| 58 Million Jobs To Be Created In India By 2012 |
| According to the Pre-Budget Economic Survey, India would witness creation of nearly 58 million new jobs from 2007 to 2012. The non-agriculture sector will boost employment during this period. Sectors like food processing, gems and jewellery, handloom, tourism and construction will create the maximum number of jobs. |
| Source: 02-07-09 www.rediff.com Compiled by Amresh Anjan |
| Mobiles, Laptops Enhance Work-Life Balance: Study |
| According to an international workplace survey by Kelly Services, mobile communications technology such as smart phones and laptops enhance personal productivity and improve work-life balance of people. More than 90 per cent of the Indian respondents to the survey have agreed on this. Nearly 72 per cent said it improves productivity considerably, 20 per cent said it improves productivity slightly while three per cent said it harms productivity and six per cent said it made no difference. Nearly 83 per cent of respondents said the ability to work outside the office, yet remain in constant contact has been a positive development, while nearly 88 percent of respondents said they are attracted by the possibility of telecommuting, working from home or working remotely. |
| Source: 02-07-09 www.rediff.com Compiled by Amresh Anjan |
| Special Recruitment Drive In Railways Soon |
| In the Railway Budget 2009-10, Minister of Railways Ms Mamata Banerjee has announced that a special recruitment drive will be launched soon to wipe out the backlog in filling up the vacancies of Scheduled Castes and Scheduled Tribes. Also, a new scheme will be formed to give better representation of minorities, women and economically backward classes in recruitments for the Indian Railways. |
| Source: 03-07-09 www.rediff.com Compiled by Amresh Anjan |
| 440 Job Losses As Hindalco Closes UK Plant |
| Hindalco Industries, the flagship firm of Aditya Birla group, is closing down its overseas operations to stabilise rising costs because of falling demand. Consequently, Hindalco-acquired Novelis is closing its sheet mill at Rogerstone in the UK that would lead to 440 job losses. Two Novelis mills in Canada also face the threat of closure. |
| Source: 02-07-09 Business Standard Compiled by Amresh Anjan |
| Minimum Salary Limit Raised For Expats With Family In UAE |
| The UAE government has raised the minimum salary limit for expatriates working in the UAE who want to bring their families into the country. They must earn a minimum monthly salary of $1,251, up from $751. Also, foreigners would be required to provide their families with independent accommodation. Initially, the minimum salary requirement was dirham 3,000, which was gradually raised to dirham 6,000, which has now been increased to dirham 10,000. |
| Source: 02-07-09 www.rediff.com Compiled by Amresh Anjan |
| Canon To Axe 700 Jobs |
| Hit by the deepening global economic crisis, Japan’s Canon Inc has decided to eliminate about 700 jobs at its chip equipment operations. Most workers to be affected are in Japan and some workers will be transferred to other sections within Canon. |
| Source: 30-06-09 www.livemint.com Compiled by Amresh Anjan |
| Diageo Closes Distillery Causing 900 Job Losses |
| Diageo PLC, the world’s biggest spirits maker, is cutting 900 jobs as it closes a distillery and packaging plant in Scotland to cut spiraling costs. The job cuts will be made over the next two years. However, the company is creating around 400 new jobs through the expansion of another Scottish packing plant and a new cooperage. |
| Source: 01-07-09 www.livemint.com Compiled by Amresh Anjan |
| Euro Zone Unemployment Rate At 10-Year High |
| The unemployment rate in the 16-nation euro zone touched 9.5% in May, the highest in 10 years. The unemployment rate in 27-nation European Union climbed to 8.9% in May, highest since June 2005. |
| Source: 02-07-09 www.livemint.com Compiled by Amresh Anjan |
| US Unemployment Rate At 26-Year High |
| According to the US Labor Department, the US witnessed 467,000 job losses in June that pushed the unemployment rate to a 26-year high of 9.5%. Since December 2007, about 7.2 million people have been rendered jobless while the unemployment rate has shot up by 4.6 percentage points. |
| Source: 02-07-09 www.livemint.com Compiled by Amresh Anjan |
| British Gas To Generate 2,600 Jobs |
| British Gas will create 2,600 new jobs by 2012 to lead the roll-out of smart meter technology. The new technology will record customers' gas and electricity use at a distance and let consumers see how much energy they are using. Of the jobs to be created, 1,700 would be new, while 900 would be people coming from other metering organisations. |
| Source: 01-07-09 news.bbc.co.uk Compiled by Amresh Anjan |
| German Jobless Rate Up In June |
| In June, the number of unemployed people in Germany reached 3.495 million on a seasonally adjusted basis, a rise of 31,000 on May's number. However, the number is less than what analysts had expected. According to the Federal Labour Office, the jobless rate rose to 8.3% from 8.2% in May. |
| Source: 30-06-09 news.bbc.co.uk Compiled by Amresh Anjan |
| 2,100 More Jobs To Be Slashed At British Bank Lloyds |
| The British-govt controlled Lloyds Banking Group would cut 2,100 more jobs over the next three years in an effort to streamline its operations. The bank has already cut 700 jobs through the natural attrition process. The bank has now reportedly slashed around 7,000 jobs since January. |
| Source: 01-07-09 www.sify.com Compiled by Amresh Anjan |
| Key Leadership Appointments At Mahindra Satyam |
| Mahindra Satyam has introduced some key top-level changes after announcing the leadership team last week. Mr A. S. Murty, who was made the Chief Executive Officer of Satyam Computer Services after the scam broke out, has been appointed the Chief Technology Officer. Mr Rakesh Soni has been appointed Chief Operating Officer. He moves from Tech Mahindra to Mahindra Satyam. Mr Keshab Panda has been given the responsibility to head the business development and operations for manufacturing, BFSI, emerging verticals and strategic accounts. Mr Atul Kanwar will head the business development and operations for the regional business groups, while Mr Manish Mehta will head the delivery for these businesses. Mr T. R. Anand will head the business development and operations for telecom, media and entertainment, tech infra and semiconductor verticals in addition to channel business through alliance partners and Tech Mahindra and new technology companies. Mr Ravi Bommakanti will head the delivery for these businesses. Mr Hari T will handle the dual role of Chief People Officer and Chief Marketing Officer. |
| Source: 01-07-09 www.thehindu.com Compiled by Amresh Anjan |
| New CFO At SpiceJet |
| SpiceJet has appointed Ms Seema Chandra as chief financial officer with effect from July 01. Prior to this, Ms Chandra has worked as Chief Financial Officer with Mascon Global. |
| Source: 02-07-09 Hindustan Times Compiled by Amresh Anjan |
| Wipro Appoints Ms Martha Bejar |
| Wipro Technologies has appointed Ms Martha Bejar as President, Global Sales and Operations. In this role, she will focus on the global ‘Go to Market’ strategy, drive revenue growth and leverage on Wipro’s strength in innovation, technology, process insight and globalization. Prior to this, Ms Bejar has served as Corporate Vice President for the Communications Sector at Microsoft Corp. and as President of Nortel's Caribbean and Latin America regions. |
| Source: 02-07-09 www.financialexpress.com Compiled by Amresh Anjan |
| Mr Vaidyanathan Is The New ED, SEBI |
| Mr K. N. Vaidyanathan has taken charge as Executive Director, Securities and Exchange Board of India. Prior to this, he was Chief Executive Officer (CEO) in Alchemy Capital Management Pvt. Ltd. |
| Source: 02-07-09 www.thehindu.com Compiled by Amresh Anjan |
| Mr Rahul Gupta Elevated At Shinsei Bank |
| Japan’s Shinsei Bank has recently promoted Mr Rahul Gupta, senior managing executive officer and chief financial officer, to its board of directors. Mr Gupta possesses over 25 years of experience in leading financial institutions across Asia. |
| Source: 03-07-09 Business India Compiled by Amresh Anjan |
| TVS Capital Funds Ltd Appoints Mr D.Sundaram |
| TVS Capital Funds Limited has appointed Mr D. Sundaram as vice chairman and managing director. He has more than 34 years of experience with Hindustan Unilever (HUL) as Vice-Chairman and CFO. |
| Source: 03-07-09 Business India Compiled by Amresh Anjan |
| Cognizant Hires Mr Venkatramani |
| Cognizant has appointed Mr S. Venkatramani as Head of Business for India and emerging markets. Mr. Venkatramani possesses over 24 years of industry experience, including 20 years of experience in the IT Industry. Prior to this, he was working with one of India’s largest IT services organizations as the Head of the company’s India Business Unit. |
| Source: 02-07-09 www.thehindu.com Compiled by Amresh Anjan |
| New CEO At Technopark |
| Mr Merwin Alexander has been appointed the new CEO of Technopark in Kerala. Prior to this, he was the Director General of Postal Services in Coimbatore. |
| Source: 03-07-09 Business India
Compiled by Amresh Anjan |
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