Idea Cellular board to be headed by Kumar Mangalam Birla
Mumbai: A day after it completed the acquisition of 48 per cent stake from the Tata group, Idea Cellular has announced a newly reconstituted board of directors.

Kumar Mangalam Birla, chairman of the AV Birla group, has been named the chairman of Idea Cellular while the other board members are: Rajashree Birla, chairperson, Aditya Birla Centre for Community Initiatives and Rural Development; Sanjeev Aga, managing director, Aditya Birla Nuvo, Debu Bhattacharya, managing director, Hindalco; Saurabh Misra, director, Aditya Birla Management Corporation, and CEO, UltraTech Cement and M.R. Prasanna, group executive president (legal), Aditya Birla group.

Aditya Birla Nuvo holds 34.7 per cent stake in Idea; Birla TMT Holdings Ltd 44.9 per cent, Grasim 7.5 per cent and Hindalco 10.1 per cent.
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Samir Bhatia appointed Barclays' India comm banking chief
Mumbai: Samir Bhatia has been appointed as of head of the commercial banking business of Barclays International Retail and Commercial Banking in India

Bhatia will head the IRCB business in India working closely with the Barclays Capital team to ensure one face to market. His role will cover retail banking, when it is launched; corporate banking, treasury, trade finance, cash management, credit risk and all central support functions.

Bhatia will report directly to Renier Lemmens, chief operating officer for Barclays International retail and Commercial Banking.
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