Weekly Round-up (May 5 - May9): News you cannot miss
The week began with news from Tata Motors as two senior executives crucial to the launch of the Zest and Bolt models quit on Monday. This happened at the critical time when Tata Motors is already in the fourth month of searching for a CEO. As the election spree is on, business are expecting an end to the job crisis if Modi comes to power. Interesting update came from the mobile advertising firm InMobi as they plan to increase hiring overseas and are rewarding their top performers with incentives like Harley Davidson, Volkswagen etc.
It came to light this week that staffing companies like Randstad and Kelly are eyeing more revenue from India owing to large number of hours that these firms invoice with the clients. From the skilling front, Ivey Business School, Canada has signed a three-year Memorandum of Understanding with Shri Ram College of Commerce, New Delhi to explore collaboration on multiple fronts which include degree programs, aiding in international admissions, faculty development & exchange and India based case study development. Sistema Shyam Teleservices beefed up its leadership team in the run-up to an expected auction of airwaves in the 800 MHz band later this year.
Reliance Industries (RIL) has kicked off an exercise to implement a few contemporary human resource practices of its joint venture partner BP Plc, as it prepares to nurture diverse talent to face the challenges of future. The significant movements that happened this week were; Sanjay Hasija being appointed as the Quantum Storage country head, Rajiv C. Lochan being appointed as MD and CEO, Kasturi & Sons Ltd., Amit Nath being appointed as F-Secure country head and P. Dwarakanath joining the PeopleStrong board.