| Naukri Job Speak: Hiring Activity Dips By 1.9% In May |
| According to the latest Naukri JobSpeak report, the Job Index for May, 2009 declined by 1.9 per cent from 677 in Apr‘09 to 664 in May’09. Sector-wise, hiring activity in telecom and pharma sectors was down by 12% and 14% respectively, in May’09 as compared to Apr’09. However, there was cheer for the FMCG sector where Job Index moved up by 9%. In city-wise analysis, Delhi/NCR, Mumbai, Bangalore, Chennai, Hyderabad, Ahmedabad and Chandigarh witnessed a fall, while Kolkata saw an increase in hiring activity by 14%. |
| Source: 18-06-09 www.naukri.com Compiled by Amresh Anjan |
| India Inc Created 3 Lakh Jobs In US |
| According to an India Brand Equity Foundation study, corporate India created 3,00,000 jobs in the US between 2004 and 2007. The report comes at a time when the Indian outsourcing industry is under attack for taking away US jobs. |
| Source: 18-06-09 www.livemint.com Compiled by Amresh Anjan |
| Lower Salaries, Fewer Offers At IIT-Kanpur |
| The slowing economy has affected the number of placement offers at the prestigious Indian Institute of Technology, Kanpur. Around 21 per cent of its students are still waiting for placements this year. Of the 1,037 students who had applied for campus placement, 732 appeared for interviews while only 574 managed to secure final employment. This year, 180 private and public companies were invited but several failed to turn up. Last year, 125 companies had participated in the recruitment process, employing 700 students, while this year 129 companies managed to employ only 574 students. The average salary packages, too, have declined from Rs 6.5 lakh (Rs 650,000) last year to Rs 5.8 lakh (Rs 580,000) p.a. this year. |
| Source: 15-06-09 Business Standard Compiled by Amresh Anjan |
| Employers To Bear Employees’ Medical Bills At Private Hospitals |
| As per the latest directive of the Delhi Consumer Commission, an employee, who enjoys medical benefits by his employer, can get all the expenses reimbursed even if he or she receives the treatment at an empanelled private hospital. The panel noted that the very purpose of bringing private hospitals on the panel of the organisation would be defeated if the employers start refusing reimbursement of treatment to employees. |
| Source: 18-06-09 www.rediff.com Compiled by Amresh Anjan |
| iGate To Recruit 400 This Year |
| Bangalore-based iGate Global Solutions Ltd will take on board 400 people this year. Currently, the firm has 6,500 employees on its rolls including 1,100 overseas. The company might resume campus hiring from January. There have been no retrenchments or salary cuts at the company. |
| Source: 19-06-09 www.sify.com Compiled by Amresh Anjan |
| Less Holidays For Central Govt Staff This Year |
| In 2010, central government employees will have fewer holidays to their credit. It has been decided that central government employees outside Delhi will have just six holidays in 2010. The Department of Personnel published the list of holidays under which eight other holidays fall on Saturdays or Sundays, which in any case are off days. Employees can also avail of three restricted holidays that would be decided by the coordination committees in state capitals from a list of 12 such holidays. Central government staff based in Delhi will have 11 holidays in total: 9 holidays plus two restricted holidays. In 2010, of the three national holidays -Republic Day, Independence Day and Mahatma Gandhi's birth anniversary - the last two occur on Sunday and Saturday. |
| Source: 16-06-09 www.rediff.com Compiled by Amresh Anjan |
| Air India Delays Salary Payments To Staff |
| Reeling under acute cash crunch, Air India, India's national carrier, will defer salary payments for its 31,000 employees by two weeks. Owing to rising fuel surcharge, low-fare regime and lower number of passengers, Air India lost about 40 billion rupees ($800 million) in the fiscal year ended March 31 and would pay 3.5 billion rupees ($70 million) worth of June salaries on July 15 instead of July 1. |
| Source: 18-06-09 www.sify.com Compiled by Amresh Anjan |
| Aricent To Ramp Up Headcount |
| Even as most IT companies have put a freeze on hiring, Aricent, an IT solutions provider to the communications sector, is looking to increase its headcount by about 10 per cent in the current fiscal. The company has about 8,000 people on its rolls globally, while in India, it employs about 6,000. |
| Source: 18-06-09 www.sify.com Compiled by Amresh Anjan |
| Dr Reddy's To Add 1,300 Staff This Year |
| Global drug maker Dr Reddy's Laboratories will recruit 1,300 people this year, including about 350 through campus recruitment. About 300 new employees have already joined and the rest would join in phases. Currently, the company has about 11,000 employees, of which 12 per cent are women and 20 per cent work overseas. The company’s attrition rate has dropped to 12 per cent from the earlier 18 per cent. |
| Source: 16-06-09 Business Standard Compiled by Amresh Anjan |
| Karnataka Bank To Split Chairman And CEO Post |
| Following the Reserve Bank of India directive, Karnataka Bank is splitting the post of Chairman and Chief Executive Officer (CEO). Accordingly, Mr Ananthakrishna would be the non-executive Chairman and Mr P. Jayarama Bhat would be the Managing Director of the bank. Earlier this month, Axis Bank, too, bifurcated the post of Chairman and Chief Executive Officer. |
| Source: 17-06-09 www.thehindu.com Compiled by Amresh Anjan |
| Barclays India Eliminates 121 Jobs |
| Banking entity Barclays India has axed 121 employees from its 5,000 strong workforce in the country. Barclays India is a part of the British banking giant Barclays Plc. It has six entities operating in India employing more than 5,000 people for the past 30 years. |
| Source: 15-06-09 www.rediff.com Compiled by Amresh Anjan |
| Euro Zone Employment Rate Dips |
| With deepening recession, the employment rate in the 16-nation euro area dropped by 0.8 per cent in the first quarter of 2009. According to Eurostat, the statistical agency for the European Communities, the number of people employed in the euro zone -- the grouping of 16 nations that share the common currency euro -- fell 0.8 per cent (12,20,000 persons) as compared to the previous quarter. The employment rate in the 27-nation European Union also decreased by 0.8 per cent during the same period. In April, the jobless rate in the euro area touched a 10-year high of 9.2 per cent. |
| Source: 15-06-09 www.rediff.com Compiled by Amresh Anjan |
| Accept Shares In Return For Pay Cut: British Airways To Pilots |
| In a ‘unique agreement’ to save jobs at the troubled airline British Airways, union leaders at the airline have urged pilots to accept shares in the company in return for a pay cut. Under the deal, pilots will see their annual pay cut by 2.61% — worth around £2,000. However, about 78 of 3,200 pilots will have to lose their jobs. |
| Source: 18-06-09 www.livemint.com Compiled by Amresh Anjan |
| MySpace To Prune Staff By 30% |
| The social networking site MySpace will slash almost a third of its staff in an effort to cut costs. The cuts will translate into about 400 job cuts. The site is looking to return to its start-up culture. |
| Source: 16-06-09 news.bbc.co.uk Compiled by Amresh Anjan |
| Patni Appoints New Executive Vice-President |
| Mr Manish Soman has been appointed by Patni Computer Systems as Executive Vice-President and Chief of Operations in its executive leadership team. In this role, he will be responsible for the company’s key operations, including sales, technology, business continuity and resource planning. |
| Source: 18-06-09 www.thehindu.com Compiled by Amresh Anjan |
| New Managing Director For TVS Capital |
| TVS Capital Funds Limited has appointed Mr D. Sundaram as Vice-Chairman and Managing Director wef July 10. He will be based at the newly-started Mumbai office. Mr Sundaram possesses over 34 years of association with Hindustan Unilever (HUL) spanning various functions including corporate finance, business performance, operations, governance, mergers & acquisitions, talent/people management and strategy. |
| Source: 16-06-09 www.thehindu.com Compiled by Amresh Anjan |
| Mr Ramki Sundaram Quits Kingfisher Airlines |
| Mr Ramki Sundaram, executive vice-president at Kingfisher Airlines Ltd and former chief executive officer of Deccan Aviation Ltd, has put in his papers. He will join London-based Investec Bank (UK) Ltd in July as global head for mergers and acquisitions and an adviser to its aviation business. |
| Source: 18-06-09 www.livemint.com Compiled by Amresh Anjan |
| Mr Chakrabarty Quits PNB For New Role At RBI |
| Punjab National Bank CMD Mr K C Chakrabarty has demitted office after his appointment as RBI Deputy Governor. At RBI, he would succeed Mr V Leeladhar who had retired in December. |
| Source: 15-06-09 www.livemint.com Compiled by Amresh Anjan |
| Mr Rishi Khiani Steps Down As COO At Web18 |
| Thirty four-year-old Mr Rishi Khiani has stepped down as chief operating officer at Web18. He will be replaced by Mr Joyson Thomas as COO. Mr Khiani had sold his Urban Eye Media to Network18 Media and Investments Ltd in 2006. Post-acquisition, he was hired for a three-year contract for integrating Urban Eye into Web18. |
| Source: 16-06-09 in.reuters.com Compiled by Amresh Anjan |
| Times Internet Ltd COO Is Stepping Down |
| Mr Sunil Rajshekhar, chief operating officer at Times Internet Ltd, is quitting the company, according to close sources. His date of departure is not fixed yet and according to reports, he will be around for a few months till a new CEO takes charge. TIL saw some high-profile exits in the recent past. Mr Dinesh Wadhawan stepped down as CEO in March while CFO Mr Deepak Sogani left in January. |
| Source: 18-06-09 www.contentsutra.com Compiled by Amresh Anjan |
| Ingersoll Rand Hires Mr Venkatesh Valluri To Lead Its India Operations |
| Ingersoll Rand, the industrial technology company, has appointed Mr Venkatesh Valluri as president of its India operations. He will also join the Ingersoll Rand India board. |
| Source: 15-06-09 Business India Compiled by Amresh Anjan |
| Zuji Appoints Mr Roshan Mendis As President |
| Online travel agency Zuji has appointed Mr Roshan Mendis as president at Zuji and regional vice-president at Travelocity, Asia Pacific, its parent company. In his new role, he will be responsible for leading the business focus, development and future growth strategies for all Travelocity brands in Asia Pacific including Travelocity, Zuji and Nextour. |
| Source: 15-06-09 Business India Compiled by Amresh Anjan |
| Tata Motors Elevates Mr Ravi Pisharody To Sr V-P |
| Tata Motors has promoted Mr Ravi Pisharody to the post of senior vice-president, commercial vehicles business. He would fill in the post left vacant by Mr Prakash Telang who became the non-executive chairman. |
| Source: 15-06-09 Business India
Compiled by Amresh Anjan |
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