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Infosys attrition increased to 13.9% in Q1 of the FY 2021-22
Industry

Infosys attrition increased to 13.9% in Q1 of the FY 2021-22

India’s second-largest IT company Infosys has announced its first-quarter Q1 results for the financial year 2021-22. The company has reported a consolidated net profit of Rs 5,195 crore for the quarter ended June 30, thereby growing 2.3 percent sequentially. The company’s Q1 consolidated revenue came in at Rs 27,896 crore, up 17.87 percent YoY, as against Rs […]

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Uber ropes in Accenture’s Divya Garg as Head- HR, India and South Asia
Appointments

Uber ropes in Accenture’s Divya Garg as Head- HR, India and South Asia

Uber appoints Divya Garg as Head- HR for India and South Asia region. In her new role, She will work closely with India, South Asia leadership team to consolidate Uber’s growing presence in these strategic markets and build a diverse and inclusive work culture. Most recently, Divya was working with Accenture, where she consulted in […]

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Citi India’s VP- HR Heena Naithani joins Airtel Business as Head- HR
Appointments

Citi India’s VP- HR Heena Naithani joins Airtel Business as Head- HR

Bharti Airtel, a global telecommunications company, appoints Heena Naithani as Head of HR – Airtel Business. Most recently she was working with Citi India (Citibank India) as Vice President- Human Resources. “Today, more than ever before, HR plays a crucial role in enabling change for organisations to thrive and navigate disruptions. In the new normal, […]

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Mindtree reports 13.7 % attrition, adds over 3,442 people to its workforce
Industry

Mindtree reports 13.7 % attrition, adds over 3,442 people to its workforce

On July 13, IT firm Mindtree has announced its Q1 results for the financial year 2021-22. The company has reported a 61% year-on-year rise in its Q1 net profit at Rs. 343.3 crore as compared to Rs. 213 crore in the same quarter last year. The net profit was up 8% on a sequential basis. Announcing Q1 results for […]

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UNIBIC Foods ropes in Marico veteran Naveen Pandey as CEO
C-Suite Move

UNIBIC Foods ropes in Marico veteran Naveen Pandey as CEO

UNIBIC Foods, one of India’s leading FMCG companies announced the appointment of Naveen Pandey as its Chief Executive Officer. Naveen will be responsible for leading the strategic direction and growth journey of the Company. Naveen has over two decades of senior management experience in the Indian FMCG space. An alumnus of Indian Institute of Management, Indore, Naveen has had successful […]

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TCS partners with Converge ICT Solutions Inc
Partnership

TCS partners with Converge ICT Solutions Inc

India’s IT major, TCS partners with Converge ICT Solutions Inc to help the broadband provider simplify business processes, speed up product innovation, and personalize customer engagement. In a regulatory filing, TCS announced that it is partnering with Converge, an end-to-end high-speed fiber broadband provider in the Philippines, to help the latter further enhance the customer […]

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Federal Bank reappoints Shyam Srinivasan as MD & CEO till Sept 2024
C-Suite Move

Federal Bank reappoints Shyam Srinivasan as MD & CEO till Sept 2024

Reserve Bank of India has approved the re-appointment of Shyam Srinivasan as MD and CEO of Federal Bank for a period of three years, starting from September 23, 2021. His re-appointment will come into effect from September 23, 2021 to September 22, 2024. Srinivasan took over charge as CEO of Federal Bank on 23 September […]

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Flipkart to buyback employee stock options worth Rs 600 crore
Industry

Flipkart to buyback employee stock options worth Rs 600 crore

Walmart-owned Flipkart will undertake a buyback employee stock options worth about Rs 600 crore, according to sources. Earlier in the day, Flipkart announced raising USD 3.6 billion (about Rs 26,805.6 crore) in funding from a clutch of investors that valued the e-commerce major at USD 37.6 billion (about Rs 2.79 lakh crore). In an e-mail […]

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Steel Minister held performance review meeting of SAIL, NMDC, MECON
Industry

Steel Minister held performance review meeting of SAIL, NMDC, MECON

Union Steel Minister Shri Ram Chandra Prasad Singh on July 12 held Video Conference with Chairman, SAIL, CMDs of NMDC and MECON, to review the activities and performance of these CPSEs. Chairman/CMDs made the presentations to inform about the organisation, ongoing activities, projects, financial performance, and the way forward. While reviewing the performance, Union Minister […]

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TCS attrition goes up in Q1 of the financial year 2022
Industry

TCS attrition goes up in Q1 of the financial year 2022

India’s largest IT Major, TCS has announced its first-quarter Q1 (quarter ending on June 30) results of July 8, 2021. TCS reported attrition of 8.6 per cent in Q1. Although the attrition rate is the lowest among peers, it has gone up from the previous quarter’s 7.2 per cent, ending on March 31. Recently, Accenture […]

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Twitter appoints Vinay Prakash as Grievance Officer for India
Appointments

Twitter appoints Vinay Prakash as Grievance Officer for India

The US social media giant’s Twitter has appointed Vinay Prakash as the new grievance officer, providing contact details and procedures for users to report potential violations of its rules and terms. And the company has also released its first India Transparency Report to meet the new IT rules. Earlier, Twitter had appointed Dharmendra Chatur as its interim […]

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TCS plans to bring employees back to office by September this year
Industry

TCS plans to bring employees back to office by September this year

India’s largest IT major, TCS has the target to get vaccinated all of its 5 lakh employees by September this year and bring them back to office on a regular basis. said Rajesh Gopinathan, CEO. While responding to media on July 9 after the Q1 results announcement, Gopinathan said, “We are all hoping to get our […]

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