GENPACT NEWS
Genpact elevates Piyush Mehta, CHRO, to India country manager
Genpact has appointed Piyush Mehta as Country Manager, India, while retaining his role as Chief HR Officer. The move aligns with the company's shift to an AI-first model. Mehta will oversee the company's growth strategy, focusing on talent development in tier 3 cities. Genpact aims to leverage India's skilled workforce for economic growth.
Wipro appoints Jasjit Singh Kang as head of digital operations & platforms
Kang has over 28 years of technology and business leadership experience and has expertise in areas of operations management technology-based innovation, business development, and relationship management.
FarEye appoints Manoj Rathi chief financial officer
Rathi is a Chartered Accountant and holds a bachelor's degree in commerce from St. Xavier's College, Kolkata. He has worked in the IT services space for almost 20 years, as well as eCommerce and Manufacturing sectors with Indian & Foreign multinationals managing the global Finance, Taxation, Legal & Secretarial functions. He has been involved in several M&A transactions & integration and spearheaded finance transformation, process re-engineering & digitization initiatives.
Haryana's private job reservation law worries companies
The Haryana law reserving 75% of private sector jobs with monthly pay of up to Rs 50,000 for people of the state has been approved by the governor, chief minister Manohar Lal Khattar said on Tuesday. The state legislature had passed the legislation last year. Some experts said it could trigger a dangerous trend if other states adopted similar legislation.
More women in IT workforce, companies now work on their growth
According to data from 451 Research, a technology industry research firm, women now make up 34% of the IT workforce in India and the country is now almost at 50:50 gender parity rate in STEM graduates.
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India can emerge as reskilling hub in post-covid world, tech leaders say
Nasscom with Indian IT firms has reskilled over a third of the 4.5 million workforce in India in digital skills, helping the tech sector grow in a pandemic year.
Lakshmi Vilas Bank surges 10% as merger talks with Clix Capital on track
"We wish to inform that the mutual due diligence is substantially complete, and the parties are in discussions on the next steps. The bank will continue to share any further information as and when they materialise," the bank told BSE.
Gurgaon MNCs, BPOs, ITeS offices may have to work from home till July end, says official; no official advisory, clarifies Haryana govt
The CEO of the Gurgaon Metropolitan Development Authority further added that several real estate projects, including those of DLF, have got the green signal to resume construction but within the norms of social distancing.
Indian IT roped in to rid Facebook of its fake news woes
To fight fake news, Facebook has increased engagement with firms including Genpact and Accenture, sources say.
India's graduates line up to rid Facebook of inappropriate content
Facebook directly employs content moderators but also outsources the task of screening posts.
Banks yet to figure out new-age banking
According to a Genpact survey, one in four consumers are comfortable with a digital assistant such as Siri and Alexa (or a bank’s own service) to open a new account for them.
ET-Nasscom Roundtable: How large companies can become hubs of innovation too
"Innovation certainly doesn’t only belong to startups. I think startups tend be highlighted more for that only because they are breaking ground sometimes, they are challenging the status quo," said Gururaj.
Women employees to bear brunt of ban on diesel cabs
Employees working at BPOs and call centres of MNCs are likely to be affected the most, as the cabs that ferried them to offices are mostly diesel-powered .
Google IT: Outsourcing deal search may become more rewarding for Indian firms
Google has started becoming open-fisted with software services, thus presenting Indian IT a chance to add a lucrative client to their roster.
Organisations holding sensitisation programmes, starting hotlines to tackle bullying at workplace
The cause for bullying may in part be due to a personality issue, said SV Nathan, senior director and chief talent officer at Deloitte in India.
Automation in IT companies reducing space for employees; puts question mark on future of IT grads
Between April 2013 and March 2014, the IT industry added only 13,000 employees for every billion dollar of revenue, according to data from Nasscom.
EXLServices starts hunt for partner, may sell 15-20%
EXL, which competes with rival Genpact and WNS Global Services, has appointed Citigroup Capital Markets to scout for buyers, people with knowledge of the plan said.
Why layoffs are no longer a matter of stigma
Globalisation has made executives more familiar with the Western idea that getting laid off is part of market ups and downs.
Rising peso may bring good news for Indian BPOs
Between 2010 and 2012, the Philippine peso rose over 6%, while the Indian rupee depreciated 22%, making outsourcing services to Philippines more expensive.
Why Infosys, TCS, Wipro, Cognizant, HCL are not keen on buying BPO major Genpact
According to industry players, the $1.6-bn Genpact does not fit the bill for IT biggies as it comes with low-end voice work and will hit margins.
Infosys BPO looking for buyouts to double its revenues to $1 bn
Infosys BPO is actively scouting for buyouts to double its revenues, even as its parent Infosys sits on cash pile of $4 bn, struggling with sluggish growth.
Retrospective taxes to hit foreign investors: GE CEO
GE India CEO ohn Flannery said the ‘retrospective taxes’ proposed in the Union Budget do not provide a stable policy for foreign investors.
Budget 2012: Infosys hopes for reforms; Genpact not sure
Infosys chief Gopalakrishnan expressed hope that DTC & GST will be pushed through in Budget 2012, while Genpact feared reforms will be tough going forward.
SKS Mocrofinance hits lower circuit, down 5%
SKS Microfinanace Ltd has hit the lower circuit filter of 5% at Rs 316.95.Negative news continues to flow in the stock.
TCS, Cognizant, Wipro, Accenture, Genpact, HCL bite into drug safety
Industry experts say that pharmacovigilance & clinical data management is growing at feverish pace with some pegging the growth rate at 100%.
Pressure mounts on Rajat Gupta to quit ISB
The ISB campus has been abuzz with the possibility of Rajat Gupta offering to resign till his name is cleared in the insider trading scandal.
Uncertainty clouds IT outsourcing from telcos
Investigations into irregularities in spectrum licences have put a question mark over the future of telcos' outsourcing contracts with IT firms.
Genpact acquires US-based Symphony
India’s largest back-office firm Genpact on Wednesday announced the acquisition of US-based analytics and data management services provider Symphony Marketing Solutions (SMS), for an undisclosed amount.
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