DU undergrads offered Rs.32 Lakh package by Deutsche Bank

For more, Visit at : www.amreshanjan.co.cc New Delhi: Two undergraduate students, one each from the Shri Ram College of Commerce (SRCC) and St. Stephen's of Delhi University (DU) have been offered jobs with a salary package of Rs.32 lakh ($69,000) per annum each. The offers have been made by Germany based Deutsche Bank. Both Adit Mathur and Sukrit are final year students of SRCC and St. Stephen's college respectively. The size of the offer made to a student from DU is what has made the cheerful difference to the ritual of foreign banks picking up students from Indian institutions; as such handsome offers are the perquisite of Indian Institutes of Technology and Indian Institutes of Management. The highest that a DU student has got in the past is Rs.14 lakh from Lehman Brothers in 2007.   Following the placement, in an interview to Economic Times, Mathur said, "It was completely unexpected. I couldn't prepare much in advance, but brushing up the basics helped a lot." Both these students will be flying off to London next July for the Graduate Analyst Training Programme, where they will interact with several other students from across the globe. This year, the placement scenario in Indian universities is much better than what it was last year. Last year, around 25 companies came with jobs but this year the college is expecting more than 35 companies. In the current session, DU has also introduced online registration system for those who desire to be placed. More than 8,000 students have registered with Central Placement Cell (CPC) so far. Apart from this, SRCC has placed 40 undergrads and 14 post graduate students from its Global Business Operations course. At SRCC, where last year the minimum salary an undergraduate student was expecting was Rs.2.2 lakh per year and a post-graduate student could look at Rs.4 lakh, this year, the figure has doubled. About 20 students from the college have already been hired by several companies. Similarly, 20 final year students of St. Stephen's College have received job offers from reputed multinational financial companies like McKenzie and Bain Capital. Four students have got offers of Rs.11.5 lakh per annum each at McKenzie, while four were absorbed by Bain Capital at a salary of Rs.7.5 lakh per annum each. Dr. PC Jain, Principal, SRCC, said, "We are not entertaining companies that are not offering good salaries. In this regard, we have already rejected the offer of two very good companies. It is expected that every student of SSRC will get two job offers before January." Meanwhile, students from other colleges of the DU are also hoping for good placement offers this year. While 11 undergraduate Commerce students of Hans Raj College were hired by VKS, an affiliate of the United Bank of Switzerland, with salaries of about Rs.4.5 lakh per annum each, 81 students have been shortlisted for interviews by Google. Institutes like Kirori Mal College (KMC), Daulat Ram, Hindu and Ramjas too have good companies lined up with jobs for students. Source: 25-11-09   Siliconindia News Bureau Compiled by Amresh Anjan

HR Headlines: Nov-09 (Part-3)

For more, Visit at : www.amreshanjan.co.cc   64% Of Employers Say Engineering Grads Are Not Employable According to a survey conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the World Bank, that there is a major skill gap among Indian engineering graduates. The survey revealed that 64 percent of surveyed employers are "somewhat", "not very", or "not at all" satisfied with the quality of engineering graduates' skills. Mr. Andreas Blom, senior education economist at the World Bank, said, "The survey highlights the need for colleges to focus on the skills of the graduates. Each college should define the set of skills that a graduate is supposed to have after each semester. Further, colleges need to change pedagogical style from teacher-centric to student-centric, and include more assignments for students to independently analyse and apply tools on real life problems." Source: 08-11-09   ibnlive.com   Compiled by Amresh Anjan   Deloitte Plans To Recruit Over 4,000 In Three Years Global consulting firm, Deloitte said it is optimistic about the expansion of its businesses in India and plans to hire over 4,000 people in the next three years. "At present, we have over 11,000 employees in India we plan to take this beyond 15,000 over the next three years. Our India business has given the strongest performance last year despite the downturn and we remain optimistic about this market and will continue to invest in it," Mr. Jim Quigley, Deloitte Touche Tohmatsu, CEO, said. Last year, Deloitte had about 8,500 employees in India. Source: 10-11-09   rediff.com   Compiled by Amresh Anjan   Infosys BPO Plans To Increase Headcount By 1,500-2,000 People Infosys BPO, the back-office unit of IT firm Infosys Technologies is planning to employ 1,500-2,000 people by the end of the current fiscal. "We plan to hire 2,000 people in the next four-five months or by the end of this fiscal. Currently we are 16,000 people in India," Infosys BPO CEO, Mr. Amitabh Chaudhry said. Source: 10-11-09   rediff.com   Compiled by Amresh Anjan   Adobe To Axe 680 Jobs Worldwide Software firm Adobe Systems Inc is slashing 680 full-time job positions worldwide, nearly 10 per cent of its total workforce, as part of its cost cutting initiative. The company currently has employee strength of more than 7,000. Source: 11-11-09   rediff.com   Compiled by Amresh Anjan   TCS Plans To Recruit Local Talent In The US Tata Consultancy Services (TCS) is expanding again in the US and is hiring at its new facility near Cincinnati, Ohio, which will employ 1,000 workers by the end of 2010, the company said. It has picked up on the cue to scale up the Ohio facility to 300 employees and is aggressively recruiting from US universities. TCS is now a leading recruiter for the University of Cincinnati and Ohio State University and collaborates closely with them to prepare US graduates for jobs in technology and computer science. Source: 11-11-09   DNA   Compiled by Amresh Anjan   India – A Recruitment Outsourcing Hotspot For Corporate Giants In The US According to a recent survey, corporate giants based in the United States and the UK are looking to leverage their recruitment process outsourcing services from emerging market locations like India, in a bid to cut costs. The global consulting and research firm Everest Group said increasing cost pressures in the current economic environment has led North American and UK buyers to start receiving the back-office RPO services from offshore location such as India. Indian suppliers such as Infosys, Wipro and Caliber Point have already entered this space in the past two years, while Western suppliers such as Momentum and PeopleScout are also leveraging India for delivering RPO services. Source: 11-11-09   rediff.com   Compiled by Amresh Anjan   Accenture Bullish On Hiring Technology firm, Accenture is optimistic about increasing its headcount, next year. Information technology and consultancy were among the worst-hit sectors by last year's global economic crisis, consequences of which are still being felt by businesses across continents. It said that it would shore up its staff strength by 8,000 by next year, mainly in the analytics space. "We are 42,000 right now and we imagine we will be about 50,000 by the end of 2010," Accenture chairman and chief executive officer, Mr. William D Green said. Source: 09-11-09   DNA   Compiled by Amresh Anjan   Expat Pilots, Hiring Firms Constitute 10% of AI Salary Bill To pay its team of over 160 foreign pilots and hiring firms, cash-strapped Air India has been spending around ten percent of the airline's total salary bill. As showed by the airline in response to a Right To Information application, NACIL paid Rs 93.29 crore towards salaries and expenses to the agencies which provided expatriate pilots to Air India and Air India Express last financial year. Out of this, Air India paid Rs 46.63 crore (USD 93, 27,644.23) while its budget arm, Air India Express spent Rs 46.66 crore (USD 93,33,732.11) on the expat pilots during the same period. Source: 08-11-09   DNA   Compiled by Amresh Anjan   Barclays Plans To Increase Its Asia Staff Barclays said that it would increase its workforce in the merchant banking segment across Asia by 10 percent during 2010. "We would expect our workforce to increase across Asia by 10 percent," said Mr. A Morrice Robert, Chairman and CEO Asia Pacific, Barclays. Source: 10-11-09   Hindustan Times   Compiled by Amresh Anjan   Lloyds To Slash 5, 000 Jobs Britain's Banking Group is planning to axe 5, 000 more jobs as it reorganizes its group operations and insurance and retail divisions. The job cuts would include 2, 400 contractors, temporary staff and offshore personnel. Source: 11-11-09   Hindustan Times   Compiled by Amresh Anjan   EPFO Proposes Increase In Salary Limit To The Labour Ministry The Employee Provident Fund Organisation (EPFO) has proposed to the labour ministry to increase the salary limit for employee provident fund (EPF) to Rs 10, 000 from the current Rs 6, 500. In its proposal, it has also requested to cover companies with a minimum of 10 employees under the Employee Provident and Fund and Miscellaneous Provisions (EPF & MP Act), 1952, against the present norm of 20 employees. If this proposal gets approved, it could turn out to be an important move because of rise in salaries. But for smaller industries like Beedi industry, which pay a lower rate of 10 percent, because of lower turnover, would see a higher outgo if this regulation is implemented. Source: 07-11-09   Business Standard   Compiled by Amresh Anjan   Finance Jobs Back In Action At IIM - Ahmedabad Finance companies overcame the slowdown blues to once again emerge as the hot favorite among the 2009-11 batch of the post graduate programme this year. In this year's IIM – A's placements, finance remained the top pick with 44 percent of students opting for roles in finance, investment banking, private equity, corporate banking and treasury roles. The Royal Bank of Scotland saw the highest number of acceptances - 12 students will join the lender for summer internships in April-May 2010. Source: 07-11-09   Business Standard   Compiled by Amresh Anjan   50 Days Long Strike Comes To An End At Rico Auto Following an agreement with the management, workers at Rico Auto called off their strike of around 50 days. According to the agreement, out of 16 workers who were suspended after the strike started, the management has agreed to revoke the suspension of eight, while one worker will be taken back after one month, Rico Auto Senior, Vice-President (HR Corporate), Mr. Surinder Singh Chaudhary said. He added that incentives and other issues like salary hikes would be decided after comparing with those of other leading firms located in and around the Gurgaon-Manesar belt. The workers went on strike from September 17 demanding, among other things, salary hike and recognition of their union. Source: 07-11-09   Business Standard   Compiled by Amresh Anjan   General Motors' Workers Strike General Motors Co said it was preparing a plan to restructure Opel and could pay off debt due this month as German workers went on strike to protest the auto makes decision to keep the European unit. The workers have put down their tools saying that GM had betrayed their interests by reversing a decision to sell a majority stake in Opel to a Russion-backed consortium led by Magna International. Source: 07-11-09   Business Standard   Compiled by Amresh Anjan   Unemployment Jumps To 10.2% In US The rate of unemployment in the US jumped to a 26-year high of 10.2 percent in October and employees cut more jobs than forecast, underscoring why Federal Reserve policy makers say interest rates will remain negligible. Last month, payrolls fell by 190, 000 workers compared with a 175, 000 drop anticipated by the median forecast of economists figures from the Labor Department showed in Washington. Source: 07-11-09   Business Standard   Compiled by Amresh Anjan   Berkshire's NetJets Gives Pink Slips To 495 Pilots NetJets Inc, the unprofitable plane-leasing unit of Berkshire Hathaway Inc, is firing 495 pilots as the downturn in corporate flights persists. "This difficult decision resulted from a comprehensive analysis of current and projected flight demand," Mr. David Sokol, NetJets, Chief Executive Officer, said. Source: 07-11-09   Business Standard   Compiled by Amresh Anjan   Jute Mill Workers Plan To Strike From Work Jute mill workers may go on strike this month-end. However, observes feel that this could be risky for the industry's future markets given the present timing. The industry, which provides sustenance to nearly four million growers, experience an 18-day strike last year and its second longest 'cease work' for 63 days in 2007. Source: 07-11-09   Business Standard   Compiled by Amresh Anjan   Satyam Names New Infra Head Satyam Mahindra System has named Mr. Sudhir Nair as Senior Vice-President and Head of Infrastructure Services. He will be working out of the company's office in Bangalore. Source: 11-11-09   Business Standard   Compiled by Amresh Anjan   Realty Firms Set To Hire Again Improvement in the market situation and better end-buyer sentiments are finally ensuring a hiring spree among big realtors across major cities. Developers have now started hiring across-the-board, from top-level executives, including, CEOs and COOs to middle-level executives in execution and sales departments. But pay packages have not reached the peak levels of 2008 yet. As per industry experts, the blood bath that the real estate industry witnessed during the downturn has made employers more cautious and salaries are likely to remain 30-35% lower than what was offered at the peak of growth last year. Source: 09-11-09   The Financial Express   Compiled by Amresh Anjan   25 Percent Rise In IIM-L Summer Job Placements The first phase of summer placements at the Indian Institute of Management, Lucknow (IIM-L) saw a 25 per cent increase in the number of offers as compared to 2008. According to a release from the institute, the first phase has seen a distinct revival in the financial sector, with several major banks and financial companies hiring in significant numbers. Major FMCG firms including Procter and Gamble, Hindustan Unilever, Diageo, Coca Cola, Nokia, Cadbury and several others have already participated in the summer placements so far. The year also marked the entry of several companies such as Singapore Telecom, Puma and Bharti Airtel, who participated in the process for the first time. Source: 11-11-09   Business Standard  Compiled by Amresh Anjan

10 ways to deal with a bad boss

 

For more, Visit at : www.amreshanjan.co.cc Author: Calvin Sun Is your boss about to drive you crazy? Here are some coping strategies to help you keep your sanity (and maybe your job). 1: Avoid responding in kind If your boss acts like a jerk, becomes abusive, or is freaking out, your initial impulse might be to do the same thing. Fight that temptation, hard though it might be. Repaying "evil for evil" accomplishes nothing and only makes the situation worse. If you maintain your professionalism, it will make a positive impression on those who are watching or those who hear about it — including possibly your boss's boss. Here's an extreme example, but one based on a true incident. Suppose you've just sat down at a restaurant with your boss, and the latter becomes agitated that there are no menus. Rather than get agitated yourself, perhaps because the boss is blaming you for the lack of menus, try to stay calm and simply say, "Boss, the menus are on the way." Repeat as often as necessary. 2: Document your work Keep track of your accomplishments and of compliments you get from co-workers or managers of other departments. Record the date of these incidents. When documenting these items, try to record as well the significance of the accomplishment. What problem existed at the time? What would have happened had you not acted? How did your action have a positive effect on the entire organization? Keep this information on a system other than your work computer or company network - that is, keep it in a place where you can still access it even if you leave or are terminated. 3: Use objective measures When documenting your accomplishments, try to use objective measurements. If you're on a help desk, for example, "I resolved that ticket promptly" is a meaningless statement. However, "I resolved that ticket in three hours, compared to the departmental average of five hours," carries more credibility. If you're in a call center, similarly, a statement that "I answered 80% of my calls within the second ring" is preferable to "I answered my calls promptly." 4: Confront with evidence It's easy for a boss to yell at you based on statements you yourself make. It's harder if you confront the boss with detailed data, in particular data that has objective measures. So when your boss complains that you're not answering calls promptly, share your data. In doing so, you're telling the boss implicitly (or, if you're brave enough) explicitly, "Boss, you can be angry all you want, but the data favors my position." 5: Be clear about performance measurements The objective measurements are also important when you are setting your performance measurements. Having subjective standards makes it easier for your boss to rate you poorly. Having objective standards, assuming you're doing your job and meeting them, makes it harder for the boss to do so. 6: Keep your network active Maintain your connections with other people in your company, or even outside your company. Stay active with alumni from your school or college. Be active in community affairs. Doing so keeps you visible and can help you find another job in the event you decide you need to or you're forced to part ways with your boss. 7: Don't burn bridges If you do part ways with your boss, you might be tempted to "unload," given that you have nothing left to lose. Fight that temptation and try to be gracious. Did you learn anything at all of value from the boss? In particular, was there a time when you thought the boss was wrong, but it turned out the boss was right? Say so. Though not impossible, it would be really hard for even a bad boss to react negatively to such statements by you. Being gracious will make a huge impression on others. Besides, you never know if you might run into that boss again later in your career. 8: Learn from the experience A corollary to Murphy's Law tells us that "Nothing is ever a waste of time. It can always serve as a bad example." In your case, take some time to analyze why your boss is a bad boss. Just keep in mind that people have different perspectives. Your boss might be reacting to factors and influences you might be unaware of. While that fact doesn't excuse bad behavior, it can explain it. In any event, doing such analysis can help you if you later become a boss, because you'll have figured out what NOT to do. 9: Use humor to cope Humor is a great way to deal with unpleasant situations — hence the need, in movies and television, for comic relief following a tense scene. Rather than be upset about a past encounter, try laughing about it. You could even take it one step further. For example, you could predict what area the boss will first be upset about tomorrow or what time the boss will first become upset that day, then comparing your prediction with what actually happens. While it could be politically risky, you could even start an office pool with co-workers who have the same difficulties - such as establishing an over-and-under on the number of times the boss blows up. 10: Be careful when talking to the boss's boss Do not slander a servant to his master, or he will curse you, and you will pay for it. You may have a chance for a one-on-one meeting with your boss's superior. If so, that person might ask about your boss. Be careful what you say. Be aware, in particular, that criticism of your boss could be taken as criticism of your boss's boss and could cause you even more problems. Remember the old saying, "Don't criticize your wife's judgment. Look who she married." If you do choose to say anything at all about your boss, focus on the behavior rather than the person. Rather than say, "[Boss] is really disorganized," it's probably better, if you say anything at all, to say, "It's hard to focus when priorities keep changing." But a far safer alternative is to encourage any desirable behavior from your boss. For example, you could say, "Boss's practice of doing [x] really helps us. I hope he/she keeps doing that."   Compiled by Amresh Anjan

HR Headlines: Nov-09 (Part-2)

For more article, Visit at : www.amreshanjan.co.cc Job Market Is Rocking Again In India Once again, there is hiring at all levels. After almost three consecutive quarters that witnessed a hiring freeze with selective hiring, recruiters across key sectors such as healthcare, consumer electronics, automobile and information technology (IT) are now actively looking to increase their headcount. According to industry executives, mid-level hiring to hire managers with a few years of experience is the strongest sign yet of a recruitment rebound. Demand for entry-level executives is also up. Besides that, domestic demand is aiding consumer electronics and automobile companies. Samsung India is is in the process of recruiting middle and senior marketing professionals, though company officials did not give numbers. Its rival, LG plans to hire 250 to 300 people in the next six to seven months. Some 30 per cent of Maruti Suzuki's 700 planned hires will be senior and middle recruits and the remainder will be fresh engineers. Hyundai has also advertised overseas for recruiting experienced executives. Source: 05-11-09   Hindustan Times    Compiled by Amresh Anjan   New Staff Of Public Sector Banks To Come Under Government's New NPS All those who get appointed at public sector banks on or after April 1, 2010 would come under the government's new pension system (NPS). Public sector banks are all set to recruit 30,000-40,000 employees in the next two years, with about 35 per cent of the total staff set to retire by 2011. "All new recruits would come under the NPS, the move would also give a push to the new system," a senior finance ministry official said. Source: 05-11-09   Hindustan Times    Compiled by Amresh Anjan   Jobs Better Than CAT – Many Young Professionals Believe Last year, Mr. Rajeev Parashar, a quality assurance engineer in an IT company in Bangalore, appeared for the Common Admission Test (CAT) but couldn't make it to any of the top Indian Institutes of Management (IIMs). Soon after, the downturn hit the job market in India, which has made him put off his plan of taking the exam. He is not the only one who has taken this decision. These days, there are many such young professionals who have decided to hold on to their jobs rather than appear for the CAT exam. The figures say it all. The estimated number of CAT applications in 2007 was 230,000, which rose to 290,000 in 2008. Due to errors in application forms, some were rejected and in the end, the final number of accepted registrations in 2008 came to 276,000. This year, however, the total number of accepted CAT registrations has come down to 241,000, which is a 12 per cent drop compared to last year. According to Hyderabad-based Triumphant Institute of Management Education (TIME), which offers coaching for CAT, the number of aspirants has fallen in line with all economic indicators like recruitments and placements. Fee is also a matter of concern for many. Though IIMs offer need-based financial assistance, there is some worry about repaying bank loans at a time when there is uncertainity on pay packages offered during final placement. Source: 02-11-09   Business Standard    Compiled by Amresh Anjan   Fortune Names Apple's Steve Jobs As CEO Of The Decade Apple's Chief Executive, Mr. Steve Jobs single-handedly saved Apple, wrought a revolution in online music, created a world-beating smartphone and led Pixar to dominate computer animation. So it's no surprise that he has been named CEO of the decade by Fortune magazine, which said that Jobs' success in reordering four industries - computers, music, movies and mobile telephones - was 'unheard of.' The report surveyed his achievements since he returned to Apple in 1997, 12 years after being ousted from the company he founded. It took him quite a few years to get the company back in shape. Source: 06-11-09   ibnlive.com    Compiled by Amresh Anjan   AI Pilots Threaten To Go On Strike Air India pilots have served the management an ultimatum to sort out salary and allowances issues by November 10. The pilots have threatened to go on a strike if the management fails to resolve these matters. Indian Commercial Pilots Association (ICPA), the non-executive pilots' body of the erstwhile Indian Airlines, claims representation of 800 pilots. The association claimed that the company has not paid salary allowances, which constitute almost 70-80 per cent of their salary, since August. Source: 03-11-09   ibnlive.com    Compiled by Amresh Anjan   25 expat Pilots To Be Fired By Jet Airways Jet Airways is understood to have decided not to renew 25 foreign pilots' service contracts, which ended in October. The airlines issued them a 30-day notice stating that their services were not required at this stage, a source said. When contacted, the spokesperson of the company said the pilots have been offered the option of availing temporary leave from work till market conditions improve. Source: 03-11-09   rediff.com    Compiled by Amresh Anjan   Nokia Siemens Networks Likely To Axe 5,760 Jobs Nokia Siemens Networks is planning to slash 5,760 jobs worldwide, as the entity undertakes cost cutting measures. The company, a joint venture between Finnish cell phone maker Nokia and German conglomerate Siemens AG, is likely to bring down its annual operating expenses and production overheads by 500 million euros by the end of 2011. Source: 03-11-09   rediff.com    Compiled by Amresh Anjan   Microsoft Slashes 800 Jobs Microsoft Corp said that it is trimming a further 800 jobs across its operations, on top of 5,000 jobs already eliminated under a plan to minimize costs that was announced in January. A spokesman for the world's largest software firm said the latest job cuts are spread across the company's global operations, but about 200 are in and around its headquarters in Redmond, Washington. Source: 05-11-09   ibnlive.com    Compiled by Amresh Anjan   Johnson and Johnson Plans To Trim 8,000 Jobs Johnson and Johnson announced that it would cut around 8,000 jobs in a bid to trim costs in the wake of the recession. The lay-offs amount to some 6 per cent to 7 per cent of the company's employees. They are designed to save some $1.7 billion by 2011, the company said. Source: 04-11-08   ibnlive.com    Compiled by Amresh Anjan   CEOs' Overpaid By 129 times Their 'Ideal Salaries' In 2008 According to a researcher at Purdue University, Mr. Venkat Venkatasubramanian, Chief executives in 35 of the top Fortune 500 companies were overpaid by about 129 times their 'ideal salaries' in 2008. He said, "One of the most pressing economic and corporate governance issues of the day is how to determine fair pay packages for CEOs. The proposed theory allows us to compute what the fair pay is for a CEO, including bonuses and stock options, under ideal conditions." Using the new analysis method, he calculated the 2008 salaries of the top 35 CEOs in the United States and said that they were about 129 times their fair salaries. Source: 04-11-09   rediff.com    Compiled by Amresh Anjan   Summer Placements Begin Well For IIM Calcutta The Indian Institute of Management, Calcutta (IIM-C) announced that at least 30 first-year students will intern at three investment banks next summer, signalling a turnaround in the financial sector. On the first day, Royal Bank of Scotland (RBS) selected 11 students for internship. "As many as three leading investment banks made offers in double digits," IIM-C said in a statement. Among the financial services firms that made offers were Bank of America-Merrill Lynch, Barclays Capital, the investment banking division of Barclays Bank Plc, Morgan Stanley and Japan's Nomura group, which took over the European and Asian operations of Lehman Brothers Holdings Inc. Source: 05-11-09   livemint.com    Compiled by Amresh Anjan   More Job Losses Coming Soon In The US US president, Mr. Barack Obama said in the coming weeks and months, more US jobs will be lost but stressed that the economy had recovered a lot of ground since he took office in January. He said the economy was beginning to stabilise after the deep slump that it entered amid a US and global financial crisis, but he said it still had a long way to go and that policymakers need to find new models for future growth. Source: 03-11-09   DNA    Compiled by Amresh Anjan   TCS Employs 300 Associates For Its U.S. Software Centre Tata Consultancy Services (TCS) said it had hired 300 associates for its North America domestic delivery centre, TCS Seven Hills Park. Source: 06-11-09   The Hindu Business Line    Compiled by Amresh Anjan   Reliance Money Gets A New CEO Mr. Vikrant Gugnani has been appointed as the new CEO of Reliance Money. He will take it as an additional responsibility along with heading the international business arm of Reliance Capital. He was the head of Reliance Capital Asset Management till December 2008. Source: 04-11-09   Hindustan Times    Compiled by Amresh Anjan   Chennai Petro Names New MD Mr. K. Balachandran has been appointed as Managing Director (operations) at Chennai Petroleum Corporation Ltd (CCPL). He will take over from Mr. K.K. Acharya, who is likely to join the ministry of Petroleum, according to company sources: Source: 06-11-09   Business Standard    Compiled by Amresh Anjan   Mr. V. Ravichandran Appointed In Murugappa Group's Corporate Board The Chennai-based conglomerate, Murugappa Group has announced the appointment of Mr. V. Ravichandran, Managing Director Of Coromandel International Ltd, to the Murugappa corporate board. He will now be the Lead Director for both EID Parry and Coromandel International, while continuing as the Managing Director of Coromandel International Ltd. Source: 02-11-09   Business Standard    Compiled by Amresh Anjan   3i Infotech Plans To Grant Just 4-Day Work Week To The US Staff 3i Infotech, the IT services firm which recently raised Rs 317 crore via qualified institutional placement to reduce its debt, says it will focus on debt management and cost reduction during the current financial year. The company would execute measures such as offshoring and 4-day work week for its US employees to cut costs. Source: 05-11-09   DNA    Compiled by Amresh Anjan   Morgan Stanley's India ECM Head Quits Morgan Stanley's, India equity capital markets head, Mr. Sumeet Puri has quit. Mr. Puri joined Morgan Stanley in late 2007 from Merrill Lynch's India unit and has been instrumental in the company's strong showing in India this year. Source: 05-11-09   DNA    Compiled by Amresh Anjan