IndiaCatalog.com
India News
Search Web Directory
News Home
Ex-Infosys independent director Ravi Venkatesan in talks for a big role at Amazon India
Posted on 14th May 2018
BENGALURU: Ravi Venkatesan, the former Infosys cochairman, is discussing a potential offer to join US ecommerce giant Amazon in its India business in a senior role, said two sources familiar with the matter. Venkatesan, who has earlier also served as the head of Microsoft India, could join as either a board member, chairman or a senior advisor at Amazon India, the sources said.

“Venkatesan is looking at multiple offers and has held multiple discussions with Amazon since last year,” said one person cited above and is involved in the process.

Venkatesan is also discussing a role with Bill & Melinda Gates Foundation, said the sources. ET could not ascertain the exact role Venkatesan is considering with the Gates Foundation. Venkatesan said “no comments,” in response to queries from ET.

An Amazon India spokeswoman said that “we do not comment on rumours and speculations.” Venkatesan stepped down from the board of Infosys last week to “pursue exciting new opportunity.”

The 54-year-old’s talks for a role at Amazon’s Indian unit comes amidst growing chatter that the online retail giant’s country head Amit Agarwal is being considered for a bigger global role at the Seattle-based company. Agarwal, who is part of Amazon’s global senior leadership team (S-team) reporting directly to founder Jeff Bezos since 2016, has denied these rumours and has said that his focus continues to be on India.

Till now, Amazon has not constituted a formal board for its Indian operations. Amazon’s biggest focus in India is the online retail business where Bezos has committed an investment of $5 billion.

The company faces tougher competition as US retail major Walmart recently said it will acquire market leader Flipkart and may also bring in Google-owner Alphabet as an investor, EThad reported.

But Amazon has also built a significant presence in areas like cloud business and also has a large development centre, which helps build product for its global operations.

These businesses are run through different subsidiaries in India with shares of each directly held by Amazon’s different global units.

Venkatesan is currently the non-executive chairman of public sector lender Bank of Baroda and has previously served on the boards of Harvard Business School, AB Volvo, Bunge and Thermax. He also served on boards of philanthropic organisations like Social Venture Partners and Rockefeller Foundation.

As chairman of Microsoft India from 2004 and 2011, he helped establish the unit as the software major’s second-largest presence worldwide. Before Microsoft, Venkatesan was chairman of Cummins India.

Related Companies: Infosys Technologies Limited   Amazon India   

Other Latest News
Air India deals under investigation; ED probes alleged money laundering during UPA-I: Report
Posted on 20th October 2018
The Enforcement Directorate (ED) is probing the merger of Air India and Indian Airlines and the acquisition of 111 aircraft for alleged money-laundering during the UPA-1 era, The Indian Express reported on Saturday. The ED probe has come more than a year after the Central Bureau of Investigation (CBI) began investigating the deals.

EU approves $7.5 bn acquisition of GitHub by Microsoft
Posted on 20th October 2018
The European Commission on Saturday announced it has approved the $7.5 billion acquisition of GitHub by Microsoft.

The Commission said that effective competition in the relevant markets would continue and Microsoft would have no incentive to undermine the open nature of GitHub’s platform.


HDFC Bank net up 20.6% to Rs 50 bn in Sep quarter; gross NPAs rise 1.33%
Posted on 20th October 2018
Private lender HDFC Bank on Saturday reported a 20 per cent increase in its net profit to Rs 50.05 billion during the quarter ended September.

The bank's performance was in line with estimates, especially with healthy growth in the net interest income. The private sector lender had registered a net profit of Rs 41.51 billion in the July-September quarter of 2017-18 (FY18).


Amritsar train accident: Nitish questions public events near railway tracks
Posted on 20th October 2018
Expressing grief over the train accident in Punjab, Bihar Chief Minister Nitish Kumar has questioned the level of preparedness for the public event near railway tracks.

More than 58 people were mowed down by a train on railway tracks Friday evening at Joda Phatak area near Amritsar during Dussehra celebrations.


Phone makers in Europe to pay Google $40 per device to carry Google's apps
Posted on 20th October 2018
Android manufacturers will have to pay $40 per device to Google in Europe to be featured into Google Play Store and other mobile apps.

According to a report in The Verge on Friday, a confidential fee schedule shows costs as high as $40 per device to install the "Google Mobile Services" suite of apps.


» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Ex-Infosys independent director Ravi Venkatesan in talks for a big role at Amazon India
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Ex-Infosys independent director Ravi Venkatesan in talks for a big role at Amazon India

Most Read News

Rupee weakens 9 paise to 73.92 against US dollar in early trade

Rs 15,000 crore in 5 days: Amazon, Flipkart clock record numbers during festive sales

Air India pilots keep flying despite takeoff mishap

Good news: Pink Line Delhi Metro to open by Diwali

ICICI Bank gets RBI clearance to appoint Sandeep Bakhshi as its MD and CEO

More India News

Photo Gallery

Hyundai(10 Images)Hyundai
Jaguar XJ(20 Images)Jaguar XJ
Ranveer Singh(10 Images) Ranveer Singh
  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2018 IndiaCatalog.com
    All Rights Reserved
Privacy Statement