Agarwal's departure from the Aditya Birla Group comes after the conglomerate recently appointed Savitri Dadhich, a co-founder of law firm Dastur Dadhich & Kalambi, as a strategic adviser to counsel the group on matters related to transactions, arbitration and litigation.
Agrawal joins Tata Sons from the Aditya Birla Group, where he was head of strategy. In FY12, Tata Sons' equity investments into group companies were smaller than the dividends it earned from them.
Agrawal is expected to move into his new role at Tata Sons CFO on July 1 according to sources close to the matter.
Tata Group Chairman N Chandrasekaran handpicked Aditya Birla Group's Saurabh Agarwal as the group's CFO. During his stint, Agrawal oversaw the multi-billion Idea-Vodafone merger and the acquisition of Jaypee's cement assets by Ultratech. "It is an exciting time for the group under the leadership of Chandrasekaran, and I look forward to contributing to the group's profitable growth with my experience in corporate finance", Agrawal said.
Many in Bill Cosby jury pool have opinions about his guilt
The trial will take place in Norristown in Montgomery County, where Cosby had invited Andrea Constand to his home in 2004. And 35 of the 100 people questioned said they or a family member or close friend has been the victim of a sexual assault.
An investment banker for most of his career, Agrawal was previously regional head of corporate finance (South Asia) for Standard Chartered Bank.
Former Tata Sons chairman Cyrus Mistry had ushered in financial discipline into numerous companies cleaning up balance sheets by taking impairments and selling businesses-acquired when Ratan Tata was chairman - that were unprofitable.
Agrawal "brings deep capital markets knowledge and valuable cross-industry experience to this critical leadership role in the Tata group", Chandrasekharan said in the emailed statement.
Agrawal comes into the company at a time when numerous group companies are under financial stress and Agarwal would be required to play a key role there. The board of Tata Sons had, post Mistry's removal, cited a drop in its dividend income as a measure of his under-performance and one of the reasons for his being replaced.
I shall sleep well. "We have to keep working hard and staying focused, and a lot of that is rhythm of the game". Cubs pinch hitter Ian Happ then tripled to deep center and Blach was pulled in favor of right-hander Derek Law.
Pujols felt his hamstring get tight on him when he tried stretching a hit into a double on Wednesday. The Angels, who cannot have a designated hitter while playing at Citi Field in NY , will start C.J.
He, however, did not give any date for the proposed challenge which he announced in his opening remarks at the meeting. However, the only way to secure these against manipulations is to have a paper trail system.
Absence from the Champions League results in dire financial losses for the administration of the team. Losing the Europa League final is a prospect that doesn't bear thinking about at Manchester United.
I told him I loved him and he said, 'But you know once this starts, we're going to try to kick your (butt). The game hung around the 10-point era until an 11-0 Warriors run midway through the second quarter.
The clip shows Erdogan emerging from a vehicle to watch the melee before heading inside the Turkish ambassador's residence. Both opponents and supporters of Erdogan accuse each other of provoking the brawl which left more than 10 people injured.
This year's budget debate, Republicans hope, would grease the way for a major overhaul of the loophole-cluttered tax system. Get great content delivered straight to your inbox every morning Monday-Friday at 8:00am, just a click away, Sign Up Now.
Harris, however, stressed that China and Russian Federation , the North's traditional backers, can no longer look the other way. The allies agreed that dialogue with North Korea could happen under the "right conditions", Yoon said.
Lalu Yadav's aide and senior RJD leader Prabhunath Singh has been awarded life sentence in a 22-year old murder case. Prabhunath 's brother, has made a decision to challenge the lower court verdict in the High Court.
Dans un discours très attendu prononcé à Ryad devant les représentants d'une cinquantaine de pays musulmans, M. Donald Trump verra le président de l'Autorité palestinienne Mahmoud Abbas ce mardi en Cisjordanie.
On Tuesday, he is set to meet with Palestinian lead Mahmoud Abbas in the West Bank and deliver a speech at the Israeli Museum. The U.S. has never recognized Israeli sovereignty over territory occupied in 1967, including east Jerusalem.
Climbers Killed In Deadly Week On Mount Everest
According to the AP, "The Nepalese Tourism Department issued a record 371 permits this year to people to scale the mountain". The weather conditions subsided over the weekend, and a window opened to try to climb the summit which peaks at 8848 meters.
Warriors Looking to Close Out Spurs Monday Night
Golden State played at a 10 for most of the last two games but isn't taking anything for granted against a proud Spurs squad. Curry is averaging 30 points on 18 shots per game against the Spurs, making 50 percent of his 32 three-point attempts.
A look at the top moments from the Billboard Music Awards
Later on she showed up in one of Cher's iconic stage costumes and danced along to Cher's performance from the audience. She made that point with her outfit at the Billboard Music Awards and a boast she can do a 5-minute plank .
Sweden Beats Canada To Win Hockey Worlds
It took just 10 seconds for O'Reilly to tie the game at 1-1, flipping a Mitch Marner rebound over Lundqvist's right shoulder. It was a unusual goal from distance as the defenseman just lifted the puck and it somehow bounced in through Pickard's legs.