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Lakshmi N. Mittal to become Executive Chairman; Aditya Mittal appointed CEO
C-Suite Move

Lakshmi N. Mittal to become Executive Chairman; Aditya Mittal appointed CEO

Lakshmi N. Mittal to become Executive Chairman; Aditya Mittal appointed Chief Executive Officer The Board of Directors of ArcelorMittal has announced that Aditya Mittal, currently President, CFO, and CEO ArcelorMittal Europe, will become Chief Executive Officer of the company. Lakshmi N. Mittal, who founded the company in 1976 and is currently Chairman and CEO, will […]

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GE T&D India appoints Mahesh Palashikar as Chairman of the Board
C-Suite Move

GE T&D India appoints Mahesh Palashikar as Chairman of the Board

GE T&D India appoints Mahesh Palashikar as Chairman of the Board GE T&D India Limited (GETDIL) has announced the appointment of Mahesh Palashikar on the Board as Chairman. Mahesh assumes the role of Chairman effective 1 March 2021 and succeeds Vishal K Wanchoo who resigned from Board upon assuming new responsibility with another company, post-retirement […]

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Indian Angel Network plans to invest over Rs 100 cr in start-ups in 2021
Jobs

Indian Angel Network plans to invest over Rs 100 cr in start-ups in 2021

Venture capital consortium Indian Angel Network (IAN) is planning to invest over Rs 100 crore in start-up firms across sectors in 2021, according to a governance committee member and co-founder of the network. IAN co-founder Padmaja Ruparel told PTI that the consortium members will evaluate opportunities in biotechnology, augmented reality, manufacturing and in environment space. […]

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Volvo Car India appoints Jyoti Malhotra as MD
C-Suite Move

Volvo Car India appoints Jyoti Malhotra as MD

Volvo Car India appoints Jyoti Malhotra as Managing Director Volvo Cars India announced the appointment of Jyoti Malhotra as its new Managing Director with effect from March 1, 2021. Currently, he serves as the Director Sales and Marketing, would be the first Indian to head the company in India. Malhotra, who joined the company in […]

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Mismatch of KYC data holds-up EPF interest for 4 mn subscribers
EPFO

Mismatch of KYC data holds-up EPF interest for 4 mn subscribers

Mismatch of KYC data holds-up EPF interest for 4 mn subscribers Retirement fund body EPFO was likely to credit 8.5 per cent rate of interest for 2019-20 in the employees’ provident fund (EPF) accounts of around six crore subscribers in one go on Diwali and then at end of December 2020 but around 4 million subscribers of […]

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HR Priorities for the financial year 2021-22
New HR Trends

HR Priorities for the financial year 2021-22

HR Priorities for the financial year 2021-22 In the process of wrapping up 2020-21 and entering into the new financial year, it has some great learnings to recall and assimilate some of the high impact areas. Some of the strong areas included building a good learning platform over the digital platforms especially for the last mile […]

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TCS Launches Business Unit with Amazon Web Services
Industry

TCS Launches Business Unit with Amazon Web Services

TCS Launches Business Unit with Amazon Web Services Tata Consultancy Services (TCS) has launched a new TCS AWS Business Unit (BU) to further deepen its long-standing relationship with Amazon Web Services (AWS). This is a dedicated group within TCS that brings together the scale, technology expertise, and industry knowledge of the two companies to help enterprise […]

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Aatmanirbhar Bharat Rozgar Yojana: Details you need to know
Jobs

Aatmanirbhar Bharat Rozgar Yojana: Details you need to know

Aatmanirbhar Bharat Rozgar Yojana: Details you need to know Aatmanirbhar Bharat Rozgar Yojana (ABRY) has been launched to incentivize employers for creation of new employment along with social security benefits and restoration of loss of employment during COVID-19 pandemic. Under the scheme; An employee drawing monthly wage of less than Rs. 15000/- who was not […]

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Cognizant to follow new working hours and leave policy from tomorrow
Jobs

Cognizant to follow new working hours and leave policy from tomorrow

Cognizant to follow the nine-hour workday model and new leave policy from tomorrow, February 15 Cognizant Technology Solutions is officially moving to the 9-hour workday for the India-based workforce from its current 8-hour working hours. IT companies determine the Utilization Rate by Total Billable Hours divided by Total Available Hours. A 9-hour workday model would essentially […]

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Labour Ministry finalises rules under 4 codes, reform to be a reality soon
Jobs

Labour Ministry finalises rules under 4 codes, reform to be a reality soon

Labour Ministry finalises rules under 4 codes, reform to be a reality soon The Ministry of Labour and Employment has finalised rules under the four labour codes paving the way for making reforms a reality by notifying those for implementation soon. The four broad codes on wages, industrial relations, social security and occupational safety, health […]

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Tesla to set up electric car manufacturing unit in Bengaluru
Jobs

Tesla to set up electric car manufacturing unit in Bengaluru

Tesla to set up electric car manufacturing unit in Bengaluru Billionaire Elon Musk’s Tesla Inc will set up an electric-car manufacturing unit in the southern Indian state of Karnataka, according to a government document seen by Reuters on Saturday. “The U.S. firm Tesla will be opening an electric car manufacturing unit in Karnataka,” the state […]

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