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Green Economy Can Create Millions Of Jobs The fast-growing green energy sector could create a million jobs in the next few years. Indian business schools need to offer MBA's in green economy, said Santha Sheela Nair, vice-chairman Tamil Nadu State Planning Commission. A green job can be a white- or blue-collared role in any sector: agriculture, manufacturing, research and development, administrative and service activities such as IT, finance, teaching and so on. Tamil Nadu is on a mission to promote green jobs that help protect ecosystems and biodiversity, reduce energy consumption, de-carbonize the economy and minimize waste production."The idea is that a new age of green jobs will allow India to make the much-needed swift transition into a low-carbon economy, while also pulling millions out of poverty through job creation," Nair said.
Source : 26-09-11 The Hindu Compiled by Amresh Anjan
Indian Firms Employ Tens Of Thousands Of Americans: US Official A top US official has acknowledged that Indian companies employ tens of thousands of Americans. This was announced by the Deputy Secretary of State, Bill Burns in an event organized jointly by the Federation of Indian Chambers of Commerce and Industry and the Brookings Institution in Washington. India's direct investment in the U.S. has grown by an average of 33 percent each year since 2005. It had increased from a negligible $96 million to over $3.3 billion in the past decade, Mr. Burns said. India-U.S. trade has more than doubled over the past decade.Pointing to mutual benefits, Mr. Burns noted that the Tata Steel Ohio plant provides jobs there while Boeing uses engineers in Bangalore to design 787s whose parts are manufactured across the U.S.
Source : 28-09-11 Deccan Herald Compiled by Amresh Anjan
Huawei Launches Enterprise Biz Unit In India, To Hire 400 Telecom equipment provider, Huawei, launched its enterprise business unit in India, for which it plans to hire 400 employees by the end of 2012.The company's enterprise business is focused on providing solutions for IP, communications and technology and IT businesses and services, China—based Huawei said in a statement."The company is expected to clock $15 billion revenue (from its enterprise business worldwide) by 2015," Huawei President Enterprise Business, Mr Eric Yu, said at the launch event.The company plans to hire 200 people by the end of this year and 200 more by the end of 2012, taking the strength of its prospective India workforce to 400.As a part of its enterprise business expansion plans, the company will focus on providing information and communication technology solutions for sectors such as transport, energy, telecom and finance, among others, the company said.The company also unveiled its high definition telepresence business system for the Indian market. Source : 28-09-11 Hindu Business Line Compiled by Amresh Anjan
Merrill Tech To Expand Footprint Legal and financial services company Merrill Technology Services is looking to expand its footprint in India with an eye on tier-II locations. And Coimbatore appears to have been the ideal destination for establishment of its facility. The company has inaugurated its third facility in India at the Tidel Park here by taking up 18000 sq ft of space.(The other two facilities are at Chennai in the Olympia Technology Park and at VBC Solitaire, T Nagar).It is looking to hire around 300 non-IT focused candidates with good communication skills during the first year and double the headcount by the end of the second year.
Source : 28-09-11 Hindu Business Line Compiled by Amresh Anjan
Smes Explore New Frontiers To Beat Slump Rising wages and the slowdown in the U.S. and Europe are prompting small and medium enterprises (SMEs) to rework their strategies. Garment and apparel exporters have outsourced their manufacturing to Bangladesh where wages are 25 percent to 30 percent below Tirupur and Ludhiana, India's garment and apparel export hubs. Kolkata-based Hindusthan Lace Manufacturing Corp. says wages have risen 30 percent to 50 percent due to inflation and tough competition, but it has been able to hike prices only by 15 percent. It is now looking to resume exports to Asian and African markets."SMEs are looking to raise funds from European banks at cheaper rates, find partners or purchase companies which take them closer to their customers," says Monish Chatrath of Delhi-based Mazars, which advises SMEs.
Source : 29-09-11 Financial Express Compiled by Amresh Anjan
Nokia To Cut 3,500 Jobs Worldwide; To Shut Down Romania Factory World's largest mobile phone maker Nokia will slash another 3,500 jobs worldwide as part of drastic restructuring efforts that includes shuttering manufacturing facility in Romania. Battling tough business conditions, Nokia's latest move would be in addition to restructuring plans unveiled in April, that would affect as many as 7,000 jobs globally. Nokia announced reductions in manufacturing, the Location & Commerce business and supporting functions. Among others, these plans would see shutting down of manufacturing facility in Cluj, Romania by the end of this year.
Source : 29-09-11 Zee News Compiled by Amresh Anjan
Ford May Add 10,000 Jobs Ford is discussing adding as many as 10,000 jobs in the United States in negotiations with the United Auto Workers (UAW) union on a new four-year contract, according to three people familiar with the talks. The job-creation discussion is part of high-level negotiations between Ford and UAW president Bob King over wages, benefits, and employment gains in the new contract and is still subject to change, said the people, who asked not to be identified revealing internal deliberations. As many as 4,000 of those jobs may come from Ford shifting production of the Fusion midsize sedan to the US from Mexico, one of the people said.
Source : 29-09-11 Hindustan Times Compiled by Amresh Anjan
Temasek India Head Manish Kejriwal Steps Down To Start Fund Singapore state investor Temasek Holdings said that its India head, Manish Kejriwal, has decided to step down to explore the creation of a new fund in India, the latest in a series of changes in the investment firm's management. The fund will not be capitalized by Temasek, a source familiar with the matter told Reuters. Mr. Kejriwal, the son-in-law of Rahul Bajaj, chairman of Bajaj Auto Ltd, is teaming up with Sunish Sharma, managing director of General Atlantic, to start a private equity fund, trade publication VCCircle reported
Source : 30-09-11 Moneycontrol.com Compiled by Amresh Anjan
Air India Board Caps COO Salary At Rs 1 Crore Cash-strapped Air India (AI) seems to have learnt its lessons the hard way. The airline board has fixed a salary cap of Rs 1 crore for its new chief operating officer (COO). The airline appears to be cautious after last year's goof-up when it hired four top executives for Rs 6-7 crore who either left or were sacked within months, leaving the airline's turnaround plan in disarray. Gustav Baldauf, a foreigner, was appointed as COO for a package of Rs 3.1 crore. A COO for AI Express and chief of training were hired for around R1.5 crore each.
Source : 26-09-11 Hindustan Times Compiled by Amresh Anjan
Job Crisis May Lead To 40M Shortfall In G-20 The current low employment growth of 0.8 percent would lead to a job shortfall of 40 million in the Group of Twenty (G-20) nations by the end of next year. The warning came in a joint statement released at the G-20 labour ministers' conference in Paris.Around 20 million jobs were still missing in the G-20 countries from before the pre-crisis period. To attain the pre-crisis rate by 2015 required an annual growth rate of at least 1.3 per cent in employment.India urged the global community to take adequate steps to stem the persisting job crisis. Labour and Employment Minister Mallikarjun Kharge highlighted the success of India's public employment policies in this regard. India had not only maintained employment levels during recession but also succeeded in reducing unemployment from 8.3 percent in 2004-05 to 6.6 percent in 2009-10.
Source : 27-09-11 Financial Express Compiled by Amresh Anjan
Piramal Names Head Of NBFC The Ajay Piramal group has appointed Sudha Ravi as head of its non-banking financial company (NBFC) PHL Finance. Previously, Ms. Ravi managed the Washington operations of State Bank of India.
Source : 27-09-11 Financial Chronicle Compiled by Amresh Anjan
Capgemini Hiring A Thousand A Month With the current market demand and business needs, Capgemini is recruiting close to 1,000 employees every month, Rajesh Padmanabhan, HR head of Capgemini, said. The global company for IT, business consulting and outsourcing services employs 36,000 in its delivery and innovation centres in seven cities across India. It has a global headcount of 115,000.Following its philosophy of "People matter, results count," Capgemini hires a mix of fresh graduates and lateral joinees, Mr. Padmanabhan said. Capgemini, based in France, is an equal-opportunity employer with a woman at the helm of its India business. Close to 25 percent of the organisation consists of women.
Source : 26-09-11 Hindustan Times Compiled by Amresh Anjan
HP Names Meg Whitman CEO Hewlett-Packard Co named former eBay Inc chief executive Meg Whitman its president and CEO, replacing the harshly criticised Leo Apotheker in a bid to restore investor confidence in the iconic Silicon Valley company.The decision was made without a formal CEO search and piled renewed criticism on the board, which investors have blamed — at least in part — for the storied company's recent missteps.Chairman Ray Lane, who becomes executive chairman with a mandate to help Mr. Whitman run a sprawling $120-billion empire with over 3,00,000 employees, tried to assure disillusioned investors by saying HP is making a fresh start with a new CEO and — crucially — a virtually revamped board of directors.
Source : 23-09-11 Business Standard Compiled by Amresh Anjan
Google India To Hire More Google plans to step up recruitment after securing special promotional rights for Shahrukh Khan's Ra.One. Google has tied up with Red Chillies Entertainment, producer of the film, and will release exclusive content for the film via YouTube. Google India CEO Rajan Anandan said he expected more hiring ahead. Meanwhile, the company is beefing up its four commercial centres in Bangalore, Hyderabad, Delhi and Mumbai. Hiring is being done across business units, especially for YouTube."We want to enable the Internet ecosystem in India to go from 100 million users today to 300 million users by 2014. YouTube will play a big role in this," Mr. Anandan said.Google currently has 2,000 employees across various centres in India.
Source : 26-09-11 Hindustan Times Compiled by Amresh Anjan
Interglobe Tech To Set Up New Centre In China IT and BPO services provider InterGlobe Technologies is planning to open a delivery centre in China. The company is evaluating Dalian and Guangzhou as possible locations for the 300-500-seat facility, expected to be operational in six months, said CEO Vipul Doshi. The decision was prompted by customers who wanted back-office support for China and Japan. InterGlobe has at least three customers which want to be serviced from that region.The back-office market in Greater China, which includes Taiwan and Hong Kong, will grow faster than India in the next five years, according to a report from research firm Ovum. While the China BPO market will grow at 16.1 percent, India and South Korea will grow at 15.7 percent and 14.6 percent, respectively. InterGlobe is also considering setting up a centre in South America and one in the U.S.
Source : 26-09-11 Hindu Business Line Compiled by Amresh Anjan
Ajay Marwaha Is EVP And Head, Trading In Treasury Dept Of HDFC Bank HDFC Bank, the second largest private sector bank in the country, has appointed Mr Ajay Marwaha EVP and Head, Trading, in the Treasury Department. Mr. Marwaha will be in charge of interbank foreign exchange and bullion desk, interest rate trading, inter-bank derivatives, institutional sales and overseas business (Treasury). He will report to Mr. Ashish Parthasarthy, Treasurer, HDFC Bank. Mr. Marwaha is an MBA from Jamnalal Bajaj Institute of Management Studies and holds a Bachelor of Engineering degree from Mumbai University.
Source : 27-09-11 Hindu Business Line Compiled by Amresh Anjan
GM Workers Eye New Union Contract Soon Factory workers at General Motors are likely to approve a new four year contract with the company. Negotiators for GM and the United Auto Workers union agreed to a tentative contract on September 16. Most of GM's 48500 factory workers won't get annual pay rises under the contract. But, they will get $5000 signing bonuses and profit sharing cheques, along with other payments.
Source : 29-09-11 Hindustan Times Compiled by Amresh Anjan
