Sogefi Group a leading global supplier of auto components has set up a new state of the art manufacturing facility, Allevard- IAI in Chakan, Pune. Sogefi Group which designs, develops and produces filtration systems, flexible suspension components, air management and engine cooling systems entered into a51: 49 JV with group company Allevard Rejna Autosuspensions and…
Category: News
Alten Group to ramp up its India operations.
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Alten Group, a leading European company in the field of technology consulting and engineering, is looking at strengthening its presence in India. The company is planning increasing its headcount, and develop India as a major R & D hub. The business presently employs about 15,000 employees in 14 countries. In India they are planning to…
Snapdeal.com appoints Aakash Moondhra as CFO
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Snapdeal.com has appointed Aakash Moondhra as the company’s Chief Financial Officer. Aakash has previously been associated with leading brands like – AT & T, Bharti Airtel, Bharti Retail & Barrings Private Equity. In his previous role he was the Chief Investment Officer for I Farm Ventures. At Bharti, he has been a part of the…
Syed Safawi joins Viom Networks as CEO
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Syed Safawi (ex Reliance Communications) has joined Viom Networks as the CEO. Viom, a joint venture between Tata Teleservices and Quippo operates over 40,000 towers, and ranks amongst the top telecom passive infrastructure company in India. The CEO position at Viom has been vacant since the exit of Arun Kapoor last year, and since then …
Recent appointments in PSUs and Government Bodies
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Neyveli Lignite Corporation Mr. B Surender Mohan has been appointed as the new Chairman and Managing Director of Neyveli Lignite Corporation ( NLC). Prior to taking over, he was serving as the Mines Director. ISRO Satellite Centre (ISAC) Mr. S K Shivakumar, has been appointed as the Director for ISRO Satellite Centre (ISAC), Bangalore. He…
Pfizer India appoints Aijaz Tobaccowalla as Managing Director
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Pfizer Limited has appointed Aijaz Tobaccowalla as Managing Director, India. He will succeed Kewal Handa, who earlier this year announced his intention to retire in August 2012. “With more than 20 years of experience in the pharmaceutical industry, Aijaz, “Jazz” is a seasoned leader who will continue to lead Pfizer India through this exciting period.…
Makemytrip appoints Sanket Atal as CTO
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MakeMyTrip has appointed Sanket Atal as Chief Technology Officer of the company. In his role as the CTO he is responsible for all aspects of Technology Development and Support. Sanket is a seasoned technology professional and has over 20 years of software development experience with Informix, Oracle and CA Technologies. Earlier he had been associated…
Philipp Humm, quits as CEO of T-Mobile USA
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ING Investment Management appoints Nityanand Prabhu as acting CEO
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Asset management firm ING Investment India has appointed Nityanand Prabhu as acting CEO of ING Investment Management (IM) India, based in the Mumbai office, following the resignation of CEO Navin Suri. Prabhu has been associated with ING Investment India for five years now, prior to which, he was with ABN Amro Asset Management, Tata Mutual…
Senior Level appointments at Yes Bank
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Pralay Mondal , Senior Group President – Retail & Business Banking. Yes Bank has appointed Pralay Mondal as Senior Group President – Retail & Business Banking. In his role Pralay will drive the growth of the concerned business divisions, and provide leadership to operations and service delivery teams. He would also lead the wealth management…
Coca-Cola plans to invest US$5 Billion to support long-term, sustainable growth in India
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Coca-Cola plans to invest an additional US$3 billion (approximately Rs. 165,000 MN) in India through 2020 to further capture growth opportunities in the country’s fast-growing nonalcoholic ready-to-drink (NARTD) beverage market. With the new $3 billion investment, the Coca-Cola system now plans to invest $5 billion in India from 2012 to 2020. “Achieving continued sustainable, responsible…
Fashionandyou.com to get a new CEO ..
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Fashionandyou.com, one of the recognized e-commerce brands in Indian Online Fashion & Luxury e-commerce space, would be seeing the exit of its Founder & CEO from her present operating role. The company has announced that Pearl Uppal , would be moving on from the CEO’s position – however would maintain her status as a co-founder…
IKEA plans to invest Rs 10,500 cr to set up 25 stores in India
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Sweden’s IKEA, the worlds largest furniture maker, plans to invest invest Rs 10,500 crore for setting up of 25 stores in single-brand retail in the country. IKEA already has a strong presence across the globe with their stores in more than 38 countries. Of these 287 stores in 26 countries belong to the IKEA Group.
AppliedMicro Expands Global Design Operations in India
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Applied Micro Circuits Corporation, or AppliedMicro™ (NASDAQ: AMCC), an industry leading provider of energy conscious silicon solutions for next generation data centers and internet infrastructure, announced the opening of its new Bangalore design center. The operation will drive advanced design and development of AppliedMicro’s computing and connectivity solutions and provide significant value to its technology…
Tata Consultancy Services Ranked as a Leader in Business Analytics BPO Services: IDC
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Tata Consultancy Services , a leading IT services, consulting, and business solutions organization, today announced that it has been designated as a Leader in the Business Analytics BPO Services Market by prominent global market intelligence firm IDC. Among the attributes that garnered TCS the honor is the company’s innovation/R&D, pace and productivity as well as…