William Bissell The Man: The MD of Fabindia transformed the export-focussed textile company that his expat father founded into a big domestic brand, and changed the way the upwardly mobile Indian male dressed during functions and festivals. Fabindia has now hit the accelerator with private equity funding. He says we need to examine our assumptions of how narrowly we want to define performance. The Oeuvre: Started artisans co-operative in Rajasthan...
12:55 PM, May 25, 2012
New Delhi: Google has announced the completion of its $12.5 billion acquisition of cellphone maker Motorola Mobility Holdings on Tuesday. Sanjay Jha, who revived Motorola's Mobile Devices business, has stepped down as CEO and Dennis Woodside has been appointed as the new CEO of Motorola Mobility. Dennis Woodside oversaw Google's acquisition of Motorola Mobility, and is former President of Google's Americas region. He has worked with partners, governments and advertisers...
07:17 PM, May 22, 2012
San Francisco: Facebook founder and CEO Mark Zuckerberg updated his status to "married" on Saturday. Zuckerberg and 27-year-old Priscilla Chan tied the knot at a small ceremony at his Palo Alto, California, home, capping a busy week for the couple, according to a guest authorised to speak for the couple. The person spoke only on the condition of anonymity. Zuckerberg took his company public in one of the most anticipated...
08:12 AM, May 20, 2012
New York: Yahoo's former chief executive Scott Thompson, who quit the Internet firm recently amid allegations of manipulating his resume, will not be entitled to a severance package. Severance package are benefits an employees receives on leaving the company in addition to regular pay. Thompson, who took over the reins of once-dominant Yahoo in January, quit the company on Sunday. He was in negotiations with Yahoo over his separation agreement...
12:22 PM, May 16, 2012
San Francisco: Yahoo Inc Chief Executive Scott Thompson has stepped down after a controversy over a fake computer science college degree on his biography, the third CEO in three years to leave the Internet company struggling to define its future. The departure is a victory for hedge fund manager Daniel Loeb of Third Point LLC, which is one of Yahoo's largest outside shareholders and brought the discrepancy in Thompson's educational...
07:06 AM, May 14, 2012
New York: Yahoo Inc Chief Executive Scott Thompson is stepping down after a controversy over a fake computer science college degree on his biography, according to the blog AllthingsD. Thompson's interim replacement will likely be Yahoo's global media head Ross Levinson. Yahoo's board is also closing in on a settlement with activist shareholder Daniel Loeb of Third Point, who discovered Thompson's misstep, AllthingsD said. ...
10:58 PM, May 13, 2012
San Francisco: Yahoo Inc Chief Executive Scott Thompson, at the centre of a row over his educational qualifications, told his top executives on Thursday he never provided a resume or incorrect information to Yahoo, a source familiar with the situation said. Thompson held a meeting with senior staff to address the controversy that erupted a week ago, and has caused turmoil at the struggling Internet company and raised questions about...
11:54 AM, May 11, 2012
San Francisco: Yahoo Inc's board convened on Monday afternoon to discuss the mounting upset surrounding Chief Executive Scott Thompson, who has apologised to employees after being accused last week by activist investor Daniel Loeb of padding his resume, a source with knowledge of the matter said. The source, who declined to be identified because of the sensitivity of the issue, said the board meeting was expected to address aspects of...
10:58 AM, May 08, 2012
San Francisco: Yahoo has confirmed a shareholder's allegation that its chief executive officer (CEO) Scott Thompson did not have a computer science degree as claimed, saying that it is "an inadvertent error". "Scott Thompson's degree at Stonehill College was in bachelor science in accounting. There was an inadvertent error that stated Thompson also holds a degree in computer science," said Yahoo in a statement to technology news site AllThingsD. "This,...
11:51 AM, May 05, 2012
New York: Apple CEO Tim Cook has long seen as the humorless and unemotional guy running the show from behind the scenes. But he is beginning to reveal a more assertive and eloquent side, hinting that he's learning to shoulder more of Steve Jobs' role as a front man and leader. On a conference call with journalists and financial analysts late Tuesday, Cook showed some fire when talking about competitors,...
08:03 AM, Apr 26, 2012
Portland: Motorola Mobility Holdings Inc. CEO and Chairman Sanjay Jha's compensation more than tripled in 2011 to $47.2 million, including awards tied to the company's split from Motorola Solutions. The old Motorola Inc. divided into two companies in January 2011, and Google Inc. is now awaiting final approvals for its purchase of Motorola Mobility for $12.5 billion. Documents the company filed Friday with the Securities and Exchange Commission show Jha's...
09:45 AM, Apr 23, 2012
New Delhi: The Election Commision on Wednesday laid stress on strengthening election expenditure monitoring mechanism and asked polls officials to focus on training of its officials in this regard. On the concluding day of the two-day conference of chief electoral officials (CEOs), top EC officials asked the CEOs of states to tighten the election monitoring mechanism and train their officials for ensuring this. The top poll officials were asked to...
04:59 AM, Apr 12, 2012
Tokyo: Sony Corp CEO Kazuo Hirai signaled his determination to turn around the group's ailing TV business by keeping direct charge of the division, as the Japanese brand fights to regain ground against rivals such as Apple. Hirai, who formally takes over as chief executive from Howard Stringer next week, inherits a company that - like much of corporate Japan - has been outgunned in recent years by rivals like...
04:24 PM, Mar 27, 2012
New York: Citigroup Chief Executive Vikram Pandit finally got his payday. The third biggest US bank company paid Pandit $14.86 million in 2011, compared with a salary of $1 and no bonus in 2010, according to a filing with the Securities and Exchange Committee. The 2011 payout included salary of $1.7 million and cash supplemented by a cash bonus of $5.3 million and options valued at $7.8 million. In 2009,...
09:16 AM, Mar 09, 2012
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Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
