HR Headlines: May-08 (Part-2)

How To Make Talent Stay
Rising attrition across sectors is the main area of pain for major corporates today. According to the Associated Chambers of Commerce and Industry of India (ASSOCHAM), the attrition rate in India rose to 40 per cent in 2007 from 32 per cent in 2006. The companies are feeling the pinch but they believe that it is a vicious cycle. With rising competition and shrinking deadlines, there is hardly enough time and opportunities to develop talent. This, in turn, results in increased job mobility and employees taking away vital training and knowledge. Various HR heads suggest various means to combat attrition. They believe that increased engagement and empowerment of employees leads to deeper and better insights about employees. Also, surveys reveal that learning and professional development opportunities are more effective retention tools than higher salaries. In addition, out-of-the-box, non-conventional thinking manages to retain talent. Considering that for the next 15 to 20 years India will have the youngest workforce in the world, companies are looking for innovative practices that will appeal to the ‘here and now’ generation.
Source: 07-05-08 www.hindustantimes.com Compiled by Amresh Anjan

40% Of BPO Jobs To Go To Tier-II Cities
According to a NASSCOM-AT Kearney study on ‘Location Roadmap for IT-BPO Growth’, second tier cities will account for about 40 per cent of the total projected IT-BPO jobs by 2018. Also, the Indian IT and BPO sector is expected to raise its existing workforce of two million to eight million by 2018. The study says that companies still prefer big cities like Mumbai, Chennai, Bangalore, Hyderabad, Kolkata, the National Capital Region (NCR) and Pune to set up an IT or a BPO company. These centres are closely followed by Ahmedabad, Kochi, Bhubaneswar, Chandigarh, Coimbatore, Indore, Jaipur, Lucknow, Madurai, Mangalore, Nagpur, Thiruvananthapuram, Vadodara, Tiruchirapalli and Visakhapatnam, it said. The study predicts that these non-leading cities could provide three million direct jobs, 40 per cent of the projected employment by 2018. Currently, the leading locations account for over 85 per cent of IT sector employment and over 90 per cent of the BPO employment in the country.
Source: 06-05-08 www.thehindu.com Compiled by Amresh Anjan

Employers Hostile Towards Pregnant Job Seekers
Two recent studies in the US by George Mason University and Rice University professors reveal that pregnant women face a lot of discrimination and hostility while applying for jobs. In one study, it was found that employers were more judgmental toward pregnant women when they asked for ‘masculine’ roles (such as corporate lawyer, janitor etc) as compared to when they asked for ‘feminine’ jobs such as a maid, kindergarten teacher or pediatrician. In the second study, it was found that women wearing the pregnancy prosthesis were faced with significantly more interpersonal hostility than when the same women appeared as non-pregnant. Thus, both the studies suggest that pregnant women risk being discriminated against.
Source: 08-05-08 Hindustan Times Compiled by Amresh Anjan

Cabin Crew Against New DGCA Guidelines
The Directorate General of Civil Aviation (DGCA) has issued new guidelines on the working hours of cabin crew of different airlines in India, commonly known as Civil Aviation Requirements (CARs). Members of the cabin crew of various airlines have expressed their disagreement over the new guidelines and are even mulling moving court, if required. The new guidelines include suggestions such as sanctioning dorms at airports where cabin crew can rest, split duties, increasing duty time on ultra long range operations, reducing the rest time prior to operating. While the cabin crew has termed the proposed CARs as inhuman and draconian, airline officials believe that a change is required to ensure proper functioning and matching international standards in terms of work.
Source: 09-05-08 Business India Compiled by Amresh Anjan

Monthly Salaries For Farmers?
In an effort to counter the problem of unending farmers' suicides, the Kerala Biodiversity Board has mooted the idea of paying salaries to farmers to make agriculture a viable option to attract a new generation of farmers. Board Chairman Mr V S Vijayan has proposed that the government should earmark a fund and farmers should be paid salaries like government employees. The proposition was part of the many suggestions in the 'Organic Farming Policy' prepared by the Board with a mission to gradually convert cultivation into the organic way.
Source: 08-05-08 www.livemint.com Compiled by Amresh Anjan

Gurgaon To Become Infosys KPO Hub
Infosys BPO is setting up a large centre in Gurgaon aiming to make it the hub for its KPO business. The new centre for 'knowledge services' is capable of accommodating 800-1,000 people and will be operational by the end of the current financial year. Infosys has already started recruiting people, including academicians, educators and researchers. Currently, Infosys has a team of about 200 people in Gurgaon. Infosys offers KPO services from three centres: Bangalore, Pune and Gurgaon.
Source: 08-05-08 Business Standard Compiled by Amresh Anjan

LPOs Emerging As Lucrative Career Option For Law Graduates
Law Process Outsourcing or LPO is fast emerging as a hot career destination for law graduates in India. With handsome salaries and quick career growth, lawyers are keen to join the LPO vertical instead of traditional law firms. LPOs provide services in litigation support, legal research, analytics, contract review, patent and technical support services to clients, who include law firms and corporates across the globe. The starting salary at entry level in this industry could be as high as Rs 25,000 a month. According to Nasscom estimates, the LPO segment is poised to cross $6 billion turnover mark by 2010, and tower to $15-20 billion by 2015. This is certainly good news for 80,000 law graduates that India churns out every year.
Source: 08-05-08 www.dnaindia.com Compiled by Amresh Anjan

Employing Indians Illegally Costs UK Firms Dearly
UK government has taken punitive action against as many as 137 companies for employing illegal immigrants from India, Pakistan and other non-European Union countries. Several companies, including Indian restaurants, have been fined over pound 500,000 after a tougher law came into effect from February. In the past few months, Indian restaurants have been struggling to employ chefs and ended up employing staff illegally to undercut their competitors. The British police has come cracking down on such employers and they face a fine of pound 10,000 for each illegal immigrant they employ.
Source: 06-05-08 www.rediff.com Compiled by Amresh Anjan

Retail Boom Creating Soft Skills Factories
India’s booming retail sector is creating jobs in a big way but there are not enough trained and polished salespeople who could take up these jobs. Emerging from this demand and supply gap are training schools dedicated to polish up local talent that can be employed in this sector. One such training school is MIE (Making India Employable) that has set up training institutes in small towns like Rewari, Faridabad and Lucknow and is looking for local talent that can be groomed to fill positions in upcoming retail stores. According to Nasscom, India added about 3.2 million graduates last year but only a small proportion of them are employable. And in small towns and cities, the employability is as low as 10 to 15 per cent. Even Nasscom has initiated an assessment-cum-certification programme which aims to train final year students from smaller towns with analytical and keyboard skills.
Source: 06-05-08 Hindustan Times Business Compiled by Amresh Anjan

160 Junior Level Employees Sacked At Sapient
Citing lack of experience and unsuitability to current operations as reasons, Sapient Corp, the US-based business and technology services consultant, has sacked 160 junior and entry level employees in India. The sacked employees were based across its Bangalore, Noida and Gurgaon centres. The 160 employees constituted 4% of its Indian workforce of 4,000. According to sources, the fired employees were asked to leave immediately and relieved without notice. However, Sapient has said that it would still continue hiring junior and experienced professionals that fit its business model.
Source: 09-05-08 www.dnaindia.com Compiled by Amresh Anjan

Merrill Lynch To Hire In India; Cut Jobs In US
The world’s leading wealth management, capital markets and advisory company Merrill Lynch expects to recruit more people in India while it cuts jobs in the US following its heavy losses in the U.S. credit markets. Identifying India as one of the most attractive places in the world for business today, Merrill Lynch plans to ramp up operations here. Merrill Lynch has offices in 38 countries and territories and total client assets of about $1.7 trillion.
Source: 08-05-08 Hindu Business Line Compiled by Amresh Anjan

Sutherland’s Global Campus Coming Up In Chennai
Business process outsourcing company Sutherland Global Services is setting up its first global campus in the ITeS/IT corridor of Chennai with an investment of around Rs. 200 crore over the next three years. The campus will have a capacity to occupy over 10,000 people. It will also house the ‘Sutherland Academy of Excellence,’ a best-in-class global training and development centre for all its employees. Sutherland has six facilities in Chennai and one each in Kochi and Mumbai. The company hired over 3,000 people in India in 2007, thus taking its India headcount to over 11,000 employees. Globally, Sutherland now has over 21,000 employees across its 22 delivery centres in India, the U.S., the Philippines, Canada, Eastern Europe and Mexico.
Source: 08-05-08 www.financialexpress.com Compiled by Amresh Anjan

Infosys HR Boss Is The Highest Paid Among Company Directors
Mr T V Mohandas Pai, Human Resources head at IT giant Infosys, receives the highest salary and bonus among all 15 board members including Chairperson Mr Nandan M Nilekani and Chief Executive Officer Mr S Gopalakrishnan. According to Infosys's recent filing with the Securities and Exchange Commission (SEC), Mr Pai received a salary of $82,033 and a bonus of $3,08,625 in a year. Mr Nilekani receives $51,414 salary and $1,22,841 as bonus while Mr Narayana Murthy does not take home any of them but 1,25,000 dollars in annual compensation. Other members of the board include Chief Operating Officer Mr S D Shibulal, Lead Independent Director Mr Deepak M Satwalekar, Head of Communication Design Group, Information Systems and Quality and Productivity, Mr K Dinesh and Head of Delivery Excellence Mr Srinath Batni.
Source: 04-05-08 www.dnaindia.com Compiled by Amresh Anjan

5,500 Jobs To Be Trimmed At UBS
The Swiss wealth-management major UBS will cut 5,500 jobs in one of the biggest lay offs seen in the financial market crisis so far. These job cuts come on top of 1,500 already completed and represent a reduction of 18 per cent of the total headcount since mid-2007. UBS had a preliminary deal with US asset manager BlackRock Inc to sell a $15-billion portfolio of sub prime mortgages. Shares of the group fell 5 per cent as investors worried the crisis had ravaged UBS’ earnings power.
Source: 07-05-08 www.telegraphindia.com Compiled by Amresh Anjan

Australia's Jobless Rate at 4.2% In April
According to the Australian Bureau of statistics, Australia's unemployment rate rose to 4.2 percent in April as against 4.1 percent in February. The number of employed people rose by 25,400 to 10.71 million in April. This is much above the market expectations that expected it to rise by only 10,000. Full-time employment increased by 19,000 to 7.66 million, while part-time employment rose 6,300 to 3.05 million. The number of unemployed people rose by 16,900 to 469,800, the ABS said. The number of people looking for full-time work increased by 17,300 to 330,500, while those looking for part-time work fell by 400 to 139,300.
Source: 07-05-08 www.forbes.com Compiled by Amresh Anjan

BMW To Cut Thousands Of Jobs
BMW, the world’s largest premium carmaker, is aiming to cut 8,100 jobs worldwide, including 3,100 permanent staff in an effort to improve profitability. The company has said that several hundred permanent staff have agreed to redundancy packages though the exact number is not known. The job cuts are intended to generate annual savings of 500 million euros ($766.5 million) starting 2009.
Source: 09-05-08 Hindustan Times Business Compiled by Amresh Anjan

Further Changes In Wipro Management
Barely two weeks after the reshuffle in top management, India's third-largest software company, Wipro, has initiated a second round of major business and executive changes. In the last rejig, Mr Suresh Vaswani and Mr Girish Paranjpe were appointed as joint chief executive officers of Wipro Technologies. In the latest changes announced, Wipro BPO head, Mr T K Kurien has been given charge of a new initiative, the scope and functions of which will be outlined later. Mr Ashutosh Vaidya, who headed the computing business as vice-president of Wipro Infotech, will head Wipro BPO. Mr Anand Sankaran will lead Wipro Infotech. Mr Manoj Punja will serve as president of the company's operations for Americas and Europe following the resignation of Mr P R Chandrasekar.
Source: 03-05-08 www.rediff.com Compiled by Amresh Anjan

New Head At Citi India’s Credit Card Business
Citi India's Global Consumer Group has appointed Mr Sandeep Bhalla as Head of credit cards division for Citibank India. 38-year old Mr Bhalla has been with Citi for 6 years and has worked in the US in the cards business and in Asia across several consumer businesses. He holds a Masters degree in Mathematical Statistics from the University of Maine and an MBA from Drexel University.
Source: 06-05-08 www.sify.com Compiled by Amresh Anjan

Mr Mallya Appointed New CMD For Bank Of Baroda
Mr M D Mallya has been appointed as the Chairman and Managing Director (CMD) of Bank of Baroda. Prior to this, he was serving as the Chairman and Managing Director at Bank of Maharashtra.
Source: 08-05-08 www.in.reuters.com Compiled by Amresh Anjan

Management Rejig At Ma Foi
Mr Ajay Mallapurkar has been named as Chief Executive Officer, Ma Foi Consulting Services Ltd. (MCSL) by the Ma Foi Management Consultants. Prior to this, he was General Manager for the Western operations of Ma Foi Management Consultants. The company has also appointed Mr Rahul Goyal as Head – Europe, West Asia and Africa, Ma Foi.
Source: 07-05-08 www.thehindu.com Compiled by Amresh Anjan

Mr Rick Bott Appointed Cairn (I) ED, COO
Cairn India, the Indian subsidiary of Scottish firm Cairn Energy Plc, has appointed Mr Rick Bott as Executive Director and Chief Operating Officer of the company. He joins Cairn from Devon Energy’s international division where he was vice president. In his new role, he would be responsible for developing and implementing Cairn India’s business growth and exploration strategy. He holds over 20 years experience, having served as president of Ocean Egypt Companies and president of Ocean Yemen Corporation. He has also served in a number of international management and technical positions with British Gas and Tanneco.
Source: 05-05-08 www.livemint.com Compiled by Amresh Anjan

New MD, Region Head At S&P
Mr R Ravimohan has been appointed as Managing Director and Region Head, South and Southeast Asia by Standard & Poor's, the world's leading provider of financial market intelligence. He joined S&P in August 2007, after working at CRISIL for 13 years as its MD and CEO. CRISIL is a subsidiary of S&P.
Source: 09-05-08 www.business-standard.com


Compiled by Amresh Anjan

HR Headlines: May-08 (Part-1)

How Young Employees Decide Where To Work
Career opportunities, location of workplace and work profile are the main factors that influence the decision of young employees (below 25 yrs of age) to choose their place of work, as revealed in a survey by global research firm Synovate for staffing services company TeamLease Services Pvt. Ltd. At least 90 per cent of young employees polled in seven of the eight cities voted for career opportunities as the most important factor, followed by job profile (80 per cent) and commuting convenience. Respondents picked high compensation as the main reason for staying with a company while stress and work-life imbalance are the main factors that influence them to quit jobs. The survey was conducted across Ahmedabad, Bangalore, Chennai, New Delhi, Hyderabad, Kolkata, Mumbai and Pune.
Source: 22-05-08 www.livemint.com Compiled by Amresh Anjan

Infosys To Soon Cross 1,00,000 Employee Mark
Having made 18,000 job offers in 1,050 engineering colleges across India, Infosys will soon have over 1,00,000 employees on its rolls. Currently, it has 82,000 employees on board. Once the new hirings are done, it will join TCS in the 1,00,000-employee club. Taken together, TCS and Infosys are within the kissing distance of worldwide headcounts at IBM or Accenture. IBM has 3.68 lakh employees and Accenture has 1.72 lakh people on its rolls spread worldwide. Infosys is also looking to overhaul its manpower strategies to curb attrition.
Source: 22-05-08 Hindustan Times Business Compiled by Amresh Anjan

Fat & Unhealthy: Words That Describe Half Of India’s Workforce
Raising a serious cause for concern, a study conducted by the World Economic Forum and the World Health Organisation has revealed that 47 per cent of the workforce in Indian industries, especially in urban areas, is overweight, and 27 per cent suffer from hypertension while 10.1 per cent suffer from diabetes. The study that was part of the report 'Preventing communicable diseases in the workplace through diet and physical activity,' has recommended imparting health education to prevent cardiovascular diseases and assess the impact of health education on controlling these diseases.
Source: 21-05-08 The Financial Express Compiled by Amresh Anjan

Aviation & Hospitality Set To Emerge As Top Job Creators
With rising investment in the aviation and hospitality sectors owing to increasing demand, these two sectors are set to emerge as the top job creators over the next two years. Experts believe that the two sectors could create as many, or more, jobs than did the information technology sector on the back of a boom in outsourcing. According to industry estimates, more than five lakh new jobs may be created over the next two years as airlines expand fleet and the country adds new airports, hotels and restaurants. The hospitality sector is expected to require a workforce of at least 95,000 trained personnel. The aviation sector, growing at about 25 per cent per annum, will add at least 2.5 lakh people in the next two years, according to industry estimates.
Source: 18-05-08 Hindustan Times Business Compiled by Amresh Anjan

South Korea Is The Hardest Working Nation
According to a 2008 ranking by the Organization for Economic Co-operation and Development, South Koreans work the longest hours per year. In South Korea, the average employee works 2,357 hours per year--that's six-and-a-half hours for every single day of their life. Greece ranks second with 2,052 hours worked on average each year. The U.S. comes at No. 9, with 1,797 hours worked on average each year. While France has 35-hour week, the most leisurely workers are the Dutch, who work an average 1,391 hours per year, preceded by Norway and Germany. South Koreans believe that working long and hard is ingrained in the culture of the country.
Source: 22-05-08 www.rediff.com Compiled by Amresh Anjan

Reliance Industries Doubles Staff Base In Two years
Mukesh Ambani-led Reliance Industries’ head count rose to 25,487 at the end of 2007-08, up from 12,540 employees two years ago as on March 2006. Also, RIL has granted close to three crore stock options to over 14,000 employees, estimated to be worth about one billion dollar at the grant price and about $1.9 billion at the current share price. RIL’s employee cost rose to Rs 2,119 crore (Rs 21.19 billion) in FY'07-08, up from Rs 2,094 crore (Rs 20.94 billion). Company’s employee base includes more than 200 doctorates, 10,000 plus engineers, 3,000 plus management graduates, 1,000 plus accountants and over 1,000 other professionals.
Source: 22-05-08 www.rediff.com Compiled by Amresh Anjan

No Job Quota In Pvt Sector, Says FICCI
The industry body FICCI has opposed the reservation of jobs in the private sector saying it will put the clock back on economic reforms and not even political parties are ready for a legislation making employment of SCs and STs binding on India Inc. Mr Amit Mitra, the secretary general of the Federation of Indian Chambers of Commerce and Industry has said that reservation will be incompatible to global competitive HR policy. Also, he believes that the reservation-based human resource polices were not in sync with the Indian industry going global.
Source: 23-05-08 www.rediff.com Compiled by Amresh Anjan

Fattest Pay Packet For India’s Richest Man
Reliance Industries’ chief and India’s richest person Mr Mukesh Ambani has drawn over $10 million in annual remuneration in 2007-08, making him presumably the top-paid executive. He got a total payout of Rs 44.02 crore, marking an increase of about Rs 13.5 crore from the previous fiscal. Last fiscal, his annual remuneration had increased to Rs 30.46 crore, from Rs 24.77 crore previously. According to the company's annual report, his salary break-up is as follows: A salary of Rs 60 lakh (Rs five lakh per month) and another Rs 48 lakh (Rs four lakh per month) in the name of "perquisites and allowances". In addition, he got Rs 18.75 lakh under the head of "retiral benfits" and Rs 4,275.44 lakh toward commission on net profit, taking his total to Rs 4,402.19 lakh for 2007-08.
Source: 19-05-08 www.ndtvprofit.com Compiled by Amresh Anjan

Infosys To Promote Employees On Basis Of Certification
Infosys Technologies has made it mandatory for all its employees across the board to pass certification programmes to get promoted. The certification programme, conducted every March, will test the employees' domain expertise, and grade them accordingly to be eligible for promotion. The IT major also has a bottom performance plan in which the poor performers are given a chance to improve their skills but laid off if there is no improvement despite all measures. Infosys invests about Rs 700 crore each year towards training its employees.
Source: 22-05-08 www.business-standard.com Compiled by Amresh Anjan

ArcelorMittal India Leadership Team Announced
Announcing its senior leadership team for India, ArcelorMittal has appointed Mr Vijay Bhatnagar as the new country CEO. Prior to this, Mr Bhatnagar led the company’s operations in Mexico, Poland and Eastern Europe. Dr Sanak Mishra will continue as CEO for the company’s green field steel projects in Jharkhand and Orissa. Mr M.P. Singh will continue to lead the company’s mining projects in India as CEO Mining Projects (India), as Vice-President for the company’s mining initiatives globally,.
Source: 21-05-08 news.mmoneycontrol.com Compiled by Amresh Anjan

Staff Crunch At The Planning Commission
There is an acute shortage of staff at the Planning Commission, the body that plans for the entire country and is handling major programmes in every sector. It is operating with a vacancy rate of over 48 per cent. The commission is currently working with just 140 officials while 150 posts are lying vacant in the total 290 sanctioned posts. Due to this staff crunch, either it takes time to clear a project or it does shoddy work going through the files in a hurry. The manpower crunch is at the level of research officers (RO), senior research officers and director level. These officers are typically recruited from the Indian Economic Service (IES) cadre. Currently, some 40-50 graduates from Jawaharlal Nehru University and Delhi School of Economics are working as research officers and consultants hired on a contract basis.
Source: 21-05-08 The Financial Express Compiled by Amresh Anjan

Bonus Bonanza For Chiefs Of PSBs And State Insurers
Bringing cheer to the chiefs and executive directors of state-owned banks and insurance companies, their annual packages have doubled thanks to the substantial annual performance bonuses for 2006-07. While chairman & managing director received a bonus package of Rs 6-8 lakh (almost equivalent to the annual salary), public sector bank executive directors bagged annual bonuses of Rs 5-7 lakh each. The salaries of CMDs at state-owned banks and insurance companies are at par with additional secretaries to the government, and are in the range of Rs 40,000-45,000 pm. The highest bonus is fixed at Rs 8 lakh. However, very few CMDs qualified for the amount and the average bonus was pegged at Rs 7 lakh.
Source: 20-04-08 The Financial Express Compiled by Amresh Anjan

The Best And Worst-Paying Jobs In America
Being a medical professional is the most lucrative job position in the United States. Top nine places in the list of the 25 best- and worst-paying jobs in America are occupied by various sorts of medical specialists, with anesthesiologists topping the heap, followed by surgeons and orthodontists. While Chief executives come at No. 10, airline pilots grab the No. 11 position. The next five places are again occupied by doctors and dentists. Lawyers appear at No. 17. Cooks and those who prepare and serve in fast-food joints, are the lowest paid lot followed by dishwashers, busboys and the folks who shampoo hair. In all, the lowest-paying 25 occupations employ 15.6 million people in America; the best-paying jobs employ 3 million. All figures are based on the US government's National, State and Metropolitan Area Occupational Employment and Wage Estimates.
Source: 20-05-08 www.forbes.com Compiled by Amresh Anjan

Lehman To Slash About 1,300 Jobs
Amid difficult market conditions, Lehman Brothers Holdings Inc is laying off roughly 1,300 positions globally, or nearly 5 percent of its work force, as reported by sources. The latest cuts are in addition to Lehman's layoffs of more than 5,000 people since mid-2007. Major Wall Street companies are trimming down staffing levels due to the increased impact of credit crunch into its businesses, including security underwriting and mergers advice.
Source: 20-05-08 news.yahoo.com Compiled by Amresh Anjan

JPMorgan To Lay Off Over 7,600 Bear Stearns Employees
As JPMorgan Chase & Co absorbs the troubled investment bank Bear Stearns, it will lay off more than 7,600 Bear employees, about 55 percent of its staff. According to JPMorgan Chief Executive Mr James Dimon, JP Morgan will retain 45 percent of Bear Stearns staff. Based on Mr Dimon's figures, a total of about 6,300 offers will be extended to Bear employees when the review and integration process is completed.
Source: 21-05-08 www.news.yahoo.com Compiled by Amresh Anjan

String Of Resignations At Jet Airways
Jet Airways has announced the resignation of its Senior Vice-President Mr N Hariharan and Vice-President (flight operations) Mr Ritzerwan Bin Rashid. Having joined in 2006, Mr Hariharan was part of the senior management team. His resignation came into effect on April 29 and he has joined GVK-led Mumbai International Airport Limited (MIAL). Mr Rashid's resignation came into effect on May 15 2008. He has been replaced by Mr Declan Connolly. Over the last year, many high level executives have quit Jet, many of them joining rival full service carrier Kingfisher. Mr Peter Luethi (who was chief operating officer), Mr V Raja (vice-president - Asia Pacific), Mr Rajesh Verma (vice-president of customer and in-flight services), and Ms Nandini Verma (vice-president corporate affairs), Mr Murali Ramachandran (senior general manager - airport services) and Mr Raja Parthasarathy (executive vice-president - finance) are prominent among those who left the company.
Source: 21-05-08 Business Standard Compiled by Amresh Anjan

New COO At Perot Systems
Perot Systems Corp has appointed Mr Gopinathan Padmanabhan as Chief Operating Officer and Vice-President (Global delivery) for its consulting and applications solutions (CAS) global business unit. He joins Perot Systems from Hewlett Packard Globalsoft Ltd where he was the Director - Technology, process and engineering services, global delivery application services (GDAS) organisation. Also, Mr Pallab Bandyopadhyay has been appointed as head of human resources for the Asia Pacific Region. Prior to joining Perot, Mr Bandyopadhyay headed the global HR function of Cambridge Solutions, a multinational IT and ITES organisations, as its Chief People Officer.
Source: 22-05-08 Hindu Business Line Compiled by Amresh Anjan

MakeMyTrip Gets A New Marketing Chief
Mr Mohit Gupta has been appointed as the Chief Marketing Officer of online travel company MakeMyTrip.com. Previously, he was vice president, marketing (flavours) at PepsiCo International - India Beverages. At MakeMyTrip.com, he replaces Mr Sachin Bhatia, co-founder and former CMO, who will now concentrate on strategic issues and focus on the company’s new line of businesses including bus ticketing, retail and franchisee.
Source: 23-05-08 www.alootechie.com Compiled by Amresh Anjan

Mr Sanjay Chitale Is Sahara One COO
Sahara One Media & Entertainment has appointed Mr Sanjay Chitale as Chief Operating Officer of the company. The board of directors has also appointed Mr R S Rathore as Chairman of the Audit Committee of the company replacing Mr Mahesh Prasad.
Source: 23-05-08 www.business-standard.com Compiled by Amresh Anjan

New Consumer Finance President At Religare
In a bid to boost consumer lending, Religare Finvest Limited, the non-banking financial arm of Religare has appointed Mr Kavi Arora as President - Consumer Finance. The appointment is expected to strengthen the position of the company in consumer finance. Mr Arora possesses over 14 years of experience in the financial services industry across various functions. Prior to this, he was working as the Vice President, Business Head-Secured Assets & Cross-Sell at GE Money Financial Services. He has also worked with ABN Amro Bank, Citicorp Financial Services, 20th Century Finance and ATS Services in different business roles.
Source: 23-05-08 www.business-standard.com Compiled by Amresh Anjan

New Director At Barclays Wealth
The U.K.-based wealth management firm Barclays Wealth has hired Mr Deepak Rattan as its Director (Private Clients), India. Previously, Mr Rattan was working with ABN where he had been since the inception of the private banking business in India in July 2002.
Source: 22-05-08 www.thehindu.com



Compiled by Amresh Anjan