Edition 10: Weekly Industry News and Trends
September 24, 2024
Welcome to the tenth edition of Weekly Industry News and Trends. We are excited to present this newsletter to provide HR leaders with curated global news, with a special focus on India, to keep you informed about the latest market trends and developments. Our aim is to deliver concise, insightful updates every Tuesday, complete with links to the original sources for deeper exploration.
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01. Company/ Hiring News:
Covers company-specific news and major hiring news -
HCLTech ranked no.1 India-headquartered company in TIME magazine's World's Best Companies 2024 list READ MORE
Data center firm Princeton Digital Group to invest $1 billion, expand capacity in India READ MORE
NTT DATA and IBM expand partnership in India to launch SimpliZCloud READ MORE
Deloitte India expanding Mumbai office; hiring for 900+ new roles READ MORE
Amazon orders employees to work from office 5 days a week READ MORE
JKCement to invest ₹3,000 crore in major capacity expansion READ MORE
AI-powered blue collar recruitment platform Vahan.ai raises $10 million funding READ MORE
Accenture delays promotions globally, after denying salary hikes to Indian staff READ MORE
Tata Consultancy Services announces launch of new delivery center in Poland, aims to expand operations READ MORE
TeamLease Services Limited reveals 48% hiring intent in India’s M&E sector amidst rapid digital growth READ MORE
mPokket to create 5,000 job opportunities in FY2024-25 READ MORE
Almonds Ai plans to expand its team by FY 2025 READ MORE
02. Industry News
Covers industry-specific news and major announcements, including global layoffs -
India online recruitment climbs 15%, led by consumer electronics READ MORE
AI Training now a priority for at least 50% of enterprises READ MORE
India GCC Sentiment:
Curriculum Associates expands capacity with a new office in Bengaluru READ MORE
Mid-market firms, startups kickstart next wave of GCC growth in India READ MORE
Global Layoff News:
Boeing considering temporary layoffs to save cash during the strike by machinists READ MORE
BYJU'S -owned Aakash Educational Services Limited lays off 100 employees READ MORE
Cisco cuts 5,600 jobs in second round of layoffs in 2024, despite strong financial performance READ MORE
The Hershey Company lays off some workers this week READ MORE
03. Expansions and M&A
Covers company expansions and M&A news -
DriveX targets major retail expansion across India READ MORE
Delta Galil Industries to expand India footprint with Reliance Retail READ MORE
Swizzle gears up for international expansion across Southeast Asia READ MORE
Microsoft acquires land in Pune for Rs 453 crore to expand data center operations READ MORE
M&A News:
IBM acquires Kubecost to broaden hybrid cloud cost management capabilities READ MORE
RBI approves Aditya Birla Capital amalgamation of Aditya Birla Finance Limited READ MORE
NCLT approves Adani Group acquisition of Radius Estates READ MORE
JK Tyre & Industries Ltd. merges Cavendish for operational synergies READ MORE
The Hackett Group Inc. acquires India’s first GenAI company LeewayHertz READ MORE
04. Diversity Initiatives
Covers company DEI initiatives and recent developments -
The Coca-Cola Company HR VP Irene Tan on strategies to get 50% women leaders READ MORE
05. Leadership Highlight
Covers leadership movements and hires -
Nippon Life India Asset Management (Singapore) Pte. Ltd appoints Parag Joglekar as new CFO amid leadership reshuffle READ MORE
Samir Kumar named Amazon India's country manager after Manish Tiwary's exit READ MORE
Freshworks appoints Shelton Rego as Vice President of Sales for India READ MORE
Mphasis appoints Ajay Arya as head of mergers, acquisitions READ MORE
The news/ content presented in this newsletter is curated from various external sources. We do not claim ownership of the news articles or express any opinions on the information provided. This newsletter aims to keep HR leaders and professionals informed about current industry developments on a weekly basis. All external content remains the property of the respective authors and publishers. Any views or opinions expressed in the external articles are those of the authors and do not necessarily reflect our views. We are not responsible for the accuracy, completeness, or reliability of any information contained in the articles shared.