Mumbai, Feb 21 (PTI) FMCG major P&G India has elevated Madhusudan Gopalan as its new managing director and chief executive effective April, replacing Al Rajwani.
Having spent 18 years at the company Gopalan is a P&G veteran and is currently leading P&G Indonesia. Rajwani is retiring from the company after 37 years by March 31 and during his term P&G India became a profit making company in three-digits profit.
Gopalan started his career with P&G in India 1999 as a new hire in the sales function from the IIM- Calcutta and worked in various locations across including being part of P&G's first modern retail team. His first international assignment was at the headquarters in the US, where he worked with the P&G Wal-Mart business team.
Royal Orchid opens new hotel in Nashik
Hospitality firm Royal Orchid Hotels has announced the opening of its new hotel in Nashik--Regenta Resort Soma Vine Village with a 32-keys.
"We are taking continuous steps towards expanding our presence all over the country. The Nasik hotel is one such move towards achieving our aim," Royal Orchid Hotels managing director Chander K Baljee said today.
With Nashik now, the company has added eight properties this fiscal year taking the number to 49 hotels. ********
Weizmann Forex acquires payments platform JaldiCash
Foreign exchange and inward remittances player, Weizmann Forex has has received board approval to acquire Weizmann Impex Enterprises, which owns 'JaldiCash', an integrated payments and solutions platform.
JaldiCash has an exclusive nationwide network of over 18,000 channel partners. The proposed merger appointed date this April 1, it said in a statement today.
The platform assists business partners to distribute multiple services that currently include domestic money transfer, utility bill payments, Indo-Nepal remittances, online airline/railway ticketing and two-wheeler insurance. Axis Bank opens offshore unit at IFSC
Third largest private sector lender Axis Bank has opened an offshore banking branch at Gift City in Gandhinagar, which will help in further diversification and expansion of cross-border asset products.
It said through the unit, it can trade in foreign currency in overseas markets and also with domestic banks, raise funds in foreign currency in deposits & borrowings from non-residential sources and provide loans and liabilities products for clients.
Mahindra Logistics signs up Embassy Industrial Parks
Mahindra Logistics has signed up with Embassy Industrial Parks to operate out of its Rs 350-crore project at Chakan on the outskirts of Pune.
"The new warehouse at Chakan is part of our post GST strategy of offering strategically located facilities, to cover a larger area," the company said. Embassy has teamed up with private equity major Warburg Pincus to create the 1.1 million sq ft space in the auto hub.
IDFC Bank to have 200 branches by Sep
After announcing to merge with non-bank lender Capital First, private sector lender IDFC Bank is planning to up its branch network to 200 by September from the present 135.
"We are in the process of adding more branches and plan to touch 200 overall branches by September 2018," Executive Director Avtar Monga told reporters. It inaugurated its maiden retail branch in Hyderabad and plans to add four more in the capital of Telangana.
Nasscom in blockchain JV with Canadian institute
Software industry lobby Nasscom has signed an agreement with Canada's Blockchain Research Institute (BRI) under which they will co-invest in startups and develop skill-sets.
The two entities will collaborate for various activities including joint webinars, and knowledge sharing in terms of case studies by BRI for like minded Indian organisations and government departments wanting to deploy Blockchain as a technology, Nasscom said in Hyderabad.
Both the entities plan to establish a centre of excellence that will provide high-end technology capabilities, expertise, thought leadership, and curated programmes to explore the adoption of blockchain.
India, US top in cybersecurity talent pool: report
India and the US account for the largest proportion of global cybersecurity talent pool as both the countries account for 16 per cent of the cybersecurity manpower each, followed by Britain (13 per cent) and France at 12 per cent, says a Capgemini study.
The French company interviewed over 1,200 professionals at large companies with reported revenue of over USD 500 million for FY2016 and more than 1,000 employees for the survey.