Managing director of Ashok Leyland R Seshasayee was elected CII president while Sunil Bharti Mittal of Bharti Telecom became the vice president on Wednesday.
The signs were visible for a while, but reality has finally hit home.
The company also unveiled ESSI 20, truck with emphasis on green and efficient transportation. Seshasayee said the truck embodies 20 innovative ideas that together deliver 20 per cent better fuel efficiency and correspondingly over 20 per cent reduction in CO2 emissions.
Chennai-based Ashok Leyland Ltd, the second largest truck maker in India, has inaugurated an integrated manufacturing facility at Pantnagar, Uttarakhand. This unit, in which Rs 1,500 crore (Rs 15 billion) have been invested, is the company's seventh.
ICICI Bank chief K V Kamath to be new CII vice president.
Hinduja Group on Monday said it would invest Rs 1,200 crore (Rs 12 billion) in property development business
The Confederation of Indian Industry has set up a Mission for Manufacturing Innovation to create "100 new billion-dollar companies over three years".
Though things are going well for India, the unfinished agenda is still huge and needs to be addressed quickly.
Hinduja Group firm heavy commercial vehicle maker Ashok Leyland has drawn up a Rs 4,000 crore (Rs 40 billion) capital expenditure plan for building capacity, developing products and upgrading technology, a top official said.
Ashok Leyland on Tuesday said it has formed a joint venture with Finland-based Alteams Group that will invest Rs 175 crore (Rs 1.75 billion) initially to make aluminum products for automotive and telecom sectors.
Expressing shock and concern over the blasts in Mumbai and Srinagar, industry chambers on Wednesday said such incidents would not deter foreign investors from pumping their money in India.
CII on Thursday objected to any mandatory reservation for socially underprivileged in the private sector even as it forecast 8.3 per cent GDP growth target for this financial year.
Projecting a higher growth rate of 8.3 per cent, the Confederation of Indian Industry on Thursday tempered the optimism with the caution that hardening interest rates, below-normal monsoon and spiralling oil prices could cut-off the crescendo.
I have no hesitation to say that the cultural milieu is different, said chairman R Seshasayee in a rare media interaction.
The settlement with Sebi was seen as Infosys admitting guilt of the lapse, clearing out any legal or regulatory challenges and preparing ground for new chief executive officer Salil Parekh.
India's second-biggest commercial vehicle maker Ashok Leyland plans to tap foreign markets to raise upto $100 million, a top company official said on Wednesday.
Auto major Ashok Leyland on Friday said it would export buses to Pakistan soon and was also exploring the Chinese market.
Automobile manufacturer Ashok Leyland Ltd plans to cut 1,000 jobs during 2003-04, and to improve productivity through better processes and standardisation, R Seshasayee, the company managing director, said.
Former CFO V Balakrishnan seeks exit of Infosys chairman, co-chairman R Seshasayee, co-chairman Ravi Venkatesan, audit committee chairman Roopa Kudva and nomination committee chairman Jeffrey S Lehman.
Ashok Leyland Ltd is readying to manufacture its trucks and buses in China and Pakistan within the next 12-18 months as part of plans to increase its business in overseas markets, R Seshasayee, managing director of the company, said on Monday.
Infosys' first non-founder CEO had been granted 232,329 RSUs at Rs 5 a unit.
A group of high-powered individuals led by Anand Mahindra have come together to set up Krea university. The campus is expected to be ready by 2019 and the first batch of 100 to 125 students will commence classes in August next year.
The founders, who hold 12.75 per cent stake in Infosys, together with a dozen leading institutional investors with a cumulative stake of about 10 per cent forced the Infosys board to bring back Nilekani.
The matter pertains to the Rs 173.8 million severance offer given to former CFO Rajiv Bansal in October 2015 when he was allegedly forced to step down due to differences with then chief executive Vishal Sikka over the acquisition of Israeli technology firm Panaya for $200 million.
As per the award, Infosys is required to pay Bansal the outstanding severance amount of Rs 12.17 crore, with interest
The latest one being Ken Toombs, global head of consulting at the Bengaluru-based entity.
Seshasayee has been an independent director on the company's board since January 2011.
This is reportedly the first time that the names recommended by a search committee have been shot down by the HRD ministry
India seeks greater market access for its products including textiles, pharmaceuticals and bovine meat.
The share buyback -- which will be the first in the company's 36-year history -- has been a long-standing demand by some of the founders and high-profile former executives, who have been pushing Infosys to return surplus capital to its shareholders.
Sanghrajka has spent 13 years in Infosys over two stints and has performed various leadership roles in the finance section.
The Bengaluru-based firm has also inducted founder and CEO of Surya Software Systems D N Prahlad as an independent director on its Board, effective October 14, 2016.
Design thinking refers to solving traditional tech problems using newer, different and innovative methods
Nilekani is an organised person and his strength is simplification of complex ideas, said Murthy.
Nilanjan Roy spent 13 years with Bharti Airtel, prior to which he worked for 15 years with Unilever across their global operations.
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