banking including wealth management services. As per Sanjiv Bhasin, chief executive officer of DBS Bank India – “This capital infusion should take care of our business expansion needs for the…
Advent International invests $ 105 Million in CARE Hospitals
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Mumbai, 2 April 2012 – Advent International, one of the world’s leading global private equity firms, today announced a partnership with the founders of CARE Hospitals (“CARE”). Advent will invest USD 105 million (INR 523 crore) of equity capital in CARE by acquiring shares from some of the existing investors and injecting additional capital into…
Canon appoints new President & CEO for Europe, Middle East and Africa
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LONDON, April 2, 2012 – Canon, world-leader in imaging solutions, today announced the appointment of Rokus van Iperen as the new President & CEO of Canon Europe, Middle East and Africa (EMEA). He becomes the first European to lead Canon’s business across the EMEA region, succeeding Ryoichi Bamba, who is retiring after four years in…
Matthew Vallance steps down as the Managing Director and CEO for Firstsource
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It is reported that Matthew Vallance has stepped down as the Managing Director and CEO of Firstsource Solutions Ltd. Firstsource, is one of the leading business process outsourcing firms with a network of 48 delivery centers spread across US, UK, Philippines, India and Sri Lanka. The company established in 2001 has over 30,000 employees and…
IAC Group Names James K. Kamsickas Global Chief Executive Officer
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International Automotive Components (IAC) Group has appointed James K. Kamsickas as Chief Executive Officer (CEO), effective April 15, 2012. Kamsickas previously served as global co-chief executive officer and president of North America and Asia. Jens R. Höhnel, who served as global co-chief executive officer and president of Europe, is retiring after more than 40 years…
CA Technologies Appoints Sunil Manglore as Vice President
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Mumbai, Maharashtra, India, Monday, April 02, 2012 : CA (NASDAQ: CA) Technologies today announced that industry veteran Sunil Manglore has been appointed Vice President, CA Technologies, India. Bringing more than 20 years of IT and Telecom experience to the company, Sunil reports in to Lionel Lim, president and general manager of Asia Pacific, CA Technologies.…
HSBC India appoints Stuart Milne as CEO
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HSBC has appointed Stuart Milne as its CEO for India business. He succeeds Stuart A Davis. Stuart has earlier been the country manager for HSBC Japan. He has been with HSBC since 1981, and has worked in diverse geographies during his earlier stints – Europe, the Middle East, the United States and Asia. HSBC is…
Gautam Kiyawat to join Madison Media as Group CEO
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It is reported that Gautam Kiyawat would be joining Madison Media as Group CEO. He would be taking over the position left vacant by the exit of Punitha Arumugam. Earlier in March, it was reported that Punitha had submitted her resignation and was expected to move out by end of March 2012. There had been…