Microsoft Corporation India will see a change of guard with Neelam Dhawan taking over as the new managing director.
Hindustan Unilever Ltd on Thursday reported a 6.9 per cent rise in consolidated profit after tax at Rs 2,556 crore in the first quarter ended June 30, 2023, riding on a gradual recovery in the FMCG industry despite operating in challenging environment. The company had posted a consolidated net profit of Rs 2,391 crore in the same quarter last fiscal, Hindustan Unilever Ltd said in a regulatory filing. Consolidated total income in the first quarter stood at Rs 15,679 crore as against Rs 14,757 crore in the corresponding period last fiscal.
Vanitha Narayanan's appointment comes at a time when the IT sector in the country is grappling with the after effects of the slowdown and is weighed by an uncertain economic environment and spending cuts.
In April this year, HP had announced to lay off about 27,000 employees globally as part of its restructuring process to reduce costs.
The proportion of women to men falls radically after the mid-management level.
Union Finance Minister P Chidambaram regretted that there has been stiff resistance from certain quarters over the reservation bill, which would ensure 33 per cent seats for women in Parliament and legislatures. Chidambaram said this while releasing the book Karmic Divas -- stories of eight powerful and wealthy women written by Prerna Kaul Misra and printed by Vitasta publications.
Filling in the vacuum created by the high-profile exit of Neelam Dhawan, who quit Microsoft India to join Hewlett Packard (India) in June this year, the software giant on Friday announced the appointment of Rajan Anandan former Dell India head (Dell India VP and Country GM) as its new managing director.
Microsoft on Thursday said it will set up 500 retail points in eight cities across India, to drive revenues from the home user segment. \n
Microsoft India managing director Rajiv Kaul has moved to the company's headquarters in Redmond as the senior director in the Windows client emerging market group.
Microsoft on Tuesday said it would double its investments in India and the employee strength in the small and medium business segment to expand its reach in the country by the year-end.
A corporate lawyer said that this is the biggest failure of corporate governance in this country. He pointed out that American investors can even take the bank to court for giving false statements to stock exchanges and even file class action suits. Some even questioned how RBI overlooked Kochhar's misdeed.
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