19 Apr 2011: HDFC Bank appoints Rakesh Singh as head of i-banking
HDFC Bank said it has appointed Rakesh Singh as Head of its Investment Banking division.
Singh, who was earlier the Managing Director and Co- Head of Financing Advisory at Rothschild, will be responsible for building loan syndication, project financing, corporate finance and advisory and debt and equity capital markets business. He will report to Mr. Harish Engineer, Executive Director.
Singh, who was earlier the Managing Director and Co- Head of Financing Advisory at Rothschild, will be responsible for building loan syndication, project financing, corporate finance and advisory and debt and equity capital markets business. He will report to Mr. Harish Engineer, Executive Director.
18 Apr 2011: GenNext leaders to lead Infosys' independent business units on way to bigger roles
Infosys is searching for leaders who can step into the shoes of its founding fathers. The head of the nomination committee, Jeffrey Sean Lehman , a Cornell University professor who is an independent director, said Infosys was looking for executives capable of matching the founding fathers. These next generation leaders would be placed in large, independent business units enabling the company to gauge their capabilities. Some would also be inducted on the company's board.
By 2016, the last of the seven men who set up the company that has become the embodiment of India's prowess in information technology, will step down from all executive positions.
By 2016, the last of the seven men who set up the company that has become the embodiment of India's prowess in information technology, will step down from all executive positions.
15 Apr 2011: Infosys recasts management for bigger bite of retail, banking & healthcare
In the middle of its biggest management transition ever since Infosys was founded, the company is aiming for a larger share of revenue from retail, banking and healthcare customers by shifting the roles of leaders handling multiple business units.
During the past few quarters, Infosys' telecom, large deals group and computer infrastructure management units have lagged peers, raising questions about whether the company should continue to have its top leaders handle more than one portfolio.
15 Apr 2011: Infosys board inducts former Microsoft chairman Ravi Venkatesan Former Microsoft India
Chairman Ravi Venkatesan was inducted into the board of directors of IT major Infosys as an additional director of the company with immediate effect.
Venkatesan would hold office up to the date of the annual general meeting in June when his appointment as a director would be placed for approval of the shareholders.
15 Apr 2011: Attrition up 55 per cent in India's BPO sector
Attrition in Indian BPOs has increased to 55 per cent in the last four months mainly due to erratic working hours and perceived lack of long-term career growth in the sector. Besides, the industry is facing serious challenges like shortage of skilled and educated workers, the Assocham study said.
BPO sector is facing stiff competition from the likes of Mexico, the Philippines, Malaysia, China, Canada and Ireland, which is posing a grave threat to its growth.
15 Apr 2011: Mohandas Pai resigns; Infosys board to finalize succession plan on April 30
Infosys Technologies is scouting for its next set of leaders, its Human Resource (HR) Director Mohan Das Pai has stepped down from the board. Earlier, reports had suggested that Infosys COO SD Shibulal was likely to take over as the CEO as the current Chief Kris Gopalakrishnan was likely to become the Chairman after Murthy's retirement. There were also speculations about Pai becoming the COO.
The board of directors of the company will meet on April 30, 2011 to finalise the company's leadership succession plans.
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