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Oct 2021

Oct 03, 2023

MyGov Chief Tripathi Takes Over as CEO of India Semiconductor Mission

  • Akash Tripathi, chief executive of MyGov, is the new Chief Executive Officer (CEO) of India Semiconductor Mission (ISM).
  • Akash Tripathi succeeded Amitesh Kumar Sinha.
  • Launched in 2021, ISM's main focus is to establish a semiconductor manufacturing ecosystem in India. It was allocated $10 billion by the Centre. The ISM screens applications received for manufacturing semiconductors in India and shortlists the ones that are eligible for subsidies.

Oct 02, 2023

Ashok Leyland Wins Order for 1,282 Buses from Gujarat State Transporter

  • Ashok Leyland, the Indian flagship of the Hinduja Group, won an order to build 1,282 buses for the Gujarat State Road Transport Corporation (GSRTC).
  • This order, one of the largest by a state transport undertaking for a single original equipment maker (OEM), will help Ashok Leyland strengthen its dominant position in the Indian bus market.
  • Ashok Leyland will deliver 55-seater fully assembled Bharat Stage VI (BS VI) diesel buses in a phased manner.

Saugata Gupta New Chairman of Board of Governors of ASCI

  • The Advertising Standards Council of India (ASCI) announced the appointment of Saugata Gupta, managing director and chief executive officer (CEO) of Marico Limited, as the new chairman of the ASCI board of governors.
  • Gupta has served two years on the board of governors and four years as a special invitee on the board of governors.
  • Partha Sinha, president of response, Bennett Coleman & Company Limited, was elected vice chairman, and Sudhanshu Vats, deputy managing director, Pidilite Industries Ltd, was appointed honorary treasurer.
  • The Advertising Standards Council of India (ASCI) is a voluntary self-regulatory organization of the advertising industry in India. Established in 1985, ASCI is registered as a non-profit company under section 25 of the Company Act.

Oct 01, 2023

Tamilnad Mercantile Bank MD & CEO Krishnan Resigns

  • The Tuticorin-based Tamilnad Mercantile Bank (TMB)'s Managing Director and Chief Executive Officer, Krishnan Sankarasubramaniam, resigned from the post, citing personal reasons.
  • This came within thirteen months since he was appointed on September 4, 2022.
  • Krishnan also served as the MD and CEO of Punjab and Sind Bank from September 4, 2020, to May 31, 2022. Krishnan was also the executive director of Canara Bank from April 1, 2020, to September 3, 2020, before joining Punjab and Sind Bank. Before Canara Bank, he served as the executive director of Syndicate Bank between November 1, 2017, and March 31, 2020.
  • The board of directors accepted the resignation of Krishnan. However, he shall continue to be the managing director and CEO, until guidance is received from RBI.

CDIL 1st Indian Firm to Make Silicon Carbide Chips, Starts Unit in Mohali

  • Continental Device India Pvt Ltd (CDIL) become the first company to start producing Silicon Carbide devices, used in electric vehicles (EV) and power electronics, in India. It opened a new semiconductor packaging line at its Mohali plant, taking its annual manufacturing capacity to 600 million units.
  • CDIL Semiconductors, which claims to be the first company to introduce silicon semiconductor technology in India in 1964, also partnered with the government's Semi-Conductor Laboratory (SCL) in Mohali. As per the Memorandum of Understanding (MoU) between the Ministry of Electronics and Information Technology (MeitY) and CDIL, the latter will utilise the semiconductor wafer fabrication facility for its new packaging unit.
  • The development came a week after MeitY invited commercial and technology players with the necessary technological and operational expertise to modernise the SCL facility that serves as the only semiconductor fabrication unit in the country.

Adman Piyush Pandey to Step Down, Transition into Advisory Role at Ogilvy

  • Piyush Pandey, Ogilvy's chief creative officer worldwide and the executive chairman of its India office, will step down after a 41-year-long association with the agency. Devika Bulchandani, Global Chief Executive Officer of Ogilvy, announced Pandey's departure from the company, adding that he would continue in an advisory role.
  • Hephzibah Pathak will take on the role of executive chairperson of Ogilvy India. Group President V. R. Rajesh will take charge as CEO. The new change will come into effect from 1 January 2024.
  • The 41-year-long association between Pandey and Ogilvy began in 1982 when he commenced his career as a client-servicing executive.

Sep 30, 2023

Amara Raja Batteries Rebrands as Amara Raja Energy & Mobility Ltd

  • Amara Batteries Ltd, an industrial and automotive battery manufacturer, officially changed its name to Amara Raja Energy & Mobility Ltd (ARE&M). The new name aims to reflect more accurately the company's expansion from batteries to the broader energy and mobility sectors.
  • Over the past two years, ARE&M has strategically expanded its portfolio to offer a range of solutions and products. These include automotive batteries, industrial batteries, battery energy storage solutions, lithium-ion cell manufacturing, a wide range of electric vehicle chargers, lithium-ion battery pack assembly, renewable energy storage solutions, battery management systems and lubricants.

Cognizant Appoints Wipro's Jatin Dalal as its Chief Financial Officer

  • Nasdaq-listed IT major Cognizant announced the appointment of Wipro veteran Jatin Dalal as Chief Financial Officer (CFO), with the appointment anticipated to be effective December 2023. Wipro announced Dalal's resignation on September 21.
  • Dalal will report to Ravi Kumar S, Cognizant's Chief Executive Officer (CEO), who joined the company in October 2022 after spending 20 years at Infosys. Dalal will oversee Cognizant's global financial planning and analysis, accounting and controllership, tax, treasury and internal audit, corporate development, investor relations and enterprise risk management functions.
  • Dalal will succeed Jan Siegmund who intends to retire in early 2024. Upon Dalal's assumption of the role of CFO, Siegmund will remain with the company as a non-executive officer and special advisor to support an orderly transition.

Sep 29, 2023

Flipkart Appoints Microsoft's Keshav Dhakad as Senior V-P, General Counsel

  • Keshav S. Dhakad was appointed senior vice president and general counsel for the Flipkart Group. Dhakad will be responsible for all legal-related matters for the Flipkart Group. Dhakad joined Flipkart from Microsoft Corporation, where he spent over a decade and a half.
  • As the general counsel of Microsoft India, which comprised six business units, Dhakad was the group head of Corporate, External and Legal Affairs (CELA). He has over 23 years of law firm and in-house legal experience, having begun his professional journey with a leading boutique intellectual property law firm, M/s Anand & Anand Advocates, New Delhi, in 1999.
  • He is a law graduate (LLB) from Campus Law Centre, Faculty of Law at the University of Delhi, and obtained his masters (LLM) from Franklin Pierce Law Centre, New Hampshire, USA. Besides the Bar Council of Delhi, Dhakad is also admitted to practise law in New York State since 2003.

RBI Clears K. N. Madhusoodanan as Part-time Chairman of Dhanlaxmi Bank

  • The Reserve Bank of India (RBI) cleared the appointment of K. N. Madhusoodanan as a part-time chairman of Kerala-based Dhanlaxmi Bank. This came after a period of 21 months during which the company was without a chairman, following the resignation of G. Subramonia Iyer in December 2021 for personal reasons.
  • Madhusoodanan has been an independent director with the bank since 2022. This appointment also follows the RBI's rejection of a proposal to appoint G. Rajagopalan Nair as its part-time chairman. Nair was also an independent director with the bank since August 2020.
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