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<![CDATA[ PepsiCo India CEO D Shivakumar resigns, to join Aditya Birla Group ]]> PepsiCo India Holdings Pvt. Ltd’s chairman and chief executive officer D. Shivakumar has resigned, and will be joining Aditya Birla Group as president (corporate strategy and business development). Ahmed El Sheikh, currently senior vice-president and general manager for PepsiCo Egypt and Jordan, will succeed Shivakumar as PepsiCo India CEO, the beverage maker said in a statement. Aditya Birla Group director (human resources) and CEO, Carbon Black Business, Santrupt B. Misra, confirmed Shivakumar’s appointment. ]]> 2017-10-10 08:51:18
<![CDATA[ Veeba Food raises $6 million from Verlinvest, others ]]> eeba Food Services Pvt. Ltd, has raised a little over $6 million (Rs40 crore) in a series C round led by its existing investor Verlinvest, the Belgium-based investment holding company of Anheuser-Busch InBev founding families, said two people aware of the development. Verlinvest manages €1.8 billion in assets across the globe. Incorporated in 2013, Veeba Food supplies sauces and dips to restaurants and fast-food chains including KFC, Pizza Hut, Burger King, Taco Bell, Domino’s and Starbucks. ]]> 2017-10-10 08:49:41
<![CDATA[ iPhone 8 users complain of swollen batteries, Apple says it's looking into matter ]]> In what reminds us about the Samsung Galaxy Note 7 debacle last year, there have been at least half a dozen cases where batteries of newly-launched Apple iPhone 8 and 8 Plus are swelling and phones are being left split-apart. The first case was reported in Taiwan where a woman found her iPhone 8 swollen apart after plugging it in to charge. The woman had purchased a 64GB Rose Gold iPhone 8 Plus and she put it on charge, using the supplied cable and adaptor. ]]> 2017-10-09 00:13:32
<![CDATA[ Y&R Philippines names Rey Tiempo as Chief Creative Officer ]]> Y&R today announced the appointment of Rey Tiempo as the new Chief Creative Officer of Y&R Philippines. A copywriter by discipline, Rey has more than 15 years’ industry experience, having worked on and produced effective and award-winning campaigns for the biggest local, regional and global brands, ranging from automotive, retail, food & beverage, to electronics, beauty, wellness and various advocacies. Having ranked as the Philippines’ number 1 Creative Director, Rey is consistently named among the region’s hottest creatives. ]]> 2017-10-09 00:09:22
<![CDATA[ SlicePay gets funding from Japan's Das Capital, others ]]> SlicePay, a fintech startup that helps college students make ecommerce purchases of products such as phones and even services such as cab rides, has raised $2 million as part of its ongoing series-A round from new investors including Japan’s Das Capital and Simile Ventures from Russia. Existing investor Blume Ventures also participated in the round. SlicePay, which is currently operational in three cities where it engages with students from over 500 colleges, plans to use the funding to scale operations to three more cities, as well as for senior-level hiring. ]]> 2017-10-06 00:36:32
<![CDATA[ Daniel Mazon takes over as Philips India vice-chairman and MD ]]> Philips India Ltd, the local unit of Netherlands-based Royal Philips, on Thursday said it has appointed Daniel Mazon as vice-chairman and managing director, effective 3 October. Mazon replaces Raja Venkataraman, who retired on 30 September. Venkataraman served as the vice-chairman and managing director of Philips India since December 2015. Mazon, who has two decades of experience in healthcare industry, will be responsible for driving the overall growth for Philips businesses in India, while focusing on customers and operational excellence. ]]> 2017-10-06 00:34:23
<![CDATA[ Nokia may foray into 4G feature phones ]]> HMD Global, maker of Nokia-badged feature and smartphones, may soon enter the emerging 4G featurephone segment that is getting a huge push from JioPhone. Ajey Mehta, India VP for HMD Global said that the JioPhone is definitely going to have impact on the segment, and there is no question about it. They are watching how this materializes and that if they see a viable business proposition, they would definitely consider it and participate. ]]> 2017-10-05 01:58:44
<![CDATA[ Rajnish Kumar new SBI chairman as Arundhati Bhattacharya retires ]]> Rajnish Kumar, 59, the senior most of the managing directors at State Bank of India (SBI), will become the 25th chairman of the country’s largest lender, succeeding Arundhati Bhattacharya, who is set to retire on 6 October. The government on Wednesday announced his appointment for three years. Kumar currently is in charge of retail banking at SBI. Kumar’s appointment comes at a time when SBI’s profitability is under strain because of ballooning bad loans and sluggish credit growth. At the end of June, the bank was weighed down by gross non-performing loans of Rs1.88 trillion. ]]> 2017-10-05 01:53:38
<![CDATA[ Assist Card picks The Thinking Machine Asia for Indonesia creative duties ]]> Travel assistance brand Assist Card has appointed The Thinking Machine Asia (TTM) as its creative agency. The appointment, which is for the Indonesia market only, runs from October 2017 to December 2018 and is worth around US$250,000. The agency will be responsible for building awareness and helping to grow the business for Assist Card in Indonesia. It will also be responsible for developing an integrated marketing communications campaign for 2018. Work is slated to roll out from December 2017 onwards. ]]> 2017-10-03 22:25:51
<![CDATA[ Barclays: Jaideep Khanna elevated to sole head of Asia-Pacific at Barclays ]]> Former India CEO at Barclays Jaideep Khanna will take over as the sole head of the bank in Asia Pacific with immediate effect, less than a year after he was elevated as co-head in the region. In an internal announcement Tim Throsby, CEO corporate and investment bank at Barclays said Khanna will take over as sole head following the appointment of Reid Marsh as head of banking for Europe, Middle East and Asia Pacific. Marsh was co-head for Barclays with Khanna in Asia Pacific. ]]> 2017-10-03 22:24:25