Tata Motors ropes in Guenter Butschek as CEO & MD

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Tata Motors Ltd, the country’s largest automaker by revenue, has hired Guenter Butschek as chief executive officer (CEO) and managing director (MD) of the company.

India: How Ameera Shah took control of Metropolis Healthcare

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For Ameera Shah, landing majority ownership of Rs.600 crore Metropolis Healthcare Ltd that her father founded as a tiny clinic in South Mumbai’s Kemps Corner 34 years ago was a chance thing. The seven-country, 130-lab diagnostics chain, which saw the entry and exit of several investors and protracted boardroom tensions,… Read more »


Malaysia’s CIMB cuts dozens of jobs in HK equities, investment bank unit

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CIMB cuts 32 jobs in investment banking, equities. Cuts account for quarter of workforce in CIMB Hong Kong- source. Many investment banks are paring back their presence in Asia


India: Taxi hailing app Ola ropes in ex-Microsoft’s Raghuvesh Sarup as chief marketing officer

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Taxi-hailing service Ola, owned by ANI Technologies Pvt. Ltd, has appointed Raghuvesh Sarup as chief marketing officer (CMO) to strengthen its core leadership team as the company prepares to expand its lead in the domestic market and trump San Fransisco-headquartered rival Uber Inc. Sarup, whose last stint was at Microsoft,… Read more »


India’s Max Group reshuffles management after demerger

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The New Delhi-based Max Group, which has interests in healthcare and insurance, on Friday announced a management reshuffle following a move to spin itself off into three entities. Group founder Analjit Singh will now be chairman-emeritus and Rahul Khosla, managing director of Max India, has been elevated as group president,… Read more »


People Dealbook: Frontier Digital Ventures hires director; Uber Diagnostics ropes in noted cardiologist

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The venture capital space saw some new appointments to their portfolio companies as Catcha Group‘s frontier market digital investment arm, Frontier Digital Ventures appoints a key officer to its team, from iProperty, while Mercatus Capital’s Uber Diagnostics appoints a well-known cardiologist to its advisory board. Frontier Digital Ventures appoints director… Read more »


Carlyle promotes India’s Neeraj Bharadwaj as Partner in a global reshuffle

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Global private equity giant Carlyle has elevated Neeraj Bharadwaj, managing director of Asia Buyout Fund, to the position of Partner in the firm, according to a statement. Bharadwaj is among the 43 professionals who have been promoted globally as part of the firm’s move to restructure its senior team. Bharadwaj… Read more »


Capgemini appoints Srinivas Kandula as CEO of its India operations

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French information technology services company CapGemini SA on Wednesday said it has appointed Srinivas Kandula as chief executive officer for India effective 1 January, replacing Aruna Jayanthi, who has moved to a global role within the group. Kandula, who joined iGate Corp. in 2007 and worked as executive vice-president, member… Read more »


Bank of America names new co-head of investment banking for Asia Pacific

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Bank of America Merrill Lynch has named Elif Bilgi Zapparoli as its new co-head of corporate and investment banking for the Asia Pacific region, according to an internal memo seen by Reuters on Thursday. Zapparoli will work alongsode Jiro Seguchi, who was in October 2013 named sole head for the… Read more »


Goldman Sachs to shed up to 10% of its sales, fixed income team

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Goldman Sachs Group Inc  is planning to shed up to 10 percent of its sales and fixed income trading jobs later in the quarter, the Wall Street Journal reported on Wednesday, citing sources. This workforce reduction, which is higher than the bank’s usual 5 percent annual cuts, is expected to… Read more »