Collywood : People in the News
Steffi Graf-Kerala’s
ayurveda ambassador?
From the hard and grass courts, tennis legend Steffi Graf may
soon be appointed the Ayurveda brand ambassador of Kerala. The state tourism department had mooted a proposal to
make her the brand ambassador as part of its new ‘Visit Kerala
Scheme’. The department has an informal agreement with the
former world number one tennis player, who has bagged 22
grand slam single titles. Now a formal signing of the agreement
will take place as per the convenience of Steffi Graf. The idea
behind appointing her is to promote the ancient system of traditional health care to woo tourists from abroad. After consulting
with Graf, the tourism department will be charting out a series
of programmes to launch the campaign outside India.
Padmasree Warrior
to be Cisco advisor
Padmasree Warrior, one of Silicon
Valley’s high-profile female executives, has stepped down from her
post of Chief Technology Officer
(CTO) at global IT giant Cisco
after a significant restructuring of
top management under incoming
CEO Chuck Robbins. India-born
Padmasree, named last month
by Forbes among the world’s
100 most powerful women, will
move into a strategic advisor role
effective immediately and will
stay on in this new role through
the transition until September,
Cisco said. Under the restructuring announced last week, the ten
leaders who will sit on Cisco’s new
executive leadership team will
include India-born Pankaj Patel,
Executive Vice President and
Chief Development Officer.
Padmasree, 54, had joined
Cisco in 2008 and had
served as CTO and senior vice-president of engineering
during her seven years at the company. This highly respected leader
has been a champion internally for
innovation, strategic partnerships,
investments and mergers and
acquisitions.
Crompton Greaves
ropes in Khosla
Shantanu Khosla, the Managing Director of Procter &
Gamble India, will join the
consumer business of Crompton Greaves to spearhead
the company under its new
private equity owners. Khosla
is coming on board in a senior
leadership position and is likely to be the vice-chairman and
managing director, according
to sources. Crompton Greaves’
consumer division, Crompton
Greaves Consumer Products,
is being spun out and getting
demerged from its parent into
a separately listed company
through a court approved
process. The 55-year-old, who
will switch shampoo and detergents for fans and lighting,
will have a board seat and a
chief executive under him to
drive daily operations.
Audi Q3 Suv Launchedin India
Audi, the German luxury car maker launched an all-new
version of its popular SUV Q3 in India. The new Q3, powered by a 1968 cc diesel engine, is the fourth of five vehicles
Audi India plans to launch in five months. As it tries to scale
up in the Indian premium vehicle market, this vehicle will
be available in three variants with the base variant priced at Rs.
28.99 lakhs (ex-Delhi showroom), the mid version at Rs.33.99
lakhs and top end at Rs. 37.50 lakhs. “We are confident that the
new Q3 will bring in many new members to the Audi family
much like it did since its launch and will further strengthen
our dominance in compact luxury segment in India,” said
Joe King, Audi India Head. Earlier this month, Audi had
launched its super sports car RS 6 Avant priced at Rs.1.35
crores. The new grille is finished in satin chrome and merges
with the headlamps (LED headlamps are optional). It is
pulled by the same 2.0-liter 35 TDI 4-cylinder oil burner. The
engine musters out 174 bhp @ 4200 rpm and 380 Nm of max
torque extracted in-between 1750-2500 rpm. The engine is
mated to a 7-speed dual clutch automatic transmission.
DB Schenker in India
bags award, again
DB Schenker in India won
the Supply Chain and Logistics Excellence Award 2013
the second time in a row. It
won the top freight forwarder
award at the Supply Chain And
Logistics Excellence (SCALE)
Award ceremony organised by
the Confederation of Indian
Industry (CII). The award
recognizes excellence amongst
logistics service providers and
supply chain enablers to the user industry, whose stakeholders come from the automotive,
engineering, consumer, retail
and pharmaceutical sectors.
In total, 212 applications were
received for the nomination in
various categories. The award
emphasises DB Schenker’s
leading position in India in
providing end-to-end logistics
solutions and its ability to cater
to any industry and destination
across the world
Bobby Jindal bids
for White House
Louisiana governor Bobby Jindal announced he was running for the
White House, making him the first Indian American to seek the country’s highest office. “My name is Bobby Jindal, I am the Governor of
Louisiana, and I am running for President of the greatest country in the
world, the United States of America,” Jindal said at an event launching
his run. Jindal joins a crowded Republican
race for the party nomination that
has 13 candidates – with a few more
in the offing -- to just four on the
Democratic side. It will be tough
for him to be noticed, and heroic
to make it. Jindal, a two-term
governor and two-term member
of the House of Representatives,
has been trailing badly in all public opinion polls on Republican
contenders. He finished 11th in the
most recent poll by The Wall Street
Journal and NBC. Only the top ten
will be on the stage for the debates that
determine electability. The 44-year-
old Jindal is married to
Supriya and they have three
children. His parents came
to the US from Punjab.
He started calling himself
Bobby after a character
in a popular TV series,
The Brady Bunch,
while in school.
Mahajan to head
commercial &
wholesale business
at IDFC Bank
Infrastructure financier IDFC Ltd has appointed Ajay
Mahajan as the head of commercial and wholesale banking
business of its soon-to-begin banking operations. Mahajan
will be in charge of lending to small and medium enterprises (SMEs), mid-sized and large companies, transaction
banking, treasury and investment banking. Mahajan joined
IDFC in October 2013 after a brief entrepreneurial stint at
R-Square Advisors LLP. In his 23-year career, Mahajan has
worked with the erstwhile Bank of America Corp., Yes Bank
Ltd., and UBS AG. IDFC and Kolkata-based microfinance
company Bandhan Financial Services Pvt. Ltd. received Reserve Bank of India’s (RBI’s) approval for a banking licence
in April 2014. Both the firms are likely to start banking
operations in October this year. Rajiv Lall, IDFC’s executive
chairman at present, will be the managing director of the
new IDFC bank, the company had said in July 2014.
Murdoch’s sons to
take over empire
Lachlan Murdoch is still seen as well
placed to take over the Murdoch global
media empire despite his younger
brother James’s resurrection as 21st Century Fox chief executive. The current
CEO, 84-year-old media magnate Rupert Murdoch is expected to formalise
his succession plan and a timetable to
hand over the reins at the company’s
board meeting. It would mean president Chase Carey standing aside after
six years from the day-to-day running
of Fox for 42-year-old James. While
some view the decision as an anoint
ing of James as heir, the 43-year-old
Lachlan has also been promoted from
a non-executive to hands-on executive
co-chairman role with his father, who
has not given any indication of retiring.
According to the Murdoch-owned Wall
Street Journal, James and Lachlan would
run 21st Century Fox similarly to Mur
doch and Carey’s arrangement, with one
focused on the long-term and the other
the operations. Lachlan is more familiar
in Australia, where he lives and has held
a series of high profile business roles
outside and within News Limited before
his resignation in 2005
IT Majors get innovative to serve clients better
T firms are doing what would have once been sacrilegious -- holding
coding marathons to develop innovative fixes and deploying units to
resolve client problems. Infosys, Wipro and others have kept pace with
mushrooming start-ups, but the rate of revenue growth has more than
halved since 2011-12, and this is mainly due to the competition in the
field. Young set-ups go beyond cookie-cutter solutions and do the job
more quickly and for less. They also attract the crème de la crème of
India’s engineering graduates with their culture of bubble chairs, breakfast
bars and table tennis at work. Client demands are similarly changing.
Major telecoms, retail and banking firms want more than an outsourced
help desk, right from solving a server crash overnight to building an app.
To deal with this, Wipro, for example, has set up small “commando force”
units that help get swift solutions. It has also introduced gaming-like training sessions and so-called hackathons to solve both fake and real
client problems. Earlier this month, Infosys, long known for its inflexible
rules of employee decorum, did away with a formal dress code. Earlier, it
had relaxed rules preventing workers from accessing social networking
web sites at work. Client demands are similarly changing in India’s $147
billion IT outsourcing industry. Major telecoms, retail and banking firms
want more than an outsourced help desk, and now demand everything
from help solving a server crash overnight to help building an app,
industry veterans say. To be sure, it is hard for large IT companies, with an
army of thousands of employees, to change overnight. Yet, steps as small
as implementing a casual dress code and allowing employees to use their
own tech devices mark a major cultural shift in an industry that still relies
heavily on manpower to win business.
Selvakesari gets elevated at Citi
Citi has appointed Anand Selvakesari as Head of
Consumer Banking for Asia Pacific. Anand will manage all of Citi’s consumer businesses in Asia across
the 12 markets that Citi offers retail banking, wealth
management, cards and mortgages in the region.
During his 23 year Citi career, Anand has led Citi’s
consumer bank in China and India and was most
recently Southeast Asia Cluster head for Consumer
Banking. Anand’s appointment is effective July 1 and
he is taking over from Jonathan Larsen. Jonathan will
focus on his role as Global Retail Banking and Mortgage Head with the additional responsibilities of US
Retail Banking and Mortgage. Anand was formerly
Head of Consumer Banking for ASEAN & India. In
this role he took charge of in December 2013, Anand
was responsible for the consumer banking businesses
in the ASEAN cluster, including Singapore, Malaysia,
Indonesia, Philippines, Thailand and Vietnam as
well as India. A Citi veteran, Anand began his career
in India in 1991, and has more than 23 years of
experience in Consumer and Commercial Banking.
As India Consumer head, he helped transform the
business in India, re-defined consumer banking and
today the India franchise holds leadership positions
in cards, wealth management and digital banking.
Relli
takes
over as
HDFC
Sec chief
Dhiraj Relli will soon take
charge as Managing Director
and CEO of the retail broking
firm HDFC Securities. Relli
takes over this position from
Aseem Dhru, who returns to
HDFC Bank as group head,
business banking, rural,
commodity and agri-lending
businesses. Commenting on
the change in ranks, Dhru
said, “I am thankful to all my
colleagues at HDFC Securities
for their support, without
which it would not have been
possible to achieve what we
have over the past five years.”
Relli has an experience of over
two decades in the banking
and financial management
space. He joined HDFC Bank
in 2008, before which he
worked with Centurion Bank
of Punjab and ICICI Bank.
HDFC Securities, a subsidiary
of HDFC Bank offers both
retail and institutional broking
with 250 branches and more
than 1.5 million customers.
Software giants, Wipro boosts
operations at Bhubaneswar
Wipro has committed a massive
expansion of its facilities to house
28,000 employees. This is after
the Odisha government ticked
off Wipro for going slow on its
development centre. However,
the software giant has not spelt
out a timeline for implementing
its ambitious expansion plan. Wipro in a letter to the government
has stated that it had approached
the Centre for approval to be
the co-developer for the special
economic zone (SEZ). The matter
is likely to be taken up at the next
meeting of the Board of Approvals (BoA) for SEZs under the
Union Commerce and Industry ministry. The company’s response
comes in the wake of the state
government’s recent warning that
it would take back the 26 acres of
land allotted at a prime location
in the city if the project was
delayed further. The company is
likely to add 1,800 employees in
the next ten months.
By Joe Williams