Anxiety, excitement, suspense, and drama...no it's not just about the release of a Bollywood movie. The opening of an IPO in Indian retail financial market has all these ingredients and much more.
Its a `mela' of Initial Public Offerings in the booming Indian capital market with several IPOs lined up for the investor response.
Around 10 companies, including Idea Cellular, Power Finance Corporation, Indian Bank, Firstsource Solutions, Transwarranty Finance and Euro Ceramics are in the fray to corner more than Rs 6,000 crore of investor money this month to fund their future business plans.
IPO market has come a long way. And with the regulators keeping an eagle eye on the market, it has become all the more transparent with the corporates having to meet a host of compliances before even dreaming about the big buck.
Courtesy : Expressindia.com
It's raining IPOs in booming Indian capital market
February 6, 2007, 9:37 amIndra Nooyi elected PepsiCo Chairperson
February 6, 2007, 9:35 am
Indian-American corporate honcho Indra Nooyi, known as one of the most powerful women in the US, has been elected as the Chairperson of the PepsiCo, the board of directors of the company announced today.
Nooyi, 51, is currently Chief Executive Officer of the more than $32 billion global convenient food and beverage company, a role she assumed on October 1, 2006.
PepsiCo board of directors said that it has elected as Chairperson, its chief executive Indra K Nooyi, as Chairman of the board, effective when Executive Chairman Steven S Reinemund, 58, retires on May 2, as he announced last August.
"I'm incredibly honoured by the board's confidence, and extraordinarily fortunate to follow in the footsteps of Steve Reinemund and all my illustrious predecessors," said Nooyi.
"PepsiCo is on a sound strategic course with solid momentum thanks to Steve's leadership, and along with every PepsiCo associate, I'm looking forward to building on the lasting legacy created by him, Roger, Wayne, Don and Herman," she said.
Nooyi becomes the fifth Chairman and Chief Executive Officer in PepsiCo's 42-year history, following Reinemund (2001-2006), Roger A Enrico (1996-2001), Wayne D Calloway (1986-1996) and Donald M Kendall (1971-1986.) Herman W Lay served as PepsiCo's first Chairman (1965-1971), while Kendall served as CEO.
Nooyi joined PepsiCo in 1994 and directed worldwide strategy for over a decade. She was the primary architect of PepsiCo's restructuring and transformation, including the merger with Quaker Oats and the acquisition of Tropicana, which added some of the world's strongest health and wellness brands to PepsiCo's portfolio.
Courtesy : Expressindia.com
Nooyi, 51, is currently Chief Executive Officer of the more than $32 billion global convenient food and beverage company, a role she assumed on October 1, 2006.
PepsiCo board of directors said that it has elected as Chairperson, its chief executive Indra K Nooyi, as Chairman of the board, effective when Executive Chairman Steven S Reinemund, 58, retires on May 2, as he announced last August.
"I'm incredibly honoured by the board's confidence, and extraordinarily fortunate to follow in the footsteps of Steve Reinemund and all my illustrious predecessors," said Nooyi.
"PepsiCo is on a sound strategic course with solid momentum thanks to Steve's leadership, and along with every PepsiCo associate, I'm looking forward to building on the lasting legacy created by him, Roger, Wayne, Don and Herman," she said.
Nooyi becomes the fifth Chairman and Chief Executive Officer in PepsiCo's 42-year history, following Reinemund (2001-2006), Roger A Enrico (1996-2001), Wayne D Calloway (1986-1996) and Donald M Kendall (1971-1986.) Herman W Lay served as PepsiCo's first Chairman (1965-1971), while Kendall served as CEO.
Nooyi joined PepsiCo in 1994 and directed worldwide strategy for over a decade. She was the primary architect of PepsiCo's restructuring and transformation, including the merger with Quaker Oats and the acquisition of Tropicana, which added some of the world's strongest health and wellness brands to PepsiCo's portfolio.
Courtesy : Expressindia.com
Yahoo goes ‘desi’ with 7 Indian languages
February 6, 2007, 9:25 am
Internet brand Yahoo on Thursday announced that Yahoo India portal is now available in seven Indian languages -- Hindi, Kannada, Tamil, Telugu, Malayalam, Punjabi and Gujarati.
It also announced that Yahoo Messenger 8.0 now allows users to chat in nine Indian languages -- Hindi, Kannada, Tamil, Telugu, Malayalam, Punjabi, Bengali, Marathi and Gujarati.
Managing Director of Yahoo India George Zacharias said the localization of the Yahoo India portal will revolutionize user experience and invite more users to access information on a daily basis for news, reviews and events happening around them
"Innovation is key driver for our product development, in order to make Yahoo relevant to the next 200 million Indians that will come online in the next few years," Zacharias told reporters.
Courtesy : Expressindia.com
It also announced that Yahoo Messenger 8.0 now allows users to chat in nine Indian languages -- Hindi, Kannada, Tamil, Telugu, Malayalam, Punjabi, Bengali, Marathi and Gujarati.
Managing Director of Yahoo India George Zacharias said the localization of the Yahoo India portal will revolutionize user experience and invite more users to access information on a daily basis for news, reviews and events happening around them
"Innovation is key driver for our product development, in order to make Yahoo relevant to the next 200 million Indians that will come online in the next few years," Zacharias told reporters.
Courtesy : Expressindia.com
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