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Etcetera
Vikram Sahgal, Additional Director for Fortis At a meeting,
the Board of Directors of Fortis Financial Services Ltd has
appointmed Vikram Sahgal as an Additional Director, in the
capacity of "Independent Director" with immediate
effect.
C Mohan IBM India's new Chief Scientist
IBM has announced the appointment of IBM Fellow, Dr C Mohan
as the Chief Scientist for IBM India. In this new role, Dr
Mohan will be responsible for development and leadership of
IBM's technical community in India. He will help leverage
IBM's technical strengths to build synergies with key stakeholders,
give impetus to client engagements, and develop first-of-its
kind projects in India. He will also be a key representative
of IBM India's technical community with the government, academia,
customers and business partners. Dr Mohan is an IBM veteran
and holds 34 patents to his credit. Dr Mohan was, till recently,
at IBM's Almaden Research Center in San Jose, California where
he worked on database and related topics. He has a rich experience
and understanding of IBM, profound expertise in his field,
and a strong vision for the country.
Akshay Adhalrao new MD, Dynalog India
Dynalog India Ltd. has appointed Akshay Adhalrao as the managing
director of the company. The position was earlier held by
his father Shivajirao Adhalrao Patil, a member of parliament.
He has big plans for Dynalog India with respect to the automation
and hardware industry. A management graduate from the Fisher
College of Business, Ohio State University, he plans to consolidate
the holding by entering in newer growth avenues such as embedded
systems and industrial networking and communication.
Management change in LG Elec
* Nam Yong, former Vice-Chairman of LG and CEO of LG Telecom
is going to be LG Electronic's new CEO and Vice-Chairman.
Nam will take over the charge from Kim Ssang-su, who had headed
the country's top home appliance maker since 2003.
* LG Electronics has promoted James Jeong, former head of
corporate finance at the company, to replace Chief Financial
Officer Kwon Young-soo.
* LG has appointed Skott Ahn and Simon Kang as the new heads
of its mobile communications and display businesses, respectively.
* KR Kim to head A-Pac operations of LG
LG Electronics India (LGEIL) Managing Director KR Kim, credited
with the success of the India operations of the Korean chaebol
is moving to Bangkok to head the Asia-Pacific region business.
LG India Deputy MD, Moon B Shin has succeeded him from January
1, 2007 and will report directly to Korea. Recently, Kim,
regarded as one of the top five executives of the Korean chaebol's
electronics arm, was assigned with the additional charge of
South East Asia and Australia. He was then also made responsible
for operations in Asia and Australia except Japan, Taiwan
and China. Kim who joined the Korean chaebol in 1997 as MD
and since then played a significant role in establishing the
company's numero uno position in the durables market. He has
been at the forefront of LG's positioning as a brand with
competitive pricing, focus on technology, aggressive sales
and marketing and an enviable distribution network, which
led to the growth of the brand in the past decade.
John Mack gets record $40 mn bonus
Morgan Stanley CEO, John Mack has received the biggest bonus
for the head of a Wall Street firm. Under his leadership,
the company has headed for the best profit in its 71-year
history, for which he is awarded with $ 40 million from the
company. Mack has received shares valued at $ 36.2 million
as of December 12, and about $ 4 million in options to buy
Morgan Stanley shares. The firm also granted more than $ 57
million in bonuses for seven other top executives.
LAUNCHES
Pantaloon Retail to launch Yatra restaurants
Pantaloon Retail India (part of Kishore Biyani's The Future
group) is launching a budget chain of thali-style restaurants
called Yatra by the end of this fiscal. Offering cuisine from
across India and the world, the first of these restaurants
will open in Mumbai soon. The second restaurant will be opened
in Ahmedabad. The company plans to roll out the chain across
the country eventually.
Air compressor by Elgi
Elgi has extended its range of compressors with the recent
launch of the E45 trolley-mounted, oil-injected, electric-powered
screw air compressor, widely used in the construction, quarrying,
plant-hire and general industry segments. A three-phase, TEFC
squirrel-cage motor with 'F' class insulation powers the single-axle
compact and portable machine. It features an integrated electric-driven
motor, resulting in increased motor performance, reduced power
consumption and lower maintenance costs. The low-emission
E45 is suited for applications near urban areas where electric
power is readily available and environmental impact is a concern.
Low operating costs ensure high return on investment. It has
a free air delivery range of 294 cfm at a working pressure
of 7-bar g. Its high motor efficiency ensures quiet operation
and high reliability and durability required for operating
rock drills, chipping hammers, breakers, and pneumatic pumps
and for surface finish applications like sand blasting
Mahindra-Renault to launch Logan
Mahindra-Renault, a 51:49 joint venture between Mahindra
& Mahindra (M&M) and French carmaker Renault, is planning
to launch the mid-sized sedan car, Logan in February. Mahindra-
Renault has set up its Logan car plant adjacent to M&M's
state-ofthe- art manufacturing facility at Nashik. The total
investment in the project is around Rs 6 billion and commercial
operations have already started. Almost half of the parts
of Logan will come from Europe, while it will source the rest
from 35 vendors across India, including 10 vendors from Nashik.
Lear Corporation, JBM Auto, Sharda Motors and Reliable Group
are among the major vendors of Mahindra-Renault.
Asian Paints launches Kahaani Har Ghar Kii
Asian Paints, market leader in paints in India, has unveiled
the TV Serial Shade Book called "Kahaani Har Ghar Kii".
It is a unique collection of extra deep, rich, vibrant shade
combinations to bedeck Indian homes. The collection is mainly
inspired by three famous soap operas of Stat Plus - Kahani
Ghar Ghar Ki, Kasautii Zindagii Kay and Shararat.
Sakshi Tanwar, popularly known as Paarvati Bhaabi of the
Kahani Ghar Ghar Ki, has launched the book. Sakshi believes
that the Asian Paints interior emulsion shades make the atmosphere
at sets energetic, alive and cheerful. This shade book has
been conceptualised in order to meet the needs of décor
conscious consumers across metros and smaller towns, who experiment
with urban trends. The book provides inspiration to customers
to choose from a collection of unique shade combinations.
This collection showcases the concept of a 'Feature Wall',
which is a single wall (in a room) painted in an Extra Deep
Shade that is highlighted with the use of a complimentary
or contrasting colour on the rest of the walls. Asian paints
has specially formulated these 'Extra Deep' shades across
the range of interior wall finishes, from economy entry emulsions
to the most expensive luxury emulsion. With the launch of
the TV Serial Shade Book, Asian Paints is attempting to bring
the décor of the TV serials to the common mans home.
Asphalt cutter by Swiss India
Swiss India has launched Swiss Concrete/Asphalt Cutter. This
Swiss groove-cutting machine is ideal equipment for cutting
the hard concrete for expansion joints. The machine has dummy
joints (Shrinkage Control Joints), asphalt pavement cut and
pot hole repair cut. The machine is easy to operator and can
be handled easily because of its lightweight. The machine
gives accurate repair depth cuts, if control mechanism is
fitted in the machine. The machine has water spray attachment,
powered by electric motor. Water pump optionally required
as party.
Hitech introduces Biegemaster
Hitech Engineers & Consultants (India) has introduced
Biegemaster, developed by Sperr & Lechner. Hitech are
exclusive distributors in India for the Biegemaster, folding
machine. Made in Germany, the machine is designed for producing
all profiles for wall and roof such as gutters, copings, flashings,
etc. Biegemaster, long folding machines are available from
3-12 meters working length and material thickness from 1 mm
up to 3 mm for steel and proven in both craft and industrial
fields.
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