Chanda Kochhar quits as CEO of ICICI Bank, Sandeep Bakhshi to take over
NEW DELHI: ICICI Bank Managing Director Chanda Kochhar has resigned from the bank with immediate effect. The board of the bank has accepted the request of Kochhar to seek early retirement, according to a regulatory filing. “The board accepted this request with immediate effect. The inquiry instituted by the board will remain unaffected by this […]
IMF appoints India-born Gita Gopinath as Chief Economist
NEW DELHI: Gita Gopinath has been named as Chief Economist of the International Monetary Fund (IMF), becoming the second Indian to be appointed to the position. Former RBI Governor Raghuram Rajan had served as Chief Economist of the IMF. Gopinath would succeed Maurice (Maury) Obstfeld, who is to retire at the end of 2018, the […]
Rajesh Agrawal takes over charge as a new member of Railway Board
NEW DELHI: Rajesh Agrawal has taken over charge as the new Member (Rolling Stock), Railway Board and ex-officio Secretary to the Government of India on 28th September, 2018. Agrawal belongs to the 1980 batch of Indian Railways Services of Mechanical Engineering (IRSME). Prior to this appointment, he was General Manager of Modern Coach Factory at […]
Brij Kumar Agarwal appointed Himachal Pradesh chief secretary
SHIMLA: Senior IAS officer Brij Kumar Agarwal has been appointed as the chief secretary of Himachal Pradesh with immediate effect according to a notification issued here Sunday, an official spokesperson said. The post of chief secretary fell vacant after retirement of Vineet Chaudhary on Saturday. The 1985 batch IAS officer of Himachal Pradesh cadre was […]
Max Life Managing Director Rajesh Sud quits
NEW DELHI: Max Life Insurance Friday said its Managing Director (MD) Rajesh Sud has resigned from the company and CFO Prashant Tripathy will replace him from January. After 18 years of building Max Life Insurance and completion of his second five-year term as executive vice-chairman and managing director of the company, Sud hands over the […]
FAAVM appoints Anca Verma as ambassador for Children and Youth
NEW DELHI: Canadian-based Federal Association for the Advancement of Visible Minorities (FAAVM) said that it has appointed Anca Verma as ambassador for Children and Youth to Middle East and India. Mrs Verma is the Chairperson of ‘Olialia World’ which is a US$ 2 billion multinational FMCG corporation with interests in infrastructure, hospitality, aviation and financial services […]
Facebook appoints Hotstar CEO Ajit Mohan as India Chief
MUMBAI: Facebook has poached the head of video streaming service Hotstar to take on the newly-created role of managing director of its Indian operations, as the social media giant faces pressure to tackle fake news and store more data locally. Ajit Mohan will take up the role of managing director and vice-president of Facebook India, […]
Padmaja Chunduru assumes charge as Indian Bank’s Managing Director and CEO
NEW DELHI: Public sector Indian Bank Monday said Padmaja Chunduru has assumed charge as its managing director and CEO with immediate effect. Earlier, she served State Bank of India as its deputy managing director (global markets), Mumbai, a press release said here. Chunduru succeeds Kishor Kharat. Recently, the Appointments Committee of the Cabinet headed by […]
DLF’s Ananta Singh Raghuvanshi joins DAMAC Properties
NEW DELHI: DLF’s Ananta Singh Raghuvanshi has resigned from company and joined Dubai-based DAMAC Properties as Senior Director -International business development, according to her Facebook profile. “My dear FB family, hope you all had a Happy Anant Chaturdashi . Look forward to your support and best wishes in my new assignment as Senior Director- International business […]
Anil Kumar Chaudhary appointed as new SAIL chairman, to replace P K Singh
NEW DELHI: Anil Kumar Chaudhary has been appointed as the new chairman of the Steel Authority of India (SAIL), a government order said on Friday. Chaudhary, at present, has been serving as the Director (Finance) in the country’s largest steel making company. The post of SAIL chairman fell vacant on June 30 with the retirement of […]
India appoints MDs, CEOs in ten nationalised banks
NEW DELHI: Mrutyunjay Mahapatra and Padmaja Chundru, both deputy managing directors in State Bank of India, have been appointed as managing director and chief executive officer of Syndicate Bank and Indian Bank respectively, according to an official order issued on Wednesday. They are among 10 MDs and CEOs of state-owned banks whose appointments were approved […]
BCG names Alpesh Shah as Managing Director of India
NEW DELHI: Neeraj Aggarwal, Regional Chairman of Asia Pacific, The Boston Consulting Group (BCG), has announced the appointment of Alpesh Shah as Managing Director of India. “Alpesh is an outstanding BCG leader,” he remarked. “With his strong focus on capability-building, dedication to client service and passion for developing teams and championing diversity, I am very […]
Nuvoco appoints Jayakumar Krishnaswamy as new Managing Director
NEW DELHI: Jayakumar Krishnaswamy was recently appointed as Managing Director for Nuvoco Vistas Corp. Ltd. (formerly Lafarge India Limited). He will be responsible for its three business divisions; cement, ready-mix concrete and aggregates. Krishnaswamy’s approach to doing business coupled with his expertise in integrated supply chain management and transforming organisations make him an ideal fit […]
Another independent director of Jaypee Infratech resigns; fourth in last one week
NEW DELHI: Jaypee Infratech, which is facing insolvency proceedings, on Monday said that the company’s independent director Sham Lal Mohan has resigned citing personal reasons. Last week, three independent directors Lalit Bhasin, Keshav Prasad Rau and Basant Kumar Goswami had resigned from the board. Goswami resigned because of his growing age and indifferent health, and […]