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Kolkata IT expert Bikram Dasgupta appointed World Bank advisor to Bangladesh

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To develop the IT industry of Bangladesh, World Bank has appointed Kolkata-based GlobsynGroup's founder Bikram Dasgupta as its international expert advisor.

Dasgupta said the World Bank funded $70 million project has been initiated to help Bangladesh address the international market for IT and ITeS services by training 34,000 people and get investors in the next three years.

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ACC Limited appoints Harish Badami as new CEO & Managing Director

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The Board of Directors of ACC Limited today appointed Harish Badami as CEO & Managing Director designate with effect from August 1.

Badami will assume responsibility as CEO & MD of the company for a period of five years. He will succeed Kuldip Kaura, whose term of office as CEO & MD was extended until December 31, 2014, a company statement said.

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Vishal Sikka, ex-SAP executive, appointed as Infosys CEO & MD; Narayana Murthy steps down

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Vishal Sikka, a former SAP AG executive board member was on Thursday appointed as Infosys' Chief Executive Officer and MD. With his appointment, Sikka becomes the first non-founder CEO of Infosys.

The company also announced that Executive Chairman NR Narayana Murthy and Executive Vice Chairman S Gopalakrishnan would step down on June 14. Rohan Murty will also leave company on June 14.

Sikka will take over from current Chief Executive SD Shibulal, one of the engineers who founded Infosys, on August 1, the company said in a statement to the stock exchanges.

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Bajaj Finserv sacks some senior officials who were cutting deals to mask loan defaults

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Bajaj FinservBSE -1.78 % — one of India's leading finance companies and the financial services arm of the Bajaj Group — has stumbled upon a fraud where some senior officials of a group company were cutting deals with wealthy customers to hide loan delinquency. Two senior officials of the group company Bajaj Finance LtdBSE 2.70 % (BFL) were sacked and three other employees left the company after the BFL brass was alerted by a whistleblower two weeks ago

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ACC appoints Harish Badami as CEO and MD

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ACC Ltd, India’s second-largest cement maker, said on Wednesday that it had appointed Harish Badami as the chief executive officer (CEO) and managing director (MD) of the company.

In a statement filed to the exchanges, the company said Badami will take over from Kuldip Kaura, the incumbent CEO and MD, on 13 August for a period of five years.

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Robust hiring expected in July-September quarter: Manpower Employment Outlook Survey

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Indian employers are expecting a robust third-quarter hiring pace with payrolls likely to improve sharply compared to last year, the Manpower Employment Outlook Survey released today by ManpowerGroup has revealed.

The survey of 5,389 employers across India has found that once the data is adjusted to allow for seasonal variation, employers report an outlook of +46%.

Hiring outlooks are positive in all sectors and regions, with northern and southern region employers reporting strongest job prospects for the quarter ahead.

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PwC India advisory to double headcount in Kolkata centre

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PwC India's Advisory practice is looking at investing around US $ 2 million in the Kolkata technology hub and doubling the headcount over the next two years.

"After US, India's advisory practice is the largest in terms of staff strength with a pan India headcount of 4,000 and is looking at doubling the headcount in Kolkata over the next two years from the current staff strength of 1,000," PwC India leader-advisory practice, Michael Surface said here today.

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COO Chodron de Courcel to leave BNP Paribas amid US sanctions probe

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Georges Chodron de Courcel, a chief operating officer (COO) of BNP Paribas SA, will step down this month as US authorities prepare to fine the bank for its dealings with sanctioned countries.

Chodron de Courcel, 64, is leaving on 30 June at his own request in order to continue fulfilling director roles at other listed companies, Paris-based BNP said in a statement on its website on Thursday. He will retire at the end of September.

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ICICI bank axes 1,200 of its staffers across board to improve efficiency

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ICICI Bank, the country's largest private sector lender by assets, has let go 1,200 of its staffers, and a few hundred may be on their way out as part of an exercise to cut flab, two people familiar with the development said.

The retrenchment of staff across the board - from general managers to junior officers - is intended to improve efficiency at the bank as it competes with rivals such as HDFC BankBSE 1.04 % that enjoy a premium with investors.

"The redundancies are due to restructuring," said K Ramkumar, executive director and head of human resources at ICICI Bank. "Every organisation should periodically renew itself and let go of people periodically. Otherwise, the organisation will decay."

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Ericsson employs more people in India than any other country

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Ericsson has more employees in India than in any other country, as the telecom equipment maker's headcount in the South Asian nation has surpassed that at its home, Sweden.

Ericsson's nearly 18,000 employees in India comprise engineers and others working in research and development in Gurgaon, Chennai and Bangalore in areas such as revenue management, internet protocol, networking, modems and big data — a term for high-volume, high-velocity data. The company also has a manufacturing centre in Jaipur where it makes microwave products covering GSM, CDMA and third-generation telecom technologies.

manufacturing centre in Jaipur where it makes microwave products covering GSM, CDMA and third-generation telecom technologies.

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Facebook gets its messaging products head from eBay’s PayPal

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David Marcus, who has led eBay Inc.’s fast-growing payments unit PayPal for the past two years, will step down this month to run Facebook Inc.’s messaging products, the companies announced on Monday.

EBay shares fell a little more than 2% in trading after hours. Under Marcus, PayPal has moved more aggressively into the physical world by developing a mobile wallet for consumers as well as point-of-sale systems for retailers.

The move marks Facebook’s latest effort to bolster its private messaging features as it faces competition from a new crop of popular mobile messaging services such as Snapchat and Line. In February, Facebook stunned observers by announcing plans to acquire messaging service WhatsApp for $19 billion.

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India may contribute 25 per cent nanotechnology professionals by 2025: Assocham-TechSci Research

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Nearly one in every four nanotechnology professionals in the world is likely to be an Indian for the decade ending 2025, according to an Assocham-TechSci Research joint study.

From 2015 onwards, global nanotechnology industry would require about twenty lakh professionals and India is expected to contribute about five lakh professionals in the coming years, noted the study.

ndia's contribution in development and application of nanotechnology is expected to increase significantly due to growing investments, strong funding and increasing government initiatives to encourage growth in nanotechnology market, it said.

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