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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
