Alibaba Group Holding Limited (NYSE: BABA) today announced that one year from today, September 10, 2019, chief executive officer Daniel Zhang will succeed Jack Ma as chairman of the board of Alibaba Group. Mr. Ma will continue as executive chairman of the company over the next 12 months to ensure a smooth transition of the…
AkzoNobel India Limited (ANIL) has announced the appointment of Rajiv Rajgopal as the Managing Director of the company, effective from November 1, 2018. Rajiv has been with AkzoNobel since 2013, and most recently he was the Regional Director – Middle East & Africa based in Dubai. Earlier, he has held the position of Director – Decorative…
Axis Bank has announced the appointment of Amitabh Chaudhry as CEO & MD. He will take over from Shikha Sharma, and his appointment is for 3 years effective January 1, 2019. Shikha Sharma will remit her position on December 31, 2018. In its release to BSE, Axis Bank announced – “We wish to inform you…
Alibaba’s co-founder and executive chairman, Jack Ma will retire from the e-commerce giant he founded in 1999, according to New York Times. He plans to pursue philanthropy in education post his retirement. Jack Ma, was a former English teacher at the Hangzhou Institute of Electrical Engineering and has always been known to his commitment to…
Tesla Inc., is facing the exit of its two senior executives. The news of exit of these executives comes while we have been seeing the video of Elon Musk smoking marijuana during an interview. The interview was streamed live online. As per Bloomberg reports, Tesla’s Chief People Officer, Gaby Toledano, who had joined in May 2017…
The Board of Directors of Rockwell Automation, Inc. (NYSE: ROK) today authorized the company to expend up to an additional $1 billion to repurchase shares of Rockwell Automation common stock. This is in addition to the authorization on January 15, 2018, to repurchase $1 billion worth of common stock, of which approximately $245 million was…
The hiring sentiments gained momentum for freshers, posting a demand of 15% during the month. Professionals with experience of 10-20 years were also in demand. Hiring activities at India Inc. continued an upswing after July 2018. As per monthly report from Timesjobs, August 2018 reported an overall 4% growth on month-on-month analysis of recruitment activities. Hiring Grew…
The project would be set up in Greater Noida over next four years, and with an investment of over 3000 cr is expected to create over 4,000 direct and over 10,000 indirect jobs.Leading Chinese home appliances MNC Haier has signed a memorandum of understanding (MoU) with the Uttar Pradesh Government to set up its second…
Private sector employment increased by 163,000 jobs from July to August according to the August ADP National Employment Report®. This report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total non farm private employment each month on a seasonally-adjusted basis.…
L&T Technology Services Limited (NSE: LTTS), a leading global pure-play engineering services company, has executed a definitive agreement to acquire 100% stake in Bangalore-based Graphene Semiconductor Services Private Limited (“Graphene”) by way of an all cash deal. L&T Technology Services Limited (NSE: LTTS), a leading global pure-play engineering services company, has executed a definitive agreement…
Dassault Systèmes has signed a Memorandum of Understanding (MoU) with National Institute of Technology Silchar (NITS) to set up the NITS Cloud Center for Innovation at the institute’s campus in Silchar, Assam. The MoU was signed at the 3DEXPERIENCE Forum India 2018 in New Delhi. As part of the MoU, Dassault Systèmes will host five…
Snapdeal has announced ‘AI-Hackathon’ to find talented AI experts who can address challenges in the e-commerce sector using artificial intelligence. The winner of the event will receive a cash price of Rs 50,000 and a chance to work with the firm’s AI team. “This competition challenges participants to solve interesting problems around computer vision and…
Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries has announced that one of its Indian subsidiaries has signed the agreement to acquire Mumbai based Miles Software for an amount of approximately $19 million, with an additional contingent earn out of up to…
Novartis today announced it has agreed to sell selected portions of its Sandoz US portfolio, specifically the Sandoz US dermatology business and generic US oral solids portfolio, to Aurobindo Pharma USA Inc., for USD 0.9 billion of cash plus USD 0.1 billion of potential earn-outs. This transaction supports the Sandoz strategy of focusing on complex…
SBI Mutual Fund has appointed Ashwani Bhatia as Managing Director and Chief Executive Officer. He takes over from Anuradha Rao who would be getting back to State Bank of India as Deputy MD. Before joining SBI Funds Management Private Limited, he was Chief General Manager (Officer on Special Duty), Corporate Centre in SBI, Mumbai (February 2018–…