Tata Consultancy Services has appointed Vijay Kelkar and Ishaat Hussain to the board. The total board strength of the company increases to twelve directors which include six independent directors, including Kelkar, the most recent addition.
Kelkar holds a doctorate in development economics from the University of California at Berkeley and worked in the Government of India in key posts, including as advisor to the minister of finance; finance secretary; secretary of ministry of petroleum and natural gas; and most recently as chairman, finance commission. He also served on several government task forces including as chairman of Implementation of the Fiscal Responsibility and Budget Management Act.
Hussain joined the board of Tata Sons as an executive director in 1999, prior to which, he served as executive director, finance at Tata Steel for almost 10 years. He is also the chairman of Voltas and Tata Sky and serves on the boards of several Tata group enterprises.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.