Subramanian Jambunathan appointed MD & CEO of Shriram Housing Finance
NEW DELHI: Shriram City Union Finance said Wednesday it has appointed Subramanian Jambunathan as the Managing Director & CEO of its housing finance subsidiary, Shriram Housing Finance Limited. The board in its meeting held on November 20, 2018, appointed Subramanian Jambunathan as the Managing Director and Chief Executive Officer of Shriram Housing Finance Limited, Shriram […]
Abhijit Bose appointed head of Whatsapp India
NEW DELHI: Under pressure to address issues raised by the government of India, WhatsApp on Wednesday announced the appointment of Abhijit Bose as its country head — the first time it has named a head for the country that accounts for most users across the world. The Facebook-owned app has been drawing flakes from the […]
Ajay Bhushan Pandey names as India’s Revenue Secretary
NEW DELHI: UIDAI CEO Ajay Bhushan Pandey will be the new Finance Secretary, replacing Hasmukh Adhia — the Gujarat-cadre IAS officer who is set to retire on November 30. Pandey, a 1984-batch IAS officer of the Maharashtra cadre, would continue to hold the additional charge of Unique Identification Authority of India (UIDAI) CEO and Goods […]
India’s finance secretary Hasmukh Adhia to retire on November 30
NEW DELHI: Showering praises on finance secretary Hasmukh Adhia, who retires on November 30, finance minister Arun Jaitley on Saturday said he was a no-nonsense civil servant who performed his job with professionalism. In a Facebook post titled ‘Dr. Hasmukh Adhia retires’, Jaitley said “he was unquestionably a highly competent, disciplined, no-nonsense civil servant and […]
Airtel appoints Adarsh Nair as Chief Product Officer
NEW DELHI: Telecom Service provider Bharti Airtel today said that it has appointed Adarsh Nair as Chief Product Officer. In his new role Adarsh will be the custodian of Airtel’s digital products and platforms, and play a pivotal role in the company’s digital transformation journey. He will work closely with Airtel’s leadership team and partners […]
Apple appoints Ashish Chowdhary to lead India operations
NEW DELHI: In a fillip to Apple CEO Tim Cook’s big future plans for the Indian market, Apple has appointed Ashish Chowdhary, Chief Customer Operations Officer at Nokia Networks, as its India operation head, reliable industry sources told IANS on Tuesday. Chowdhary will join as Apple India head from January next year, the sources confirmed. […]
Flipkart co-founder and group CEO Binny Bansal resigns over ‘personal misconduct’
NEW DELHI: Flipkart Group CEO Binny Bansal on Tuesday resigned following an allegation of ‘serious personal miscount’, the firm’s new parent Walmart said. Bansal, who along with Sachin Bansal had co-founded the India’s biggest online retailer Flipkart, “strongly denies the allegation”, Walmart said in a statement. Binny, it said, has resigned as the CEO of […]
RBI clears re-appointment of Aditya Puri as HDFC Bank CEO for 2 years
NEW DELHI: HDFC Bank on Monday said the RBI had approved the re-appointment of Aditya Puri as managing director of the bank for another two years. “Reserve Bank of India, vide its letter dated October 22, 2018, has accorded its approval to HDFC Bank Ltd. for re-appointment of Aditya Puri, as MD & CEO of […]
India likely to appoint new CEA within two months
NEW DELHI: The government of India is likely to appoint a new chief economic advisor (CEA) in the next one or two months, according to sources. A search committee appointed by the finance ministry is expected to finalise the list of suitable candidates soon and the appointment is likely within two months. On 30th June, […]
RBI approves appointment of Sandeep Bakhshi as ICICI Bank MD, CEO
NEW DELHI: Private sector lender ICICI Bank said Reserve Bank of India (RBI) has approved Sandeep Bakhshi’s appointment as Managing Director and CEO of the bank for three years. After resignation of Chanda Kochhar, who was facing inquiry, earlier this month, the bank’s board had elevated Chief Operating Officer (COO) Bakhshi as the new managing […]
Former Deputy PM of UK joins Facebook as head of global affairs
LONDON: Facebook Inc (FB.O) has hired former British Deputy Prime Minister Nick Clegg to lead its global affairs and communications team, as the social network deals with a number of scandals related to privacy, fake news and election meddling. The appointment makes Clegg, former leader of Britain’s Liberal Democrats and deputy to David Cameron in […]
BankBazaar appoints former RBI DG Mundra as advisor
NEW DELHI: Online financial services marketplace BankBazaar on Monday said former RBI Deputy Governor (DG) S S Mundra has been appointed as an advisor to the company. In a statement BankBazaar said Mundra’s expertise will help in driving 100 per cent paperless and presence-less financing by the company in India. BankBazaar Co-Founder & CEO Adhil […]
Boeing’s India head Pratyush Kumar appointed to lead its F-15 fighter aircraft programme in USA
NEW DELHI: The Boeing Company on Monday appointed the head of its India operations, Pratyush Kumar, to lead the defence major’s F-15 fighter aircraft programme in the United States of America (USA). “Kumar has been selected to lead our F-15 fighter aircraft programme and further its business in the US and globally,” said Boeing in […]
D Prasanth Kumar Reddy appointed PS to Vice President
NEW DELHI: Bureaucrat D Prasanth Kumar Reddy has been appointed as private secretary (PS) to Vice President M Venkaiah Naidu, according to an order issued by the Personnel Ministry on Monday. Reddy, a 2009-batch IAS officer of Odisha cadre, has been appointed to the post for a tenure of five years or on co-terminus basis […]
Not stepping down from Maruti board over IL&FS crisis, says R.C. Bhargava
NEW DELHI: Maruti Suzuki Chairman R.C. Bhargava, ex-director of crisis-hit IL&FS, on Thursday ruled out resigning from the board of the auto major, stating as per the law a director needs to step down only when “something is established against” him. He also said at least for the last three to four years, the management […]
India appoints ex-Canara Bank MD Rakesh Sharma as IDBI chief
NEW DELHI: The government of India appointed former Canara Bank managing director Rakesh Sharma as head of IDBI Bank. Sharma has been appointed as managing director for a period of six months, sources said. This comes after the tenure of B Sriram who was appointed as the chief executive of IDBI Bank for three months […]