Noted

Appointed: Naina Lal Kidwai, who was until now the CEO of HSBC in India, as the country head and chairperson of all HSBC Group companies in India. Stuart Davis, who was till now CEO of HSBC Bank Australia Ltd., is the new CEO of HSBC Bank in India.

Ordered: The beleaguered retail chain Subhiksha to submit all its accounts for the last three years by the Madras High Court on a petition by Kotak Mahindra Bank to seize and sell off Subhiksha’s assets and pay back its dues. Kotak Mahindra Bank is believed to have an exposure of Rs 40 crore, and is one of the 13 financial institutions which have exposure to the 12-year-old retail chain.

Listed: Two Indian outsourcing firms—Cognizant Technology and EXL Service—are among 10 software and services firms that have appeared in the Businessweek's list of the world’s 100 “Hot Growth” companies with significant growth potential.