| A Stable Hiring Scenario In August-10: Says Naukri Job Speak A spurt in the economic growth and improved business confidence resulted in a 28% growth in hiring activity in the month of August as against the same period a year ago. The trend shows that recruitment is back on track and most sectors are on a continued hiring momentum. A detailed analysis of the job index reveals that 5 out of the top 10 industry sectors and 9 out of the top 10 functional areas registered positive monthly growth. Chennai witnessed the strongest hiring trend among all cities with its index at 905 being the highest in the last one year. All other cities were on a stable hiring mode. With the inflation figures hovering around all time highs, this positive hiring scenario would surely lessen the stress of the jobseeker as the probability of finding the right job increases manifold. Source : 03-09-10 Naukri.com Compiled by Amresh Anjan
The New Infy Chairman Might Be From Within, Hints Mr Gopalakrishnan Infosys Technologies is apparently set on having an insider as its chairman after Mr Narayana Murthy retires in August next year. Though the final call will be taken by the board in January, Infosys Managing Director and CEO Mr S (Kris) Gopalakrishnan hinted that the company has enough "depth of leadership". Mr Gopalakrishnan said that "if there is somebody coming from outside, either there is a failure inside in identifying the right leaders, or it's a new area where we don't have the expertise inside". Source : 01-09-10 Business Standard Compiled by Amresh Anjan
Buzz Over BSNL's Top Job Begins As the search for the next Bharat Sanchar Nigam Ltd (BSNL) chief begins, the names that have emerged as frontrunners for the post include Mr Arun Sarin, ex-Vodafone CEO, Mr Gopal Das, acting chairman and managing director (CMD) of BSNL, Mr RK Upadhyay, CMD of Telecommunications Consultants India Ltd (TCIL), Mr Subodh Kumar, additional secretary in Department of Telecom (DoT), Mr K L Dhingra, CMD of Indian Telephones Industries (ITI) and Mr Sanjiv Gupta, former CEO of Coca Cola India. According to a source, the state-run telecom company has received 132 applications. Source : 31-08-10 DNA Compiled by Amresh Anjan
Good News For The Salaried The Direct Taxes Code will surely bring a smile on the faces of salaried employees. First and foremost, medical reimbursements of up to Rs 50,000 a year will be exempt from tax, as against the ceiling of Rs 15,000 at present. Besides this, income tax department said that leave travel allowance (LTA) will continue to get the same tax treatment that is available at present. So, in case an employee presents a bill, he or she will be able to claim tax breaks every second year. The norm is that an employee can claim two LTAs in a block of four years. However, the way the same is presented in your tax return will change once the DTC becomes effective from April 2012. Instead of the current system, where it is completely exempted from tax, in the new regime LTA will form part of your total income but qualify for deduction. Source : 01-09-10 Business Standard Compiled by Amresh Anjan
Ms Indra Nooyi Does Not Want To Be A Part Of The Race To Succeed Mr Ratan Tata PepsiCo chairman and chief executive officer, Ms Indra Nooyi, who is in the list of the possible candidates to succeed Mr Ratan Tata as chairman of the Tata Group, has ruled herself out of the race saying she "loves" her present job. "Ratan is an unbelievable person. He has got an incredible stable of people who can succeed him. I am running one of the greatest companies in the world, PepsiCo. I love my job," Ms Nooyi answered when asked about the speculation linking her to the top job at the $71 billion Indian salt-to-software conglomerate. Source : 29-08-10 DNA Compiled by Amresh Anjan
Centre To Appoint New Chiefs For ONGC, BPCL And IOC The government will soon begin the process for appointing new chairmen and managing directors for Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation (IOC), whose heads are scheduled to retire early next year. The Public Enterprise Selection Board (PSEB) will conduct interviews to select the next Chairman and Managing Director (CMD) of ONGC on October 19. Petroleum and Natural Gas Ministry sources the list of possible candidates includes: Mr Sudhir Vasudeva, Director (Offshore), ONGC; Mr D.K. Saraf, Director (Finance), ONGC; and MrR. S. Butola, Managing Director, ONGC Videsh. Acting Director General of Hydrocarons Mr S. K. Srivastava and OIL Director (Exploration) Mr B. N. Talukdar have also applied for the job. Source : 03-09-10 The Hindu Business Line Compiled by Amresh Anjan
Andhra Bank, UCO Bank, Canara Bank And Corporation Bank Name New CMDs Four public sector banks appointed new chiefs last week, including Canara Bank Chairman and Managing Director (CMD) Mr S. Raman and UCO Bank chief Mr Arun Kaul. While the term of the new CMD of Canara Bank comes to an end in September, 2012, the UCO Bank chief will retire after five years. Besides this, Central Bank of India Executive Director Mr Ramnath Pradeep assumed office as the new CMD of Mangalore-based Corporation Bank, the bank informed the Bombay Stock Exchange. In the meantime, Executive Director Mr R. Ramachandran of Syndicate Bank has assumed charge as CMD of Hyderabad-based Andhra Bank Source : 03-09-10 The Hindu Business Line Compiled by Amresh Anjan
US Jobless Claims Fall Further New claims for US unemployment benefits dropped last week, but were still too high to indicate a change in fortune for the disturbed labour market. According to data from the Labour department, initial claims for state unemployment benefits dropped for a second straight week, slipping 6,000 to a seasonally adjusted 472,000 in the week ended August 28. Source : 02-09-10 DNA Compiled by Amresh Anjan
Citigroup Plans To Triple Its Workforce In China Citigroup Inc plans to almost triple its staff strength in China by hiring up to 7,500 people in the next three years, according to an executive of the company. Citigroup, which has 4,500 employees in China, will recruit more in that country that in any other Asia-Pacific market. The hiring plans will assist Citigroup's efforts to grow in the region and compete with HSBC Holdings PLC and Standard Chartered PLC. Source : 02-09-10 DNA Compiled by Amresh Anjan
Men Are Paid More Than The Women To Stay In The Job In Australia: Survey According to a new survey, employers of banking and financial staff are willing to pay men more than women to stay in the firm. A survey of 2,095 accounting and finance professionals by recruitment firm Marks Sattin Australia revealed that 360 had resigned at least once in the last six months and of those 31% had received a counter offer from their employer to stay. A similar 2009 survey showed that only 22% of those quitting had been offered more money to stay. The 2010 survey found that the number of men and women offered more money to stay was about equal. However, of those, 25% of the men were offered 20% or more to stay compared to just 15% of the women. Mr Scott Stacey, managing director of Marks Sattin Australia, said while the research indicates employers were willing to pay more to keep male staff, it did not reveal why. Source : 02-09-10 DNA Compiled by Amresh Anjan
Foster's CFO Quits, Takes Over As Asciano CFO Foster's Group's Chief Financial Officer Mr Angus McKay resigned after more than two-and-a-half years in the position. Mr McKay, who has been CFO since January 2008 after starting with the maker of Foster's Lager, Pure Blonde and Victoria Bitter six years ago, will depart from the company later this year to take over as CFO at ports and rail operator Asciano Group. Source : 02-09-10 DNA Compiled by Amresh Anjan
TechM CEO Steps Down Mr Sanjay Kalra, chief executive officer of Tech Mahindra, has resigned from the company. He will step down from his position on September 15. After that, Mr Vineet Nayyar, vice chairman and managing director, will take direct charge of operational responsibilities. Source : 28-08-10 Business Standard Compiled by Amresh Anjan
Mr Srivats Ram Appointed As CP In ACMA Automotive Component Manufacturers Association of India (ACMA) named Mr Srivats Ram, Managing Director of Wheels India, as the President for 2010-11. It also appointed Rico Auto Industries' Managing Director Mr Arvind Kapur as Vice-President of the industry body. Source : 01-09-10 The Hindu Business Line Compiled by Amresh Anjan
Mr Amit Chatterjee Named As MD Of Microsoft Centre Microsoft appointed Mr Amit Chatterjee as the new Managing Director of its India Development Centre (MSIDC) in place of Mr Srini Koppolu, Corporate Vice-President and MD, who is leaving the company after spending 21 years. Mr. Chatterjee, who is the General Manager for the Visual Studio Test and Lab Management team at MSIDC, will now expand his responsibilities to lead MSIDC. Source : 01-09-10 The Hindu Business Line Compiled by Amresh Anjan
Singapore's GIC Appoints India Real Estate Head The Government of Singapore Investment Corporation (GIC) has announced the appointment of Mr Kishore Gotety, who was most recently at RREEF, as country head for India real estate. The appointment suggests that GIC believes the opportunity is ripe to start investing in real estate in India. Source : 01-09-10 FinanceAsia Compiled by Amresh Anjan
Mr Shravin Mittal Joins Bharti Airtel Mr Shravin Mittal, son of Bharti Group's head Sunil Mittal, has joined the group's flagship company Bharti Airtel. He will play a key role in expanding the company in the African market. "Shravin Mittal has been appointed as manager with Bharti Airtel International (Netherlands) BV. He will be part of Bharti Airtel's international operations. His current remuneration will be euro 50,000 annually," according to a company statement. Source : 03-09-10 The Hindu Business Line Compiled by Amresh Anjan
Mr Rishad Premji Appointed As New Chief Strategy Officer Of Wipro Wipro announced that Mr Rishad Premji, the eldest son of Chairman Mr Azim Premji, has been named as the Chief Strategy Officer with effect from September 1. Prior to this, he was General Manager, Treasury and Investment Relations. Senior Vice President (HR) Mr Saurabh Govil said Mr. Rishad "brings diversified experience" in the fields of consulting, finance, treasury and operations. Source : 03-09-10 The Hindu Business Line Compiled by Amresh Anjan
JP Morgan Names Mr Colin Fenton As Global Head JP Morgan Chase & Co, the second-biggest US bank, named Mr Colin P Fenton, previously the chief executive officer of Curium Capital Advisors, as global head of commodities strategy, a new position. He will report to Mr Tom Schmidt, head of global commodity research and America's equity research, Mr Kimberly Weinrick. Source : 01-09-10 Business Standard Compiled by Amresh Anjan
KKR Indian Hires Mr Heramb Hajarnavis KKR India Advisors has announced the appointment of Mr Heramb Hajarnavis as the director of the firm. He joins KKR from Goldman Sachs where he served as managing director (principal investment area) for India. In his new role, Mr Hajarnavis will work closely with Sanjay Nayar, member and CEO of KKR India, to grow the company's private equity business in India, as per a company statement. Source : 03-09-10 The Financial Express Compiled by Amresh Anjan
Mr Dipak Jain Appointed As Non-Executive Independent Director At Hindustan Media Hindustan Media Ventures Ltd has appointed Mr Dipak Jain as non-executive independent director and Ms Priyavrat Bhartia as non-executive director on the board of the company. The company has also announced the appointment of Mr Ajay Jain as chief financial officer with effect from September 1, 2010, the company said.
Source : 03-08-10 The Financial Express Compiled by Amresh Anjan | 
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