SC/STs Missing In Pvt Sector Jobs, Reveals India Inc's First Caste Census The first-ever caste census of India Inc's human resources has shown that the ratio of Scheduled Caste and Scheduled Tribe employees in the private sector in some of the most industrialised states of the country hardly reflects their strength in the general population of those states. The only exception is Tamil Nadu, which ranks number one in industrialization and employment (by number of factories and persons, as per the Annual Survey of Industries 2008-09). SCs/STs account for almost 18 per cent of the industrial workforce and 20 per cent of the state's population. In sharp contrast are some of the other most industrialised states such as Maharashtra, Gujarat, Karnataka, Madhya Pradesh, Rajasthan and West Bengal, which reveal a sharp mismatch between SCs/STs as a percentage of the total workforce in the private sector and as a percentage of the states' total population. Living under the constant threat that the government may reserve jobs in the private sector as part of its inclusive growth agenda, the Confederation of Indian Industry, the country's largest industry chamber, undertook a caste census of its members spread across 22 states and Union territories. Covering 8,250 members of the CII, together employing 35 lakh people, it gives a flavour of the manpower mix in India Inc.
Source : 19-01-11 The Indian Express Compiled by Amresh Anjan
TCS Gets On A Hiring Spree Tata Consultancy Services (TCS) announces its plans to hire 37,000 professionals for its domestic and overseas markets through campus placements in the next financial year. "We plan to hire 37,000 professionals through campus recruitments in FY 12. We have so far visited 171 institutions pan-India," TCS Head (Global Human Resources), Mr Ajoyendra Mukherjee, said. The company had hired 27,500 professionals through campus recruitment last year.
Source : 18-01-11 oneindia.in Compiled by Amresh Anjan
Cognizant Plans To Add 25, 000 Professionals To Its Headcount Cognizant indicated its plans to add another 25,000 to its existing Indian headcount in the 2011 calendar year in keeping with the trend in the previous year. "We are looking to hire as good as last year," Mr R. Chandrasekaran, president and managing director (global delivery) at Cognizant, said. In 2010, the company added around 25,000 associates in India. It has over one lakh professionals working all over the world.
Source : 19-01-10 The Telegraph Compiled by Amresh Anjan
Get ready, Air India Is Hiring Now! National carrier, Air India is looking for young men and women for its plans to increase flights from the Delhi Airport. Currently, the airline operates more than 700 flights every week from the Indira Gandhi International Airport. By the end of March, when the summer schedule begins, this number would go up to at least 1,000. The airline plans to induct and train 200 new customer service agents to man its counters before the flights increase. Learning from its mistakes, the national carrier wants to have enough manpower at Terminal3 of the international airport when the number of passengers increases. The decision to shift its domestic flights to T3 in November last year and also increase flights at the same time resulted in utter chaos. The shift and increase in flights happened around Diwali, when a large number of cabin crew and other staff were on leave in Delhi. The result was flight delays and many cases of missing baggage. To handle the problem, it had to look for experienced professionals in a hurry.
Source : 18-01-11 Hindustan Times Compiled by Amresh Anjan
Government To Create More Jobs For Dentists The government is planning to create more job opportunities for dental professionals to provide employment to fresh graduates in the field, Health and Family Welfare Minister Ghulam Nabi Azad said. "India is number one in the world to have so many dental colleges, both in private and government sector. Every year, around 20,000 students pass out from these colleges. This area would certainly get saturated at one point, so we have to find more ways and means to create more employment opportunities," he said. "We are planning to create more job opportunities for dentists in the hospitals at districts and block levels. Our health ministry is trying to formulate plans about how to absorb dentists at the lower level. It will be a win-win situation for everyone and will take care of the problem of educated unemployment in the country," he added. He also emphasised the vast scope of dentistry in the country.
Source : 17-01-11 sify.com Compiled by Amresh Anjan
Salaried Taxpayers Likely To Be Spared Filing Returns Salaried taxpayers with no other income are likely to get a respite from filing tax returns. The income-tax (I-T) department is open to examining a proposal to exempt them from the annual chore. Asked whether the department would think about doing away with income-tax returns for employees, who had no other income apart from salaries in a financial year, Central Board of Direct Taxes (CBDT) Chairman Mr Sudhir Chandra said the department would definitely consider the proposal. He agreed that for a substantial chunk of salaried employees, savings bank interest is the only additional income and that in most cases, this is not substantial. This proposal, if approved, will benefit a large section of people and would reduce the I-T department's workload significantly. Of the country's 35 million taxpayers, almost half are salaried employees.
Source : 19-01-11 Business Standard Compiled by Amresh Anjan
UBS Changes Its Much-Mocked Dress Code Swiss bank UBS is changing its dress code after getting bluntly mocked for suggesting employees wear skin-colored under garments and avoid garlic breath. The bank says it is whittling down its 44-page style guide to a more modest booklet that will concentrate on how to impress customers with a polished presence and a sense of Swiss precision. Mr Andreas Kern, the bank's spokesperson, said it is "reviewing what is important to us." The original code instructed women how to apply makeup and which perfume to wear. Men were told how to knot a tie and to avoid unruly beards, garlic breath and earrings. Mr Kern declined to say if the revised dress code will still suggest skin-colored under garment for women and wristwatches for all to signal trustworthiness and punctuality.
Source : 17-01-11 businessweek.com Compiled by Amresh Anjan
ISB Student Offered Annual Salary Of Rs 39 lakh The Indian School of Business (ISB), Hyderabad, has so far witnessed the highest domestic job offer on its campus at Rs 39 lakh from a private equity firm, recruiters familiar with the development said. The highest domestic offer made last year was of Rs 40 lakh. "The final placements process began over the weekend and two companies offered a package above Rs 30 lakh per annum," said a source familiar with the development. ISB follows a rolling placement process, which will go on till May. It has began its final placements.
Source : 20-01-11 Business Standard Compiled by Amresh Anjan
Fresh LSR Graduate Takes Away 32L/Yr Job If you thought getting an MBA from top college was the only sure-shot way of raking in the moolah, think again. Surprisingly, undergraduates in top colleges are being snapped up by multinationals at salaries that would do MBAs proud. Deutsche Bank recently offered a BA (Honours) economics student from Lady Shri Ram College a posting in London at an annual package of Rs 32 lakh. It has also shortlisted a BCom student from Shri Ram College of Commerce for a job with a similar package. A large number of students at Narsee Monjee College had job offers in the range of Rs 8 lakh per annum, said college principal Mr Sunil Mantri. After all, close to 80% of the students complete their CA along with their graduation. MOP Vaishnav College for Women, Chennai, said, "The placement scenario has been very encouraging this year. Companies like Standard Chartered, Scope International and Deloitte, the international audit firm, came for recruitment this year. Ford hired students for marketing and financial jobs. Google took in students from Visual Communication because they have multimedia experience and also for content writing. World Bank and Goldman Sachs hired students for back office work. Since it was difficult to find chartered accountants for financial jobs, she added that companies preferred to hire BCom graduates and train them."
Source : 20-01-11 caclubindia.com Compiled by Amresh Anjan
Mr Vayalar Ravi Reaches Out To Air India Staff Though he is new to Aviation, the appointment of Mr Vayalar Ravi as India's civil aviation minister has raised high hopes in the sector particularly among Air India (AI) employees. In an attempt to reach out to AI employees, Mr Ravi, who took charge from Praful Patel, sought their support to restore the lost glory of the flag carrier. "It is my duty to talk to employees and I will do that. To make the services better, to improve working conditions and to make it profitable we need the full support of all workers," Mr Ravi said. He said he would call all AI union leaders personally and speak to them. "They should know that the ministry is concerned about them. There shouldn't be a feeling of alienation. I solicit their cooperation. I am here to hear them and seek their cooperation." The minister made it clear that he would carry forward with the policies and programmes initiated by Mr Patel. "I will not tamper with existing systems," he new minister said.
Source : 20-01-11 Hindustan Times Compiled by Amresh Anjan
Sony Plans To Hire More Foreign Graduates To remain competitive against foreign rivals, Sony said it will increase the number of foreign graduates it hires by 2013 as it tries to tap a wider talent pool. The move comes with Japanese companies, which have historically favoured choosing their workforce at home, increasingly looking abroad for labour while also seeking new growth markets amid falling domestic demand. The company said it aimed to employ 30% of its graduates from overseas by fiscal 2013, more than double the 14% slotted to be taken on in the financial year from April. The announcement follows the success of Sony's recent efforts to attract more Chinese and Indian college graduates, said Sony spokeswoman Ms Ayano Iguchi. "In China and India, so many students are enrolled in science and engineering departments. The number far exceeds the number available in Japan," Ms Iguchi said. "We have long operated in foreign markets and hired talented individuals regardless of their nationalities. But as of late, we have faced an issue of acquiring brilliant engineers," she said. Just like their Japanese peers, newly hired foreigners would first work in Japan before the best candidates are groomed for future managerial roles, she added.
Source : 20-01-11 mysinchew.com Compiled by Amresh Anjan
Citi Rewards Mr Vikram Pandit With A Hefty Hike Mr Vikram Pandit, who has steered the once-battered Citigroup into profitability, has been rewarded with a huge hike. This has pushed up his annual salary to USD 1.75 million. India-origin Mr Pandit, who has been at the helm of Citi for over three years, in 2009 decided to take home a base salary of just USD 1 till the banking behemoth returned to profits. The bank has increased the annual base salary of the company chief from USD 1 to USD 1.75 million with immediate effect. Appreciating Mr Pandit's efforts in bringing the crisis-ravaged Citi back on track, Chairman Mr Richard Parsons said the board was very pleased with the company's performance under his leadership.
Source : 23-01-11 news.in.msn.com Compiled by Amresh Anjan
Coca Cola To Increase Hiring In India By 9 Per Cent In 2011 The Indian arm of Coca Cola plans to hire around 600 workforce this year, which accounts for around nine per cent of the existing employees, a top company executive said. "We are looking at recruiting around 600 employees in our India operations this calendar year," Hindustan Coca Cola Beverages Vice President (HR) Mr P. V. Ramana Murthy said. The recruitment would be made across all levels, including management trainees, he said. The company's current head-count stands at 6,500, which will be increased to around 7,100 this year, Mr. Murthy added.
Source : 23-01-11 The Hindu Compiled by Amresh Anjan
Mr Anand Sinha Named As RBI Deputy Governor Mr Anand Sinha, who is presently an executive director of the Reserve Bank of India, has finally been promoted as the deputy governor of the central bank. The finance ministry notified Mr Sinha's appointment. Mr Sinha, 59, who would have retired as ED after reaching 60 by February-end, has been given a two-year extension as the deputy governor. Mr Sinha has managed some of the most important departments like banking operations and supervision and helped in shaping the paper on entry norms for new private and foreign banks.
Source : 19-01-11 indianexpress.com Compiled by Amresh Anjan
Mr Sanjib Dey Appointed As Law & Kenneth COO Mr Sanjib Dey has been recently named as the chief operating officer by Law & Kenneth India. Mr Dey, who was earlier president, Saatchi & Saatchi, will be based in Delhi, and will report to Mr Anil Nair, chief executing officer and managing partner, Law & Kenneth India. His job will be to largely expand the operations in Delhi and take care of all the brands the agency has. He has worked with brands such as Bharat Petroleum, Hyundai, Mother Dairy, Tata Tea, Panasonic, Radico Khaitan's 8 PM and Magic Moments, Sony Handycam, Revital, Aviva Life Insurance and Pepfiz. He is an alumnus of Mudra Institute of Communications, Ahmedabad (MICA).
Source : 19-01-11 afaqs.com Compiled by Amresh Anjan
Aditya Birla Money Gets New MD Aditya Birla Money (ABML), the broking arm of Aditya Birla Financial Services Group (ABFSG), has named Mr Sudhakar Ramasubramanian as its new Managing Director. Ramasubramanian, who will take charge on February 1,will also look at the operations of Aditya Birla Money Mart(ABMM), a press release said. He joined ABFSG in March 2009 from the Aditya Birla Group, where he worked in various functions including corporate strategy since 1996. Initially, he was appointed Executive Director of ABML to manage its overall operations and drive the post-merger integration of ABML into the ABFSG fold. In January 2010 he moved to ABFL as CEO. "In this new role, Mr Sudhakar will be responsible to take the business to a new trajectory, by expanding our product range and business lines, and building strong risk and compliance management processes to cater to our wealth, retail and institutional customers," the Group''s Chief Executive -Financial Services, Mr Ajay Srinivasan, said.
Source : 20-01-11 news.oneindia.in Compiled by Amresh Anjan
Indusind Bank Re-Names Mr Romesh Sobti As Managing Director & CEO Indusind Bank Ltd announced that Reserve Bank of India has conveyed their approval for the re-appointment of Mr. Romesh Sobti as Managing Director & CEO of the Bank for a further period of three years w.e.f. February 01, 2011.
Source : 19-01-11 equitybulls.com Compiled by Amresh Anjan
Mr TK Kurien Is The New CEO Of Wipro IT major Wipro announced on Friday, Jan 21 the appointment of its new chief executive officer (CEO) Mr TK Kurien. He is currently serving as the chief executive of Wipro's eco-energy division, a new initiative launched early this financial year. The Chairman of Wipro, Mr Azim Premji said, "The joint chief executive structure was one of the key factors that successfully helped us navigate the worst economic crisis of our times." The present two joint chief executives Mr Girish Paranjpe and Mr Suresh Vaswani will step down by Feb 1 and were both considered a key part in the leadership hierarchy at Wipro. They have associated with Wipro since the last two decades.
Source : 21-01-11 oneindia.in Compiled by Amresh Anjan
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