1. www.csrajivbajaj.com
THOUGHT OF THE DAY
THOUGHT OF THE DAY
“Learn to enjoy every minute of your life. Be happy now. Don’t
wait for something outside of yourself to make you happy in
the future.”
Law Updates:
RBI hikes FDI limit in Insurance Sector to 49% under automatic
route.
RBI relaxed ECB norms for infrastructure companies to raise funds
overseas.
MCA has notifies the Companies (Accounting Standards)
Amendment Rules, 2016.
PROFESSIONALS INPUTS:
CBEC vide Notification No. 25/2016-Customs dated 30th
March,
2016 has notified exemption from customs duty on cut/polished
diamonds imported for testing/certification.
CBEC vide Notification No. 28/2016 – Customs dated 31st
March,
2016 seeks to amend Notification No. 69/2011-Customs, dated 29th
July, 2011 so as to provide deeper tariff concessions in respect of
specified goods imported under the India-Japan Comprehensive
Economic Partnership Agreement (IJCEPA), w.e.f. 1st of April,
2016 .
RBI vide Notification No. FEMA.366/2016-RB dated 30th
March,
2016 has notified Foreign Exchange Management (Transfer or Issue
of Security by a Person Resident outside India) (Fifth Amendment)
Regulations, 2016.
SEBI vide Circular No. SEBI/HO/CFD/DIL/CIR/P/2016/47 dated
31st
March, 2016 has issued clarification regarding applicability of
Indian Accounting Standards to disclosures in offer documents
under SEBI (ICDR) Regulations, 2009.
MARKET WATCH:
SENSEX: 25274 .15 -61.76 NIFTY: 7716.90 -20.50
SILVER: 36726 .00 397.00 GOLD (MCX): 28554.00 147.00
USD/INR: 66.25 -0.14 CRUDE OIL: 2573.00 24.00
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
https://www.facebook.com/Rajiv
1Bajaj
http://www.csrajivbajaj.com
Date: 01st
April, 2016
2. www.csrajivbajaj.com
Rajeev Suri
Chief Executive Officer of Nokia
Rajeev Suri (born 1967) is the chief executive officer of Nokia. Before the
current assignment in May 2014, he was the CEO of Nokia Solutions and
Networks since 2009 and held various positions in Nokia since 1995. Suri
became the CEO of Nokia when the sale of Nokia's phone division to
Microsoft Mobile was completed. He has a Bachelor of Engineering from
Manipal Institute of Technology and worked for multinational corporations
in India and Nigeria, before joining Nokia.
Early life and Education
Rajeev Suri was born in New Delhi in 1967 to parents Yashpal and Asha.
Suri's father was from the Punjab region but in 1958 his parents had moved from India to Kuwait, where his
entrepreneur father had a car imports business and where Suri was raised until 1985. He spoke Hindi at home,
went to Indian Community School, Kuwait and learned to read and write Arabic.
Suri studied Electronics and Communications Engineering in the Manipal Institute of Technology, India (class
of 1989).
Career
Before joining the Nokia group, Suri had worked for Calcom Electronics and ICL in India as well as for
Churchgate Group in Nigeria.
In 1995, Suri joined the Nokia group. Suri was instrumental in driving the Nokia Siemens Networks’ Services
business unit's revenue in the company to grow from less than a third to about half. Suri motivated the company
to create a new Services hub in India. Before heading Services, Suri headed the Asia Pacific operations from
April 2007 until November 2007. From 1995 to March 2007, Suri worked on a number of assignments at Nokia
Networks in Business Development, Marketing, Sales, Strategy from India, Finland, the United Kingdom and
Singapore.
Suri followed Simon Beresford-Wylie as the CEO of NSN in October 2009 after Nokia Networks and Siemens
Networks had been merged. He is considered a 'turnaround specialist' in the global tech circles.
On November 23, 2011, Suri announced that the company planned to eliminate 17,000 jobs by the end of 2013
to enable NSN to refocus on mobile broadband equipment, the fastest-growing segment of the market. The
reductions would slash the company’s work force by 23 percent from 74,000. The cuts followed NSN’s $1.2
billion purchase of Motorola’s mobile network equipment business in July 2010, which added staff; and would
help the company trim annual operating expenses by $1.35 billion by the end of 2013.
On 29 April 2014, Suri was appointed as the CEO of Nokia. This was after Nokia had bought back full control
of NSN and sold Nokia's phone division to Microsoft Mobile.
Suri is one of those rare top corporate executives who have achieved heights without pursuing any MBA/PG
degree.
Personal life
Suri is based in Espoo, Finland, Nokia headquarters. His wife Nina Alag Suri is the founder and CEO of the
executive search business Nastrac Group. His younger son Anish (18 years) is based in Singapore but now
studies business at The University of Edinburgh. His elder son Ankit (22 years) is studying music composition
in Boston at Berklee College of Musi.He has lived in 7 countries including India, Kuwait, Finland, UK, Nigeria,
Germany and Singapore. Suri is a fitness enthusiast. He is an avid music lover.
