MD
Amul to be a part of India’s journey but capital market is not a possibility anytime soon: MD
Amul and the new multi-state cooperative organics both will do handholding of all these farmers, even encourage more farmers elsewhere to get into this space, work on getting the certification of their soil, and use Amul economy model where they can even convert the dunk of our cattle into organic manure, get back to the field, use it extensively with the support that is required for a farmer, says Jayen Mehta
CAMS aims to be both payment aggregator & gateway, expand into education: MD
CAMS looking to now expand into education as one potential, extra niche that could scale up the business. They are moving forward to be both a payment aggregator and payment gateway and there will be some build-out of opportunity in the education space as well, says MD & CEO Anuj Kumar.
Sebi penalises Kwality's former MD, others for misrepresenting company's financials
Fine totalling Rs 3.75 crore were slapped on former promoter and MD of dairy firm Kwality's Sanjay Dhingra and other entities for misrepresenting the financials of the company. Kwality went into insolvency process in December 2018 and was acquired by Sarda Mines through the liquidation process in 2022.
Sebi cancels registration of LFS Broking, bans MD for 5 years
Sebi observed the conduct of LFS Broking, where it allowed to use the registration certificates in collusion with Rahman, to deceive investors for the illegal mobilisation of funds. The markets watchdog holds that the brokerage firm is also not satisfying the criteria prescribed under the Intermediaries Regulations.
Raymond reappoints Gautam Hari Singhania as MD for five years
Raymond reappoints Gautam Hari Singhania despite recommendations against, prompting an independent investigation. The National Company Law Tribunal approves corporate restructuring. Q4 sees a significant 18% profit increase to Rs 229 crore.
L&T hit by 'severe' skilled manpower shortage: 45,000 engineers & techies needed
Larsen & Toubro (L&T) faces a severe shortage of skilled labor, with a deficit of 25,000 workers in engineering and construction, and 20,000 in IT and IT services, per its Chairman S N Subrahmanyan. This shortfall, due to various factors including high attrition and migration, is affecting project execution.
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Sunil Subramaniam of Sundaram Mutual Fund retires, Anand Radhakrishnan takes over as MD
The notice-cum-addendum is a crucial update for Sundaram Mutual Fund schemes, reflecting the recent managerial changes and my appointment as the new Managing Director.
SBI General Insurance appoints Naveen Chandra Jha as MD & CEO
During the year ended on March 31, 2024, the bank infused additional capital of Rs 489.67 crore in SBI General Insurance Company Ltd. The company has also allotted ESOP (Employee Stock Ownership Plan) to employees and consequently, the bank's stake has decreased from 69.95 per cent to 69.11 per cent.
SBI General Insurance announces Naveen Chandra Jha as its new MD & CEO
Naveen Chandra Jha leads SBI General Insurance, overseeing operations, growth, and strategic initiatives with a focus on SME credit, HR, and retail banking. Under his leadership, the company expanded to 143 branches, achieving a 17% increase in gross written premium in FY24.
Kalpataru Projects International bags orders worth Rs 2,333 crore
Kalpataru Projects International (KPIL) announced on Tuesday securing Rs 2,333 crore in new orders. These include Transmission & Distribution (T&D) projects in India and abroad, an EPC contract for a metal industry plant, and a residential building project in India. CEO Manish Mohnot highlighted the strong growth outlook for their T&D and Building & Factories segments.
ZEE MD & CEO Goenka acquires majority stake in Maverick Media in personal capacity
Punit Goenka's investment in Maverick Media aims to revive single-screen cinemas in underserved tier II and tier III cities across India. Goenka emphasised the immense potential of these markets and the importance of reviving this infrastructure to expand the reach of cinema.
HDFC ERGO General Insurance elevates Anuj Tyagi as MD and CEO
HDFC ERGO General Insurance promoted Anuj Tyagi as the new managing director and chief executive, succeeding Ritesh Kumar effective July 1. Tyagi, with the company since 2008, previously served as joint managing director. Kumar will transition to ERGO International's board and become the deputy COO focusing on Asian growth markets. The appointment is pending approvals.
Sony Pictures Networks India appoints Gaurav Banerjee as MD & CEO
Sony Pictures Networks India (SPNI) has appointed Gaurav Banerjee as the new Managing Director and CEO, effective August 26, 2024. Banerjee, formerly head of content at Star India, succeeds NP Singh, who becomes non-executive chairman. Banerjee aims to enhance SPNI’s programming, distribution, and revenue, continuing the network’s legacy of excellence.
Get InvITs under purview of bankruptcy law: SBI MD
SBI official, Ashwini Kumar Tewari, urges inclusion of Infrastructure Investment Trusts (InvITs) in the Insolvency and Bankruptcy Code for lender protection. Tewari is in discussions with the Reserve Bank and government for this initiative.
Former Google MD reveals why he’s not impressed with 'Harvard Alum' status on CV, cautions job seekers
Former Google MD Parminder Singh, now COO of Tatler Asia, warns against misrepresenting academic credentials after encountering a job candidate claiming 'Harvard alum' status with only a short-term course. Singh stresses the distinction between short courses and degree programs, emphasizing integrity in job applications. His insights sparked discussions online, highlighting the importance of honesty in professional profiles.
India's wealth will increase 1,000% in next 50 years: NSE MD
NSE CEO Ashishkumar Chauhan expressed confidence at a convocation ceremony near Ahmedabad that India's wealth could surge tenfold in the next 50 years due to its youthful population and technological advancements. He acknowledged India's current socio-economic challenges but urged young graduates to innovate and drive change.
Plan to double market share in country: Volvo CE India MD
Volvo CE India aims to double its market share in India's CE sector, currently at 6.5%. Managing Director Dimitrov Krishnan plans to achieve this growth by leveraging the fast-growing infrastructure development in the country.
Dhanlaxmi Bank appoints Ajith Kumar KK as MD and CEO
The board at its meeting held on Tuesday approved the appointment of Ajith Kumar KK as Managing Director & CEO of the bank for a period of three years with effect from June 20, 2024, and on such remuneration as approved by RBI vide letter dated April 18, it said.
Kuwait fire: NBTC MD says company will take care of victims' families
NBTC had earlier in a statement said it was greatly "shocked and saddened by the tragic incident" in one of its residential accommodations at Mangaf in Kuwait.
Kensington Palace denies Kate Middleton being treated in Houston. Know full story and latest update
Situated in Houston, MD Anderson Cancer Center is considered to be one of the best places for cancer treatment. It hit the headlines after it was reported that Kate
Is Kate Middleton receiving treatment in Houston? Kensington Palace maintains silence. The inside story
Kensington Palace has refused to share information on whether Kate Middleton has received treatment in Houston on the grounds of medical privacy.
CFI elects Tata Projects MD & CEO Vinayak Pai as President of national council
Tata Projects MD & CEO Vinayak Pai elected as President of Construction Federation of India's National Council for a two-year term (FY25-FY26). The council includes industry leaders like Akhil Gupta, Priti Patel, Ajit Bhate, Arjun Dhawan, Hardik Agrawal, M V Satish, Nalin Gupta, Krishnam Raju P, Vimal Kejriwal, and Yogen Lal.
PNB MetLife names Sameer Bansal new MD and CEO
PNB MetLife India Insurance has appointed Sameer Bansal as the new managing director and chief executive, effective July 1. Bansal, with over 25 years of financial services experience, succeeds Ashish Srivastava. Srivastava will now head New York-based MetLife Inc’s global shared services team in India. The appointment is subject to regulatory approvals.
Best Luxury and Premium Father's Day Gifts in India (2024)
Are you looking for a great luxurious gift for your father on the occasion of Father’s Day? If so, then continue reading this article where we have curated a list of the best luxury and premium Father’s Day gift options in India. All of these options are available on Amazon and you can place your order using the buying links shared in the article.
RBI approves a Committee of Executives (CoE) in Tamilnad Mercantile Bank as an interim arrangement
RBI approves Committee of Executives in Tamilnad Mercantile Bank as an interim arrangement. CoE comprises S Narayanan, D Ramesh, PR Ashok Kumar. Bank selecting suitable candidates for top post, unclear why Krishnan's successor not selected after 8 months. TMB had only one whole time director.
Bangladesh: 10 people dead, over 150,000 houses damaged due to cyclone Remal
As many as 10 people were killed as cyclonic storm Remal made landfall in Bangladesh's coastal area on Sunday night, according to State Minister for Disaster Management and Relief Md Mohibbur Rahman.
Wipro appoints Sarat Chand as MD for Northern Europe
Effecting a management rejig after the appointment of new chief executive Srinivas Pallia, the company had announced some incremental organisational changes last week, as reported by ET earlier. The firm had said Sarat, the current Wipro-Benelux MD, would lead Northern Europe.
Full impact of capacity expansion will start coming in from FY26: JSW Steel MD
Jayant Acharya of JSW Steel discusses the company's capacity expansion plans, stable pricing trends, inorganic growth opportunities, and overseas operations performance, emphasizing the focus on value-added products for business stability. Acharya says in the last quarter, 62% of sales was from value-added and specials and 61% for the year as a whole. In terms of absolute volume, it has grown substantially.
Kiran Gems MD Patel buys sea-view luxury pad in Mumbai’s Worli for over Rs 97 crore
Mavjibhai Patel, the managing director and member of the promoter group of Kiran Gems, one of the world's largest natural diamond manufacturers, has acquired a sea-view luxury apartment in a highly prestigious residential tower located in Mumbai's upscale Worli area for approximately Rs 97 crore.
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