As a whole-time Director for five years, Rao will be paid over Rs 53 lakhsin salary annually, besides incentives like performance and long-term bonus as well as allowances.
According to a report in The Economic Times, the group's private equity company Future Ventures invested about Rs 250 crore in 12 ventures in as many months and returned more than double this amount from just three exits.
Reliance Jio Infocomm, which has pan-India spectrum for 4G wireless broadband services, plans to provide connectivity speed to subscribers that will be 10-12 times faster as compared to 3G networks.<br />
Reliance Jio Infocomm, which has pan-India spectrum for 4G wireless broadband services, plans to provide connectivity speed to subscribers that will be 10-12 times faster as compared to 3G networks.<br /><br />
Iyer will directly report to Walmart Asia regional president and CEO Scott Price while Narsey is being appointed as senior vice president, Walmart International.<br /><br />
But Barra still needs to trim GM's costs and win over buyers in markets such as India and South America. One big step in getting there: producing more vehicles that can be sold in multiple markets, such as the Chevrolet Cruze compact car.
In his new role, Shivakumar will oversee all aspects of PepsiCo's India business, which includes food and beverage brands such as Pepsi, Frito Lay's potato chips, Slice mango beverage, Kurkure snacks, Tropicana juices and Quaker oats.
India Gas Solutions Pvt Ltd - the equal joint venture between the Mukesh Ambani-led firm and Europe's second largest oil firm - is among the three companies shortlisted by Gujarat<br /><br /> government for giving out 25 percent stake in the Mundra terminal.
According to the report, Gupta is the first woman and first Indian to lead Tupperware in Asia-Pacific.<br /><br />
Even as the country's first all women bank - Bharatiya Mahila Bank - will launch on November 19, the birth anniversary of former Prime Minister Indira Gandhi, the government has appointed Usha Ananthasubramanian as the first Chairman and Managing Director of the all-woman bank, the Hindu Business Line reported.<br /><br />
A few powerful women have made it to the top at Indian banks and the latest entrant is SBI's Arundhati Bhattacharya.<br /><br />
Goldman Sachs Group Inc said on Monday that former World Bank Group president Robert Zoellick will rejoin the investment bank as chairman of its international advisory board. The appointment marks Zoellick's second stint at Goldman Sachs.
GroupM has promoted Ajit Varghese, MD Maxus South Asia to the role of CEO Maxus Asia Pacific. In his new role, which comes into effect on January 1, 2014, Varghese will oversee Maxus operations in all Asia Pacific countries.
Ashok Vemuri, fromerly global head of manufacturing and engineering at Infosys, will be appointed as iGate president and CEO on Monday, 16 September, the US-listed Indian IT company said today.<br /><br />
On paper at least, 49-year-old Elop fits the role. He knows broadly how Microsoft works, having spent nearly three years there running the highly profitable Office unit, and has just spent three years in the thick of the mobile war at Nokia.
Internationally renowned economist Raghuram Rajan will take over as RBI Governor on Thursday and plunge straight into a fire-fight situation as the country battles a rapid fall in rupee, high inflation, low growth and burgeoning current account deficit (CAD).
redBus's Phanindra Sama says he would like to look at brilliant ideas which may not be usually fundable <br /><br />
According to reports, Satya Nadella, head of Microsoft's cloud and enterprise group, which is coming to the fore as the company struggles to catch up in online and mobile computing, is in running for the position of IT giant's new chief executive.
Raghuram Rajan starts with the finance ministry's blessings, but he could soon find his true economic beliefs in conflict with the political compulsions of his boss