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Paytm employees sell shares worth Rs 100 crore

Admin| Mar 23, 2017 - 11:44 PM

Paytm employees sell shares worth Rs 100 crore

Bengaluru | New Delhi: Scores of employees have reaped a bonanza by selling shares in One97 Communications, which owns digital payments provider Paytm, as investors and founders increase their stake in the Alibaba-­backed company, which has recorded a steep surge in valuation as the Indian government seeks to transform the country into a cashless economy.

In the last few weeks, about 47 employees at the Noida­based company — valued at $4.8 billion last year — have sold ......

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42 posts of CMDs, MDs vacant in key CPSEs

Admin| Mar 23, 2017 - 11:43 PM

42 posts of CMDs, MDs vacant in key CPSEs

NEW DELHI: As many as 42 posts of Chairman and Managing Directors (CMDs) and Managing Directors are lying vacant in Central Public Sector Enterprises, including ‘Maharatna’ corporations, Union minister Jitendra Singh said today.

The posts are vacant due to varying reasons including decision to not fill up some posts because of the company being loss making/ sick, scrapping of panels and non­availability of suitable candidates, he told Lok Sabha in a written reply.

“Fi......

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Axis Bank dismisses CEO resignation buzz

Admin| Mar 23, 2017 - 11:41 PM

Axis Bank dismisses CEO resignation buzz

NEW DELHI: Private sector lender Axis Bank today said its MD & CEO Shikha Sharma is not resigning.

“The news appearing in section of social media stating the impending resignation of the MD & CEO of the Bank, which please note is false, speculative and is being circulated with the mala fide intention of misleading the investors and the general public,” Axis Bank said in a clarification to the BSE.

Axis Bank has been under pressure over a sharp fall in third quarter pro......

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Snapdeal veteran Ankit Khanna becomes COO of FreeCharge

Admin| Mar 23, 2017 - 11:40 PM

Snapdeal veteran Ankit Khanna becomes COO of FreeCharge

NEW DELHI: Snapdeal-­owned digital payments platform FreeCharge has named Ankit Khanna as its chief operating officer, the second leadership appointment by the company over the last week.

Khanna, a Snapdeal veteran, who joined the online marketplace in 2010, and has essayed a variety of leadership roles within the SoftBank, Foxconn and Alibaba Group­ backed company, was the product head at FreeCharge, before being elevated to the COO position.

At Snapdeal, the IIT Delhi alum, he h......

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Aricent Nasscom Foundation to impart employable skills to engineering grads

Admin| Mar 22, 2017 - 11:25 PM

Aricent Nasscom Foundation to impart employable skills to engineering grads

BENGALURU: NASSCOM Foundation and Aricent launched ‘ARISE’, a skill development program for engineering college students from underserved communities who aspire to join the IT/ITes industry. The program aims to up­skill 3400 engineering undergraduates across Karnataka, Tamil Nadu, Telangana, and Delhi-­NCR regions in one year.

The initiative dubbed ARISE ­ Aricent Skills for Employability Program, is a CSR initiative by design and engineering company, Aricent, in par......

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Recruitment teams in India not using mobile recruiting tools: Survey

Admin| Mar 22, 2017 - 11:23 PM

Recruitment teams in India not using mobile recruiting tools: Survey

NEW DELHI: Although strong in applicant tracking system and video interviewing, many companies in India are not using mobile recruiting tools that help make the talent acquisition process more efficient, says a survey.

According to the Korn Ferry Futurestep Survey, in India professionals are not taking advantage of tools, technology and business strategy as 4 out of 5 (81 per cent) talent acquisition leaders do not use mobile recruiting tools.

“Young people are searching for positio......

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Business executives say organisations not ‘change agile’: Mercer

Admin| Mar 22, 2017 - 11:22 PM

Business executives say organisations not ‘change agile’: Mercer

NEW DELHI: Even as business models are disrupted by technology and socio­-demographic shifts amid rise in competition for talent, only 11 per cent executives in India say their organisation is “change agile”, a study says.

According to Mercer’s 2017 Global Talent Trends Study, 83 per cent of organisations surveyed in India are planning to redesign their structure in the next two years yet only 11 per cent executives said their organisation is “change agile&rdquo......

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Rivigo looks to hire 450 this quarter

Admin| Mar 21, 2017 - 11:50 PM

Rivigo looks to hire 450 this quarter

BENGALURU: Logistics startup Rivigo is looking to hire about 450 people over the next three months, as it continues to scale up and expand its business. The Gurgaon-­based company, which recently raised debt financing of Rs 100 crore from a clutch of private sector banks, expects the hiring to be complete by June­-end.

“We will continue to digitise and transform the logistics sector in the country, and are in the process of building many core technology products, for which we......

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These apps can help you stay healthy and active at work

Admin| Mar 21, 2017 - 11:48 PM

These apps can help you stay healthy and active at work

Most people today have desk-­bound jobs. However, that does not mean you cannot be active in the work area. Here are some free apps you can use to do quick exercises without going too far from your work station.

USING A SMARTPHONE/TABLET
STRETCHING EXERCISES
Stretching is the easiest and quickest of exercises that can be done at your desk. Check out the 1­minute desk workout app for iOS by Simarim. The app has over 45 exercises to keep you active at your desk and even sends a reminder ev

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Lost your job? Stay positive, don’t give in to depression

Admin| Mar 21, 2017 - 11:46 PM

Lost your job? Stay positive, don’t give in to depression

BENGALURU / NEW DELHI: Pink slips have left thousands of people battling the blues as the e­commerce boom has unravelled over the past few quarters, engulfing feted startups such as Flipkart, Snapdeal, YepMe and Craftsvilla.

It’s critical for such people not to give in to depression, although it is natural to feel a sense
of rejection after being laid off, experts told ET.

While investments in startups dropped to $1.4 billion in 2016 from a high of $2 billion in the previous year......

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