We at HS have in the past carried out a couple of articles related to an employee’s decision to quit an employer and the factors that influence the decision. Today we come across a live and much visible case of an ex. employee of a global financial conglomerate documenting some factors that triggered his decision…
Indian Railways to recruit about 100,000 in 2012-13
by •
Indian Railways one of the world’s largest employers, with over 1.3 million employees plans to recruit about 100,000 people during 2012-13 fiscal. This was communicated by Railway Minister Dinesh Trivedi while presenting the ministry’s budget to parliament.
Jaguar Land Rover to create 1000 jobs in its British facility
by •
Jaguar Land Rover plans to create additional 1,000 positions at its Halewood factory in Merseyside, Britain, increasing the manpower at the facility to about 4500. The production would also move to a three shift, 24 hour-a-day operation at the facility. The Halewood production facility in Merseyside manufactures Range Rover Evoque and Freelander 2. These changes…
PubMatic acquires mobile technology firm MobiPrimo
by •
PubMatic has acquired MobiPrimo – a company founded by Samir Karande in 2010. MobiPrimo was recognized by Red Herring as top 100 companies in Asia, shortlisted for Red Herring top 100 global companies in 2011. Following the acquision, PubMatic has become the first strategic selling platform to provide native, cross-device support for premium publishers. 8th…
Educomp appoints Sanjay Jain (ex Tulip Telecom) as its Group CEO
by •
Educomp has appointed Sanjay Jain, the former CEO of Tulip Telecom, as its Group Chief Executive Officer. Educomp Chairman and MD Shantanu Prakash, on the appointment: “The next phase in the evolution of Educomp is the phase of growth with consolidation of operations. I am delighted to bring in a CEO to strengthen the leadership…
India Power Corp. appoints Anup Bhargava as Managing Director
by •
India Power Corporation (IPCL) has appointed Mr. Anup Bhargava as Managing Director with effect from 1st March 2012. Mr. Bhargava, holds a Bachelors Degree in Electrical Engineering (Honours) from the Aligarh Muslim University, and has over 24 years of rich experience in the power industry. He has worked with various organisations, including BHEL, GE Power…
Mitsubishi may set up its small car manufacturing facility in India.
by •
Mitsubishi Motors Corporation (MMC) may be exploring the option at setting up its small cars manufacturing hub in India. MMC presently does not have any representation in the small car market. The small car market accounts for about 70 per cent of all vehicle sales in India. This segment has been seeing lots of activity…
Rainer Jueckstock promoted as CEO of Federal Mogul, Jose Maria to retire.
by •
Federal-Mogul Corp – the leading auto parts supplier has announced that its Chief Executive Jose Maria Alapont will retire at the end of this month. Rainer Jueckstock, the senior vice president of Federal Moguls Powertrain Energy business unit, would take over as the new CEO effective 1st April 2012. He will also join the company’s…
Sonalika drops plan for its proposed production facility in South, will ramp up in Punjab
by •
It is reported that ITL (International Tractors Limited), one of the top three tractor manufacturers in India, would be investing about 100 Cr. towards augmenting its production facility in Hoshiarpur, Punjab. The capacity augmentation is expected to enable the Hoshiarpur plant to double its production to up to 100,000 units per annum. Presently the company…
Brian Cornell, to head PepsiCo Americas food division
by •
PepsiCo, the leading snack and beverage company has announced the following changes in its top team: Brian Cornell, the former Wal-Mart Stores Inc. senior executive would be heading PepsiCo Americas food division, the company’s largest business globally. Last year this business unit generated $ 23 Billion as revenue, a third of its global revenue, and…
CEAT appoints Anant Goenka as the new Managing Director
by •
Ceat Ltd, India’s fourth largest tyre maker has announced the appointment of Anant Goenka as the new Managing Director of the company for five years with effect from April 1, 2012. Anant, is presently the Deputy Managing Director of the company. The incumbent Managing Director Paras K Chowdhary will be retiring from the role but…
Contenders for the top position at PepsiCo
by •
We have been going through unconfirmed reports through various sources hinting at a management change & structural rejig of top team at PepsiCo. Though the timelines for these changes and announcements are not clear at this stage – as per one such report it appears that the global food and beverage giant PepsiCo may announce…
L&T appoints K Venkataramanan as CEO
by •
L&T – India’s leading diversified conglomerate and a with interests in infrastructure, engineering, manufacturing, construction, technology and financial services – has announcement changes in its top management structure. The board of directors have decided to bifurcate the roles of Chairman and Managing Director, effective from April 1. As per the new structure, Krishnamurthi Venkataraman has…
Vodafone India management rejig–Sunil Sood appointed COO
by •
Vodafone India, one of the leading telecom players in the Indian telecom market has announced changes in its top management. Subsequent to the changes – Sunil Sood, has taken over as the new COO (chief operating officer) of the company. Sanjoy Mukherjee would be the chief commercial officer (CCO).
Carnation Auto closes second round of funding ..
by •
Carnation Auto, has closed a 2nd round of funding totalling Rs. 85 Crore from Gaja Capital Partners, a Mumbai-based private equity fund. This new round of funding will enable the company to further consolidate its pioneering independent multi-brand auto solution network and scale up its successful certified used car program across India. Speaking on the…