The BMW Group has increased its investment in BMW Financial Services India to 5.3 billion Indian Rupees (US $ 106 million) in 2012 from 2.3 billion Indian Rupees (US $ 50 million) in 2010. Mr. Dan DeChristopher, Managing Director and Chief Executive Officer, BMW Financial Services India said, “In less than two years, BMW Financial…
Category: News
Future Group Demerges Pantaloons Retail Format from Flagship Company Aditya Birla NUVO to Invest in Pantaloons Format
by •
Mumbai, April 30, 2012: Future Group today announced the intent to execute a full demerger of Pantaloons retail format from Pantaloon Retail India Limited [PRIL]. On completion of the demerger process, subject to necessary and statutory approvals, the demerged entity will be automatically listed in the National Stock Exchange and The Stock Exchange, Bombay. The…
AstraZeneca CEO David Brennan Quits
by •
AstraZeneca has been facing a slump in sales following the loss of patent cover on antipsychotic Seroquel last month. Some of its best selling drugs – Nexium and Crestor would be loosing their patent protection in 2014 and 2016 respectively. While the company’s profits have fallen by 19 % in the first quarter the company…
iYogi is Recruiting 1,000 Tech Support Engineers to Launch On-site Tech Support Services in the United States
by •
Gurgaon, Haryana, India, Tuesday, April 24, 2012: iYogi, the leading independent provider of on-demand remote tech support services, today announced the launch of Business NonStop, a platform to recruit and deploy local on-site tech support engineers with skills across a broad range of technologies including computers, networks, consumer electronics and security products. With the launch…
Religare Health Insurance plans investment and aggressive hiring
by •
HCL Technologies Announces Appointment of Prithvi Shergill as the Global Head of HR
by •
Noida, India, April 19th, 2012: HCL Technologies Ltd. today announced that Prithvi Shergill has joined the company as Corporate Vice President and Global HR Head. He will be based in Bangalore, India. "I am pleased to welcome Prithvi to lead our HR organization as we move to the next stage of the Employees First transformation…
@WalmartLabs Expands India Operations
by •
BANGALORE, India, April. 17, 2012 – Wal-Mart Stores, Inc. (NYSE: WMT) today announced that @WalmartLabs operation is expanding in Bangalore with the hiring of 100 additional developers and a move into a new facility. @WalmartLabs, a unit of Walmart Global e-Commerce, is the company’s hub for creating platforms and products around social and mobile commerce.…
Wipro Appoints Suchira Iyer as Chief Marketing Officer, IT Business
by •
Tuesday, April 17, 2012: Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT) today announced the appointment of Suchira Iyer as its Chief Marketing Officer, IT Business. Suchira will report to TK Kurien, CEO, IT Business and Executive Director, Wipro Ltd. Rajan Kohli, after a two-year stint as the…
BASF to invest in new chemical production site in Dahej, India
by •
Mumbai, India – April 11, 2012 – BASF India Limited will invest €150 million to set up a new chemical production site at the Dahej Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR), located on the west coast of India in Gujarat. The new site will be an integrated hub for polyurethane manufacturing and will also…
Loop Telecom to wind up operations
by •
Loop Telecom, is next in line of the operators winding up their operations post cancellation of 2G licenses by the Supreme Court. Earlier S-Tel, and Etisalat decided to wind up their operations. Loop Telecom would however maintain its operations in Mumbai, where in it has a separate license held by Loop Mobile and has a…
Best Buy CEO resigns, interim CEO appointed
by •
Best Buy, the leading electronics retailer has announced the resignation of its CEO of 28 years , Brian Dunn. The company has of late been struggling to keep up with competition from online retailers. The company has once held a strong positioning as a off line retail giant. Recently , as a part of its…
Citi India Appoints Jane Ong as Head of Corporate Affairs
by •
Citi India has announced the appointment of Jane Ong as the Head of Corporate Affairs for Citi South Asia. In this capacity, Jane will be responsible for media relations, managing external and internal communications as well as Citi’s Citizenship portfolio. She will report to Pramit Jhaveri, CEO, Citi India. Pramit Jhaveri, CEO Citi India said,…
Sony Corp. to cut 10000 jobs
by •
Sony Mobile Communications Announces New Leadership
by •
Kunimasa Suzuki named new President and CEO and Bert Nordberg to become Chairman of the Board Sony Mobile Communications has announced that Kunimasa Suzuki has been named President and CEO of Sony Mobile Communications, effective 16 May 2012, and Bert Nordberg, currently President and CEO, will step down from the leadership of the company. Bert…
Fullerton India leadership appointments
by •
Fullerton India Credit Company Ltd, one of India’s leading Non-Banking Finance Companies (NBFC), has some new faces in at leadership and senior management level. Anand Natrajan, joins as Executive Vice President & Chief Operating Officer with responsibility for finance, treasury and business operations. He has earlier been with Standard Chartered for about 25 years in…