HR Headlines: Apr-08 (Part-3)

Watch Out Before Boosting Your Employees’ Self Esteem
Praising your employees and giving them a positive feedback in a bid to extract better performance from them could actually backfire, suggests a new study. Researchers at the American Kellogg School of Management at Northwestern University and the London Business School have found that some types of positive feedback lead employees to develop a false sense of self-worth. Thus, they develop a tendency to justify and recommit to poor decisions, wasting additional time and resources and creating even worse outcomes. They become inept to handle criticism and try to validate a poor decision if their sense of worth revolves around it. The study is set to be published in the journal ‘Organizational Behavior and Human Decision Processes’ and provides a framework for how organisations might most effectively strengthen their employees' self-esteem.
Source: 02-04-08 Financial Express Compiled By Amresh Anjan

Compensation Trends For Temps This Year
Bangalore, Mumbai, Kolkata and Delhi pay the best salaries in temping, according to the fourth annual Temp Salaries Primer Report compiled by the staffing solutions company, TeamLease Services. While Bangalore pays the most in IT and HR, Mumbai pays in engineering and Delhi in sales. The best wage hikes are offered by Ahmedabad, Bangalore, Mumbai and Delhi. However, Kochi, Chennai, Indore and Coimbatore fare poorly on both counts: existing temp salaries and wage hikes. The survey indicates that qualification, rather than experience has determined wage hikes for temps this year. Also, there has been a sharp rise in temp jobs in blue collar vertical and in the retail sector.
Source: 02-04-08 www.thehindubusinessline.com Compiled by Amresh Anjan

Now All Districts Covered Under The Rural Job Scheme
Union Rural Development Ministry has announced that the National Rural Employment Guarantee Scheme (NREGS) has been extended to all 604 districts of the country. The total budget outlay for the extended scheme for 2008-09 would be Rs. 16,000 crore. The scheme, started in 2005, was aimed at providing 100 days of guaranteed employment in a financial year to every rural household whose adult members volunteer to do unskilled manual work. However, last year, only 10 per cent households completed 100 days, with 23 per cent in Rajasthan, 13 per cent in Madhya Pradesh, 7 per cent in Uttar Pradesh, 6 per cent in Andhra Pradesh and 6 per cent in Chhattisgarh. The total works taken up during the year were 15.61 lakh. Of this, 4.96 lakh were completed and works were on in 10.64 lakh schemes.
Source: 02-04-08 www.hindu.com Compiled By Amresh Anjan

Average Salary Of Rs 19 Lakh For ISB 2008 Batch
The 2008 batch at Hyderabad-based Indian School of Business has been offered an average cost to company of Rs 19 lakh (Rs 1.9 million) in domestic companies. The broad average of all the international offers, including those from the US, Europe, Asia Pacific and West Asia stood at $1,44,812. This year, 41 new foreign firms visited the campus for the first time. The institute has not disclosed the highest salary package offered. The offers encompass a range of functions and industries such as consulting, manufacturing, real estate, IT and others. Interestingly, the batch of 2008 had 25 per cent women, which according to ISB is the largest number in an Indian B-School.
Source: 02-04-08 www.rediff.com Compiled By Amresh Anjan

Companies Digging Into Candidates’ Personal Background
With growing hacking, cyber crimes and even terrorism on the net, companies are becoming increasingly vigilant while employing staff. Companies are looking to recruit only efficient and reliable hands to avoid hiring employees who may either not be dependable or even have a criminal background. Thus, besides looking at experience, qualification, competence and communication skills of the employees, they are equally focusing on the personal background. HR firms are even seeking police verification wherever possible. The situation has become more complex in the wake of the terror network unearthed in Karnataka and elsewhere. Also, since fake qualification and experience documents have become the order of the day, companies go in for a thorough verification of backgrounds of the job seekers. Thus, the hiring process has become much more complex and complicated for the companies.
Source: 31-03-08 www.thehindu.com Compiled By Amresh Anjan

20,000-Seat TCS Centre Coming Up At Pune
Tata Consultancy Services has announced the construction of its 20,000-seat development centre located at Hinjewadi in Pune. The centre - TCS Sahyadri Park – will be the largest for TCS so far. The centre will be developed over 50 acres with the first phase with 7,000 seats expected to be completed by March 2009. Skilled professionals and students from in and around Pune will be hired for the centre. TCS started its first R&D centre in Pune over two decades ago.
Source: 03-04-08 www.indianexpress.com Compiled By Amresh Anjan

Nokia To Hire 5,500 More Workers In India This Year
Handset manufacturing giant Nokia will recruit 5,500 more employees in India by the end of the financial year, taking its total headcount to 15,000. A majority of the new recruitments will be towards enhancing its manufacturing capabilities at Sriperumbudur in Tamil Nadu while a few will be in the research and development team. Currently, the company has 8,000 people at the handset manufacturing plant and another 900 at its R&D facility. The company claims that it has an attrition rate of about 10 per cent.
Source: 30-03-08 www.sify.com Compiled By Amresh Anjan

Maruti Trying To Lure Back NRI Engineering & Design Talent
In an attempt to ramp up its design and engineering team, Maruti Suzuki will add over 500 people to the current 480 by 2010. Traditionally, Maruti inducts engineers at the trainee level and moves them up gradually. However, this time, to add more senior people quickly, the company has started scouting Detroit for NRI designers to lure them back to India. It is also in touch with the American Society of Engineers of Indian Origin to rope in people who are keen on coming back to India. This year, it will recruit 100 engineers and an additional 150 next year.
Source: 31-03-08 www.sify.com Compiled By Amresh Anjan

Wipro Tech Expanding Operations In Chennai
Wipro Technologies, the gloabl IT services business of Wipro Ltd, is setting up new facilities in Chennai for 35,000 employees over the next five years. The facilities will come up on an 80-acre land at Sholinganallur-Elcot Special Economic Zone (SEZ) and in a 90-acre facility at the Mahindra City SEZ. The expansion will augment the business growth of the company in the next five years. Currently, Wipro has a business process outsourcing centre (BPO) here employing 2500 people and expects to increase it by 5,000 to 7,000 this year. Wipro has about 4000 employees in overseas centres in Europe, the US, Canada, Latin America, China and Japan.
Source: 31-03-08 www.financialexpress.com Compiled By Amresh Anjan

Over 100 BPO Employees In Delhi Taken Ill Due To Infected Food
Over 100 employees of Om Innovative Call Services in Janak Puri in Delhi were taken ill after consuming lunch in their office. The employees complained of uneasiness, nausea and threw up an hour after having lunch provided by the office caterer. All employees were taken to Deen Dayal Upadhyaya Hospital for preliminary care and were declared out of danger. Police has registered a case against the caterer for supplying adulterated food.
Source: 03-04-08 The Hindu Compiled By Amresh Anjan

Six Per Cent DA Hike For Haryana Govt Staff
About 2.74 lakh employees of the Haryana government will get a six per cent hike in the dearness allowance (DA). The government has raised the DA from 41 per cent to 47 per cent of the pay with effect from January 01 this year on the pattern of central government employees. The grant of DA would put an additional liability of Rs 210 crore on the state exchequer from January 2008 to February 2009 and Rs 180 crore in the following financial year.
Source: 02-04-08 The Hindu Business Line Compiled By Amresh Anjan

CII Still Clueless Over SCs/STs Proportion In The Pvt Sector
The Confederation of Indian Industries (CII) is still to come out with the number of Scheduled Castes (SCs) and Scheduled Tribes (STs) employees on rolls of its member companies. Last year, the industry body had claimed that the private sector was committed to positive discrimination in favour of SCs/STs during recruitment even though it was against any quotas in the private sector. CII had assured that it was collecting the data and member companies would be made to reveal numbers in their annual reports. However, so far, only 579 out of 7,000 member companies have adopted its code for positive discrimination in the recruitment. CII claims that its focus is on the companies with large workforce to create a substantial difference.
Source: 01-04-08 Business Standard Compiled By Amresh Anjan

IBM Successfully Carrying Out The Blue Opportunities Programme
In a bid to help employees take advantage of a range of experience-based learning opportunities, IBM has launched ‘The Blue Opportunities’ programme. The programme draws on the in-house talent to solve regular business and technology issues. Thus, employees get a chance to enhance their career and expertise in the long term by trying diverse prospects such as stretch assignments, cross-unit projects, job rotations, publications, patents, and more. Currently, IBM has deployed over 1,200 Indian employees to countries like Austria, Finland, Denmark, Costa Rica, under the Blue Opportunities programme. They are working across domains like petrochemicals. The programme has also helped check attrition to a certain extent. IBM will also launch a project across emerging markets to develop global leadership in the third quarter of FY09
Source: 02-04-08 Business Standard Compiled By Amresh Anjan

Chrysler To Trim 200 Tech Jobs
As part of its restructuring, Chrysler LLC will cut 200 salaried workers and a sizable number of contract workers in information technology management (ITM). The company is outsourcing computer maintenance and support to Tata Consultancy Services Ltd and Computer Sciences Corp. The cuts amount to about 20 per cent of its salaried ITM staff of about 1,000 employees. The cuts are expected to begin in early May and will be completed by the end of the third quarter. Chrysler, the No. 3 U.S. automaker, lost $1.6 billion last year after which, Cerberus Capital Management LP acquired an 80 per cent stake in it.
Source: 03-04-08 www.reuters.com Compiled By Amresh Anjan

Taurus AMC Hires Mr Sanjay Parikh As COO
Taurus Asset Management Company has hired Mr Sanjay Parikh as the Chief Operating Officer. He brings to the table 17 years of experience in the finance function. Before joining Taurus, he served with the Aditya Birla Group for 13 years including two years as CFO of Birla Sun Life AMC and six years with Birla Sun Life Insurance.
Source: 02-04-08 Business Standard Compiled By Amresh Anjan

Mr Sam Ghosh To Be The New CEO At Reliance Cap
Mr Sam Ghosh has taken over as the new CEO at Anil Ambani group’s financial services arm Reliance Capital. He has replaced Mr Amitabh Chaturvedi in his new role. He would report to Reliance Capital vice-chairman Mr Amitabh Jhunjhunwala. Prior to this, Mr Ghosh has led ramping up of German insurer Allianz’s Indian insurance ventures. Allianz has appointed Mr Abdul Rahman Tolefat as the new CEO for Allianz Takaful Bahrain and Mr Kamesh Goyal as new regional CEO for the Middle East and North Africa.
Source: 02-04-08 www.rediff.com Compiled By Amresh Anjan

New Chairman At CBDT
Mr Prasanna Kumar Misra is the new Chairman of the Central Board of Direct Taxes (CBDT). An officer of the 1972 batch of the Indian Revenue Service, he was Member (Investigation) in CBDT since January 2007. He has also served in the Income Tax Department in various capacities including Chief Commissioner, Delhi and Udaipur, Commissioner, Mumbai and Director (Investigation) Hyderabad, Deputy Commissioner/ Director (Bhubaneswar).
Source: 02-04-08 The Hindu Business Line Compiled By Amresh Anjan

New Chairman For Shell-MRPL Joint Venture
Mr R Rajamani, Managing Director of Mangalore Refinery and Petrochemicals Limited (MRPL) has been appointed the Chairman of the recently formed joint venture with Shell India (P) Ltd. The JV named Shell-MRPL Aviation Fuel Services Private Limited has been incorporated with an initial equity of Rs. 30 crore. Mr Vikram Mehta, Chairman, Shell group of companies in India, Mr L K Gupta, Director (finance), MRPL, and Mr Richard Jory, GM, Shell Aviation are the other directors on the board of the company.
Source: 03-04-08 www.domain-b.com Compiled By Amresh Anjan

Dr V Sumantran Joins Hinduja Auto
The recently-formed Hinduja Automotive UK has appointed Dr V. Sumantran, former Executive Director of Tata Motors, as its Executive Vice- Chairman. After quitting Tata Motors in August 2005, Dr Sumantran has primarily been a consultant. Prior to his stint in Tata Motors, he spent over 16 years at General Motors Corporation, mostly in Detroit and later in Europe, serving as Director (Advanced Engineering) of SAAB Automobile.
Source: 31-03-08 www.moneycontrol.com Compiled By Amresh Anjan

Cholamandalam MS General Insurance Gets New MD
Cholamandalam MS General Insurance Company Ltd has appointed Mr SS Gopalarathnam, President (Operations), as the new MD. He replaces Mr Anandan M who retired as the Managing Director of Chola MS on March 31. Before assuming this new role, Mr Gopalarathnam was the CFO and VP Finance ever since the inception of the company in 2001. His experience spans a wide variety of functions like business development, underwriting, reinsurance, finance and investments and operations and CRM within the company. He has also held senior positions in finance, exports, strategy and corporate planning, and "business heading" functions across various group companies like T.I Cycles, T.I Miller and Tube Products of India.
Source: 02-04-08 news.webindia123.com



Compiled By Amresh Anjan

HR Headlines: April,08 (Part-2)

Highlights of Sixth Pay Commission Report Recommendations
* An average 40 per cent hike in the salaries of government employees and doubling most allowances
* The effective increase will be at 28 per cent on account of merger of 50 per cent DA in basic pay way back in 2004
* The hike would cost the exchequer Rs 12,561 crore in 2008-09
* Introduction of flexible working hours for working women to help them manage families
* 36 per cent increase in the minimum entry level pay; working out to Rs 7,681 per month for a trained employee, previous scale was Rs 5,623
* Experts To be brought in on contract employment for posts requiring higher skills
* A performance related incentive scheme to be introduced to replace the ad-hoc bonus scheme immediately
* A fixed revised salary of Rs 90,000 a month for the Cabinet Secretary followed by Rs 80,000 for Secretary
* Defense personnel pay to be brought on par with civilian staff, besides making them eligible for special allowance up to Rs 6,000 per month.
* Recommended full pension benefit to government employees after 20 years of service, as against the existing 33 years
* The hike in gratuity limit to Rs 10 lakh
* Higher pension to octogenarians

However, government employees are still unhappy as the difference between private and govt employees’ salaries is still big. Over 1.6 million employees of central public sector companies demanding a salary increase of over 100 per cent. Also, defence sector is unhappy as the Military Service Pay (MSP) will only begin from the date of acceptance of the award, possibly three months from now, even as their civilian counterparts will get salary arrears from January 2006 onwards.
Source: 26-03-08 www.rediff.com, Business Standard, www.indiapost.com Compiled by Amresh Anjan

Experience level of 50% Staff At Top IT Firms: Less Than 3 yrs
In what seems an attempt to drive down costs, the four top Indian IT firms are hiring more employees with 0-3 years of experience. About 50% employees of TCS, Wipro, Infosys and Satyam have work experience of less than three years. However, companies describe it as a normal practice. For instance, Infosys hired 31,000 people during December-March, of which most are freshers. The company has a policy of having one senior manager and two middle-level managers for every five freshers. At TCS, campus recruitment comprised 50-60% of the company's staff addition every year since last five years. At Wipro Technologies, about 45% of the workforce has less than 1 year work experience. Although hiring freshers pulls down costs but it leads to additional challenges such as increased bench strength, increased training time and slower deployment of workforce on projects.
Source: 25-03-08 DNA Money Compiled by Amresh Anjan

Emerging Trend: Medical Professionals Entering Corporate World
A major boom in career options and fatter pay packages are luring a lot of doctors in the corporate world. Experienced doctors are lining up to take up courses in B-schools such as Indian School of Business and IIMs. In fact, of the 425 graduates from ISB this year, there are ten doctors, five of whom are post-graduates with seven-eight years of practice. The career options open for them range from joining pharmaceutical companies to becoming a medical consultant in leading multinationals.
Source: 27-03-08 DNA Compiled by Amresh Anjan

ISB Grads Keen To Don Entrepreneurs’ Garb
For some graduates at the Indian School of Business (ISB), the idea of starting new business ventures of their own seems more alluring than taking up lucrative job offers by global majors. This time, around 20 students opted out of placements to team up in different groups to start new businesses. The nature of businesses that these students are taking up is quite diversified. It ranges from finance and consultancy firms to nano technology firms to knowledge process outsourcing firms. To satiate the enterprising instincts of its students, ISB is offering a two-year placement holiday for those who want to set up their own business. Going by the trend, the ISB authorities believe that in the coming years, more and more students will don the entrepreneur’s hat.
Source: 28-03-08 www.sify.com Compiled by Amresh Anjan

B-Schools Not Delivering Promises On Executive Part-Time MBA
The part-time management programmes for executives offered by prominent private business schools are not living up to the expectations of serious executives who have joined them. There is a growing trend among B-schools to fill these courses with lots of fresh graduates. This leads to a big gap between the profile of the class that B-schools promise in the prospectus and what it actually turns out to be. Generally, working executives who seek admissions to these courses have expectations that the peer group would consist of other students holding responsible positions in companies which leads to a high maturity level of class discussions. This helps in the learning process besides normal networking. But with lots of freshers in the class, the nature of learning gets skewed. This leaves real part-timers very discontent. Also, for faculty, it becomes difficult to teach a class with such a varied profile.
Source: 24-03-08 www.livemint.com Compiled by Amresh Anjan

20,000 Posts To Be Filled Up In PSU Banks By 2009
With an increase in business opportunities in retail banking, marketing and expansion in rural banking, 2008-09 will see a surge in the hiring of public sector banks (PSBs). The recruitment projects lined up indicate that a minimum of 20,000 posts will be filled up. In the last fiscal year, PSBs hired over 15,000 staff. This figure will see a 30 per cent upsurge with expansion plans of many a bank. Union Bank of India alone will be hiring over 4,000. The hiring will be broad-based bringing in specialists along with generalists.
Source: 26-03-08 The Hindu Compiled by Amresh Anjan

400 Scientists To Be Hired At Ranbaxy
Ranbaxy Laboratories Ltd is planning to hire around 400 scientists over the next two years as it is working on research and development collaborations in India and abroad. The ramping up of headcount is primarily being done to support greater discovery research in the proposed R&D arm. Currently, there are 300 scientists working with the pharma major. The company is looking to hire bright M Sc students, PhDs and post-doctoral researchers.
Source: 26-03-08 www.thehindubusinessline.com Compiled by Amresh Anjan

DuPont To Ramp Up India Operations; Double Manpower
The $29.4-billion turnover agro-chemical giant DuPont plans to double its manpower in India in the next two to three years. Currently, it has 800 employees at its six manufacturing units, located at Vadodara, Madurai and Hyderabad. DuPont will also launch its fully operational DuPont Knowledge Centre (DKC) with an investment of Rs 150 crore in Hyderabad in June-July 2008. It would be a 24x7 R&D facility housing 300 scientists and engineers by end 2008.
Source: 26-03-08 www.sify.com Compiled by Amresh Anjan

Etihad Etisalat Co To Ramp Up India Operations
In a bid to expand operations in India, Saudi Arabia’s second largest mobile telephone operator Etihad Etisalat Co plans to invest Rs 70 crore here. It has a wholly owned subsidiary in India named Mobily InfoTech India Pvt Ltd, which would hire 200 professionals in 2008. Currently, its employee strength is 70 people.
Source: 26-03-08 Hindu Business Line Compiled by Amresh Anjan

Maruti To Hire About 700 Engineers
With the objective of bringing Maruti’s engineering skills at par with that of Suzuki, Maruti Suzuki Ltd will add around 700 engineers to take the number to 1,000 by 2010. The company expects to put together a team with the capability of designing and developing cars for the Indian market.
Source: 27-03-08 Hindu Business Line Compiled by Amresh Anjan

PepsiCo Chief Indira Nooyi’s Compensation In 2007: $14.7 mn
In her first full year, Ms Indira Nooyi, the Chief Executive of PepsiCo Inc, took home $14.74 million in compensation in 2007. This is more than double the $6.3 million she was paid in 2006, when she served as Chief Financial Officer for most part of the year. Her package makes her the highest paid executive in the company. Her $14.74 million package includes $1.3 million in salary, $3.2 million of non-equity incentive plan compensation and $404,071 in various other executive perks. She was also granted stock and option awards worth $9.83 million as of the grant date in February 2007.
Source: 25-03-08 www.domain-b.com Compiled by Amresh Anjan

Barclays’ Boss Took Home $ 42 mn As Pay In 2007
Mr Bob Diamond, the boss of Barclays' investment banking division, received more than £21m ($42m) in pay and bonuses in 2007, a year when Barclays' annual profits fell 1% to £7.08bn due to the global financial turmoil. However, Mr Diamond's division, Barclays Capital, contributed a substantial part of Barclays' overall profits. Mr Diamond’s compensation includes his basic salary of £250,000, plus shares worth up to £14.4m and a £6.5m cash bonus.
Source: 27-03-08 www.news.bbc.co.uk Compiled by Amresh Anjan

Major Job Cuts Ahead For US Finance Sector
With recession in the US economy, jobs in finance sector will be the worst hit. Moody’s economy.com predicts 25,000 job cuts for the New York area. Nearly 14,000 employees in Bear Stearns are likely to lose jobs when a takeover by JP Morgan is completed. Also, Citigroup has cut down 10 per cent of its investment bank workforce amounting to 6,000 jobs. Lehman Brothers plans to lay off 1,400 workers. Investment bank Goldman Sachs will reduce workforce by up to 20 per cent.
Source: 24-03-08 Hindustan Times Business Compiled by Amresh Anjan

Tata-JLR Deal Cheered By JLR Employees
The Tata-Jaguar Land Rover deal has been cheered by thousands of employees working for these two car marquees in the UK. Tata has given written guarantees to all five UK plants on staffing levels, employee terms and conditions, including pensions, and sourcing agreements. The sale will, in no way, hamper employees’ futures and they are looking forward to working with Tata.
Source: 26-03-08 www.rediff.com Compiled by Amresh Anjan

Mphasis Hires Mr Gudalur As Prez Of BPO Operations
Mr Ramesh Gudalur has joined Mphasis as president of its BPO operations. Also, he will be a member of the executive leadership of the company. In his new role, he will lead Mphasis BPO globally and will be responsible to develop aggressive strategy to boost growth. He holds over 20 years of experience in BPO and KPO services, financial services and credit card banking. Prior to joining Mphasis, he was the head of Cognizant’s BPO. Before Cognizant, he has held key roles at GE, SRF Group, Genpact, TCS BPO and ICICI Onesource.
Source: 28-03-08 Business India Compiled by Amresh Anjan

Mr Munindra Kumar Bhartee Joins Serena Software
Serena Software has hired Mr Munindra Kumar Bhartee as Managing Director for its India operations. As MD, his responsibilities will include working closely with the Asia Pacific business leaders in driving the growth, channels and the expansion of the company’s market share in India. Prior to joining Serena, he was the country manager of India for Rational Software. He holds 27 years of experience spanning areas of software engineering, business expansion and operational leadership.
Source: 28-03-08 Business India Compiled by Amresh Anjan

IDG Ventures Gets Mr Kiran Karnik On Board
Mr Kiran Karnik, former Nasscom president and a Padma Shri awardee, has joined IDG Ventures India on their global advisory board. The board already has prestigious names like Mr N Balasubramanian, Mr K B Chandrashekar, Mr Arjun Malhotra, Mr Sridhar Mittal, Mr Jagdish Sheth and Mr V Sumantran.
Source: 27-03-08 www.rediff.com Compiled by Amresh Anjan

Mr Raghu Menon Is New Air India CMD
The Appointments Committee of the Cabinet has appointed Mr Raghu Menon as the Chairman and Managing Director of Air India. He is special secretary and financial advisor in the civil aviation ministry. Mr Menon is a 1974 batch IAS officer of the Assam-Nagaland cadre. He has also served in the information and broadcasting ministry. He replaces Mr V Thulasidas, a Tripura cadre IAS officer who retires on March 31.
Source: 26-03-08 www.financialexpress.com Compiled by Amresh Anjan

Mr Rajesh Bhardwaj Is Back At McCann
Mr Rajesh Bhardwaj has rejoined McCann as Creative Director. He left last year to join Rediff in the same capacity. Starting his career with O&M as a creative consultant in 1998, he holds an experience of almost 10 years in the advertising business. He joined McCann in 2003. Having many awards under his belt, he has worked on brands such as Electrolux Kelvinator, GSK, Essar, LG , Dabur, Perfetti, Mastercard, Nestle, Odomos and Dainik Jagran.
Source: 26-03-08 www.agencyfaqs.com Compiled by Amresh Anjan

Mr Rai Choudhuri Joins Tribal DDB As Executive Creative Director
Mr Shoumitra Rai Choudhuri has joined Tribal DDB India, the digital arm of The Mudra Group, as Executive Creative Director. Before joining Tribal, he was with JWT (Delhi) as Associate Vice President. He has over 12 years of experience in advertising. He has worked on various brands such as Levi’s, Nestle, Philips, VIP Luggage, Coca-Cola, Debeers and others.
Source: 28-03-08 Hindustan Times Business Compiled by Amresh Anjan

Parsvnath Developers’ CFO Quits Following Differences
Mr Ravi S Pani has quit Parsvnath Developers as Chief Financial Officer citing differences with the management as the reason for his departure. He has alleged that he was not involved in a number of policy decisions of the company while being made answerable to many of those.
Source: 28-03-08 Business Standard



Compiled by Amresh Anjan