Bain Capital to enter credit business in India, hires director

MUMBAI: Bain Capital, world’s leading private multi-asset alternative investment firm, is all set to expand its operations in credit & special situations business in India. Bain Capital Credit, its credit specialist arm, has hired Suruchi Nangia as a director as part of setting up an independent Indian team for credit operations, two people close to the development said. Nangia, former […]

Facebook Hires Shahriar Rabii, Google’s Head of Chip Development, to Lead Its Own Efforts

Facebook, in an effort to further its ongoing development of AI-based chips, has hired one of Google’s lead chip developers – Shahriar Rabii. Previously Senior Director of Engineering at Google, Rabii has taken up the role of Vice President and Head of Silicon at Facebook, following the almost seven-year stint at Google. Earlier this year, Facebook […]

Tata Boss Chandrasekaran Hires Bankers To Streamline Businesses, Sell Or Merge Units

Nearly six months after his turbulent elevation to run India’s biggest conglomerate, Natarajan Chandrasekaran is assembling a team of dealmakers to refocus some of the group’s biggest businesses, expand its financial services and consumer businesses and sell or merge dozens of smaller units, according to interviews with senior executives. As many as one-third of the […]

Facebook Hires Former CNN Anchor Campbell Brown for News Role

Facebook Hires Former CNN Anchor Campbell Brown for News Role Former CNN reporter, anchor and host Campbell Brown is joining Facebook Inc to lead its news partnerships team, an appointment aimed at repairing the online social media company’s troubled relationship with the traditional media. Brown announced the move in a post on her Facebook page […]

fb Hires experts to increase Oculus department in Europe: record

Social networking giant fb has employed a group of experts in London to create the primary eu base for its Oculus virtual fact division, a media report said. The social community has substantially extended its British team of engineers and developer family members personnel within the last six months after acquiring Oculus for $2 billion […]