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World Gold Council announces new managing director in India

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The World Gold Council, the market development organisation for the gold industry, has appointed Somasundaram PR as Managing Director, India. Somasundarum PR (Som) will be based in Mumbai, where he will be responsible for leading the World Gold Council’s activities across the Indian market.

Som has over 27 years’ experience of diverse industries and sectors. Som joins the World Gold Council from Lakshmi Vilas Bank, where he was Chief Executive Officer. Before that, he spent eight years at Standard Chartered Bank in India where he held senior positions including Managing Director of Standard Chartered – STCI Capital Markets, the securities arm of Standard Chartered Bank. Som has also gained valuable experience of other sectors having spent over 13 years with Hindustan Unilever (HUL) in a variety of national and international roles, as well as working at Tata Consultancy Services. Som is a qualified Chartered Accountant.

Commenting on his appointment Som said, “I am delighted to have joined the World Gold Council, which provides focused leadership on all matters concerning gold across the globe. I am looking forward to developing and leading, innovative and sustainable programmes for gold in all its forms throughout India and developing and further strengthening relationships with key financial, trade and retail partners.”

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BlackBerry India MD Sunil Dutt quits

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NEW DELHI: BlackBerry India head Sunil Dutt has quit the beleaguered handset maker following a 15 month stint with the company. Dutt is learnt to have quit some time ago, but had stayed back to preside over the launch of the BalckBerry Z10, the first handset running on its new Blackberry 10 platform. This is seen as the most important launch for the troubled device maker that is fighting to revive its smartphone share, after being thoroughly drubbed in its primary markets, the United States and Europe.

Dutt's exit leaves unanswered questions as India is one of the few markets where the company has remained a strong player despite a dip in its market share here as Android phones from Samsung and devices from Apple dominate the smartphone segment. In fact, BlackBerry global CEO Thorsten Heins, had recently said the company was surprised that its Z10 stocks were sold out within two days of its launch in India.

An executive aware of Dutt's resignation said the latter was leaving to start his own venture. He also added that Dutt had joined BlackBerry in December 2011 as the venture he wanted to start had been delayed on account of a slew of factors which had been resolved now, but declined to divulge additional details.

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Online bus ticketing site redBus hires LG Electronics India CMO Lakshmikant Gupta

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BANGALORE: Online bus ticketing site redBus, run by Pilani Soft Labs, has roped in LG Electronics India 's Chief Marketing Officer, Lakshmikant Gupta as their CMO, the company said today.

The venture, founded in 2006, also has a new HR head. It has appointed Aashu Calapa as Chief HR Officer. Calapa was formerly President of Human Resources and Country Manager of India Operations at Firstsource Solutions.

Phanindra Sama, co-founder and CEO of redBus, said the two recruitments are part of their scaling up process. "We now have our entire senior management in place," said Sama. He added that the company, which is targeting Rs 600 crore in ticket sales in fiscal year 2013, will double its sales in financial year 2014.

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Bobby Gupta appointed as head of Mahindra Satyam ANZ ops

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Hyderabad: IT services company Mahindra Satyam today said it has appointed Bobby Gupta as head of Australia, New Zealand (ANZ) operations.

Gupta is currently heading Middle East markets. G B Kumar, who was with Cisco Systems earlier, will now take over operations of the Middle East and North Africa (MENA) region.

According to a press release, MSat is intended to pursue rapid growth from Australia, New Zealand (ANZ) and the Middle East markets under the newly formed Leadership Team.

Aligned with the concept of the recently declared concept - 'The CEO Force' (a leadership development framework to foster distributed leadership), the management has entrusted the baton to two of the most experienced IT Industry professionals, to nurture, grow and manage these two regions, it said.

"Mahindra Satyam earns 24 per cent of its revenues from the Rest of the World market, which comprises geographies of Australia, New Zealand, Middle East and other areas in Asia and Africa. With good traction seen in BFSI, Manufacturing, Resources, Airlines, Government, the company aims to grow rapidly with the new leadership change," the release said.

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Dheeraj Hinduja resigns as Hinduja Global Solutions Director

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CHENNAI: Hinduja Global Solutions today said Dheeraj G Hinduja has resigned as a Director of the company.

In a filing to the BSE the company also said, "Shanu S P Hinduja is appointed as a Director in the casual vacancy caused by resignation of Dheeraj G Hinduja and is designated as Co-Chairperson of the company."

Dheeraj's resignation is with immediate effect. Dheeraj has over 17 years experience at strategic and leadership levels covering a variety of businesses across various sectors including automotive, energy, infrastructure, finance and banking among others, it said.

Currently, Dheeraj is focusing on the Hinduja Group's Indian businesses which have a diversified portfolio of organisations with Ashok Leyland as its flagship company.

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Religare appoints AC Mahajan as independent non-executive director

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NEW DELHI: Financial services group, Religare Enterprises Limited (REL) has appointed former Canara Bank Chairman Avinash Chander Mahajan as an independent non-executive director on its board.

Mahajan's experience in the banking industry spans over three decades. Mahajan was Chairman and Managing Director of Allahabad Bank between 2006 and 2008. He later became CMD of Canara Bank for two years in 2008. He also held the position of Executive Director in India's second largest public sector bank Bank of Baroda.

Mahajan is currently Chairman of the Governing Council of Banking Codes and Standards Board of India. He also serves as an Independent Director on the boards of Hindustan Petroleum Corporation Limited, Management Development Institute, Himvati Power Company Limited, LancoBabanth Power Limited and IDBI MF Trustee Company Limited.

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Yahoo! India and Southeast Asia MD, Arun Tadanki resigns

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 BANGALORE: Arun Tadanki, Managing Director, India & Southeast Asia for Yahoo! resigned on Saturday. However, he will remain with the company till June to oversee the transition said the company. Tadanki has been with the internet giant for the last 3 years and has been credited for driving a 6-fold growth of Yahoo! mobile-users in India.

"I truly enjoyed my stay at Yahoo! and I wish Yahoo! the very best in future. It was an enriching experience and I will really miss the wonderful team of talented professionals at Yahoo!," stated Tadkani in a release sent to The Economic Times.

"Having worked for 11 years in CEO roles for APAC/ Emerging Markets regions at multinational Internet companies, I am looking forward to playing a very different role within the Internet ecosystem, beyond our region," said Tadkani.

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Vineet Taneja to head Samsung's Mobile & Digital Imaging biz

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NEW DELHI: Electronics giant Samsung today said it has appointed Vineet Taneja as the Country Head for its Mobile & Digital Imaging business.

Taneja replaces Ranjit Yadav, who quit in September last year.

Prior to joining Samsung, Taneja was the Operations Director (South India and Sri Lanka) at Bharti Airtel, Samsung said in a statement.

Previously, he has also served as Chief Marketing Officer for Nokia India and as Vice President (Sales & Marketing) for the beverages and foods business at Hindustan Lever.

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Google country marketing head joins Yebhi.com

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Google India's - Country Marketing Head, Nikhil Rungta has joined online fashion retailer Yebhi.com. In his new role as Chief Business Officer in Yebhi, Rungta, will be responsible for the strategy, planning and execution of the company's sales, marketing and product development.

Commenting on the appointment, Manmohan Agarwal, CEO, Big Shoe Bazaar said: “We are extremely happy to welcome Nikhil to the Yebhi team. He brings with him wealth of experience and knowledge after serving more than 15 years with leading organisations. We are confident that he will have a similar success at Yebhi.com.”

Nikhil was the country marketing head at Google since 2009 and was responsible for all Google products including Search, Youtube, Chrome, Google+, Android among others. He also launched ecosystem shaping initiatives like Get India Business Online (GIBO) and the Great Online Shopping Festival (GOSF) for Google.

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Shashi Ranjan Prasad new Executive Director of BHEL Bhopal unit

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BHOPAL: Shashi Ranjan Prasad would be the new Executive Director of the Bhopal unit of Bharat Heavy Electricals Limited (BHEL).

Currently he is Executive Director (ROD&CFP), BHEL, New Delhi.

The decision was taken recently, BHEL officials said here today. He would take charge from the current Executive Director S S Gupta, who is retiring on March 24.

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NCDEX appoints Samir Shah as Deputy CEO

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 Multi commodity exchange National Commodity and Derivatives Exchange (NCDEX) today said it has appointed Samir Shah as Deputy CEO.

Prior to joining NCDEX, Shah was Chief Business Officer at Dubai Gold and Commodities Exchange, according to the company release.

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Pearson completes 100% acquisition of TutorVista, appoints Srikanth B Iyer as CEO

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 Pearson, the world’s leading learning company, today announces the acquisition of the block of shares it does not already own in TutorVista, to complete 100 per cent ownership of the Bangalore-based learning services company. 

In 2009, Pearson had acquired a minority stake in TutorVista, increasing its holding in 2011 to a controlling position of 80%. TutorVista was founded in 2005 by Krishnan Ganesh, one of India’s best-known entrepreneurs, and today has 1,300 employees across online tutoring, school management, ICT and test prep and tuition. Mr. Ganesh and Meena Ganesh, who leads TutorVista’s domestic operations, will give up all management roles in the company they jointly founded.

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