Batelco Group Announces the Sale of its stake in STel India 8 February 2012: Batelco Group (Bahrain Telecommunications Co), the Middle Eastern regional telecommunications operator, today announced its agreement for the sale of its 42.7 % shareholding in STel Private Limited (STel), a mobile operator in India. This is a part of an earlier understanding…
Category: News
Nokia plans changes in its manufacturing operations
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Nokia plans changes to its manufacturing operations to increase efficiency in smartphone production. The changes are anticipated to impact approximately 4,000 employees in total. February 8, 2012, Espoo, Finland – Nokia has today announced planned changes at its factories in Komarom, Hungary, Reynosa, Mexico and Salo, Finland. The measures follow a review of smartphone manufacturing…
Yahoo Inc. reorganizes its board, Chairman to step down ..
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This news seems to be a part of an on going shake up of Yahoo Inc. that started with the resignation of the Yahoo co-founder Jerry Yang last month, and the appointment of the former eBay executive Scott Thompson as the CEO. Yahoo Inc., Chairman Roy Bostock and three other directors are expected step down…
Pfizer India to sell its animal health division.
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Pfizer Ltd. (Indian operations of Pfizer Inc.) board has approved the sale of its animal health division to a wholly owned unit for about Rs. 440 Cr. ($90 million). The move is seen to be a part of the U.S. parent’s aim of reorganizing its operations in a manner that will give it the most…
Volvo Eicher investing 125 Cr. in bus manufacturing plant near Indore.
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VE Commercial Vehicles Limited (Volvo Group and Eicher Motors JV) did the ground breaking ceremony of the upcoming Eicher bus manufacturing plant near Indore at Dhar, Madhya Pradesh on 6th Feb 2012. The plant is being set up with an investment of INR 125 Crores in the first phase and would commence production by 2nd…
Cognizant to enhance presence in Kochi
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Cognizant to augment its campus in Kochi: Cognizant, is expanding its operations in Kerala by leasing 15 acres of land at the Kochi Infopark campus. When fully completed, Cognizant’s new campus in Infopark Phase II will have the capacity to accommodate around 12,000 professionals. The first phase is being built at a cost of approximately…
Areva T&D India changes its name to Alstom T&D India
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Effective 31st Jan 2012, Areva T&D India Ltd. has changed its name to Alstom T&D India Ltd. This comes post acquisition of Areva’s transmission business by Alstom in June 2010. Areva T&D’s global business was acquired by a consortium of Alstom and Schneider Electric in June 2010. On 24th December 1011 board meeting the board…
Former Goldman Asia Chief Alireza is the new CEO for Noble Group
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Noble Group Ltd. named Yusuf Alireza, formerly co-president of Goldman Sachs Group Inc.’s Asia- excluding-Japan unit, as chief executive officer to lead Asia’s biggest commodity supplier. Mr. Yusuf Alireza will be appointed as Chief Executive Officer and a member of the Board of the Company with effect from 16 April, 2012. Richard Elman will step…
Dhanlaxmi Bank MD & CEO Amitabh Chaturvedi quits
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Dhanlaxmi Bank managing director and chief executive Amitabh Chaturvedi, who has been credited for turning around the bank since he took over in 2008, has quit. PG Jayakumar, currently the executive director of the bank, has been given the charge of MD and CEO. As per reports – a formal decision on the resignation is…
Falguni Nayar quits Kotak Investment Banking
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Falguni Nayar of Kotak Investment Banking (Kotak Mahindra Capital Company Ltd ) decided to move out as the managing director of the company to pursue entrepreneurial venture. Subsequent to her exit – Ms Shanti Ekambaram who is the President of Wholesale Banking and director on the board of KMCC, will additionally take on the responsibility…
Viom Networks Chairman Subodh Bhargava Quits
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It is reported that Mr. Subodh Bhargava, has quit as Chairman for Viom Networks. Viom Network, is an independent telecom infrastructure company with pan India presence. The company is a joint venture between Tata Teleservices and Quippo, a Srei Group Enterprise / Kanoria’s. In 2009, Quippo Telecom Infrastructure Limited (QTIL) announced its partnership with Tata…
Port Indigo launches Indian subsidiary..
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Port Indigo, Inc., a US-based leading mobile solutions company, has hired Kall Ramanathan as the Country Head for its India subsidiary. Kall Ramanathan has over 25 years of experience in IT services, ISP, Media and Telecom industries. As Country Head of India Operations, Kall’s primary focus will be to create and establish a strong brand…
Survival at Workplace & Career Growth
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Survival is not just about being the best or doing your best, its also about being good at people and relationship management. You may not be the best on the desired functional competency but if you have an excellent alignment with people around you, with people at key management positions you are sure to…
PepsiCo Said to Be in Talks to Recruit Former Wal-Mart Executive Cornell
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PepsiCo Inc. (PEP), set to announce a turnaround plan next week, is trying to recruit former Wal-Mart Stores Inc. executive Brian Cornell for a key job with the soda and snacks company, according to two people familiar with the discussions. The position would report directly to Chief Executive Officer Indra Nooyi and would be equivalent…
Mother Dairy plans expansion in South, West , other parts..
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Mother Dairy has been leading the milk and dairy products market in Delhi for a long time, and is proposing to build and enhance its presence in other geographies. The company is expected to roll out its plan for expansion soon and may set up in other parts of the country over next 2-3 years.…