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HAL inducts over 400 officers

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Indian aerospace major HAL today said the company has strengthened its human resource by inducting over 400 young officers.

Over 400 management and design trainees - selected through stringent procedures amid lakhs of applicants - have formally been inducted into HAL as officers at a convocation programme held on June 21, HAL said in a release.

Some of them have graduated from NITs, IITs and other premier engineering and management institutes, it added.

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“I’ve never seen it this bad”: coal job losses hurt Hunter Valley businesses

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Australia: The Singleton Chamber of Commerce said mass layoffs in Hunter Valley’s mining sector have left the region reeling, with business conditions at an all-time low.

Figures for May show unemployment in the Hunter has jumped 9.2 per cent, a rise of more than 3 per cent from the same corresponding period last year.

The Australian Bureau of Statistics data shows more than 4000 jobs have been lost in the region.

Mining jobs have been the hardest hit as thousands of coal workers faced the sack over the last six months.

More than 500 jobs were slashed from the Integra coal complex, which includes the Camberwell open-cut and Glennies Creek underground mines.

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ITeS to see highest attrition at 21%; exits at junior level

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With relatively easy recruitment norms, the country's ITeS industry is expected to see high double-digit attrition rates with most exits likely at the junior levels, says a report.

Going by findings of executive search firm MANCER Consulting, ITeS (Information Technology Enabled Services) will face an overall attrition of 21 per cent - the highest across all industries - this year.

"This sector (ITeS) faces the highest overall attrition rates (21 per cent), closely followed by Media, IT and Pharma sectors," MANCER Consulting CEO Satya D Sinha said.

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Mining industry suffers job losses, but SA and NT forging the way forward

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Employment figures from the Australian Bureau of Statistics have revealed the mining industry has lost 6600 employees nationwide in the quarter to May 2014.

NSW and Victoria, however, have managed to grow their number full-time mining positions.

With approximately 264,600 people currently working in the industry, the results are not all doom and gloom, with employment figures still higher than in May last year when employees dropped by 6600, only to recover the same number by August.

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Australia’s mining jobs running dry as sector growth slow

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Australia's mining industry, once the country’s second-largest jobs generator, has become just one of many employers in the nation, data released Thursday shows.

According to the Bureau of Statistics, the sector added 4,200 jobs in the year to May, dramatically less than the 61,000 workers it hired in the same period ending in May 2012.

Having done their best to ride out a two-year slump in global coal prices, Aussies are shedding thousands of jobs as they shelve high-cost mines, sell non-core assets and drive efficiencies across their operations.

Only last week BHP Billiton (ASX:BHP) terminated a $338 million (A$360m) contract with contractor Downer EDI at its Goonyella Riverside mine one of Australia’s biggest coal mines. The decision will leave 427 workers out of jobs.

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State Bank of India to recruit 7,200 as 8,100 staff set to retire in FY15

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State Bank of India, the country's largest lender, plans to recruit about 7,200 people even as nearly 8,100 members of its staff are due to retire during the current fiscal, as it seeks to increase its dependence on technology for a number of routine tasks.

"I am trying to get a lot of technology to help my people so that they spend less of their time on activities that don't really need a lot of thinking and knowledge. For routine stuff such as cash counting we are bringing more and more machines," said SBI chairman Arundhati Bhattacharya, adding the bank should be able to manage with the number of people it planned to hire during 2014-15.

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Tata Asset Management names Farokh Subedar as chairman

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Tata Asset Management Ltd (TAM) on Friday said it has appointed Farokh Subedar, who is on the boards of several Tata Group firms, as new its chairman. Subedar succeeds Farrokh Kavarana, who has retired. Kavarana served as chairman of TAM for over 12 years before retiring at the age of 70, a company release said.

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On expansion mode, Flipkart to hire 12,000 people this year

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Flipkart will hire 12,000 people this year to beef up its support and technology operations as the homegrown firm witnesses strong surge in online shopping in the country.

The online marketplace giant has already chalked out an ambitious plan to expand its reach across India, the world's third largest country in terms of Internet users.

"As business scales up, our focus on hiring is going to be pretty aggressive. We are looking to increase our current team strength from 13,000 to 25,000," Flipkart Chief People Officer ( CPO) Mekin Maheshwari told PTI.

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Law firms to step up hiring as capital market business looks up

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Indian law firms are poised to recruit more advocates to handle mergers and acquisitions and capital markets as they see activity in these areas resuming with the advent of the Narendra Modi-led government and an improvement in the sentiment.

"In Delhi and Mumbai, the number of recruitment mandates have shown more than a 40 per cent increase from last year," said Rishabh Chopra, senior consultant at consulting firm Vahura. "Though firms are looking at retaining lawyers for the capital market and corporate finance teams, these numbers are still on the conservative side in comparison to other practice areas."

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With talent at a premium, companies roll out counteroffers

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Employees are once again being serenaded by their organizations with sentiments improving in the job market. And now counteroffers, a popular mechanism through which an employee leaving one organization for another is retained, are now back.

he scales are therefore tilting in favour of employees and companies are resorting to counteroffers as a retention tool. Hiring agencies said the change in sentiment is prompting companies to plan expansions, triggering a demand for talent across sectors such as infrastructure, consumer durables, FMCG, pharma and e-commerce

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Massive hiring: E-tailers like Flipkart, Snapdeal, Jabong and others to hire 60,000 this year

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India's e-commerce companies such as Flipkart may be at odds with foreign rivals such as Amazon on whether or not to allow foreign direct investment, but they seem to be on the same page in anticipating an inflection point for the sector. Between them, the 10 top e-commerce firms plan to hire 60,000 people for the year ending March 31, 2015, the highest in a year for the fledgling industry. The job creation data is for the entire ecosystem: ancillary units, supply chain and logistics and temporary employees.

"The hiring may touch 1 lakh overall, but 60,000 is a safe bet. FY15 will be the inflection point for the e-commerce sector," said Ashish Jhalani, founder of eTailingindia, a research firm that tracks the e-commerce industry.

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Technopark to add 45,000 new jobs by 2016

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Moving in a growth trajectory, Technopark here has charted out an ambitious target of creating 45,000 new jobs during 2014-16 as part of its efforts to emerge as India's IT powerhouse.

Technopark, poised to celebrate silver jubilee next year, now provides 45,000 direct employment for IT/ITeS professionals through its 330 companies on its campus.

With the completion of current construction activities this year of TCS, Infosys, UST Global, Tata Elxsi, IBS and Technopark's Phase III building, around 45,000 additional direct jobs will be created,leading to a total of 90,000 direct jobs and 3,50,000 indirect jobs, a Techopark release said today.

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