Page 6 - Hiring

Chennai brains to lead Ford's global AI drive; Group on hiring spree

Ford Business Solutions to hire 3,000 more for its city unit, taking total staff strength to 15,000

Hiring spree: US companies added 140,000 jobs in February, shows ADP data

Private payrolls increased by 140,000 last month after a 111,000 gain in January, according to figures published Wednesday by the ADP Research Institute in collaboration with Stanford Digital Economy

Tesla Power India planning to hire over 2,000 people across verticals

Tesla Power India on Monday said it is planning to recruit over 2,000 employees across various verticals as part of its expansion plans. The planned recruitment drive will encompass positions across engineering, operations, sales, marketing, and support functions, providing ample job opportunities for the youth, it said in a statement. The sustainable energy storage solutions provider also recently launched its refurbished battery brand ReStore. It plans to open 5,000 ReStore units by 2026 across the country. "As we continue to expand our footprint in India, we recognise the critical role that talented individuals will play in achieving the sustainable goals through innovation. We are excited to welcome the new talent in our team and leverage their contribution to further our mission of Save Cost. Save the Environment. Save Lives," Tesla Power India Managing Director Kavinder Khurana said.

US-based HR tech company Rippling to expand in India: CEO Parker Conrad

Headquartered in San Francisco, Rippling combines all of the workforce systems normally scattered across a company, like payroll, expenses, benefits, and computers

Paytm hiring for various positions across products, business divisions

Paytm, whose payments bank venture is facing regulatory action, is hiring for various positions across product and business divisions, according to a blog. The blog posted on Paytm's website said recruitment partners are continuing to see high interest from top talents in the country to join the company. Page Group, a recruitment partner of Paytm, said the company is currently hiring for product and business positions. "We have been recruiting high calibre and premium talent for the Paytm business for a while now, and expect the trend to continue. We are actively seeking individuals for product and business positions at Paytm, and there continues to be strong interest from quality candidates for these roles," PageGroup MD Ankit Agarwala said in the blog. The company is going through a crisis situation due to restrictions imposed by the Reserve Bank of India on its associate entity Paytm Payments Bank Limited (PPBL), which houses wallet and UPI services that are provided through the

CBI books TTPL's current, former MD in Rs 120 cr loss in consultant hiring

The CBI has registered an FIR against the managing director of Kerala government PSU Travancore Titanium Products Limited (TTPL) and others in connection with its losses of Rs 120 crore due to alleged irregularities in the hiring of 'MECON, Ranchi, Uttaranchal' as a consultant in 2004. The FIR registered recently also names TTPL former managing director Eapen Joseph. 'MECON, Ranchi, Uttaranchal', was hired as a consultant for the installation of a pollution control plant. The CBI alleged that Joseph abused his official position and committed criminal misconduct to enter into a criminal conspiracy with then officials -- chief manager (marketing) Santosh Kumar and executive director A M Bhaskaran. They allegedly appointed 'MECON, Ranchi, Uttaranchal', a PSU under the steel ministry, as a consultant at a charge of Rs 9 crore instead of the agreed Rs 3.5 crore, the FIR, registered on the directions of the Kerala High Court, said. The FIR lists the MD of TTPL as accused number one but d

NTT DATA to hire 6,000 people in India by year-end to fuel growth plans

India is NTT DATA's second largest employee hub outside of Japan and also the fastest-growing market

Strong hiring in most industries far outpaced high-profile layoffs

Blockbuster job growth in the past several months has coincided with high-profile layoff announcements by a number of large companies. So, how are both occurring at the same time? It's not as contradictory as it might seem. Recent job cuts have been concentrated mainly in just a few sectors: technology, finance and media. Relative to the US labour force of 160 million people, layoffs so far have been dwarfed by consistently vigorous hiring a monthly average of 2,48,000 jobs added over the past six months. The unemployment rate is still just 3.7 per cent, barely above a 50-year low. It turns out that many of the companies that are now shedding jobs had over-hired during the pandemic, when they thought the trends that emerged then especially a surge in online shopping would continue apace. As the economy has normalised, many of these companies have discovered that they no longer need so many employees and have responded with layoffs. In January, American businesses and other ...

Bain Capital plans to invest $7 bn in India, boost hiring in next 3-5 yrs

The Boston-based firm also plans to increase its team of 25 private equity and special situations investment professionals by 15 per cent to 20 per cent over the next two or three years

Persistent Systems aims to expand margins, to hire fewer freshers

Mid-tier IT services company Persistent Systems aims to visit fewer campuses for hiring freshers, a senior official said on Monday. Over the next three years, the company is also targeting to expand its operating profit margin by about 3 percentage points above the levels of about 14.5-15 per cent it aims to exit FY23, its chief financial officer Sunil Sapre told PTI. Speaking two days after the Pune-based company announced its December quarter earnings, Sapre said it is already carrying candidates who have been trained for 18 months in some cases and are yet to be deployed on projects, which is making it circumspect about fresher hiring in the new year. "We will be there at campuses, but we will do it (hire) more judiciously," Sapre said. When asked if he meant that the company will visit fewer campuses when he says judiciously, Sapre replied in the affirmative. He said that for the company, which added about 500 people to take its overall strength to 23,336, all the hiring is do

DealShare elevates Kamaldeep Singh as CEO, third cofounder Medda quits

DealShare emphasized that it remains sufficiently well-capitalized and enjoys strong support from its board and investors

Sebi appoints G Ram Mohan Rao as executive director for a period of 3 years

Rao will be handling the investigation department and the internal inspection department

Tech companies planning to step up hiring in tier-2, tier-3 cities in 2024

Tier-2 and tier-3 cities such as Thiruvananthapuram, Kochi, Coimbatore, Jaipur, Mohali, Vadodara, Chandigarh, and Indore contribute around 12-15 per cent of the country's tech talent

Assam invites applications for over 10000 vacancies in education sector

The education ministry of Assam releases an advertisement for about 14,223 school teacher posts across the state. Assam CM says state creating over 1 lakh jobs in the sector

Banking scion Vishal Kampani eyes hiring push to meet dealmaking boom

The Mumbai-listed company is seeking to hire at least seven senior investment bankers in the coming year for sectors such as industrials and digital technology

Blue-collar workforce in India saw 7% rise in hiring in 2023: Indeed report

Indeed, a global hiring and matching platform, surveyed 1,223 employers, 2,671 blue-collar jobseekers, and 2637 white-collar jobseekers

79% employers looking to sustain or increase their workforce in H2FY24

Both new hires, at 79 per cent, and replacement hires, at 74 per cent, are occurring rapidly, indicating a flourishing labour market in the country

Apple to pay $25 million to settle discriminatory hiring practices case

Apple has agreed to pay $25 million to settle allegations that it engaged in a pattern of discriminatory hiring practices when filling some of its jobs during 2018 and 2019. The deal announced Thursday resolved a lengthy investigation by the Department of Justice into alleged violations of the Immigration and Nationality Act. Federal regulators said an inquiry that began in 2019 determined that Apple's hiring practices discriminated against U.S. candidates for jobs that were awarded to some immigrant workers seeking to be granted permanent resident status in the country. In some instances, Apple also discriminated against non-U.S. residents, according to the settlement. Apple vehemently denied any wrongdoing in the formal seven-page settlement defended its hiring record in a statement to The Associated Press. Apple proudly employs more than 90,000 people in the United States and continues to invest nationwide, creating millions of jobs," the Cupertino, California, company said. Whe

HDFC Bank on hiring spree to fuel biz growth and tackle attrition head-on

Bank has hired over 56K since March 2022; focus on reining in attrition, women re-hiring

Waning demand for IT services hits hiring at majors Indian tech companies

Tata Consultancy Services, Infosys and HCLTech have seen employee headcount reducing in the second quarter as they reported weak results