Diabytes
Rajiv Bansal News
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Bansal took charge of Air India last year
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Senior bureaucrat Rajiv Bansal was on Thursday appointed as the chairman and managing director (CMD) of Air India, according to a Personnel Ministry order. Bansal, a 1988-batch IAS officer of Nagaland cadre, is at present additional secretary in the ministry of petroleum and natural gas.
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Infosys had lost the arbitration over the severance package to Bansal and had been asked to pay outstanding amount of Rs 12.17 crore with interest.
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Bansal's severance payout has been one of the issues that Infosys founders had raised to allege governance lapses at the Bengaluru-based firm.
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A 1985-batch Karnataka cadre officer, Kharola would be steering the national carrier at a time when the government has started the process for its strategic disinvestment.
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Earlier, Murthy had accused Infosys and its board of failing in disclosure and corporate governance norms.
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Infosys said in a statement on Wednesday it had applied to the Securities and Exchange Board of India as it wanted to resolve allegations, including issues related to not seeking the prior approval of the nomination and remuneration committee and disclosures relating to the payout.
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Kharola, a Karnataka cadre officer, would replace Rajiv Bansal, who has been serving as the interim CMD for a little over three months.
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The airline, which has a debt burden of over Rs 50,000 crore, managed to eke out operational profit for the first time in a decade in 2015-16.
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The disinvestment-bound national carrier is discussing the possible routes that can be rationalised starting from the winter schedule next month.
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Bansal is taking over as Air India CMD at a time when the government is working on the modalities for the disinvestment of the loss-making national carrier.
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Rajiv Bansal, former CFO of Infosys, has dragged his former employer to arbitration to claim the remaining Rs 12 crore of his severance pay.
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Cab aggregator Ola continues to see top management churn with its CFO Rajiv Bansal and Chief Marketing Officer Raghuvesh Sarup putting in their papers.
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Ola operates in 102 cities across the country, offering cab services with incentives.
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Consolidated net profit in July-September rose to Rs 3,398 crore compared with Rs 3,096 crore in the year-ago period, the company said in a statement.
He will be replaced by M D Ranganath, who has been with the company for nearly 15 years.
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