India Is Net Job Creator For US Cos: Mr Som Mittal National Association of Software and Service Companies chief, Mr Som Mittal said that India is a net job creator for US companies, not the other way around, strongly refuting the public perception in Washington that outsourcing and free trade agreements are responsible for America's current economic woes. The US has emerged as a preferred destination for Indian investment. In fact, India now ranks second, behind the UAE, in the list of fastest-growing foreign investors in the US, he said in his article. Observing that India has never looked for publicity for its commercial connections to the US, Mr Mittal said India it has quietly become both a major investor in America and a prominent destination for American goods and services.
Source : 31-12-10 rediff.com Compiled by Amresh Anjan
Planning To Take Sick Leave? Be Ready To Be Called 'Skiver' By Colleagues! You must have been really ill to have taken an off from work, but you should know that 50% of your colleagues probably feel that you are a skiver. Nine out of 10 of your colleagues will be more worried about having to do your work in your absence than feeling any sympathy. And only 8% will be a little worried about you. A quarter of those surveyed said they were the only people who were nice to them when they were poorly, revealed the survey conducted by nasal decongestant Otrivine. "It makes no sense to bring germs into the office so people sensibly stay at home when their sniffing, sneezing and coughing gets the better of them," according to a spokesperson. "Unfortunately, while rationally we understand that this is the right thing to do, emotionally we often think our sick colleagues are 'putting it on'. Of course, when we ourselves are sick, we expect everyone to believe us," he added.
Source : 30-12-10 DNA Compiled by Amresh Anjan
US Jobseekers Head Downwards To Take Their Careers Upwards Facing a job crisis at home, more US citizens are moving to Australia where nearly 7,000 Americans are presently working on long-term visas, an 80 per cent jump over the past five years. US citizens are now the third-largest group applying for work visas, after British and Indian nationals, according to the Wall Street Journal, quoting Australian government data. Near-10 per cent unemployment at home drives more Americans to look for jobs Down Under, where China's thirst for iron ore and energy is transforming the Pacific nation into an economic powerhouse, the report revealed. Americans who have degrees in areas such as accounting or mining engineering as well as other skilled workers can obtain a non-renewable permit for as much as a three-year stay. Then, they can apply for the renewable 457 work visa, which grants up to a four-year stay. The number of US students in Australian universities has also jumped nearly 10 per cent in the past two years, according to the Australian Department of Immigration.
Source : 28-12-10 Hindustan Times Compiled by Amresh Anjan
Companies Growing In The US But Hiring In Overseas Corporate profits are climbing up. Stock prices are also zooming. So why isn't anyone hiring? Actually, many American companies are hiring. But only in overseas, where sales are surging and the pipeline of orders is fat. More than half of the 15,000 people that Caterpillar Inc has hired this year were outside the country. UPS is also hiring at a faster clip overseas. For both companies, sales in international markets are growing at least twice as fast as within the country. "There's a huge difference between what is good for US companies versus what is good for the American economy. Many of the products being made overseas aren't coming back to the US. Demand has grown dramatically this year in emerging markets such as India, China and Brazil. Meanwhile, consumer demand in the US has been subdued. Companies will go where there are fast-growing markets and big profits," said Mr Jeffrey Sachs, globalisation expert and economist at Columbia University.
Source : 29-12-10 Hindustan Times Compiled by Amresh Anjan
4 Cabin Crew Members Of Jet Detained At Heathrow Four cabin crew members of Jet Airways were detained by Customs authorities at the London's Heathrow airport earlier this month on charges of carrying cigarettes more than are allowed. Following the incident, the concerned crew members were taken off flying duty. According to sources, the airline has launched an inquiry into the incident. As per the British customs rules, an air traveler is allowed to carry a maximum of 200 sticks of cigarettes. Source : 28-12-10 Business Standard Compiled by Amresh Anjan
BMW India To Create 1,200 Jobs Luxury carmaker, BMW is planning to create 1200 jobs in India by 2011, by developing dealer and services network outlets. "BMW India would employ around 400 people by the end of 2010. Upto 1,200 jobs will be created in the dealer and service network in 2011," the company said. The same will be done by developing international standard service stations across the country. The company is mainly eyeing metropolitan cities.
Source : 30-12-10 money.oneindia.in Compiled by Amresh Anjan
Accor To Create 3000 Jobs In India To fill the vacancies that will arise due to opening of new hotel in the country, Global hospitality firm Accor has already planned to appoint 3,000 people from India. At present, Accor employs around 2000 people through 8 hotels that fell under brands like Novotel, Ibis and Mercure and two convention centres. "By the end of 2011, we will employ a total of 5,000 people at Accor operated properties across India," Accor Hotels India, Regional Director of Human Resources Mr Ashwin A Shirali said. It is planning to provide 30% jobs at the entry level.
Source : 29-12-10 money.oneindia.com Compiled by Amresh Anjan
Idea Cellular's Managing Director To Quit Before Term Idea Cellular said its managing director would step down from his post ahead of his scheduled retirement. Mr Sanjeev Aga will retire effective April 1, 2011, but will continue as director on the company's board, the company said in a statement to the stock exchange. His departure comes at a time of turmoil in the telecom sector.
Source : 28-12-10 DNA Compiled by Amresh Anjan
Mr Pratip Chaudhuri Likely To Head SBI State Bank of India Deputy Managing Director Mr Pratip Chaudhuri is expected to replace incumbent Chairman Mr O P Bhatt when he retires in March 2011 after completing his five-year term. The finance ministry has approved the appointment of Mr Chaudhuri for the top job at the country's largest bank. The selection is now subject to approval by the appointments committee of the Cabinet and the Prime Minister.
Source : 29-12-10 Business Standard Compiled by Amresh Anjan
Volkswagen's CEO To Continue His Job Until 2016 Volkswagen chief executive Mr Martin Winterkorn will continue working with the German carmaker for an additional five years, after the company extended his contract. The decision by Volkswagen's supervisory board to extend his contract to 2016 was unanimous, the company said. Mr Winterkorn, whose current contract expires on Dec 31, 2011, was appointed CEO of Volkswagen on Jan 1, 2007.
Source : 31-12-10 DNA Compiled by Amresh Anjan
Former IOC Chief To Become A Part Of Jet Board Former chairman of Indian Oil Corporation (IOC) Mr Sarthak Behuria would be named as an independent director on the board of directors of Jet Airways. He completed a five-year term as the head of IOC in February-end. The Jet Airways board of directors is chaired by the airline's founder chairman, Mr Naresh Goyal. Others include Mr Anil Ghandour, Mr Cictoriano P Dungca, Mr Javed Akhtar, Mr I M Kadri, Mr Aman Mehta, Mr Yash Chopra and Mr Saroj K Datta as executive director. Informed sources said, "The Centre had granted security clearance for Mr Behuria's appointment. The Ministry of Petroleum and Natural Gas, too, had given its go-ahead. Only the Civil Aviation ministry's approval is awaited for his appointment."
Source : 28-12-10 Business Standard Compiled by Amresh Anjan
HMV Names New Group Finance Director HMV Group, the UK music and DVD retailer that owns Waterstone's bookstores, named Mr David Wolffe as group finance director as it forays into live music to boost sales. Mr Wolffe will join the company, based at Maidenhead, west of London, on January 10, as per a statement distributed by the Regulatory News Service.
Source : 30-12-10 Business Standard Compiled by Amresh Anjan
Modern Bank Appoints Mr Damian Kozlowski As CEO Modern Bank, a lender to the wealthy, appointed Citigroup veteran Mr Damian Kozlowski to lead a turnaround after almost $30 million of losses in five years. Mr Kozlowski, who ran Citigroup's private bank from June 2005 through April 2007, said he joined the New-York based bank as chief-executive officer on November 8.
Source : 28-12-10 Business Standard Compiled by Amresh Anjan
BPOs Now Offer To Bankroll Staff Education Pursuits To Curb Attrition Thrice in a week, Ms Naina Patel rushes from her office at Malad, in suburban Mumbai, to Bandra for her classes. The BPO employee is currently pursuing a diploma in marketing from ICFAI, which according to her will help her in climbing the career ladder. Her work comprises business development and involves documentation and collecting information for clients. She believes that this course will provide her the necessary theoretical exposure and clear certain concepts. Unlike several young professionals who quit their jobs to take up higher education, Ms Patel, who is an economics graduate from Mumbai University, has the good fortune of pursuing work and study at the same time. The best part, she says, is that her company, Intelenet Global Services, is offering a discount for the course fee, which means that instead of the Rs250,000 that the course demands, she had to shell out Rs200,000. "The employee discount was very useful," says Ms Patel. Just like her, several BPO professionals are getting discounts and reimbursements from their employers to pursue higher studies. With attrition increasing every day, BPOs have deployed this strategy to curb the outflow of talent.
Source : 29-12-10 DNA Compiled by Amresh Anjan
Sports Players In Haryana Offered Govt Jobs To promote sports in the state, the Haryana government said that it will provide jobs for outstanding players as per their academic qualification. "Outstanding players of Haryana would be provided government jobs as per their academic qualifications and achievements in sports," said Haryana chief minister Mr Bhupinder Singh Hooda. While interacting with Mr Ravinder Singh Sangwan, who has won a bronze medal in the recently concluded Asian Games, the chief minister said that the state government had planned to spend a sum of Rs 20 crore on basic sports facilities in the state. As many as 11 sports academies were being developed in the state, he added.
Source : 28-12-10 The Financial Express Compiled by Amresh Anjan
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