Weekly Round-up (September 22 - September 26): News you cannot miss
The education sector is reaping benefits of the government’s focus. The Narendra Modi-led NDA government plans to establish five new Indian Institutes of Technology (IITs) announced in this year's budget with the assistance of foreign countries, just as the Congress did in the 1950s and '60s. With the changing market, the focus of IITs is expanding to include entrepreneurs as well. IITs in Delhi, Kharagpur and Hyderabad are planning to bring entrepreneurship at the forefront of their BTech curriculum, and plan to launch minor as well as elective courses on the subject from next year. Other IITs in Madras, Mumbai, Gandhinagar, Kanpur, Patna and Mandi have just taken baby steps to include entrepreneurship in their curriculum.
New global research from Oracle indicated that workers around the world are happier than ever to work in a mobile and flexible way, confident that to do so will make them more productive. Keeping in trend with this, there is a change in the industry as well. Infosys Ltd's new CEO announced usage of social media in office. In another attitudinal change, corporates are going the extra mile to train women professionals for board positions, even as markets regulator Securities and Exchange Board of India has extended the deadline for appointing at least one woman director on their boards by six months.
Various movements that happened over the week were; Edelweiss Financial Services announced the appointment of Maneesha Jha Thakur as Group Head, Human Resources. Anjan Lahiri, CEO of Sasken Communication Technologies resigned from the company. Sportswear retailer Puma India Pvt. Ltd appointed sales and retail head Abhishek Ganguly as the new managing director, replacing Rajiv Mehta. UB Group Vice-President for Corporate Communications Prakash Mirpuri resigned. HCL Tech appointed Matt Preschern as Chief Marketing Officer. Sriraman Jagannathan joined IDFC as Chief Digital & Data Officer. D Sen took over as Director- Planning and Business Development of the nation's largest oil company, Indian Oil Corp (IOC).