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
Facebook brings India on par with Menlo Park
Posted on 17th January 2019
Mumbai: Facebook, in a major overhaul of business structure, has carved out India as a separate region with a six-member board that will be treated on a par with the one at its Menlo Park headquarters in the US.

The India board will also be the first such for Facebook in any of its markets outside of the US. The local office will also report directly to Menlo Park and will no longer be part of Facebook’s Asia Pacific operations.


Larsen & Toubro Infotech acquires Ruletronics for $7.48 million
Posted on 17th January 2019
IT midcap and digital solutions company Larsen & Toubro Infotech (LTI) announced the acquisition of Ruletronics, a pure-play Pega consulting and implementation company with offices in the UK, USA, and India for $7.48 million.

The acquisition will strengthen LTI’s rapidly growing digital business with a suite of capabilities in Pega implementation space around establishing BPM Roadmap & Strategy, Customer Services, RPA and Decisioning.


Axis Bank hits record high; rallies 12% in two weeks
Posted on 8th January 2019
Shares of Axis Bank hit a record high of Rs 679 per share, up 2 per cent on the BSE, on expectations of a strong recovery in earnings, due to lower provisioning. The stock surpassed its previous high of Rs 677 recorded on September 10, 2018, in intra-day trade.

In the past two weeks, Axis Bank has outperformed the market by surging 12 per cent, as compared to a 3 per cent rise in the S&P BSE Sensex.


BHEL to set up electric vehicle charging stations on Delhi-Chandigarh highway
Posted on 17th January 2019
New Delhi: State-owned Bharat Heavy Electricals Ltd (BHEL) on Thursday said it will set up a network of solar-based electric vehicle chargers (SEVC) on the Delhi-Chandigarh highway.

"The establishment of EV chargers at regular intervals over the entire 250 km stretch between Delhi and Chandigarh would allay range-anxiety among the electric vehicle users and bolster their confidence for inter-city travel," the company said in a statement.


Amazon lists over 1,000 job openings in Hyderabad, Bangalore despite new e-commerce rules
Posted on 17th January 2019
New Delhi: Undeterred by India’s revised e-commerce policy that kicks off from next month, Amazon has not stopped hiring engineers and managers in India. An analysis of job listings on Amazon shows the e-commerce giant has more than 1,400 vacancies in India. In Bangalore and Hyderabad, there are over 1,000 open positions with software engineers being the most in demand.

» 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

NSE algo trading case: 62 broking firms may have had preferential access to NSE servers

Johnson & Johnson hip implants: Supreme Court accepts compensation formula

Ford unveils new Explorer. What is different in new SUV?

Air India flying high: Passenger revenues up 17% at Rs 15,081 crore in April-December

Maruti Suzuki hikes car prices for select models from today

More India News

  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 - 2019 IndiaCatalog.com
    All Rights Reserved
Privacy Statement