Parsvnath SEZ Ltd. appoints three independent directors

Parsvnath Developers Limited is one of the leading real estate companies in India. The Parsvnath Group has a diverse business portfolio of commercial complexes, shopping malls, integrated townships and group housing. Besides strengthening its position in core operations of real estate, Parsvnath Developers is striving to bradbase its product offerings by catering to emerging markets and segments

Parsvnath SEZ Ltd. plans to develop 17 SEZ, having a total saleable area of 367 million sq ft, in various segments like pharma, gems and jewellery, IT/ITES, biotech, handicrafts, leather, food processing and automotive sectors apart from multi-product SEZs. Out of the planned SEZs, four have already been notified by the Centre at Indore, Gurgaon, Dehra Dun and Nanded. Parsvnath Developers has appointed R J Kamath, D N Davar and B K Goswami as independent directors of Parsvnath SEZ Ltd.

D N Davar is a Certified Associate of the Indian Institute of Bankers and a fellow of the Economic Development Institute of the World Bank. He was also the former Chairman of IFCI Ltd, the company said in a statement.

B K Goswami, prior to joining Parsvnath has worked at apex levels with the Centre, state governments and several other government undertakings, it added.

R J Kamath, is former Chairman of the Andhra Bank and Canara Bank.

Parsvnath SEZ Ltd. appoints three independent directors

Parsvnath Developers Limited is one of the leading real estate companies in India. The Parsvnath Group has a diverse business portfolio of commercial complexes, shopping malls, integrated townships and group housing. Besides strengthening its position in core operations of real estate, Parsvnath Developers is striving to bradbase its product offerings by catering to emerging markets and segments

Parsvnath SEZ Ltd. plans to develop 17 SEZ, having a total saleable area of 367 million sq ft, in various segments like pharma, gems and jewellery, IT/ITES, biotech, handicrafts, leather, food processing and automotive sectors apart from multi-product SEZs. Out of the planned SEZs, four have already been notified by the Centre at Indore, Gurgaon, Dehra Dun and Nanded. Parsvnath Developers has appointed R J Kamath, D N Davar and B K Goswami as independent directors of Parsvnath SEZ Ltd.

D N Davar is a Certified Associate of the Indian Institute of Bankers and a fellow of the Economic Development Institute of the World Bank. He was also the former Chairman of IFCI Ltd, the company said in a statement.

B K Goswami, prior to joining Parsvnath has worked at apex levels with the Centre, state governments and several other government undertakings, it added.

R J Kamath, is former Chairman of the Andhra Bank and Canara Bank.

Rajan Anandan appointed as MD Sales Marketing and Services business, Microsoft India

Rajan Anandan, has been appointed as the Managing Director of Sales Marketing and Services business of Microsoft India Pvt Ltd. He will report directly to Ravi Venkatesan, Chairman of Microsoft India. Rajan Anandan will have the key responsibility of growing the sales and marketing operations for Microsoft India. He will be responsible for growing Microsoft’s products and services businesses and also play a key role in driving the company’s partnerships and strategic alliances.

Rajan Anandan has been appointed to fill the gap caused by the departure of Neelam Dhawan, who left Microsoft in June this year after three-and-a-half years, to take the role of Managing Director of HP India. He was leading Dell India from May 2006 and has quit his job in early June this year . Rajan Anandan has been replaced by Sameer garde at Dell.

Rajan Anandan, who has over 16 years of working experience in the industry working with the likes of McKinsey and Dell, has quit his job in early June this year. Rajan Anandan has also served a stint as the Executive Assistant to Michael Dell, Chairman, Dell Computers. He is one of the most talented executives in the India IT industry today. He has the right mix of strategy and execution which is essential for growth for any business. He is alumnus of Massachusetts Institute of Technology and also holds a Master’s degree in Manufacturing Systems Engineering from Stanford University.

Rajan Anandan is also an angel investor. He has recently invested in a Sri Lankan managed IT services company Eureka Technology Partners.

Google – Brain Drain

Google Inc. is an American public corporation. It earns revenue from advertising related to its Internet search, web-based e-mail, online mapping, office productivity, social networking, and video sharing services as well as selling advertising-free versions of the same technologies.
The company was co-founded by Larry Page and Sergey Bring while they were students at Stanford University. Its initial public offering made it worth US$23 billion.

Google has continued its growth through a series of new product developments, acquisitions, and partnerships. Environmentalism, philanthropy, and positive employee relations have been important tenets during Google’s growth, the latter resulting in being identified multiple times as Fortune Magazine’s #1 Best Place to Work.

In recent times, Google has witnessed a loss of high profile departures, including Sheryl Sandburg who moved to Facebook and Doug Merrill who joined EMI. Earlier, executives such as Ethan Beard and Chris Sacca also moved away from the Organization. However, over all Google still continues to suck talent with more than 6,000 employees joining it last year.

The company is now witnessing a drain of some of its entrepreneurial energy that drove its early growth. Some former Google Executives believe that the company has lost two vital ingredients of its culture: the anything-goes approach of a start-up environment and the chance to strike it rich. Thus, the fading of its start-up culture poses threat for Google’s ability to attract and retain the right sort of talent.

Published at http://hrcases.wordpress.com/ on August 5, 2008 by hrcases

Bihar to appoint 92,000 teachers

Bihar government has given the go-ahead to the state Human Resource Department to start the process for recruitment of 80,000 primary teachers and 12,000 secondary and higher seecondary teachers after modifying the existing rules. This is one of the great moves of Chief Minister Nitish Kumar in recent times. He is taking small steps but calculated and confident steps towards the scripting the brand new Bihar story.

The cabinet also decided to award “Bihar Gaurav Samman” carrying cash prize and a certificate to the students from the state securing high ranks in all-India competitive examination as well as international science competitions like Maths and Physics Olympiad. Bihar Gaurav Samman will be awarded to any aspirant from Bihar securing the first rank in the UPSC, IIT, CAT etc. The Bihar Gaurav Samman award money would be a cash prize of INR One lakh, while those securing next five ranks would get a cash prize of INR 50,000 each.

Aditya Birla Financial Services Group appoints G V Gopalakrishnan

The Aditya Birla Financial Services Group, today has appointed G V Gopalakrishnan as its Chief Operating Officer (COO). He will oversee the operations and the technology functions for and across the financial service business, a press release issued here stated.

Gopalakrishnan comes with rich experience that will help us prepare a strong foundation in operations and technology, across our financial businesses. Gopalakrishnan was Executive Vice-President, Information Technology, at HDFC Bank and his experience there was diverse across retail technology, retail assets, credit cards, corporate Internet banking, wholesale, capital markets and various strategic initiatives. Prior to HDFC Bank, Gopalakrishnan was with Standard Chartered Bank.

The Aditya Birla Financial Services Group has a presence across various financial verticals that include life insurance, mutual funds, distribution and wealth management, security based lending, insurance broking and advisory services and private equity.

Suzlon Appoints Sumant Sinha as Chief Operating Officer

Sumant Sinha, the scion of a well-known Indian political family (Sumant Sinha is son of former Union Finance Minister Yashwant Sinha) and an investment banker by trade, joined wind power major Suzlon Energy as its Chief Operating Officer.

Sumant Sinha has over 10 years of experience in international finance which includes a career with Citicorp Securities in New York and London and ING Barings in New York. Sumant Sinha before joining Suzlon Energy worked as CEO Aditya Birla Retail and has also held the position of CFO for the Aditya Birla Group. Sumant Sinha has an excellent track-record in both the Indian and international environments which will help Suzlon execute its global plans more effectively.

In1995, Suzlon Energy started operation with just 20 people. Today company has over 13,000 people, operations across the America, Asia, Australia and Europe, fully integrated manufacturing units in three continents. Today Suzlon is being ranked the 5th leading wind power equipment manufacturer with a global market share of 10.5%.

K R Kamath appointed as Allahabad Bank CMD

Allahabad Bank is the oldest public sector bank in India. It was set up in 1865 by a group of Europeans with a seed capital of INR 2 lakhs. In 2007, Bank’s business crossed INR.1,00,000 crores mark.

Bank of India Executive Director, K R Kamath has been appointed as the Chairman & Managing Director of Kolkata-based Allahabad Bank. The appointment has come after A C Mahajan, who was earlier serving as CMD of Allahabad Bank, took over as the chief of Canara Bank last month.

K R Kamath was a General Manager in Corporation Bank since 2002.At Corporation Bank he was in charge of Information Technology, Information Security, Management Information System and Integrated Risk Management.

K R Kamath is known for his conceptual clarity, communication skills and ability to build strong result oriented teams. He has been one of the key members of the Team that has conceptualised and initiated steps to implement Organisational Transformation Project of Corporation Bank.

Shailendra Bhandari to head Tata Capital PE business

Currently, there are a host of Indian entities which have entered the private equity business including ICICI, Kotak Mahindra, Reliance Capital, IDFC, IL&FS, ICICI Ventures. Tata group company Tata Capital has also planned to enter the private equity business. Tata group company Tata Capital appointed Shailendra Bhandari, the former managing director and CEO of Centurion Bank of Punjab (CBoP), as head of its private equity business. Mr Shailendra Bhandari will report to Praveen P Kadle, managing director, Tata Capital.

Tata Capital is a non-banking finance company. Tata Capital is likely to launch a mid-sized fund of around $500 million. This fund is likely to be followed by a spate of other fund launches in a quick succession. One of it is also likely to be a fund targeting the small and medium enterprises. Sources said that Tata’s have ambitions to scale up the private equity fund business to a reasonably large size over the next few years.

Shailendra Bhandari has over three decades of experience in the financial services sector. He is former Citi banker, was part of the core team led by Aditya Puri in setting up HDFC Bank. He headed ICICI Prudential Mutual Fund, before he was chosen by Rana Talwar’s Sabre Capital to head the beleaguered Centurion Bank. Shailendra Bhandari along with Mr Talwar at Centurion Bank made three acquisitions – BankMuscat’s India operations, Bank of Punjab, and Lord Krishna Bank.

Motorola Appoints Sanjay Jha as head of handset division

Motorola has appointed 45 year yong Sanjay Jha, the chief operating officer of Qualcomm, to head its handset division. Sanjay Jha would report directly to the Board. He will also be co-chief executive of the parent company, sharing the responsibility with incumbent Greg Brown. He has also been named CEO of its Broadband Mobility Solutions unit, which includes its Home & Networks Mobility and Enterprise Mobility Solutions businesses.

Sanjay Jha at Qualcomm oversaw Corporate Research and Development and QUALCOMM Flarion Technologies. He also served as president of its chipset and software division QUALCOMM CDMA Technologies. Sanjay Jha served Qualcomm for 14 years.