Honda Motor Co, has recalled the India CEO – Takashi Nagai and and the Marketing Head – Seki Inaba, of HSCI – Honda SIEL Cars India. Honda has ben struggling in recent past, and the sales of its largest selling City sedan has been falling, giving away the market to Hyundai ,Volkswagen and others. The…
Achal Agarwal, has been promoted as President – Asia Pacific Region for Kimberly-Clark. The promotion comes along with plans for business restructuring at Kimberly Clark, which leads to the integration of the company’s North and South Asia regions into a single Asia Pacific model. Achal’s new role is effective March 2012. Achal would be leading…
Anuranjita Kumar, has been elevated as India HR Head for Citigroup. She would be replacing Stephen Cronin, who would move to a global role. A statement from Citi India Chief Executive Pramit Jhaveri on the appointment – “With over 17 years of experience at Citigroup, Kumar has a proven track record as a highly effective…
Seems that its going great for business executives in India, specially for those who have hit the CxO, CEO levels. The average compensation of a CEO in India has crossed the Rs. 2 crore mark on a CTC basis. This is as per Hay Group top executive compensation report 2011 – 2012. For more complex…
Etisalat, may be next in line on exit path post the cancellation of 2G licenses. This reports comes immediately after the announcement by S-Tel , to shut its operations. Earlier Batelco, had pulled the plug on S-Tel, and decided to sell out its stake in the company to the Indian promoters. Etisalat, had entered the…
Johnson & Johnson – Chairman of the Board and Chief Executive Officer, William C. Weldon (Bill Weldon) will step down as the CEO. It is reported that Alex Gorsky, Vice Chairman of Johnson & Johnson’s Executive Committee and head of pharmaceuticals for Europe, Middle East and Africa would take over in Weldon’s place as CEO.…
Steinbach & Partner, a global executive search firm and an HR advisory company, has set up its India office as a fully owned subsidiary – Steinbach and Partner Executive Consultants India Private Limited. The India Business, would be headed by Ramgopal Rao, who is partner of Steinbach & Partner International and President & Country Head…
S-Tel, seems to be one of the first telecom operators to pull the plug post the supreme court verdict on 2G licenses. The company has been amongst the telecom operators impacted by the supreme court ruling earlier in Feb 2012, related to cancellation of 122 telecom licenses issued on or after January 10, 2008. S-Tel,…
Xerox India has appointed Rajat Jain as Managing Director for India operation’s. The appointment is effective February 20. He will replace Konstantin Klein who had taken charge of Xerox India last August. Rajat has a career spanning over 25 years, in consumer, media, entertainment, telecom and technology space. He was previously associated with Mobile2Win, Walt…
Hitachi Consulting, the IT and management consulting solutions arm of the $112 billion Hitachi Ltd would be adding up manpower in its Hyderabad Global Development Centre to increase the head count from 1600 to about 4000 over next five years. (Source: Economic Times) The client base of Hitachi Consulting, comprises a wide range of industries…
Tata Power, India’s largest private power company, which is developing a 25 MW solar photovoltaic (PV) power project under Gujarat’s Solar Power Policy 2009, through its subsidiary, Tata Power Renewable Energy Limited, has announced the successful commissioning of its project on 25th January 2012. Spread over 100 acres of land, the solar plant is located…
Silicon Image, a US based company in the areas of wireless and wired HD connectivity solutions, today announced the opening of its newest research and development (R&D) center in Hyderabad, India. The facility opened on January 27, 2012, is located in Hyderabad’s technology hub and focuses on the design and development of semiconductor and IP…
Kellogg’s would be acquiring snack brand Pringles from Proctor & Gamble Co – for $2.7 billion. Following this deal Kellogg’s would be amongst the leading players in the global snack market, second only to PepsiCo.
Sushobhan Sarkar, has been appointed as Managing Director, Life Insurance Corporation (LIC) with immediate effect. Mr Sarkar joined LIC in 1978. Prior to his elevation, he was Executive Director (International Operations) handling LIC’s global business.
Sanjay Viswanathan, has resigned from the post of CEO & Managing Director of Sonata Software. He was appointed as CEO and MD of the company in August 2011 after the resignation of B Ramaswamy. It is reported that the reasons for Viswanathan exit was personal. Srikar Reddy, appointed as the new CEO & MD: The…