News: HR News, Trends & Workplace Insights

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Updated on: Nov 2019
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IndusInd Bank has finalized the name to take over from CEO Romesh Sobti
C-Suite Move

IndusInd Bank has finalized the name to take over from CEO Romesh Sobti

IndusInd Bank on October 31 announced that its board has finalized the name of the next Managing Director and Chief Executive Officer. Current MD & CEO Romesh Sobti, who joined the bank in February 2008, will retire in March 2020, when he turns 70. The bank has submitted an application to the Reserve Bank of India […]

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Three Indian-origin CEOs in Harvard Business Review’s top 10 best-performing heads
Press Release

Three Indian-origin CEOs in Harvard Business Review’s top 10 best-performing heads

Three Indian-origin CEOs, Shantanu Narayen, Ajay Banga and Satya Nadella are among the world’s top 10 best-performing chief executives, featured in a list complied by the Harvard Business Review (HBR). ‘The Best-Performing CEOs in the World, 2019’ list by the HBR features 100 CEOs and has been topped by American technology company NVIDIA’s CEO Jensen […]

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Cognizant to lay off 7,000 employees
Jobs

Cognizant to lay off 7,000 employees

IT Major Cognizant plans to lay off at least 7,000 mid-senior level employees over the next few quarters. The company has also announced it would exit the content moderation business for clients such as Facebook and Google – a move that will affect another 6,000 jobs. The decision comes after a few investigations raised questions […]

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Tata AIG Appoints Jitesh Bawa as Senior Vice President- Human Resources
CHRO Move

Tata AIG Appoints Jitesh Bawa as Senior Vice President- Human Resources

Tata AIG General Insurance Company Limited appoints Jitesh Bawa as Senior Vice President- Human Resources. Prior to joining Tata AIG Jitesh has been working with Edelweiss General Insurance Company Limited as Chief Human Resource Officer for the last two and a half years. Tata AIG General Insurance Company Limited is a joint venture between the […]

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40,000 telecom jobs at risk over the next six months
Jobs

40,000 telecom jobs at risk over the next six months

The Indian telecom sector is staring at 40,000 job cuts over the next six months. Following the Supreme Court’s verdict asking telcos to pay up Rs 92,641 crore to the department of telecom (DoT) over the AGR (adjusted gross revenues) dispute, telecom companies might have to reduce their workforce by about 20 percent. “The Supreme […]

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55 Lakh Workers To Benefit From Delhi Minimum Wages
Press Release

55 Lakh Workers To Benefit From Delhi Minimum Wages

Delhi Chief Minister Arvind Kejriwal, announced an increase in minimum wages and said that 55 lakh workers to benefit from increased minimum wages notified by Delhi Government after Supreme Court Order. He also announced that the employees will also get dearness allowance for the months of April to September and a Diwali bonus of one […]

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ITC Infotech appoints new CHRO
CHRO Move

ITC Infotech appoints new CHRO

ITC Infotech appoints Suchismita Burman as the new Chief Human Resources Officer. She is based out of Bangalore. Suchismita Burman joins ITC Infotech in June 2019 from Deloitte India where she was Vice President- Human Resources since 2015. Prior to Deloitte, she has worked with companies like Cognizant Technology Solutions, Infinite Computer Solutions, AOL, Mercer, […]

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Suzlon Energy faces an exodus of Independent Directors due to defaulter status
C-Suite Move

Suzlon Energy faces an exodus of Independent Directors due to defaulter status

Suzlon, India’s leading wind turbine manufacturer company has seen an exodus of independent directors recently. All independent Indian directors including bank nominees have resigned from the board over the past two months. According to Business Line reports, Suzlon, India’s leading wind turbine manufacturer, defaulted on payment of Rs 1,169 crore ($172 million) due to its […]

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Gautam Anand Joins Positive Moves Consulting As Partner
CHRO Move

Gautam Anand Joins Positive Moves Consulting As Partner

Positive Moves Consulting, a global cross border executive search firm, on Wednesday, 23rd October 2019, announced the appointment of Gautam Anand as a Partner. “Gautam joins Positive Moves from Bharti Airtel where he spent over ten years and was most recently the CHRO” He spearheaded the people agenda during a time of massive industry disruption […]

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M&M is likely to announce major leadership changes. Who is next Chief HR?
C-Suite Move

M&M is likely to announce major leadership changes. Who is next Chief HR?

According to a CNBC report, Mahindra & Mahindra is likely to announce major leadership changes after the company’s board meeting on November 8 or in December. These changes could take effect over the next six months. 34 top executives of Mahindra & Mahindra, under the age of 53, have gone through a future leadership program […]

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Wipro’s new plan to deal with employee attrition
Jobs

Wipro’s new plan to deal with employee attrition

IT major Wipro is planning to promote around 5,000 employees in the coming quarters, to check attrition and make the IT firm ready for future demand. “Attrition (rate) has been a good story for us as compared to others. We have given salary hikes and now are looking at a huge number of promotions in […]

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