DBS Bank Ltd infuses about Rs. 500 Crore of fresh capital to fuel its India operations. The company, plans to keep its focus on corporate banking including wealth management services. As per Sanjiv Bhasin, chief executive officer of DBS Bank India – “This capital infusion should take care of our business expansion needs for the…
Category: News
Advent International invests $ 105 Million in CARE Hospitals
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Mumbai, 2 April 2012 – Advent International, one of the world’s leading global private equity firms, today announced a partnership with the founders of CARE Hospitals (“CARE”). Advent will invest USD 105 million (INR 523 crore) of equity capital in CARE by acquiring shares from some of the existing investors and injecting additional capital into…
Canon appoints new President & CEO for Europe, Middle East and Africa
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LONDON, April 2, 2012 – Canon, world-leader in imaging solutions, today announced the appointment of Rokus van Iperen as the new President & CEO of Canon Europe, Middle East and Africa (EMEA). He becomes the first European to lead Canon’s business across the EMEA region, succeeding Ryoichi Bamba, who is retiring after four years in…
Matthew Vallance steps down as the Managing Director and CEO for Firstsource
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It is reported that Matthew Vallance has stepped down as the Managing Director and CEO of Firstsource Solutions Ltd. Firstsource, is one of the leading business process outsourcing firms with a network of 48 delivery centers spread across US, UK, Philippines, India and Sri Lanka. The company established in 2001 has over 30,000 employees and…
IAC Group Names James K. Kamsickas Global Chief Executive Officer
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International Automotive Components (IAC) Group has appointed James K. Kamsickas as Chief Executive Officer (CEO), effective April 15, 2012. Kamsickas previously served as global co-chief executive officer and president of North America and Asia. Jens R. Höhnel, who served as global co-chief executive officer and president of Europe, is retiring after more than 40 years…
CA Technologies Appoints Sunil Manglore as Vice President
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Mumbai, Maharashtra, India, Monday, April 02, 2012 : CA (NASDAQ: CA) Technologies today announced that industry veteran Sunil Manglore has been appointed Vice President, CA Technologies, India. Bringing more than 20 years of IT and Telecom experience to the company, Sunil reports in to Lionel Lim, president and general manager of Asia Pacific, CA Technologies.…
HSBC India appoints Stuart Milne as CEO
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HSBC has appointed Stuart Milne as its CEO for India business. He succeeds Stuart A Davis. Stuart has earlier been the country manager for HSBC Japan. He has been with HSBC since 1981, and has worked in diverse geographies during his earlier stints – Europe, the Middle East, the United States and Asia. HSBC is…
Gautam Kiyawat to join Madison Media as Group CEO
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It is reported that Gautam Kiyawat would be joining Madison Media as Group CEO. He would be taking over the position left vacant by the exit of Punitha Arumugam. Earlier in March, it was reported that Punitha had submitted her resignation and was expected to move out by end of March 2012. There had been…
Aditya Birla retail may shut some of its supermarket stores…
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Aditya Birla Retail (ABRL) may plan to shut down some of its loss making and non productive stores towards ensuring better profitability of the company. It is learnt that the company has initiated the process of closure of some of its outlets and there is more to come. The process is also expected to lead…
Yahoo layoffs to hit next week ..
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Yahoo Inc. may be laying off a number of employees as a part of major organization restructuring. The layoffs could impact thousands of employees and may kick off starting next week. It is reported that the job cuts would mostly impact the product, research and marketing units of Yahoo. The layoffs and re structuring would…
Kirti Vagadia assumes CFO responsibilities, replacing Robin Banerjee – Suzlon Energy
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Pune: 30th March 2012 – Suzlon Group today announced that Kirti Vagadia is assuming full CFO responsibilities as Robin Banerjee leaves the company to take up a new position outside the Group. Suzlon Group’s Chairman, Tulsi Tanti, said: “Kirti Vagadia has been overseeing this function at a Group level, so as we look to streamline…
KKR (Kohlberg Kravis Roberts) India appoints Tashwinder Singh as Director
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Kohlberg Kravis Roberts & Co. L.P. (together with affiliates, “KKR”) has appointed Tashwinder Singh as Director of KKR India based in Mumbai. Mr. Singh joins KKR after serving over 18 years at Citigroup India. Leveraging his commercial and private banking experience where he advised promoters, Mr. Singh will identify and develop strategic partnerships to grow…
Citi India appoints Sameer Kaul as Head of Citi Private Bank
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Citi India has appointed Sameer Kaul as the Head of its Private Bank. Launched in 2005 in India, Citi Private Bank (CPB) has grown to be one of the leading wealth managers in India. Most recently, Sameer was the Head of Retail Branch Banking business in India where he ran Citi’s network of 42 branches…
Alexander Hughes, European Executive Search firm sets its India office with Pankaj Dutt as Country Head
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New Delhi, India: Alexander Hughes, an European leader in executive search has established its presence in India, by acquiring a local executive search company with an existing portfolio of Indian and MNC clients. The Indian operations of the firm would be led by Pankaj Dutt, who has been appointed as the Country Managing Partner and…
McDonald’s CEO Jim Skinner to Retire – Don Thompson would be the new CEO
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McDonald’s Corporation (NYSE: MCD) today announced that Vice Chairman and Chief Executive Officer Jim Skinner has informed the Board of Directors of his decision to retire after 41 years with the Company, effective June 30, 2012. Oak Brook, Illinois, March 26, 2012 — McDonald’s Corporation (NYSE: MCD) today announced that Vice Chairman and Chief Executive…