ANT STAFF INCENTIVE POOL
Donald Trump's attacks on his trial judges trigger widespread calls for violence
New York Justice Juan Merchan, Trump declared on Truth Social, is a "highly conflicted" overseer of a "kangaroo court." Trump supporters swiftly replied to his post with a blitz of attacks on Merchan. The comments soon turned ugly. Some called for Merchan and other judges hearing cases against Trump to be killed.
Boom in e-commerce opens door for multiple jobs at all levels
The e-commerce industry is booming due to increased smartphone and internet access, offering a plethora of job opportunities. Evolving consumer behavior and technology advancements are driving this growth, with a projected surge in India's online consumer base. The sector demands a wide range of skills, from tech-related roles to digital marketing and content creation.
Repair or replace? Insurers in this country sending electric cars to junk yards due to mechanic shortage
Electric car sales in the UK face challenges due to a shortage of trained technicians for complex EV repairs. The scarcity of repair technicians poses a threat to exacerbate this situation, particularly in the UK, where consumer adoption has remained stagnant for nearly two years. The lack of mechanics trained to handle advanced EV repairs is contributing to the escalation of repair costs.
Italian watchdog's AI staff struggle spotlights global challenge
But Italy's data protection agency could not recruit the people it wanted, with a dozen candidates dropping out over issues including pay, highlighting a growing challenge facing regulators around the world.
Abu Dhabi is trying to lure traders with perks on country clubs & school admissions
Abu Dhabi officials are strategically positioning the city as a top financial center by offering perks and leveraging sovereign wealth capital. The city's growth is evident with the influx of global financial firms and professionals, solidifying its status in the industry.
Regulatory actions prompt rethink among fintechs; and other top startup stories this week
Fintech industry faces regulatory challenges, affecting players like Paytm Payments Bank. Market dynamics shift with increasing regulatory scrutiny. Fintech startups adapt to changing landscape and consumer-focused regulations, emphasizing compliance and strategic recalibration.
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MSME apprenticeship may become shorter, better-paid
Depending on the fiscal burden on the exchequer, the government could either tweak the existing apprenticeship schemes or draft a new scheme dedicated to MSMEs, which account for 38.4% of the total manufacturing output and contribute 45.03% of the country's total exports. The government has held several rounds of discussions with the industry and is expected to unveil the roadmap for hiring of apprentices by MSMEs by the middle of this year.
StanChart unveils big buyback, profit jump as CEO bemoans 'crap' share price
"The share price is crap. I know that's going to be a quote," Winters told reporters on a conference call in response to questions about the lender's valuation, which has fallen 4% in the year to date and 16% in the last 12 months.
HSBC's shares slide as $3 billion China bank hit mars record profit
HSBC Holdings on Wednesday reported a shock $3 billion charge on its stake in a Chinese bank amid mounting bad loans in the country, sending the British bank's shares plunging and taking the shine off its record annual profit.
India’s Chandrayaan-3 makes historic soft-landing on moon
The Indian Space Research Organisation’s (ISRO) Chandrayaan-3 mission successfully put down its lander Vikram on the moon on Wednesday, nearly four years after its predecessor crashed during the landing attempt.
Ant's surprise share buyback values firm at steep 75% discount to IPO
Ant's major shareholders, Hangzhou Junhan Equity Investment Partnership and Hangzhou Junao Equity Investment Partnership, have voluntarily decided not to participate in the repurchase, the company added.
Ant to buy back shares at 70% lower valuation than at IPO
The limited partners also committed to retaining the two dividends in 2022 with Hangzhou Junhan and Hangzhou Junao to enhance the operation’s capital strength. With the regulatory clampdowns out of the way Ant can refocus on business growth and even pave way for reviving its IPO.
CXO crunch: Core sector companies facing acute shortage of talent at senior management
Executive search firms and industry experts said the problem has been years in the making as talented graduates have steadily moved away from the manufacturing sector.
HSBC cuts staff bonus pool, lifts CEO Noel Quinn's total pay
Once long-term incentive awards are included, Quinn's total pay could reach 10.5 million pounds, the bank said. HSBC reported a strong fourth quarter profit to end 2022 but a cautious outlook left some investors pondering whether the boost to earnings from higher central bank rates may already have peaked.
Zomato deep in red, but exudes optimism; TikTok fires entire India staff
Zomato is unperturbed by losses widening in the December quarter. The Deepinder Goyal-led food delivery app has reasons to feel confident as consolidated revenue from operations has surged 75% to Rs 1,948 crore.
India Inc may see more staff saying bye this year: Survey
The overall average attrition rate is projected at 19 per cent compared to the 2021 attrition rate of 12.1 per cent, show data from 100-plus companies across 18 sectors in the latest salary increment and workplace trends survey by human resources consulting firm Omam Consultants.
China's Ant Group CEO leaves after failed IPO prompts revamp
Hu, who was named the chief executive of the Alibaba Group Holding in 2019, will be replaced by company veteran and Executive Chairman Eric Jing, the financial technology giant said.
Ant Group CEO Simon Hu resigns, Eric Jing to replace him
Simon Hu’s resignation as Ant Group CEO comes at a time when the fintech giant is being pushed by regulators to revamp operations after its failed $37 billion IPO.
Female staff in ecommerce companies have doubled to over 40k in one year
The food delivery startup Swiggy, which is also a Unicorn, has plans to add over 1,500 deliverywomen in the next six months.
Tata Steel pushes for gender diversity; to increase female staff to 18% from 9% in 4 years
The programme is driven by the need that the company doesn’t miss out on the economic opportunity of getting more women into the workforce.
After SBI proposal, all public banks may get to share profits with staff
State Bank of India’s proposal to share 3-5 per cent of net profit with its employees as an incentive may encourage the government to extend the initiative to all state-run banks.
SEC eyes test that may lead to shift away from 'dark pools'
The measure aims to address a concern among some regulators and academics about the increasing level of trading that happens outside of exchanges.
Companies to develop alumni networks and rehire ex-staff: Rajesh Jain, HR, Srei Infrastructure Finance Ltd
Companies have now evolved from a model of ‘candidate relationship management’ to a model of building a ‘talent network’ from which to recruit.
Foreign travel no more an incentive for techies
Foreign customers are asking IT vendors to maintain only a minimal staff onsite, given that they have to pay more for such staff..
Foreign travel no more an incentive for techies
Foreign customers are asking IT vendors to maintain only a minimal staff onsite, given that they have to pay more for such staff, something they would like to avoid in the current dull economy.
With HNIs mushrooming, companies hire specialists to service Ultra-Rich
Indian HNIs invest one-fifth of their income for growing their wealth, opening up many business opportunities.
Cos re-hire staff on sabbatical
Employers save on costs, besides taking on board people with experience who come back to work with renewed zeal.
Nation faces acute crunch for doctors, paramedical staff
According to the latest data on rural health statistics, a huge number of posts sanctioned for medical staff in primary and community health centers have been lying vacant.
SBI wants to use Esop carrot to retain talent pool
To raise Rs 16,736 Cr through rights issue and rs 1,370 cr by issuing shares to employees under ESPS.
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