Manisha Girotra, the former head for UBS India, is reported to be joining Standard Chartered bank to head its investment banking business. In her new role she would work with regional teams of Standard Chartered in Singapore and Hong Kong.
Shailesh Rao quits Google heads for Twitter
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It is reported that Shailesh Rao, Managing Director – Media & Platforms for Google APAC (Asia-Pacific Operations), has quit and is expected to join Twitter ad its Vice President for International Operations. In 2007, Shailesh was appointed as Managing Director, Sales and Operations for Google India. Based in New Delhi, Shailesh role included Google’s domestic…
The Telecom business ecosystem
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With the cancellation of 2 G licenses as per The Supreme Court ruling the operators have to face a decent degree of uncertainty till the time fresh guidelines for auction and spectrum allocation comes. At least one operator (its investor Telenor) has hinted on exiting the market if required. Now all this clearly indicates on…
Infosys, TCS and other IT Majors to set up facilities in MP
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Infosys and TCS are gearing up to set up their facilities in Indore, Madhya Pradesh. The state has been trying to position itself as a preferred destination for corporates. Infosys project is expected to be completed over five years is expected to generate about 13,000 jobs.
Infosys–Leadership transition across Financial Services and Manufacturing
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Infosys, a global leader in consulting and technology, today announced the following leadership changes: BG Srinivas, Global Head of Manufacturing & Engineering business will take over as the new leader of the company’s Financial Services & Insurance business. He has been Head of Europe since 2004, and in the past role BG has been…
Standard Chartered–New CEO for India and South Asia–Sunil Kaushal
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Standard Chartered PLC named Sunil Kaushal the new regional chief executive for India and South Asia.Mr. Kaushal, who was previously the president and CEO of Standard Chartered Bank Taiwan, takes over from Neeraj Swaroop.
Telecom Jobs and The Supreme Court Ruling ..
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The Supreme Court has cancelled 122 telecom licenses issued on or after January 10, 2008. The supreme court held that the licenses were granted in an arbitrary and unconstitutional manner. As of now The Supreme Court has asked the Telecom Regulatory Authority of India to make fresh recommendations on the grant of 2G licenses, through…
Bank of Baroda to hire 4000
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Banking sector specially PSUs seem to be having plans for aggressive hiring in 2012. Bank of Baroda plans to hire about 4,000 employees in the officers and clerks cadre in coming year. This has been expressed to media by its Chairman and Managing Director, Mr M. D. Mallya. The hiring’s are supposed to cater to…
American Airlines to slash 2,100 maintenance jobs ..
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American Airlines is expected to slash about 2,100 jobs at its maintenance facility in Tulsa under a bankruptcy reorganization plan released by its parent company, a spokesman for the airline said Wednesday. AMR Corp. filed for Chapter 11 bankruptcy in November, and released a proposal Wednesday saying it planned to eliminate about 13,000 jobs, or…
Corporation Bank to hire 1200 employees..
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State-run Corporation Bank plans to hire about 1000 – 1200 employees this year to support its plans to add about 200 branches. The Mangalore-based bank is a lean entity with just about 14,000 employees for its 1,430 branches, mostly in the southern part of the country.
IBM & Nokia Siemens job cuts in Germany
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IBM may cut up to 8000 jobs in Germany (2 Feb 2012) IBM is sounding out plans to cut thousands of jobs in Germany and other countries to reduce costs and raise earnings, a German union official said. Scope and time frame were still unclear, she said, adding that IBM was planning to reduce the…
Sony Corp. promotes Kazuo Hirai as CEO
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Sony Corp. has named Kazuo Hirai as president and CEO, replacing Howard Stringer, amid a projection for a fourth consecutive year of losses. Kazuo Hirai The change is effective April 1, Sony said in a statement Wednesday. Stringer will become chairman of the board after a shareholders’ meeting in June. The promotion of Hirai, 51,…
Jones Lang LaSalle to add about 1250 employees in China and India in 2012
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Jones Lang LaSalle Inc, the world’s second-largest property brokerage and advisory group, will add about 1,250 employees in China and India this year, according to the head of its Asia business, as it looks to those emerging nations and Indonesia for growth amid unusually choppy property markets. “We expect there to be more varied…
Telecom Industry top level exits ..
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Telecom industry has been seeing exits of key professional at leadership levels starting Jan 2012. (Reported : 2 Feb 2012) Reliance Communication: Syed Safawi, the head of the wireless business of Reliance Communications, India’s second largest telecom company by customers, will leave the company this month following the expiry of his contract. Bharti Airtel: Atul…
Reliance Communication Restructuring
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Reliance Communication, country’s second largest telecom company by way of foot print as well as subscriber base is restructuring its wireless business. The geographical restructuring is expected to enhance market competitiveness, execution excellence and improve productivity and quality of service in the field.