Get Salaries in India Information from Salary Portal of India

Shell to Cut Staff due to Fall in Crude Prices

Shell which globally employs 100,000 people has over 3500 employees in India has decided to cut 6500 jobs globally due to falling crude oil prices which may result in downsize in India as well. The company announced its plan to cut staff and profit after 37% year on year decline on its net profit. Other … Continue reading Shell to Cut Staff due to Fall in Crude Prices

Paytm to Increase Headcount to 5,000 by end March, Hire 1,900 People

In order to expand business and give neck to neck competition to rival snapdeal, Paytm plans to hire 1,900 persons to make its total headcount to 5000 over the next three quarters. out of 1900 two-third will be hired in operations and the rest in product engineering. Also, it is setting up two more offices … Continue reading Paytm to Increase Headcount to 5,000 by end March, Hire 1,900 People

Delhi HC Slams Ola

Delhi High court slammed ANI Technologies Pvt Ltd operated app-based Ola cab on violating the Supreme Court ruling 2001. As its taxis operate on diesel and not on CNG. The Delhi HC warned Ola if they won’t stop polluting the capital by using diesel cabs, the service will be forced to shut down and January … Continue reading Delhi HC Slams Ola

Ola to Raise Funds Again in Order to Keep Pace with Rival Uber

After raising $400 million in April, Ola is again in talks with its existing investors Softbank, Tiger, DST to raise $500 million which will make this $2.5 billion company worth $4.5 billion. After funding, Ola is planning to launch discounting schemes and new business including cafe, buses and grocery. The deal is estimated to be … Continue reading Ola to Raise Funds Again in Order to Keep Pace with Rival Uber

Nestle Replaces Etienne Benet with Narayanan

Owing to the Maggie controversy, Etienne Benet over saw the company’s operations. The swiss food giant Nestle decided to to transfer India MD Etienne Benet to its headquarters in Switzerland and will be replaced by Suresh Narayanan, chairman and CEO of Nestle Philippines. Other Important Headlines MNC’s fire top executives who fail to perform. Brookfield … Continue reading Nestle Replaces Etienne Benet with Narayanan

Indian Pharma Co. Lupin to Buy US Co. Gavis for $880m

Indian pharma company Lupin will make an expensive deal of buying less known US company Gavis for $880 million for its portfolio of specialised products and is hoping to safeguard sales in the all important US market which contributes nearly half of Lupin’s revenue. Other Important Headlines Flipkart and Snapdeal seeks to raise billion-$ this … Continue reading Indian Pharma Co. Lupin to Buy US Co. Gavis for $880m

Radio Mirchi Seeks to Strengthen North Network, Seeks to Buy ‘Oye’ in 4 Cities

The Times Group-run Entertainment Network India(ENIL)’s Radio Mirchi operating in 32 cities across the country now claims to have received approval from I&B ministry to buy TV Today’s Network ‘Oye’ in Amritsar, Jodhpur, Patiala and Shimla. Further ENIL is hoping to get approval to buy Delhi, Mumbai and Kolkata as well. Other Important Headlines Kinnevik … Continue reading Radio Mirchi Seeks to Strengthen North Network, Seeks to Buy ‘Oye’ in 4 Cities

Toshiba Caught up in Country’s Biggest Accounting Scandal of $1.2B Since 2011, Top Executives Resign

The 140 year-old Japanese company is caught up in country’s biggest accounting scandal amounting $1.2 billion since 2011. It is believed that unrealistic standards set by top executives led to the scandal. Also, the president along with two other executives resigned from their position and withdraws from taking the responsibility. Other Important Headlines Infosys posted … Continue reading Toshiba Caught up in Country’s Biggest Accounting Scandal of $1.2B Since 2011, Top Executives Resign

Tata Invested in Around 10 Companies, Mostly Ecommerce

In an interacting session with the students of Great Lakes Institute of Management at its 11th convocation, Tata Sons chairman Emeritus Ratan Tata revealed they have invested in around 10 companies mostly ecommerce including Snapdeal and Xiaomi in the past few months. Also, he recently invested in Coimbatore based startup firm, Ampere Vehicles. The amount … Continue reading Tata Invested in Around 10 Companies, Mostly Ecommerce

Barclays to Fire More Than 30,000 Employees Within Two Years

After firing its chief executive Antony Jenkins this month, Barclays plans to cut 30,000 jobs within two years. After The Finance Conduct Authority’s supervisory team conducted 186 visits to Barclays in 2014, the most among the biggest British banks. The bank sought the only way to address its chronic underperformance and double its share price … Continue reading Barclays to Fire More Than 30,000 Employees Within Two Years

SquadRun targets to create million jobs and 100 customers by 2020

SquadRun is a one-year old start up company which has identified pain points of internet companies and help deliver results via games by outsourcing the task to freelancers who play in exchange of currency on mobile wallets which can be redeemed later by using Paytm or PayU. Till now 40,000 people have downloaded this app, … Continue reading SquadRun targets to create million jobs and 100 customers by 2020

Tata Steel Identifies 720 Potentially Redundant Positions in UK

Global steel giant Tata Steels in planning to refocus on high-value segments like aerospace, as it tries to rebuild its business strategy which will end up to cut up of 720 jobs maily at its UK facility. On the Rotherham-based bar business, the firm is underperforming in the face of commodity grade steel being imported … Continue reading Tata Steel Identifies 720 Potentially Redundant Positions in UK

Adidas Appeals DIPP to Set Own Stores in India

Three years after the Adidas’s US brand Reebok was forced to close its all stores in India, Adidas has filled an application with the Department of Industrial Policy & Promotion(DIPP) for setting up fully owned stores in the country. Adidas, which competes with the likes of Nike and Puma is looking to reach 1,000 stores … Continue reading Adidas Appeals DIPP to Set Own Stores in India

Myntra Goes Global to Search for New CEO

As Mukesh Bansal, founder and CEO of Myntra.com has moved to a larger role at parent company Flipkart and is busy with taking the country’s largest ecommerce firm to the next level. Myntra, the country’s largest online fashion retailer is looking overseas candidates with proven Internet background and experience of setting up businesses of scale. … Continue reading Myntra Goes Global to Search for New CEO

Samsung Lost its Market to Local and Chinese Smartphone Players

Samsung’s smartphone market share fell from 28% to 21.5% in India in the quarter to June. The company, however, didn’t lose its position and still leads the overall handset market in the country with 18.9% share. Micromax maintained its second position with 12.6% share of the overall mobile phone market in the quarter to June. … Continue reading Samsung Lost its Market to Local and Chinese Smartphone Players

MY Kim to Replace Soon Kwon, India Head LG as the Market Slows Down

LG Electronics is to replace its managing director Soon Kwon, with MY Kim, formerly global head of marketing for the $56-billion firm’s television and audio business. LG Electronics has called this first-ever mid-year change of management on the back of poor sales growth during kwon’s tenure and a slowing market. Despite of the fact that … Continue reading MY Kim to Replace Soon Kwon, India Head LG as the Market Slows Down

17 Thousands People this Year to be Trained by NSICL

National Small Industries Corporation Limited NSICL will train 17,000 people this year. The step taken to support the ‘Make in India’ initiative taken by PM Narendra Modi. According to the general manager of NSIC’s technical services centre, this year they have to pass out 4000 people for skill development programme. They will also train another … Continue reading 17 Thousands People this Year to be Trained by NSICL

13 Percent Hike in the Salary of IndiGo’s Pilots

India’s low cost carrier and one of the biggest airline has increased the salary of pilots by 13%. Hike in the salary by IndiGo has also been given to cabin crew of 16%. Step has been taken to prevent the talented commanders from Gulf carriers. Salary of first officer for flying his stipulated 50 hours … Continue reading 13 Percent Hike in the Salary of IndiGo’s Pilots

Recommendation for MPs Salary Hike Scraped by Government

Recommendation by a parliamentary panel to hike in the salary of MPs by 100% has been scrapped by the government. Parliamentary panel had given 65 recommendations, where the government has strictly disprove 18 recommendations and disagree with the 15. Government can work for 3 recommendation later, but they find no need of changing the salary … Continue reading Recommendation for MPs Salary Hike Scraped by Government

Women Make History in IIM Kozhikode

This year, graduates, and women especially, at IIM Kozhikode have definitely more to cheer for. The premier B-school created history by rolling out the largest percentage of women as graduates – as compared to any other top B-school in India. In the batch that graduated this year, out of the 348 students, 200 were women. … Continue reading Women Make History in IIM Kozhikode