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MARKETS: Sensex, Nifty move in green; Metals outperform, Banks subdued
Markets at 12 noon LIVE market updates: The key headline indices remained listless at noon and were largely flat. The BSE Sensex was up 27 points at 58,024 and the NSE Nifty was at 17,349, higher by 27 points. HDFC, Reliance, Tata Steel, L&T, Titan and Wipro were the leading gainers on the Sensex, up 0.5-1.5 per cent. On the Nifty, Tata Consumer, Hindalco, JSW steel, ONGC, Bajaj Auto and Tata Motors were the top winners, up to 2 per cent higher. ALSO READ | The recent slide in Nifty Auto saw bullish accumulation and even witnessed a smart recovery around the same mark. Now, any…
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CFOs on the Move: Week Ending December 17
Katja Dürrfeld Auto sections maker Continental AG named Katja Dürrfeld chief money officer, productive right away. Dürrfeld will be responsible for team finance and managing and team information know-how. She will also be responsible for finance in the future automotive team sector beginning in 2022. Dürrfeld began her vocation at Continental in 1997, keeping operational positions in IT, internet marketing, profits, logistics, auditing, and obtaining. In 2013, she was named head of team audit. Previous chief enterprise officer of ZipRecruiter Timothy Yarborough was named the occupation aggregator’s finance chief final week. Yarborough normally takes around for David Travers, who was named president. Yarborough has also held the positions of senior vice president…
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CFOs on the Move: Week Ending December 3
Trip-hailing support Lyft on Thursday introduced that Elaine Paul was named main economic officer, effective Jan. three, 2022. Paul replaces Brian Roberts, who is stepping down but will continue being an adviser right up until June 2022. Since 2019, Paul has served as CFO and vice president of finance for Amazon Studios, accountable for portfolio and economic arranging for Amazon’s slate of authentic film and tv programming. Ahead of joining Amazon, Paul was CFO of Hulu. Ahead of Hulu, she spent 19 yrs at Disney in senior finance, tactic, and small business enhancement roles. Paul was named a CFO to Watch by CFO Magazine in 2018. Chryssa Halley Fannie Mae, the govt-sponsored…
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CFOs On the Move: Week Ending October 22
George Davis Intel CFO George Davis strategies to retire in May well 2022. Davis will continue on to provide in his latest part right until his successor is appointed. Davis joined the semiconductor company in 2019 from Qualcomm, where by he was CFO and executive vice president. In the course of his tenure, he served on the company’s executive committee and was liable for top the worldwide finance business, IT, and trader relations. He beforehand held quite a few management positions, which include main money officer and executive vice president at Utilized Components and vice president of finance at Atlantic Richfield. Tom Vadaketh will sign up for Bausch Overall health Organizations…
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CFOs On the Move: Week Ending October 15
Anthony Terry Marriott Vacations Worldwide promoted Anthony Terry to main economical officer. Terry, who was most a short while ago senior vice president of world wide operational finance, joined Marriott Holiday vacation Club Worldwide in 1996 as supervisor of economical accounting was quickly promoted to roles of increasing duty. In the course of his tenure at the enterprise, Terry led work affiliated with the company’s progress, including the spin-off of Marriott Vacations Worldwide from Marriott Worldwide in 2011 and he also supported the $four billion acquisition of ILG in 2018. Just before signing up for the enterprise, Terry labored at The Walt Disney Corporation and Arthur Andersen. Melissa Thomas Melissa…
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CFOs On the Move: Week Ending October 1
Dan Durn Adobe named Dan Durn as executive vice president and chief money officer, effective October 18. Durn joins the application maker from Used Components, where he has been CFO given that 2017. He was formerly executive vice president and CFO at NXP Semiconductors N.V. adhering to its merger with Freescale Semiconductor. Ahead of that, Durn was CFO and executive vice president of finance and administration at GlobalFoundries and was managing director, head of mergers and acquisitions and approach at Mubadala Technological know-how Fund. Previously in his career, Durn was vice president of mergers and acquisitions in the engineering observe at Goldman Sachs. Durn will take about for John Murphy,…
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CFOs On the Move: Week Ending September 24
Tiziana Figliolia Hootsuite appointed Tiziana Figliolia as the social media manager’s new finance main. Most not too long ago, Figliolia was vice president of finance at InterDigital, a cellular and video technologies developer. Right before that, she invested 10 yrs in Shanghai doing work with program providers PTC and Autodesk. She was senior vice president of worldwide organization functions at PTC and held a variety of senior management roles at Autodesk, where by she orchestrated strategic and monetary arranging procedures during intervals of double-digit progress and worldwide recessions and served develop the corporation from $800 million to $two.five billion in profits above a decade. Christine Janofsky Christine Janofsky was named…
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TN opposes move to hike GST on coconut oil in less-than-1-litre pack to 18%
Tamil Nadu strongly opposed the go to improve GST fee on packed edible coconut oil of significantly less than one particular litre to eighteen per cent from 5 per cent, terming the proposal anti-bad, anti-Southern States, which generate bulk of the coconuts, and anti-Indian as it will aid other imported oils. “The elementary principle of fairness requires that we cannot solitary out a south-Indian centric domestic oil for a 360 per cent GST fee improve, whilst leaving other Indian and imported oils at 5 per cent,” the Condition Finance Minister Palanivel Thiaga Rajan stated at the forty fifth GST Council Conference on Friday. The Fitment Committee advisable that holding in…
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CFOs On the Move: Week Ending September 10
Stephanie Peng Transcarent appointed Stephanie Peng as CFO. Before becoming a member of the wellness and treatment system, Peng was CFO of Teladoc Health and fitness U.S., where she was the financial strategist for four firms with a mixed $two billion in once-a-year revenues. Before that, she was senior vice president of finance at Livongo Health and fitness, where she performed a vital management function in the most significant purchaser digital wellness IPO in history, a secondary giving, a convertible personal debt giving boosting more than $550 million, and Livongo’s $eighteen.five billion merger with Teladoc Health and fitness. She has also served as CFO at Vida Health and fitness and…
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TN tea planters worried over State’s move to revise minimum wages
Tamil Nadu Government’s proposal to revise the minimum wages for workers in the plantation sector has triggered worries in the Condition tea sector. The TN Government has issued a draft notification dated July 30, proposing revision of minimum wages for employment in plantations rising tea, coffee, rubber and cinchona in the Condition. As for each the most recent proposals, the workers would be entitled to a wage increase of ₹87 for each working day for workers in tea estates, which is the predominant plantation crop in Tamil Nadu. The afflicted functions are expected to submit their objections or tips to the proposals in the notification inside a period of two…
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