Manufacturing sector of the Indian industry has consistently underperformed in the last few decades, with a mere 16-17% contribution to the GDP…Will PLI be able to increase the sector’s contribution and actualize its growth potential?
Tag: Job Creation
Why Skilling Is Essential For Job Creation
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•BP to hire 2,000 people in India for its global business service center in Pune
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•Just weeks after announcing massive job cuts across the global, British Petroleum has said that it will hire about 2,000 employees for its upcoming global business service center in Pune. Earlier the company had said that it will lay off 10,000 employees from its global workforce. Announcing the development, the oil giant said that the…
Amid layoffs, Myntra hires 5,000 employees for its ‘End of Reason Sale’
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•Amidst an unemployment crisis across the nation, online fashion store Myntra announced that it has hired about 5,000 employees for its supply chain and customer care department. The recent hiring at the ecommerce company is done to support its 12th edition of “End of Reason Sale”. It is also worth noting that this will be…
Subway Restaurants to add 50,000 jobs in North America amid coronavirus pandemic
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•Amidst an unemployment crisis across the world, Subway Restaurants recently announced that its local Franchise Owners seek to hire approximately 50,000 jobs in North American restaurants. The recent development at Subway further deepens the brand’s community connections as its restaurants can be found in almost every community across the U.S. and Canada, and directly addresses…
Amid coronavirus layoffs, EmpMonitor to hire 100 by December
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•EmpMonitor, an employee monitoring SaaS platform, recently announced that it is planning to ramp up hirings and will hire about 100 people by the end of the year 2020. EmpMonitor is a global provider of employee monitoring, insider threat prevention, and data loss prevention software solutions. The company said in a statement that the new…
Amid job losses, FarEye increases manpower by over 12% during the lockdown
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•As job losses across industries have increased due to the coronavirus crisis, Delhi-based logistics SaaS platform, FarEye announced that it has expanded its manpower with remote hiring by over 12%. The recruitment is fuelled by the surge in usage of FarEye’s platform for delivering essential goods amid the lockdown. The company has successfully maintained and…
NIT Warangal records 80% placement amid slowdown
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•Giving a relief to students fearing an unemployment crisis due to coronavirus pandemic, NIT Warangal recently announced that its students have received plum job offers with 732 of them securing placements. According to a statement released by the institute, the students received a salary package as high as ₹43lk in the recently concluded placement drive.…
Walmart Labs plans to hire 2,800 employees in India
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•Retail giant Walmart’s tech arm Walmart Labs is reportedly planning to hire about 2,800 employees in India this year. According to a report by the Times Of India, the company will hire around 800 employees for operations in Chennai and another 2000 employees will be hired for joining the Bengaluru center. In Chennai, where it…
Capgemini to honour all 8,000 campus placement offers
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•At a time when many companies have hit a pause on hiring, and words like furloughs, pay cuts and job cuts are doing the rounds, French IT services firm Capgemini recently said that it will continue to digitally onboard new employees in India. According to a report by Livemint, the French IT major has said…
Amazon to hire 75,000 employees to keep up with consumer demand
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•The coronavirus pandemic has impacted several jobs globally with nearly 10mn people have filed for unemployment benefits in America alone. The pandemic has forced businesses to close operations and employees have been sent on furloughs for indefinite periods. The International Labour Organization has predicted that globally around 2.5mn jobs would be lost due to the…
Ryan opens additional office in Hyderabad, To hire professionals
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•Global tax services and software provider, Ryan LLC, recently announced the opening of its second office in Hyderabad, India. The new office at Salarpuria Sattva Knowledge City will be used for supporting the company’s accelerated growth. The company also plans to hire people for its new office. In a company statement, CEO and Chairman of…
Uber to enter Indian fintech market with Uber Money
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•Ride-hailing startup Uber has recently announced that it would strengthen its fintech process in India with the formation of Uber Money. It has even set up a team of over 100 technology professionals responsible for global financial products and technology innovations, at its Hyderabad Tech center. With the announcement, the company has surprised many who…
Cohesity to hire for its new facility at Pune
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•Cohesity announced that it has opened a new facility in Pune, Maharashtra, and has plans to hire approximately 100 employees at that site, nearly doubling its presence in Pune. The new office is located in Axis Centra, a modern Class A commercial building in the western neighbourhood of Baner Balewadi and Hinjewadi, which is becoming…
Amazon rolls out electric delivery rickshaws in India
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•In an attempt to reduce its carbon footprint and achieve carbon neutrality by 2040, Amazon CEO Jeff Bezos announced the introduction of electric delivery rickshaws in India. The details of the plan are not yet made public by the company, however, CEO Jeff Bezos through twitter announced the use of e-rickshaws for door-to-door delivery. The…