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Udyog
Ratna award for Ravi Nedungadi, CFO, UB group
Bangalore: Ravi Nedungadi, President & Chief Financial
Officer of the UB group, has been conferred with the Udyog
Ratna Award by the Institute of Economic Studies.
Nedungadi is credited with bringing in a sea change and
transparency to the financial operations in the UB group.
He played a key role in the recent acquisition of Shaw
Wallace & Co by UB for Rs1,300 crore.
He was also instrumental in the Rs940-crore deal between
Scottish & Newcastle Plc and UB last year, a company
statement said.
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State
Bank of Hyderabad appointments
Hyderabad: Sebastian Chacko and P.C. Thomas, Deputy
General Managers at State Bank of Hyderabad, have been
promoted as General Managers and posted to State Bank
of Patiala and State Bank of Indore respectively, according
to a bank release.
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