Vijay Sheth re-appointed Great Offshore MD
Mumbai: Vijay K Sheth has been reappointed as the managing director of Great Offshore by the company's board of directors. Great Offshore is the new entity born out of the demerger of Great Eastern Shipping's offshore business. The board's decision ends speculation that other members of the Sheth family were trying to replace Vijay Sheth with a professional in the offshore services space. The company's board also declared an interim dividend of Rs 8 per share (80 per cent) to its shareholders.
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Wal-Mart grabs Reliance Retail's top execs
New Delhi: Two top execs from Reliance Retail have joined Wal-Mart leading to another round of hectic movements in the country's emerging retail sector.

S Ramesh, the head of buying operations at Reliance Retail has quit to join Wal-Mart as head of sourcing operations while Abhinandan Shukla, in charge of confectionery, is also learnt to have quit and headed for Wal-Mart.

Those who have received offers at Wal-Mart say that apart from the 30 pc flat hike over existing remuneration packages, Wal-Mart is also throwing its five-day-work schedule as a bait to lure talent which Indian retailers cant' match.

S Ramesh was initially heading Wal-Mart's sourcing office in Bangalore and played a role in increasing Wal-Mart's sourcing from India which currently stands at around $650 million.
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