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1) Sangeeta Pendurkar resigned from her role as vice president of strategy and commercial beverages at Coca-Cola India to become the managing director of Kellogg's India. 2) Aulbur will complete five years as the head of Mercedes-Benz India by the end of 2010 and has decided to accept a new challenge outside of Daimler Group in India. 3) The Indian government increased salaries for 88 lakh central government employees and pensioners by 10% as part of an 18% total increase in dearness allowance for the current year, costing Rs. 9,303 crore extra annually.
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The document summarizes various news stories related to HR and labor issues in India:
1) The top agenda item for the Indian Labour Conference is to treat the country's 130 million contract workers equally to regular employees in terms of wages, leave, and social security benefits.
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MTNL wants to lay off two-thirds of its employees to reduce costs as it is losing money. It currently has 45,000 employees but only needs 15,000 to run its business. MTNL spends over 30% of its revenues on employee wages and had losses of Rs. 2514 crore for the year ending March 2010 due to retirement benefit expenses. It will face opposition from strong employee unions for the layoffs.
אריק קליין - מצגת פרוייקטים סייפסקי
אריק קליין , מהנדס תוכנה נשיא ומייסד חברת סייפסקיי - פרויקטים של החברה.
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The Labour Ministry may face opposition from the Finance Ministry over a proposed service tax on the Employees' State Insurance Corporation, which could increase administrative costs for employers.
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Et news5
- The government has directed public sector companies to consult employees' unions before initiating disinvestment processes to avoid delays. This includes organizing awareness programs to explain the benefits of listing and increasing employee participation.
- Coal India has already encouraged employee participation in its upcoming public offering by helping open depository accounts and allowing subsidiaries' employees to purchase shares. However, unions at BSNL and NALCO protested the government's plans to list those companies.
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Et news7
Citigroup was sued for gender discrimination by six current and former female employees who alleged they were paid less than their male counterparts. Bharti Airtel hired IBM, Tech Mahindra, and Spanco to provide customer care services across its 16 African markets, engaging 4,000 people and selecting IBM to build and manage IT systems powering its mobile network in those countries. Ratan Tata is scheduled to host US President Barack Obama at the Taj hotel in Mumbai.
Et news8
The document summarizes recent news related to HR in the Indian government and private sector from November 1-5, 2010. It discusses plans to introduce an incentive system for government employees based on performance and cost savings. It also outlines proposals to raise salaries for employees at the Securities and Exchange Board of India and plans to speed up implementation of social security schemes for Indian workers through a high-level committee. The document concludes with the appointment of Uday Suri as head of sales and marketing at BNP Paribas Asset Management India.
Et news9
Employees of State Bank of India will go on a 2-day strike from November 25-26 to demand a salary hike, additional allowances, and increased pensions. Over 40 unemployed youth in the Tricity area of Mohali-Panchkula-Chandigarh received jobs under a Micro, Small and Medium Enterprises project that trains and places people in local businesses. Reserve Bank of India deputy governor Usha Thorat retired after 38 years of service overseeing departments like banking operations and rural planning; she will be replaced by Anand Sinha but it is unclear if he will oversee the same departments.
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Banks' margins may slip by 2020 as wholesale markets deepen and corporates access them directly. Infrastructure lending will occupy a larger share of bank balance sheets. State-run banks see greater risk of margin squeeze than private or foreign banks. The RBI has moved to deregulate interest rates on savings accounts, allowing banks to set rates based on needs rather than the current 3.5% mandate. Amway India plans a second manufacturing facility in South India to supplement production by its current vendor, Sarvotham Care. Marico is looking to acquire more brands in Asia and Africa as part of its expansion plans. BSNL is ready for mobile number portability by October 31 and will lay optic fibre cables connecting Agart
Union Budget Highlights 2016 17
The Finance Minister presented the Union Budget for 2016-17, citing that inflation has decreased from 9% to 5.4%, providing relief to the public. Some key highlights included no changes to income tax slabs but additional taxes on tobacco, luxury cars, and jewelry. Funding was allocated for rural employment, cleanliness initiatives, healthcare, education, infrastructure and agriculture. Banks will receive Rs. 25,000 crore for recapitalization while general insurance companies will be listed on stock exchanges.
Weekly news 9
ONGC's first commercial power project costing Rs 9,000 crore will start generating electricity next year in Palatana, Madhya Pradesh. ICICI Bank launched an instant cross-border money transfer option called I-Express for NRIs to transfer funds instantly into beneficiary accounts in India through ICICI Bank's partners in Gulf countries. Coal India plans to sell 63.16 crore shares in an IPO priced between Rs 225-245 per share, which would reduce government ownership to 90% after the offering.
Weekly news 9
Essar Group plans to invest over Rs 2,000 crore to set up a new cement and Ferro-alloy unit in Madhya Pradesh, having already committed Rs 8,000 crore in investments in the state across sectors like steel, power and telecom. State Bank of India may lower its loan growth target to 18% for the fiscal year from a previous target of 20% due to slower than expected credit growth in the first half. ICICI Bank launched an instant cross-border money transfer option called I-Express for non-resident Indians to transfer funds to beneficiary accounts in India through select partners in Gulf countries.
Wneelam
Punjab National Bank aims to raise deposits by 20% and credit by 22% during the current fiscal year based on a 28.4% increase in net profit. Reliance Industries may nominate Nita Ambani, wife of Mukesh Ambani, to the board of East India Hotels after acquiring a 14.12% stake in the company. Pension products offered by insurers and mutual funds could receive tax concessions under the new Direct Tax Code if they meet government standards regarding withdrawal limits and encouraging long-term retirement savings. Panasonic India plans to invest Rs. 1400 crore over the next three years to establish itself as a leader in home appliances in India.
1677937827690.pdf
This weekly newsletter provides updates across various sectors of the Indian economy and business world. Key highlights include:
- India committed Rs. 11.87 trillion in investments in renewable energy projects at an investor summit in Andhra Pradesh.
- The tourism sector saw a rise in foreign tourist arrivals with the government working on boosting tourism destinations.
- Pharma industry is bracing for tighter manufacturing regulations following incidents involving Indian pharmaceutical products.
- GST collections reached a record high of Rs. 1.12 lakh crore in August 2021 indicating economic recovery.
- Corporate updates include Amazon Pay being fined over Rs. 3 crore by RBI for non-compliance and IndiGo in talks to order over 500
Anova NL.pdf
This weekly newsletter provides updates across various sectors of the Indian economy and business world. Key highlights include:
- India received investments worth Rs. 11.87 trillion in its renewable energy sector at an investor summit in Andhra Pradesh.
- The government approved India's largest hydropower project, a Rs. 1.6 trillion project in Arunachal Pradesh near the Chinese border.
- GST collections reached a record high of Rs. 1.12 lakh crore in August 2021, indicating an economic recovery.
- India's GDP growth slowed to 4.4% in the October-December quarter of 2021, with manufacturing contracting.
Important News (August- last Week)
The Union Cabinet approved raising income tax exemption limits. Vedanta halted expansion of its Lanjigarh refinery in Orissa to seek environmental clearance. The government claims to have cracked Blackberry's encryption code to access enterprise emails. Air India will slash fares on 48 domestic routes next month to boost market share. Google will allow users to make phone calls directly from Gmail.
Newsletter dated 20th June,2015
The document provides biographical information about Venugopal Dhoot, the chairman of Videocon Industries Ltd. It details his educational background and role in founding and expanding the Videocon group of companies into a global conglomerate involved in consumer electronics, oil and gas exploration, power generation, and telecommunications. It notes that under Dhoot's leadership, Videocon aims to become a Fortune 500 company within five years by further growing its energy, electronics, and telecom businesses both domestically and internationally. The document also briefly outlines some of Dhoot's career achievements and awards.
Benefits available for MSMEs under budget 2018
The budget announcement focuses on improving credit options for MSMEs and promoting Digital and Startup India initiatives. Key points include:
1) Tax incentives for MSMEs and a reduced income tax rate of 25% for companies with turnover less than 250 crores
2) Rs. 3794 crore credit support for MSME sector along with interest subsidies and innovations
3) Online loan sanctioning linked to GSTN and target lending of Rs. 3 lakh crore under MUDRA Yojana
Knowledge update 6 feb-14
This document provides a daily newsletter covering various topics. It includes sections on quotes of the day, market watch with latest company results and stock market updates, economy updates on recent news, amendments to tax laws, upcoming seminars, job opportunities, sports news, politics, movies, amazing facts, education with financial ratios explained, world news, and science and technology news including a new mobile app to track tigers. The newsletter aims to provide readers with concise and relevant information across different categories in 3 pages.
Budget impact interview
The document summarizes reactions from various automotive industry executives on the Union Budget of India for 2016. It provides quotes from executives at Hyundai Motor India, Renault India, Honda Motorcycle & Scooter India, JBM Group, Cooper Corporation, and Schwing Stetter India. Most express disappointment that there were no specific incentives for the auto industry, though some policies around rural development and infrastructure are seen as potentially beneficial. An additional cess on vehicles is seen as a dampener that will be passed onto consumers.
Weekly newsletter
The document summarizes recent economic and business news headlines from India. It discusses Loop Telecom's plans to wind down operations in areas where it lost licenses, the resolution of a legal battle between SEBI and MCX exchange, and Mahindra & Mahindra's plans to develop a hybrid vehicle for the Indian market. It also mentions the financial restructuring approved for Air India and recent industrial production numbers, which showed sluggish growth.
Final Analysis
The document summarizes key allocations from the Union Budget of India for 2008-09 across several sectors such as education, health, agriculture, infrastructure, and others. Some highlights include an allocation of Rs. 34,400 crore for education with a 20% increase, Rs. 16,534 crore for health with a 15% increase, Rs. 500 billion for a farm debt waiver scheme, and expected revenues from income tax of Rs. 120,604 crore and corporate tax of Rs. 226,361 crore. The revenue deficit is estimated at 1% of GDP for 2008-09 and fiscal deficit at 2.5% of GDP.
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Et news 11
SBI employees called off a planned two-day strike after the government agreed to increase wages and pensions. The government agreed to provide half of basic pay as pension based on 2007 pay scales instead of 2002. Wages will be increased by 17.5% benefiting 1.7 lakh employees. Jet hired around 50 pilots from Kingfisher as co-pilots and commanders due to growing demand. IDFC Mutual Fund appointed Kalpen Parekh as deputy CEO from Birla Sun Asset Management. Taurus Mutual Fund made senior appointments including Jude Abraham as head of institutional sales and Deepali Dholepatil as head of HR. IOC and ONGC will appoint independent directors such as lawyers and professors to boost corporate governance
Et news 10
Google approved pay hikes of 30% and bonuses of up to 250% of base salary for top executives in response to performance reviews and market data. Four executives will see salaries increase to $650,000 and receive equity awards between $5-20 million. Coal India may give employees a second chance to purchase company shares after many did not apply due to union pressure. Roche is cutting 4,800 jobs, or 6% of its workforce, over the next two years to reduce costs due to product setbacks and price pressure. The government will make environmental reporting mandatory for companies to encourage cleaner production methods.
Et news4
The document summarizes recent human resources related news from September 20-24, 2010. It discusses companies using employee stock option plans (ESOPs) to retain talent and comply with shareholding norms. It also mentions the appointment of Dipak Jain as the new dean of INSEAD business school and leadership changes at advertising agency Draftfcb Ulka and steel producer ArcelorMittal.
Final slides
This document analyzes the shipment and transportation costs for Vardhman Textiles' export shipments to various destinations. It includes tables showing the major shipping lines used for different ports and regions. The analysis finds that JK Logistics is more efficient than 3 ACES and provides recommendations like giving JK more business to reduce costs and lead times and diversifying business across multiple shipping lines to avoid reliance on any single line.
Analyzing training needs
The document analyzes the training needs of employees at the corporate office of Vardhman Textiles Ltd. It finds that all employees require training and there is a gap between actual and expected training. The satisfaction level of employees with current training programs is neutral or slightly satisfied. It recommends increasing the number and quality of training programs, using mixed practical and theoretical techniques, and adding new training areas to the schedule.
Et news1
1) HUL has become a global talent export hub for Unilever, sending 40 managers abroad in 2008, 140 in 2009, and 195 in 2010.
2) HUL managers are valued for their experience working in a large, complex market like India and are moved to positions in Asia, East Europe, Africa, and Singapore.
3) Ratan Tata will step down as chairman of the Tata group and a 5-member panel will choose his successor.
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Et news3
- 1. ET News related to HR (13 Sep’10 to 17 Sep’10) Neha Sahi MBA 2C