It is reported that ITL (International Tractors Limited), one of the top three tractor manufacturers in India, would be investing about 100 Cr. towards augmenting its production facility in Hoshiarpur, Punjab. The capacity augmentation is expected to enable the Hoshiarpur plant to double its production to up to 100,000 units per annum. Presently the company…
PepsiCo, the leading snack and beverage company has announced the following changes in its top team: Brian Cornell, the former Wal-Mart Stores Inc. senior executive would be heading PepsiCo Americas food division, the company’s largest business globally. Last year this business unit generated $ 23 Billion as revenue, a third of its global revenue, and…
Ceat Ltd, India’s fourth largest tyre maker has announced the appointment of Anant Goenka as the new Managing Director of the company for five years with effect from April 1, 2012. Anant, is presently the Deputy Managing Director of the company. The incumbent Managing Director Paras K Chowdhary will be retiring from the role but…
We have been going through unconfirmed reports through various sources hinting at a management change & structural rejig of top team at PepsiCo. Though the timelines for these changes and announcements are not clear at this stage – as per one such report it appears that the global food and beverage giant PepsiCo may announce…
L&T – India’s leading diversified conglomerate and a with interests in infrastructure, engineering, manufacturing, construction, technology and financial services – has announcement changes in its top management structure. The board of directors have decided to bifurcate the roles of Chairman and Managing Director, effective from April 1. As per the new structure, Krishnamurthi Venkataraman has…
Vodafone India, one of the leading telecom players in the Indian telecom market has announced changes in its top management. Subsequent to the changes – Sunil Sood, has taken over as the new COO (chief operating officer) of the company. Sanjoy Mukherjee would be the chief commercial officer (CCO).
Carnation Auto, has closed a 2nd round of funding totalling Rs. 85 Crore from Gaja Capital Partners, a Mumbai-based private equity fund. This new round of funding will enable the company to further consolidate its pioneering independent multi-brand auto solution network and scale up its successful certified used car program across India. Speaking on the…
Honda Motorcycle and Scooter India (HMSI), will be setting up its fourth plant in Karnataka. It is learnt from sources that Honda has received the necessary approvals to set up its manufacturing facility at Narsapur in Kolar District, near Bangalore. HMSI, has its plants in Manesar (Gurgaon, Haryana) & Tapukara (Alwar, Rajsthan). Its third plant…
As per a company release – Sanjiv Ahuja steps down as CEO of Lightsquared. The CEO step down and is seen as coming in wake of some regulatory issues that could impact the wireless venture’s plan to roll out its new fourth-generation network in the US. LightSquared’s is aiming at creating the first-ever, wholesale-only nationwide…
Panasonic Corp, is appointing its senior executive Kazuhiro Tsuga as the President of the company. Kazuhiro, would be replacing incumbent President – Fumio Ohtsubo, who is expected to step down following forecast of huge losses to the tune of up to $ 9 Billion. Tsuga, 55, has been at the company for more than three…
NourishCo Beverages Ltd. , a joint venture between PepsiCo & Tata Global Beverages has appointed Pratik Pota, as the chief executive officer of the company with immediate effect. Pratik takes over from incumbent Punita Lal. In his earlier role, Pratik had been heading the South Business Unit for PepsiCo, from May 2008. Pratik, is a…
NetApp has appointed Anil Valluri as President – NetApp India Marketing & Services Private Limited. In this role Anil will oversee NetApp sales, marketing and services operations in India and SAARC region. Anil , is an accomplished IT leader with over 25 years of Industry experience, Anil joins NetApp from Artiman Ventures, a USD 750M…
Mr. Rahul Bhatia, Group Managing Director, InterGlobe Enterprises, the country’s foremost travel conglomerate, has been named as the Ernst & Young Entrepreneur of The Year 2011. Seven other successful entrepreneurs received these coveted awards across various categories at a magnificent celebratory banquet attended by over 400 of the country’s foremost business leaders here today (23…
Google, would be replacing the present CEO of Motorola Mobility – Sanjay Jha. Sanjay had joined Motorola Mobility in 2008, and is credited to have been “a driving force behind the turnaround of the Mobile Devices business and its subsequent combination with the Home business”. The turnaround enabled Motorola to spin off Motorola Mobility on…
Working in a start-up can be a great way to start your career, as well as to take on lots of learning’s in a small span of time. As on date, every day you have a number of start-ups springing up specially in the areas of technology, mobile media, e-commerce, internet, digital media etc. A…