The Board of Mahindra Lifespace Developers Ltd. yesterday approved today, the appointment of Sangeeta Prasad, CEO – Mahindra Lifespaces as Managing Director & CEO of the Company effective 1st October 2018, consequent to the resignation of Anita Arjundas as Managing Director effective 30th September 2018. Sangeeta, 50, has over 26 years of work experience, which…
Infrastructure Leasing & Financial Services Limited’s financial services unit MD & CEO Ramesh C Bawa quits as the parent company struggles to deal with debts. This resignation came just hours after the parent company IF&LS on Friday informed lenders that it is unable to repay the debt of Rs 250 crore. Along with Ramesh C Bawa,…
Novartis International AG, a Swiss multinational pharmaceutical company based in Basel, will cut around 2,550 jobs in Switzerland and UK over the next 4 years as the pharmaceutical firm is planning to boost its revenue and focus on new medicines. It is one of the largest pharmaceutical companies by both market capitalization and sales. The Swiss drugmaker…
A new report from Eightfold shows that CEOs and CHROs think that 47% of their best employees will quit “within 2 years of hire.” The report also revealed many keys facts. Eightfold partnered with Harris Interactive Media on the study, which conducted a detailed study with 1007 CEOs or CHROs of companies with 1,000 or more…
Median gross hourly salary fell by roughly 21 percent over two years to stand at Rs 219.4 per hour in 2017, as against Rs 277.1 per hour in 2015, according to a survey by recruitment platform Monster.com. According to Monster Salary Index (MSI), only the manufacturing sector’s median gross hourly salary has been raised by Rs 19.2 of…
The Best Companies for Women in India is an annual study conducted by AVTAR Group and Working Mother to find the top 100 companies with transparency and gender equality for women. The third edition of Best Companies for Women in India (2018 BCWI) study has been released recently. The study shows lower attrition rates of women than men, at all levels in…
Reliance Industries Ltd (RIL) has invested $8 million in California-based NetraDyne, an artificial intelligence startup that focuses on fleet management, automotive, security, and surveillance. This is the second time Reliance is investing in NetraDyne, Earlier this June RIL invested $16 million in the AI startup. Both of these investments were made via Reliance Industrial Investments and Holdings Ltd…
Ankur Prakash, Wipro Ltd’s vice-president, manufacturing strategic business unit and Latin America, has quit the firm according to a Mint article. Ankur is not the only person to leave the IT firm in the past few months, earlier last month Wipro’s healthcare and life sciences head Jeffrey Heenan Jalil left the firm due to some unknown reasons.…
Mumbai based health insurance provider, Cigna TTK, established in 2012 as a joint venture between the global insurance giant Cigna and Indian conglomerate TTK. Cigna TTK ranked 96th on the list of 100 best places to work in India in 2018. Making it to the elite list for the third consecutive year in a row, the company…
Coca-Cola has appointed Asha Sekhar as its Vice President & Chief Digital Officer, India and South West Asia. In this newly created leadership role, which focuses on the company’s journey towards digital transformation, Asha will build foundations necessary for business growth, drive opportunities and strengthen Coca-Cola India’s digital ecosystem. Announcing the elevation, T Krishnakumar, President, Coca-Cola India & South…
Tata Consultancy Services Limited, one of India’s biggest employers for fresh engineering talent is changing its orthodox way of hiring engineering graduates. The firm will henceforth be conducting an online test called the National Qualifier Test (NQT) on its digital platform TCS iON. In the usual recruitment process, TCS visits engineering colleges and conducts recruitment…
Facebook has named Ajit Mohan as their Vice president and Managing Director for India. He has been the the Chief Executive Officer of Hotstar, the popular online streaming platform of Star network. At Facebook, Mohan will be responsible for aligning teams and driving Facebook’s overall strategy in India. He will be reporting to David Fischer, Vice-President…
The US-based IT firm Cognizant, on Monday, announced that the company’s Board has elected Michael Patsalos-Fox as its new Chairman. Patsalos-Fox, 65, succeeds John E Klein, who has served as Chairman for nearly 15 years and will remain a Board member. Prior to his new role, Patsalos-Fox was working with Finance, Management Development and Compensation, and…
L&T Technology Services Limited, a multi-national publicly-traded subsidiary of the Indian-based conglomerate Larsen & Toubro, today announced that the firm has won a multi-year deal worth $40 million to provide digital content management services to a leading technology company’s industrial products segment. In a press release, the company has said that it would be providing…
Kredent InfoEdge Pvt. Ltd., a leading FinTech (Financial Technology) company from Kolkata, has announced that it has received Pre-Series A funding from renowned stock market investor Mr. Ramesh Damani and others. Ramesh Damani has been a member of the Bombay Stock Exchange since 1989. He is well known for his exceptional skills in identifying promising businesses and invests in them…