Atul Karmarkar.Com

Shikha Sharma, CEO and MD of ICICI Prudential Life Insurance, has decided to move on. She has been offered the top job at Axis Bank, which caused current chairman and CEO JP Nayak to put in his papers after being at the helm for nine years. Nayak was against her appointment, and wanted an insider to [...]

Well, well… so Satyam finally has a new Chairman as well as a new CEO. The names did come somewhat as a surprise, though - Kiran Karnik has been appointed Chairman, and A.S Murty was named the company’s CEO. Incidentally, Karnik is one of the six member team that is investigating the fraud at the company. Murty has [...]

India’s largest largest IT company Tata Consultancy Services has announced that S.Ramadorai, MD and CEO since 1996, is set to step down after 12 years at the helm, making way for N.Chandrasekaran. This is in line with the Tata group’s retirement policy. Ramadorai, who turns 65 in October, will relinquish executive power but continue to be associated with TCS [...]

ICICI Bank finally announced that Chanda Kochhar is to be the next Chief Executive Officer and Managing Director of the bank for a five year term starting May 01, 2009.  She will take over from K.V Kamath, one of the giants of the banking industry, who will become the non-executive Chairman, while another doyen, N.Vaghul, the present non-executive Chairman, will retire from the [...]

The unprecedented scale of the terror attacks on Mumbai caught several people completely unawares. As news about the deaths of top police officials came in, it also came to light that several top businessmen, both Indian and foreign, who were either staying at the Taj / Trident or had visited these hotels for a quiet [...]

Carnation Auto, the brainchild of Jagdish Khattar, the ex-chief of Maruti Suzuki, is a multi brand sales and service network that will aim to cater to vehicles of all types and brands. This is the holding company, through which Khattar also has plans to get into real estate and other joint ventures. Initially, the investment [...]

The Indian IT industry saw a quick exit by two top level executives. Venkatesh Roddam, the chief executive officer of Satyam BPO, has resigned. The company, in a statement, said his resignation has not created any leadership vacuum in the company, saying COO Vijay Rangineni will take charge in the interim before a new CEO [...]