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  • Union Bank of India appoints Avinash Vasant Prabhu as CFO on a 3-year term

    Avinash Vasant Prabhu's tenure as CFO for a period of 3 years from November 20, 2023, the bank said.

  • Tata Motors, Maruti and M&M to splash out Rs 20,000 crore on combustion engine capacity

    Tata Motors, Maruti and M&M to splash out Rs 20,000 crore on combustion engine capacity

    As per the guidance shared by the chief financial officers of the companies, a combined Rs 20,000 crore will be spent in the next few fiscals on ramping up output of waitlisted models

  • BharatPe appoints former SBI Cards finance head Nalin Negi as CFO

    BharatPe appoints former SBI Cards finance head Nalin Negi as CFO

    The company also said that Negi will lead BharatPe through its path to an initial public offering (IPO) in 18 to 24 months. Notably, the company did not have an appointed CFO prior to this announcement.

  • Profitability, revenue forecasting more complex amid rapid technological disruption: Happiest Minds CFO 

    Profitability, revenue forecasting more complex amid rapid technological disruption: Happiest Minds CFO 

    Less room for predictability has changed the way contracts are negotiated in the digital IT space, Narayanan said. 

  • Attrition to peak next quarter amid change in IT job trends, hiring patterns: Happiest Minds MD

    Attrition to peak next quarter amid change in IT job trends, hiring patterns: Happiest Minds MD

    Happiest Minds reported high attrition rates in the last financial year and the level has risen steadily. From 12.1 percent in FY21, it jumped to 17.8 percent in Q2 of FY22, 21.1 percent in Q3, and 22.7 percent in Q4.

  • Raymond appoints Amit Agarwal as Chief Financial Officer

    Raymond appoints Amit Agarwal as Chief Financial Officer

    Agarwal, who was the CEO of Jindal Coated Steel Products Ltd prior to joining Raymond, assumed the new role with effect from July 2, the company said in a regulatory filing.

  • Standard Chartered Bank, India appoints Mohanty as CFO

    Standard Chartered Bank, India appoints Mohanty as CFO

    Standard Chartered Bank, India today said it has appointed Subhradeep Mohanty as its chief financial officer.

  • Piramal looking to consolidate hold over Shriram Group

    Piramal looking to consolidate hold over Shriram Group

    Ajay Piramal is likely to raise his stake in Shriram Capital to one-thirds from one-fifths, reports The Economic Times. The Piramal Enterprises Chairman will also be naming an executive as the CEO.

  • Equitas Holdings elevates S Bhaskar as Executive Director, CEO

    Equitas Holdings elevates S Bhaskar as Executive Director, CEO

    "Bhaskar has been appointed as Executive Director and CEO with effect from October 21. S Vasudevan has been appointed as Chief Financial Officer of the company in place of Bhaskar," the company said in a BSE filing.

  • Intel hires Robert Swan from General Atlantic as CFO

    Intel hires Robert Swan from General Atlantic as CFO

    The world's largest chipmaker said earlier this year that Smith, who has been Intel's chief financial officer for nearly a decade, would shift to a new role.

  • DB Realty CFO Nagamallesh Gattu resigns

    DB Realty CFO Nagamallesh Gattu resigns

    In a filing to BSE, the Mumbai-based developer said that "Nagamallesh Gattu resigned as CFO and key managerial personnel (KMP) of the company".

  • Margin growth from acquisitions to come in Q3-Q4: Wipro

    Margin growth from acquisitions to come in Q3-Q4: Wipro

    CEO Abidali Z Neemuchwala said he is hopeful of seeing more demand for the digital business. Senior Vice President and Chief Financial Officer and President & Chief Human Resources Officer also weighed in.

  • See continued stress on revenues in first half of FY17: eClerx

    See continued stress on revenues in first half of FY17: eClerx

    eClerx's EBITDA margins in the fourth quarter of FY16 rose 480 basis points to 41 percent quarter-on-quarter owing to the depreciation of the Indian rupee.

  • IndiGo appoints Rohit Philip as CFO

    IndiGo appoints Rohit Philip as CFO

    Rohit Philip, coming in place of Pankaj Madan, who has put in his papers, would be joining the no-frills carrier from global document management and business services major Xerox Corporation.

  • UBHL appoints Ajay Kumar Vijay new CFO

    UBHL appoints Ajay Kumar Vijay new CFO

    "Based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee, the Board of Directors at its meeting held on April 20, 2016 have approved the appointment of Ajay Kumar Vijay as Chief Financial Officer (CFO) of the company with effect from April 20, 2016," UBHL said in a BSE filing.

  • Pfizer appoints S Sridhar as MD

    Pfizer appoints S Sridhar as MD

    "The Board of Directors of the company has appointed S Sridhar as the Managing Director of the company, with effect from March 18, 2016 for a period of five years," Pfizer Ltd said in a BSE filing.

  • Full benefits of digitisation to show in FY17 earnings: Hathway

    Full benefits of digitisation to show in FY17 earnings: Hathway

    In an interview with CNBC-TV18, Subramaniam says he does not see the digitisation deadline being extended. He expects to the current financial year with 45-50 lakh subscribers and says the full benefit of digitisation will be seen in FY17.

  • Amit Agarwal new Chief Financial Officer of Jet Airways

    Amit Agarwal new Chief Financial Officer of Jet Airways

    Jet Airways did not have a full time CFO since March 2014 when the then incumbent Ravishankar Gopalakrishnan, who was also the acting chief executive officer, parted ways with the airline.

  • Lanco to raise up to $1 bn via stake sale, unit listing

    Lanco to raise up to $1 bn via stake sale, unit listing

    Lanco, which has been losing money in recent years amid a high debt load and delays in finishing its power projects, said it returned to profitability in the three months ending Sept. 30 after revenue jumped as work restarted at its plants.

  • SBI's CP portfolio more than doubles to Rs 23,000 cr in Q2

    SBI's CP portfolio more than doubles to Rs 23,000 cr in Q2

    "Our CP portfolio was only Rs 7,000 crore at the end of the June quarter. This rose to Rs 23,000 crore as of end-September," the bank's Deputy Managing Director and Chief Financial Officer Anshula Kant told PTI.

  • Snapdeal appoints Anup Vikal as Chief Financial Officer

    Snapdeal appoints Anup Vikal as Chief Financial Officer

    The e-commerce firm, which competes with the likes of Flipkart and Amazon, has been aggressively hiring talent from the telecom space. In June, Snapdeal named Bharti Airtel Senior Executive Anand Chandrasekaran as its Chief Product Officer.

  • Tata Chemicals appoints John Mulhall as CFO

    Tata Chemicals appoints John Mulhall as CFO

    Mulhall is a graduate of the University of Strathclyde and a member of the Institute of Chartered Accountants of Scotland.

  • Housing.com to raise $60-70 mn in coming weeks: Sources

    Housing.com to raise $60-70 mn in coming weeks: Sources

    Sources tell CNBC-TV18 that the portal is likely to raise USD 60-70 million in coming two weeks. Existing invested partners like Japan‘s Softbank, Nexus Partners and Helion are expected to participate in the fund raising.

  • SAP Q3 operating profit beats estimates on mature markets

    SAP Q3 operating profit beats estimates on mature markets

    SAP said third-quarter operating profit, excluding special items, rose to 1.62 billion euros (1.20 billion pounds), beating the most optimistic estimate among 14 analysts, with individual estimates ranging from 1.45 billion to 1.59 billion euros, according to Thomson Reuters data.

  • Philips names Abhijit Bhattacharya as CFO

    Philips names Abhijit Bhattacharya as CFO

    Abhijit Bhattacharya, an Indian national, was the top financial manager at Philips' lighting division, which is being carved out into a separate company. He had also been overseeing the separation project.

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