Bangalore: City-based global information technology (IT) and research and development (R&D) services company MindTree Ltd on Wednesday announced the appointment of P.K. Gopalakrishnan as senior vice-president and head of its India operations.
In this role, Gopalakrishnan would hold business responsibility for Indian enterprises, defence and government sectors across both IT services and R&D services businesses, the company said in a statement.
He would also help in building MindTree’s system integration capability, which the organization is strongly intent on acquiring along with its existing base of services.
Gopalakrishnan brings with him 23 years of experience in the industry. Prior to joining MindTree, he worked with Wipro Ltd, where he was responsible for the government and defence industry vertical in India, the statement said.
—PTI
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SBI MF appoints Navneet Munot as CIO
Mumbai: SBI Funds Management on Wednesday announced the appointment of Navneet Munot as its chief investment officer (CIO) with effect from 12 December.
In his earlier assignment, Munot was executive director with Morgan Stanley Investment Management, where he was also head, multi-strategy funds.
He has also worked as CIO, fixed income and hybrid funds, with Birla Sun Life AMC.
—PTI
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Honda Siel postpones production at Tapukara
New Delhi: Honda Siel Cars India Ltd said it would postpone plans to produce vehicles at its plant in Tapukara, Rajasthan, due to slowing car sales.
The capacity had originally been scheduled to be added in the fourth quarter of 2009, the company said in a release. No new date has been announced.
The company had planned to invest Rs1,000 crore at the plant out of which Rs600 crore has been spent in land acquisition, the press shop and the power train unit. For now, the Tapukara plant will supply components to Honda Siel’s plant in Greater Noida, a company spokesperson said.
—Samar Srivastava
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AAI says Air India owes Rs739.5 crore
Mumbai: National air-carrier Air India “has to pay us Rs739.5 crore as landing and parking charges”, an Airports Authority of India (AAI) official said on condition of anonymity.
The dues are till 31 October, the official said, adding that, “we have no security deposit of Air India with us against these dues unlike private air carriers”. On Tuesday, civil aviation minister Praful Patel had informed Parliament that private carriers owe Rs362 crore as landing and parking fees to AAI.
While SpiceJet owes Rs15.76 crore against a security deposit of Rs30.50 crore, low-budget carrier IndiGo’s outstanding is Rs6 crore against Rs46.05 crore, the official said. The Wadia Group-promoted GoAir’s dues are Rs3.81 crore against Rs13 crore security money, he said. All business-class airline Paramount Airways has a higher outstanding compared with the guarantee money at Rs12.50 crore against Rs6.50 crore.
—PTI
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Poor demand: ACC shuts clinker plant for 15 days