Loop Telecom, is next in line of the operators winding up their operations post cancellation of 2G licenses by the Supreme Court. Earlier S-Tel, and Etisalat decided to wind up their operations. Loop Telecom would however maintain its operations in Mumbai, where in it has a separate license held by Loop Mobile and has a…
Best Buy CEO resigns, interim CEO appointed
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Best Buy, the leading electronics retailer has announced the resignation of its CEO of 28 years , Brian Dunn. The company has of late been struggling to keep up with competition from online retailers. The company has once held a strong positioning as a off line retail giant. Recently , as a part of its…
Citi India Appoints Jane Ong as Head of Corporate Affairs
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Citi India has announced the appointment of Jane Ong as the Head of Corporate Affairs for Citi South Asia. In this capacity, Jane will be responsible for media relations, managing external and internal communications as well as Citi’s Citizenship portfolio. She will report to Pramit Jhaveri, CEO, Citi India. Pramit Jhaveri, CEO Citi India said,…
Sony Corp. to cut 10000 jobs
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Sony Mobile Communications Announces New Leadership
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Kunimasa Suzuki named new President and CEO and Bert Nordberg to become Chairman of the Board Sony Mobile Communications has announced that Kunimasa Suzuki has been named President and CEO of Sony Mobile Communications, effective 16 May 2012, and Bert Nordberg, currently President and CEO, will step down from the leadership of the company. Bert…
Fullerton India leadership appointments
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Fullerton India Credit Company Ltd, one of India’s leading Non-Banking Finance Companies (NBFC), has some new faces in at leadership and senior management level. Anand Natrajan, joins as Executive Vice President & Chief Operating Officer with responsibility for finance, treasury and business operations. He has earlier been with Standard Chartered for about 25 years in…
Senior level exits at Blackberry !
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Research In Motion – RIM (makers of Blackberry smartphones), has been loosing its senior professionals consistently for last one year. There have been concerns regarding competitiveness of its products and dipping financials. Earlier in 2011, July –the company also had slashed about 2000 jobs, which seems to have impacted its profitability further. Considering Research In…
Ma Foi to exit staffing and recruitment business
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Job description for a business focussed CHRO
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A business focussed CHRO ‘s role these days assumes utmost importance. There is a high dependence of any business on people capability & a performance driven work culture. For almost over a decade now, business heads and HR heads keep talking of “business focused hr” and “changing role of hr function” etc. Here are some…
Yahoo Inc. announces job cuts of about 2000 employees starting today ..
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Yahoo Inc., today has announced organizational restructuring that may lead to elimination of about 2,000 jobs. The company will soon begin the process of informing employees about these changes. As part of that effort, approximately 2,000 people will be notified of job elimination or phased transition. It seems that there will be more job cuts…
Indian job seekers are most confident at salary negotiations – Linkedin study
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Mountain View, Calif. — April 3, 2012 — LinkedIn, the world’s largest professional network with more than 150 million members worldwide, today released data about professionals’ attitudes toward career negotiations like asking for a raise or closing a business deal. LinkedIn surveyed more than 2,000 professionals globally for the study. The study shows a direct…
Steria and Learntesting partner to enable self-study for ISTQB qualifications
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Internal online training portal now available to Steria customers as-a-service within Steria’s RightTesting portfolio Steria and Learntesting today announced that they are launching a unique self-study environment to support the needs of employees pursuing professional qualifications from the International Software Testing Qualifications Board (ISTQB). The online portal offers e-learning materials in English, German and French…
Homeshop18 Appoints COO’s For M-Commerce And TV Shopping
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Ruchi Soya in the Global Top 250 Consumer Products Industry by Deloitte
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April 04, 2012, Mumbai: Ruchi Soya Industries Limited (Ruchi Soya) has been ranked at 175 in the top 250 consumer products companies, in the ‘Global Powers of the Consumer Products Industry 2012’ report published by Deloitte Touche Tohmatsu (Deloitte). The report in its 5th annual version identifies the 250 largest consumer product companies around the…
Asian firms offer more variable pay compared to Western firms in the region – Mercer
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As per a Mercer survey – Asia Executive Remuneration Snapshot Survey – there are significant differences in executive pay practices between Asian and Western firms operating in Asia. Amongst the findings of the survey: Annual variable pay tends to be higher at Asian firms compared to Western companies. “Asian companies prefer more flexible pay structures…