Bank of America has announced its plan to appoint Vikram Sahu as the new country executive for its operations in India. Currently, Sahu oversees global equity research in New York and is expected to succeed Kaku Nakhate, who has been in this position in India for 15 years. The transition is expected to occur in the second quarter and is subject to approval from the Reserve Bank of India.
Lloyds Banking Group is planning to hire hundreds of IT engineers in India while simultaneously cutting similar positions in the UK. The bank's strategy is to locate nearly half of its global IT roles outside the UK, aiming for 4,000 roles in India by the end of the year. This plan is part of Lloyds' broader initiative to digitize its operations and reduce costs.
Acer India has implemented a policy allowing female employees to take one day of menstrual leave per month. This initiative supports women's health and wellness in the workplace, acknowledging the need for flexibility during menstruation.
During a recent all-staff meeting, Amazon CEO Andy Jassy informed employees about upcoming changes to the company's promotion policies. Although specific details were not disclosed, these changes aim to streamline the promotion process and respond to internal feedback.
Britannia Industries has reported operational disruptions at its Gujarat plant due to ongoing workers' strikes. The strikes have affected production schedules, and the company is currently negotiating with the workers to resolve the issues amicably.
Boeing has laid off approximately 180 employees in India as part of its global workforce adjustments. These layoffs are an effort to streamline operations and cut costs amidst challenging market conditions.
JPMorgan has chosen to rebrand its Diversity, Equity, and Inclusion (DEI) initiatives to Diversity, Opportunity, and Inclusion (DOI). This change signifies the company's commitment to providing equal opportunities and fostering an inclusive workplace culture.
Infosys co-founder Narayan Murthy has suggested that young professionals in India should work 70 hours a week to boost productivity and contribute to national development. His comments have sparked debates on work-life balance and labor practices in India.
Lloyds Banking Group is planning to hire hundreds of IT engineers in India while simultaneously cutting similar positions in the UK. The bank's strategy is to locate nearly half of its global IT roles outside the UK, aiming for 4,000 roles in India by the end of the year. This plan is part of Lloyds' broader initiative to digitize its operations and reduce costs.
Acer India has implemented a policy allowing female employees to take one day of menstrual leave per month. This initiative supports women's health and wellness in the workplace, acknowledging the need for flexibility during menstruation.
During a recent all-staff meeting, Amazon CEO Andy Jassy informed employees about upcoming changes to the company's promotion policies. Although specific details were not disclosed, these changes aim to streamline the promotion process and respond to internal feedback.
Britannia Industries has reported operational disruptions at its Gujarat plant due to ongoing workers' strikes. The strikes have affected production schedules, and the company is currently negotiating with the workers to resolve the issues amicably.
Boeing has laid off approximately 180 employees in India as part of its global workforce adjustments. These layoffs are an effort to streamline operations and cut costs amidst challenging market conditions.
JPMorgan has chosen to rebrand its Diversity, Equity, and Inclusion (DEI) initiatives to Diversity, Opportunity, and Inclusion (DOI). This change signifies the company's commitment to providing equal opportunities and fostering an inclusive workplace culture.
Infosys co-founder Narayan Murthy has suggested that young professionals in India should work 70 hours a week to boost productivity and contribute to national development. His comments have sparked debates on work-life balance and labor practices in India.