Lenovo and EMC Corporation have announced a broad partnership that enhances Lenovo’s position in industry standard servers and networked storage solutions, while significantly expanding EMC’s reach in China and other key, high-growth markets. The new partnership is expected to spark innovation and additional R&D in the server and storage markets by maximizing the product development…
Category: News
Snapdeal.com set to land up $ 80–100 Million in PE Funding
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Snapdeal.com, is set to see a major investment from General Atlantic Partners. The PE funding, is expected to be around $ 80 – 100 Million, and may also see participation from the existing investors – Bessemer Venture Partners, Nexus Venture Partners and IndoUS Venture Partners. Snapdeal.com, which started as a group deal site, has in…
Scania Commercial Vehicles to set up manufacturing facility in Narasapura, to employ 800 for the plant.
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Scania Commercial Vehicles India, is planning to invest Rs. 250 Crores. in its proposed manufacturing facility in Narasapura, Bangalore (20 km from Hosakote). The proposed plant will be a completely knocked-down (CKD) assembly unit for truck and bus chassis. Bodybuilding of city buses and coaches is also planned in this facility. It has been specially…
Ross Levinsohn quits Yahoo !
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Ross Levinsohn, who held the position of Interim CEO for Yahoo Inc. after the exit of Scot Thompson, has reportedly quit. This move was anticipated by some, and comes two weeks post the appointment of Marissa Mayer as CEO by Yahoo Inc. After the exit of Scot Thompson, while the company board was on look…
Deutsche Bank India appoints Ravneet Gill as CEO
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Ravneet Gill, has been elevated as Country CEO, for Deutsche Bank, India. This appointment comes post the movement of Gunit Chadha, to a larger role. In March 2012, Gunit Chadha, was appointed as co-CEO for Asia Pacific, along with Alan Cloete, the new appointment being effective June 2012. (Earlier Post: Deutsche Bank appoints Gunit…
HCL Technologies, appoints Anant Gupta as President & COO
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Last week HCL Tech (the fourth largest IT company in India) declared its quarterly (ending June 2012) results, and surprised the market and investors with an impressive performance. The company showed a growth in revenue, operating profit as well as net profit. This performance comes across as an achievement, considering that the performance of other…
HCL Infosystems acquires Edurix to strengthen its Learning Business
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HCL Infosystems Ltd., India’s premier hardware, services and ICT Systems Integration and Distribution Company has aquired Edurix, a part of Attano Media and Education Private Ltd. Edurix designs and implements content for the K-12 education segment. The business transfer between HCL Infosystems and Attano has been completed and included transfer of all fixed assets, IPR…
Reactions from Industry Associations on Maruti Manesar Plant Violence
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While the Industry associations have released their statements condemning the unfortunate incident that lead to the death of a senior HR professional (Awanish Kumar Dev – GM HR, Maruti), it is yet to be seen how they can follow up with the government so as to ensure that the people responsible for the incident can…
N Krishnan to exit Deccan Chronicle Holdings Ltd as Managing Director
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In its communication to stock exchanges on Wednesday, Deccan Chronicle Holdings Ltd, has communicated that N Krishnan has resigned as the Managing Director of the company. He would also be moving out as a Director of the board. The board has accepted his resignation, and he would be relived from his duties by end of…
Alcatel Lucent, to reduce 5000 from its global head count
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With the announcement of its 2nd quarter 2012 results, Alcatel Lucent has also announced its intentions of reducing its global head count by 5000. The company globally employs around 75,000 employees. “The Performance Program”, as the cost reduction initiative has been termed, aims to achieve an additional Euro 750 million cost reduction, bringing total…
Wipro Cited as a Leader in Business Technology Transformation by Independent Research Firm
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Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE:WIT) has been named a “Leader” in the “The Forrester Wave™: Business Technology Transformation, Q3 2012,” published July 19, 2012. The Forrester Research Inc. report evaluated and scored Wipro Consulting Services (WCS), Wipro’s consulting practice, on the basis of a comprehensive methodology…
Vodafone India, top level exits ..
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Sanjoy Mukherjee (Chief Commercial Officer – Vodafone), and Samaresh Parida (Special Projects – Vodafone), are on their way to exit Vodafone Indian Operations (Source: ET ). It is reported that their exits follow the restructuring and subsequent role changes that took place. Sanjoy Mukherjee, who was earlier heading Vodafone India’s operations in North & East,…
Hero MotoCorp Ltd to invest Rs. 160 Crs to set up a Global Parts Centre (GPC) at Neemrana
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Hero MotoCorp Ltd., the leading two wheeler manufacturer has announced that the company would be setting up a Global Parts Centre (GPC) at Neemrana in the northern Indian state of Rajasthan. “We will be setting-up a state-of-the-art Global Parts Centre spread over 35 acres at Neemrana with an initial investment of Rs 160 crore,” Mr.…
K S Vijay Kumar exits RFCL (part of Avantor Performance Materials) as Global Director – Human Resources
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K S Vijay Kumar is reported to have resigned from his role as Global Director – Human Resources, for RFCL (an Avantor Performance Materials business). It is learnt that he is moving on for personal reasons, and would be exiting the company by end of this month. Vijay has been leading the Human Resource function…
Reserve Bank of India on look out for HR Consultants to ramp up HR policies & processes ..
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The Reserve Bank of India(RBI), the Central Bank of the country, seems to have realized the relevance of relevant and well benchmarked HR process and policies. It has recently (on 19th July 2012) floated a requirement to empanel HR consultants for a range of services to support the bank “in framing, implementing and delivering integrated…