PayU Global names Aakash Moondhra as CFO

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Online payment services firm PayU Global has appointed former Snapdeal executive Aakash Moondhra as chief financial officer, the company said on Thursday. PayU, backed by Internet and media group Naspers has operations in 18 countries including Latin America, India, Central Eastern Europe, and Middle East and Africa. Apart from acting… Read more »

Flipkart founders among India’s richest, amidst debate on e-tailer valuations

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Sachin Bansal and Binny Bansal, the founders of Flipkart, India’s largest e-commerce marketplace, are now ranked among the top100 richest people in India, with a net worth of $1.3 billion each, at a time when opinion is divided on whether Indian startups are over-valued. The Bansals’ swift ascent — they… Read more »


Singapore: Noble Group chairman Elman steps down from audit committee

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The chairman of Singapore-listed Noble Group Ltd has stepped down from the company’s audit committee, in the first major move for the co-founder since the firm’s accounting practices were called into question earlier this year. Influential proxy adviser Institutional Shareholder Services had called for significant changes to Noble’s audit committee… Read more »


Indian e-tailer Snapdeal hires former Twitter executive Rahul Ganjoo

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Online marketplace Snapdeal said on Monday that it has roped in former Twitter executive Rahul Ganjoo as vice-president in its technology team. In his new role, Ganjoo will work on enhancing customer experience on Snapdeal’s different platforms. He will also focus on programme management. Prior to his appointment at Snapdeal, Ganjoo… Read more »


CVC Capital eyes investments in Vietnam, names ex-banker Pete Vo as managing partner

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Pete Vo, a former Deutsche Bank and CitiGroup banker, has joined CVC Capital Partners as managing partner for the private equity firm’s Singapore office from August, a move seen as the UK-headquartered investment firm’s effort to foray into the Vietnamese market. At CVC Capital, Vo is responsible for looking for… Read more »


India: Ex-FlipKart exec Saran Chatterjee joins Housejoy as CEO

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Saran Chatterjee, a former vice-president with e-tailer FlipKart, has joined Housejoy, a home services marketplace, as its chief executive officer, according to a press statement. In his new role, Chatterjee will be primarily responsible for expanding existing operations of the company in terms of services and geographies. Prior to joining… Read more »


Global Fashion Group’s Nils Chrestin to spearhead Jabong as founders leave

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Nils Chrestin, chief financial officer at Global Fashion Group, will run the day-to-day operations at online fashion retailer Jabong as founders Arun Mohan and Praveen Sinha move out, as per a report in The Economic Times. Chrestin, who is based in London, will look after the business affairs of Jabong… Read more »


Online retailer Snapdeal ropes in ex-Bharti Retail executive, as head, infrastructure

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Online marketplace Snapdeal.com said on Thursday that it has hired ex-Bharti Retail executive Hardeep Singh as head of infrastructure to enhance the supply chain systems of the company, including network design, infrastructure and special projects. Hardeep has over 21 years of experience in various aspects of supply chain operations, including… Read more »


Indian IT firm Infosys to refrain from hiring SAP executives for now

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Infosys Ltd has decided to refrain from hiring top executives from chief executive Vishal Sikka’s former employer SAP AG in the coming months and has asked search firms to not consider senior executives at the German software maker for vacancies at India’s second-largest software exporter, according to two people familiar… Read more »


India People Dealbook: Paytm hires Samsung’s Misra; Google gets CEO for self-driving cars

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Paytm, the mobile commerce and services company, has hired former Samsung senior executive Nitin Misra to lead its payments business. In another major move, Google has said that John Krafcik, who was heading Hyundai’s operations in the United States, will join the company as the first chief executive for its… Read more »