Edition 9: Weekly Industry News and Trends
September 17, 2024
Welcome to the ninth 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 -
Tata Electronics , Tata Consultancy Services to develop India's first domestic chips by 2026 READ MORE
ChatGPT -maker OpenAI claims its new model performs similarly to PhD students READ MORE
Flipkart to hire more than one lakh staff this festive season READ MORE
NXP Semiconductors to double its India workforce to 6,000+ in five years READ MORE
Origin starts Bengaluru operations, plans to raise $10 million funding READ MORE
Taiwan's Delta Electronics aims to double India workforce READ MORE
Mastercard agrees to buy cyber defense firm for $2.65 billion READ MORE
Dell Technologies says job cuts will continue with margins under pressure READ MORE
L&T Technology Services joins semiconductor race, to create chip firm and invest over $300 million READ MORE
02. Industry News
Covers industry-specific news and major announcements, including global layoffs -
Yotta Data Services Private Limited , nasscom , Telangana AI mission launch accelerator program for startups READ MORE
Generative AI Startups in India 2024 (Complete List) READ MORE
foundit Insights Tracker: IT and real estate sectors propel a 15% surge in annual hiring growth READ MORE
IT firms delay onboarding leave fresh graduates in financial trouble READ MORE
India GCC Sentiment:
Global Capability Center of ZF LIFETEC in Hyderabad inaugurated READ MORE
India's GCC boom: Fortune 500, mid-sized firms expand with new operations READ MORE
Bengaluru solidifies GCC hub status with 875 units, NCR a distant second with 465 READ MORE
Over 25 Global Capability Centers to open up in 2-3 yrs; Bengaluru preferred location READ MORE
India's GCC market to grow to $105 billion by 2030 READ MORE
70% of Fortune 500 firms will expand reach to India by 2030 READ MORE
Ford Motor Company to make a comeback in India to boost exports, hire up to 3,000 more READ MORE
Docusign expands India operations, opens new office in Bengaluru READ MORE
Global Layoff News:
PwC US to cut 1,800 jobs over restructuring, its first layoffs in 15 years READ MORE
Samsung India to cut 200 jobs, halt hiring amid cost-cutting efforts READ MORE
03. Expansions and M&A
Covers company M&A news -
IBM to acquire Accelalpha , leading oracle consultancy READ MORE
Salesforce joins the AI race, announces plans to acquire AI startup Tenyx READ MORE
Alkem Laboratories Ltd. looks to acquire JB Pharma as Torrent Pharmaceuticals Ltd pulls out of talks READ MORE
04. Diversity Initiatives
Covers company DEI initiatives and recent developments -
LGBTQIA+ inclusion picks up speed in India Inc READ MORE
05. Leadership Highlight
Covers leadership movements and hires -
Ashish Shekher appointed as head of Talent Acquisition & HR operations at JSW Steel, Sambalpur works READ MORE
ManipalCigna Health Insurance Company Ltd. appoints Richa Chatterjee chief human resources officer READ MORE
Tata Technologies appoints Geena Binoy as Chief Human Resources Officer 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.
