Air India looking to hire CEOs for its subsidiaries
National carrier Air India has sought applications for the post of chief executive officer (CEO) for its subsidiaries Air India Engineering Services Ltd (AIESL), Air India Airport Services Ltd (AIASL) and Alliance Air Aviation Ltd (AAAL). The selected candidates will be hired for a contract period of three years, extendable by two years based on performance.
Flipkart to take over Cleartrip in distress sale
Flipkart will acquire embattled travel and booking platform Cleartrip, one of the oldest Indian players in the segment. This will be the latest addition to the list of acquisitions by the Walmart-owned Indian e-commerce major in various sectors. The deal is likely to be a mix of cash and equity and will see Cleartrip valued at $40 million.
Pandemic no bar, top execs to see 6% pay hike in 2021: Aon
India Inc's top honchos are likely to get a 6 per cent salary hike in 2021, with the pandemic affecting executive salaries less significantly than the global financial crisis of 2008-09, according to a study by global professional services firm Aon. The study further states that the median CEO compensation, excluding long-term incentives (LTI), for owner-promoter CEOs is Rs 15 crore.
COVID-19 vaccination: Kejriwal urges Centre to treat journalists as frontline workers
Delhi Chief Minister Arvind Kejriwal on Wednesday urged the central government to treat journalists as frontline workers and vaccinate them against COVID-19. He said the Delhi government will write to Centre on the issue.
Russia offers free transfer of Covid-19 vaccine tech to India, other manufacturing partners
Russia has announced that the country is already enabling free technology transfer and financial support for capital expenditure to its Covid-19 vaccine manufacturing partners in other countries, including India. Russian Direct Investment Fund (RDIF), the agency that is spearheading Sputnik V vaccine manufacturing and supply partnerships globally, said India has become the 60th country to approve Sputnik V.
9 in 10 firms to hire internally: LinkedIn
As many as 93% companies in India are looking to hire internally for vacancies, according to a study by professional networking and job search firm LinkedIn, with an almost equal number merging roles to reduce talent acquisition costs. The findings come at a time when companies are looking to optimise costs but keep businesses functioning after a year of wreckage across sectors due to the coronavirus pandemic that has left the workforce burned out.
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