BharatPe co-founder Ashneer Grover and his wife Madhuri Jain were stopped at the Delhi international airport following a look out circular issued against them in the alleged fraud at the fintech firm, sources said. The couple were to travel to New York late on Thursday for vacation when they were stopped at the airport on the basis of a look out circular issued by the Economic Offences Wing (EoW) of the Delhi police. EoW is investigating complaints of payments being made at BharatPe to fake human resource consultancies allegedly operated by Grover and family. They have also been accused of backdating invoices to use funds.
Jobs specialising in the creation and management of AI tools may witness rising salaries due to the niche expertise they require. Skills in AI research, development and the practical application of AI tools in business settings will also see strong demand.
The Economic Offences Wing of the Delhi Police has filed an FIR against former BharatPe co-founder Ashneer Grover, his wife Madhuri Jain Grover and family members Deepak Gupta, Suresh Jain and Shwetank Jain for an alleged Rs 81 crore fraud after a complaint by the fintech unicorn. The FIR, a copy of which has been seen by PTI, was filed under eight sections of the Indian Penal Code, including 406 that deals with criminal breach of trust, 420 (cheating and dishonesty), 467 and 468 (forgery). BharatPe in the complaint alleged that Grover and his family caused damages of about Rs 81.3 crore through illegitimate payments to bogus human resource consultants, inflated and undue payments through passthrough vendors connected to the accused, sham transactions in input tax credit and payment of penalty to GST authorities, illegal payment to travel agencies, forged invoices by Madhuri Jain and destruction of evidence.
It is just a week since Narendra Modi has taken over as prime minister and hiring sentiments have started showing a positive trend.
As many as 15-20 million jobs may be created which could get a boost if BJP comes at the centre on its own.
It's time for employers to get ready for a generation - born in the digital age - that will be a lot smarter than its predecessors.
When one of your employees decides to move on, use a carefully designed exit interview to involve him in defining the problems and generating solutions.
However, the Indian government and companies need to focus on understanding the skill sets they would need in the future and train the country's young population accordingly to maintain the supply-demand balance of the job market, Manpower Group President (Global Corporate and Government Affairs) David Arkless told PTI in an interview in Davos.
Aon Hewitt, the global human resource consulting and outsourcing business of Aon Corporation, has announced the results of its 7th Best Employers in India 2011 study.
While the reason for this may be genuine concern for the environment in the case of some firms, others may have gone ahead with the exercise simply to be branded as 'green' firms.
Software giant Microsoft has topped a list of the world's best multinational companies to work for, where all the top-ten positions have been bagged by American firms.
Indians are projected to see a 12 per cent rise in salaries in 2012.
The annual study by Hay Group, in partnership with Bloomberg BusinessWeek.com, ranked the best companies for leadership globally and examined how those companies develop leaders.
A large number of management schools in the country have begun outsourcing the process of student placements to human resource consultants. Traditionally, B-schools have an in-house placement team, headed by a faculty member. Several B-schools, on condition of anonymity, confirmed they had hired HR consultancies to find jobs for their students. Many of them also plan to have the agencies help out with placing their students as interns with companies.
In one of the first surveys of homegrown companies that are expanding globally, human resource consultancy firm Mercer has identified the latest international assignment policies for managing a globally mobile group of employees and the challenges faced by employers. "Some of the most common challenges faced by employers of international assignees are those regarding competitiveness of expatriate packages, issues with different tax structures and of overall cost containment.
Information, communication and entertainment have given way to the new ICE, he says, adding that a steady revival of the job market in these sectors has prompted this change.
India is likely to witness a moderate salary increase of 7.25 per cent this year after registering years of double-digit growth as recession is affecting the pay, benefit and job prospects for employees, global human resource consultancy firm Hay Group has said.
Prof R S S Mani and Associates (Human Resource Consultancy and Career Development Centre), Chembur is offering summer internships.
Overall, the survey shows that salary increases across industries at 14.8 per cent are roughly the same as last year (14.5 per cent).
According to a report by Hong Kong-based human resources consultancy major ECA International released on Wednesday, Mumbai has recorded second highest annual growth of 21 per cent in residential rental after 33 per cent for Singapore in 2007. Mumbai has now become Asia's third and the world's sixth most expensive location to rent a three-bedroom apartment. This makes it costlier than places like Seoul, Singapore, Paris, Shanghai, Dubai, Beijing, St Petersburg and Amsterdam.
After quitting Infosys Technologies Limited as its senior vice-president and group head, human resources, Hema Ravichandar has now joined Mercer Human Resource Consulting as an independent consultant.
Working in an organisation that is going through crisis? Can't decide between staying or leaving the job? Well, don't fret, for here are some tips which can help you decide whether to stay or go from the company.
With multinational companies across the globe increasing the number of their international assignments, more and more female workers are going on expat jobs with Asia Pacific region leading the trend.
With corporates facing shortage of talent, India is likely witness over 14 per cent increase in salaries annually for the next three years even as there has been a sharp rise in input costs, a latest study says.
Ma Foi Employment Trends Survey (METS), conducted by Ma Foi, one of India's largest HR consultancy firm has predicted a 3 per cent increase in employment in 2008. The largest chunk of the new jobs according to the survey would be generated by hospitality sector which is riding high with the tourism boom in the country. In the city analysis, Mumbai is poised to generate the highest number of jobs, followed by Delhi, Chennai and Kolkata.
Delhi has to go a long way in becoming a world-class city in terms of quality of living, due to its relatively poor health and sanitation conditions, a recent survey suggests.
Most top Indian CEOs are engaged in seeking new information, technology and ideas to improve their businesses as opposed to their US and European counterparts for whom issues such as reputation and succession planning are more significant, according
IDBI has hired human resource consultancy firm Hewitt & Associates for advice on introducing cost-to-company approach and an integrated compensation package for employees, chairman and managing director M Damodaran said on Friday.
The projected pay hike in India is expected to be 11.3 percent, which after adjusted against an inflation of 4 percent, translates into a real salary hike of 7.3 percent.
New Delhi is the best city to live in among the metros in India and can boast of the highest standard of living in the country according to the Worldwide Quality of Living Survey.
According to a Worldwide Quality of Living survey conducted by Mercer Human Resource Consulting, India's two best cities Delhi and Mumbai are ranked at 150 -- 29 positions behind Colombo ranked at 121.
India, which registered highest average salary increase at 13.9 per cent in Asia in 2005, is expected to continue the trend of increased pay cheque with just 2.6 per cent of employers expecting salary freeze in the next year.
A survey, conducted by London-based human resources consultancy firm Mercer, said Bangalore, along with Chennai, ranked 112 in the world on the indices of personal safety and quality of life.
The fourth annual survey of best employers in India by global human resource consultancy firm Hewitt Associates will also rank companies which employ blue collar workers.
Although the SARS outbreak had a 'moderate' effect on trade and investment flows between India and ASEAN countries, domestic industry could expect a spur in business in tourism, human resources, consultancy and food processing.
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