Edition 6: Weekly Industry News and Trends
August 27, 2024
Welcome to the sixth 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 -
IT firm AHEAD opens new office in Hyderabad, set to hire 500 staff by 2025 READ MORE
Avalara India to hire 1,000+ in FY24 READ MORE
The Josh Bersin Company launches HR career navigator: The world's first AI-Powered development coach for HR professionals READ MORE
Indian startup launches Nofrills AI: A search engine-AI chatbot hybrid READ MORE
Bengaluru will have Foxconn second largest iPhone plant READ MORE
On a hiring spree: InsuranceDekho makes key leadership appointments, announces hiring plans READ MORE
Indeed is leveraging AI to do the heavy lifting in the recruiting process READ MORE
Haloocom AI voice bot is revolutionizing HR operations in India READ MORE
02. Industry News
Covers industry-specific news and major announcements, including global layoffs -
NIRF Rankings 2024: Top 10 engineering colleges to look out for in Tamil Nadu READ MORE
72% of employers plan to hire freshers in H2 2024 READ MORE
1 out of 4 millennials in India experiencing burnout, firms need to evolve READ MORE
Top engineering colleges in Bengaluru say more companies coming for campus hiring this year READ MORE
Unicorns in India: List of startup companies with unicorn status in 2024 READ MORE
Top 10 companies in India by market valuation in 2024 READ MORE
India only country to deliver double-digit sales growth of FMCG READ MORE
Top companies hiring Data Scientists in August 2024 READ MORE
Communications, navigation may help India become $44 billion space economy READ MORE
India's IT industry is paving the way for its AI future READ MORE
Global hiring trends show positive growth in Q2 2024 despite major layoffs READ MORE
nasscom strengthens India-Malaysia tech relations with MoUs signed during Malaysian PM’s visit READ MORE
E-commerce, engineering, infrastructure among top industries hiring freshers in India READ MORE
India GCC Sentiment:
Flutter Entertainment to hire more people for new GCC in Hyderabad READ MORE
3AI launches GCC sphere for India’s growing Global Capability Centers READ MORE
Global Capability Centers' upsurge in India to bolster commercial real estate READ MORE
India GCC is miniature version of Verizon ’s global operations, CEO Hans Vestberg says READ MORE
Global Capability Centers: Transforming India's job market READ MORE
Novo Nordisk plans to boost India GCC capacity READ MORE
Emerging hubs: India's new GCC innovation frontiers READ MORE
Global Layoff News:
Five9 layoffs: Firm planning to fire 7% of employees READ MORE
RIL layoffs raise concern over hiring in retail READ MORE
ReshaMandi fires entire workforce amid financial crunch READ MORE
03. Expansions and M&A
Covers company expansions and M&A news -
IKEA to electrify all deliveries in India by 2025, expand EV fleet by 40% READ MORE
Wipro Hydraulics inaugurates its sixth manufacturing facility in Jaipur READ MORE
Indian telco SaaS start-up Aprecomm to expand global presence READ MORE
Decathlon plans to invest Rs 933 crore in India in next five years; open more stores READ MORE
Dabur India Limited to set up 1st plant in South India, to invest Rs 400 crore in Tamil Nadu READ MORE
HCLTech has massive expansion plans in Andhra Pradesh to provide 15,000 jobs READ MORE
Hindalco Industries Limited expansion plan entails $10 billion investment READ MORE
M&A News:
Kilburn Engineering Ltd to acquire Monga Strayfield for Rs 123 crore READ MORE
Zomato approves acquisition of Paytm entertainment ticketing business READ MORE
ZappFresh acquires Bonsaro to increase footprint in Mumbai READ MORE
Campbell's soup is a growing sauce player after Sovos acquisition READ MORE
Ambuja Cements Limited completes acquisition of Penna Cement Industries Ltd READ MORE
India's OYO acquires Paris-based Checkmyguest for Rs 230 crore READ MORE
04. Diversity Initiatives
Covers company DEI initiatives and recent developments -
India needs 400 million more women in workforce to contribute $14 trillion to economy READ MORE
05. Leadership Highlight
Covers leadership movements and hires -
Rajesh Nambiar quits Cognizant , appointed nasscom president-designate READ MORE
The Coca-Cola Company appoints Greishma Singh as market head for India Southwest Asia READ MORE
Lenskart.com to hire three high-earning entrepreneurs to develop new D2C eyewear brands READ MORE
Material announces hiring of three key senior leaders READ MORE
06. Jobs Market Trend - India
Covers growth trend of vanilla skills (based on job demand trend) -
Data Science: 70% growth in headcount in past one year; 26K+ active job openings
Software Engineer: 25% growth in headcount in past one year; 68K+ active job openings
Data/ Business Analyst: 64% growth in headcount in past one year; 1.1K+ active job openings
Project Manager: 1% growth in headcount in past one year; 2.7K+ active job openings
Human Resource: 3% growth in headcount in past one year; 3K+ active job openings
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.