| Naukri Launches ExpressCV Service For Jobseekers |
| Naukri.com has launched a first-of-its-kind service for job seekers, which helps in forwarding resumes to any prospective employer through an SMS. The service 'Naukri ExpressCV' allows registered jobseekers to forward their resume to prospective employers from anywhere. For using the service, a job seeker has to just SMS FWD to 56070 and the CV is sent to the destination email ID. At the backend, Naukri.Com would email the job seekers' CV to the destination address on his/her behalf and the recipient would receive the email from the job seeker's registered email id on the website. It is a free service provided by Naukri.Com and no charges apply. |
| Source: 06-05-09 www.naukri.com Compiled by Amresh Anjan |
| IT To Witness Less Staff Addition This Year |
| With dropping demand in IT business and a bleak economic situation, the Indian IT industry is likely to witness between 50,000 to 75,000 job losses this year while net staff additions in the sector are expected to be less. Nasscom, the premier trade body and the chamber of commerce of the IT-BPO industry, has said that this year the number of direct employment by the IT sector would touch 2.23 million with the demand for engineers decreasing gradually. TCS had a net addition of 18,452 people in the financial year (FY) 2009 as against 22,116 in the last fiscal. On the other hand, Infosys added 13,663 people during FY09 as against 18,946 in FY08. Wipro, across its IT services, products & BPO divisions, added just 2,243 people in FY09 as compared with 18,227 in the previous fiscal. |
| Source: 05-05-09 www.financialexpress.com Compiled by Amresh Anjan |
| ICICI Bank To Expand Without Fresh Hiring |
| Top private lender ICICI Bank plans to add nearly 600 more branches to its network this year, but will not hire more staff. The current staff would be redeployed to manage the expanded network of 2,000 branches. The current headcount stands at about 36,000 and the bank plans to re-skill and re-train some people in accordance with the needs of the expanded branch network. |
| Source: 06-05-09 www.rediff.com Compiled by Amresh Anjan |
| Capgemini Eliminates 600 Jobs In India |
| Capgemini, a France-based consulting, technology and outsourcing solutions firm, has laid off 600 employees in India, including 400 from Hyderabad and 200 from its Pune facility, in the last few weeks. To cope with the increased pressure on spending on information technology in the BFSI space, the company is bringing down its employee costs by reducing its headcount. Capgemini operates in Mumbai, Chennai, Bangalore, Kolkata, Pune and Hyderabad. The company serves automotive, financial services, energy, healthcare, telecom and media. The laid off employees were serving global customers in the banking and financial services space. |
| Source: 05-05-09 www.sify.com Compiled by Amresh Anjan |
| 3000-Seater R&D Facility By Honeywell In Bangalore |
| Diversified U.S. engineering company Honeywell International has inaugurated a new $50 million R&D and engineering facility in Bangalore. The new 6.90 lakh sq. ft. facility can accommodate 3,000 people. Honeywell will move people from temporary locations in Bangalore to this new facility. Honeywell has said that it will continue to grow its operations in India despite the recently proposed reductions in tax benefits to US companies investing in subsidiaries outside the US. |
| Source: 08-05-09 www.thehindu.com Compiled by Amresh Anjan |
| Capita To Increase India Headcount By 40% |
| The £2.5 billion British financial BPO giant Capita plans to raise its India headcount by around 40% this year. Currently, it employs around 3,000 people in Mumbai and Pune. It is planning to open a new centre in Bangalore by July. Capita is one of the few BPOs that has not laid off employees and is still hiring. It has already recruited about 200 people so far and will hire more soon. Capita has long-term contracts in hand and all of it comes from the UK market. Less than 10% of revenues come from areas that have been affected by the economic downturn. |
| Source: 07-05-09 www.dnaindia.com Compiled by Amresh Anjan |
| Link CEO Pay To Company Performance: Survey |
| According to the findings of a survey conducted by the international audit, tax and advisory services firm KPMG, 85 per cent respondents think that the compensation of chief executive officers should be linked to the performance of the company. ‘The State of Corporate Governance in India: 2008’ report also revealed that a majority of respondents want greater empowerment to independent directors. Seventy three per cent of the respondents believe that risk management practices need to be improved. The poll was conducted over 100 respondents comprising of CEOs, CFOs, independent directors and business leaders from business spheres as diverse as private equity, financial services and manufacturing. |
| Source: 07-05-09 www.thehindu.com Compiled by Amresh Anjan |
| Mr Aditya Puri Pips Mr Mukesh Ambani To Best CEO Title |
| Leaving behind Reliance Industries' Mr Mukesh Ambani, HDFC Bank managing director Mr Aditya Puri has been voted as the best CEO of India, as per the Finance Asia magazine's annual poll of investors and analysts. He also beat peers like Infosys Technology's Mr Kris Gopalakrishnan and Bharti Airtel's Mr Manoj Kohli to bag the top ranking. |
| Source: 08-05-09 Business Standard Compiled by Amresh Anjan |
| ‘Best Job In The World’ Goes To A Briton |
| Beating 15 other finalists, British charity fundraiser Mr Ben Southall won the ‘best job in the world’. The job is to be the caretaker of an Australian tropical island. The job created a lot of hype recently when it was promoted by Tourism Queensland and attracted nearly 34,700 video entries from almost 200 countries. The job responsibility is to explore the islands of the Great Barrier Reef for six months and report back to Tourism Queensland and the world via blogs, a photo diary, video updates and interviews. The compensation for this six month long assignment stands at A$150,000 ($110,000). |
| Source: 06-05-09 www.livemint.com Compiled by Amresh Anjan |
| Planned Lay Offs Reduce In US For 3rd Straight Month |
| According to a report by global outplacement consultancy firm Challenger, Gray & Christmas, planned job cuts by US employers fell for the third consecutive month in April to 1.3 lakh, the lowest in six months. The drop indicates that a recovery in the strained job market may be underway. The number of jobs eliminated by US employers totaled 132,590 in April, a drop from the 150,411 layoffs recorded the previous month. This is the third consecutive drop in monthly job cut announcements and the lowest total since 112,884 cuts were announced last October. On a yearly basis, the pace of job cuts is still well ahead of last year. For April 2009, the total was 47% higher than the 90,015 job cuts announced in the same month in 2008. |
| Source: 07-05-09 www.livemint.com Compiled by Amresh Anjan |
| Microsoft Warns of 5,000 More Job Cuts |
| In the wake of the economic slowdown, software giant Microsoft plans to lay off 5,000 people worldwide. Microsoft will eliminate these jobs in R&D, HR, marketing, sales, finance, legal, and IT within and outside the US. Amid falling profits, the software major has said that it may look at more job reductions to control its cost structure. For the third quarter ended March 31, 2009, Microsoft reported a six per cent fall in revenue at $13.65 billion, the first drop since the company went public 23 years ago. |
| Source: 06-05-09 www.rediff.com Compiled by Amresh Anjan |
| Citigroup Explores Novel Ways To Pay Employees |
| In an attempt to retain key staffers without flouting the law limiting executive pay for companies receiving stimulus packages, Citigroup is looking at new ways to pay its employees. It may put more employees on commission or offer them larger base salaries. It is also exploring other possible moves, including special stock-based bonuses, or offering employees a percentage of their group's revenue. These possibilities are being explored to ensure that employees are motivated to perform well. Earlier, the Wall Street Journal also reported that Citigroup had asked the Treasury Department for permission to pay special bonuses to key employees. |
| Source: 05-05-09 www.financialexpress.com, Compiled by Amresh Anjan |
| BBC To Slash 90 News Jobs By 2010 |
| British Broadcasting Corporation (BBC) News has decided to eliminate nearly 90 jobs in its news department by 2010. The move will help the group save around 155 million pounds. |
| Source: 08-05-09 www.sify.com Compiled by Amresh Anjan |
| Fiat Denies Report About Cutting 18,000 Jobs |
| Italian automaker Fiat has denied a news report by the Germany daily Frankfurter Allgemeine Zeitung that it plans to slash 18,000 jobs by closing or scaling down 10 factories in Europe. The report claimed that Fiat would cut jobs if it reaches a deal with GM succeed in its bid to take over General Motors' European operations.. Fiat has categorically denied all such speculation. |
| Source: 06-05-09 www.livemint.com Compiled by Amresh Anjan |
| DLF Brands MD Quits |
| Managing director of DLF Brands, the retail management arm of real estate giant DLF Ltd, Mr Kelvin Coyle has put in his papers. No replacement to his position has been announced yet. |
| Source: 08-05-09 Business Standard Compiled by Amresh Anjan |
| JSW Steel Promotes Mr Seshagiri Rao |
| JSW Steel has elevated its Director-finance Mr Seshagiri Rao as the firm’s new joint managing director and group CFO. |
| Source: 08-05-09 Business Standard Compiled by Amresh Anjan |
| Mr Rakesh Mohan Quits RBI For Stanford |
| The Reserve Bank of India deputy governor Mr Rakesh Mohan has resigned from his current position to take up an assignment at Stanford University in the US. He will be taking up the position of a distinguished consulting professor at the Stanford Centre for International Development. |
| Source: 04-05-09 Business Standard Compiled by Amresh Anjan |
| Changes In Top Management At Sical Logistics |
| In a top-level rejig, the board of Sical Logistics has announced the appointment of Mr Karthik Menon as Vice-Chairman and Mr LR Sridhar as Managing Director. Mr. Menon is now a non-executive director, while Mr. Sridhar is CEO-Bulk Logistics and Director & CEO, Sical Distriparks. The board has also appointed Mr Vinod Giri as IDFC PE’s nominee director. |
| Source: 08-05-09 www.thehindu.com Compiled by Amresh Anjan |
| Mr Sandip Sabharwal Joins Prabhudas Lilladher |
| Prabhudas Lilladher, a financial services organization, has appointed Mr Sandip Sabharwal as CEO- portfolio management services. |
| Source: 08-05-09 Financial Express Compiled by Amresh Anjan |
| New MD & CEO At Greaves Cotton |
| Mr Prabhakar Dev has taken charge as managing director and chief executive officer of Greaves Cotton. Joining Greaves Cotton a year ago, Mr. Prabhakar Dev held the position of Deputy Managing Director prior to his new appointment. |
| Source: 06-05-09 www.thehindu.com Compiled by Amresh Anjan |
| New CEO At Development Credit Bank |
| Mr Murali M. Natrajan has been appointed managing director and chief executive officer of Development Credit Bank, promoted by the Aga Khan Fund for Economic Development, or Akfed. The position was lying vacant since January, when MD and CEO Mr Gautam Vir quit. Mr Natrajan was until now head of consumer banking for India and Nepal and takes over at a time when the bank is reeling under stressed assets in its retail business that are eroding its profitability. |
| Source: 06-05-09 www.livemint.com Compiled by Amresh Anjan |
| Ms Divya Gupta Joins HT As Head Of Business, Mumbai |
| Hindustan Times has appointed media veteran Ms Divya Gupta as Head of Business for Mumbai. Prior to this, she was media advisor at Reliance ADAG. Before Reliance ADAG, she was president of TME, Rediffusion Y&R’s media arm. |
| Source: 06-05-09 www.exchange4media.com Compiled by Amresh Anjan |
| Mr Sanjay Sharma Quits Mediacom AS GM |
| To pursue entrepreneurial ambitions, Mr Sanjay Sharma has put in his papers as general manager at Mediacom, a strategic planning and buying agency after serving the agency for nearly two years. He has set up his own venture, named SNJ Media Services Pvt Ltd that would operate under the brand name Synergy. |
| Source: 06-05-09 www.exchange4media.com Compiled by Amresh Anjan |
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