Edition 17: Weekly Industry News and Trends
November 12, 2024
Welcome to the seventeenth 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 -
Ambuja Cements Limited plans expansion through acquisitions READ MORE
Posidex Technologies embarks on strategic rebrand and global expansion READ MORE
Salesforce delivers accelerated growth and expands presence in India READ MORE
02. Industry News
Covers India's GCC sentiment news, including global layoffs -
Morgan Stanley opens new GCC in Mumbai READ MORE
ETS appoints Mona Agarwal as General Manager of Global Capability Centers READ MORE
Global Layoff News:
Freshworks to lay off 660 employees amid global restructuring READ MORE
Oracle layoffs sweep through cloud division, affecting hundreds READ MORE
Alibaba Group lays off dozens of employees to cut costs READ MORE
Bosch layoffs: Firm plans to fire 7,000 employees amid ongoing business challenges READ MORE
Sharan Hegde lays off 15% of employees, cites ‘mistakes in hiring, redundant expenses’ READ MORE
03. Expansions and M&A
Covers company expansions and M&A news -
Apollo Hospitals announces ₹6,100 crore expansion plan to add 3,500 beds across India by FY26 READ MORE
UST expands India presence with a second office in Bengaluru READ MORE
US firm Alkomex expands R&D ops in India READ MORE
Deutsche Bank infuses ₹5,110 crore into Indian operations to boost expansion READ MORE
M&A News:
Blackstone eyes acquisition of two 5-star hotels in Chennai, Bengaluru READ MORE
Tessolve to acquire Dream Chip Technologies GmbH for up to ₹400 crore READ MORE
04. Diversity Initiatives
Covers company DEI initiatives and recent developments -
NetApp elevates Pamela Hennard to Chief Diversity & Inclusion Officer READ MORE
Fractal recognized as India's Best Workplaces for DEI and Belonging (Top 25) in 2024 by Great Place to Work® Institute READ MORE
India to get Apple -backed 1.0 lakh women's hostels READ MORE
05. Leadership Highlight
Covers leadership movements and hires -
Truecaller founders step down, Rishit Jhunjhunwala takes over as CEO READ MORE
Meenakshi Priyam joins Mahindra Group as CHRO - Automotive Business READ MORE
Lockton strengthens leadership team with appointment of Neha Sharma as Senior Director 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.