KKR Capstone, an important driver of value creation for KKR and KKR portfolio companies today announced the appointment of Ananya Tripathi, former Myntra Chief Strategy Officer, as the Director of KKR Capstone in India, effective from January 2019. KKR Capstone has over 90 team members globally, with more than 20 based in Asia, made up of…
Facebook Inc. which has been facing several criticisms for the past few years has hired the former UK deputy prime minister, as its head of global policy and communications. Clegg, 51, will be succeeding Elliot Schrage. The Social media giant has been facing severe political pressure over issues such as data scandals, spreading fake news, and the…
Harley-Davidson, Inc., or Harley, the American motorcycle manufacturer, on Friday, announced the appointment of Sajeev Rajasekharan as Managing Director of company’s India operations. He will be based out of Harley-India’s Gurgaon-based headquarters. Prior to this, Sajeev was the executive vice-president of Suzuki Motorcycle India. He has also worked across many consumer durable companies including Panasonic, Electrolux, Samsung…
Cognizant, a multinational corporation that provides IT services, including digital, technology, consulting, and operations services has asked 200 of its senior level employees to resign their job. The reason behind firing is believed to be Cognizant’s focus on “newer digital requirements”, the Times of India reported, adding the company would bear around $35 million in…
Julius Baer Wealth Advisors (India), the Indian arm of the leading Swiss private banking group Julius Baer, has announced today the induction of 11 relationship managers (RMs) across its offices in Chennai, New Delhi, Kolkata, and Mumbai over a span of nine months. The firm recently appointed Meghna Vaidya in Mumbai and Reetika Srinivasan in Chennai as Senior RMs. Meghna, having worked…
Srinivasan Swamy, Chairman of the R K Swamy Hansa Group, has been unanimously elected as the Chairman and World President of the International Advertising Association (IAA), the first Indian ever to do so. Swamy will take over the reins from legendary advertising professional Felix Tataru in Bucharest, Romania and he will stay in this post for…
Chanda Kochhar, 56, the Chief Executive Officer and Managing Director of ICICI Bank has left the firm today after her early retirement plea has been accepted by the firm. Post-retirement benefits of Ms. Kochhar will be “subject to the outcome of the inquiry”, ICICI said in a statement. ICICI has named Sandeep Bakhshi as the new CEO and…
Facebook on Monday announced Adam Mosseri, Vice President of Product, will be taking position as the new Head of the photo-sharing app Instagram following the resignation of its founders Kevin Systrom and Mike Krieger. Adam Mosseri was earlier leading the news feed division of Facebook, one of the most important products of Facebook. His appointment will take…
Sridhar Ramaswamy, Advertising Chief of Google has ended his 15 years relationship with the company to join Greylock Partners as a venture partner. Prabhakar Raghavan, head of Google’s business-applications unit, will step into his role. In 2003, Sridhar joined the ads team, at that time the revenue of ads group was $1.5 billion. He was…
General Electric announced today that H. Lawrence Culp, Jr. has been named Chairman and Chief Executive Officer of the Company by a unanimous vote of the GE Board of Directors, effective immediately. Additionally, the GE Board has appointed Thomas W. Horton as Lead Director. Mr. Culp and Mr. Horton have been members of the Board…
The Indian government has taken the control of the debt-ridden Infrastructure Leasing & Financial Services (IL&FS). As a start, the government filed an application with the National Company Law Tribunal (NCLT) to dismiss the current board of IL&FS. The government thought it would be detrimental to run the firm with its current directors. The petition filed was…
Indian born economist Gita Gopinath has been appointed as the Chief Economist of International Monetary Fund by IMF Managing Director Christine Lagarde. Gita will be replacing Maury Obstfeld. He announced that he will be retiring at the end of 2018 in July. She currently serves as the John Zwaanstra Professor of International Studies and Economics at…
The Board of Mahindra Lifespace Developers Ltd. yesterday approved today, the appointment of Sangeeta Prasad, CEO – Mahindra Lifespaces as Managing Director & CEO of the Company effective 1st October 2018, consequent to the resignation of Anita Arjundas as Managing Director effective 30th September 2018. Sangeeta, 50, has over 26 years of work experience, which…
Infrastructure Leasing & Financial Services Limited’s financial services unit MD & CEO Ramesh C Bawa quits as the parent company struggles to deal with debts. This resignation came just hours after the parent company IF&LS on Friday informed lenders that it is unable to repay the debt of Rs 250 crore. Along with Ramesh C Bawa,…
Ankur Prakash, Wipro Ltd’s vice-president, manufacturing strategic business unit and Latin America, has quit the firm according to a Mint article. Ankur is not the only person to leave the IT firm in the past few months, earlier last month Wipro’s healthcare and life sciences head Jeffrey Heenan Jalil left the firm due to some unknown reasons.…