The world needs more good news! That’s why we’ve decided to gather some good Human Resources (HR) and Employee Experience (EX) stories every week to inspire you and make you feel hopeful about the future.
IT Hiring Boom: 80,000 New Employees Hired In Last 60 Days Across India
In the last two months of 2020, the IT services industry hired about 81,000 people across mid- to senior-levels. Hiring agencies said that this is due to the demand from the tech services companies and captive centers of the global firms. According to Han Digital, an IT-BPM recruitment research firm, combined recruitment by technology services companies, captive centers, and business process management (BPM) companies in December alone has seen a 10% increase as compared to the same period of the previous year.
IIT Delhi students bag over 925 job offers in phase 1 of placement season
Indian Institute of Technology (IIT) Delhi students have bagged over 925 job offers in the first phase of the virtual placement season. Top recruiters on the campus in terms of the number of students recruited included Microsoft, Intel, Oracle, Tata Projects, EXL Services, ICICI Bank, Goldman Sachs, HCL, Wells Fargo, and IQVIA, according to a release issued by the IIT.
(Source: Economic Times)
MG India to invest another Rs 500 crore, hire 1,000
MG Motor India is planning to invest an additional Rs 500 crore into its operations to increase localization of critical components and fund vendor development. This comes close on the heels of its announcement 4 weeks ago of an additional Rs 1,000 crore investments to ramp up capacity at its Halol plant. The fresh investment will be followed by some aggressive hiring too as MG plans to employ “another 1,000 people this calendar year at Halol and the head office in Gurgaon,” said Rajeev Chaba, president & managing director, MG Motor.
(Source: Times of India)
Bengaluru may soon earn a city-that-never-sleeps tag
India’s tech capital may soon become a round-the-clock city, a challenging mission while the covid-19 pandemic continues to impact lives but one with the potential to boost the country’s untapped night economy. The Karnataka government is working on implementing a recent order that allows shops, restaurants, malls, and other establishments that come under the Karnataka Shops and Commercial Establishment Act, 1961, to remain open 24X7 to help generate employment and revive its sagging economy.
India Inc’s hiring intent boosted by Covid vaccine new
New Year. New Hiring plans across India Inc. With vaccine rollout imminent, companies across sectors and regions intend to create jobs briskly, two surveys on hiring intents shared exclusively with ET show. And tier 2, 3 cities will be white-collar job market hotspots.
(Source: Economic Times)
Over 96% of TCS employees continue to work from home
A vaccine rollout may be imminent in India but a majority of employees at the country’s largest software major TCS continue to work from home. TCS’ Chief Human Resources Officer Milind Lakkad said 3.4% of employees are currently working out of office, during the company’s media briefing after its third-quarter results. TCS has a consolidated headcount of 4,69,261 employees so this would imply a whopping 4.53 lakh employees are currently working from home.
(Source: Times Now)
Organic beauty marketplace Vanity Wagon raises $200K in a seed round led by Agility Venture Partners
Delhi-based information-oriented organic beauty marketplace Vanity Wagon on Wednesday said it has raised a seed funding of $200,000 (Rs 1.5 crore) led by Agility Venture Partners. Other investors who participated in the round include Dhianu Das (Managing Partner, Alfa Ventures) and Sanjay Nagi (angel investor). Further, with tremendous growth in the clean beauty industry (over 50 percent year on year) over the last three years and with brands such as Mamaearth, The Moms Co, and ARATA strengthening their hold on the market, investors found it ideal now to back a clean beauty market, the release added.
Phi Commerce raises $4 million in Series-A funding round
Digital payments firm Phi Commerce has picked up $4 million in a Series-A funding round led by Singapore-based venture capital firm Beenext. The round saw participation from Yatra Angel Network (YAN), which is managed by fintech industry veteran Abhishant Pant. The Pune-based company, which currently processes 100 million monthly transactions and has a presence in Tier I to Tier III cities, will utilize the funds to bolster its product offering, expand in existing markets and enter new geographies, as per a statement.
(Source: Economic Times)
There are a million stories like this that we don’t know about, but they sure deserve all our respect. If you know any such story, please share it with us. We would love to tell the world about more positive news!
Time goes on. So whatever you’re going to do, do it. Do it now. Don’t wait.–Robert De Niro