HR Articles: Mar-11 (Part-6)

For more article, Visit at : www.amreshanjan.co.cc   How to use LinkedIn strategically Takeaway: LinkedIn is a great tool for getting your profile out in front of potential employers. And with the addition of some new apps, it just got better. I think a lot of people think of LinkedIn as just a more staid version of social networking. And I think the gainfully employed often neglect their LinkedIn pages in favor of its more scintillating cousin, Facebook. After all, would you rather hear who a former colleague is now connected to or read trash-talking among your Facebook friends? Okay, maybe that's just me. The fact is, LinkedIn is a great tool for what are perhaps the most important aspects of searching for a job-networking and online presence. And with the addition of some new LinkedIn apps, these have become tasks have become even easier to do. First of all, you can put your work profile up there for the world to see. While you still should send targeted resumes for positions you want to apply for, LinkedIn gives everyone a snapshot of your capabilities. So if a potential employer is just looking around before he or she even posts an opening, you're out there. Here are some tips for using LinkedIn to its greatest advantage: Avoid overused keywords just as you would on a resume LinkedIn late last year released its top 10 overused buzzwords used in U.S. member-profiles. Avoid: extensive experience innovative motivated results-oriented dynamic proven track record team-player fast-paced problem-solver entrepreneurial Take advantage of new LinkedIn apps I found three apps that I think are invaluable: WordPress This app will synch your WordPress blog posts automatically with your profile. It offers a filtering option if you don't want to share every entry with your LinkedIn connections-you can just use a special LinkedIn tag. Events The Events application adds a box to your profile that shows what events people in your network are attending. This helps you find events based on your industry and job function. You can sort by most popular events, search for events, and create new ones. SlideShare Presentations With this app, you can share presentations and documents with your LinkedIn network and upload portfolios, resume, conference talks, PDFs, marketing/sales presentations. If you're really adventuresome, you can upload a video of yourself. Source : 16-02-11   Toni Bowers   Compiled by Amresh Anjan

HR Articles: Mar-11 (Part-5)

For more article, Visit at : www.amreshanjan.co.cc   Employment Sees Upward Trend As per the Economic Survey tabled in the Lok Sabha by the Finance Minister Pranab Mukherjee, the employment front of the country has been able to withstand the adverse impact of the global crisis and generate employment.An upward trend in employment has been continuously observed since July 2009. During the quarter July to September, 2010, the overall employment increased by 4.35 lakh. The Economic Survey states that during 2009-10, 5.26 crore households were provided employment under the Mahatma Gandhi National Rural Employment Guarantee Scheme as against more than 4.51 crore during 2008-09. Source : 25-02-11   Rediff.com   Compiled by Amresh Anjan Cognizant Top Brass Gets Big Fat Bonus Cognizant, which is expected to pip older rival Wipro in terms of quarterly revenues soon, has decided to reward its five top executives with hefty annual cash incentive bonuses that are nearly 90 per cent more than 2010 targets.The outsourcing giant's compensation committee has decided to pay Francisco D'Souza, president and CEO; Gordon Coburn, CFO; Ramakrishnan Chandrasekaran, president and MD (global delivery); Rajeev Mehta, COO (global client services); and Steven Schwartz (senior VP, general counsel and secretary), a total of $2.92 million compared with $1.54 million.In effect, D'Souza will get $810,000, up from $430,000, Coburn $730,000 ($380,000), Mehta $580,000 ($310,000), Schwartz $530,000 ($280,000) and Chandrasekaran $250,000 ($140,000). Source : 27-02-11   Financial Chronicle   Compiled by Amresh Anjan Butola To Be New IOC Chairman Mr. R S Butola took over as the Chairman of Indian Oil Corp, the nation's oil refining and marketing company. Before joining IOC, Butola was the Managing Director of ONGC Videsh Ltd (OVL). Under his stewardship, OVL built a formidable portfolio comprising both discovered and producing assets in over 15 countries. Mr. Butola holds a MBA from the Faculty of Management Studies , Delhi and is a Certified Associate of the Indian Institute of Bankers (CAIIB) Source : 28-02-11   Hindustan Times   Compiled by Amresh Anjan Baldauf Quits As Air India COO Under attack for speaking out against the government, Air India's first chief operating officer Gustav Baldauf has resigned. His resignation has been accepted and Baldauf was relieved of his responsibilities with immediate effect. Baldauf's decision to quit comes within days of another top executive — AI's chief of training Stefan Sukumar — putting in his papers. It also marks the exit of all top external professionals hired by Air India last year as part of its turnaround plan, which in turn raises a question mark on the process adopted for these appointments. Source : 01-03-11   Hindustan Times   Compiled by Amresh Anjan Nilesh Shah To Lead Axis Bank's Investment Department Axis Bank has appointed Mr. Nilesh Shah as president, strategic initiatives in its corporate banking division. Mr. Shah will lead the banks initiative in the investment banking space. He was previously working with ICICI Prudential Mutual Fund as the Deputy Managing Director. Source : 04-03-11   Hindustan Times   Compiled by Amresh Anjan Unemployment Drops In The US In positive news that could improve the prospects for the Obama administration, the United States Bureau of Labour Statistics announced that the net addition to jobs in the U.S. economy was 192,000 during the month of February. The Bureau of Labour Statistics noted that even as the world's largest national economy continued to create new jobs, its rate of unemployment also dipped to a two-year low of 8.9 per cent after hovering above 9 per cent for many months. This followed from job gains occurring in manufacturing, construction, professional and business services, health care, transportation and warehousing. However, despite the progress in job creation the total number of unemployed persons remained near its post-recession highs, at 13.7 million. Source : 04-03-11   The Hindu   Compiled by Amresh Anjan Fat Pay Packet For IIM- Kozhikode Graduates The Indian Institute of Management (IIM)-Kozhikode completed its final placement with 110 corporate giants flooding the campus doling out 30 per cent fatter salary than the previous year. The highest international package US $ 150,000 was offered by a commodities trading company while the highest domestic salary Rs 32 lakh was offered by in investment bank. Deloitte. ICICI Bank was the largest recruiter and made 16 offers. Finance continued to remain the top preference among students with more than 33 per cent of the batch taking up roles ranging from investment banking, corporate finance, corporate banking, risk management, equity research and retail banking in foreign and Indian financial institutions. Source : 05-03-11   Hindustan Times   Compiled by Amresh Anjan Public Sector Banks Bring In Pay Plans Linked To Performance In a huge policy shift, public sector banks (PSBs) will get the right to reward their best employees and also lay off their worst performers, under a plan approved by the government.The performance management system has been adopted, in principle, by the banks as part of their recent tripartite wage negotiations agreement with bank employees and the government.It will mean each bank will be able to link part of the salary of their employees down to the junior-most branch manager level. Two sources connected with the development confirmed the plan.To start with; the performance management system will be restricted to officer-level employees only. This it self will be a huge change for the banks, where security of tenure and even salary levels, irrespective of performance has been the rule so far. Source : 05-03-11   Financial Express   Compiled by Amresh Anjan Delhi University To Recruit 2,860 Teachers Delhi University, which has been reeling under shortage of teachers since the implementation of 54% reservation for students of the Other Backward Classes (OBC) last year, will recruit 2,860 permanent teachers soon in undergraduate courses across all colleges of the university. Sinc e the number of students has increased due to OBC reservation; colleges needed permanent teachers to address the increased class strength. Also, with the university implementing the semester system in humanities and commerce courses this year, the workload of teachers will increase. So, the sanction of these permanent positions from the government has been timely," said vice-chancellor Mr. Dinesh Singh. The university is planning to start the recruitment process by June this year. Source : 04-03-11   Hindustan Times   Compiled by Amresh Anjan AICTE shuts Door For Part-time MBA Courses It's curtains for part-time management courses in business schools approved by the All India Council for Technical Education (AICTE).The country's technical education regulator has said it will "not permit any technical education programme to be run as either evening or part-time programme in any technical institution". According to a senior AICTE official, this means the council will not approve new part-time MBA programmes or allow fresh admissions in existing ones from the next academic year. B-schools have to apply to AICTE every year for renewing their part-time programmes. Experts from the sector said the move could affect around 400 colleges and 20,000 students. These figures could not be verified with AICTE. Source : 07-03-11   Business Standard   Compiled by Amresh Anjan IIT Placement Back To Pre Recession Levels It's not only the B-schools which are drawing companies on campus. Improved global recovery has brought the companies back on the campuses of Indian Institutes of Technology (IITs), too.So unlike the past two years when IITs feared achieving 100 per cent placements and prompted their students to take up higher studies due to lack of jobs, this year they have placed around 80 per cent of the batch sizes, already. IT-Kgp began its placements in the last week of December 2010 and recorded the highest pay package of about $1,35,000 made by Facebook. Till the last week of February, more than 600 companies visited the campus, and made over 1700 offers. This, against 360 offers made during the same period last year. Source : 07-03-11   Business Standard   Compiled by Amresh Anjan Spanco To Hire 6,000 To Power Global Expansion Business process outsourcing company Spanco said it would hire 6,000 more employees for its worldwide operations by March 2012 taking the number to 18,000 to cater to its expansion plans. The firm would set up three more centres in India and expand businesses in Africa, West Asia and United Kingdom over the next one year. The company, which has onshore as well as offshore operations, is expecting a turnover of Rs 280 crore this fiscal year, up by Rs 80 crore from last year. It plans to double the turnover to Rs 500 crore by next financial year with major businesses coming from Africa and Indian markets Source : 03-03-11   Financial Chronicle   Compiled by Amresh Anjan Infosys May Have To Hire A Million, Says Report Bangalore-based Infosys Technologies needs to revamp the growth strategy or end up hiring close to a million people over the next decade, as it eyes a 20 per cent compounded annual growth rate (CAGR) in revenue in the period up to 2020, says a BNP Paribas report. Infosys employed 127,779 people at the end of the third quarter of 2010-11. Source : 07-03-11   Rediff.com   Compiled by Amresh Anjan ONGC Gets New Exploration Director India's state-run exploration firm Oil and Natural Gas Corporation (ONGC) has appointed Mr. SV Rao as its director of exploration, a company statement said on Friday.Mr. Rao was previously executive director of offshore exploration with the company. He has some 35 years of experience in the oil and gas sector. Source : 26-02-11   Business Standard   Compiled by Amresh Anjan BPO Hiring From Top B-school Campuses Business process outsourcing (BPO) firms that so far hired from tier three B-schools will now flaunt IIM graduates. Delhi-based BPO firm EXL Services which has managed to hire over 10 management graduates from India's premier Indian Institute of Management (IIM), Ahmedabad. The highest ever for any BPO company so far, EXL Services has hired the IIM-A graduates for general managerial and consulting roles. BPO and IT services firms have traditionally hired large number of students from engineering colleges and graduation colleges. But hiring from top B-schools has always been a tad difficult as students prefer to work with sectors like banking, consultancy, and FMCG.The trend to hire more management graduates is however, not limited to EXL services alone or to the third party BPO sector. Captive BPOs of IT companies are also joining the bandwagon. IT major Tata Consultancy Services (TCS) plans to hire over 1,200 management students for FY11 from B-schools across the nation. Of these the company has already extended offer letters to 557 students. TCS BPO has also made 129 offers so far. Source : 28-02-11   Business Standard   Compiled by Amresh Anjan

HR Articles: Mar-11 (Part-4)

For more article, Visit at : www.amreshanjan.co.cc   Marks & Spencer India Makes Key Appointments To Leadership Team Marks & Spencer Reliance India Pvt Ltd. (Marks & Spencer India) has announced two new appointments to its leadership team. Mr. James Munson joins as the new head of Retail and Marketing, and Mr. Maneesh Gaur as the head of property & projects. As part of their responsibilities, Mr. Munson will head retail operations, marketing and corporate communications, while Mr. Gaur will be part of the leadership team to strategically drive the property strategy and store opening programme for Marks & Spencer in India. Source : 22-02-11   12   Compiled by Amresh Anjan Indian IT Cos Hire Local US Talent Top tech firms like Tata Consultancy Services, Infosys, Wipro and Cognizant that were already hiring senior professionals to serve their top customers in the U.S., are now battling each other to hire fresh local talent, even as higher unemployment rates and tougher immigration laws are used to clamp down on sending jobs outside the region. These companies have already started setting up development centers in American cities like Atlanta and Michigan and have clear targets for hiring foreign workforce. TCS says it will double its U.S. workforce from 10,000 in the next five years while Infosys and Wipro hopes to have between 10 to 15 percent of their staff as non-Indians, up from the current five percent. Most of these companies are creating a buzz across university campuses in a bid to attract good talent and are ready to pay higher. The article quotes experts to suggest that IT companies pay between 20 to 25 percent more to technology grads in the US compared to Indians and they believe the costs can be recouped by charging higher for their on-site employees. Source : 21-02-11   MSN.com   Compiled by Amresh Anjan Indian Temp Staffing Industry Growing At 18-20%: Teamlease Study India's organized temporary staffing industry is growing annually at 18 to 20 per cent, with temporary recruitment in the IT sector alone jumping about 19 per cent last year, according to Team Lease. Staffing services firm Team Lease today said the country's temporary staffing industry is slowly maturing, especially with more sectors open to the idea. The study showed that median salary hikes for temporary staff rose to 7.3 per cent last year from just 5.2 per cent in 2009. Source : 23-02-11   Financial express   Compiled by Amresh Anjan B-Schools Make Hay While The Sun Shines Growing job opportunities has ensured good placements for even second- and third-rung business schools. For Panvel-based Pillai's Institute of Management Studies and Research (PIMSR), 2011 has seen remarkable placements. Domestic salary in the institute has gone up from Rs 6.59 lakh in 2010 to 10 lakh this year — an increase of 49 per cent. The average salary in the institute is up from Rs 2.5 lakh in 2010 to Rs 3.5 lakh this year. It's not just the premier B-schools that are witnessing buoyancy in placements. Even mid-rung and three-tier B-schools in the country are having a field day, nearing a 100 per cent placement target. Source : 23-02-11   Financial Express   Compiled by Amresh Anjan Men In Noisy Jobs Likelier To Suffer Hearing Problems, Heart Diseases A new study has found that being male and having a noisy job would increase the risk of hearing impairment and cardiovascular diseases in middle-aged adults. Scott D. Nash and colleagues studied 3,285 participants ranging in age from 21 to 84 years, with an average age of 49. The researchers evaluated hearing impairment as a pure-tone greater than 25 decibels hearing level in either ear, and also measured word ecognition to different sound levels and with male and female voices. Results showed prevalence of hearing impairment was 14.1 percent and the average word recognition in quiet was 89.6 percent, but 63.5 percent in competing message environment. Other factors suggest there may be cardiovascular correlates associated with hearing mpairment as based on the word recognition scores, including statin use, a higher hematocrit percentage (a marker of blood viscosity), and intima-media (artery walls) thickness. Source : 22-02-11   Yahoo.com   Compiled by Amresh Anjan Government Revises Wages Under NREGA Against Inflation The Government has revised the wages for unskilled manual workers under the National Rural Employment Guarantee scheme by indexing it to inflation. Against the Rs 100 per day wages originally approved, actual wages given are as high as Rs 181 in Nicobar. Haryana gives Rs 179 per day while daily wage in Chandigarh under the scheme is Rs 174. It is Rs 170 in Andaman and Rs 150 in Kerala. The wages are in the range of Rs 118 to Rs 138 per day in other states. Source : 22-02-11   Hindu   Compiled by Amresh Anjan Obama And Tech Leaders Discuss Innovation And Jobs President Barack Obama dined with a dozen leaders of the US technology industry including Apple CEO Steve Jobs and Facebook founder Mark Zuckerberg as he sought support for his education and innovation agenda and discussion on promoting growth.The president met privately with the executives at a secluded home of John Doerr in Woodside, California, a wealthy community about 25 miles south of San Francisco. Mr. Doerr is a senior partner with Kleiner Perkins Caufield & Byers, a Silicon Valley venture capital firm. The president specifically discussed his proposals to invest in research and development and expand incentives for companies to grow and hire, along with his goal of doubling exports over five years to support millions of American jobs. Source : 19-02-11   Business Standard   Compiled by Amresh Anjan 11 Asset Management Companies In Race To Manage EPFO Funds For Next Three Years As many as 11 asset management companies, including HSBC, UTI and ICICI Securities, are in the fray to manage EPFO's huge provident fund corpus of Rs 3 lakh crore for three years beginning April. ICICI Pru, HSBC, Reliance Capital and SBI are existing fund managers, which were appointed in July 2008 Besides, existing fund managers, seven new firms, including Kotak Securities, Securities Trading Corporation of India, UTI Securities and ICICI Securities, have sent their expression of interest (EoI), a source said.The Employees' Provident Fund Organisation (EPFO) had invited expression of interest or request for qualification which were to be submitted by last evening. EPFO has engaged credit rating agency CRISIL for appointment of the fund managers as well as monitoring their performance for the next three fiscals on quarterly basis. Source : 19-02-11   Business Standard   Compiled by Amresh Anjan Daimler Will Create 10,000 Jobs This Year German automaker Daimler will create 10,000 new jobs this year, of which 4,000 will be in Germany. Daimler, which owns the Mercedes-Benz and Smart brands and is the world leader in heavy trucks, will expand in particular its operations abroad to countries like China and India. Like its German rivals BMW, and Volkswagen which owns Audi, Daimler has been a major beneficiary of the rebound in global demand for cars, in particular in the Chinese market.In January, Mercedes-Benz sold 87 percent more autos in China than during the same month a year earlier. Source : 24-02-11   AFP   Compiled by Amresh Anjan Airlines May Need To Hire More Staff Under New Safety Norms Indian carriers may soon have to hire more pilots and crew to comply with a new rule that mandates more rest for flight crew to prevent fatigue, a reason cited for the decade's worst plane crash in India last year that killed 158 people. The plan to reduce pilot fatigue comes after investigations into the fatal crash of Air India Express flight IX-812 in Mangalore on 22 May revealed that the flight commander slept through 30% of the flight. The move will also raise the cost of running airlines as the carriers have to increase the number of pilots and cabin crew for each aircraft. DGCA is preparing the draft guidelines and the details haven't been made public. Source : 24-02-11   Mint   Compiled by Amresh Anjan Saudi Petrochemical Giant Plans Big For India Petrochemicals major Saudi Basic Industries Corporation (Sabic) is planning big investments in India that may run into billions of dollars. Sabic, which ranks among the world's top five petrochemical companies, has been in talks with Indian petrochemical players for a joint venture to tap the huge potential of the Indian market with cracker projects and downstream refineries. India, which imports over $22 billion of petrochemical products ever year, offers Sabic the perfect platform to tap the potential for its core business areas like chemicals, fertilizers, innovative plastics, polymers and performance chemicals. Source : 24-02-11   Business Standard   Compiled by Amresh Anjan DHL Appoints New Chief Operating Officer In India DHL, the world's leading logistics company, today announced the appointment of Mr. Vikas Anand as Chief Operating Officer (COO) for DHL Supply Chain India. Mr. Vikas Anand joined DHL Supply Chain as Supply Chain Manager in the Middle East based at Dubai, before moving to India in 2005. Since then, he has held various positions within DHL viz National Service Parts Logistics Head and General Manager - Logistics. A Mechanical Engineer from Delhi College of Engineering and an MBA holder from Faculty of Management Studies (FMS) Delhi and has extensive industry experience of over 20 years. Source : 24-02-11   Business Standard   Compiled by Amresh Anjan Govt To Create More Jobs: Says Commerce And Industry Minister Mr. Anand Sharma India has sustained economic growth of 8-9 percent and the government is working to further improve economic growth and create more jobs, as said by Commerce and Industry Minister Mr. Anand Sharma. He further emphasized that global fulcrum of economic growth is shifting fast and India is ready for the challenges and opportunities and it's important for the country to be the home of large number of significant business investments. Source : 21-02-11   SIfy.com   Compiled by Amresh Anjan Tihar Scores Big With Headhunters Tihar Jail moved into the big league with 43 of its inmates who sat for placement interviews being offered jobs by private firms. Some of the hires are serving time for murder but will now work as sales and executive managers. Out of the ones being offered a job, fourteen of them got their joining letters and the rest will get it in a day or two. Agarwal packers, Vedanta Foundation, Good Housekeeping, Relaxo were among the nine firms that went scouting to Tihar. Source : 26-02-11   Hindustan Times.com   Compiled by Amresh Anjan Rising Wages To Erode Global Competitiveness With over 72% decline in strikes and lockouts in 2010 over previous year, labour unrest was at its lowest and the industrial relations climate remained peaceful and cordial in 2010 says the Economic Survey. Strikes and lockouts declined from 349 in 2009 to 99 in 2010, the Survey said. This was possible due to constant endeavour of the industrial relations machineries of both the Centre and the states. On the employment front, the Survey said India was able to withstand the adverse impact of the global crisis and generate employment since July 2009 as reported in the quarterly quick employment surveys conducted by the labour bureau. During the quarter July to September 2010, the overall employment has been estimated to have increased by 4.35 lakh. A comparison of the results of the last four quarterly surveys—September 2010 over September 2009—indicates that overall employment has increased by 12.96 lakh, with the highest increase of 9.36 lakh in IT/BPO was followed by textiles, metals, automobiles and gems and jewellery. Source : 26-02-11   Financial Express   Compiled by Amresh Anjan Most Companies In China To Hike Wages In 2011: Survey % in 2011, as per a survey by a British recruitment group, Hays. The finding comes amid a boom in China's middle class, a result of the country's economic success, and highlights the high inflationary pressures in the pipeline as well as rising costs faced by many companies. The annual salary survey of more than 5,000 employers based in Shanghai and Beijing showed more than half expect to increase salaries between 6-10% over the next 12 months while a third intend to hike them by more than 10%. Source : 16-02-11   Moneycontrol.com   Compiled by Amresh Anjan

HR Articles: Mar-11 (Part-3)

For more article, Visit at : www.amreshanjan.co.cc   Air India Top Honchos Likely To Lose Their Jobs All top appointments at Air India, made during the tenure of former aviation minister Mr Praful Patel, are under scrutiny. And the controversial head honchos whom the loss-making national carrier hired by shelling out around Rs 8 crore last financial year may be replaced with new faces soon, according to highly placed sources in the ministry. Source : 14-02-11   Mid Day   Compiled by Amresh Anjan International Firms Rule IIM-Ahmedabad Final Placement If job offers made by international corporate houses at Indian Institute of Management, Ahmedabad's (IIM-A) final placements are anything to go by, then it seems the global market is on the recovery path. As the final placement process for the 2011 Post Graduate Programme (PGP) students — the first cluster — began last week, they received more number of international offers compared to last year. Official communiqué from the IIMA said that this year international recruiters not only offered jobs to students at their Mumbai office, but also at their Singapore and London offices. Observers said that this is an indication of IIMA students' acceptance in global market with other international reputed B- schools. Source : 13-02-11   DNA   Compiled by Amresh Anjan Reliance Industries Plans To Hire At Middle Level backgrounds who would eventually be groomed for leadership roles in the company's growing operations. The recruitment drive is being spearheaded by chairman Mr Mukesh Ambani and advised by global management consulting firm McKinsey. The exercise, open to candidates of any nationality, will be monitored by a four-member committee that will mentor selected candidates, two people familiar with the development said. Source : 18-02-11   moneycontrol.com   Compiled by Amresh Anjan ONGC Board To Appoint Two Directors Oil minister, Mr S Jaipal Reddy has appointed two independent directors on the board of Oil and Natural Gas Corp (ONGC), helping the state-owned firm meet its listing requirement ahead of its Rs 13, 000-crore follow-on public offering next month. Source : 19-02-11   Business Standard   Compiled by Amresh Anjan Time Inc CEO Ousted Time Inc chairman and chief executive Mr Jack Griffin has been ousted fewer than six months into his job, after his boss decided his leadership style did not match with the company. In an internal memo, Time Warner Inc Chief executive Mr Jeff Bewkes said the publishing unit will be led by an interim management committee until a permanent successor to Mr Griffin is found. Source : 19-02-11   Hindustan Times   Compiled by Amresh Anjan JLR Intends To Hire 2, 000 In Next Two Years Tatas-owned Jaguar Land Rover announced that it will hire over 2, 000 people within the next two years to increase its headcount by over 11% globally across different positions. The company plans to induct 400 people during this year in UK alone and has already started the process to recruit 280 graduates in different verticals. "Jaguar Land Rover (JLR) currently employs 18, 000 people globally and this will increase to more than 20, 000 by 2012," the company said. Source : 19-02-11   The Financial Express   Compiled by Amresh Anjan UK Likely To Have Quotas For Female Directors Blue-chip British companies may be given two years to increase the number of female directors or face quotas as part of a government review looking to increase the number of women sitting on company brands. The proposal is one of several measures to being considered by a government panel looking into why there are so few women on the boards of UK-listed companies. Source : 15-02-11   Hindustan Times   Compiled by Amresh Anjan Exit In DB Realty Mr Shahzad Dalal, vice chairman of IL&FS Investment Managers and a director of DB realty, has resigned from the board of DB Realty. Source : 14-02-11   Business Standard   Compiled by Amresh Anjan 4 MDs Set To Step Down From Sequoia India In a major shakeup at one of the most respected private equity funds in the country — Sequoia Capital India — four managing directors are set to exit and set up their own fund. Private equity industry veterans Mr K P Balaraj, Mr Sumir Chadha, Mr Sandeep Singhal and Mr S K Jain are learnt to be forming a fund that will primarily focus on private investment in public enterprises and late-stage deals. Investment bankers said, Sequoia executives have briefed some investee companies about the exit of the four key personnel. According to private equity industry players, they are understood to be planning to revive WestBridge Capital Partners after their exit from Sequoia. Source : 15-02-11   Business Standard   Compiled by Amresh Anjan Air India Continues To Hire Foreigners, Indian Pilots' Union Upset One of the two pilots' unions in Air India has accused the airline of intentionally ignoring training of Indian pilots to continue the services of expatriate pilots. The Indian Pilots' Guild (IPG) reported the matter to civil aviation minister, Mr Vayalar Ravi and union labour minister, Mr Mallikarjun Kharge. The union alleged the airline has been portraying a fake shortage of senior commanders to continue the services of expatriate pilots. "We strongly suspect some officials have a vested financial interest in the continued employment of foreign pilots through recruitment agencies based on foreign shores," said Mr Jeetendra Awhad, president, IPG. "The training of many Indian pilots has stopped," he added. Source : 17-02-11   Hindustan Times   Compiled by Amresh Anjan Facebook Looks At $1 Billion Employee Share Sale: Report Facebook may let its employees sell up to $1 billion of their shares to institutional investors at a price that values the company at about $60 billion, an influential industry blog revealed. Facebook is looking at it after entertaining approaches from a number of major institutions interested in investing in the world's largest social network, the All Things Digital technology blog reported. That valuation would surpass previous measures. Last month, the company founded by Mr Mark Zuckerberg in a Harvard dorm room raised $1.5 billion of financing in a round led by Goldman Sachs, which valued it at $50 billion. Facebook, whose online service counts more than a half a billion users worldwide, may go public around 2012. Source : 14-02-11   The Financial Express   Compiled by Amresh Anjan Internships for MBAs in Haryana The Haryana School Education Department has decided to provide an internship opportunity to post-graduates in fields of MBA, MSW, mass communication, journalism and B.Tech, who are studying in the universities or institutes affiliated to the universities in the state. Haryana education minister, Ms Geeta Bhukal said that graduates or post graduates in these disciplines completing their course by the academic session ending in April, 2011 would be considered as interns for projects as quality initiative coordinators, community mobilisers and, information communication technology (ICT) coordinators. The interns would be paid a monthly stipend of Rs 15,000 for a period which may be up to one year in addition to a laptop with internet facility. The applicants for internship are expected to have knowledge of the background of Rashtriya Madhyamik Shiksha Abhiyan, Sarv Shiksha Abhiyan and Right to Education Act and ICT in schools. They are also expected to be aware of the various quality initiatives being taken for the development of school education, integration of ICT in school system. Source : 16-02-11   The Financial Express   Compiled by Amresh Anjan Mr Kapil Kapoor Is Timex Group Chairman Timex Group India has named Mr Kapil Kapoor as the chairman. Mr Kapoor has been holding the position of the Vice Chairman of the board for Timex India since January 2009 after ruining the operations of Timex India as its MD between 2000 and 2008. He is credited with leading the turnaround of the Indian operations. Source : 18-02-11   The Financial Express   Compiled by Amresh Anjan Mahindra Satyam Gets New CFO Mahindra Satyam, a leading global consulting and IT services provider, announced the appointment of Mr Vasant Krishnan, as its new Chief Financial Officer effective March 1. Krishnan is a Chartered Accountant with over 25-years experience and presently with Mahindra & Mahindra Limited as Senior Vice-President. He will come on board at Mahindra Satyam with effect from March 1 in place of Mr S Durgashankar who will relocate to M&M, according to a company release. Source : 14-02-11   indiainfoline.com   Compiled by Amresh Anjan Mr Chandrakumar Appointed As AI Express COO After an unpleasant experience with an outsider, Air India has appointed Mr S Chandrakumar, an old timer, as the chief operating officer of Air India Express, the low-cost international subsidiary of the government carrier. Mr Pawan Arora, who was hired from low-cost carrier IndiGo at an annual package of Rs 1.2 crore, was asked to leave last week. Mr Chandrakumar has been with the airline for 30 years and worked in several departments. Before being deputed to AI Express as the corporate communications head, he was the general manager of corporate communications in Delhi. Source : 16-02-11   Business Standard   Compiled by Amresh Anjan IDFC Appoints Mr Sunil Kakar As Group CFO Infrastructure finance firm IDFC named Mr Sunil Kakar as Group Chief Financial Officer (CFO), succeeding L K Narayan who has moved on to the not-for-profit sector. The appointment will be effective immediately, according to a company release. Mr Kakar brings with him over 25 years of experience encompassing various financial roles and a career that kick-started with Bank of America. Before joining IDFC, Mr Kakar dedicated 10 years to MaxNew York Life Insurance Company as CFO, India. Source : 14-02-11   oneindia.in   Compiled by Amresh Anjan

HR Articles: Mar-11 (Part-2)

For more article, Visit at : www.amreshanjan.co.cc   AI Pilots Threaten To Go On A Strike Passengers stranded at airports across the country when 1500 Air India employees went on strike. This could happen once again and that too very soon. About 800 pilots of what used to be called Indian Airlines say they're getting a raw deal. They want the same money that their counterparts in Air India are getting - nearly 50 per cent more. For the last three years they have been doing the same job as pilots with Air India - flying international airlines. But while Air India pilots have a fixed salary, those working for Indian Airlines are paid by the hour. A lot of their time is spent in training - so flying hours automatically reduce, therefore the lower salary. What's made the pilots ever angrier are the advertisements asking for new pilots. Statement from ICPA says, "We are being underutilized. For the last three years we have been demanding pay parity with erstwhile Air India. So far all our requests have fallen on deaf ears. It's not a problem with the airlines, it's a management problem. We don't want to inconvenience passengers so we are trying one last time to meet the new aviation minister. If that too doesn't work out we will have no choice but to go on a strike." Source : 08-02-11   ibnlive.in.com   Compiled by Amresh Anjan Jobs Galore… Coming Soon! As the corporate India is on a mission to fast-track the recruitment process, the job market in the country is revving up, proving it to be the most optimistic nation in terms of hiring plans. Expected to invest $250 billion over the two years, close to a million new jobs are likely to be added by the organized sector in 2011-12. In January, job opportunities in the country improved across most sectors and it is expected to gain momentum in the coming months. The IT sector, whose growth had dived to single digits in 2008, is back on track. Tata Consultancy Services (TCS) has announced that fresh engineering graduates with a good academic record can directly appear for interviews, skipping the entrance test that other applicants have to take. In the current hiring season, TCS plans to make offers to a total of 37,000 fresh graduates. The company has already made offers to 23,500 graduates from 171 colleges in the current hiring season. Come to Cognizant now. The Nasdaq-listed information technology firm recruited 25,000 people in 2010 and has plans to take another 25,000 people in 2011 as well. Aegis, the BPO arm of $15 billion Essar Group, also has planned to add about 11,000 people all over the world, including India, during the fiscal 2011-12. That's not all. Job opportunities are available in various other sectors such as hospitality, FMCG and so on. Source : 08-02-11   siliconindia.com   Compiled by Amresh Anjan Broke Air India Appoints Expensive Expat The country's national carrier, Air India, has appointed another expatriate for a big job at a time when it is unable to pay salaries of its existing employees on time. On February 8, the airline appointed Mr Rod Butchers as the general manager of the International Operations Control Center (IOCC), which has been set up at Delhi Airport's T3, to streamline AI's international flight operations. According to sources, Mr Butchers has been hired at a salary of $20,000 (approx Rs 9 lakh) a month. AI officials said that Butchers's appointment is a short-term measure to set up the IOCC, which was announced two months ago. Source : 11-02-11   Hindustan Times   Compiled by Amresh Anjan Firms Eye Gujarati University Students After the Indian Air Force, which recently hired 57 Gujarat University (GU) students for different jobs in the armed forces air wing, it is now the corporate sector which has shown interest in recruiting students from the university. Under GU's 'Campus to Career' initiative, 460 students were recruited for different jobs by a number of corporate giants. Vodafone, Reliance Communication, Pizza Hut, Fullerton and Kotak Insurance were among the nine companies which hired students. According to the sources, the firms have shown interest in recruiting more of the university's graduates. The students have been hired for different kinds of jobs ranging from service associates to senior processing officers. The salaries offered similarly range from Rs70,000 to Rs4 lakh per year, the sources revealed. Source : 07-02-11   DNA   Compiled by Amresh Anjan Air India Express COO Mr Pawan Arora Sacked From His Position Mr Pawan Arora, the embattled chief operating officer of Air India Express, has been removed from his post by the Union civil aviation ministry. The orders for removal of Mr Arora, one of the three men handpicked by COO of Air India Mr Gustav Baldauf to turn around the airline, came last week. Last year, the airline had named Mr Pawan Arora as COO of Air India Express, Mr Stefan Sukumar as the chief of training and Mr Kamaljeet Ratan as the head of corporate communications — and these appointments were seen strengthening the hands of Air India's Mr Baldauf. Despite a series of objections emerging soon after his appointment, Mr Arora was continuing with his duties as the COO of the low-cost arm. Source : 12-02-11   DNA   Compiled by Amresh Anjan Delhi Govt Approves Three-Fold Hike In Salaries For Judges Effecting an over three-fold hike in the salary of district-level judicial officers, the Delhi government has approved the implementation of the E Padmanabhan Committee report, which was submitted to the apex court in July 2009. The report had recommended the revision of salaries of subordinate judicial court judges across the country. Delhi Law Secretary Mr SP Garg and the Lieutenant-Governor cleared the file for the revised payscale. The new scale, which will come into effect from January 1, 2006, has already been enforced in many states, and the Delhi government is working out the modalities for its implementation. Source : 13-02-11   The Indian Express   Compiled by Amresh Anjan Govt Mulls Major Changes In Labour Law In order to make for a work force that is flexible and work hours that can be extended, the government is planning major changes in the Factories Act, 1948. A significant proposal in the law governing working hours and safety of workers means doubling the number of hours a worker can be made to work over time (OT). An amendment proposed calls for 100 hours of OT in a quarter, from the present 50 hours per day. It also proposes to raise the 75 hour bar (including the first 50) in case of exigencies to 115 hours in a quarter - maximum hours of OT an employer can extract from worker, without permission from labour officials. He can squeeze 10 more OT hours, with permission. The law and international conventions does not allow more than eight hours of regular work per day but there can be two hours of over time per day, for which the worker is paid double the normal rate. Another proposal is to allow women work during the nights, which is prohibited now in factories. Though such proposal was introduced in Parliament in 2005, it has not been implemented till now. The labour unions want assurance of doorstep drop back in place of nearest point to home. Call centres, BPOs - where women work in night hours - are governed by the Shops and Establishment Act. The move comes at a time when Indian industry needs more hands to support its expansion and nation economy - but lacks a skilled work force. Source : 10-02-11   Hindustan Times   Compiled by Amresh Anjan Edelweiss To Go On A Hiring Spree Financial services major, Edelweiss Group is planning to add 30, 000-40, 000 people in the next three to five years to expand its presence in businesses like insurance, mutual fund, housing loan and other retail-focused markets, its chairman Mr Rashesh Shah said. Source : 07-02-11   Hindustan Times   Compiled by Amresh Anjan More Jobs For Poor In Next 10 Years, Says Innovation Council National Innovation Council (NIC) said that it would generate large-scale employment for the poor, especially in rural areas of the country in the next 10 years. The council is in the process of selecting domain experts and stakeholders to prepare a roadmap for the project. "Although we have already prepared a 10-year roadmap, but the basic thing is to generate massive employment for the poor and to create an ecosystem for them during the decade. So, we need to look at various sectors with people having an entrepreneurial mindset," said an NIC member. In August 2010, Prime Minister Mr Manmohan Singh had approved the establishment of the council with a mandate to prepare a roadmap for the "Decade of Innovation (2010-20)" by evolving a model of innovation, focusing on inclusive growth and creating an appropriate ecosystem. Source : 07-02-11   The Financial Express   Compiled by Amresh Anjan Tulip Telecom Names Mr Rahul Ahuja As CFO Tulip Telecom Limited (Tulip), India's leading Enterprise Data Services provider, has named Mr. Rahul Ahuja as its new Chief Financial Officer (CFO) with immediate effect. Mr Rahul Ahuja is a Chartered Accountant with more than 15 years of experience in Corporate Banking and has previously worked with Bank of Nova Scotia, GE Capital, Standard Chartered (SCB) and Barclays Securities. Previously, he was the team leader for the middle market business for North India at Standard Chartered. Source : 07-02-11   indianinfoline.com   Compiled by Amresh Anjan Microsoft India Chief Steps Down Microsoft India Chairman and Corporate Vice President Mr Ravi Venkatesan has stepped down, Microsoft said. Mr. Venkatesan has decided to take up opportunities outside Microsoft, the company said in a statement. A successor will be appointed in the near future and Mr. Venkatesan will partner Microsoft International President Mr Jean-Philippe Courtois to ensure a smooth transition with his successor, the statement adds. Source : 11-02-11   The Hindu   Compiled by Amresh Anjan Komli Media Promotes COO Mr Prashant Mehta As CEO Online advertising firm Komli Media Pvt Ltd has promoted the current Chief Operating Officer Prashant Mehta to the position of Chief Executive Officer. He will take over the reins from the company founder Mr Amar Goel, who will continue as Chairman of the Board. With this move, Mehta also joins the board of directors of the company. Source : 08-02-11   moneycontrol.com   Compiled by Amresh Anjan Sify Tech Names Mr David Nishball As Chief Strategic Officer Sify Technologies Limited, a leader in Enterprise and Consumer Internet Services in India with global delivery capabilities, has named Mr David Nishball as their Chief Strategic Officer. Mr Nishball in his new role will work closely with the Chairman and MD to drive the strategy to maximize Sify's global market opportunity and delivery footprint, expand the current portfolio of products and services and drive momentum to become a major global ICT player. Mr. Nishball will also assist in guiding and catalyzing the company through its growth phase by tapping into new global venture opportunities. Source : 11-02-11   indiainfoline.com   Compiled by Amresh Anjan Citi India Appoints A New Advisory Board Citi India announced a new advisory board to be chaired by Mr Vistor Menezes, former senior vice chairman of Citigroup Inc. The other four board members include – Mr Pradeep V Bhide, former secretary, department of revenue, Mr Anil Menon of Cisco Systems, Mr Harish Manwani, of Unilever and Mr Nanoo Pamnani, former CEO of Citibank India. Source : 11-02-11   Hindustan Times   Compiled by Amresh Anjan

Fwd: HR Articles: Mar-11 (Part-1)

For more article, Visit at : www.amreshanjan.co.cc   Employee Retention Becomes A Key Challenge For IT, BPO Cos According to an industry expert, information technology (IT) companies and BPOs are seeing large-scale attrition of talented employees, making retention of critical manpower resources a key challenge going forward. Fidelity National Financial India Country Head Mr Sameer Dhanarajani says IT companies and BPOs are witnessing a major talent crunch. "The macro effect is balanced by one company losing its critical staff to another and a company getting critical resources in return. But aligning them to the organization still remains a challenge," he said, adding there are hiring, training and maintenance costs associated with a new inductee, irrespective of the place in the hierarchy that the person assumes. Source : 31-01-11   news.oneindia.in   Compiled by Amresh Anjan Bank Of America Chief Gets $10 Million Pay Though it was a tough year for Bank of America, what with the foreclosure mess and a sagging stock price, its chief executive, Mr Brian T. Moynihan, received $10 million in his first year on the job. Mr. Moynihan will get a bonus of $9.05 million in the form of restricted stock, along with a base salary of $950,000, bringing his total pay to $10 million for 2010. In 2009, before Mr. Moynihan took over as chief executive, he received a total of $6.1 million in compensation. His base salary did not go up, however, and he received no cash bonus, a reflection of Bank of America's slow recovery from the financial crisis, when it received two bailouts from Washington totaling $45 billion. Source : 31-01-11   nytimes.com   Compiled by Amresh Anjan Attrition Levels To Haunt Firms In Bangalore, Says A Survey The attrition levels in Bangalore are set for a steep hike during this quarter (January to March, 2011). This is possibly an indication of the hiring picking up in the city. Hiring in IT/ITeS, heathcare and pharma sectors has been more than that in the other sectors. The attrition today stands at 17.24 points, as per the Employment Outlook Report for the January-March quarter of 2011 brought out by the TeamLease Services Private Limited, a staffing company. On the other hand, the report said, there is no significant difference in hiring, except for the IT and ITeS sectors, as employers are still cautious despite the improvement in business outlook. The Employment Outlook for the quarter has moved up 1 per cent and stands at 69 per cent. The Business Outlook Index has risen by 2 per cent to 73 index points. Source : 01-01-11   Business Standard   Compiled by Amresh Anjan Increase In Black Money To Increase Hiring At Enforcement Directorate (ED) The Enforcement Directorate (ED), which keeps account of overseas transactions and money laundering deals, is ready for a major organisational expansion. The move aims at enabling the ED to cast its net wider for money allegedly stashed away in secret bank accounts in overseas tax havens. The department, whose importance had ebbed in the 1990s after India did away with a host of forex-related restrictions, is now brimming with new vigor. ED's staff strength is set to nearly triple from the current 813 to about 2,100 over the next year, government sources said. ED, which is under the administrative control of the finance ministry's revenue department, is tasked with investigations of alleged violations in Foreign Exchange Management Act (FEMA) and the Prevention of Money Laundering Act 2002. It monitors remittances of Indians through non-banking channels, illegal acquisition of foreign currency, non-repatriation of export income, unauthorised maintenance of accounts in foreign countries, manipulation of export income and import payments, siphoning off of foreign exchange against fictitious and bogus imports and hawala transactions among others. Around 1,300 additional posts will be created at all levels in the directorate to widen its staff network. The number of special directors will be doubled to six. The directorate will operate out of 32 zones in the country, instead of the current 10. This will ensure ED's presence in almost all state capitals. Source : 01-02-11   Hindustan Times   Compiled by Amresh Anjan World Cup And Party Time At Firms! For India Inc, corporate HR or customer retention now includes box seats or club house tickets for the International Cricket Council (ICC) World Cup. That's not all, it also includes airport pickups, drops, star accommodation and even some cricket merchandise. Move over Indian Premier League (IPL), cricket's biggest carnival is hitting the subcontinent in less than three weeks. And our corporates are lapping up tour packages that are centered around the tournament. From MNC food and beverage companies to Indian cricket crazy banks, from Microsoft to HDFC Bank, from Citibank to Coca Cola, Pepsi, Castrol or Canon, these are either incentives for their senior and mid level managers or gifts for key clients that can each come with a cool Rs 50k tab. "These companies are buying tickets to incentivise their senior managers, sales target achievers and distributors, too. Few companies have also bought tickets for their VIP guests," said an agent who is doing bulk booking for these companies. Source : 31-01-11   Business Standard   Compiled by Amresh Anjan IBM Staff To Receive $1000 Stock Bonus As part of its centennial celebrations, IBM said it will offer $1,000 worth of shares to its over-one-lakh employees in India. The technology giant, which will celebrate a hundred years of existence on June 16 this year, will give each of its employees globally a $1,000 stock bonus. IBM employees globally, except those at the executive level, will receive $1,000 in stock bonuses, according to an IBM spokesperson. He refused to comment on IBM's India headcount, since the company does not disclose country-level employee numbers. Industry analysts peg the firm's India strength at over a lakh. IBM has 4 lakh employees globally. "The company is still working on the eligibility criteria for the bonus. However, one of the criteria is that the person has to be an employee (full-timers and part-timers included) of IBM or its wholly-owned subsidiaries before December 31, 2010," he said. Source : 01-02-11   Business Standard   Compiled by Amresh Anjan German Jobless Rate Plunges To Lowest Since 1992 Joblessness in Germany dropped more than expected in January to leave the unemployment rate at its lowest level since March 1992, data showed, fuelling hopes that consumer spending will help underpin the country's economic recovery. "Jobs paying into the social security system and overall employment increased considerably and the demand for workers continued to increase," said Mr Frank-Juergen Weise, the head of the Federal Labour Office said. Unemployment dropped by a seasonally adjusted 13,000 and the rate to 7.4 percent, the Labour Office data showed. A poll by Reuters had forecast a median drop of 10,000, with the unemployment rate staying steady at 7.5 percent and jobless numbers at 3.3 million. Continued job growth plays a critical element in economists' forecasts for a consumer spending rebound in Germany this year, since recent data suggests already employed households are not confident enough yet to finance more purchases by dipping further into their nest eggs. Barring a sudden reversal in behaviour, economists expect consumption to rise in line with the number of new entrants into the German workforce. Source : 01-02-11   reuters.com   Compiled by Amresh Anjan Campus Placement With A Difference - India Inc On Hiring Drive At Tihar Jail! The potential employees are prisoners in Tihar jail, who have received vocational and professional training while serving their terms, once they are released. In a first, ten top private firms and banks will conduct a recruitment drive at the jail to pick suitable persons from the shortlisted 50 inmates who will figure in the placement for jobs. Some of these inmates are highly educated with a few of them have MBA and MCA degrees. According to a jail official, a few of these inmates have been convicted for murder and rape and most of them are behind bars for petty thefts. The official said IDBI Bank, Vedanta Group, Sterlite Foundation, Agarwal Packers, Jindal Steel and Flex shoes are among the companies which will carry out the "campus selection" of prisoners, who have received technical and vocational training while serving their term at the jail. The jail authorities decided to go for the placement drive after they realised that even after reforming prisoners and making them professionally qualified, they do not get a job after release due to their criminal background. This job placement is being done to help the prisoners earn and live with dignity. Source : 04-02-11   rediff.com   Compiled by Amresh Anjan Mr U K Sinha Named As SEBI Chief Three years ago, he had lost out in the race when the Finance Ministry had rallied its weight around Chandrasekhar Bhaskar Bhave for the job of securities market watchdog. However, this time U K Sinha was the preferred choice of the Prime Minister's Office which on Thursday formally announced his appointment as the 8th chairman of SEBI. Sinha, who at present is the Chairman and Managing Director UTI Asset Management Co Ltd, and also heads Association of Mutual Funds in India (AMFI) as its chairman, will formally take charge of Securities and Exchange Board of India (SEBI) on February 18, for a period of three years. However, the new norms allow him to be in office for five years till the time he retires at 65. Source : 04-02-11   expressbuzz.com   Compiled by Amresh Anjan Barclays Axes 285 UK Jobs Transferring Back Office Roles To India Barclays is slashing another 285 jobs, on top of 1,000 announced last week, as a result of a decision to transfer call centre and back office roles to India. The roles are being shed by the Northampton-based credit card arm Barclaycard and prompted anger from officials at union Unite. Mr Rob MacGregor, Unite national officer said: "At this time of economic uncertainty why isn't this UK finance company doing all it can support its workforce in the UK, not telling them their work will now be done in India. Unite will now be challenging Barclays to ensure that the bank offers redeployment opportunities for all those impacted by the decision." Unions said the roles were spread across the country with 77 job losses in Northampton, 11 in Teesside and 197 in Wavertree, Merseyside. Barclaycard said the majority of the roles would be offshored to India, where the bank has operations in Chennai and Mumbai. Source : 02-02-11   guardian.co.uk   Compiled by Amresh Anjan Expat Hiring At CXO Level Rises In The Alternative Energy Space Expat hiring at the senior management level has increased significantly in the alternative energy industry. Increasing focus on green jobs, dearth of skilled local professionals, more investment in these sectors and competitive compensation are driving the trend, according to industry experts. "We are hiring expats, mainly at CXO level for solar energy, environment safety, and sustainability sectors. Good CXOs are in short supply in Indian market. In markets outside, there is more sophistication on environmental issues," said Mr K Sudarshan, international managing partner (India) at global executive research firm EMA Partners. "In businesses such as alternative energy, airlines, infrastructure and insurance, which are still relatively new to the private sector in India, the dependence on expatriate talent is high and will continue to be so in the near future," Mr Sudarshan said. In the Indian market, the salary offered to expat CXOs for green jobs would be typically in the range of $300,000 - $400,000, according to an industry expert. Source : 02-02-11   mydigitalfc.com   Compiled by Amresh Anjan Novatium Gets New CEO IT company, Novatium has appointed Mr Anurag Agrawal as its Chief Executive Officer (India operations) with immediate effect. Mr Agrawal will be responsible for driving overall growth of Novatium in India, a company statement said. "Novatium's cutting edge products and superior technology have made it a runaway success. I am delighted with the opportunity to lead Novatium in this exciting and dynamic new age business and look forward to working with the team", Mr Agrawal said. Source : 03-02-11   news.in.msn.com   Compiled by Amresh Anjan Ms Sonia Lal Is Mudra Max VP – OOH, South Mudra Max (Integrated Engagement & Experience), a part of the Mudra Group, recently named Ms Sonia Lal as the Vice President for its Outdoor division- South India. Before this, she was with the Bangalore based company Serve & Volley- Media Division as Business Head. Announcing the appointment, Mr Mandeep Malhotra, President, Mudra Max-OOH, said, "Sonia brings on board business experience and market understanding. She also carries the confidence of media owners which is essential for this business. Her passion and well understanding of business makes her a strong OOH person at Mudra Max." Source : 03-02-11   bestmediainfo.com   Compiled by Amresh Anjan CSS Corp To Get On Hiring Mode Next Fiscal IT major CSS Corp is all set to go on a hiring spree in the next financial year. The firm plans to hire about 1,500 employees in FY12. Presently, the company has around 5,000 employees, serving at various locations, report mentioned. "The company has also announced its global expansion with the setting up of a new unit in Mauritius on February 9," it added. CSS Corp is already operational in four countries which are India, US, Philippines and Poland. Source : 04-02-11   moneycontrol.com   Compiled by Amresh Anjan RBI Announces The Appointment Of New ED The Reserve Bank of India announced the appointment of Mr S Karuppasamy as executive director. As executive director, he will look after department of expenditure and budgetary control, department of information technology, legal department and urban banks department. Source : 03-02-11   Business Standard   Compiled by Amresh Anjan Nivea India Names Mr Rakshit Hargave As MD FMCG firm Nivea India said it had appointed Mr Rakshit Hargave as managing director of its Indian operations with effect from January, 2011. Mr Hargave was previously the Chief Operating Officer of Lakme Lever and has also worked with Jubilant Foodworks (Dominos Pizza) and Nestle India. Source : 02-02-11   Business Standard   Compiled by Amresh Anjan Mr Sandeep Asthana Appointed As Sun Life Financial India's New Country Head Sun Life Financial Inc named Mr Sandeep Asthana as the country head of Sun Life Financial India. He takes over from Mr Venky Mysore who recently took over as IPL cricket team Kolkata Knight Riders' CEO and Managing Director, according to a press release. In the new role, Mr Asthana will be responsible for managing the relationship with Sun Life's Indian joint venture partner, the Aditya Birla Group, the release said. Source : 31-01-11   news.oneindia.in   Compiled by Amresh Anjan