Rajiv Suri's resignation is effective August 25, the company said in a stock exchange filing. Suri quit for personal reasons and would pursue a career outside India, it added.
The country's largest software services firm, Tata Consultancy Services (TCS) on Monday reported a 14.9 per cent rise in consolidated net profit to Rs 9,246 crore for the March 2021 quarter.
Indian telecom seems to be getting back on its feet.
Last Friday, the apex court had ordered Nokia to give a Rs 3,500-crore (Rs 35-billion) guarantee before it transferred its Sriperumbudur facility, one of its biggest plants globally.
Managers who procrastinate are more likely to display abnormal and unpleasant behaviour.
'When people feel they are trusted, they invariably do their best, both as individuals and as a collective team.'
Restructuring is expected to cost the company $247 million in the fourth quarter of fiscal 2009 ending August 31. Of the costs, about $119 million would be related to reduction of excess office space globally and the remaining for severance and related costs of workforce reduction.
Job cuts in Indian IT companies will be 1.75 -2 lakh per year in next 3 years, due to under- preparedness in adapting newer technologies, says Head Hunters MD
Such businesses outperform non-family firms by 3% in first six months of CY20, says Credit Suisse report.
The age of buying into ideologies just because they sound nice is long gone says Piyush Kedia.
Sector experts say rising pressure on margins owing to price discounts on the core business, increased hiring in the US and emergence of new technology areas are key reasons for such cost cutting.
According to the survey by global workforce solutions provider Kelly Services, more than half of the Indian respondents (54 per cent) said the differences between Gen Y (aged 18-29), Gen X (aged 30-47), and baby boomers (aged 48-65) make the workplace more productive.
Networking solutions giant Cisco will lay off up to 6,000 employees globally, including India, after it reported a marginal decline in profits and revenues for the fourth quarter.
FMCG firms such as ITC, Parle Products, Marico, Emami, PepsiCo India and CG Corp Global on Wednesday assured uninterrupted supply of their products based on the learnings from the last year's lockdown, even as surge in COVID-19 cases in India forced Maharashtra to declare a 15-day curfew while other states also imposing various restrictions.
'The available workforce is getting depleted.' 'We need to appoint doctors and frontline health workers immediately.'
Like ants declining to question the rules of the anthill, they feel innately justified in their approach, notes Shyam G Menon.
The study brings together the findings from almost 170,000 respondents from 30 countries and examines the issue of leadership in the contemporary workplace from the employee perspective.
'What has gained prominence are 'human' skills like creativity, originality and initiative, critical thinking, persuasion, and negotiation, as well as attention to detail, resilience, flexibility and complex problem-solving.'
According to a well-being survey, mental stress levels for people working at offices and factories have increased substantially in India this year due to economic slowdown.
According to a study by global HR consultancy Mercer, even the largest companies in the country, whether public or private, could do more to help secure adequate retirement benefits for their workforce. In both public and private sector firms the basic salary is 28-30 per cent of the total salary. The basic salary for top management officials in private sector hovers between 25 and 40 per cent, while for other employees it falls in the range of 25 per cent to 30 per cent.
On September 6, the airline informed senior employees that their salaries would be paid in two instalments till November.
Be brave to fail, learn, and lead, advises Abhilash R, founder and CEO, Bloombloom Dreambiz (P) Ltd and B-HUB Lifespaces.
While a number of private wealth management firms have already embraced tablet PCs, others are expected to adopt them soon.
While the lender has Rs 17,000 crore of retail assets and land parcels in Juhu, Borivali, Worli, and Chembur in Mumbai, there may be a disconnect between the quality of DHFL's books and the value bidders ascribe to it.
The Indian Staffing Federation says their demand assumes significance as the formal sector will grow after demonetisation and the segment will play a crucial role in that.
Among the plans for headcount reductions in recent times, banking behemoth Citigroup's decision to slash over 52,000 jobs is reportedly one of the largest layoffs in history. The Bank of New York Mellon is the latest to join the league of American companies which have announced massive job cuts in the wake of the ongoing financial turmoil.
'Hybrid learning is the future, and test prep is a big segment within the entire education space in India.'
The IHS Markit India Services Business Activity Index stood at 5.4 in April, an extreme decline from 49.3 in March, and indicative of the most severe contraction in services output since records began in December 2005. As per the IHS Markit India Services Purchasing Managers' Index (PMI), a print above 50 means expansion, while a score below that denotes contraction.
There was a worry that such a policy would hamper businesses, create resentment among the male staff and perhaps also discourage companies from employing women. However, this has proved to be misplaced.
There are concerns in the industry around budget cuts by clients and layoffs, as enterprises grapple with reduced earnings amid lockdowns across various parts of the globe.
The current headcount in Maruti stands at around 9,350, including the 200 employees it hired since the beginning of this fiscal.
Nearly 490 million people of working age are outside the bounds of India's unemployment assessments. A decrease in the unemployment rate could signal economic growth, but could just as well mean that people have given up looking for work. A revealing excerpt from Tata Sons Chairman N Chandrasekaran and Tata Chief Economist Roopa Purushothaman's Bridgital Nation: Solving Technology's People Problem.
'When 99.9 per cent of the most vulnerable are above 65, I see no logic in this sweeping lockdown in a country in which 94 per cent are below 65.' 'The most sensible thing to do would be to recalibrate this unnecessary lockdown as soon as possible.'
The latest variant is the most heavily mutated version discovered so far.
In wake of the coronavirus pandemic, US auto major Ford has asked its 10,000 employees in India, except those in business-critical roles, to work from home, a step which has also been taken up by Swedish luxury car maker Volvo. A Ford India spokesperson said, in recent days, the company has concluded that the issue of coronavirus has taken on a different dimension.
Tata Sons chairman N Chandrasekaran on Thursday said even though a "hybrid" model will be the new normal in future, India's largest software exporter TCS will ask employees to come to work once the pandemic is over as social interactions are a social necessity. "I do want to make the point that people need to meet people. It is a social necessity. "So, there will be a shift towards moving people to work when the pandemic gets over," Chandrasekaran, who also chairs TCS, said at the company's annual general meeting. At present, 97 per cent of the company's staff have been working from their homes because of the pandemic, he said, admitting that a "hybrid" model where people work from homes and also from offices will be the new normal.
Wipro's ServiceNXT Operations framework will be utilised to manage PMI's technology and applications infrastructure.
While Ola will be restarting services in over 60 cities across the country from Tuesday, Uber, on the other hand, will restart services in 13 more cities from Tuesday, increasing coverage to over 35 cities.
In the fifth of a six-part series on the impact of demonetisation, Avishek Rakshit senses a storm brewing over the 850-odd tea gardens in the north eastern state, which have a weekly and fortnightly payment cycle.
