Renault-Nissan Automotive India appoints Kou Kimura as CEO & MD

Renault-Nissan Automotive India has appointed Kou Kimura as the new chief executive officer & managing director for its manufacturing facility at Oragadam, near Chennai with effect from 1 April 2011

Renault-Nissan Automotive India Pvt Ltd (RNAIPL) said that it has appointed Kou Kimura as the new chief executive officer & managing director for its manufacturing facility at Oragadam, near Chennai with effect from 1 April 2011.

Mr Kimura was promoted to CEO & MD from his previous position of senior vice president-plant operations of the Oragadam facility, which he held since 2008. He replaces Akira Sakurai who successfully steered RNAIPL operations in the initial phase of production. After two years as CEO & MD of RNAIPL, Mr Sakurai has now been appointed as SVP, manufacturing & industrial engineering division at the corporate headquarters in Japan.

Mr Kimura is a graduate in mechanical engineering from Touhoku University in Japan. He started his career in Nissan Motor Ltd's (NML) Oppama plant in Japan in the year 1977. Prior coming to India, Mr Kimura has held various positions in Nissan head quarters in Japan and in the United Kingdom.

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Yes Bank Q4 net up 45%; declares 25% dividend

Net interest margin stood at 2.9% at the end of March 2011while Capital Adequacy Ratio of the bank was 16.5%

Mumbai: Private sector lender Yes Bank today posted 45% jump in net profit at Rs203.4 crore for the fourth quarter ended 31 March 2011 compared to Rs140 crore in the corresponding quarter of the previous fiscal, led by growth in advances, reports PTI.

Total income of the bank soared by 70.89% to Rs1,409.3 crore in the January-March quarter as compared to Rs824.7 crore in the same period of the previous fiscal.

Net interest income (NII) improved by 42.7% to Rs348.8 crore as against Rs244.2 crore in the same quarter a year ago.

The bank proposed a dividend of 25%, or Rs2.50 per share, for 2010-2011.

For the entire fiscal ended March 2011, the bank's net profit grew by 52.2% at Rs727.1 crore compared to Rs477.7 crore in the corresponding fiscal.

Total income increased to Rs4,665 crore during the year, compared to Rs2,945.2 crore in the previous fiscal.

Net Interest Margin (NIM) was 2.9% at the end of March 2011. At the same time, Capital Adequacy Ratio of the bank stood at 16.5%.

Total advances rose by 54.8% Rs34,363.6 crore during the year, as compared to Rs22,193.1 crore in the previous fiscal.

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Apple to begin shipping new iPhone in September

Apple suppliers will begin production of its next-generation iPhone in July this year

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