IFFCO-Tokio General Insurance Company has appointed Mr. Yogesh Lohiya as the MD & CEO. Yogesh succeeds Mr S. Narayanan, who attained superannuation. Prior to this – Mr Lohiya served as Chairman and Managing Director of General Insurance Corporation of India. He had been the Chairman & MD for GIC…
Category: News
Vineet Nayar appointed JMD of HCL Tech for 5 years
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HCL Technologies Ltd has appointed Mr. Vineet Nayar as the Joint Managing Director (JMD) of the India’s fourth largest locally-listed software exporter company, in a meeting of the Board of Directors of the Company held on May 14, 2012. However, it is subject to the approval of the Shareholders, HCLT informed The Bombay Stock Exchange…
Yahoo! Names Fred Amoroso Chairman and Appoints Ross Levinsohn Interim CEO
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Board Announces Settlement with Third Point LLC May 13, 2012, SUNNYVALE, Calif. — Yahoo! Inc. (NASDAQ: YHOO) today announced that the Board of Directors has named Fred Amoroso as Chairman of the Board of Directors and Ross Levinsohn as interim Chief Executive Officer, effective immediately. The Company also announced that its Board has reached an…
Yahoo Inc. – 4 month old CEO Scot Thompson quits …
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Scott Thompson has quit Yahoo as the CEO after a four month stint. In the first week of May , he had been accused by an investor activist – Daniel Loeb for adding false credentials in his resume regarding his college degree. Loeb is the CEO of Third Point LLC, one of the largest share…
HCL Technologies and Consumers Energy Agreement Brings New Technology Center to Michigan
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300 New Local Jobs to Be Created with Help from State of Michigan Sunnyvale, Calif. and Jackson, Mich., May 11th, 2012 – HCL America, Inc., a wholly owned step-down subsidiary of HCL Technologies Ltd. (HCL), a leading global Information Technology (IT) services provider, and Consumers Energy, the 4th-largest U.S. electric and natural gas company, today…
Sequoia Capital to invest 100 cr in Moolchand
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New Delhi-based Moolchand Healthcare Pvt. Ltd has raised Rs.100 crore from venture capital and private equity investor Sequoia Capital in lieu of a minority stake. Moolchand has plans to invest Rs.500 crore over three-to-five years for expanding its hospital in Delhi, build more hospitals in the National Capital Region, acquire hospitals across India, and set…
Ybrant Digital to buy three of Experian’s businesses for US $175 Million
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Hyderabad, May 10, 2012: Ybrant Digital, a leading global digital marketing company announced today that it has entered into an agreement to purchase PriceGrabber, LowerMyBills, and ClassesUSA.com. Experian, the global information services company, announced the news simultaneously in London today on an agreement to sell PriceGrabber, its price comparison shopping business which powers Yahoo! and…
Miles Young to succeed Shelly Lazarus as Chairman – Ogilvy & Mather
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Ogilvy & Mather, at its Board meeting in São Paulo, Brazil, announced that Shelly Lazarus, Chairman of Ogilvy & Mather from 1997, will step down and move into the role of Chairman Emeritus, effective July 1, 2012. Miles Young, CEO, will succeed her, in her role as Chairman. At the same time, two new directors…
Komli Media appoints Rajesh Ghonasgi as CFO & Anjali Shrivastava as Global Head HR
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Komli Media one of Asia Pacific’s leading media technology company has announced the appointment of two executives to its leadership team: Anjali Shrivastava as the VP & Global Head of Human Resources (HR) and Rajesh Ghonasgi as the Chief Financial Officer (CFO). Shrivastava will be responsible for planning and driving Komli Media’s people- and culture-related…
Global Vectra directors Swati Rishi, Bhaskarudu resign
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Global Vectra Helicorp Ltd (GVHL), a company under the Vectra Group, which has been quite in news recently due to a CBI probe in connection with the sourcing of Tatra trucks to the Indian armed forces, has received resignation from two of its directors. The company announced today that R S S L N Bhaskarudu…
SKS Microfinance to shut 78 branches in Andhra Pradesh, to impact 1200 employees
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SKS Microfinance would be shutting 78 branches in Andhra Pradesh. This has been disclosed in its stock exchange filing, and the move is expected to impact about 1200 of its employees. The company employs over 3400 across 180 branches in AP. The move is driven by business situation in Andhra, and the company may be…
Exodus of senior management execs at Welspun Group
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MUMBAI: Mumbai-based Welspun Group, led by BK Goenka has recently witnessed many exits at top level. Incidentally, most of the people who left or have put in their papers have spent just a year or less than that in the $4-billion business group. Short profile of some of the people at key positions: Mr. Sunil…
Prahlad Shantigram quits Standard Chartered as its global Head – M&A
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Prahlad Shantigram the global head – mergers & acquisitions for Standard Chartered is reported to have quit. Prahlad operated out of Singapore and is credited to have successfully lead the investment banking operations for the bank. He is credited to have lead the banks initiative to facilitate the approx. $ 10 billion – Bharti’s acquisition…
eBay to hire 1000 for its proposed development centre in Bangalore
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eBay Inc. plans to open a new development centre in Bangalore, and would be hiring about 1000 employees for the same over a period of next three years. The proposed facility would be housing the eBay as well as PayPal teams – and would add on to eBay’s present team of about 2000 employees operating…
HCL Infosystems Appoints Neeraj Jaitley as President of Enterprise Solutions
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New Delhi, Delhi, India, Tuesday, May 08, 2012 : HCL Infosystems Ltd, India’s premier Hardware, Services and ICT System Integration Company today announced the appointment of Mr. Neeraj Jaitley as President of Enterprise Solutions for HCL Infosystems Ltd. He will be leading the company’s B2B businesses that cater to the needs of government and enterprise…