Adani Power has appointed Vineet Jain as the Executive Director. His appointed comes post the resignation of Ravi Sharma (Whole-time Director & CEO). Vineet is a mechanical engineer and has spent over 20 years in the power sector. He has been with Adani group since 2006 and has been credited with some successful implementations of…
Category: News
Komli Media Raises US $39 Million in Funding Led by Norwest Venture Partners
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Tuesday, 12th June 2012, Mumbai, India – Komli Media, Asia Pacific’s leading media technology platform, today announced it has raised US $39 million, its largest financing to date. Norwest Venture Partners (NVP) led the financing with participation from Nexus Venture Partners, Helion Venture Partners, Draper Fisher Jurvetson, and Western Technology Investment. The funds will be…
RIL To Set Up Rs 3,300 Crore Unit in Devanahalli
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Mumbai, Maharashtra, June 11, 2012 — Karnataka ‘s GIM ( Global Investors Meet) ushered in investments worth Rs. 7.6 Lakh crore with the top notches nationally and internationally keen on investing here. Infotel Broadband Limited, a subsidiary of RIL (Reliance Industries Limited) signed a Memorandum of Understanding (MoU) with the government of Karnataka to set…
Pay data: 2012 short-term incentive predictions highlight patchy global business confidence
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Pay data released by Mercer on the use of Short-Term Incentives (STIs) countries has highlighted surprising indications of nascent business confidence in Western and Eastern Europe, Australia, New Zealand and Middle East. The data, taken from 21,000 companies in 62 countries also indicates a weakening in confidence for companies in Asia Pac, Latin America and…
Wipro BPO head Manish Dugar resigns, Manoj Punja to take charge
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Global head for Wipro’s business process outsourcing arm Manish Dugar has resigned. He would be replaced by Manoj Punja , presently the Head – Focus Markets & Global Sales. Manoj Punja will report to T.K. Kurien, Chief Executive of Wipro Technologies in the new role. Manoj Punja, in his role as Head – Focus Markets…
NIIT Technologies appoints Patrick Grubbs as Senior Vice President of Travel, Transport & Logistics Vertical
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New Delhi, Delhi, June 7, 2012 — NIIT Technologies Ltd. (NSE: NIITTECH), a leading IT solutions organization today announced the appointment of Patrick Grubbs as Senior Vice President for the Travel, Transport & Logistics (TTL) vertical at NIIT Technologies Inc. Most recently, Grubbs was the Vice President & Global Head of HCL AXON’s travel business.…
CSC Appoints New Members to Senior Management Team
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FALLS CHURCH, Va.–(BUSINESS WIRE)–CSC (NYSE: CSC) today (June 5, 2012) announced several appointments to its senior management team. The appointments by newly appointed President and Chief Executive Officer Mike Lawrie are a key step to executing the company’s turnaround strategy. Leadership appointments include: David Zolet, 51, as president North America Public Sector (NPS). Zolet has…
Google acquires QuickOffice
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Google has acquired Quickoffice for an undisclosed amount. The acquisition is being seen as a move to to bridge Google Apps & its mobile services aimed at business productivity. Quickoffice is known for its office productivity applications across the mobile platforms. Its office suite is available across platforms – Symbian, Android, iOS etc. , and…
Google is acquiring silicon valley startup Meebo !
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Meebo has announced its acquisition by Google on Monday, 4th June 2012. It is understood that Google is looking at adding to its social networking services through this acquisition. As a part of the agreement the Meebo team would integrate with Google Plus team. Meebo had started in 2005 as a instant messaging platform…
Frost & Sullivan: Favourable Growth Opportunities for the Environment Technologies Market in the Middle East
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Dubai, United Arab Emirates, Tuesday, June 05, 2012 : The current pace of economic development has unfolded significant opportunities for the Environment Market in the Middle East. Innovative best practices to stay ahead of the competition and grow remain the success mantra in an increasingly competitive atmosphere. In their quest for sustainable and green growth,…
GlobalOutlook Appoints Global CEO
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Dallas, TX (PRWEB) May 31, 2012 — GlobalOutlook, a leading secure cloud-based Business Communication Service provider today announced the appointment of Prabhakar Reddy as their Global CEO. The appointment follows the February announcement by Naya Ventures that the fund would be committing additional funds to expand the management team and grow the company’s international customer…
Kotak Mahindra Leadership Changes
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Kotak Mahindra Group announced senior leadership changes, effective July 1, 2012. Mr. TV Raghunath would take over as the Managing Director & Chief Executive Officer (MD & CEO) of the company (subject to regulatory approval). He will report to Ms. Shanti Ekambaram, Director, Kotak Mahindra Capital Company Ltd (KMCC) and Group President, Corproate & Investment…
Reliance Entertainment President Rajesh Sawhney Resigns
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Rajesh Sawhney has resigned from his position as President of Reliance Entertainment. Rajesh had been in this role for last 7 years (since October 2005). As a part of Reliance Entertainment – Rajesh Sawhney was a key member of the Reliance ADAG leadership team, and was responsible for leading and driving the group’s foray into…
Salesforce.com acquires BuddyMedia
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Salesforce.com (the leading enterprise cloud computing company) has entered an agreement to acquire social media marketing platform Buddy Media for approximately $689 million. BuddyMedia, was founded in 2007 by Michael Lazerow & Kass Lazerow. As per the company’s web site – “The Buddy Media social marketing suite helps brands build powerful connections globally with its…
Gregg Lowe Named President and CEO of Freescale Semiconductor
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AUSTIN, Texas – Jun. 5, 2012- Freescale Semiconductor has named Gregg A. Lowe president and CEO of the company, effective immediately. Mr. Lowe comes to Freescale from Texas Instruments where he served as senior vice president and manager of the Analog business. As part of the transition, the board has appointed J. Daniel McCranie as…