South Indian Bank announced the appointment of Benny P Thomas to its Board of Directors, effective December 30, 2021. According to the bank’s exchange filing, “we hereby inform that Mr. Benny P Thomas (DIN 09448424) has been appointed by the Board of the Bank as additional non-executive director w.e.f. December 30, 2021.” Benny P. Thomas,…
Tech Mahindra announced the acquisition of 100% stake in Allyis India Private Limited and Green Investments LLC. According to the company’s exchange filing, “we wish to inform that the Company approved the proposal to acquire 100% equity shares in Allyis India Private Limited and the Company’s wholly owned subsidiary viz., Tech Mahindra (Americas) Inc. approved…
Dematic, the Atlanta (USA)- based global leader in Intralogistics automation, has appointed Biswajyoti Mandal to lead its India operation, according to ETAuto report. Biswa, as he’s more popularly known, leaves Schaeffler India, after about four years in the company, where he was responsible for evolving and maintaining technology solutions, and providing technology support to new…
Hindustan Petroleum Corporation Limited announced the appointment of Dr. Nagaraja Bhalki as Independent Director on the Board of the company, effective December 30, 2021. According to the exchange filing, “we write to inform that Administrative Ministry i.e. Ministry of Petroleum and Natural Gas (MoP&NG) vide letter Ref.No. CA-31033/2/2021-PNG (39069) dated December 27, 2021 has advised…
Paper maker NR Agarwal Industries Limited has appointed Deepankar Rai as Chief Financial Officer, according to ETCFO report. His appointment is effective from December 27, 2021, according to a statement. Rai is a Chartered Accountant, Company Secretary and MBA with over 22 years of experience.
Bharat Gears Limited, a global manufacturer and exporter of Gears and Furnaces, announced the appointment of Bharat Nanda as a Non-Executive Independent Director of the company, effective December 29, 2021. According to the exchange filing, “this is to inform that the Board of Directors of the Company through its resolution passed through circulation on December…
Peak, a UK-based Decision Intelligence company, announced it has appointed Preeti Ahuja as Head of People, India, according to ETHRWorld report. Prior to this role, Ahuja was associated with GO MO Group AB as Head of People. She has also worked at Alfa Laval, Lear Corporation, Emerson, GemStone Systems (now VMware), and Larsen & Toubro.…
Elon Musk led rocket company SpaceX has raised over $337.4 million in equity financing, according to the Reuters report. The startup had raised about $1.16 billion in equity financing in April. Backed by Alphabet Inc and Fidelity Investments, SpaceX hit $100 billion in valuation following a secondary share sale in October, according to CNBC. The…
Hindustan Aeronautics Limited announced the appointment of Divya Gupta to its Board of Directors. According to the company’s exchange filing, “we would like to inform that Ministry of Defence, Department of Defence Production, Government of India vide Letter No. 49016/02/2021-D(HAL-III) dated 28th December, 2021 received on 29th December, 2021, has appointed Dr. Divya Gupta (DIN:…
Firstsource Solutions Limited, a global provider of business process management (BPM) services and a RP-Sanjiv Goenka Group company, announced it has entered into an agreement to acquire American Recovery Services, Inc. (ARSI), a nationwide legal collections network headquartered in Southern California. The acquisition enhances Firstsource’s leadership in consumer debt management services by adding legal stage…
Bharat Heavy Electricals Limited announced the appointment of Aditya Prasad Sahu as an Independent Director to its Board, effective 29th December, 2021. According to the exchange filing, “it is informed that Shri Aditya Prasad Sahu has been appointed as Independent Director on the Board of BHEL w.e.f. 29.12.2021, for a period of three years, from…
Texmaco Rail & Engineering Limited, an engineering and infrastructure company, announced the appointment of Partha Sarathi Bhattacharyya as an Additional Director to its Board, effective 1st January, 2022. According to the company’s exchange filing, “We write to inform you that the Board inter – alia, approved the appointment of Mr. Partha Sarathi Bhattacharyya (DN: 00329479)…
Hindustan Media Ventures Limited announced the appointment of Sameer Singh as an Additional Director to its Board, effective December 28, 2021. According to the company’s exchange filing, “the Board of Directors, in compliance with the applicable provisions of the Companies Act, 2013 and SEBI LODR, have on 28th December, 2021, approved the appointment of Shri…
Coal India Limited announced the appointment of S. K. Mehta as Chief Financial Officer of the company, effective January 01, 2022. He succeeds S. Ghatak Choudhary, who is retiring from the role, effective from January 01, 2022. Sunil Kumar Mehta joined Coal India Limited HQ, Kolkata in 2013 on promotion to Chief Manager (Finance) and…
Mahindra & Mahindra Limited announced the acquisition of 31.2% equity share in ReNew Sunlight Energy Private Limited (RSEPL) for Rs 16.07 crores. According to the company’s exchange filing, “We refer to our letter dated 6th July, 2021, informing that the Company had entered into a Share Subscription and Shareholders’ Agreement (“SSSHA”) with ReNew Sunlight Energy…