Edition 7: Weekly Industry News and Trends
September 3, 2024
Welcome to the seventh 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 -
Technip Energies onboards over 300 trainees in India READ MORE
Mercedes-Benz AG to expand India footprint, target tier-2 cities with 10 new service centers READ MORE
Rassense Private Limited achieves major milestone with 4000 employees & expansion amidst high industry attrition READ MORE
Ford Motor Company becomes the latest company to scale back its diversity and inclusion policies READ MORE
Cognizant puts HQ in Chennai up for sale, eyes Rs 800 crore READ MORE
Convin secures $6.5 million in funding for expansion plan READ MORE
HouseEazy bags $7 million from Chiratae Ventures , others to expand its proptech play READ MORE
Mphasis wins the 2024 nasscom ai Gamechangers Award for Enterprise under Healthcare and Pharma category READ MORE
02. Industry News
Covers industry-specific news and major announcements, including global layoffs -
India's AI market to touch $17-billion by 2027 READ MORE
AI talent recruitment struggles in India due to high salary demands READ MORE
Indian cement industry to implement gradual price hikes amid demand slowdown READ MORE
Hiring in Indian telecom, ISP and allied industry to see over 5% growth in Jul-Dec READ MORE
Best Workplaces in Asia 2024 is out READ MORE
India GCC Sentiment:
India to see 20 lakh jobs across 1,900 Global Capability Centers by next year READ MORE
Global Capability Centers in India offer higher salaries than IT services READ MORE
India-GCC trade reaches $162 billion, strengthening energy and defense READ MORE
Illumina announces global expansion plans in country, Global Capability Center to be setup in Bengaluru READ MORE
Global Layoff News:
Tech Layoffs 2024: iPhone maker Apple cuts jobs in digital services group. READ MORE
IBM to cut 1,000 jobs in China, likely to move some offices to Bengaluru READ MORE
Goldman Sachs performance review results in at least 1,300 job cuts READ MORE
03. Expansions and M&A
Covers company M&A news -
Lightcast acquires UK-based talent intelligence firm Stratigens READ MORE
Accenture completes acquisition of Partners in Performance, Part of Accenture READ MORE
Air India Limited and Vistara - TATA SIA Airlines Ltd. merge on November 12, 2024 marking a new chapter in Indian aviation READ MORE
04. Diversity Initiatives
Covers company DEI initiatives and recent developments -
Women directors in Nifty50 companies see pay double, outpacing male peers READ MORE
Foxconn to push for more women in leadership roles following fiasco over policy on hiring married women READ MORE
Apple Made-in-India push may create 600,000 jobs, 70% for women READ MORE
Future Generali India Life Insurance launches women-led digital sales channel ‘WiN’ READ MORE
Tata Group to hire 4,000 women technicians in Uttarakhand for precision manufacturing jobs READ MORE
05. Leadership Highlight
Covers leadership movements and hires -
Johnson & Johnson elevates Kristen Mulholland to EVP & CHRO READ MORE
OpenAI hires former Meta executive Irina Kofman to head strategic initiatives READ MORE
Orient Electric onboards Sanjeev Bakshi as Head of IR and ER, Human Resources READ MORE
nasscom appoints SAP Labs India MD Sindhu Gangadharan as chairperson READ MORE
Rajesh Varrier named Cognizant new India Chairman & MD, Rajesh Nambiar becomes nasscom president 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.