Qantas Airways plans to cut 500 jobs in Australia. Qantas employs over 90 per cent of its 32,500 employees in Australia. The airline also plans to consolidate some engineering, ground and maintenance operations in its Sydney hub. This announcement comes post a massive fall in the first half profit of the airline. The cuts are…
Category: News
Cathay Pacific Airlines, to hire 200 attendants in 2012
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Cathay Pacific Airways has plans to hire 200 flight attendants in 2012 as part of India expansion plan. As a part of the hiring plan, over 2,000 shortlisted candidates of Indian nationality, over 18 years of age and fluent in Hindi and English, will be invited to interview sessions in February. Successful applicants will be…
BMW Financial Services India appoints new MD & CEO
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Mr. Dan DeChristopher (53) has been appointed as the new Managing Director and Chief Executive Officer of BMW Financial Services India, effective 27 January 2012 and will be based at the company’s headquarters in Gurgaon (National Capital Region). Prior to joining BMW Financial Services India, Mr. DeChristopher worked as General Manager – Sales and Marketing…
Mohit Talwar, appointed as Deputy MD for Max India
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Mohit Talwar, has been elevated to the post of the Deputy Managing Director for Max India. He would also hold the portfolio of Additional Director on the board of Max India. In his new role, he will continue to report to Rahul Khosla, Managing Director (MD), Max India Ltd.
Summit Partners sets up India office in Mumbai
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Summit Partners is a growth equity firm that invests in rapidly growing companies. Founded in 1984, Summit has raised more than $14 billion in capital and provides equity and credit for growth, recapitalizations and management buyouts. Summit Partners has offices in Boston, Palo Alto, London. The company has today (15 Feb 2012) announced that it…
HCL BPO to cut 255 jobs in Belfast and Armagh in its Ireland Operations
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HCL BPO, employs about 800 people in operations in Belfast and Armagh in Ireland. It is reported that of these 425 staff have been put on 90-day notice. This comes from a decision to close an office in Northern Ireland’s Armagh and cut staff in Belfast. The company expects to save about 170 of those…
Cognizant inks 5 year multi million dollar outsourcing deal with Future Group
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Future Group Selects Cognizant for End-to-End IT Infrastructure Services Support to Sustain High Velocity Growth and Drive Business Transformation Cognizant, one of the leading provider of IT, consulting, and business process outsourcing services, announced that it has entered into a five-year, multimillion dollar engagement with Future Group, India’s largest multi-format retail group. As a part…
Additional investments in FirstCry.com, Myntra.com by VC’s
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Firstcry.com (Brainbees Solutions Pvt Ltd), an online retailer selling babycare and maternity product has received a series B investment of $ 14 Million by IDG Ventures & Saif Partners. The company had received $ 4 Million by SAIF partners in its initial round of funding in May 2012. Brainbees, also sells cosmetics and personal hygiene…
Analjit Singh, the new non-executive Chairman of Vodafone India operations
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Telecom major Vodafone has appointed Max India founder, Mr Analjit Singh, as the non-executive Chairman of its India operations. The appointment is effective February 16, 2012, following formal approval from the board of Vodafone India. Mr Singh, a leading industry figure, is the founder and Chairman of Max India as well as its subsidiaries like…
Confirmed: Flipkart acquires Letsbuy.com
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It has been confirmed that Flipkart is buying out Letsbuy.com. Flipkart is the largest online retailer in India, and letsbuy.com has been a strong player in vertical – consumer electronics, gadgets retail, since its starting up in 2009. It is reported that – “The acquisition is a combination of cash and equity and the…
Flipkart may acquire LetsBuy ..
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It seems that Flipkart is on way to acquire LetsBuy*. Flipkart had started as an online retailer of books, and has diversified into almost all key segments including consumer electronics, appliances, gadgets etc. Flipkart, has been rising steadily and growing fast, its initial growth was built on its reputation around efficient service and its cash…
Dunkin Donuts first store to open in Delhi
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Jubilant Foodworks would be setting up its first Dunkin Donuts store in Delhi early this year. The company had got into a master franchisee agreement with Dunkin Donuts last year. The master franchise agreement calls for Jubilant Food Works to develop, sub-franchise, and operate more than 500 Dunkin’ Donuts restaurants throughout India over the next…
Thomas Cook plans to sell its 77 percent stake in Indian operations..
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Batelco (Bahrain Telecom) selling its stake in S-Tel to Indian partners.
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Batelco Group Announces the Sale of its stake in STel India 8 February 2012: Batelco Group (Bahrain Telecommunications Co), the Middle Eastern regional telecommunications operator, today announced its agreement for the sale of its 42.7 % shareholding in STel Private Limited (STel), a mobile operator in India. This is a part of an earlier understanding…
Nokia plans changes in its manufacturing operations
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Nokia plans changes to its manufacturing operations to increase efficiency in smartphone production. The changes are anticipated to impact approximately 4,000 employees in total. February 8, 2012, Espoo, Finland – Nokia has today announced planned changes at its factories in Komarom, Hungary, Reynosa, Mexico and Salo, Finland. The measures follow a review of smartphone manufacturing…