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Business Briefs

Nagpal in new role

Calcutta, Jan. 22: Entertainment company Saregama has appointed Apurv Nagpal as managing director. Nagpal will replace Subroto Chattopadhyay. Nagpal, 37, was earlier marketing director at SABMiller. Nagpal told The Telegraph that increasing sales from music and establishing Saregama as a production house in Bollywood are his immediate priorities. Saregama owns over 300,000 songs in India. But physical sales of music are falling worldwide.

Microsoft jobs

New York, Jan. 22: Microsoft will slash 5,000 jobs over the next 18 months. “Microsoft will eliminate up to 5,000 jobs in R&D, HR, marketing, sales, finance, legal, and IT over the next 18 months, including 1,400 jobs today,” the company said. The layoff, however, would not be impacting the Indian operations. “It’s not going to impact us. No job cuts in India,” a Microsoft India spokesperson said.

Essar mine

New Delhi, Jan. 22: The Essar group has bagged a mineral concession in north Brazil, which will cater to the iron ore requirement of its proposed 2.5-million-tonne steel plant in Trinidad and Tobago.

Gas supply

New Delhi, Jan. 22: The empowered group of ministers has decided that gas from the Krishna Godavri D-6 fields could be given to the proposed Dadri power plant being set up by the Anil Ambani group.


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