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Mahindra & Mahindra Finance appoints Anish Shah as Chairman
C-Suite Move

Mahindra & Mahindra Finance appoints Anish Shah as Chairman

Mahindra & Mahindra Finance appoints Anish Shah as Chairman Mahindra & Mahindra Financial Services (Mahindra Finance) has announced the appointment of Anish Shah as the chairman of the board, effective April 2, 2021. Shah is already a director of the company. He is the deputy managing director and group CFO of Mahindra and Mahindra […]

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Tech Mahindra to cut BPO staff by 5,000 in FY21
Jobs

Tech Mahindra to cut BPO staff by 5,000 in FY21

Tech Mahindra to cut BPO staff by 5,000 in FY21 due to automation Despite rising revenues, IT major Tech Mahindra is set to reduce its business process services (BPS) headcount by 5,000 to 38,000 in FY 2020-21, as a larger part of the tasks get completed through automation and artificial intelligence. Company executives said there is a […]

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Siemens Energy to shed 7,800 jobs worldwide
Jobs

Siemens Energy to shed 7,800 jobs worldwide

Siemens Energy to shed 7,800 jobs worldwide Energy technology company Siemens Energy said Tuesday that it plans to shed 7,800 jobs worldwide by 2025 as part of a drive to cut costs. The company, which was spun off last year by German industrial conglomerate Siemens AG, currently has more than 90,000 employees around the world. It […]

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Cognizant Completes Acquisition of Magenic Technologies
Merger & Acquisition

Cognizant Completes Acquisition of Magenic Technologies

Cognizant Completes Acquisition of Magenic Technologies, Broadening Its Global Software Product Engineering Network Cognizant has completed the previously announced acquisition of Magenic Technologies, a privately-held custom software development services company headquartered in Minneapolis, Minnesota. The acquisition expands Cognizant’s software product engineering footprint, adding 475 employees in the U.S. across seven locations, and more than 350 […]

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Infra and healthcare will boost growth, generate jobs: US chamber of commerce
Jobs

Infra and healthcare will boost growth, generate jobs: US chamber of commerce

Infra and healthcare will boost growth, generate jobs: US chamber of commerce A Boston-based India-centric chamber of commerce on Monday said the increase in healthcare outlay in the latest annual budget will lead India towards a healthier country and the thrust on infrastructure will boost growth and generate jobs. “Overall, these announcements are rightly directed […]

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EPFO: Interest on your PF contributions over Rs 2.5 lakh to be taxed
EPFO

EPFO: Interest on your PF contributions over Rs 2.5 lakh to be taxed

EPFO: Interest on your PF contributions over Rs 2.5 lakh to be taxed Interest on employee contributions to provident fund over Rs 2.5 lakh per annum would be taxed from April 1, 2021, a move aimed at taxing high-value depositors in the EPF. Finance Minister Nirmala Sitharaman said the Employee Provident Fund (EPF) is aimed […]

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Top 5 HR Priorities of HR Budget -2021
Compensation & Benefits

Top 5 HR Priorities of HR Budget -2021

Top 5 HR Priorities of HR Budget -2021 I remember reading an article sometime back where The Economist had conducted a study post the Global Recession and analyzed how it impacted major roles in the organizations. The biggest loser as per the study was CHRO as HR experienced the greatest budget restrictions. With the world […]

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TCS Recognized as a Global Top Employer for Sixth Consecutive Year
Industry

TCS Recognized as a Global Top Employer for Sixth Consecutive Year

Tata Consultancy Services Also Named a Top Employer in Europe, UK, North America, APAC, MEA, and LATAM for its Best-in-class HR Practices and Employee Culture Tata Consultancy Services (TCS) a leading global IT services, consulting, and business solutions organization, has been named a Global Top Employer by the Top Employers Institute for the sixth successive […]

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Human Resources Budget-2021, Challenges Post COVID-19
Compensation & Benefits

Human Resources Budget-2021, Challenges Post COVID-19

Human Resources Budget- 2021, Challenges Post COVID-19 We all come across phrases like “This is the new normal”. I do not believe in the statement as there is nothing called a new normal. What seems new normal today, organizations are going to evolve and make processes and strategies to deal with the situation till another […]

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HR Priorities and Resolutions for 2021
New HR Trends

HR Priorities and Resolutions for 2021

Time to Refresh and Focus on Core Business Needs Discussions about priorities and resolutions before the end of the year are an exciting ritual despite of the fact that neither the questions nor the responses change. Going through many such resolutions of the past will validate that people talk about digitalisation, automation, analytics, change management, […]

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Robert Bosch Engineering to hire 2,500 people in India this year
Jobs

Robert Bosch Engineering to hire 2,500 people in India this year

Robert Bosch Engineering to hire 2,500 people in India this year Robert Bosch Engineering and Business Solutions (RBEI), the largest offshore development centre for Bosch globally, plans to hire 2,500 people this year to further strengthen its growth momentum and cater to the demand for niche solutions across industries. RBEI, which currently employs over 20,000 […]

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