Paytm Payments Bank Ltd (PPBL) has reconstituted its board of directors by appointing four new independent directors, days after regulatory action by the Reserve Bank of India (RBI). The new appointments come weeks after the RBI barred PPBL from onboarding new customers and directed it to stop taking fresh deposits from existing customers over violations […]
As Indian IT services company Persistent Systems embarks on an ambitious growth strategy, it has brought on four new seasoned executives to strengthen its leadership team. Persistent has just added several industry veterans. Ayon Banerjee joined as Chief Strategy and Growth Officer from Boston Consulting Group, where he advised IT services companies on accelerating growth […]
Maruti Suzuki India, the local unit of Suzuki Corporation, has got a new CEO after ten years. Current CEO Kenichi Ayukawa will step down next week and his place will be taken by the current Joint MD Commercial, Hisashi Takeuchi. Takeuchi joined Suzuki Motor Corporation (SMC) in 1986. “With vast experience in the international operations […]
Emami Limited, one of the country’s oldest consumer brands, said its founders RS Agarwal and RS Goenka have stepped down from their managerial positions, and their sons Mohan Goenka & Harsha Agarwal will take over vice chairman and managing director respectively. Mohan Goenka is the eldest son of RS Goenka and Harsha Agarwal is the […]
Pune-based real estate developer Kolte-Patil Developers Ltd has introduced its second Group CEO in three months in the form of Rahul Talele, currently Business Head for Pune. It was on June 12 this year that the company had appointed Yashvardhan Patil as its Group CEO. At the time, Kolte Patil Chairman & MD Rajesh Patil […]
TVS Motor Co, one of India’s top motorcycle makers, said it appointed industry veteran Timothy Prentice as vice president in charge of design. Having started his career at Honda’s US-based R&D team, Prentice won the Red Dot award for designing electric motorcycle Mission R in 2010. Prentice has helped brands such as Triumph Motorcycles, Polaris, […]
Mid-size IT services firm Mindtree said it has appointed as Chief Operating Officer Dayapatra Nevatia, MD and Director of Delivery for Accenture’s Advanced Technology Centers in India. Dayapatra leads the delivery for Accenture’s entire portfolio, spanning system integration, digital, application outsourcing, infrastructure, and security services across industry groups, Mindtree said. “His vast industry experience along […]
A day after Tata Sons filed a plea in the Supreme Court against a decision by a statutory body restoring Cyrus Mistry as its chairman, subsidiary Tata Consultancy Services also filed an appeal seeking a stay on the reinstatement of Mistry as a director on the information technology company’s board. Tata Sons is the main […]
Subhash Chandra has resigned as the chairman of Zee Entertainment Enterprises, five days after his group sold another 16.5% stake in the company. “In light of the changes in shareholding, Subhash Chandra has expressed his intention to resign as Chairman of the Board with immediate effect,” the broadcasting company informed. “The Board accepted his resignation […]
BARC India, India’s top TV viewership measurement company, said CEO Partho Dasgupta has resigned, and will be replaced by Sunil Lulla, who was with Eros International Media and Balaji Telefilms before. BARC said Dasgupta had “relinquished his position” and moved on, indicating that it was a voluntary move. The change in leadership comes at a […]
Suparna Singh, the former head of NDTV convergence who was appointed as NDTV CEO in December 2017, has resigned from the top job, the news broadcasting company said. “Ms Suparna Singh has informed the company that she will step down from her responsibilities as interim CEO with immediate effect,” the company said, without going into […]
Veteran industrialist Rahul Bajaj has stepped down as the chairman and non-Executive director of investment firm Bajaj Holdings and Investment, and his cousin Niraj Bajaj has been appointed as the new non-executive chairman with effect from May 18. “Rahul Bajaj, vide his letter dated February 15, 2019, has tendered his resignation as the non-executive director […]
Suneel M Advani, Managing Director and Chairman of Blue Star and the son of its founder Mohan Advani, has stepped down and will be replaced by Shailesh Haribhakti. Haribhakti will assume charges from April 1, becoming the first professional, independent chairman in the history of the air conditioning company. Suneel Advani who took over the […]
Former Finance Secretary Dr. Hasmukh Adhia, credited with the effective implementation of demonetization two years ago, was on Friday appointed as the Non-Executive chairman of the Bank of Baroda for a period of three years. “The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Financial Services for the appointment […]
Infosys said it has paid Rs 34.35 lakh to settle the investigation into the incident of the company paying over Rs 17 cr as severance pay to Rajiv Bansal, who resigned as its finance head in October 2015. There have been allegations, including from the side of founder Narayana Murthy, that everything was not well […]
Syngene International Ltd, the contract research unit of Biocon, announced the resignation of its chief operating officer Manoj Nerurkar. It said Nerurkar, who has been with the COO of the company for nine years, will step down to an advisory role from October to pursue “an external start up opportunity outside of contract research services”. […]
Bharti Airtel has integrated its enterprise and carrier businesses and appointed Ajay Chitkara, the current CEO of Global Business, to head the combined operation. Airtel said the integration of the global business with its enterprise unit will help it “leverage its global reach and deep relationships” for the benefit of its enterprise customers. “Under Ajay’s […]
ICICI Bank said it did not ask its managing director, Chanda Kochhar, to go on leave nor has it appointed any search committee to find her successor. “She is on her annual leave which was planned in advance,” it said in response to media queries. The bank’s stock has been trading up by about 2.5% […]
Adani Group said it appointed Anil Sardana, who stepped down as Tata Power CEO three months ago, as the new CEO of its power transmission and distribution business just as it gets ready to take on the Tatas in Mumbai. Two months ago, Adani announced an agreement to purchase the transmission and distribution business of […]
Anil Ambani today praised his son Anmol Ambani for bringing about a “cultural change” in his business group, and said the 26-year-old has been added to the director boards of two more of his group companies. Anmol Ambani will join the director boards of Reliance Nippon Life Asset Management and Reliance Home Finance. It was […]
