Search Result for : Ceo

Nandan Nilekani returns as the non-executive Chairman of Infosys

The Dollar Business Bureau  Nandan Nilekani, is back in Infosys after 8 years of relinquishing his services to the company as its CEO. He has returned torestore the pride and lustre of India’s second-largest software services company, when the board unanimously named him as the non-executive chairman on August 24, 2017. The appointment is seen as a significant victory for Infosys’ co-founder NR Narayana Murthy who was fighting with the company’s board for months over alleged lapses in corporate governance. This will also calm the nerves of the investors of the company, who have been shocked by the past week’s events, with the resignation of Vishal Sikka as its CEO. The return of Nilekani, who served as the company’s CEO from 2002 to 2007, marks the second case in the history of Infosys when a retired cofounder returned to steer ...

Uber CEO resigns, the company bereft of COO and CFO too

The Dollar Business Bureau Travis Kalanick, the co-founder and CEO of Uber resigned on Tuesday. Kalanick had helped to form the company in 2009. Uber became a household name as a cab riding service in many countries including India. The CEO stepped down after facing pressure from the shareholders, who made it untenable for him to continue. Five of Uber’s major investors including the capital firm Benchmark, had insisted that Kalanick resign after months of raging controversies surrounding the people at the helm. Uber’s top directors were riddled with accusations related to sexual harassment, discrimination, dealing with law enforcement and even with the company’s partners. In a mail to the employees of Uber, Kalanick said, ‘I love Uber more than anything in the ...

Mumbai and Delhi rank as 5th and 6th largest cities in Asia with a combined GDP of over $400 bn: JLL Global 300 Rankings

The Dollar Business Bureau A total of nine Indian cities figure on the latest edition of ‘Global 300’ cities – the annual JLL ranking exercise, which represents 300 major cities that are the focus of commercial activity and interest, 40% of the world’s economy, and three-quarters of global real estate investment according to Ramesh Nair, CEO & Country Head, JLL India. In an ever-changing world, more urban centres in India are rapidly emerging as players on the global stage – moving beyond the powerhouses of Mumbai, Delhi and Bangalore. While the megacities of Delhi and Mumbai rank in the ‘Global Top 30’ – thanks largely to their huge scale, other cities such as Bangalore, Chennai and Kolkata sit within the ‘Global Top 100’ – ...

Ghosn to step down as Nissan CEO; Saikawa to take over from Apr

PTI Japan's second largest automaker Nissan Motor Co on Thursday said its long-serving leader Carlos Ghosn will hand over the role of CEO to Hiroto Saikawa, a company veteran. After leading the company for nearly two decades, Ghosn, the Chairman and CEO of Nissan at present, will focus on the functioning of "recent expansion of the Renault-Nissan Alliance to include Mitsubishi Motors". Saikawa, currently the co-CEO of Nissan, will assume the position of Chief Executive Officer on April 1, 2017, the company said in a statement. "Ghosn will continue to serve as Chairman of the Board of Directors, and he will seek a renewal of his mandate at the company's general shareholders meeting in June 2017," it added. ...

G20, OECD issue new corporate governance code

Source: PTI To safeguard minority shareholders' interests and promote capital market as a key platform to raise funds, G20 and OECD (Organisation for Economic Cooperation and Development) on Saturday announced new Corporate Governance Principles for listed companies and regulators in all member countries including India. Consequently, the regulators and policymakers across the world, which include SEBI in India, will update their regulations for the listed firms in line with the new code. The new global principles, released in Ankara on the sidelines of the G20 Meeting of Finance Ministers and Central Bankers being attended by Finance Minister Arun Jaitley and RBI chief Raghuram Rajan, call for protecting shareholders' rights and keeping CEO salaries reasonable, while making adequate disclosures for the benefit ...