REUTERS - Bharti Airtel said its board will consider on Friday appointing Manoj Kohli as the company's managing director, extending a management restructuring exercise aimed at reviving growth at the world's No. 4 cellular carrier by customers.
Kohli, a company veteran, currently heads Bharti Airtel's international operations as its chief executive officer and is also a joint managing director of the company. He is currently based in Nairobi, the headquarters of Bharti Airtel's African operations.
Bharti's founder billionaire Sunil Mittal, who is currently its chairman and managing director, will become executive chairman of the company, after Kohli moves to his new role.
Gopal Vittal, who is set to take over as the chief executive of Bharti Airtel's key domestic operations in March, is to be named as an additional director and joint managing director, the company said in a stock exchange filing on Wednesday.
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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article