The government on Wednesday decided to allow private sector employees to apply for top management jobs in PSU companies like Indian Oil, NTPC and SAIL.Private sector executives who meet the eligibility criteria for top-level management positions for which the Public Enterprises Selection Board (PESB) conducts selections, will be considered as "non-internal" candidates. Most board-level appointments in PSUs have a five-year tenure.
The management changes come amid talks that the company is preparing for an IPO in the United States.
With carriers such as Jet Airways and Kingfisher Airlines all set to battle it out on international routes, leading expatriates with years of experience in global airlines are now being wooed for top management posts.
A major top management level churn is on in the country's financial services space, with the Aditya Birla group emerging among the biggest beneficiaries of this shake-out as it has attracted a large number of executives from other companies.
World number two Rafael Nadal criticised the ATP on Thursday for promoting a court surface he said was the toughest on the bodies of the players.
In a nation divided by many things, the 12-digit unique identity number is holding lives to ransom.
As A M Naik stepped down as L&T CEO, there are some things he still needs to take care of. And given his love for his company that's not the last we are going to hear of him yet.
Given the escalating cost of doing business, the revenue opportunity is decreasing and consolidation is an inevitable part of the industry.
Citigroup Inc is closing a hedge fund co-founded by chief executive officer Vikram Pandit, 11 months after the bank bought the fund management company for more than $800 million.
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This is the third meeting between the two parties, including one in which the Company Law Board had taken part.
Summary of sports events and persons who made news on Tuesday
The IEMs could be those former officers of government and PSUs who have retired from top management positions and also eminent persons and executives from the private sector.
These measures, under preliminary discussion with the central bank, come soon after Hexaware Technologies, an IT services company, recently said it was providing Rs 80-100 crore due to losses allegedly on account of foreign exchange transactions fradulently entered into by one of its officials with banks.
Banking sources said with the MTN shareholders asking for a higher price than what Bharti had initially offered, the Indian telecom company might now pay 50 per cent of the money in cash and the rest through shares in Bharti Airtel. The sources added that MTN is also believed not to favour signing an 'exclusivity' contract with Bharti Airtel under which it would be bound not to talk to any other competing bidder till the negotiations with them have been concluded.
Volkswagen overtook Toyota as the world's largest carmaker by sales.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
Even as a heated debate goes on in the corridors of power and academic circles on the impact of large retail chains on small shops, in one sector it is clear that the big players are close to biting dust. At least two large pharmacy chains are up for sale, industry sources said. Some others have shaken up their top management, while a few have cut back on their expansions. One is trying to rediscover its business model by looking at rural markets. And all are woefully short o
England's League Managers' Association has revealed that the average tenure of a Premier League manager is now little more than two seasons, with 11 of last year's 20 starters already kicked out.
The government will soon finalise a reshuffle of top management teams in the country's leading 11 public sector banks (PSBs), 10 of which are listed on the stock exchanges. They include the country's third largest bank, Canara Bank, and fifth largest bank, Bank of Baroda.
'She was either overconfident that nothing will happen to her or she underestimated the gravity of the allegations.'
Top management of high-tech companies have been asking the US government to rework their Senate immigration bill to allow them to hire more foreign workers.
Two experts who took for the Common Admission Test this year, breaks down the paper for you.
The Rs 13,000-crore consultancy industry will face skilled manpower crunch, as it will create a capacity of over 220,000 top management consultants by 2010, found a study by Elixir web solutions on recruitment process outsourcing. The shortage is estimated to be around 10-12 per cent of the demand. The industry is growing at a rate of 20 per cent per annum and within it the Information Technology consulting sector is growing faster at 30 per cent per annum.
Manchester United captain Wayne Rooney believes finishing in the Premier League's top four last season was essential for the record 20-times English champions.
Responsibility can be written down as a job description -- accountability is about commitment.
Organisations believe that a stable govt will boost their business
Ranjita Ganesan visits The Indus Club, which is not just another old boys' club.
The Essar group-owned company's agreement with the Bangalore-based BPL group, which owns the brand through its flagship firm, had expired on March this year.
Realising India as its platform for globalisation efforts, US-based networking giant Cisco on Monday said it will increase its headcount in the country by over three-fold to 10,000 by 2010.The company currently has 3,000 people in India, John Chambers, CEO, Cisco said. In October 2005, Cisco had announced an investment of $1.1 billion in India for the next 2-3 years.
After factors such as tax and cost of living are taken into consideration, corporate India's top brass can boast of an average disposable income of just $92,750 compared to other fast growing economies like Brazil, Russia and China.
For the batch of 2007 graduating from the top management schools in the country, the placement season saw records tumble like nine pins.
'Wipro's strength has been innovation and that will continue.'
Life Insurance Corporation of India (LIC) on Friday got its first female managing director and another new MD.
ABB's Uppal symbolises the rise of Indian manufacturing, management, IT and also authentic Indianness. That's saying a lot.
The government package for public sector banks, announced last Friday, has been welcomed by the stock market with the PSU banking index booking smart gains.
News of all that's transpired on and off the football field
Mallya and his group firms are already facing a probe by Enforcement Directorate for alleged diversion of loans taken by long-grounded Kingfisher Airlines
With the recruitment process set to end by March 31, 18-20 students have already bagged their first offer and most of them are in the process of finalising their second.
Jignesh Shah, the promoter of Financial Technologies India Ltd, on Wednesday resigned from the board of MCX Stock Exchange, amid continuing Rs 5,600 crore (Rs 56 billion) payment crisis at group company NSEL.
Talent squeeze has been eroding some benefits of Indian vendors.
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