India: Flipkart hires senior executives for its commerce and taxation depts

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India’s largest shopping portal Flipkart on Sunday said it has hired two senior executives for its commerce and taxation departments. Sriram Venkataraman, head of sales finance, Hindustan Unilever Ltd, is joining as the chief financial officer of Flipkart’s commerce platform. Venkataraman is a graduate of Indian Institute of Technology (Madras)… Read more »

Philippine National Bank names new leaders for retail, savings groups

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The Philippine National Bank (PNB) has named two top executives for its Retail Banking Group and the PNB Savings Bank (PNBSB).


Decoding Ratan Tata’s investments in Indian startups

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A little over Rs.20 crore. That’s how much Ratan Naval Tata, chairman emeritus of Tata Sons Ltd, the holding company that controls the Tata group, has pumped into 10 Indian start-ups over the last 18 months. His latest investment, in Bengaluru-based Actoserba Active Wholesale Pvt. Ltd, owner of online lingerie… Read more »


India: Alok Mittal’s second innings with his new venture Indifi

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In June last year, Alok Mittal decided on two things. One, he would not be a venture capitalist anymore. Two, he would create a bigger impact than he had ever done in all his years in the business. Earlier this month, more than a year after he quit venture capital… Read more »


India: Ajay Lakhotia quits Vertex Venture to start own investment company

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Ajay Lakhotia, the India head of Vertex Venture Management, has quit the investment firm to start his own investment company, as per a report in The Economic Times. The investment entity will incubate startups as well as make mid-to-growth stage investments in existing ventures with a focus on four sectors… Read more »


ANZ’s CFO Elliott to take helm, says to press on with Asia strategy

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Australia and New Zealand Banking Group‘s incoming chief executive Shayne Elliott said Thursday he was committed to seeking growth in Asia – a strategy that has come under question due to low returns and high costs. Elliott, currently CFO, made the comments after Australia’s No.4 lender said he would take… Read more »


As Twitter, Square interests converge, CEO Dorsey risks conflicts

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If Jack Dorsey becomes permanent CEO of both Twitter Inc and mobile payments company Square, he could struggle with conflicts of interest in the business that is key to both companies’ futures: e-commerce. Corporate governance experts and some investors have already expressed concern that Dorsey faced tough choices in his role… Read more »


India: Naina Lal Kidwai to retire as HSBC India chairperson

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Naina Lal Kidwai will retire as the chairman of HSBC Holdings Plc.’s India unit after a 13-year career with the British bank, the bank said in a statement on Wednesday. She will also step down from her position of executive director on the board of HSBC Asia Pacific. Kidwai joined… Read more »


Philippines’ RCBC bank appoints Deveras to head asset management and remedial group

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Listed Philippine bank Rizal Commercial Banking Corp (RCBC) has named John Thomas Deveras as head of its asset management and remedial group.


Shikha Sharma, Nguyen Phuong, Masliza Sulaiman, Cathryn Carver among most influential women in Asia Pacific finance

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The latest list of FinanceAsia‘s most influential women in Asia finance shows that women in China and Australia are at the forefront when it comes to leadership roles in investment and commercial banking, and fintech, where Asian companies have seen swift growth. However, the list also has some notable absentees. China… Read more »