Indian IT Staff In Japan May Get To Return Home As quake-hit Japan finds itself in a nuclear emergency, Indian IT professionals working in software majors like Infosys, Wipro, TCS and HCL Technologies in the island nation have been given a choice to return home. The big four together have over 1,000 software professionals based in Japan. We are continuously monitoring the developments in Japan. However, we are giving an option to families of employees to return to India and we will help facilitate the same," said Saurabh Govil, Senior Vice-President, HR, Wipro Technologies. Infosys spokesperson said that recent reports on Japan's nuclear reactor do warrant concern. "We are taking appropriate action to keep our employees safe. In cases where employees and their families have expressed a desire to return temporarily to safety we are facilitating their travel," the Infosys spokesperson said in a statement.
Source : 16-03-11 Hindustan Times Compiled by Amresh Anjan
XIMB To Roll Out Global Programme In Sept-11 Xavier Institute of Management-Bhubaneswar (XIMB), one of the premier B-schools in the country, has decided to roll out a one-year Global Management programme from September this year. This full-time, interactive management programme, spanning across three continents- Asia, Europe and USA, will be offered by XIMB in collaboration with Antwerp Management School and Fordham Graduate School of Business-New York. Under this unique programme, the students will spend four months each at XIMB, Antwerp Management School and Fordham Graduate School of Business-New York.
Source : 16-03-11 Business Standard Compiled by Amresh Anjan
Disabled Jawans Cannot Be Sacked In a landmark ruling that would benefit lakhs of defence personnel who are disabled after suffering injuries while on duty and are mercilessly dismissed from service, the Delhi High Court said it just cannot be done unless they are found unfit for any job. Sending a copy of the judgment to the home ministry, the court asked it to "be more rational and logical" and ensure that paramilitary forces frame a uniform policy while dealing with disabled personnel. A bench headed by Justice Pradeep Nandrajog directed identification of less strenuous job for handicapped jawans. The court said, "The home ministry shall take a policy decision in this regard. They are to be rational and logical and frame uniform policies pertaining to rehabilitation and/or retention in service of all personnel serving under different central paramilitary forces".
Source : 17-03-11 Hindustan Times Compiled by Amresh Anjan
Lenovo India Appoints A New Marketing Head Computer hardware manufacturer Lenovo India has appointed Shailendra Katyal as the Marketing Head. Earlier, Mr. Katyal was category head, personal care brands, Marico. In an official communiqué, the company says that Mr.Katyal will handle the Lenovo master brand and lead marketing activities for the three business segments - consumer, relational and SMB (small and medium business). His primary mandate will be to aggressively grow Lenovo's brand preference in the consumer and SOHO (small office, home office) segments.
Source : 18-03-11 Afaqs.com Compiled by Amresh Anjan
Bank Of America Names Mukesh Ambani To Its Board Bank of America Corp (BofA) named its first non-American board member, Mukesh Ambani, as a director of the largest U.S. bank by assets. His appointment is the latest step in Bank of America's transformation into a more globally-focused company after acquiring investment bank Merrill Lynch & Co in 2008. At its investor day on March 8, the bank's management team stressed the company will continue expanding its operations overseas after focusing for years on domestic banking. Mr. Ambani becomes BofA's 14th director and will stand for election at the bank's annual meeting in May.
Source : 18-03-11 SIfy.com Compiled by Amresh Anjan
Tesco Planning To Transfer More Jobs To India Tesco plans to move hundreds of jobs to India to support its central European operations According to the Economic Times, the jobs will be shifted to its unit in Bangalore - Tesco Hindustan Service Centre (THSC) - in an effort to cut costs. The THSC carries out a host of technology and business-intensive projects to enhance the operations of Tesco's worldwide chain of stores. The centre, which was established in 2004 and has around 4,500 employees at present, provides IT services, finance, accounting, design, research and analytics services and processes the payrolls of thousands of Tesco employees globally.
Source : 17-03-11 kamcity.com Compiled by Amresh Anjan
Career Satisfaction At Workplace, A Study By Accenture A research done by Accenture explored career satisfaction, aspirations and factors for career advancement of professionals to help create new opportunities and achieve job satisfaction for employees . The study was conducted in November 2010 and surveyed 3,400 business executives from medium to large organizations across 29 countries, including 100 from India. According to those surveyed in India, 38 per cent are satisfied and not looking for new job opportunities and a close 37 per cent are looking for job opportunities outside the company. Germany ranked highest with 64 per cent satisfied with their current job. Also countries like China (40 per cent); Brazil (41 per cent); US (47 per cent) and UK (38 per cent) of those surveyed were satisfied with their current jobs and not looking out for new opportunities.
Source : 16-03-11 Deccan Herald Compiled by Amresh Anjan
GE To Invest $50m In R&D In India GE Healthcare has introduced two small, affordable cardiac care products, designed and developed in India for the Indian market. The company, which anticipates $400 million revenue from India in 2011, said it will invest about $50 million in R&D over 3 years to develop India-specific products. According to the company, the two products, GE Mac 600 and GE Vivid P3, are lower in price by 80 per cent, and 50 per cent, respectively, compared with similar quality and performance products, and are manufactured without compromising on clinical capability.
Source : 17-03-11 Financial Chronicle Compiled by Amresh Anjan
Medtronic To Hire 600 People In India Leading U.S medical device maker Medtronic plans to hire more than 600 people in India as the company expects business from emerging markets to increase in the coming years."We plan to increase head count in India from current 235 employees to 850 over the next five years," a spokesperson, from the company's headquarter in Minneapolis said.The American major has a high growth rate of 15 to 30 per cent in emerging markets including India. About 9 to 10 per cent of the company's total revenues are from emerging markets and this is expected to go up to 20 per cent in the next ten years, the spokesperson said."Hiring (in India will be) in all areas with a view to increasing patient access," he said. Medtronic has been present in India for over three decades and is headquartered in Mumbai. The company also has nine regional offices across the country including in Delhi, Ahmedabad, Kolkata, Hyderabad, Bangalore and Chennai, according to its website.
Source : 13-03-11 Indian Express Compiled by Amresh Anjan
Air India To Probe Licences Of All Its Pilots Air India has constituted a three-member committee to check the qualifications of all its pilots after a news channel exposes how a pilot is flying the national carrier using forged papers. Civil Aviation Minister Vayalar Ravi said that all those including any insider involved in the fake pilot licence scam would not be spared.Former Air India Executive Director (Communication) Jitendra Bhargava said that the airline faces enormous pressure in the selection of pilots and sometimes money plays a huge role.
Source : 15-03-11 CNN IBN Compiled by Amresh Anjan
Vijay Kumar New COO of Sun TV Mr. Kalanithi Maran promoted Sun Television Network has appointed Mr K Vijay Kumar as its Chief Operating Officer (COO).Mr Kumar, joined Sun TV in 1993 as Senior Vice President at the network. His appointment would take effect immediately as he replaces Mr Ajay Vidyasagar who has recently resigned from the post
Source : 13-03-11 Hindu Business Line Compiled by Amresh Anjan
Volkswagen India MD's Quits As Europe's largest auto manufacturer, Volkswagen, looks to enhance its market footprint in India, the company continues to witness the exit of two senior level management. Former deputy managing director and the public face of Toyota Kirloskar Motor K K Swamy, who was brought on-board to oversee and assist the India operation, has quit. Elevated to managing director and vice-president at Volkswagen India after quitting Toyota in mid 2008, he served the company for just about 30 months after being at Toyota Kirloskar for nearly 10 years. Makham Dhalivaal, appointed managing director of Volkswagen passenger cars (India) just after Swamy's appointment, is also believed to have quit the company. Mr. Dhalivaal who was the global director of network development at Bentley Motors had replaced Andreas Prinz at Volkswagen India. He was largely associated with the launch of the Jetta, a D-segment car introduced in 2008.
Source : 19-03-11 Business Standard Compiled by Amresh Anjan
Inflation Effect: Entry Level Salaries Go Up 40% With day-to-day living turning costlier, companies have raised salaries by as much as 40 per cent especially at junior levels, say experts. In recent times, inflation has been at high levels due to soaring prices of essential commodities."Inflation has affected the salary hikes towards the higher side," says executive search firm GlobalHunt's director Mr. Sunil Goel .Last month, inflation climbed to 8.31 per cent as compared to 8.23 per cent in January. Food inflation stood at 9.42 per cent in the week ended March 5.As such, attrition rates along with inflation had prompted companies to enhance the overall basic salary structures by "15-20 per cent at all the employment levels", Gi Staffing Services' Branch Head (Mumbai) Swapnil Jain said.
Source : 21-03-11 NDTV.com Compiled by Amresh Anjan
Strong Economic Data Points To More Hiring In US Factories are producing more cars, computers and household appliances, and applications for unemployment benefits over the past four weeks are at the lowest point since summer 2008.Economic data released in March will be the second straight month of strong job growth. These reports have helped Wall Street rebound a day after the market suffered its biggest drop in seven months."We have a lot of momentum in the U.S. economy right now," said Kurt Karl, chief economist at Swiss Re. "That's good, particularly since we're going to be challenged by higher oil prices" and the impact of Japan's earthquake and nuclear crisis. A key reason for the brighter outlook is that factory production increased in February for the sixth straight month. The Federal Reserve said production of cars and auto parts jumped 4.2 percent, nearly matching January's gain. Production of furniture, electronics and appliances all rose. Manufacturing output has grown in all but four months since the recession ended in June 2009. And manufacturers have created 190,000 jobs over the past year, the highest 12-month total for that group since 1998. Last month alone factories added 33,000 net new jobs.
Source : 21-03-11 Sify.com Compiled by Amresh Anjan
Infosys Not To Shut Japan Operations IT major Infosys Technologies has informed that it will not be shutting down its office in Japan and will continue to service clients via their off-shore locations including India, Shanghai and Singapore. So far, more than 200 of its Indian employees have returned and the remaining staffs including local employees have been given the option to work from home and their office in Osaka.Infosys, which has over 400 employees located out of Tokyo, Nagoya and Osaka, sees minimal impact on its business from the recent crisis in Japan as its exposure to the region is about 1% of its total revenue. S Gopalakrishnan, chief executive, Infosys, said "The direct business impact from the Japan crisis will be minimal on revenue and over a period of time but we don't see an immediate impact. However, the company is also concerned about an indirect impact globally on IT spends if the Japanese nuclear crisis is a sustained problem.
Source : 16-03-11 Financial Express Compiled by Amresh Anjan
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