by admin | May 25, 2021 | Corporate Jobs, Employment, Markets, Social Media, Technology
London : Facebook has opened a new office in London and has announced that it would hire 800 people which will take the total strength of its employees in Britain to 2,300 workers by the end of 2018, the media reported on Monday.
The new seven-storey office building in central London will make the British capital Facebook’s largest computer engineering base outside of the US, The Telegraph reported.
“Today’s announcements show that Facebook is more committed than ever to the UK and in supporting the growth of the country’s innovative start-ups,” said Nicola Mendelsohn, Facebook’s Vice President for Europe, the Middle East and Africa.
Facebook opened its first office in London 10 years ago. The new building will house developers and sales staff.
Google, Apple and Snap, the parent company of Snapchat, have expanded their operations in London since the Brexit vote last year, the report added.
“It’s a sign of confidence in our country that innovative companies like Facebook invest here, and it’s terrific news that they will be hiring 800 more highly skilled workers next year,” Chancellor Philip Hammond said.
—IANS
by admin | May 25, 2021 | Corporate Jobs, Employment, Government Jobs, News, Politics, Private Jobs
Rahul Gandhi
New Delhi : Congress Vice President Rahul Gandhi on Monday accused Prime Minister Narendra Modi for keeping the youth of Gujarat unemployed and not implementing the 7th Pay Commission leading to the plight of contract and fixed salary workers in the state.
Keeping up at his 22 questions in the countdown to the Gujarat Assembly polls, as promised, Gandhi said: “22 salon ka hisaab, Gujarat mange jawaab. Gujarat ke haalat par Pradhanmantri se chatha sawal (as he directed his sixth query at Modi on Gujarat’s condition).
“The double whammy of BJP government — on one side the youths of the state are unemployed, while on other hand lakhs of contract and fixed salary workers condition is miserable.
“Despite Rs 18,000 salary per month as per the 7th Pay Commission, why only Rs 5,500 and Rs 10,000 is being paid to the fix and contract workers?” he asked.
Gandhi’s question comes in the wake of the party’s strategy to pose one question to Modi every day till the polling day on December 9.
Gandhi on Sunday raised concerns over safety, health, education and crimes against women in the state.
On Saturday, he questioned Modi on “extraction” of high fees from students by government educational institutes in Gujarat.
Polling for the 182-member Gujarat assembly will be held in two phases on December 9 and 14. The counting of votes will take place on December 18.
—IANS
by admin | May 25, 2021 | Employment, Overseas
New Delhi : Saudi Arabia continues to be among the most preferred destinations for Indians seeking jobs abroad, resulting in the Gulf kingdom becoming among the highest sources of remittances to India, according to official data.
According to figures provided by the Embassy of India in Riyadh, the number of expatriate Indians in Saudi Arabia shot up from 3,039,193 in March this year to 3,253,901 in October, a rise of over 200,000 within seven months.
They not only comprise blue-collar workers but a growing number of doctors, engineers, oil technologists, IT experts and other technocrats who are increasingly seeking opportunities in the Kingdom’s reforming economy and growing liberal atmosphere for expatriates.
According to Pew Research Center data, India continues to be the top recipient of migrant remittances, with nearly $69 billion coming in in 2015 alone.
Of the nearly $69 billion that came into India, Saudi Arabia accounted for over $10.5 billion alone – about a sixth of the total remittances.
However, in 2016, remittances to India went down by over $6 billion compared to 2015, brought about by falling oil prices and slow economic growth in the Gulf.
But after falling to a low of $25 a barrel last year, oil prices have now gone over $60 a barrel, indicating that the Gulf will remain a primary source of remittances for India with oil-rich Saudi Arabia among the leaders.
The dramatic rise in the number of expatriate Indians in Saudi Arabia vindicated the World Bank’s predictions that remittances among countries will rise in 2018 to touch $615 billion. Of this, $460 billion will be received by developing countries, a rise of over $30 billion compared to 2016.
According to World Bank estimates, $575 billion in remittances were sent globally in 2016. Of this, $429 billion was received by developing countries such as India.
—IANS
by admin | May 25, 2021 | Corporate Jobs, Employment, Private Jobs
Bengaluru : Advocating public-private partnerships to improve India’s employment ratio, academic and industry experts on Friday stressed on skilling engineering graduates in analytics for better job prospects.
“With the advent of new technologies like analytics, students need to be trained with right skill sets. A partnership of the government, institutions and the IT sector is crucial to spur the growth in data analytics,” said IIIT-Bangalore Director S. Sadagopan at a day-long Digital Innovation Conclave here.
According to a industry study, analytics market is estimated to be $1.64 billion (Rs 10,600 crore) currently and growing at 29 per cent compound annual growth rate.
Though a part of the Knowledge Processing Industry (KPO), analytics is considered a separate industry.
In view of its importance in the career prospects of students and techies, IT industry apex body Nasscom, the Institute of Finance and International Management (IFIM) and the International Institute of Information Technology-Bangalore (IIIIT-B) had developed three courses in analytics to train about 10,000 post-graduate students across Karnataka by first training their faculty.
“As the country has a bright future in analytics, it is imperative to focus on data for businesses to grow. Hence, its curriculum should be designed to nurture the right talent for hiring,” said Sadagopan.
Though the $155-billion Indian IT sector employs 39 lakh people, global financial advisory firm McKinsey estimated that the skill-sets of half of the workforce will be irrelevant, as they are not skilled to be in tune with the changing market needs.
“There is a need to re-skill the workforce in analytics and Artificial Intelligence as the technology is being adopted across industries. As data becomes the new fuel in running industries, the need for a professional knowledge of analytics and utilising it in artificial intelligence gains importance,” said IIFM’s Centre for Developmental Education Secretary Sanjay Padode at the conclave.
The conclave culminated with the formation of a think tank in digital business, chaired by professor Chandrasekhar, Chairman of Centre of Excellence for Business Analytics, IFIM Business School.
Sameer Dhanrajani, the Chief Strategy Officer of Fractal Analytics, Nitin Sareen, head of analytics Walmart Labs, Pankaj Rai, Senior Vice President- Strategy Wells Fargo are among its members.
—IANS
by admin | May 25, 2021 | Corporate Jobs, Employment, Government Jobs, News, Politics, Private Jobs
R.V. Deshpande
Bengaluru : Karnataka has created about 13.91 lakh jobs in the last four years and is close to achieving the state government’s target of generating 15 lakh jobs by 2019, state Large and Medium Industries Minister R.V. Deshpande said on Thursday.
“In the past four years, Karnataka has generated about 12.03 lakh jobs in the micro, small and medium enterprises sector and about 1.88 lakh jobs in the large industries sector. Another 5.79 lakh jobs are in the pipeline,” he said at the Vendor Development and Investors Summit 2017 being held here.
The state aims to create more jobs in “every possible” way, he added.
Terming Karnataka as one of the “fastest growing” states in India, Deshpande said: “People- centric transparent policies and hassle-free investment procedures are making the state as a global investment and manufacturing hub.”
The state is also working to become home to the world’s largest solar park, currently being constructed in Pavagada in Tumkur district. The 13,000-acres Pavagada Solar Park is expected to generate about 2,700 MW electricity by 2018.
“Karnataka has been the leader in providing conducive policy environment for the industries and in investing in technology and centres of excellence. We are the only state in the country to have a sector specific aerospace policy,” Deshpande, who also holds the Infrastructure Development portfolio, told investors and vendors at the summit’s inaugural event.
The entrepreneurs of Karnataka have an opportunity to create many jobs, said Biocon Ltd Chairman and Managing Director Kiran Mazumdar-Shaw.
“In times of jobless growth, the entrepreneurs of Karnataka have the opportunity to create a large number of jobs. We are the start-up capital of the country. We have been successful in creating new age jobs,” she said.
Leading Swedish home furnishings retailer IKEA, which is planning to set up its third store in the country in Bengaluru, after Hyderabad and Mumbai, is working to employ more workers and suppliers from the state, said IKEA India CEO Peter Betzel.
“The Bengaluru store will directly employ 800 people out of which 50 per cent will be women. We are keen to open three stores in the city in the near future.
“We have had close to 50 suppliers for over 40 years in Karnataka, with 45,000 people working in the supply chain. We are looking to source more from India, especially Karnataka,” he added.
T. Suvarna Raju, Managing Director of state-owned Hindustan Aeronautics Ltd, said that the city-based aerospace and defence company plans to make 1,000 helicopters in the next decade.
“We have the highest expectation from vendors for the large volumes of aircraft to be produced. In a milestone, a BrahMos supersonic cruise missile was fired successfully (from a fighter aircraft) on Wednesday. Many partners from Bengaluru have made many parts of this 2,500 kg missile,” he said.
The two-day summit which began on Thursday is expected to witness the participation of over 2,000 industry leaders, over 600 MSMEs in sectors such as agriculture and food processing, innovation and manufacturing start-ups, aerospace and defence equipment among others.
The event will also host seminars on growth opportunities and trends in the industry sectors.
—IANS
