Nysaa hires former ShopClues, V-Mart CFO to head group finance

AHMEDABAD: Carpediem Capital-backed Nysaa Retail has bolstered its top deck as the value retail chain starts preparing for an initial public offering. The company named Deepak Sharma its group chief financial officer. Sharma previously was CFO at ShopClues and V-Mart. Nysaa also appointed Nitin Motwani, a former executive at Boston Consulting Group and Egon Zehnder, as the group chief HR officer and Gaurav Sharma, who previously worked at Metro Cash & Carry India, ABRL and the Future Group, as head of marketing. Nysaa, which operates stores under the 1-India Family Mart brand, is exploring its IPO by…

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Technology must amplify the best of humanity Microsoft Indias former chairman

Bhaskar Pramanik, 65, capped a corporate career spanning 45 years with six years at Microsoft India, from where he retired last month as chairman. A science fiction fan and lover of awkward acronyms for action plans, Pramanik remains optimistic about technology for the good of all. He tells Forbes India that disruption is taking place at the bottom of the pyramid, and that our values must evolve with advancements in technology. Edited excerpts: Q. It is often thought that some great technologies have had very long gestation periods at Microsoft.…

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Brazil attempts to stop government collapsing by drafting former president into cabinet

Protesters demanded the removal of President Dilma Rousseff at the weekend in Sao Paulo amid a corruption scandal and a deep economic recession Getty Images For the first time in Brazil’s political history, a former president is expected to become a serving minister in a bid to stop the government of Dilma Rousseff collapsing under a mammoth corruption scandal, and stave off the threat of presidential impeachment. The unprecedented move to appoint former President Luiz Inácio Lula da Silva (best known as Lula) to a key ministerial role in President…

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