Tata Power hires new MD

Tata Power hires new MD

On January 31st 2011, Tata Power will experience a big change strategically as well as emotionally as Mr. Prasad R Menon retires from the MD post of the company. Tata power has already announced his replacement as Mr. Anil Sardana will be the new MD of the company effective from February 1st 2011.

He has served as MD of TATA Teleservices Limited for over three years and TATA Teleservices (Maharashtra) Limited for the last six months.

His qualifications include Electrical Engineering from Delhi College of Engineering, a Cost Accountant and a Post Graduate Diploma in Management from Delhi. On table, he has an experience of over 30 years and an expertise in the power sector.

He also has the pleasure and experience of working with companies like NDPL (a subsidiary of TATA Power), NTPC and BSES which will come in handy while serving Tata Power.

N. Srinath, managing director and chief executive officer of Tata Communications will be taking Sardana's current position as managing director of Tata Teleservices and TTML.


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Overseas firms look past weakness in Indian economy

Overseas firms look past weakness in Indian economy

Global firms are making huge investments in India's consumer market, despite the overall weakness in the Asia's third-largest economy.

In the recent past, consumer goods giant Unilever announced its decision to invest $5.4 billion to increase its stake in its Indian arm Hindustan Unilever Ltd.

Available figures suggest that foreign companies collectively spent around $9.86 in mergers and acquisitions in India this year. The figure is the highest in Asia.

Chennai-born Mittu Chandilya to pilot AirAsia’s India operations

Chennai-born Mittu Chandilya to pilot AirAsia’s India operations

AirAsia's CEO Tony Fernandes on Wednesday revealed the identity of the person who will pilot the Malaysian airline's India operations.

Fernandes, the promoter of AirAsia, had announced in March that the airline had selected a very smart boy from Madras, with an amazing CV, as the CEO for AirAsia India.

Revealing the identity of the AirAsia India CEO, he yesterday said the CEO is 32-year-old, Chennai-born Mittu Chandilya, who is currently based in Singapore.