Air Works India Engineering Pvt Ltd (Air Works), India’s leading provider of Aviation Services, today announced that it has made a strategic investment in Dubai based private aviation specialist, Empire Aviation Group FZCO (EAG). This move will help Air Works increase its footprint in the Middle East and provide world class aircraft management services to…
Category: News
Krispy Kreme doughnut’s ties up with Landmark group to set up 80 outlets in next 5 years
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It seems that the Indian foodies are developing a taste for doughnuts. Recently we had seen the debut of Dunkin Donuts in Delhi in May 2012. Earlier Dunkin Donuts had announced a franchisee agreement with Jubilant Foodworks to “to develop, sub-franchise, and operate more than 500 Dunkin’ Donuts restaurants throughout India over the next 15…
Facebook CTO Bret Taylor to exit..
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Rajat Gupta found guilty of insider trading
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Mr. Rajat Gupta , a former director at Goldman Sachs and Procter & Gamble has been convicted on three counts of securities fraud and one count of conspiracy for passing along confidential insider information about the companies to a hedge fund managed by his friend Raj Rajaratnam . He was found not guilty on two…
GE to invest $ 200 million in its new manufacturing facility in Pune
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GE is establishing a new manufacturing facility at Chakan, Pune to develop localised products and solutions for the energy sector in its first phase of operations commencing 2013. GE India today (15th June 2012), has signed a Memorandum of Understanding (MOU) with the Government of Maharashtra , followed by a ground breaking ceremony at the…
Cognizant enters into a 7 year, $ 330 million agreement with ING U.S.
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Cognizant has entered into an agreement with ING to create a centre of excellence (COE) for insurance & finance business process services. As a part of the agreement about 1000 ING US employees will join Cognizant to create the US based COE. The agreement with ING enables the Cognizant COE to offer comprehensive array of…
Corporate espionage via social media rampant in India Inc.: ASSOCHAM Survey
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Sandeep Girotra joins Ranbaxy as Global Head of HR
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Sandeep Girotra (ex Convergys) has taken over as Sr. Vice President and Global Head – HR for Ranbaxy. Sandeep is a graduate from TISS (Tata Institute of Social Sciences) and Hindu College. In his previous role he had a short stint with Convergys. He had joined Convergys last year in July 2011 as Head of…
Nokia may look at about 10000 job cuts across its operations by end of 2013
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Nokia, has announced a series of measures aimed at bringing better business focus, ensuring operational efficiencies and getting back to profitability. It has also announced the revamp of its leadership team. As a result of the planned changes announced today, Nokia plans to reduce up to 10,000 positions globally by the end of 2013. Towards…
Nokia announces changes in its leadership teams
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Espoo, Finland – Nokia today announced that it has appointed Juha Putkiranta as executive vice president of operations; Timo Toikkanen as executive vice president of Mobile Phones, Chris Weber as executive vice president of sales and marketing; Tuula Rytila as senior vice president and chief marketing officer; and Susan Sheehan as senior vice president of…
EQT VI to acquire Vertu from Nokia
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Espoo, Finland – Nokia has agreed terms for EQT VI, part of the leading private equity group in Northern Europe, to acquire Vertu, the global leader in luxury mobile phones, from Nokia. Nokia believes that this is the best option for the next step in Vertu’s journey of delivering excellence, enabling the brand to focus…
Reliance Retail hires Sanjay Jog as CHRO
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Reliance Retail has hired Sanjay Jog, as its Chief of HR. Sanjay had been with Pantaloon Retail as the Chief People Officer for last seven years and was a part of key leadership team working with Kishore Biyani. He has earlier been with leading corporates like DHL, Indian Hotels Group, Bharti Televentures, and RPG Enterprises.…
Welspun Energy to invest 5675 Crores in Karnataka’s Wind Energy Projects
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New Delhi, Delhi, June 13, 2012 : Welspun Energy Ltd. will be developing twin wind power projects in the state of Karnataka, within the next five years. The Independent Power Producer has been working toward developing a cumulative target of 1.7 GW of wind and solar energy projects. In the recently held Karnataka’s Global Investors…
JWT Singapore acquires majority stake in Hungama Digital Services in India
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JWT Singapore ( owned by WPP) would acquire a majority stake in Hungama Digital Services Pvt Ltd. India. Hungama Digital Services is the digital and promotions marketing division of Hungama Digital Entertainment Private Limited. Based in Mumbai, Hungama Digital Services was set up 13 years ago and its offerings include - strategic planning, web…
Super Religare Laboratories raises PE Funding of Rs. 370 Cr. from IFC and Jacob Ballas
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Super Religare Laboratories Ltd. (a Subsidiary of Fortis Healthcare) has secured a PE funding for Rs. 370 Cr. from International Finance Corporation (IFC) and NYLIM Jacob Ballas India fund. IFC , a World Bank investment arm would be investing Rs. 250 Cr. , while NYLIM Jacon Ballas India fund would be investing Rs. 120 Cr.…