IN­DIAN­ORI­GIN SURYADE­VARA TO BE­COME CFO OF GEN­ERAL MO­TORS

Hindustan Times ST (Mumbai) - - HTINSIGHT -

HOUS­TON: Dhivya Suryade­vara, an ac­com­plished In­dian-amer­i­can char­tered fi­nan­cial an­a­lyst, has been named the chief fi­nance of­fi­cer of the US’ largest au­tomaker, Gen­eral Mo­tors, the first woman to get the po­si­tion in the auto in­dus­try. Suryade­vara, 39, cur­rently the vice-pres­i­dent, cor­po­rate fi­nance, will suc­ceed Chuck Stevens, the GM’S present CFO, on Septem­ber 1, the com­pany said in a state­ment. Chen­nai-born Suryade­vara will re­port to GM’S chief ex­ec­u­tive of­fi­cer (CEO) Mary Barra, who has been head of the au­tomaker since 2014 and the only woman to run an au­to­mo­bile com­pany.

Tata Trusts puts trust in Airasia’s Venkatara­manan

MUM­BAI: Tata Trusts, one of In­dia’s old­est phil­an­thropic or­gan­i­sa­tions, has de­nied the in­volve­ment of R. Venkatara­manan, its man­ag­ing trustee and a non-ex­ec­u­tive di­rec­tor on the board of be­lea­guered air­line Airasia In­dia Ltd, in the bribery in­ves­ti­ga­tion ini­ti­ated by the Cen­tral Bureau of In­ves­ti­ga­tion (CBI) on May 29, ac­cord­ing to a state­ment re­leased by the trust on Thursday. The trustees, at a meet­ing on Thursday, “cat­e­gor­i­cally re­it­er­ated that the re­ported in­ves­ti­ga­tions have noth­ing what­so­ever to do with the af­fairs of any of the Tata Trusts”, the state­ment added.

Ola’s losses widen to ₹4,898 crore in FY17

NEW DELHI: Ride hail­ing app Ola saw its losses widening to ₹4,897.8 crore, even though its to­tal in­come grew 70% dur­ing FY2016-17 as com­pared to the pre­vi­ous fis­cal, as per reg­u­la­tory doc­u­ments. Ola, which is locked in a bruis­ing bat­tle for mar­ket lead­er­ship in the In­dian mar­ket against Amer­i­can ri­val Uber, had reg­is­tered a loss of ₹3,147.9 crore in FY2015-16. Dur­ing the same pe­riod, ANI Tech­nolo­gies—saw its con­sol­i­dated to­tal in­come ris­ing over 70% to ₹1,380.7 crore as against ₹810.7 crore in FY2015-16, as per doc­u­ments filed with Reg­is­trar of Com­pa­nies (ROC).

Com­pa­nies raise nearly ₹1,900 crore in April 2018

NEW DELHI: Fund mo­bil­i­sa­tion by In­dian firms through is­suance of shares to in­sti­tu­tional in­vestors dropped by 64% to nearly ₹1,900 crore dur­ing April 2018, in com­par­i­son to the year-ago pe­riod. Dur­ing April 2017, the firms had mopped up ₹5,206.65 crore. As per the lat­est data avail­able with the Sebi, the cap­i­tal gar­nered by the listed com­pa­nies through the qual­i­fied in­sti­tu­tional place­ment (QIP) route stood at ₹1,862 crore in the first month of the fi­nan­cial year 2018-19. This is 64.24 per cent less than that raised in the cor­re­spond­ing month of the pre­vi­ous fis­cal.

For­tis calls off SRL, For­tis Malar merger scheme

NEW DELHI: For­tis Health­care has said it is with­draw­ing the scheme of amal­ga­ma­tion be­tween For­tis Malar Hos­pi­tals and SRL due to de­lay in com­ple­tion of the process and strong head­winds in the sec­tor. “The en­tire process was ex­pected to take 6-8 months, how­ever, due to rea­sons be­yond the com­pany’s con­trol, the process has taken over 19 months and is still not com­plete,” For­tis Health­care said in a late night fil­ing on Wednesday. The scheme is cur­rently pend­ing for ap­proval with the NCLT, Chandi­garh bench, it added.

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