It is learnt that the board of Wal-Mart Stores Inc. has identified two internal candidates to succeed incumbent CEO Mike Duke. The contenders as per a reports by Bloomberg News, are Bill Simon and Doug McMillon. Though Duke isn’t expected to step down immediately, it is understood that Wal-Mart may name his successor soon.…
Category: News
Intel Corporation Leadership appointments – Brian Krzanich as CEO, Renée James as President
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Intel Corporation, the world’s largest and highest valued semiconductor chip maker, has found the successor of Paul Otellini, the current CEO, internally. Brian Krzanich, who is at present the Chief Operating Officer of Intel since January 2012 will assume the role of CEO, at the Intel annual stockholders’ meeting on May 16. He will become…
VLCC plans to acquire three beauty and wellness companies across South East Asia, Europe
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VLCC, one of the leading slimming, health, and wellness services company is planning to pick up controlling stake in three beauty and wellness companies across South East Asia and Europe. Based on a statement by Vandana Luthra to media – it is learnt that the company is up to finalizing an acquisition deal with a…
Joe Hogan to exit ABB as CEO
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ABB, Chief Executive Officer Joe Hogan has decided to leave ABB for personal reasons. While there has been no disclosure on the date of his exit, he will continue in his role till a successor is identified. In a statement released by the company it was conveyed that Joe is committed to a smooth transition.…
JCB to invest Rs 500 Crore on new manufacturing plant at Jaipur in India
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JCB Bamford Excavators, the UK Based construction equipment maker is planning to invest Rs. 500 Cr in the next five years to set up its fourth manufacturing plant in India. The Indian operations of the company is expected to hire up to 1,500 people for the new plant over the next 4-5 years. JCB India…
Akamai Technologies appoints Sidharth Malik (ex Microsoft) as Vice President and Managing Director for India business.
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Akamai Technologies, has appointed Sidharth Malik, the former senior Director at Microsoft India, as Vice President and Managing Director for Akamai India business. Sidharth will be responsible for leading and expanding Akamai’s India operations. He will be based out of Bangalore and report to Sanjay Singh, Senior Vice President & General Manager, Akamai Asia Pacific…
Ana M. Catafau joins Piramal Imaging as VP, Clinical Research and Development, Neurosciences
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Piramal Imaging SA, a division of Piramal Enterprises, announced Ana M. Catafau, M.D., Ph.D., as vice president (VP) of Clinical Research and Development, Neurosciences. Dr. Catafau brings more than 20 years of experience in neuroimaging research with SPECT and PET both in academia and in the pharmaceutical industry. Her tenure includes 16 years with the…
Lupin Pharmaceuticals next-generation takes over the reins – Vinita Gupta, & Nilesh D Gupta
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Lupin board of directors has approved the appointment of Vinita Gupta as Chief Executive Officer and Nilesh D. Gupta as Managing Director from September 2013. Vinita and Nilesh are children of Dr. Desh Bandhu Gupta, Lupin’s Founder and Chairman. Kamal K. Sharma, present the company’s Managing Director would move up as Vice-Chairman. Vinita Gupta, has…
Ivan Menezes, an Indian-Origin, is the new CEO of Diageo
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Diageo plc, the leading premium drinks company, has appointed Ivan Menezes as its new Chief Executive Office. Ivan will take charge of the CEO’s role effective July 1, 2013. He will replace Paul Walsh who has been leading the firm for the past 13 years. Paul Walsh, will step down from the Board at the…
Anjan Lahiri Head of MindTree’s IT services Business quits.
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Anjan Lahiri, President & Head of MindTree’s IT Services Business has quit post an organizational restructuring. MindTree moves to a new organization structure effective 1st July 2013. Under the present structure, Anjan had been heading the IT Services business and S Janakiraman had been heading the Product & Engineering business. Anjan would continue as a…
Microsoft names Amy Hood as new Microsoft chief financial officer
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New investments in realty sector dried up by 55% during the last fiscal across India: ASSOCHAM
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According to ASSOCHAM, new investments in the real estate sector across India have dried up by about 55 per cent as of March 2013 as against the corresponding period last year. “The realty sector in India attracted new investments worth over Rs 42,000 crore as of March 2013 which slipped from over Rs 92,600 crore…
Are they really paying for motivation
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A news report in a leading daily says – corporates pay big bucks for motivational speeches from real life achievers. The real life achievers in this case has been stated to be – sports person, movie directors, authors, and some business guys. Well, for one I am sure, that the corporates who hire these achievers…
Why are WE so much fascinated by terminologies & buzz words related to business & management?
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It’s something so similar to memorizing formulas, when you were in math’s class in primary school. Rather than getting the concept and its application to a context – a good number of us always find it easier to cram the whole thing, and then speak out the terms at right or wrong platforms. In…
Online businesses – some more funds to expand and thrive.
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If you think that the e-commerce and online business space is facing the heat because of high burn rates, low margins & disappearing investments, have a re-look. There are some stronger players still attracting investments, and at hiringsquare.com, when we see investments in any business or a sector, we clearly assume that a decent chunk…