SKS Microfinance would be shutting 78 branches in Andhra Pradesh. This has been disclosed in its stock exchange filing, and the move is expected to impact about 1200 of its employees. The company employs over 3400 across 180 branches in AP. The move is driven by business situation in Andhra, and the company may be…
Exodus of senior management execs at Welspun Group
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MUMBAI: Mumbai-based Welspun Group, led by BK Goenka has recently witnessed many exits at top level. Incidentally, most of the people who left or have put in their papers have spent just a year or less than that in the $4-billion business group. Short profile of some of the people at key positions: Mr. Sunil…
Prahlad Shantigram quits Standard Chartered as its global Head – M&A
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Prahlad Shantigram the global head – mergers & acquisitions for Standard Chartered is reported to have quit. Prahlad operated out of Singapore and is credited to have successfully lead the investment banking operations for the bank. He is credited to have lead the banks initiative to facilitate the approx. $ 10 billion – Bharti’s acquisition…
eBay to hire 1000 for its proposed development centre in Bangalore
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eBay Inc. plans to open a new development centre in Bangalore, and would be hiring about 1000 employees for the same over a period of next three years. The proposed facility would be housing the eBay as well as PayPal teams – and would add on to eBay’s present team of about 2000 employees operating…
HCL Infosystems Appoints Neeraj Jaitley as President of Enterprise Solutions
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New Delhi, Delhi, India, Tuesday, May 08, 2012 : HCL Infosystems Ltd, India’s premier Hardware, Services and ICT System Integration Company today announced the appointment of Mr. Neeraj Jaitley as President of Enterprise Solutions for HCL Infosystems Ltd. He will be leading the company’s B2B businesses that cater to the needs of government and enterprise…
Aviva CEO Andrew Moss steps down
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The Chief Executive of Aviva, Andrew Moss had resigned from his position with immediate. The resignation comes just days after shareholders voted down the insurance company’s pay policies. As per Aviva’s current chairman, Lord Sharman - Andrew Moss tendered his resignation since – "he felt it was in the best interests of the company that…
Hay Group Study – Best Companies for Leadership
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Hay Group, the global management consulting firm, recently released its seventh annual Best Companies for Leadership Study, identifying the global Top 20 and Asia’s Top 10 best companies for leadership and examining how those companies nurture talent and foster innovation in their ranks. This year, General Electric topped the global list, followed by Procter &…
CallidusCloud acquires 6FigureJobs
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6FigureJobs to be Enhanced with Sales Selector to Enable Social Hiring in the Cloud for Executives, Sales and Marketing Professionals PLEASANTON, CALIF., May 7, 2012 – Callidus Software Inc. (NASDAQ: CALD), the leader in sales effectiveness and cloud computing , announced its acquisition today of a premier executive career community and job board, 6FigureJobs. The…
Did you expect CEO at Yahoo ! to add fake credentials to his resume ..
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Almost all employers across the globe face the issue of potential employees faking their credentials. These could be academic credentials, work experience related credentials, and performance related credentials. How many of us would normally expect that professionals who have been faking credentials would reach to the level of CxO – specially for one of the…
Intuit Ranked 2nd in ‘India’s Best Companies for Rewards and Recognition 2012’
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Intuit India has been named one of the country’s top two Best Companies for Rewards and Recognition in 2012. A leading provider of business and financial management solutions, Intuit was honored for its innovative and structured rewards and recognition programs for its employees in India. The award was presented by Edenred, – International leaders and…
TCS recognized as “Big Four” IT Services brand
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Bengaluru, Karnataka, May 7, 2012 – Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting, and business solutions organization, announced, today, that it has been named the 4th most valuable IT services brand worldwide by Brand Finance, the world leading brand valuation firm. Brand Finance assesses the dollar value of the…
Glancee is joining Facebook
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Facebook Inc. has a lot of updates for market these days. After its $1 billion purchase of the start-up behind the photo sharing smartphone application ‘Instagram’ and a multi-billion-dollar debut on the stock market, it has acquired the "social discovery" startup Glancee. This is dubbed as Facebook’s second major acquisition this year after Instagram, and…
LinkedIn to acquire SlideShare–transaction valued at approx $118.75 million
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Mountain View, Calif. – May 3, 2012 – LinkedIn (NYSE:LNKD), the world’s largest professional network on the Internet with 161 million members worldwide, today announced it agreed to acquire SlideShare, a leading professional content sharing community. The transaction is valued at approximately $118.75 million, subject to adjustment, in a combination of approximately 45 percent cash…
Aditya Birla Nuvo appoints Ashish Dikshit as CEO of Madhura Fashion & Lifestyle
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Aditya Birla Nuvo has appointed Ashish Dikshit as the CEO of – Madura Fashion & Lifestyle, the lifestyle garments business of Aditya Birla Nuvo. Madura Fashion & Lifestyle dominates the premium lifestyle apparel retail through its brands – Louis Philippe, Van Heusen, Allen Solly, Peter England and The Collective. The company is picking up a…
Max Bupa appoints Manasije Mishra as CEO Designate
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Max Bupa has appointed Mr. Manasije Mishra as the Chief Executive Officer Designate. The appointment of Mr. Mishra will be subject to requisite regulatory approvals. He will succeed Mr. Damien Marmion, the founding CEO of Max Bupa. Mr Mishra would be working with the incumbent CEO for next few months and would subsequently take over…