Mumbai, Dec 26 (PTI) Cash-strapped Infrastructure Leasing & Financial Services (IL&FS) Wednesday said it has appointed retired Indian Administrative Service (IAS) official Bijay Kumar as deputy managing director of the company.

The company has also appointed N Srinivasan as a non-executive director of the company.

The decision on both the appointments were taken in the board meeting held on December 24, 2018, the company said in a filing to exchanges.

Earlier this month, the group had appointed N Sivaraman as the group chief operating officer (COO). He had earlier worked with the L&T Group.

The group debt stood at Rs 94,215.6 crore as of October 8, 2018.


Bankbazaar meets fiscal hiring target ahead of time;to hire 200 more

* Financial products distributor Bankbazaar Wednesday said it has completed its 2018-19 target of hiring 800 people with three months to go and will be hiring 200 more in the remainder of the fiscal year.

The jump in overall hiring to 1,000 will be courtesy a faster growth from both the metros and non-metros, its chief executive and co-founder Adhil Shetty said.

Number of visitors to the website have doubled over the last year, he said.

*************************************************** ICICI Pru MF launches a new open-ended equity scheme * ICICI Prudential Mutual Fund Wednesday launched a new fund offering for its ‘India Opportunities Fund’, which is an equity scheme following special situations as a theme.

The fund will be market cap and sector agnostic in its investment approach, where it will aim to turn crisis points for companies into opportunities for a long term investor, an official statement said.

*************************************************** Sterling Holiday Resorts names Manish Jain as CFO * Sterling Holiday Resorts on Wednesday said it has appointed Manish Jain as Chief Finance Officer.

Prior to joining Sterling, he was the Finance Director at Fassco International Pte in Abu Dhabi and as CFO at Roots Corporation (Ginger Hotels). He was associated with Taj Hotels for over eight years.

He has also held key leadership roles at Westin, Ista Hotels, Polar Group and Hindustan Development Corporation.

This is published unedited from the PTI feed.