Companies Increasingly Hiring Housewives
With a shortage of manpower in retail, banking, IT and insurance sectors, companies are increasingly hiring housewives with prior work experience. Companies are exploring the untapped potential of housewives who have had career breaks due to marriage and kids. Companies believe that such women are less likely to hop jobs and are thus more reliable. Women also prefer taking up such jobs as it gives them flexibility of work hours and freedom to work part-time.
Source: 27-10-07 Hindustan Times Compiled by www.naukri.com
Cisco To Triple Headcount In India By 2010 Cisco Systems Inc plans 0to increase its headcount in India to 10,000 by 2010. Also, the company plans to invest $1.16 billion in the country. The company intends to strengthen its presence in India and ramp up its employee strength. There are indications that almost 20 percent of the firm's higher management team would be based in India by 2012.
Source: 29-10-07 in.news.yahoo.com Compiled by www.naukri.com
15,000 IT Professionals To House HCL Tech HubHCL Technologies plans to build its technology hub, to house 15,000 IT professionals. The company claims that it wants to develop the next generation intellectual property. To reach this end, HCL will invest USD 250 million to build the hub and hopes to generate revenues in excess of USD 1 billion annually. The hub will take about three years to become fully operational. HCL will also come up with many centers across the country including Bangalore, Chennai, Coimbatore, Hyderabad, Lucknow, Manesar, Madurai and Nagpur.
Source: 01-11-07 news.moneycontrol.com Compiled by www.naukri.com
Bangalore HR Summit 2007 On Dec 7-8, 2007Theme: Leveraging Technology for HR Effectiveness Date: On Dec. 7 & 8, 2007
Venue: Le Meridien, Sankey Road, Bangalore-8, India
Institute of HRD, will be hosting the Bangalore HR Summit 2007 on Dec. 7 & 8, 2007 at Le Meridien, Sankey Road, Bangalore-52, India. In this HR Summit, over 300 Human Resource professionals from India, Asia Pacific and Middle East are expected to participate and deliberate on the theme 'Leveraging Technology for HR Effectiveness. The HR Summit will witness presentations and deliberations by eminent CEOs, Senior HR professionals, researchers, and academicians. The eminent speakers would include
Mr Amitava Roy, President, Symphony Software Services, India, Mr N. G. Subramanian, President, Tata Consultancy Services Ltd and Mr Sharad Heda, Chief Operating Officer, Microland.
For more details about the HR summit, please visit www.hrsummit.in or contact J. Reuben 91-80-65617338, 41244291or send a mail to hr@hrsummit.in
Source: 02-11-07 Company Bureau Compiled by www.naukri.com
Eliminate Child Labour At The RootThe enormity of the ailment of child labour that plagues our society is in clear view again, post the GAP controversy. But are the raids and sending back of the kids enough action against the mammoth crime? Probably, not. What needs to be done is tackling the problem the other way. Why not penalize child employers heavily? Why not give such exemplary punishment to them that it acts as a deterrent? Once the job opportunities for child labour dry up, the temptation to have more children as earning hands would also eventually cease. Government and the lawmakers need to look at a permanent solution to curb the evil. As of now, they can focus on the issue of rehabilitation of these hapless children.
Source: 02-11-07 Hindustan Times Compiled by www.naukri.com
Corbus India Is The Best Place To Work: SurveyAccording to a Nasscom survey, Corbus (India) tops the list of ‘exciting emerging companies to work for’ in the Indian IT/ITES industry. RMSI Pvt Ltd and Hytech Professionals India rank second and third respectively. The survey was conducted for small and medium sized IT-BPO companies, with annual turnover of up tp Rs 250 crore. The analysis was based on factors such as training & development, career management, constant and effective communication, documentation, benchmarking and recreational activities. AgreeYa Solutions (India) Pvt Ltd ranked 15th in the survey.
Source: 31-10-07 Business Line Compiled by www.naukri.com
BHELto add 20,000 More In a drive to expand its capacity, the public sector engineering giant Bharat Heavy Electricals Limited (BHEL) will hire 20,000 people in the 11th Plan period (2007-12). , Out of these, nine thousand would be engineers. According to the Chairman and Managing Director of BHEL, Mr A.K. Puri, currently BHEL can make power equipment of 6,000 MW a year and it intends to take this up to 15,000 MW a year by 2009 and to 20,000 MW by 2011. To attain this target, they need to augment the manpower.
Source: 28-10-07 www.sify.com Compiled by www.naukri.com
Tier II, III Cities Becoming Preferred Job DestinationsAs huge investments are being done in Tier II and III cities, they are turning into ideal employment destinations for educated youth. As a result, Delhi and other metros are likely to see a drop by 50% in jobs in the next three to four years. Better power and infrastructure are attracting investments in these cities. According to a forecast paper brought out by Assocham, the preferred sectors for job seekers are construction, real estate, automobiles and BPO.
Source: 30-10-07 www.livemint.com Compiled by www.naukri.com
Reliance Retail To Have 1mn Workers In 4 Years Despite the continued protests against its stores in some parts of the country, Reliance Retail plans to increase its workforce to one million within the next four years. According to Ms Susan Bloch, chief culture officer of Reliance Retail Ltd, the company wants to achieve in four years what Wal-Mart achieved in 30 years. Starting in November last year, currently the company has 300 stores in 30 cities. The company aims to open 500 hypermarts in the country by 2010.
Source: 31-10-07 www.sify.com Compiled by www.naukri.com
Double Workforce At Shakti Entrepreneurs Within Two Years‘Shakti’, the rural women entrepreneurship promotion programme of Hindustan Unilever Ltd will have double the workforce in India over next two years. According to Mr Douglas Baillie, Chief Executive Officer, Hindustan Unilever Ltd, the current number of 42,000 women entrepreneurs who sell their products directly to household and retailers in villages will increase to over 1,00,000 by 2010.
Source: 29-10-07 Business Line Compiled by www.naukri.com
Foreigners May Be Allowed To Head Foreign Cos In India If a new company law by the Ministry of Corporate Affairs comes through, subsidiaries of multinational companies (MNCs) and foreign companies venturing in India would be allowed to have a chief who is not a resident of the country. The Ministry is likely to relax the existing requirement where the Managing Director of an MNC subsidiary must be an India resident. However, it is likely that the new law will require that at least one director on the Board should be a resident.
Source: 28-10-07 www.sify.com Compiled by www.naukri.com
SBI To Hire 3,000 Marketing & Recovery Officers After the complaints against the high-handedness of private loan recovery agents, State Bank of India has decided to directly hire 3,000 marketing and recovery officers. The job profile of these recovery officers would include ‘soft recovery’ of loans.
Source: 01-11-07 www.thehindu.com Compiled by www.naukri.com
SC Stays Delhi HC Order Over Air India AirhostessesSupreme Court has stayed the Delhi High Court order that allowed Air India airhostesses to become in-flight supervisors, as their male counterparts. The interim order was passed on a petition filed by Air India Cabin Crew Association and others challenging the eligibility of female crewmembers for appointment as in-flight supervisors. The hearing on the case will come up on November 19.
Source: 02-11-07 Hindustan Times Compiled by www.naukri.com
Training Programmes By Adobe, NIIT AllianceNIIT Ltd and Adobe Systems Inc have come together to form a global alliance under which NIIT would offer training programmes on Adobe’s software tools and technologies used in business, entertainment and personal communication across 32 countries. The move is aimed at creating a talent pool for design, web, mobile and interactive media. According to the alliance, NIIT would provide the training programmes in 600 centres in India and overseas in the next three years, and target 60,000 students.
Source: 28-10-07 www.sify.com Compiled by www.naukri.com
BNP Paribas Appoints Mr Abhijit Raha As CEO French bank BNP has hired Mr Abhijit Raha as the head of institutional equities and corporate finance operations in India. Mr Raha will also be the Chief Executive Officer of the proposed joint venture between BNP and local brokerage Geojit Financial Services Ltd. Mr Raha will work out of Mumbai. Previously, Mr Raha ran an India-specific fund in partnership with Bank Julius Baer. He was also instrumental in building foreign brokerage CLSA's operations in India.
Source: 29-10-07 www.sify.com Compiled by www.naukri.com
Mr Khattar To Be Replaced By Mr Nakanishi At Maruti Mr Jagdish Khattar will retire as the Managing Director of Maruti Suzuki India on December 18. He will be replaced by Mr Shinzo Nakanishi. Mr Nakanishi is currently the chairman of MSIL. Mr R C Bhargava will be the new chairman. Mr Khattar joined Maruti in July 1993. Mr. Tsuneo Kobayashi, present Sr. Joint Managing Director will return to Japan and Mr. Tsuneo Ohashi will succeed Mr. Kobayashi with effect from January 01, 2008 as Director in charge of Production.
Source: 29-10-07 www.rediff.com Compiled by www.naukri.com
Andhra To Have 80 lakh More Jobs By 2015According to a study on skill and employability conducted by the Confederation of Indian Industries (CII), over 80 lakh new jobs will be created in Andhra Pradesh in different sectors by 2015. There will be a sharp rise in demand in all sectors but construction, textiles and ITeS sector would require the highest number of employees at junior and middle levels. Mr B Santhanam, Chairman of CII taskforce on skill, employability and affirmative action, has suggested that the government should invest in skill development and training to plug the demand-supply gap in future.
Source: 27-10-07 Indian Express Compiled by www.naukri.com
1,000 TCS Jobs To Be Created In USOhio government has awarded a $2.5 million Rapid Outreach Grant to Tata Consultancy Services America to promote the growth of businesses and the creation and retention of jobs in the state. TCS plans to acquire and improve an existing building to support the company's new facility in Miami Township to be utilized as the North American headquarters and a development center with Information Technology solution delivery capability. This mega project is expected to create 1,000 positions within the first three years of the project's start.
Source: 31-10-07 www.rediff.com Compiled by www.naukri.com
Former Bureaucrat Is Hyundai India’s PresidentKorean automotive giant Hyundai Motors has hired former finance secretary Mr Ashok Kumar Jha as president of its India operations. Mr Jha’s appointment is important in view of the launch of Hyundai’s new model ‘i10’ in India. His know-how of the functioning of the government appears to have worked in his favour. He will fill the post that has been lying vacant for the past one-and-a-half years since Mr B V R Subbu left the company.
Source: 27-10-07 www.rediff.com Compiled by www.naukri.com
Mr G Srinivasan Joins United India Mr G Srinivasan has joined United India Insurance Company as Chairman and Managing Director (CMD). Earlier, he served at New India Insurance Company, Trinidad as Managing Director. Mr Srinivasan will succeed Mr M K Garg at United India. He is a Fellow of the Insurance Institute of India.
Source: 27-10-07 Business Standard Compiled by www.naukri.com
Mr Prashant Jain Promoted At HDFCMr Prashant Jain, the Chief Investment Officer of HDFC Mutual Fund has been promoted as the Executive Director of the fund house. Mr Jain is an old hand with 15 years of experience in fund management and research in the mutual fund industry.
Source: 27-10-07 Business Standard Compiled by www.naukri.com
Merrill Lynch CEO Steps DownA week after Merrill reported its first quarterly loss in six years, and the biggest in its ninety-three-year history, its Chairman and Chief Executive Mr Stan O’Neal stepped down. Mr O'Neal has worked for Merrill Lynch for twenty-one years. He has held the top job since 2002. Meanwhile, Mr Alberto Criboire, a board member since 2003 and founder of private equity firm Brera Capital, will serve as interim non-executive Chairman.
Source: 31-10-07 Business Standard Compiled by www.naukri.com
Chrysler To Down-Size FurtherUS car giant Chrysler plans to cut at least 10,000 jobs. The announcement comes months after it was bought by a leading private equity firm. Up to 10,000 hourly jobs will be cut next year. At least 1,000 salaried positions are also expected to be lost. The layoffs are in addition to 13,000 jobs that Chrysler is already shedding. Chrysler has claimed that the decision is taken keeping in view the worsened market conditions since the buyout and the company needs to reduce costs more aggressively.
Source: 01-11-07 news.bbc.co.uk Compiled by www.naukri.com
Immigrants Grab Over 50 pct Of New Jobs In UKImmigrants have snapped up more than half of all new jobs created in Britain over the last decade. According to the latest figures, 52 per cent of the 2.1 million jobs created under the Labour Party government since 1997, went to 1.1 million migrant workers. The report also revealed that migrants had earned 424 pounds a week on an average whereas British workers earned 395 pounds.
Source: 31-10-07 The Tribune Compiled by www.naukri.com
4,000 Asian Workers Face Deportation In UAEAs an outcome of strike and protest marches, nearly 4000 Asian workers face deportation in the UAE. The Asian labourers in Dubai staged illegal strikes over poor wages and working conditions in Dubai. The UAE labour ministry has charged them with acts of vandalism. The decision came after several thousand manual workers downed tools and reportedly occupied and vandalized a building before attacking police and vehicles with stones. Such protests are a rarity in the UAE.
Source: 30-10-07 www.livemint.com Compiled by www.naukri.com
Germany’s Jobless Rate Falls To 14-year Low Germany's expanding economy has brought its jobless rate to a 14-year low at 8.7% in October. The jobless rate fell despite the high Euro and muted consumer confidence. The figure is the lowest since 1993. The unemployment total fell for the 19th consecutive month in October, down 40,000 to 3.657 million.
Source: 30-10-07 news.bbc.co.uk Compiled by www.naukri.com
UK Nearing US In Executive Pay ScaleAccording to a report by Incomes Data Services, a UK research group, over the past five years, the total earning of chief executives at British blue-chip companies has doubled. This makes them at par with their US counterparts. The average annual compensation for chief executives of FTSE 100 companies is a mere £3.17m. In 2003, US CEOs' average pay was 1.6 times that of their UK counterparts. The gap between American and British incentive packages has also narrowed, from 8.4 to 5.2 to one.
Source: 29-10-07 news.yahoo.com Compiled by www.naukri.com
Alcatel-Lucent To Layoff 4,000 More JobsAfter posting lower revenues and forecasting lower sales for this year, Alcatel-Lucent plans to cut 4,000 jobs by 2009. The French-American group eyes additional savings of 400 million euros ($576.2 mn) in gross margin and comparable operating expenses by the end of 2009, bringing the total to 2.1 billion euros. The group has also announced the departure of its Finance Director in the coming weeks.
Source: 30-11-99 news.yahoo.com Compiled by www.naukri.com
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