2. Google fired an employee who leaked its plans
to give a 10 per cent salary hike to all 23,000 of
its employees across the world next year.
Google India's spokesman said, "While we
don't typically comment on internal matters,
we do believe that competitive compensation
plans are important to the future of the
company.
The planned pay hike comes as Google steps
up its battle with competitors like Facebook Inc
to secure talented staff.
3. Indra Nooyi coyly suggested that she has not been
made a job offer as Ratan Tata’s successor.
Long speculated as one of the top names in an
imagined list of candidates qualified to lead the
country’s oldest and most global conglomerate because
of her Indian roots and international profile, Ms Nooyi,
55, nevertheless lavished praise on the salt-to-software
Tata group.
When asked if Ratan Tata never offered her a job
she responded that she “will never ever answer that
question either in the positive or in the negative”, and
in the process raised more questions than answers.
4. SUN TV Group promoter Kalanithi Maran will
take over as chairman of the budget airline
SpiceJet.
Reconstitution of the SpiceJet board, post Mr
Maran’s acquiring 38.7% shares in SpiceJet after a
transaction in June, will be one of the main
agendas of the board meet.
Mr Maran will make some changes at the
management level in SpiceJet, and will rope in
some of his trusted lieutenants from Sun TV.
The constitution of SpiceJet’s board will also
undergo change: five new directors will be
appointed on the board.
5. Three old timers — Kishore Gupta, who was
also the acting CEO after Sanjay Aggarwal quit
the airline in July, Mukkaram Jaan and Vijay
Kumar — will be retiring.
6. Eicher Motors today announced a change in top
level management with CFO Vinod Aggarwal
stepping down after taking over as the CEO of the
firm's commercial vehicle joint venture with
Volvo.
Lalit Malik has been appointed as the Chief
Financial Officer of the company.
VE Commercial Vehicles Limited (VECV) is a 50-50
joint venture between the Volvo Group and EML.
It has been in operation since July 2008.
7. Anil Ambani Group controlled Reliance
General Insurance today announced
appointment of Vijay Pawar as the new CEO
and Executive Director of the company.
Pawar succeeds K A Somasekharan, Executive
Director and CEO, who has decided to pursue
other opportunities, Reliance General
Insurance said in a statement.
Pawar, who has been advising the company for
last 5 years, has over 38 years of experience in
the General Insurance business.