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Forget job losses! Mid-sized financial firms on hiring spree now!

Admin| Jan 16, 2017 - 10:11 PM

Forget job losses! Mid-sized financial firms on hiring spree now!

It may be a season of job losses and eroding businesses for many in these post-demonetisation days but small and mid-sized financial services firms are on a hiring spree, pooling in precious human resource talent during these difficult times. They say this reverse trend is part of their talent investment for the future. 

Lenders, including Bandhan Bank, Lakshmi Vilas Bank, Yes Bank, JM FinancialBSE 1.06 % and IndoStar are hiring scores of executives across the board in a reversal of the c......

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Demonetisation: 35 per cent job losses, 50 per cent revenue dip, says study by largest organisation of manufacturers

Admin| Jan 08, 2017 - 10:47 PM

Demonetisation: 35 per cent job losses, 50 per cent revenue dip, says study by largest organisation of manufacturers

In the first 34 days since demonetisation, micro-small scale industries suffered 35 per cent jobs losses and a 50 per cent dip in revenue, according to a study conducted by India’s largest organisation of manufacturers.

The study, conducted by the All India Manufacturers’ Organisation (AIMO), has also projected a drop in employment of 60 per cent and loss in revenue of 55 per cent before March 2017. The AIMO represents over 3 lakh micro, small scale, and medium and large scale indus......

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Post demonetisation, ethical hackers are in high demand by payment apps

Admin| Jan 04, 2017 - 11:35 PM

Post demonetisation, ethical hackers are in high demand by payment apps

BENGALURU: Shashank Kumar, a second-year engineering student, has been swamped this winter break. As a freelance white hat hacker, he has been spending most of his vacation scanning payment applications and ecommerce websites for security vulnerabilities.

White hat hackers, or ethical hackers, who scope out and report bugs in software are in high demand globally. Technology giants including Facebook, Twitter, Uber and Dropbox spend millions on bug-bounty programmes every year rewarding lone-wol......

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Freshers see 85 percent jump in Rs 6 lakh-plus pay in last 1 year: Survey

Admin| Jan 03, 2017 - 10:47 PM

Freshers see 85 percent jump in Rs 6 lakh-plus pay in last 1 year: Survey

Freshers have witnessed a significant jump in their pay package in 2016 over the previous year and the number of jobs offered with a salary package of over Rs 6 lakh grew by 85 per cent, says a survey.

In a survey by job assessment firm Aspiring Minds, conducted by fresher jobs portal Myamcat.com, the range of salaries offered to the candidates (graduates with 0-2 years of experience) varied between Rs 1-30 lakh per annum, while most number of salary offers were in the range of Rs 2-3 lakh per......

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Demonetisation: How Modi government's cashless push is creating a whole new range of jobs

Admin| Jan 03, 2017 - 09:55 PM

Demonetisation: How Modi government's cashless push is creating a whole new range of jobs

A whole new range of digital jobs are being created as India moves towards a cashless economy, with a big push from the government’s demonetisation drive. From cybersecurity experts to digital CXOs, a gamut of opportunities are set to open up for white-collar professionals over the next one year.

1. DIGITAL SECURITY ARCHITECT

Growing digitisation and use of data for decision-making increase risk of hacking and fraud manifold. The drive towards a cashless economy is spurring demand for ......

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To stay ahead in online retail race, Flipkart lost Rs 14 crore per day in FY16

Admin| Jan 02, 2017 - 10:17 PM

To stay ahead in online retail race, Flipkart lost Rs 14 crore per day in FY16

Flipkart ran up daily losses of over Rs 14 crore in the last financial year as it fought to stave off competition from arch rival Amazon in one of the world’s fastest growing markets for online retail.

The Bengaluru-based company, which spent aggressively to attract talent and customers thereby increasing losses, was successful in boosting revenue to Rs 15,403 crore in fiscal 2016, according to filings made by Flipkart’s holding company registered in Singapore.

The filings, accesse......

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Demonetization: Be prepared for single ¬digit hike

Admin| Dec 30, 2016 - 11:59 PM

Demonetization: Be prepared for single ¬digit hike

Demonetization has single­handedly put the brakes on the jobs market, which was moving steadily through the year with only a few dull pockets. We aren’t in the midst of a job freeze just yet, although hiring will decisively slow down, at least in January­ March. Some sectors continue to be exceptions but for now, there are
more laggards in the jobs market than at any other time in the last couple of years.

The silver lining is that most headhunters, placement companies and jobs ma......

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Figuring out 2016: Ten numbers that defined how careers shaped in India

Admin| Dec 30, 2016 - 10:28 PM

Figuring out 2016: Ten numbers that defined how careers shaped in India

64 number of independent directors in the Rs 1 crore-plus club in 2015-16, almost tripling from 22 in 2011-12, according to market tracking firm PrimeDatabase

18 first time ‘crorepati’ independent directors in 2015-16

23 the total number of IITs. Four more IITs at Bhillai, Dharwad, Goa and Jammu became operational this year

30 startups blacklisted this placement season at IITs

$110,000 the highest annual base salary packages offered at IITs by Uber

15% drop in number of off......

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PepsiCo finance chief Narsimhan steps down

Admin| Dec 29, 2016 - 10:42 PM

PepsiCo finance chief Narsimhan steps down

NEW DELHI: PepsiCo senior VP finance Kimsuka Narsimhan is quitting the company after a decade-long stint, reports our bureau. A PepsiCo spokesperson confirmed the move and said Narsimhan will be with PepsiCo till April 2017.

She is being succeeded by another PepsiCo veteran Rajdeep Datta Gupta, who has been with the beverage and snacks maker for 16 years. The India arm of the New York-based company has been focusing on hiring women in leadership roles across functions and increase represen......

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Demonetisation: Be prepared for single-digit hike as even hiring decisions are deferred

Admin| Dec 29, 2016 - 10:34 PM

Demonetisation: Be prepared for single-digit hike as even hiring decisions are deferred

Demonetisation has single-handedly put the brakes on the jobs market, which was moving steadily through the year with only a few dull pockets. We aren't in the midst of a job freeze just yet, although hiring will decisively slow down, at least in January-March. Some sectors continue to be exceptions but for now, there are more laggards in the jobs market than at any other time in the last couple of years.

The silver lining is that most headhunters, placement companies and jobs market experts ET......

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