Weekly roundup (March 17-22): News you cannot miss
This week was marked by industrial disputes in two large multi-national companies, Toyota and Nokia. While these disputes are still raging, resolution seems far away. Toyota termed their employee agitation as “illegal” and suspended some workers, Nokia’s woes were accentuated by the fact that if the impasse continues beyond March 31, their merger with Microsoft will fail to materialise. The next week will be critical for the ongoing tension in both companies.
Indian companies, Wipro and Tata Power, featured in the list of the world’s most ethical companies, according to an annual research conducted by Ethisphere Institute. It’s the third year in a row that these companies have made it to the prestigious list. Satya Nadella led Microsoft, Indra Nooyi led Pepsico, and Shantanu Narayan led Adobe Systems also features in the list of ethical companies.
Leadership problems at Infosys continue to wage as the latest to join the string of high profile exits is Chandrashekar Kakal, Senior VP. Kakal had a fallout with the Infosys board and will join L&D Infotech in the end of April. RBI also is facing a small leadership crisis, as the Deputy Governor K C Chakrabarty, quit three months before his term expires. There are speculations that the move was a result of Charkabarty’s fallout with the Finance Ministry over the non performance of the banking organisation, United Bank of India.