Jignesh Shah, promoter of the Financial Technologies group that promoted National Spot Exchange, seems to have taken a cue from the Prime Minister. Like Manmohan Singh, Jignesh Shah has also claimed innocence of the fraud happening under him. Claiming that he is a victim of the crisis, Jignesh Shah is either rash or he has been lucky to build such a big empire.

The need to make Jignesh Shah accountable for the NSEL crisis

Business Standard

By his own admission (as told to a business magazine a couple of years ago), Anjani Sinha used to read "a lot of thrillers and novels with a lot of suspense" during his growing-up years. They must have left a deep imprint on his mind, as the former National Spot Exchange (NSEL) managing director & CEO has scripted a plot that can easily beat the twists and turns of the thrillers he was so fond of.

Why Anjani Sinha's affidavit is a joke

Ashok Vemuri, before taking up his current role as IGate CEO, was Head of Infosys Americas and also their Global head of manufacturing and engineering services. His role involved setting strategic direction, driving financial and operational excellence and providing overall leadership.

Who is Ashok Vemuri?

Leading IT security solutions provider Quick Heal Technologies today said it has appointed Rajesh Ghonasgi as Chief Financial Officer.

Quick Heal Technologies appoints Rajesh Ghonasgi as CFO

Press Trust of India

Financial Technologies Ltd (FTIL) today appointed T C Nair as independent director on the board of the company.

FTIL appoints T C Nair as independent director

Even as Ashok Vemuri, the former top executive at Infosys prepares to take the helm of Nasdaq-listed IT services company, iGate, there are multitude of issues before the company which are waiting for quick attention from the new CEO.

New iGate CEO, Ashok Vemuri to face major challenges

IT outsourcing company iGate Corp named Ashok Vemuri as its chief executive, nearly four months after sacking its then CEO Phaneesh Murthy over an undisclosed relationship with a subordinate.

iGate names Vemuri as president, CEO

Kolkata Port Trust chairman R P S Kahlon today assumed additional charge as chairman of the Visakhapatnam Port Trust.

Kahlon takes over additional charge of Vizag port

Admist concerns over the visa curbs set out in the US Immigration Reform Bill, Infosys Chairman N R Narayana Murthy said Indian IT firms need to hire more locals for their onsite operations and that he is not a great fan of running a company based on visas.

I'm not a great fan of running company based on visas: Murthy

Toyota Kirloskar Motor Vice-Chairman Vikram Kirloskar has been elected as the new President of automobile industry body SIAM.

Vikram Kirloskar is new SIAM President

As part of its strategy to increase focus on the enterprise business, Reliance Communications (RCom), on Friday, said that it has appointed Deepak Khanna as CEO, India Enterprise.

RCom gets new CEO for enterprise business

The country's largest sugar firm Bajaj Hindusthan today appointed Anand Kumar Kanodia as the new Chief Financial Officer (CFO).

Bajaj Hindusthan appoints new CFO

State-run IDBI Bank today said it has elevated Melwyn Rego as the deputy managing director.

Rego elevated as Deputy MD at IDBI Bank

Ten months before his term expires, Gail India Chairman and Managing Director, B C Tripathi, has been recommended by the Ministry for Petroleum and Natural Gas for a second term at the company. Gail is nation's biggest natural gas distributor.

BC Tripathi may get a second term as Gail CMD

BS Reporter

Syndicate Bank today said T K Srivastava has assumed charge as Bank's Executive Director on September 1.

Srivastava is Syndicate Bank's new Executive Director

Barclays Wealth and Investment Management today said it has appointed Balaji Vardhan as a director in the company.

Barclays Wealth appoints Balaji Vardhan as director

Dinesh K Sarraf will be the new Chairman and Managing Director of Oil and Natural Gas Corp (ONGC), the nation's most profitable company.

D K Sarraf will be ONGC Chairman

Drug firm Eli Lilly and Company India today said it has appointed Edgard Olaizola as the company's Managing Director for operations in India and Sri Lanka with effect from September 1, 2013.

Eli Lilly appoints Edgard Olaizola as MD for India, Sri Lanka

Saugato Bhowmik has joined Viacom18 as the head of consumer products business. He comes in from Unilever where he led sales strategy development for general trade business across all key markets. He replaces Sandip Dahiya who left the company to join Bennett Coleman Company Limited to head the business brands there.

Saugato Bhowmik joins Viacome18 as head, consumer products business

IT services firm NIIT Technologies today said it has appointed former Infosys Senior Vice President Sudhir Chaturvedi as it Chief Operating Officer (COO).

Former Infosys' Senior VP Sudhir Chaturvedi joins NIIT Tech

German luxury car maker Audi today announced a top level management change in its Indian operations, with Joe King being appointed as Head effective from September 1, 2013 in place of Michael Perschke who is moving back to the headquarters.

Joe King to be Audi India head, Perschke back to Germany

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