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CII Survey Says India Inc. Employs 18% Dalits In the first such mapping exercise of its kind, industry body Confederation of Indian Industry (CII) has found that as much as 18 per cent of the work-force of its member companies are Dalits. Internal surveys by CII revealed that about 16.2 per cent of the work force in the South, 22 per cent in the North, 16 per cent in the West and 24 per cent in the East are Dalits.On the face of it, these numbers sound positive, but as Mr. Muthuraman, Vice Chairman Tata Steel pointed out that most of them are employed in lowest grade jobs in companies and their numbers in the managerial and other higher posts are minimal or negligible Source : 25-04-11 Hindu Business Line Compiled by Amresh Anjan
Attractive Salary Hikes In Store For IT Professionals: Experts IT industry is likely to witness attractive salary hikes and job offers for experienced professionals, resulting in high attrition over the next few quarters as demand for talent will outstrip supply, say experts."It looks like a talent war among the IT companies, where people hold multiple job offers and try to select the best firm. And companies are also making efforts to select best talent pool for their requirements," said Mr. Sunil Goel, Director, GlobalHunt, an executive search firm. Echoing similar view, staffing services firm Manpower India Head (Sales and Marketing), Mr. Namr Kishore said, "In India, demand far outstrips genuine qualified supply. Companies are vying for the best talent and are ready to offer hefty packages for the same, luring the employees to switch jobs at a swift pace."Wage hikes have been very good in IT companies this year. It has been 15-25 per cent. And for niche and critical skills, companies have given 30-45 per cent hikes while recruiting or retaining talent for specific projects. Source : 29-04-11 The Hindu Compiled by Amresh Anjan
Adidas Appoints Subhinder Singh Prem As Head Of India Operations German sportswear giant Adidas said it has appointed Mr. Subhinder Singh Prem, currently managing director Reebok India, to head its India operations as part of a top level management restructuring. The current Adidas India managing director Mr. Andreas Gellner will take over responsibility as managing director, South East Europe, with effect from May 1, 2011
Source : 02-05-11 Financial Express Compiled by Amresh Anjan
Aricent Appoints Mr. Madhwesh Kulkarni As Vice President Telecom solutions and services provider Aricent has appointed Madhwesh Kulkarni as the Vice-President of Engineering and Offer Management in the Carrier Services and Solutions (CSS) Strategic Business Unit (SBU).Mr Kulkarni will be responsible for building a global team of strategists, consultants, and engineers to deliver innovative solutions and services to carriers across the globe, the company said in a statement today.Prior to this, he was working with Wipro serving as General Manager — APAC, Communications and Media Business and Head of Communications Consulting Practices, it added. Source : 27-04-11 Hindu Business Line Compiled by Amresh Anjan
Nokia To Slash 7,000 Jobs Worldwide Global mobile phone handset leader Nokia, smarting under pressure in a smart phone challenge it faces from rivals such as Apple, Samsung and phones based on Google's Android platform, said that it has planned to slash up to 300 jobs in India as part of a worldwide cut in headcount by 7,000. The job cuts will take place by the end of 2012. Nokia will directly lay off 4,000 people globally, while 3,000 jobs would be moved to US major Accenture that would take care of Nokia's Symbian software activities.
Source : 28-04-11 Hindustan Times Compiled by Amresh Anjan
Hiring To Gain Momentum: Teamlease The hiring activity, led by IT, IT-enabled services and telecommunications sectors, is set to gain further momentum during the April-June period, the staffing solutions company TeamLease Services said in its Employment Outlook Report. Hiring intent has picked up at all levels that include entry, middle and senior level positions. "The SMEs (small and medium enterprises) are looking to hire in junior and mid-levels as they expand across locations while large companies are intending to hire at senior levels," said Ms. Sangeeta Lala, senior vice-president, TeamLease Services.
Source : 27-04-11 Hindustan Times Compiled by Amresh Anjan
Panasonic To Axe 35,000 Jobs In Cost-Cutting Drive Panasonic said it was aiming to trim its workforce of 385,000 as of March 2010 to 350,000 over the next two business years, and that it set aside 110 billion yen ($1.3 billion) in restructuring expenses for the year to March 2012. "The figure is huge, but so is the company, and for an old-fashioned one like Panasonic, this is a big move," said Mr. Toru Hashizume, chief investment officer at Stats Investment Management in Tokyo."In the mid-term, the stock is priced low, it is around the level it was after Lehman, even though the current conditions are more favourable for Panasonic," he added, referring to the collapse of Lehman Brothers in the global financial crisis. Once unrivalled, Japan's consumer electronic firms are facing increasing competition from cheaper Korean and Chinese producers in particular. Panasonic said its operating profit for the fourth quarter ended March fell by almost a third to 41 billion yen. It did not give a forecast for the current year because of uncertainties following last month's devastating earthquake and tsunami in Japan.
Source : 28-04-11 Business Standard Compiled by Amresh Anjan
BSNL Gets New Chief The government has appointed Rakesh Kumar Upadhyay as the chairman and managing director of state-owned telecom operator Bharat Sanchar Nigam Limited (BSNL). A search-cum-selection panel chose Mr. Upadhyay, the CMD of Telecommunications Consultants India Ltd, for the BSNL chief's post. Mr. Upadhyay is a 1975 batch officer of the Indian telecom services. He holds a B.Tech (electronics) degree from the Institute of Technology, Banaras Hindu University, and an MBA (marketing management) degree from Indira Gandhi Open University.
Source : 30-04-11 The Telegraph Compiled by Amresh Anjan
Mahindra Satyam Is Back On Hiring Spree Mahindra Satyam plans to step up hiring plans in the current fiscal as business sentiment improves for the Indian IT industry. "We plan to hire over 12,000 experienced professionals by the end of the fiscal year 2012," Dr M.V. Sridhar, the head of recruitment, Mahindra Satyam, told this correspondent. The company has already given offer letters to 5,000 freshers, who are expected to join in June. However, he said the lateral hiring would be spread over a year, with the recruitment of 1,000 people each month from across the world. Apart from the globally improved business sentiment, the company hopes to bag more clients as the IT major gained eligibility to bid for bigger projects following the restatement of its accounts. The Hyderabad-based company previously could not bid for some projects, which required certain financial pre-qualification Source : 29-04-11 Deccan Chronicle Compiled by Amresh AnjanHeavily Funded E-Commerce Firms On A Hiring Binge Kunal Bahl and Rohit Bansal, co-founders of Jasper Innovative Marketing Solutions Pvt Ltd, the owners of the group buying site Snapdeal.com, are on a hiring spree. The company's hiring plans are in full swing as it is currently adding 75 people every month. SnapDeal already has 400 employees in more than 30 cities and the company aims to double the headcount by the year end, said Jasper CEO Kunal Bahl.
Source : 28-03-11 VCCcircle.com Compiled by Amresh Anjan
Discovery Appoints Arun Thapar As VP Programming, India Broadcasting firm Discovery Networks Asia-Pacific (DNAP announced the appointment of Arun Thapar as Vice President (Programming) for its India operations. Thapar will be responsible for the overall planning, developing, and execution of programming strategies for DNAP's six brands in India. Thapar will be based in New Delhi and report to DNAP Senior Vice President and General Manager (India) Rahul Johri. In this new role, Thapar will also manage and lead all aspects of programming functions, including sourcing, on-air promotions, scheduling, and languaging for the networks' portfolio of brands in India, and will supervise the local programming team
Source : 27-04-11 Deccan Chronicle Compiled by Amresh Anjan
Rajendra Pawar Appointed NASSCOM Chairman National Association of Software and Services Companies (NASSCOM) announced that Rajendra S. Pawar has been named the new chairman of its Executive Council for the year 2011-2012. Pawar succeeds Harsh Manglik, chairman for the year 2010-11, and will take on his new role with effect from April 26, 2011, said a press release. Pawar has been a member of NASSCOM's Executive Council and is currently the chairman and co-founder of NIIT Technologies.NASSCOM also announced the appointment of N. Chandrasekaran, CEO and MD ofTata Consultancy Services, as the vice chairman of the Executive Council.As chairman of the Executive Council, Pawar will lead and assist NASSCOM in catalyzing the growth of the Indian IT-BPO industry and enabling the fulfillment of its future goals and aspirations, said NASSCOM.
Source : 25-04-11 CIOL.com Compiled by Amresh Anjan
Mr. Anup Bagchi Takes Charge As MD & CEO At ICICI Securities Anup Bagchi takes charge as the managing director and chief executive officer of ICICI Securities with effect from May 1, 2011. Bagchi will spearhead the company's initiatives in corporate finance - equity capital markets advisory services, institutional equities, retail equities which includes ICICIdirect.com. Madhabi Puri-Buch, presently managing director and CEO of ICICI Securities will move to ICICI Bank and proceed on a sabbatical for personal reasons. Prior to his appointment, Bagchi was the executive director at ICICI Securities. He was looking after the development and business growth of the retail broking, distribution of retail financial products and wealth management services. During his tenure of 17 years with ICICI Bank, Bagchi has held many key positions in field of retail banking, corporate banking and treasury.
Source : 29-04-11 Business Standard Compiled by Amresh Anjan
Indian CEOs Bullish On Growth For Next Three Years: PWC Survey Indian CEOs are as confident as their global peers on the outlook for revenue growth in the next three years. This was revealed in a poll of Pricewater House Coopers 14th annual Global CEO survey. Over 1,200 CEOs from 69 countries had participated in the survey. Much of their confidence is driven globally by targeting key markets, often in emerging economics, for growth. Nearly half the Indian CEOs felt that China would be one of the top three growth markets. While developed markets such as Germany, Japan and the US continue to be important. They also felt that economies such as Brazil, Indonesia, Vietnam and South Africa would be key destinations, and expect higher growth from Africa and Central Europe than from North America or Western Europe.
Source : 27-04-11 Business Standard Compiled by Amresh Anjan
India's Clean Revolution Promises Employment To 10.5 Million US President Barack Obama is banking on clean energy to create over 800,000 jobs by 2012. India's emerging green jobs sector too holds out the promise of 10,500,000 jobs by the end of the decade as investments in energy efficiency and renewable energy technologies soar.India's Clean Revolution, a report released last month by The Climate Group, a global environmental think tank, indicates that enormous potential exists for generating new income and jobs by developing domestic renewable energy resources and clean technologies in India. The right skills need to be developed, however, to help make the transition to a greener economy.According to the report, the wind sector, predicted to be worth Rs 60,000 crore in 2020, could create between 150,000 to 250,000 jobs. Similarly, the solar industry, predicted to be worth Rs 32,000 crore , could, by the same year, generate between 117,000 to 235,000 jobs. The small hydro and biomass sectors, meanwhile, are expected to be worth Rs 27,000 crore and Rs 32,000 crore respectively in 2020, resulting in similar estimates for job creation.
Source : 25-04-11 Financial Chronicle Compiled by Amresh Anjan
Ban On Women From Taking Up Jobs Withdrawn In Uttarakhand The diktat by a local panchayat in Uttarakhand's Haridwar district prohibiting women from taking up jobs has been withdrawn."Women in Godawali and Sarai villages of Haridwar district have started going to work in factories in the nearby industrial area after the ban on jobs was withdrawn by the panchayat," District Magistrate, Haridwar, Mr. lR Meenakshisundaram said. The panchayat had ruled that a woman can go to work only when at least one male member of her family also works at the same place so that she can be escorted by him. It had threatened that a woman found offending the decree would be whipped publicly and a fine of Rs 5,100 would be imposed on her family, which would also face social boycott from the community.
Source : 25-04-11 Indian Express Compiled by Amresh Anjan
TCS Headcount To Be Over 250,000 For 2011-12 Tata Consultancy Services will add 60,000 employees for the financial year 2011-12 taking its total headcount to 258,614. For 2010-11, the company's headcount was 198,614.Though 60,000 is lower than the employees hired in 2010-11, the company said in last financial year its hiring target was higher than the original target. For 2010-11, it hired a total of 69,685.TCS also announced a salary rise in the range of 12-14 per cent for offshore employees, the highest the company has announced in the recent past. Onsite employees, those working in the US and at client sites abroad, will see a salary rise of 2-4 per cent.
Source : 22-04-11 Business Standard Compiled by Amresh Anjan
IIM-C Sees Rs 2.2-Lakh Rise In Average Salary The average salaries on offer for students from the 2009-11 post graduate diploma in business management (PGDBM) batch at Indian Institute of Management-Calcutta (IIM-C) has gone up from Rs 15.4 lakh per annum last year to Rs 17.6 lakh per annum this year. "There has been an upward revision in the overall salaries on offer across sectors this year, which has translated into an increase in salary packages on offer," said the Chairperson, placements, Mr.Amit Dhiman. The lowest salary offered was Rs 7.5 lakh per annum among the three top IIMs- Ahmedabad, Bangalore and Calcutta. Mr. Dhiman, however, declined to reveal the highest salary for the batch, citing issues related to the variable component, which is high in the finance and the investment banking sector. The sector is also the highest-paying, offering more compared to consultancy and marketing.
Source : 21-04-11 Business Standard Compiled by Amresh Anjan
NSDC To Rope In India Inc For Skill Development Projects National Skill Development Corporation's (NSDC) — a not-for-profit body set up by finance ministry — is looking to rope in India Inc for its skill development projects in the country. NSDC is in talks with more than 15 top Indian companies, including Tata, Reliance, Bharti Airtel and Future Group. We are in talks with 10-15 top Indian companies to induct their officials, including the level of managing directors and chief executives into our skill development projects," an NSDC official said. He said sectors like textile and apparel, retail, hospitality, automobile, healthcare, construction, IT and ITeS would be the top priority. Learning solutions provider Everonn signed a joint venture agreement with NSDC and the JV deal aims to train over 15 million students by 2022.
Source : 19-04-11 Indian Express Compiled by Amresh Anjan
Manufacturing Generates Most Revenue Per Employee Indian firms make a profit of Rs 15 on revenue earning of Rs 100 per employee, according to Pricewaterhouse Coopers's (PwC) latest report on measuring human capital effectiveness. The report states that organisations make an investment of Rs 7,000 on learning and development (L&D) per employee and with an average remuneration of Rs 4.8 lakh and Rs 6 lakh of profit per employee, the human capital return ratio on investment is 1.79 for organisations in India. Among all sectors, engineering and manufacturing generate the most revenue and profits per employee followed by fast moving consumer goods (FMCG) and pharmaceutical sectors. The report is based on a survey of 37 firms across all sectors and gives a snapshot of how organisations that focus on maximising employee contribution are better positioned for growth.Also, organisations with higher revenue base incur 1.3 times higher cost per employee but also earn 1.4 times higher profit per employee organisations compared with lower revenue base companies .
Source : 19-04-11 Indian Express Compiled by Amresh Anjan
Company Health Cover To Pinch More Employees now need to get ready to pay more for the health cover provided by their company. While renewing group health policies, an increasing number of companies are opting for co-payment. This means a part of the claim amount has to be paid by the employees. Insurers, on their part, are offering discounts of 10-30 per cent on premiums to companies which opt for such policies. According to industry officials, more than 50 per cent corporate clients are going for co-pay policies, as group health policy premiums have risen by 25-30 per cent this year.The co-pay element works at various levels. It may be a percentage of the claim amount or a fixed amount the employee has to pay. There may also be a cap on the room rent, as other hospital expenses are usually directly proportional to this.For instance, if the amount to be paid by the employee is fixed at Rs 10,000, then for any claim, the share of the employee will be limited to Rs 10,000. The rest will be borne by the insurer. However, if employees have to pay a fixed percentage, say 20 per cent, they will have to pay Rs 10,000 for a claim of Rs 50,000.
Source : 16-04-11 Business Standard Compiled by Amresh Anjan
Renault-Nissan Appoints Kou Kimura As CEO & MD Renault-Nissan Automotive India Private Ltd (RNAIPL) today appointed Mr Kou Kimura as Chief Executive Officer and Managing Director for its Chennai manufacturing facility. Mr. Kimura was promoted to CEO & MD from his previous position of SVP-Plant Operations of Chennai facility, which he held since 2008.Kimura replaces Mr. Akira Sakurai who successfully steered Renault-Nissan Automotive India, operations in the initial phase of production, the company said in a statement.After two years as Chief Executive Officer & Managing Director of RNAIPL, Mr. Sakurai has now been appointed as SVP, Manufacturing & Industrial Engineering division at the Corporate Headquarters in Japan.
Source : 25-04-11 Financial Express Compiled by Amresh Anjan
Mr. Rakesh Singh To Head Investment Banking For HDFC Bank HDFC Bank, the second largest private sector bank in the country, has appointed Mr.Rakesh Singh as its Head of Investment Banking. Mr. Singh will be responsible for building loan syndication, project financing, corporate finance and advisory and debt and equity capital markets business. He will report to Mr. Harish Engineer, Executive Director. Mr. Singh is an MBA from IMT, Ghaziabad and has over 17 years of experience, largely on the debt side.He joins HDFC Bank from Rothschild, India where he was Managing Director and Co Head – Financing Advisory. Earlier, he has held key positions in Morgan Stanley, Merrill Lynch, Standard Chartered Bank and ANZ Investment Bank among other firms. His areas of expertise are debt capital markets, structured finance and financial advisory.
Source : 19-04-11 The Financial Express Compiled by Amresh Anjan
IT & ITES Sector To Add 183,000 Jobs At the beginning of 2010, the Ma Foi Randstad Employment Survey had predicted creation of 1 million jobs in the organized sector through the year. For 2011, they expect the trend to continue and estimate creation of 1.6 million jobs across various sectors. A large number of these jobs are envisaged to be happening in the healthcare, non-machinery manufacturing, hospitality, IT & ITeS and real estate & construction sectors. The IT & ITES sector is expected to add 183,000 jobs in 2011. IT & ITES sectors have remained as one of the major job providers during the fourth Quarter of 2010. The responses from the surveyed companies suggest that the sector will keep growing in 2011 as well. According to NASSCOM, the IT-ITeS industry is India's one of the largest employment generators in the organized sector creating jobs for over 10 million people both directly and indirectly.The spread of the IT-ITeS sector to the tier II and tier III cities has further widened the growth potential of the sector thereby generating more employment. Increase in number of Rural BPOs has also contributed to the sector's role in increasing employment across the country.
Source : 20-04-11 DNA Compiled by Amresh Anjan
Firstsource Solutions To Hire Over 500 At Its Hubli Centre Firstsource Solutions, a leading global BPO services provider, today said that it would hire over 500 customer service associates at its Hubli center. These associates will service the customers of two of India's leading telecom service providers, a press release issued here said. "We have been one of the pioneers to have recognised the potential and talent in smaller cities in India. We are committed to contribute to the growth of smaller cities by expanding our reach in the country and generating employment across," the company's EVP and Head of Asia Business Unit, Mr.Sanjay Venkataraman, said
Source : 19-04-11 ibnlive.in.comCompiled by Amresh Anjan
Mr. Rajendra Pawar Of NIIT To Be Next Nasscom Chairman NIIT Ltd co-founder and Chairman Mr.Rajendra S Pawar is set to become the new chairman of IT industry body National Association of Software and Services Companies (Nasscom) for the year 2011-12.Mr.Pawar, who was also one of the founder members of Nasscom, will take charge from April 27th onwards. He was also vice-chairman of Nasscom's executive council. Known for his entrepreneurial skills, Pawar will take on the role as the country's IT sector is back on the growth track after being hit by the global economic slowdown in 2008.
Source : 26-04-11 Business Standard Compiled by Amresh Anjan
Delhi Management Association and Accenture Management Consulting Organised A Two Day HR Summit Delhi Management Association in partnership with Accenture Management Consulting organized a 2 day HR Summit on the theme 'Leading for High Performance – Discovering People Strategies to drive growth – an Asian Perspective'.The summit was held on 14-15 April at Hotel Shangri La, New Delhi and had Harvard Business Publishing as Corporate Learning Partner, 'People Matters' as Magazine Partner and Wall Street Journal, Asia as Newspaper partner.The summit was a resounding success with speakers from countries across Asia; sharing their thoughts on the summit theme such as regional talent management practices, leading practices to unlock potential, industry specific quick wins, tools for high performance and others. The event in addition to providing practical day-to-day implementable practices for HR community also, presented a powerful opportunity to engage with business and HR leaders across industries in Asia.
Source : 16-04-11 dmadelhi.orgCompiled by Amresh Anjan
Vijay Rekhi steps down as MD of USL Vijay Rekhi stepped down as managing director (MD) of United Spirits Ltd (USL), and is likely to be replaced from within by Deputy President Ashok Capoor. According to company sources, Mr.Capoor will be the MD of India's largest spirits company, while Chief Financial Officer Mr.P A Murali is likely step into the role of joint president."I will continue to be a director of the company,"Mr. Rekhi said, without divulging details.Mr. Rekhi, who obtained his Masters in Business Administration from the Indian Institute of Management, Ahmedabad, in 1967, became the MD of the United Breweries Group's flagship alcohol beverage company in 2001. In the last 10 years, he steered USL to become the world's second-largest spirits company, next to Diageo, in volume terms.
Source : 20-04-11 Business Standard Compiled by Amresh Anjan
Coal India To Hire 1400 Executives Maharatna firm Coal India is set to hire 1,400 executives by October to bolster its workforce, ahead of crucial expansion and other projects."We will recruit about 1,400 management trainees by October this year and will flash advertisements for vacancies by early next month," a Coal India Ltd (CIL) official said.The selection process of the management trainees, to be hired for various divisions of the public sector firm like human resources, finance, marketing and sales among others, will begin in the month of May and will be completed by October, he said.
Source : 17-04-11 Financial Express Compiled by Amresh Anjan
Unilever Closes Final Salary Pension Scheme News Food and household goods giant, Unilever has become the latest firm to announce plans to close its final salary pension scheme. The Anglo-Dutch business, which makes many global brands including Dove soap and Magnum ice cream, said it would begin a 90-day consultation with staff over the scheme. The scheme has 7,000 members. The scheme which has a £680 million deficit, stopped accepting new members in 2008.The final-salary pension scheme was once seen to be an attractive perk that came with joining a large company. Similar schemes at Asda, Northern Rock, Aviva, Taylor Wimpey and Tate & Lyle have been closed by the respective managements as they were found to be too expensive to run, given that employees nowadays live much beyond what actuaries had envisioned.
Source : 13-04-11 Domainb.com Compiled by Amresh Anjan
IT, Manufacturing In Talent Tug-Of-War If the slowdown meant the information technology sector's loss and the manufacturing sector's gain in terms of acquiring engineering talent, it's déjà vu once again. The software field has always attracted the best of talent on the back of higher wages, lucrative on-site assignments and a five-day week, but when hiring slowed down over the past couple of years, engineering graduates gravitated toward manufacturing. However, this trend has been short-lived and the scales have tipped in IT's favour again. Consider this: India will probably witness 4,50,000 to 4,75,000 engineers graduating this year, of which almost half are expected to be hired by the IT industry."Around 2 lakh engineers and 20,000 MBAs and other graduates are likely to be hired by IT. Other industries will have a tough time finding good talent," says TV Mohandas Pai, director and HR chief, Infosys Technologies.
Source : 14-04-11 Indian Express Compiled by Amresh Anjan
Maruti Suzuki To Hire At Least 2300 People In The Next Three Years Maruti Suzuki India said it will hire at least 2,300 people, mainly for its upcoming two new plants in Manesar within the next two years. With induction of these people the company's workforce will expand by about 27% to nearly 11,000 employees. Mr. SY Siddiqui, Managing Executive Officer of Maruti Suzuki India told that "At this moment we are hiring a minimum of 1,500 people in this fiscal. These people will be taken on board for different verticals like manufacturing, marketing, supply chain and R&D."Maruti Suzuki India had announced to invest over INR 3,625 crore to set up the two new plants with 0.25 million annual capacities each at the Manesar facility. The company is aiming to open the second unit in Manesar by this year while the third one is scheduled to be operational in 2012 to 2013. Source : 13-04-11 PTI.com Compiled by Amresh Anjan
Samsung Raids Rivals For Talent Technology major Samsung has tweaked its hiring strategy in India by inducting executives from diverse sectors such as FMCG and IT for better collaboration across its business verticals and boost further growth. The company feels, given the already high revenue base it commands in the country, fresh approach in sales and marketing would be crucial to drive its next phase of growth in India."We are strengthening the organisation by inducting senior members in critical functions such as sales and marketing," said J S Shin, president and CEO, Samsung (South West Asia). "We have taken people from other sectors such as FMCG and information technology." he said. Mr. Shin said that the company has created a new position of chief marketing officer and appointed Elkana Ezekiel who was the regional director of Johnson & Johnson for the Asia Pacific region. Other executives to come on board for Samsung are Raj Kumar Rishi, a director at hardware firm Hewlett & Packard (HP) and Mahesh Krishnan, who comes from Philips. Source : 11-04-11 Hindustan Times Compiled by Amresh Anjan
Reckitt CEO Becht Makes Shock Exit Rakesh Kapoor, a 24-year veteran at Reckitt Benckiser Group (RB), is set to take over as its new chief executive officer. This is the first time that an Indian would head the world's leading consumer goods firm. The 52-year-old will take over as CEO from September 1, 2011. He will succeed the 54-year-old Bart Becht who held the post for 16 years before suddenly announcing his decision to resign.Mr. Kapoor joined Reckitt Benckiser in India in 1987, is currently the executive vice-president, global category development, and an executive committee member. He is an MBA from XLRI, Jamshedpur, and has a chemical engineering degree from BITS, Pilani.
Source : 14-04-11 Financial Express Compiled by Amresh Anjan
Infosys Director Mohandas Pai Quits Mohandas Pai, director (human resources) and board member of Infosys Technologies has resigned from the company. His resignation would be effective from June 11. For the last few months, he had given hints about his unhappiness about the way in which Infosys was doing its business. He felt that the founders of the company were not taking enough risks, happy to cling on to the firm's famed cauldron of conservatism. Though Infosys had cash reserves of over $3 billion, it was not willing to acquire a big company or asset and that irked Mr. Pai no end. He is said to have had endless debates in the boardroom over this matter in the past year, and his outspoken nature was getting a little difficult for some of the founders to handle. Source : 16-04-11 Indian Express Compiled by Amresh Anjan
Fee-Based Outsourcing Of CEO's Job Indian CEOs are to be now offered the choice of outsourcing all or part of their managerial responsibilities for a specified period. Offering 'Interim Managers' is a concept being brought to India by Paris-based X-PM Transition Partners. They have assisted companies like Alstom, ArcelorMittal, Barclays PE, Bombardier and Thomson in this regard. In India, it has partnered with Ranjit Shastri, a former consultant with McKinsey & Co, to float X-PM for providing executive interim management services.Usually, the company provides top-level managers, chief executive officers and directors to companies for a specific task like turning around the businesses, tackle a post-merger situation or launching a new business, for a predetermined cost and specific duration, of between six months to two years.
Source : 18-04-11 Business Standard Compiled by Amresh Anjan
BPO's Offer Jobs To School Passouts In Smaller Cities Increasing opportunities in the $1.4 billion domestic BPO market have encouraged Indian BPO companies to open delivery centres in tier II and tier III towns. As a result, vendors like Spanco, Aditya Birla Minacs and MphasiS are hiring more school passouts rather than graduates in these cities. Whereas metros still have a higher percentage of graduates as employees because of complex processes, smaller towns are comfortable with hiring non graduates to cater to domestic clients. As an industry average, last year had more of graduates working in the BPO industry but since many vendors have gone to tier II towns and rural areas to operate—the overall percentage of school passouts being hired has increased.
Source : 18-04-11 Financial Express Compiled by Amresh Anjan
Skilling' Latest Biz Mantra As Top CEO's Quit Jobs To Provide Training "Skilling", or providing skills to improve employability, is the latest business opportunity that CEOs with an entrepreneurial streak are trying to tap. Many CEOs, largely from the services sector, have quit their super-income jobs to train a burgeoning number of Indians so that they get decent employment.From Bharti Airtel's former CEO Rajiv Sharma to Star News former president Ravina Raj Kohli, "skilling" is turning out to be the latest draw for corporate hotshots.
Source : 18-04-11 Indian Express Compiled by Amresh Anjan
Govt To Provide 50,000 Jobs To People Uttarakhand Chief Minister Mr. Ramesh Pokhriyal Nishank today said his government has fixed a target of providing 50,000 jobs to people this year. "The government will provide 50,000 jobs to people this year and is working in this direction," he said after inaugurating six development works worth Rs 2531.48 lakh in Rudraprayag district. He also announced to set up a women polytechnic institute at Devli village and will upgrade almost a dozen junior high schools of the area.
Source : 14-04-11 ibnlive.in.comCompiled by Amresh Anjan
TATA Group Bosses To Have Short Tenures The Tatas have suddenly lowered the retirement age for non-executive directors on the boards of the 90 companies in the $67-billion group to 70 years from 75, sparking consternation in the empire's top echelons with several honchos facing the prospect of shortened careers. The decision will hit a number of executives who ran the Tata businesses till they reached 65 years and were in all probability looking forward to a straight 10-year stint as non-executive directors on the boards of the companies in the 140-year-old group.Top shoguns like former Tata Steel MD Mr. B. Muthuraman, erstwhile Tata Motors MD Mr. Ravi Kant, and former TCS boss Mr.S. Ramadorai now find that the stint may be cut short to about five years. Other non-executive directors on holding company Tata Sons' board like Arun Kumar Gandhi, who played a key role in orchestrating the big-ticket acquisitions of Corus and Jaguar Land Rover, and Farrokh Kavarana will also have to contend with shortened tenures. However, non-executive directors who have already crossed 70 years will stay on till they retire at 75 — in line with the old rule that was laid down in 2005. That means Ratan Tata's trusted lieutenant — R.K. Krishnakumar (72) — will continue on the board of Tata Sons and other group companies.
Source : 09-04-11 Business Standard Compiled by Amresh Anjan
Nestle Elevates Nandkishore As Executive VP Swiss FMCG giant Nestle has appointed India-born Nandu Nandkishore as the Executive Vice-President for Asia, Oceania, Africa and the Middle East (ME) with effect from October 1, 2011. He will succeed Mr. Frits van Dijk, who is retiring in September after a long and distinguished career of 41 years with Nestle. Mr. Nandkishore, 52, now Deputy Executive Vice-President and responsible for Nestlutrition, acquired extensive practical business experience in a global context over his past 22 years with the group
Source : 15-04-11 The Hindu Compiled by Amresh Anjan
Star India Ropes In Gayatri Yadav As Its MD Star India has appointed Ms. Gayatri Yadav as its Marketing Director. Prior to this development she was working at the same position with General Mills. Ms.Yadav will replace Anupam Vasudev who is currently EV-P, Marketing, at STAR India. Ms. Yadav, being an IIM Graduate, is armed with 18 years of work experience in the marketing field. She joined General Mills, popular food company, in the year 1996 and served the organization for 15 years as its key player. Before that, she has also worked with Procter and Gamble as Brand Manager. Source : 16-04-11 Mediamughals.com Compiled by Amresh Anjan
Employment Opportunities In VFX, 3D Sector To Rise With more and more filmmakers realising the importance of VFX and 3D technology, the industry is expected to grow at 18.5% per annum and would create many employment opportunities. Co-Founder and chief creative director of Prime Focus Mr. Merzin Tavaria said that VFX (visual effects) has come a long way, not only in terms of technology but also creative innovations."Filmmakers are more educated and aware about the ways they can use VFX to achieve their creative vision," he said. Growing demand for content, increasing investment in training talent, growing comfort of Indian production houses for VFX, continued growth in outsourced work, conversion of 2D to 3D formats and emerging digital platforms are expected to help the industry grow at 18.5% per annum, he said. Increase in demand for VFX and 3D means that the employment opportunities also increase. There is a growing demand for VFX artists right from rotoscopy, compositors, clean up artistes.
Source : 14-04-11 DNA Compiled by Amresh Anjan
Relevante Expands Its India-Based Leadership Team With Five New Appointments India, a leading provider of accounting and technology solutions, announced the expansion of its India based leadership team with the appointment of five managers to the leadership team. The company's operations in India support its US operations as well as a growing portfolio of India based clients. The five appointments to Relevante India's leadership team are as follows: Rajnikanth Korapati will serve as Manager of Online Marketing with responsibility for overseeing the company's website, social media, and eMarketing programs. Tulasi Kumari will serve as Manager of Recruiting with responsibility for overseeing Relevante India's Finance and Accounting recruiting operations. Jayasena Molugu will serve as Manager of Administration with responsibility for the company's management reporting, content management, and performance management systems. Narendra Naidu will serve as Manager of Recruiting with responsibility for overseeing the India based recruiters that support US clients. Sahadeva Reddy will serve as Manager of Business Development with responsibility for overseeing Relevante India's Finance and Accounting business development operations.
Source : 14-04-11 Newswiretoday Compiled by Amresh Anjan
PE Firm MCap Advisors Appoints Satish Chaluvadi As Director Subbu Subramaniam-floated private equity firm MCap Advisors has roped in Mr. Satish Chaluvadi as a director. Until recently, he was a vice-president with Matrix Partners, leading the infrastructure, engineering and logistics practices for Matrix India. An alumnus of IIM Bangalore, Mr. Chaluvadi has over 12 years of experience in financial services, a statement said. He has evaluated and invested in companies across sectors like telecom, retail infrastructure, healthcare, biotech, manufacturing and transportation.
Source : 14-04-11 VCCcircle.com Compiled by Amresh Anjan
