Serge Schoen will be exiting the role of Chief Executive Officer (CEO) for Louis Dreyfus Commodities, effective June 30, 2013. Ciro Echesortu, who has been the company’s Chief Operating Officer (COO) and head trader since 2009, has been appointed as the new CEO of Louis Dreyfus Commodities. After eight years of service within Louis Dreyfus…
Category: News
Tech Mahindra appoints Milind Kulkarni as CFO, Manoj Bhatt as Deputy CFO
by •
Tech Mahindra Limited, has appointed Milind Kulkarni as Chief Financial Officer, and Manoj Bhat as Deputy Chief Financial Officer. Sonjoy Anand, who has served as Chief Financial Officer of Tech Mahindra moves on having decided to pursue opportunities internationally. “I would like to thank Sonjoy, who has been a key member of the Management Team…
InterContinental Hotels Group Celebrates Service Week
by •
All around the world InterContinental Hotels Group, IHG is ‘Celebrating Service’ with over 345,000 employees, in more than 4,000 hotels and offices. Here in India, colleagues from the IHG Regional office and 13 Hotels got together to thank and recognize the hard work and dedication of the more than 3000 colleagues in India. The concept…
SABMiller India appoints Grant Liversage as new Managing Director
by •
SABMiller India, the subsidiary of SABMiller plc, has announced the appointment of Grant Liversage as Managing Director of the company. Grant takes over from Paolo Lanzarotti who will now be taking up the position of Managing Director of SABMiller’s subsidiary Plzensky Prazdroj in the Czech Republic. Grant’s key responsibilities include overseeing the company’s operations, expansion…
P&G Announces Business Unit Realignment
by •
The Board of Directors of The Procter & Gamble Company (NYSE: PG) has announced some business unit realignments and associated changes to its executive management structure effective July 1, 2007. Summary of Key Changes The company’s three global business units will be: Beauty Care, Global Health & Well Being, and Household Care. All units will…
Ricoh inaugurates its state of the art business center in Kolkata
by •
V.K.Viswanathan appointed as Chairman of Bosch Ltd.
by •
V.K.Viswanathan has been appointed as Chairman at Bosch ltd. Presently he is the President of Bosch Group in India and Managing Director of Bosch Limited. This decision of his appointment was taken on 5th June 2013 during the company’s board meeting. His appointment as Chairman will be with effect from 1st July 2013. He will…
Tata Consultancy Services Named One of the “Top 10 Companies with the Best Business Outlook”
by •
Tata Consultancy Services the leading IT services, consulting and business solutions organization, has been named one of the “Top 10 Companies with the Best Business Outlook” by Glassdoor, the online career and workplace resource community. Glassdoor Survey Reports High Marks from TCS Employees on: Culture & Values Career Opportunities Work/Life Balance The report and rankings…
CG Wins “Dun & Bradstreet Corporate Award 2012”
by •
Avantha Group Company CG was honoured as the top Indian company in the Power Equipments sector for the year 2012 by Dun & Bradstreet (D&B) at their Corporate Awards event held in Mumbai. The award recognized and felicitated corporate India’s leading companies from various sectors.The awards methodology was developed through a proprietary financial model, by…
Amazon sets up shop in India
by •
Amazon, has finally hit Indian shores, buy setting up their shop – Amazon.in, in India. The Amazon India market place has kicked off yesterday, and is presently selling Books only. Earlier in Feb 2012, Amazon Seller Services made its foray into the Indian market with the launch of Junglee.com, a price comparison web site. Amazon.in…
Sanjeev Vohra (ex Citibank) may lead Royal Bank of Scotland India business.
by •
It is learnt that Sanjeev Vohra (ex Citibank) may be heading India business for Royal Bank of Scotland (RBS). In his previous role Sanjeev had been with Citibank Philippines as Country Head. As reported in a leading daily, sources have said that the appointment awaits regulatory approval. RBS India Head position has been vacant…
Zynga announces 18 % reduction in workforce.
by •
Zynga Inc. (the creator of Facebook game FarmVille ), is cutting its global workforce by 18 % , leading to elimination of about 520 employees. The reduction has been announced following a grim financial outlook and forecasts for the present financial year. The job cuts are a part of substantial cost reductions undertaken by Zynga…
IBM forms new cloud services division, to acquire cloud infrastructure provider Soft layer
by •
IBM, is forming a new Cloud Services division, this announcement comes along with the announcement of IBMs acquisition of Softlayer, a leading cloud infrastructure provider. This new division will combine SoftLayer with IBM SmartCloud into a global platform. The new division would address the service requirements of both IBM and SoftLater clients, ISVs, channel partners…
OnMobile Global to Acquire Livewire Mobile
by •
OnMobile Global Limited, a global leader in telecom value-added services (VAS), announced today that it has entered into a definitive agreement to acquire the business assets and liabilities of Livewire Mobile, a leading provider of end-to-end managed mobile entertainment solutions for network operators and consumer device manufacturers. The resultant new U.S.-based entity will be called…
ChrysCapital invests Rs.250 Cr in CavinKare
by •
ChrysCapital has invested $45 million (Rs 250 crore) into the Chennai-headquartered fast-moving consumer goods major, CavinKare Pvt Ltd. It is learnt that, following the investment ChrysCapital will have one nominee on the board of CavinKare. CavinCare makes hair and skin care products such as Chik, Spinz and Nyle. In a statement, C.K.Ranganathan, Chairman & MD,…