Ashok Leyland appoints two new COOs, CFO given additional responsibility Posted on 21st June 2019 |
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| Ashok Leyland on Thursday announced organisational changes by elevating two senior officials as chief operating officers and appointing a head for electric vehicle business. However, the company did not announce any name for the position of MD & CEO, which fell vacant after Vinod K Dasari quit in November 2018. The changes are in line with the company’s philosophy of providing growth opportunities to talent from within the company. They are also in line with the Ashok Leyland's plans to shape the future growth strategies of the company and its portfolio of investments. Gopal Mahadevan, who was recently appointed the whole-time director, in addition to his current role as CFO and president, customer solutions business, will also be responsible for information technology (IT), corporate strategy & business analytics. The two new chief operating officers are Anuj Kathuria and Nitin Seth. While Kathuria will be responsible for all of medium & heavy commercial vehicle (MHCV) business, Seth, will look after light commercial vehicles (LCV), defence, international operations (IO) & power solutions business (PSB). N Saravanan, who was recently appointed as chief technology officer in addition to his current role, will also be responsible for the electric vehicles (EV) business. "At Ashok Leyland we have always believed in nurturing and rewarding internal talent. We have a robust pipeline of leaders who are ready to take on greater challenges and these appointments are a fitting recognition of their contribution and capability. The Ashok Leyland team has performed well over the last few years and have collectively achieved its vision of breaking into the Global Top 10 in M&HCV Trucks and Global Top 5 in M&HCV Buses in volume terms. A milestone we are indeed very proud of and one which has encouraged us to aspire for greater goals,” said Dheeraj Hinduja, Chairman, Ashok Leyland. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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