Edition 12: Weekly Industry News and Trends
October 8, 2024
Welcome to the twelfth 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 -
UST to expand India presence with state-of-the-art Kochi campus and create over 3,000 new jobs in the next 5 years READ MORE
Piramal Pharma Solutions draws $80 million expansion plan for injectables facility in US READ MORE
UBS eyes expansion in India through potential joint venture with 360 ONE WAM Group READ MORE
ASUS bets on aggressive retail expansion to become India's top PC brand READ MORE
Ola Electric launches ‘Network Partner Program’ to expand EV reach into tier-2 and tier-3 cities READ MORE
Amazon partners with Ministry of Labor and Employment to expand job opportunities through NCS portal READ MORE
Juki corporation expands its global footprint with India's first Japanese sewing machine manufacturing facility in Gujarat READ MORE
02. Industry News
Covers industry-specific news and major announcements, including global layoffs -
From Hiring to Firing: Entire HR team terminated after manager's own resume fails automated screening READ MORE
More than nine in ten business leaders in India expect job displacement from AI READ MORE
Vistara - TATA SIA Airlines Ltd. experience will remain post merger; Vistara flight services to have 'AI2' prefix: Air India READ MORE
India GCC Sentiment:
India's Karnataka state plans incentives to double global centers to 1,000 by 2029 READ MORE
Marriott International to set up GCC in Hyderabad, first in hospitality READ MORE
RxBenefits, Inc. to set up its first India GCC in Hyderabad READ MORE
CRMIT Solutions bets on GCC expansion and data + AI services with new Jaipur office READ MORE
Global Layoff News:
From Microsoft to IBM : Tech layoffs cross 1 lakh mark as companies brace for more cuts ahead READ MORE
Dyson layoffs: Employees left 'shocked' after unexpected job cuts READ MORE
Samsung cuts jobs to boost efficiency overseas READ MORE
03. Expansions and M&A
Covers company expansions and M&A news -
India to fabricate its first chip in two years as NVIDIA , AMD and Micron pledge to expand to the country READ MORE
Swiggy seeks to expand its footprint in Andhra Pradesh READ MORE
CROSSBEATS eyes global expansion after growth in India’s wearables market READ MORE
Optoma establishes subsidiary in India to expand market presence READ MORE
M&A News:
Google -backed Adda247 acquires PrepInsta to expand job-focused skilling programs READ MORE
Adani Enterprises Limited merges Adani Infrastructure and Mundra Solar Technology into Adani New Industries (ANIL) READ MORE
AirAsia India completes merger with Air India Express ; DGCA India issues new certificate READ MORE
Board of Cyient DLM Limited approves acquisition of Altek Electronics, Inc. READ MORE
Capital IQ Ltd. acquires Karman Drones to expand its footprint in the fast-growing drone industry READ MORE
04. Diversity Initiatives
Covers company DEI initiatives and recent developments -
Synchrony recognized among India's Top 10 Best Workplaces for Women and Top 25 DEIB in 2024 by Great Place to Work® India READ MORE
Indian women’s representation in workforce plateaued at 26% in 2024 READ MORE
MAERSK advances gender equality with 45% women cadet intake in India for 2024 READ MORE
Empowering female entrepreneurs to shape the future of Indian hospitality READ MORE
05. Leadership Highlight
Covers leadership movements and hires -
Rediff.com appoints Vishal Mehta as chairman and MD following Infibeam acquisition 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.