The Outlook group has promoted Suresh Selvaraj (pictured) and Indranil Roy as presidents with immediate effect. The duo would continue to be responsible for the specific publications they have been handling in the group. In their new capacities, they would be responsible for the growth and profitability of the magazines they respectively handle. Currently Selvaraj is responsible for Outlook, Outlook Saptahik and Marie Claire. Indranil Roy handles Outlook Money, Outlook Business, Outlook Profit and will soon be launching People magazine under license from Time Inc.
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In India Interactive Avenues - A Reprise Network Company will lead the ecommerce offering
International operations turned a profit of $407 million, while revenue for the company's 'other' category, which is mainly its advertising services, grew 50% year over year.