L&T APPOINTS K VENKATARAMANAN AS NEW CEO; AM NAIK TO STAY AS CHAIRMAN
K Venkataramanan, the 67-year-old IIT-Delhi graduate, will take charge as managing director and CEO of the Rs 60,000-crore Larsen and Turbo Company on April 1, replacing the 70-year-old AM Naik.
Mr Naik currently holds the position of Chairman and MD at the group, a major player in engineering, manufacturing, construction and a host of other businesses including technology and financial services.
ASHOK LEYLAND APPOINTS SAM BURMAN AS CHIEF TECH OFFICER
Hinduja group flagship company Ashok Leyland announced the appointment of Sam Burman as the Chief Technology Officer, who will see product development, advanced engineering and product planning functions.
Burman has rich experience in commercial vehicles. Prior to his new role, Burman was working as Senior Vice-President for medium and heavy trucks with Italy based multi-national firm -- IVECO, the company said in a filing to the BSE.
Burman has rich experience in commercial vehicles. Prior to his new role, Burman was working as Senior Vice-President for medium and heavy trucks with Italy based multi-national firm -- IVECO, the company said in a filing to the BSE.
INDIA INFOLINE ROPES IN NOMURA'S NIPUN GOEL AS I-BANKING PRESIDENT
Diversified financial services provider India Infoline (IIFL) appointed Nipun Goel as president of its investment banking division.
Goel will lead the investment banking team at IIFL Capital, the company said in a statement.
Prior to joining IIFL, Goel was managing director and head of investment banking at Nomura India and has experience of over 15 years. He was also associated with DSP-Merrill Lynch as managing director.
Goel will lead the investment banking team at IIFL Capital, the company said in a statement.
Prior to joining IIFL, Goel was managing director and head of investment banking at Nomura India and has experience of over 15 years. He was also associated with DSP-Merrill Lynch as managing director.
HSBC PROMOTES TARUN BALRAM TO DEPUTY HEAD OF GLOBAL BANKING
HSBC has elevated Tarun Balram to the position of Deputy Head of Global Banking for India. Balram was earlier head of client management for the global banking division. In his new role Balram will report into Sunil Sanghai, MD & Head of Global Banking.
Balram has been with HSBC for 20 years and has worked in a variety of roles including as Head of Corporate Banking for North India where he was involved in arranging funding for Bharti's $10.7 billion acquisition of Zain's Africa business.
Balram has been with HSBC for 20 years and has worked in a variety of roles including as Head of Corporate Banking for North India where he was involved in arranging funding for Bharti's $10.7 billion acquisition of Zain's Africa business.
KK MAHESHWARI APPOINTED AS GRASIM MD
The Aditya Birla group appointed KK Maheshwari as managing director of Grasim Industries, as the 21,600-crore cement-to-yarn company prepares to grow its businesses in India and abroad.
Mr Maheshwari, who was the whole-time director of Grasim till now, will assume charge as managing director immediately, a post created for the first time in the 65-year company which is also the world's largest maker of viscose staple yarn, a key raw material for making textiles.
Mr Maheshwari, who was the whole-time director of Grasim till now, will assume charge as managing director immediately, a post created for the first time in the 65-year company which is also the world's largest maker of viscose staple yarn, a key raw material for making textiles.
PANASONIC APPOINTS MANISH SHARMA AS MD
Japan's largest consumer electronics company, Panasonic has for the first time ever appointed an Indian to head its flagship consumer durables business in the country.
Manish Sharma (41), erstwhile head for sales and marketing of Panasonic India, has been promoted as its managing director from April.
VODAFONE INDIA REJIGS TOP BRASS; SUNIL SOOD IS NEW COO
Telecom giant Vodafone India has revamped its top management, appointing Sunil Soodas the new chief operating officer (COO), while Sanjoy Mukherjee has taken over as the chief commercial officer (CCO).
In an internal communication, the company said the changes are aimed at striking "a better balance between operational intensity and the need to focus on emerging areas".
In an internal communication, the company said the changes are aimed at striking "a better balance between operational intensity and the need to focus on emerging areas".
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