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Only Highly Skilled Foreigners To Get Jobs In India To stop foreigners filling non-technical jobs, India has made it clear that they would be taken in only for highly-skilled work and provided they draw a salary of not less than USD 25,000 a year. In an order, the Home Ministry nullified a Labour Ministry circular that capped foreign workers to one per cent of the total strength in any project, with a minimum of five and maximum of 20 people. According to the Home Ministry guidelines, "An employment visa is granted to a foreigner if the applicant is a highly skilled and/or qualified professional, who is being engaged or appointed by a company/organisation/ industry/undertaking in India on contract or employment basis." The ministry also made it clear that employment visa shall not be granted for jobs for which qualified Indians are available and also for routine, ordinary or secretarial/ clerical jobs. "The foreign national being sponsored for an employment visa in any sector should draw a salary in excess of USD 25,000 per annum," it says. However, this condition of annual floor limit on income will not be applicable to ethnic cooks, language teachers (other than English), staff working for the Embassy/High Commission concerned in India.
Source : 22-10-10 Indian Express Compiled by Amresh Anjan
1.3 Lakh New Jobs In IT Sector To Come Up This Year Infosys Technologies Ltd, which reported an employee attrition at 17.1% during quarter to September, hopes attrition will come down radically as wage hikes and promotions are due this month, chief executive officer and managing director Mr Kris Gopalakrishnan said. Saying that high attrition was a phenomenon across the board owing to a sudden spurt of growth in the industry and scramble for recruitment across companies, he added that Infosys expects stability by next quarter. As against promotions along with hikes once a year in April, the IT major is now taking up promotions exercise twice a year, in April and October, from this year onwards. Besides, Mr Gopalakrishnan said with the spurt in growth, the Indian IT sector is set to hire some 130,000 to 150,000 engineers this year as against some 50,000-60,000 recruited last year.
Source : 22-10-10 The Hindu Compiled by Amresh Anjan
Nokia To Slash 1,800 Jobs After Strong Third-Quarter Results Nokia reported stronger-than-expected profits for the third quarter and said it would cut up to 1,800 jobs under its new chief executive. The third-quarter underlying earnings per share for the world's largest handset maker plunged to €0.14 from €0.17 a year ago, but beat all forecasts — which ranged from €0.08 to €0.12 — in a Reuters poll of 36 analysts. The results were the first since Canadian Mr Stephen Elop took charge of the company on September 21 from Mr Olli-Pekka Kallasvuo, who presided over a halving in Nokia's market value during his four years in charge.
Source : 21-10-10 DNA Compiled by Amresh Anjan
ICICI Will Lay Off Some BoR Staff After Five Years ICICI Bank Ltd has issued contracts to some employees inducted from the erstwhile Bank of Rajasthan (BoR) that will end without any prior notice at the end of a five-year term regardless of the age of the employee. The BoR employees feel that this as a strategy to lay off excess staff after five years. Of the nearly 4,000 employees of BoR who are now with ICICI Bank, around 400 have been given such contracts, sources revealed.
Source : 20-10-10 livemint.comCompiled by Amresh Anjan
Successor Of Mr Bill Gates At Microsoft To Retire Soon The Microsoft Corp executive, Mr Ray Ozzie, who took over the role of chief software architect from Mr Bill Gates is to retire, following a tenure in which the Windows-maker lost ground to Google and Apple. Chief executive Mr Steve Ballmer said Mr Ray Ozzie would not be replaced, raising questions about the leadership and direction of the world's largest software company after a string of high-profile departures. Mr Ozzie, who spearheaded Microsoft's move towards providing software and computing power over the Internet - known as "cloud computing" - had achieved what he set out to do, one person close to the executive said, although others questioned whether he had had ever had much impact.
Source : 19-10-10 DNA Compiled by Amresh Anjan
If You Want To Stop Them, Entertain Them, Believes Infosys In a market where demand for techies is not falling in line with supply, Infosys Technologies is doing everything it can to woo them. During the time, when increments and promotions don't seem enough, Mr TV Mohandas Pai, human resource head of Infosys Technologies, has gone a step ahead to buy the loyalty of employees. He is engaging Infoscions by organising events, screening movies at the campus, and inviting references from staff for hirings. "We have done many things. We had 368 employee events last quarter (between July and September). Young people want more events... they want Nach Baliye... musicals and all that kind of stuff. This week, we showed a cinema on our campus. So, we are engaging with people at the level at which people want to engage," Mr Pai said. Senior executives like Mr Kris Gopalakrishnan and Mr Ashok Vemuri have also contributed a bit by personally meeting the employees and taking them out for lunch. The result of these initiatives has already started showing with the number of employees leaving the company slowly dipping over the last three months.
Source : 16-10-09 DNA Compiled by Amresh Anjan
Independent Directors To Get Less Pay, Perks… Independent directors serving on the boards of the nation's publicly listed companies are set to witness a steep decline in their perks, remuneration and fees. A wary government, still smarting under the alleged accounting fraud in Satyam Computer Services, is preparing a host of proposals to ensure the directors live up to their independent role. Under legislative proposals to amend corporate law, stock options will be ruled out for independent directors, who are likely to face a cap of Rs20,000 per meeting for each sitting in board meetings, according to government sources. Currently, there is no cap and some directors earn as much as R30 lakh per annum. The proposals are being prepared by the corporate affairs ministry, which is piloting the Companies Bill introduced in Parliament last year.
Source : 18-10-10 Hindustan Times Compiled by Amresh Anjan
93% Indian Workers Believe Being In Office Is No Longer Needed To Be Productive According to a global study by networking major Cisco, 60 per cent of workers believe being in the office is no longer needed to be productive. In fact, the desire to be mobile and flexible in accessing corporate information is so strong that the same percentage of workers said they would prefer jobs that were lower-paying but had leniency in accessing information from outside the office over higher salaried jobs that lacked flexibility.
Sundaram Mutual Names Mr Harsha Viji As Deputy MD Mr Harsha Viji, Executive Director (Strategy and Planning) of Sundaram Finance has been appointed as the Deputy Managing Director of Sundaram Mutual (known as Sundaram BNP Paribas Mutual till recently). His entry comes at the "crucial and exciting phase of the company" even as Sundaram Finance has become its full owner yet again following a buy-out of the stake held by BNP Paribas in the company. Sundaram Asset Management Company Managing Director Mr T. P. Raman said Mr Harsha Viji's experience in strategic planning and consulting would prove ``very useful in charting a new road map for Sundaram Mutual as it seeks to achieve newer heights."
Source : 21-10-10 The Hindu Business Line Compiled by Amresh Anjan
Accenture CEO Mr William Green Steps Down Accenture Chief Executive Mr William Green will step down in January and be replaced by Mr Pierre Nanterme, a veteran of the technology outsourcing and consulting firm. Mr Green, 57, will continue as chairman, the company said. Mr Nanterme, 51, runs Accenture's global financial services operating group and is based in Paris. Source : 21-10-10 Business Standard Compiled by Amresh Anjan
Only 10% Fresh Graduates And 25% MBA Passouts Are Employable According to a recent study by the Tata Institute of Social Sciences (Tiss), a majority of the students pursuing higher education like engineering, management, etc. are not industry-ready. In other words, our education system, including professional courses, is not making students employable. The survey also states that only 10% of fresh graduates are actually employable, while a study of MBA and engineering graduates reveals only 25% of them to be employable. The survey tried to find out the percentage of candidates who will be employable in service-oriented companies if they were directly put on projects without any in-house training. In case of the IT industry, for instance, the figure is 5.97%. "If the country has to maintain its competitive advantage, the educational institutions need to provide education that will impart job-relevant skills," the survey said.
Source : 20-10-10 DNA Compiled by Amresh Anjan
Cash-short Britain Slashes 490,000 Public Jobs To deal with the effects of its worst post-War recession, Britain was put on notice for up to half a million public sector redundancies as the government announced swinging spending cuts. Prime Minister Mr David Cameron and Deputy Prime Minister Mr Nick Clegg got into action to calm public nerves as Chancellor of the Exchequer (finance minister) Mr David Osborne announced the cuts. Around 490,000 public sector jobs are at risk, Mr Osborne told Parliament.
Source : 20-10-10 Hindustan Times Compiled by Amresh Anjan
Coromandel Hires Mr Kapil Mehan as MD Coromandel International has appointed Mr Kapil Mehan, a senior Tata Chemicals official, as its new MD. He has replaced Mr V Ravichandran, who has been elevated to the Murugappa Corporate Board as lead director for fertiliser and sugar businesses. The board had appointed Mr Kapil Mehan for a period of 5 years, effective October 19, 2010.
Source : 21-09-10 The Financial Express Compiled by Amresh Anjan
Deal With Union Saves JLR Plant Tata Motors-owned Jaguar Land Rover (JLR) has signed a new deal with its unions that will see pay rise for existing workers by around 5 per cent and also add another 1,500 workers over the next year, taking its total workforce to 17,500 by the end of next year. "This is a triumph for all concerned," said JLR Chief Executive Mr Ralf Speth. "The agreement is a great deal for our workers and the company, and we can now really get on with working together to achieve an even more exciting future for the Jaguar and Land Rover brands. This is truly the beginning of a new era for Jaguar Land Rover," he added.
Source : 16-10-10 Business Standard Compiled by Amresh Anjan
IMT Students Get 12.5% Hike In Salary Offers The Institute of Management Technology (IMT), Ghaziabad, has witnessed a 12.5 per cent increase in salary offers for the executive education batch this year at Rs 18 lakh from Rs 16 lakh offered last year. The highest offer was made by HCL Technologies. In fact, 30 per cent of offers were made by information technology (IT) companies, followed by pharmaceutical firms and banks — each at 20 per cent. Other companies that have offered placements this year include Dr Reddy's, ICICI Bank, Dhanlaxmi Bank, Kotak Mahindra Bank, Deloitte and HDFC Bank.
Source : 18-10-10 Business Standard Compiled by Amresh Anjan
Mr Vineet Nayar Elevated As HCL Tech V-C Software billionaire Mr Shiv Nadar promoted CEO Mr Vineet Nayar of HCL Technologies as the company's vice-chairman as the group's flagship reported a 3.1 per cent year-on-year rise in its net profit at Rs 331 crore for the July-September first quarter. Mr Nayar, who takes charge from November 1, will continue to be the CEO and whole-time director in the company.
Source : 20-10-09 Hindustan Times Compiled by Amresh Anjan
Capgemini Gets New HR Head Consulting, technology and outsourcing provider, Capgemini appointed Mr Rajesh Padmanabhan as the head of human resources (HR) for India. Prior to this, he was the executive vice-president and global head of HR for Patni Computer Services. He had also worked with the Oberoi Group, Essel Propack and with 3i Infotech.
Source : 20-10-10 Business Standard Compiled by Amresh Anjan
New Director Appointed On NLC Board Mr V. Murali, the Central Council Member of the Institute of Chartered Accountants of India, has been named as a Director on the board of Neyveli Lignite Corporation (NLC) for three years with effect from September 30. Mr. Murali, a practising Chartered Accountant in Chennai, is also a director on the boards of State Bank of Hyderabad and MSE Financial Services, according to a release.
Source : 20-10-10 The Hindu Compiled by Amresh Anjan
Mr Dheeraj Hinduja To Be Named As Ashok Leyland Chairman Mr Dheeraj Hinduja, son of Mr Gopichand Hinduja, will take over as the chairman of India's second largest truck maker Ashok Leyland Ltd or ALL, according to a source. He will replace the current chairman Mr R. J. Shahaney who has been with the company for more than two decades.
Source : 19-10-10 livemint.comCompiled by Amresh Anjan
Indians Lead In Job Hopping According to a report by Ma Foi Randstad, a leading global hiring agency, India has witnessed the maximum number of job switchovers in the last six months, making it the most mobile global job market. As per the survey, which was conducted among 35,400 employees across 26 countries, India has the highest mobility index of 141. This means that more employees from India switch jobs as compared to their global counterparts. "This is corroborated by the findings of the factual job changes in the past six months, where again the scores are the highest in India followed by China. Also, a significant proportion of employees in India, China and Mexico are confident of finding another job," the survey report revealed.
Source : 13-10-10 indiatoday.inCompiled by Amresh Anjan
EPFO To Check Books Of Construction Cos' For Payment Lapses The Employees' Provident Fund Organisation has decided to identify and inspect the books of accounts of all building and construction companies that are covered by it after the alleged provident fund scam at the Hiranandani Group. The EPFO has directed all field offices to regularly inspect the books of accounts and balance sheets of such establishments and carefully scrutinise them for any lapses or defaulted payments in an internal notification. The EPFO is empowered under Section 7A of The Employees' Provident Fund and Miscellaneous Provisions Act, 1952, to inspect the books of accounts and determine if any money is due from employers and conduct an inquiry into it.
Source : 14-10-10 Indian Express Compiled by Amresh Anjan
Maruti Finds New Problem Solver, Its Employees Faced with an unprecedented demand for its cars and a lack of ability to produce them at its plants Maruti Suzuki India Ltd, has found a unique problem solver—its 7,500 employees. The company's annual exercise to improve performance has seen a spurt in recommendations from workers this year, with over 60,000 already logged. These are quality suggestions, and each would be implemented within this financial year, the company has said. "We have observed that each year the cost saving arising out of these suggestions have gone up," according to a company spokesperson. "What is even more heartening is that most of the suggestions come from ordinary shop-floor workers. Not only is this beneficial for the company, it also lends a sense of pride and significance to the employees as it shows that their voice is not only heard but is important for the company's progress."
Source : 10-10-10 Hindustan Times Compiled by Amresh Anjan
IT Cos Plan To Appoint Non-Techies For Managing Infrastructure IT companies who are into remote infrastructure management services (RIM) have opened their gates for non-techies. Firms in the sector, especially mid-tier ones, are talking of hiring science graduates, diploma holders, BCom and even Arts graduates in the coming months. Companies in the sector remotely examine and manage an enterprise's IT infrastructure like desktops, laptops, notebooks, servers, network devices, storage devices , and security devices.
Source : 12-10-10 yahoo.comCompiled by Amresh Anjan
LIC Staff To Get Only 17.5% Salary Hike Employees of Life Insurance Corporation (LIC) have had to settle for a 17.5 per cent salary hike, in line with what was offered to bank employees under the agreement signed with the Indian Banks' Association. This is less than expectations as the unions had expected the increase to be of the order of 23 per cent.
Source : 14-10-10 sify.comCompiled by Amresh Anjan
Merger Leads To Confusion Among National Carrier's Staff After the merger of Air India, Indian Airline and Air India Express into National Aviation Company International Limited (NACIL), there has been a never-ending confusion among the employees of the country's national carrier about their roles. The three airlines, which were merged in 2007 but continued their operations as separate entities, have been forced to function as a single entity again due to lack of cockpit crew and expiry of aircraft lease. Since last week, Air India (AI) has been operating four flights which were earlier operated by Indian Airline and Air India Express (AIE). After the merger of the three airlines, their role was clearly defined. While AI operated on international sectors, AIE was supposed operate as a low-cost airline to international destinations in the Middle-East. Indian Airline was to operate on domestic routes and destinations in neighbouring countries like Shanghai, Kathmandu and Kabul. Source : 15-10-10 DNA Compiled by Amresh Anjan
Lloyds To Cut 4,500 IT Jobs Banking giant Lloyds is slashing 4,500 staff and transferring hundreds of jobs to India, the bank said. According to the bank, 1,600 permanent IT jobs and 1,150 contract jobs would be axed in the UK. The remaining 1,750 job cuts are in India which had been earlier transferred from the UK.
IPO Effect: CIL Unions Cancel Strike Plans Trade unions in Coal India announced that they have cancelled a proposed one-week strike from October 18. The union was planning to strike work to oppose the planned divestment of the government's stake in the public sector unit, in view of the festive season. The unions, barring Indian National Trade Union Congress, had warned that CIL employees would go on a week-long strike, the day the mega public offer will be launched.
Source : 11-10-10 Hindustan Times Compiled by Amresh Anjan
US Jobless Claims Rise Again Applications in the US for jobless benefits increased last week for the first time in three weeks. This reflects that companies are reluctant to hire in a slow economy. Initial claims for unemployment aid rose by 13, 000 to a seasonally adjusted 462, 000. Source : 15-10-10 Hindustan Times Compiled by Amresh Anjan
Citigroup Sued For Gender Discrimination Citigroup was sued for gender discrimination by six of its existing and former female employees who alleged the company paid its women employees less than their male counterparts. As per the lawsuit filed in the US District Court in Manhattan, the financial services conglomerate is more likely to lay off well-qualified women and retain less qualified men.
Source : 15-10-10 Hindustan Times Compiled by Amresh Anjan
SEBI To Appoint 90 Senior Execs The Securities and Exchange Board of India (SEBI) has invited applications for 90 senior level executives. The market regulator plans to hire legal experts, researchers and other officials for general administration.
Source : 12-10-10 Hindustan Times Compiled by Amresh Anjan
Computer Knowledge A Must For Candidates, Says SC Supreme Court said that a candidate can be denied employment for failing to possess computer knowledge. The SC dismissed a civil judge aspirant's plea defying the decision of Uttrakhand government that had rejected him after he failed to display computer skills. "We're of the opinion that requirement of having basic knowledge of computer operation shouldn't be diluted," it said.
Source : 15-10-10 Hindustan Times Compiled by Amresh Anjan
Truce At ArcelorMittal's Algeria Plant Workers at ArcelorMittal's Algerian plant got back to work after a strike over pay, a union source said. ArcelorMittal employs 7,200 people at the plant in the town of Annaba in eastern Algeria. "We are negotiating with the management over a pay rise," a union member at the plant said.
Source : 10-10-10 DNA Compiled by Amresh Anjan
Mr Mills Named As New CEO Of SpiceJet SpiceJet has announced the appointment of Mr Neil Raymond Mills as the CEO. He has joined SpiceJet from another low-cost carrier, the Dubai-based Flydubai, where he was the Chief Financial officer. "Most recently, Neil was the part of the start up team for Flydubai and saw the airline grow from a planning stage to nine operating aircraft in 18 months," according to the company.
Source : 13-10-10 Business Standard Compiled by Amresh Anjan
Mr R Shankar Is Ramco's Executive VP Enterprise software and services provider Ramco Systems named Mr R Shankar as executive vice-president heading the India, Middle East and African operations of the company. Before this, Mr Shankar was heading West Asia and African operations of the company, the company said.
Source : 13-10-10 Business Standard Compiled by Amresh Anjan
Shriram Equipment Finances Appoints CEO Shriram Equipment Finance Company Ltd announced the appointment of Mr pratap Paode as Chief Executive Officer. He was previously with Magma Fincorp as Senior Vice-President, handling construction equipment, commercial vehicle, car and SME business loan finance.
Source : 11-10-10 Business Standard Compiled by Amresh Anjan
Patni's China Centre To Add 500 Employees Patni Computer Systems announced the opening of a new ITO delivery (development and support) center in Suzhou, China. The facility with a planned capacity of 500 seats, is the IT and BPO services-provider's first centre in China, and will cater to Japanese, American, European and local multinational corporations.
Source : 12-10-10 Hindustan Times Compiled by Amresh Anjan
Mr Suresh Gurumani Can Carry On His Work As SKS Director: Court In a major reprieve for sacked managing director & chief executive officer of SKS Microfinance, Mr Suresh Gurumani, the Andhra Pradesh High Court ruled that he could continue as a director of the company. The court admitted a petition against Mr Gurumani's firing filed by SKS shareholder Mr S Lekha and set hearings for a later date. Justice G Bhavani Prasad said Gurumani could be removed only with the approval of shareholders and asked the company to reply within three weeks.
Source : 09-10-10 Business Standard Compiled by Amresh Anjan
IIM Ahmedabad Confluence 2010 During IIM Ahmedabad's golden jubilee celebrations, Confluence 2010, the premier management institute's biggest business conclave, is conducting a strategic simulation workshop for middle level managers slated for general management and leadership roles in their organizations. The workshop is on the 26, 27 and 28 of November, and is focused on cross-functional integration of decision making skills. It will be anchored by Prof. Chetan Soman, IIM A, and other IIM faculty and alumni, and will provide a real life feel of integrated management by combining the soft skills of leadership, people management and communication, with the hard skills of planning, forecasting, marketing, finance, and operations. For more details on the programme please visit http://www.iimaconfluence.com/downloads/IIMA_SSW.pdf
Source : 15-10-10 naukri.comCompiled by Amresh Anjan
IT Sector Witnesses The Highest Ever Job Index In September, Says Naukri JobSpeak
A stable Naukri Job Speak index for the past four months demonstrates a steady hiring scenario and business sentiment in the country. Although, the index for Sep-10 inched down marginally by 1.2% from 956 in Aug-10 to 943 in Sep-10, the three month moving average index indicates steady recruitment levels. On a year-on-year comparison the job index moved up by 22% in Sep-10 as compared to the same time over a year ago. An in-depth analysis of the index shows that the IT sector has significantly ramped up recruitment activities with the job index steadily moving in a positive direction for the past three months. In Sept-10 the index is at its highest ever and stands at 1047. In contrast, most of the other core industry sectors Auto, Construction, Oil & Gas and Banking registered a dip in their indices within the range of 2% and 5%. The Insurance sector, in particular, witnessed steep monthly declines of 29% and 15% in Sept-10 when compared with Aug-10.
Source : 08-10-10 naukri.comCompiled by Amresh Anjan
Satyam Comes Up With New HR Strategies To Retain Employees
To dispel fears of another round of resignations, Mahindra Satyam is spreading the word that everything is fine with the company. With an attrition level of 40% in the last two years, it has been struggling to retain its employees across all levels. The headcount has dropped from 45,000 in FY09 to 27,000 in FY10, reflecting the severe ramp-down mode that the company was in through FY10. The joint go-to-market strategies involving Tech Mahindra and Mahindra Satyam in the near term are adding to apprehensions that the company may shed excess flab. To curb attrition, the company has initiated a few recruitment programmes, planned significant campus hiring and also started a buddy-referral programme. "We have hired about 3,000 people, mostly at the entry level. They have almost finished their training and we have plans to hire more,'' chief marketing officer Mr Hari said. It has also created specialist positions and career tracks, which give independent identities to employees.
Source : 04-10-10 The Financial Express Compiled by Amresh Anjan
IAF Runs Short Of Pilots
The Indian Air Force said it was short of around 600 pilots and over 5,000 workers below officer rank while maintaining that various steps were being taken to fill up the manpower gaps. "We are short of about 550 to 600 pilots," IAF's Air Officer Personnel (AOP) Air Marshal K J Mathews said. The officer said since 2009, the attrition rate of pilots in the force has been positive and the number of pilots joining the force was higher than the number of officers quitting it.
Work-From-Home Option To Attract More Females From Smaller Cities Into ITeS
The concept of telecommuting that allows women to work- from-home at flexible timings without physically commuting to office would bring more women into IT/BPO industry, according to IT and BPO firm heads that have forayed into non-metro locations employing a notable degree of women workers in their firms. Telecommuting is not just a boon to women reserved about nightshift in 'tabooed' non-metro cities, but also extends to newly married and young mothers who are raring to make a comeback into their career that they quit after marriage. Mr R Venugopal, general manager, centre-head, Coimbatore, German-based Robert Bosch Engineering and Solutions, said: "We are operate in a niche automobile engineering area. We have about 2,200 women in Coimbatore. When women started to quit following marriage and childbirth we learned that even a career of high-end engineering research too would go for toss as working women in India after marriage relocate to their husband's place. We can't afford women with deep engineering expertise to be idle. Processed like telecommuting coupled with flexi-working would greatly help in leveraging the oriented talent from women folk who had summarily taken a sabbatical for child upbringing and homemaking."
Source : 04-10-10 The Financial Express Compiled by Amresh Anjan
Govt To Take A Decision On Variable Pay For Bank Employees Soon
The government may decide on implementing the Khandelwal committee report on human resources (HR) issues in public sector banks (PSBs). It recently formed a panel of bankers and government officials to scrutinize the report. Some suggestions of the report on aspects like recruitment and training of employees could be implemented over the next one month, said Mr K V Eapen, Joint Secretary Department of Financial Services, Government of India. The committee had proposed sweeping changes in the functioning of PSBs, particularly in recruitment and compensation. Mr Eapen said, while matching salaries of PSB employees with their counterparts in the private sector might not be feasible, the issue of compensation of senior bankers was being discussed.
Source : 08-10-10 Business Standard Compiled by Amresh Anjan
IT Entrepreneur Funds His Former Staff Start-Ups
Mr Sudhir Sarma, an IT industry veteran, is now incubating and mentoring companies started by his ex employees. He founded network integration company Network Solutions in 1993 and sold a part of the business to Intel in 2001 and then fully to IBM in 2005. He has put together a corpus of about $3 million to support start-ups. This corpus may be increased with external investment from other funds and private investors in the future. His holding company Future IP has already incubated four firms, many of whose employees and top management all come from Network Solutions – JaMocha Technologies, Serviceberry Technologies, Eco Positive Solutions and Intrago Corporation.
Source : 07-10-10 The Financial Express Compiled by Amresh Anjan
Suspended AI Staff To Get Their Jobs Back
Four months after 32 Air India employees were suspended for their role in a two-day strike in May, the government said that it has decided to withdraw all suspensions. The assurance was given by civil aviation minister Mr Praful Patel to CPI(M) leader Mr Sitaram Yechury and senior CPI leader and All India Trade Union Congress (AITUC) General Secretary Mr Gurudas Dasgupta.
Source : 06-10-10 The Indian Express Compiled by Amresh Anjan
Mr Virad Kaul Appointed As Zee Turner's New CEO
Zee Turner, a joint venture channel distribution company of Essel Group and Turner International, appointed Mr Virad Kaul as its chief executive officer. Before this, he was chief operating officer, Idea Cellular for the last four years and was holding additional charge of the Delhi and Haryana circle for the last few months.
Source : 06-10-10 Business Standard Compiled by Amresh Anjan
India Inc To Hire New Staff
According to a survey by workplace solutions provider Regus, while companies globally are on a hiring spree on the back of an economic rebound, Indian companies seem to have outperformed them by adding more staff. The survey reveals, as businesses across the globe are planning to hire new staff, it is an indicator that the mindset of organizations has shifted towards investment in growth through human capital.
Source : 06-10-10 Business Standard Compiled by Amresh Anjan
NHAI To Name 13 More CGMs
National Highways Authority of India (NHAI) is planning to strengthen the organisation by hiring 13 more chief general managers (CGMs). "To achieve the targets set by us, we need more people at the senior level. We have decided to appoint 13 CGMs, who are the seniormost after the board members," said a senior NHAI official. At present, NHAI has 11 CGMs and the appointment of 13 new ones will be announced soon by a selection committee headed by Road Secretary Mr R S Gujral. Of the 13 new CGMs, nine will be responsible for heading technical operations and one each will be for safety, contract management, legal and planning and quality.
Source : 04-10-10 Business Standard Compiled by Amresh Anjan
Nokia's New CEO To Replace Mr Anssi Vanjoki As Key Unit Head
Nokia Oyj's new chief executive Mr Stephen Elop will take over the duties of Anssi Vanjoki, head of its key Mobile Solutions unit, the company said. Mr Vanjoki, who joined Nokia in 1991 and has been head of Mobile Solutions since 2008, resigned last month after the company's board picked outsider Mr Elop over him to lead the Finnish handset maker. Mr Elop will run the unit which combines smartphones and services until the new chief for the unit is appointed, according to a company official.
Source : 08-10-10 DNA Compiled by Amresh Anjan
Mr R Shankar Is Ramco's Exec VP For India
Enterprise software and services provider Ramco Systems announced the appointment of Mr R Shankar as executive vice preseindet heading the India, west Asia and African operations of the company. Prior to this, he was heading the West Asian and African operations of the company.
Source : 08-10-10 Business Standard Compiled by Amresh Anjan
Aurobindo Gets CEO For API, CRAMS Biz
Drug maker, Aurobindo Pharma named Mr N Govindarajan as the chief executive officer for its active Pharmaceutical ingredients (APIs) operations as well as contract research and manufacturing services (CRAMS) with immediate effect. Before this, he served as the MD and CEO of Mr Shasun Pharmaceuticals and had been instrumental in Shasun expanding its horizons beyond India.
Source : 08-10-10 Business Standard Compiled by Amresh Anjan
Skype To Appoint Cisco's Mr Bates As CEO
Skype Technologies, the largest provider of international calling, will appoint Cisco Systems executive Mr Tony Bates as chief executive officer, according to three people familiar with the matter. Mr Bates is Senior Vice President and General Manager of Cisco's service provider group.
Source : 08-10-10 Business Standard Compiled by Amresh Anjan
JP Morgan Names Head Of Financial Institutions Group
JP Morgan appointed Mr Chetan Singh as the head of financial institutions group for India. He would also be a senior M&A banker, JP Morgan said in a statement. Mr Singh was previously a part of Citigroup's European FIG investment banking team based in London, which handles insurance, banks and specialty finance companies.
Source : 07-10-10 Business Standard Compiled by Amresh Anjan
Yamaha Gets A New Head For India Operations
Mr H. Suzuki has been named as CEO and Managing Director of India at Yamaha Motor Pvt. Ltd. (IYM). On November 1, he will replace Mr Yukimine Tsuji, who is going back to Yamaha Motor Corporation after working in India for three-and-a-half years.
Source : 06-10-10 The Hindu Compiled by Amresh Anjan
Birla Wellness appoints Mr N Venkat As MD & CEO
Birla Wellness and Healthcare Pvt. Ltd., part of the diversified Rs.3,000-crore Yash Birla Empire, appointed Mr N. Venkat as its new Chief Executive Officer and Managing Director.
Source : 06-10-10 The Hindu Compiled by Amresh Anjan
Aviva Names New Associate Director-Marketing
Aviva Life Insurance announced the appointment of Mr Gaurav Rajput as Associate Director-Marketing. Mr. Rajput will report to Aviva Life Insurance's Managing Director & CEO Mr T. R. Ramachandran, according to a company release.
Source : 07-10-10 The Hindu Compiled by Amresh Anjan
Job Market In US Thaws Ahead Of Sept Data
Applications for US unemployment benefits unexpectedly plunged last week to the lowest level in three months, suggesting that the labor market may be thawing. Jobless claims declined by 11,000 to 445,000 in the week ended October 2, the fewest since July 10, Labor Department figures revealed.
SKS Microfinance has terminated the appointment of Mr Suresh Gurumani as managing director and chief executive officer of the company. In turn, the company has appointed Mr M R Rao, deputy CEO, as managing director & CEO for a period of three years with immediate effect. The company did not give any reasons for termination.
Source : 05-10-10 The Financial Express Compiled by Amresh Anjan
Salaries Of US Women Managers Less Than Male Counterparts According to a latest government report, women managers in the United States are paid 81 cents for every dollar earned by male managers. The 19-cent wage gap marks a slight narrowing from a study seven years earlier that showed women managers making 79 cents to each man's dollar, the report by the US government accountability office said. The study compared US census bureau data from 2000 to 2007.
Source : 28-09-10 DNA Compiled by Amresh Anjan
Govt To Examine Jobs Created For SC/ST By India Inc Corporate India has been asked by the government to file quarterly report on number of jobs they have created for SCs, STs and other weaker sections, even as industry expressed its inability to reserve jobs for them. Previously, India Inc was required to file such reports annually. Reserving jobs in private sector or affirmative action was part of the national Common Minimum Programme of UPA-I. Currently, the law provides for reservation for Scheduled Castes and Scheduled Tribes, among others, in government and public sector jobs, besides quota in education.
Source : 27-09-10 Indian Express Compiled by Amresh Anjan
Tamil Nadu Youth Ask For Job Opportunities Thousands of youth of the Democratic Youth Federation of India (DYFI) staged a protest rally to raise their voice against lack of employment opportunities. Mr Thabas Sinha, All India General Secretary of Democratic Youth Federation of India (DYFI), said the focus of the rally is to generate awareness for creating employment opportunity for the youth. "In today's situation that says jobs for all and education for all, we are facing unemployment situation. The UPA Government violated the commitment made to the common man. So the main focus of the rally throughout the country and Tamil Nadu is strengthening employment opportunity and education for all and strengthening our movement." added Mr Sinha. He also said: "There are around one million Central Government vacancies. So we demand to meet the Prime Minister, and the State and the Central Government should take immediate steps to fulfill the vacancies."
Source : 28-09-10 sify.comCompiled by Amresh Anjan
Pre-Crisis Jobs Level Only By 2015: ILO Reports The International Labour Organization (ILO) said that global employment will not recover to pre-crisis levels until 2015 if current policies are pursued. The United Nations work agency said it was putting back by two years from 2013 its previous assessment of the time needed to create the 22 million jobs still needed to regain the pre-crisis level—14 million in rich countries and 8 million in developing states. The global economy has started to grow again with positive signs of employment recovery especially in some Asian and Latin American emerging economies, according to ILO.
Source : 01-10-10 livemint.comCompiled by Amresh Anjan
PM Reviews Jobs Plan For Jammu And Kashmir Prime Minister Mr Manmohan Singh has assessed the progress of plans to increase jobs in Jammu and Kashmir and asked an expert panel to ensure that employment opportunities were sustainable. According to a press release, the prime minister met the expert group, chaired by former Reserve Bank of India governor Mr C. Rangarajan, and was apprised about the progress of the plans. The expert group has come up with a number of short and long-term measures for increasing employment opportunities and improving employability prospects in the state.
Source : 26-09-10 sify.comCompiled by Amresh Anjan
Employees Of NLC To Go On Indefinite Strike About 12, 000 permanent employees of Neyveli Lignite Corporation (NLC) will go on an indefinite strike to support 13, 000 agitating contract workmen. Sources revealed that the anti-labour attitude of NLC chairman Mr A R Ansari is the reason for the failure of five rounds of tripartite talks convened by the labour commissioner, management and unions.
Source : 30-09-10 The Financial Express Compiled by Amresh Anjan
Walmart Creates 800, 000 New Jobs US-based retailer Walmart Stores announced that it will add 800, 000 new jobs in the next five years across the world, including India. The company that presently employs 22 lakh people around the world is planning to recruit more as it expands its operations. "Walmart currently employs 2.2 million people and we anticipate it to go up to 3 million in the next five years. Most of the new jobs will be outside the US," Walmart executive vice-president global people division (human resource) said.
Source : 01-10-10 Business Standard Compiled by Amresh Anjan
US Jobless Claims Decline Applications for US unemployment benefits declined last week, an indication that companies are cutting back on layoffs even as economic growth slows. Initial jobless claims decreased by 16, 000 to 453, 000 in the week ended September 25, lesser than the median forecast of economists surveyed by Bloomberg News, Labor Department figures revealed.
Source : 01-10-10 Business Standard Compiled by Amresh Anjan
German Unemployment Drops In September German Unemployment declined for a 15th month in September as carmakers and other manufacturers increased hiring activity in order to meet export-led demand. The number of people out of work declined a seasonally adjusted 40, 000 to 3.15 million, according to the Nurember-based Federal Labor Agency. Companies such as Daimler and Volkswagen are adding jobs to their portfolio as they harness faster economic growth in countries such as China and Brazil.
Source : 01-10-10 The Financial Express Compiled by Amresh Anjan
Aegon Closes More UK Ops, Cuts Jobs Dutch insurer, Aegon will close two additional British operations and cut more jobs to improve profitability in its fourth-largest market. Aegon, which broadly outlined its British restructuring plan in June to cut costs by 25 percent at the end of 2011, said that it would close third-party pension administration and employee benefits software business. Source : 29-09-10 Hindustan Times Compiled by Amresh Anjan
Royal Bank Of Scotland Axes Jobs Britain's state-rescued Royal Bank of Scotland has slashed another 500 jobs, mostly at its investment banking division. "In response to changing market conditions, we have made efficiencies across our business to ensure that we have the right people and resources in place to meet our client needs," the bank said.
Source : 29-09-10 Hindustan Times Compiled by Amresh Anjan
Tamilnad Mercantile Gets New Chief Tuticorin-based Tamilnad Mercantile Bank has named Mr AK Jagannathan as MD & CEO. Prior to this, Mr Jagannathan was managing director of State Bank of Travancore and worked for 35 years in the banking sector. He started his career as probationary officer in State Bank of Mysore in 1974 and was deputed to subsidiaries of State Bank of India looking after operations, credit, and commercial and international banking in various capacities, the bank said.
Source : 01-10-10 The Financial Express Compiled by Amresh Anjan
Elder Healthcare Re-appoints Its MD Elder Healthcare has reappointed Mr Anuj Saxena as managing director for a further five years with effect from December 30, 2010. Besides that, the company has reappointed Mr J Saxena and Mr Joginder S Juneja as directors and also appointed Mr BL gupta and Ms Urvashi Saxena as directors.
Source : 01-10-10 The Financial Express Compiled by Amresh Anjan
Deals And You Names Ms Shilpa Taneja As Marketing Head Deals And You has named Ms Shilpa Taneja as marketing lead with immediate effect. Ms Shilpa shall report to Mr Guneet Singh, director and co-founder – Deals And You. Prior to the appointment, she was working with Microsoft India as the marketing manager.
Source : 01-10-10 The Financial Express Compiled by Amresh Anjan
FICCI Appoints New Director General Mr Rajiv Kumar has been named as the director general of the Federation of Indian Chambers of Commerce and Industry (FICCI). He was earlier the director of Indian Council for Research in International Economic Relations.
Source : 30-09-10 Mint Compiled by Amresh Anjan
Indian Oil Appoints Mr RS Butola As Its Head ONGC Videsh Ltd's managing director Mr RS Butola has been appointed as head Indian Oil Corp Ltd, the nation's largest refining and fuel marketing firm. The Public Enterprise Selection Board (PSEB) interviewed six candidates and named Mr Butola as its No 1 choice.
Source : 29-09-10 Mint Compiled by Amresh Anjan
Mr Bhattacharya Appointed As CMD Of Indian Bank Mr Anup Sankar Bhattacharya, Executive Director of Indian Bank, has been appointed as its Chairman and Managing Director from September 30. Having worked in several capacities in West Bengal, Jharkhand and Delhi, Secretary to Board, Executive Secretary to CMD, he rose to the position of General Manager in the bank's Head Office.
Source : 30-09-10 The Hindu Compiled by Amresh Anjan
Mr Chakrabarti Promoted As Axis Bank's Deputy MD Axis Bank announced the promotion of its Executive Director Mr S. K. Chakrabarti to Deputy Managing Director of the bank with effect from September 27.
Source : 30-09-10 The Hindu Compiled by Amresh Anjan
Kingfisher Airlines Names Mr Sanjay Aggarwal As Its CEO Private air-carrier Kingfisher Airlines announced the appointment of Mr Sanjay Aggarwal as its CEO. The appointment is with immediate effect. Mr Aggarwal is the former CEO of SpiceJet, another private air-carrier.
Source : 20-09-10 DNA Compiled by Amresh Anjan
HSBC Investors Back Appointment Of Mr Stuart Gulliver Investors at HSBC Holdings Plc welcomed plans to appoint Mr Stuart Gulliver as chief executive officer following Mr Michael Geoghegan's resignation. Mr Gulliver will become CEO when Mr Geoghegan, 56, leaves at year-end, a person briefed on the matter said.
Source : 25-09-10 Business Standard Compiled by Amresh Anjan
