HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.
McDonald’s Corp. has fired its CEO, Steve Easterbrook, for having a relationship with an employee. In a statement, the company announced that the McDonald’s Board has determined that Easterbrook violated company policy related to workplace relationships, and demonstrated poor judgment. Steve was involved in a consensual relationship with an employee. McDonald’s company policy does not…
Lakshmi Vilas Bank (LVB) has announced the resignation of Non-Executive Non-Independent Director Anuradha Pradeep. In their statement to the exchange dated 1st November, LVB said – ” It is informed that Smt. Anuradha Pradeep (Non – Executive and NonIndependent Director) has resigned from the directorship of the Bank on November 01, 2019. “ The resignation…
The State controlled telecom service provider BSNL & MTNL to face cost cutting for revival. Revival to take place by reducing employee costs, administrative allotment of spectrum for 4G services, debt restructuring by raising of sovereign guarantee bonds, monetisation of assets and in-principle approval for merger of BSNL and MTNL. The Union Cabinet in its…
Gurugram-based e-commerce company ShopClues is being acquired by Singapore’s Qoo10 in an all-stock deal. It is learnt that the deal valued ShopClues at $70-100 million. This valuation of Shopclues, is a serious low from its peak, during close of year 2015, when it was valued at $1.1 billion. The company achieved a billion dollar valuation…
Shyam Lal Gupta has been appointed on the Board of IRCON as Director (Projects) by replacing Deepak Sabhlok. Shyam Lal Gupta was deputed in IRCON by Indian Railways Service of Engineers as a General Manager in November, 2006 and thereafter was permanently absorbed in IRCON since 2011. He was Executive Director (General) in IRCON before…
Hindustan Media Ventures Ltd. (HMVL), has announced the appointment of Samudra Bhattacharya. His appointment is effective 1st Nov 2019. Samudra, will take over as CEO, from Rajeev Beotra who will move to a new role within the organisation. Earlier, in Oct 2019, there have been reports of Rajeev Beotra being elevated to the position of…
Government e-Marketplace (GeM) has signed MoU with Indian Bank and Canara Bank. The MoU will facilitate a cashless, paperless and transparent payment system on the portal and would create an efficient procurement system for government entities. Through this partnership, both banks will be able to offer an array of services including transfer of funds through…
Child Health Imprints is a Singapore based start-up company established in 2018. The company has raised $2.4 million in a pre-Series A funding round. The funding round was led by HealthXCapital, including investors such as Enterprise SG and other high net-worth individuals. The company said in a statement that it will use the funds to…
Harbinger Interactive Learning, a part of Harbinger Group and a leader in innovative and custom learning solutions, has won four coveted Brandon Hall Group Awards for ‘Excellence in Learning’. As a joint entrant with its clients, Harbinger won four awards which include – a Gold for Best Advance in Competencies and Skill Development, two Silver…
Sanjeev Nandan Sahai assumed charge as Secretary, Ministry of Power today. Prior to this, he was serving as the Special Secretary in the Ministry of Power. Sahai is a UT cadre IAS officer of 1986 batch. He has also served as Additional Secretary in the Ministry of Power from May,2018 to July, 2019. Along with…
Whatfix, the leading digital adoption platform, today announced that it has acquired Airim, a company that provides an AI-powered Personalization Engine for users and customers. Airim’s technology will be integrated with Whatfix to complement the company’s digital adoption platform and help bolster its artificial intelligence stack to deliver personalized content to every user autonomously – making…
Majesco, a global leader of cloud insurance software solutions for the insurance business transformation, today announced that SECURA Insurance successfully upgraded to Version 10 of Majesco Policy for P&C, transferred all policies, and implemented additional lines of business. The expansion of additional lines of business includes commercial package, directors and officers (D&O), professional liability, employment…
Kia Motors America (KMA) today announced the appointment of Michel Cole as president, effective November 11th. Cole has served as KMA’s chief operating officer and executive vice president since joining the company from Kia Motors Europe in May 2018. At KMA, Cole has played a vital role in the successful launch of several all-new and…
IndusInd bank has been on look out for a replacement for its Managing Director and Chief Executive Officer, Romesh Sobti, who is due to retire in March 2020. The bank has finalized a potential candidate for the position. In accordance with the recommendation of the Nomination and Remuneration Committee , the Board of Directors of…
In consonance with the Government’s rehabilitation program for prisoners, Varanasi Central Jail organised a stainless steel fabrication workshop for the jail inmates. The training program was facilitated by one of India’s largest stainless steel manufacturers, Jindal Stainless (Hisar) Limited (JSHL). Spread over a period of three months, the first phase of the workshop for 50…