In his resignation letter, Dugar said that he will be pursuing a career outside the organisation.
Mphasis CEO Nitin Rakesh said the demand environment is fairly robust, and that the industries and geographies the company operates in are conducive to growth.
V Suryanarayanan will continue as the Chief Financial Officer until May 14, and will be available for transition support, until he retires in October 2020, the company said in a statement.
Ganesh Natarjan, the former CEO of Zensar Technologies, has started his venture with a kitty of Rs 5 crore that will fund start-ups over the next 6 months.
Dugar will be responsible for the leadership of Practo's financial legal and regulatory operations, Practo said in a statement.
Sherpalo Ventures, founded by former Google board member Ram Shriram, and TV Mohandas Pai's Aarin Capital participated in the round, the company said in a statement.
Government has been considering hiking import duty on rubber and the notification regarding the hike would be issued soon. Reacting to the news Manish Dugar, CFO, Ceat said, “We believe that if the hike is imposed then it will make us uncompetitive in terms manufacturing in the country and hence you will start seeing more of tyre importsâ€
Manish Dugar, CFO, Ceat says that with rubber prices remaining stable over the last 4-to-5 months on a strong demand-supply situation it is difficult to expect any fall in tyre prices. Exports constitute 24 percent of the tyre-manufacturer‘s total revenue and growth in exports continues to improve in markets like Indonesia and Italy.
In an interview to CNBC-TV18, Manish Dugar, chief financial officer, Ceat gives details on the company's performance. He says he is expecting a positive outlook this quarter as well as in the January-February-March.
Concerned about its high debt of Rs 1,400 crore, tyre maker Ceat plans to outsource more production to cut capital expenditure, group CFO Manish Dugar says. The RPG-Group company is also focusing on exports and will strengthen presence in other Asian markets to boost profits, at a time domestic sales are sluggish.
Manish Dugar, a senior vice president at Wipro Ltd , India's third-biggest software services provider, has quit, the company said in a statement on Thursday.
The global slowdown, coupled with the falling rupee, has the IT industry worried about the next two quarters.
Wipro BPO today inaugurated its first rural centre at Manjakkudi village in Tamil Nadu to capitalise on literate talent pool available in the region.
Wipro, India's No 3 software services exporter, on Monday named Manish Dugar, currently the chief financial officer of its key IT outsourcing business, as the head of its back office operations effective immediately.