Category: News

Tata Motors appoints Ravindra Kumar G.P as its President & Chief Human Resources Officer.

Tata Motors on Wednesday announced the appointment of Ravindra Kumar G.P as its President & Chief Human Resources Officer. “Ravindra will oversee all human resource operations for Tata Motors, effective December 17, 2018. He will report into Mr. Guenter Butschek, CEO Tata Motors and will be a member of the Executive Committee.” the company said…

Ola invests $100 million in scooter-sharing start-up Vogo.

India’s leading ride-hailing company Ola has decided to invest an additional $100 million in scooter-sharing startup Vogo, this new funding will help the firm to expand its current fleet. The scooter-sharing startup started its service eight months ago with 2000 scooters in Bengaluru and Hyderabad, now with this new funding, the firm can acquire 100K new scooters that…

IDFC Bank and Capital First merged to form IDFC First Bank, appoints V Vaidyanathan as MD and CEO.

IDFC Bank Ltd. and Capital First Ltd. today announced the completion of merger following the approval of shareholders and regulators. The merged entity will be called IDFC First Bank, subject to shareholders’ approval. V Vaidyanathan, Founder and Chairman of Capital First will be the Managing Director and Chief Executive Officer of the merged entity. He…

Tata Motors’s subsidiary JLR likely to slash 5,000 jobs.

Tata Motors’s subsidiary Jaguar Land Rover Limited is likely to cut jobs next year as part of its £2.5 billion cost-saving plans. However, the UK-based luxury carmaker declined to comment on reports. After a loss of £90 million in the three months to September, hit by falling sales in China and Europe, JLR started focusing on improving profitability and cashflow.…

Hitachi Acquires ABB’s Power Grids Business.

  Hitachi, Ltd. the Japanese multinational conglomerate company headquartered in Tokyo, today announced that it has decided to acquire the world-leading power grids business from Switzerland based ABB Ltd and has signed an agreement with ABB. The firm plans to initially acquire an 80.1% stake in the Power Grids business and expects to close the acquisition…