News: Weekly roundup (Aug 17-23): News you cannot miss

Strategic HR

Weekly roundup (Aug 17-23): News you cannot miss

In this week’s roundup, Mindtree a mid-sized software services firm, has identified a pool of 25 executives who in time could lead the company and also expanded its sales team as part of a strategic overhaul exercise undertaken with management consulting firm Bain and Co. IPsoft, which relies on artificial intelligence to manage computer networks, is ready to disrupt the business process outsourcing (BPO) industry by using what it calls “cognitive technology” that enables machines to do the work of humans. The Mahindras have begun the crucial phase of integration of human resources (HR) policies of Tech Mahindra and Mahindra Satyam. Infosys said it has appointed Ranganath D Mavinakere, Binod Hampapur Rangadore and Nithyanandan Radhakrishnan as members of the executive council, the key decision-making group at the Bangalore company.

In this week’s roundup, Mindtree a mid-sized software services firm, has identified a pool of 25 executives who in time could lead the company and also expanded its sales team as part of a strategic overhaul exercise undertaken with management consulting firm Bain and Co. IPsoft, which relies on artificial intelligence to manage computer networks, is ready to disrupt the business process outsourcing (BPO) industry by using what it calls “cognitive technology” that enables machines to do the work of humans. The Mahindras have begun the crucial phase of integration of human resources (HR) policies of Tech Mahindra and Mahindra Satyam. Infosys said it has appointed Ranganath D Mavinakere, Binod Hampapur Rangadore and Nithyanandan Radhakrishnan as members of the executive council, the key decision-making group at the Bangalore company.

Jobs: ASSOCHAM releases a report which points out that companies in sectors like infrastructure, gems & jewellery, NBFCs, realty, media and advertising will resort to manpower rationalizing. Monster.com too came out with a report that said that online hiring activity registered a decline of nearly 4% in July last year. About 1,000 employees of American multinational Dell may lose their jobs in India over the next six months as part of its resizing. Network18 recently cut 350 jobs and job gloom is enveloping corporate India. The Supreme Court has held that death of a government employee in harness does not entitle the family to claim compassionate employment and the person seeking appointment must possess the eligibility for the post.

Education: Human rights are now a focus in B-schools. NYU Stern School of Business is set to integrate human rights in its MBA curriculum and into the way the business school operates by launching the world's first human rights centre at a business school this year. IIM-Ahmedabad is the first Indian school to have a LinkedIn University Page. Deloitte, is looking at taking global Campus Maverick, its pan-India business solutions competition that puts to test the business acumen of students from the country’s top 60 MBA institutes.

Movements and appointments: United Breweries (Holdings) Ltd, the holding company of Vijay Mallya’s UB Group, said that managing director Harish Bhat has been replaced by V. Shashikanth. Bhat also resigned from UBHL’s board. Diageo Plc has started exercising its powers as the largest shareholder in United Spirits Ltd (USL) by moving as many as 100 UB Group executives off the payrolls of India’s largest distiller. Nishi Vasudeva was selected on Wednesday to head Hindustan Petroleum Corp. Ltd (HPCL), the first woman ever to head a Navranta PSU. Former Wipro co-CEO Girish Paranjpe has emerged the frontrunner to lead technology services company iGate. Troubled mid-sized software firm Sasken Communication names Anjan Lahiri as CEO.

IR: All five unions of Coal India, representing almost its entire work force, have declared a three-day strike from September 23. The CBI has been called in by the Central Vigilance Commission (CVC) to investigate a widespread racket in claims of leave travel concession (LTC) involving central government and public sector employees as well as travel agents. Workers delivering auto parts to Tata Motors-owned Jaguar Land Rover (JLR) factories in the United Kingdom are expected to unveil a walkout plan next week.

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Topics: Strategic HR, #Current, #WeeklyRoundup

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