| Flu Scare Leads To Fall In Attendance At IT, BPO Firms In Pune |
| With the growing number of Swine Flu fatalities in the city, IT-BPO service providers in Pune are witnessing up to 20 per cent drop in attendance of employees. The fear of getting infected in buses or cabs is keeping employees from showing up at work. Many IT-BPO companies have allowed their people to work from home, if feasible. Some firms are hiring laptops to allow employees to stay at home and work. |
| Source: 14-08-09 Business Standard Compiled by Amresh Anjan |
| 172,000 Indian Jobs Lost Between April And June |
| The latest survey by the Union Labour Ministry has revealed that the economic slowdown claimed 172,000 workers jobs between April and June 2009. During the same time, the number of contract workers climbed by 40,000. Thus, the total job losses stood at 132,000 for the period. There was also a fall in earnings parallel to loss of jobs in various sectors. Only the gems and jewellery sector has witnessed earnings going up. The decline in regular workers was seen in textiles, metals, gems and jewellery, transport and IT BPO sectors. |
| Source: 08-08-09 Business Standard Compiled by Amresh Anjan |
| Ms Shikha Sharma’s Salary Check Pegged At Above Rs 2 cr At Axis Bank |
| Axis Bank managing director and CEO and a former ICICI Bank veteran, Ms Shikha Sharma will receive compensation in excess of Rs 2 crore a year, including all allowances and other perquisites. She will also be eligible for loan facilities totaling Rs 51 lakh by the bank, besides fully furnished accommodation, office car and telephone among other benefits. Ms Sharma will get over Rs1.75 crore as salary and allowances towards entertainment, house rent and upkeep of her residence. Besides, she will also get various perquisites amounting to more than Rs 90 lakh, taking the total package to about Rs 2.65 crore. |
| Source: 12-08-09 www.livemint.com Compiled by Amresh Anjan |
| Key Appointments At Patni |
| IT and BPO services provider Patni Computer Systems has undertaken a restructuring of its business, classifying it into four key geographies. New appointments to its leadership team have also been announced. Patni’s regional business will now be structured into four key geographies-- the US, EEMA (Europe, Middle East and Africa), APAC (Asia Pacific) and SAARC (South Asian Association for Regional Cooperation). The US business will be headed by Mr Naresh K. Lakhanpal, who has earlier worked with Deloitte and Touche as global practice director (Technology, Media and Telecommunications Practice), Navigational Sciences, Tandem Computers and Ericsson. The Asia Pacific region has been divided into APAC and SAARC. Mr V. Mathivanan has been appointed as president of the APAC region. Mr Deepak Khosla will lead the SAARC region. |
| Source: 11-08-09 www.livemint.com Compiled by Amresh Anjan |
| Naukri.com Launches New IT Search |
| The new IT search launched by Naukri.com is a standalone, specialized search in Resdex for selecting IT candidates with particular IT skills. Recruiters looking for candidates with a specific set of IT Skills would be able to search on these skills with specified experience. Recruiters would be able to filter out candidates with certain IT skills and further refine the search using other criteria in the search form. The new IT Search allows users to choose from a list of more than 150 most-used IT skills and allows them to set an experience level for each set. There is an option to search on up to 5 IT skills. Also, there is flexibility to search for ‘All the skills’ vs ‘Any of the skills’. |
| Source: 09-08-09 www.naukri.com Compiled by Amresh Anjan |
| UK Trade Union Proposes To Ban High Heels At Work |
| The Trade Union Congress in the UK has proposed to ban the stiletto heels from the workplace terming them sexist and a safety hazard. The proposal says that women at work should not wear heels more than an inch high to avoid injuries and long-term foot and back problems. This has sparked an outrage among high-flying women, who labeled the motion as patronising. |
| Source: 08-08-09 www.indianexpress.com Compiled by Amresh Anjan |
| Malaysia To Curb Foreign Workers’ Entry; Promote Local Hiring |
| Taking a serious note of rising unemployment, Malaysian government has decided that no fresh permits will be issued to companies for bringing in foreign workers. Instead, the employers have been asked to hire locals who have lost their jobs due to the global economic downturn. Malaysia relies heavily on foreign labour especially from India, Indonesia, Bangladesh, Nepal to help out at its construction, plantation and restaurant industry. |
| Source: 13-08-09 www.rediff.com Compiled by Amresh Anjan |
| 45% US Firms To Go For Temp Hiring |
| As per a report by staffing services provider Veritude, 45 per cent of American companies will hire temporary workers as IT and professional staff in the near future. 25 per cent of the organisations polled are looking to increase temporary IT and professional hiring in the near future. In this time of liquidity crunch and economic slowdown, companies believe that hiring qualified temporary knowledge workers will give them more flexibility as well as opportunities to reduce costs. |
| Source: 12-08-09 www.rediff.com Compiled by Amresh Anjan |
| UK Jobless Total Highest Since 1995 |
| The unemployment rate in the UK reached its highest level since 1995, according to official figures by the Office for National Statistics. The number of jobless people increased by 220,000 to 2,435,000 in the three months to June, taking the jobless rate to 7.8%. Claims for unemployment benefit increased by 24,900 in July to 1.58 million. |
| Source: 12-08-09 news.bbc.co.uk Compiled by Amresh Anjan |
| Allied Carpets Slashes 850 Jobs |
| Allied Carpets, the second-largest floorings retailer in the US, has closed down 142 stores making 850 employees redundant. |
| Source: 14-08-09 www.nytimes.com Compiled by Amresh Anjan |
| US Payrolls Drop Less In July |
| For the first time in 15 months, the U.S. unemployment rate dropped in July as employers cut lesser jobs than expected. Employers slashed 247,000 jobs in July, according to the Labor Department data, taking the unemployment rate to 9.4 percent, down from 9.5 percent in June. This data defies the analysts’ forecast that had expected non-farm payrolls to fall by 320,000 in July and the jobless rate to hit 9.6 percent. |
| Source: 08-08-09 www.reuters.com Compiled by Amresh Anjan |
| HP Reduces EDS Employees' Salary By 30% |
| Hewlett-Packard (HP) has announced a 30 per cent cut in the salaries of EDS employees. In April, HP had announced a one-month, 10 per cent pay cut for EDS workers in the US and Puerto Rico with salaries above $40,000. |
| Source: 08-08-09 www.ciol.com Compiled by Amresh Anjan |
| Hitachi Data Appoints New VP And GM |
| Hitachi Data Systems has appointed Mr Vivekanand Venugopal as vice president and general manager. Prior to this appointment, he worked with a storage integration company based in Bangalore. |
| Source: 11-08-09 www.thehindu.com Compiled by Amresh Anjan |
| Shoogloo Network Appoints Mr Sajal Gupta As CEO |
| Shoogloo Network, powered by UK-based Online Media Group (OMG), has appointed Mr Sajal Gupta as chief executive officer. Prior to this assignment, Mr Gupta was general manager and India head, business development at Regalix. |
| Source: 11-08-09 www.alootechie.com Compiled by Amresh Anjan |
| Sify Technologies Appoints Mr Natesh Mani As President |
| Sify Technologies Ltd, has appointed Mr Natesh Mani as the company’s President – Consumer Infrastructure Services. Mr Matni possesses experience spanning over 27 years. Prior to this appointment, he was with Xerox, as Director – Middle East & Africa, where he was responsible for a turnover of US$ 200 million per annum. |
| Source: 13-08-09 www.financialexpress.com Compiled by Amresh Anjan |
| Mr Giri Chandrasekar Jadhav To Return To O&M From Star TV |
| Mr Giri Chandrasekar Jadhav, executive vice president and general manager, STAR TV in India, will be re-joining Ogilvy & Mather Asia Pacific as regional director on the Unilever business. He will be based in Singapore and report to Ms Sophie Hoffstetter, Regional President - Client Growth. |
| Source: 11-08-09 www.exchange4media.com Compiled by Amresh Anjan |
| GTL Infra Appoints Mr Talwar On Company Board |
| Telecom tower company GTL Infrastructure has appointed Mr Satya Pal Talwar as an additional director (non-executive independent director) on the board of the company. |
| Source: 14-08-09 Business Standard Compiled by Amresh Anjan |
| DSP Merrill Lynch Appoints Mr Farokh Pandole |
| Mr Farokh Pandole has been appointed as director in equity sales division of DSP Merrill Lynch. In this role, he would be responsible for enlarging the company’s equity franchise in India. |
| Source: 14-08-09 Financial Express Compiled by Amresh Anjan |
| Eros International Appoints Mr AP Parigi To Head India Operations |
| Eros International Plc. has appointed Mr A.P. Parigi as the group chief executive officer of the Indian operations of the company. Currently, he is the managing director of Entertainment Network of India Ltd’s Radio Mirchi. He has been with the Times of India group for nine years. |
| Source: 14-08-09 www.livemint.com Compiled by Amresh Anjan |
| India Cements Exec Director Quits |
| Mr. N. Ramachandran, executive director of The India Cements, has resigned from the firm. His resignation was accepted by the board of the company on August 12. |
| Source: 14-08-09 www.thehindu.com Compiled by Amresh Anjan |
| Dalmia Cement (Bharat) Appoints Mr H C Sehgal |
| Mr H. C. Sehgal has been appointed the Group General Counsel at Dalmia Cement (Bharat). In this role, he will head the legal function of the group. He will supervise all legal and indirect tax matters and issues across the businesses of the group. Prior to this, he was Executive Director for DLF Home Developers. |
| Source: 13-08-09 www.thehindu.com
Compiled by Amresh Anjan |
No comments:
Post a Comment