Jack Ma resurfaced after over two months out of public view while Chinese regulators ruined Ant’s $35 bn IPO, tightened regulations, ordered an overhaul and launched an antitrust probe into Alibaba. Ma participated in an online ceremony of Rural Teacher’s Initiative, his first after Oct 24 when he was last seen in public. While still unclear about where Ma was, Beijing pursued investigations into Ant and Alibaba Group Holding Ltd.
Rajat Maheshwari has joined PNB Housing Finance as CISO. He will be responsible for creating a new security framework on a risk-based approach at housing finance firm, along with governance, data security, and security assessment. Maheshwari, having 18 years of experience, has served Max Bupa Health Insurance as CISO in the recent past. A PG in Cyber Law & Security from IMT, Maheshwari’s specialises in Risk management, Data privacy, Audit & Compliance.
The top four IT firms — TCS, Infosys, HCL Tech, Wipro — plan to hire 91,000 freshers for 2021-22 as the demand has sharply picked up. TCS will hire about 40,000 freshers, Infosys would hire 24,000 college graduates. HCL aims to hire 15,000 freshers in India and 1,500-2,000 people on-site. Infosys, recently, won a $3.2bn deal from German auto major Daimler. TCS locked a deal from Prudential Financial. Wipro signed German retailer Metro.
Kunal Mehta has joined Fabindia as Group CTO. He will be based out of New Delhi and responsible for defining the IT strategy for the group and driving digital transformation. Mehta’s last assignment was with Raymond where he spent over four years as Head of Information Technology before moving to Fabindia. In his over two decades of professional experience, Mehta has worked with Trent Hypermart, Reliance Retail, and Johnson & Johnson.
HCL Technologies will hire about 20,000 people over the next six months to meet the strong growth in the adoption of digital services. The Noida-based company crossed $10 bn revenue in 2020 and has 1,59,682 employees by end of Dec 2020. “There was net hiring of over 6,500 people in Q3. There is a big demand pipeline and so, we are continuing to hire both freshers and lateral talent to fulfil the demand,” said HCL Technologies President and CEO C Vijayakumar.
T Delaporte joined Wipro as a CEO in July last year from Capgemini. Since then the company’s share price has risen 103%. Under his leadership, Wipro has undergone many changes and one of them was sales performance tracking, which was earlier done on a quarterly basis. ” We have moved into a monthly cadence. That has tripled the speed, and we have seen an immediate positive impact of this measure” said T Delaporte in an interview.
Hiring is set to back as most organisations have lifted the freeze on recruitment, according to Naukri.com. The job portal said that only 11% of the recruiters said that hiring was on hold in their organisation. 35 % said that hiring was happening as usual while 21 % said it will resume in 3 months, 26 % predicted 3-6 months, and 34 % said it would take their company 6 months to 1 year to start hiring like in pre-Covid level. The survey was rolled-out to 1,300 recruiters.
Vistara Chief Information and Innovation Officer Ravinder Pal Singh resigned. His last working day will be on Jan 15, 2021. “ Ravinder has been instrumental in Vistara’s success, having built a modern, world-class, robust tech foundation. I wish him every success in all his future endeavours,” said CEO Leslie Thng. Vistara has 45 aircraft, including 35 Airbus A320, two Airbus A321neo, six Boeing 737-800NG, and two Boeing 787-9 Dreamliner aircraft.
Dropbox announced that its newly joined COO is stepping down and said that it will ask 11% of its global workforce or 315 people to go, as it shifts business resources in the wake of the COVID-19 pandemic. Shares of the file hosting service provider fell nearly 6% to $22.26 after Dropbox said COO Olivia Nottebohm, who joined last year from Google, will step down on Feb. 5. Details of a replacement for the COO was not provided.