Tag: Merger
HGS to acquire uKnowva, a digital HRMS product business
Hinduja Global Solutions (HGS) has signed a non-binding Letter of Intent (LoI) to acquire uKnowva, a digital human resources management system (HRMS) product business,...
How Modenik Lifestyle integrated cultures after the merger
Last year, Advent International decided to merge its two portfolio companies, Dixcy Textiles and Gokaldas Intimate wear, the latter being the parent company of...
Churchill II to merge with Skillsoft and acquire Global Knowledge
Churchill Capital Corp II will merge with Skillsoft, as per an agreement entered into by the two parties. The transaction is valued at about...
CBSI India and staff to now operate as part of FirstMeridian
FirstMeridian, the HR platform, has announced 100 per cent acquisition of technology company, CBSI India. The information technology (IT) staffing business and its employees...
“No layoffs post merger of OBC, UBI and PNB,” assures MD...
SS Mallikarjuna Rao, MD and CEO, Punjab National Bank (PNB), has assured the employees that no jobs will be slashed following the merger of...
Willis Towers Watson faces lawsuits for misleading shareholders
The acquisition of Willis Towers Watson by Aon has been making headlines for all the wrong reasons. The former is facing a minimum of...
Employees strike against merger and consolidation of PSBs
Employees of public-sector banks (PSBs) held a day-long protest against the merger of banks and the hike in service charges. A nation-wide dharna against...
BSNL and MTNL to be merged, Cabinet approves VRS package for...
As part of the rescue plan to revive Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL) the Governemnt has decided to merge the...
Bank employee unions to go on strike on 22 October
Banking operations are likely to be impacted next week when the bank employee unions go on strike on 22 October. The strike has been...
BSNL will lay off 30% contract workers
It is reported that 30 per cent of the contract workers in BSNL will be laid off, as the state-run telecom company is struggling...
Mahindra & Mahindra will control the composition of board of directors...
Indian multinational car manufacturing company, Mahindra & Mahindra (M&M), will be acquiring 55 per cent stake in Meru Travel. As per the agreement, post...
How can HR ensure the success of a strategic alliance?
There are many examples of strategic alliances in India, where two organisations have come together to achieve a certain goal. One such example is...
Merger of Lakshmi Vilas Bank and Indiabulls Housing Finance announced
Private-sector lender, Lakshmi Vilas Bank is merging with the non-banking finance company (NBFC), Indiabulls Housing Finance. The announcement was an unexpected one for the...
160 laid off at Al Hilal Bank, Abu Dhabi
With a three-way merger on the cards, Abu Dhabi’s Al Hilal Bank has reportedly rendered 160 people jobless. The Bank is expected to merge...
Deutsche Bank to merge with Commerzbank, US staff uncertain
About 10,000 employees of Deutsche Bank in the US are enveloped in uncertainty with the Bank expected to be merged with Commerzbank. The employees...
Walmart Labs acqui-hires start-up Int.AI
After having acqui-hired the start-up Appsfly in September this year, Walmart Labs is now acqui-hiring Int.AI, a machine learning start-up, in an attempt to...
LinkedIn acquires Glint, to offer better, insightful and actionable feedback
Microsoft-owned LinkedIn — the web- and mobile-based business and employment-oriented service — has announced its acquisition of Glint, which is a California-based organisation that...
Mercer acquires talent-assessment firm Mettl
Mercer, a global consulting company has acquired the Gurgaon-based talent assessment company, Mettl.
Mettl, founded by Tonmoy Shingal and Ketan Kapoor, has been around for...
HPCL and Mangalore Refinery merger may create people integration issues
With both entities involved in refining, some positions may become redundant.
Over 1,00,000 jobs axed in the US in January 2023
Since the year 2020, employers in the US have axed the maximum jobs, reveals a report. About 1,02,943 jobs were cut in January 2023,...
Latest
Infosys terminates hundreds of freshers
Indian IT giant, Infosys, has reportedly terminated hundreds of freshers in recent months after they failed an internal fresher assessment (FA) test, according to...
IR Talks with Sarajit Jha, chief business transformation & digital solutions, Tata Steel
Sarajit Jha, chief chief business transformation & digital solutions, Tata Steel talks to Prajjal Saha, editor, HRKatha on Tata Steel's extraordinary approach on digitalisation...
Frustration among HPSSC staff over delayed salaries
The employees of the Himachal Pradesh Staff Selection Commission in Hamirpur are frustrated with the state government's lack of action in providing their salary...
How insensitive of companies to hand out digital pink slips!
Terminating an employee is never easy. Employers need to do go about it with utmost sensitivity and empathy.
However, in the current spree of layoffs,...
DIALOGUE
EQ, IQ & empathy define the success of a CEO
Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...
“The big change has been that we have moved from jobs to skills,” Amaresh...
Q. How would you define the culture at GE?
A. Having been present in this region since 1902, GE has been around for 120 years....
“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton
Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...
