Published On: Sun, May 29th, 2011

Business News and Affairs to know

Mahindra & Mahindra (M&M)
has renamed its Logan car as Verito.

Anup Bagchi has taken over as the MD and CEO of ICICI Securities.

Veteran banker K.V. Kamath has been appointed as the Chairman of Infosys, in place of founder N.R. Narayana Murthy. S.D. Shibulal has been elevated as the CEO and MD.

Ashok Soota, the ousted chairman of the Bangalore-based software major MindTree, has launched a new company by the name of Happiest Minds Technologies Pvt Ltd with a mission to “creating the happiest customers and the happiest team”.

Italian luxury sports car maker Maserati has announced its foray into the Indian market with its complete range of cars.

The latest Nielson corporate image monitor has rated Tata Steel as the best in a list of Indian firms, followed by Tata Motors and Aditya Birla Nuvo. Wipro retained the fourth rank and Bharti Airtel was ranked fifth.

The Union Ministry of Defence has signed a Rs 1,904-crore contract with Tata Power’s Strategic Electronics Division (Tata Power SED) for modernising 30 Indian Air Force airbases across India. The project is officially called Modernization of Airfield Infrastructure (MAFI)

Leading global consumer goods firm Reckitt Benckiser Group plc. has appointed India-born Rakesh Kapoor as its global CEO.

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