"Lenovo Mobile Business Group has appointed Sudhin Mathur as Managing Director - Motorola Mobility India. He has been inducted as a full-time director on the Motorola Mobility Board in India," Motorola said in statement.
Britannia will no longer stick to bakery and dairy products, says Managing Director Varun Berry. The company is also keenly looking at the micro-snacking space for expansion.
Hemant Bhargava today took over as a managing director of Life Insurance Corporation, to fill the vacancy created by the retirement of Sushobhan Sarkar in 2014.
The Appointments Committee of Cabinet has approved Bhargava's appointment to the post till his superannuation, i.e., July 31, 2019, an order issued by Personnel Ministry said.
The average borrowing cost in Q3 was 6.38 percent compared to 6.88 percent for the same period last fiscal, said SK Dubey, MD, PNB Gilts.
More than 90 persons have applied for the post of Managing Director and CEO at the National Stock Exchange (NSE).
State-run Rural Electrification Corp (REC) today said that its Chairman and Managing Director B P Pandey will continue on the post beyond December 31, 2016 till the new incumbent is appointed.
Speaking to CNBC-TV18 Nilesh Shah, Managing Director at Kotak Mahindra Asset Management, said that it is better to wait for results from the demonetistiaon move.
Speaking to CNBC-TV18 Gagan Banga, Vice Chairman & Managing Director at Indiabulls Housing Finance said that new business home loans are down by just 1 percent in terms of enquiries.
Government today appointed V K Sharma as the Chairman of state-owned behemoth Life Insurance Corporation (LIC) for five years.
Gautam Kumra has become the second home-grown partner to lead McKinsey & Company after he was appointed as the firm‘s Managing Director for India. Kumra, a senior partner at the firm, replaces Noshir Kaka who has moved to a global role in the firm‘s analytics practice.
Everybody in the NBFC space has seen a decrease in cost of funds and the company per se has shifted their mix more towards debentures, said Vellayan Subbiah, Managing Director, Cholamandalam Investment and Finance.
The company clocked total business of Rs 90,000 crore in the last financial year and has set a target of reaching Rs one lakh crore in the current year.
"The company, after due considerations, on August 24, 2016 has accepted Pradeep Kumar Rathi's request to vacate his office as Director and Managing Director of the company with effect from July 28, 2016," it said in a regulatory filing.
Hero MotoCorp had last month announced that Sunil Munjal will step down from the board of the company when his tenure as Joint Managing Director ends on August 16.
The state-run firm also envisages raising iron ore production by 24 percent to 35 MT in 2016-17 from 28.32 MT in 2015-16, NMDC Chairman and Managing Director (CMD) Bharthi S Sihag was quoted as saying in a company statement.
The Appointments Committee of Cabinet (ACC) has appointed Dinesh Kumar Khara for a period of three years, extendable by two years after review of his performance, an order issued by Department of Personnel and Training said.
The start of the year 2016 witnessed India achieving a rare milestone of crossing over one billion mobile subscribers. The country is also witnessing a smartphone evolution that has dramatically altered the consumer behavior.
Debt was higher last year on account of investments made in a 12-MW co-generation plants and higher interest rates, says B Sriramulu, Managing Director, KG Denim.
Three candidates were interviewed for the post of a managing director of the country's largest lender State Bank of India, sources said
The company management has decided to address old issues of settling all the dues as one time settlement with banks without affecting the operations, said K Udai Sagar, Managing Director, Bartronics.
The company, a manufacturer of polymer products, recently sold its overseas assets and used the money to pay off its debts, says Anil Jain, Managing Director, Time Technoplast.
The bank saw a drop in gross NPA levels to 3.44 percent in FY16 from 2.95 percent in year before. This was mainly because of the bank's limited exposure to steel companies and large corporates, says Managing Director P Jayarama Bhat.
Upinder Zutshi, MD and CEO, Infinite Computer Solutions, sees margins also rising by 10-12 percent.