How P&G India has created a senior leadership team that is 45% women !

http://economictimes.indiatimes.com/features/corporate-dossier/how-pg-india-has-created-a-senior-leadership-team-that-is-45-women/articleshow/7835445.cms

Please follow the link above to find out more on P&G' s take on Gender Diversity !!

SOURCE: Economic Times

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Industry Updates : ITES/ BFSI Sector

4 Apr 2011: Wipro may be forced to rethink its strategy to score over TCS, Infosys 

With over a dozen small and large acquisitions in the last 10 years, Wipro has pursued inorganic growth more aggressively than its peers.

The past financial performance suggests that Wipro has lagged behind its bigger peers TCS and Infosys, who have largely relied on organic growth. And with Cognizant, a relatively smaller player, closing in fast, Wipro's top brass may be forced to rethink its strategy.

4 Apr 2011: Wipro's media & telecom head Fleming quits 

Mark Fleming, head of Wipro's global media and telecom strategic business unit (SBU), is exiting the company. Ayan Mukerji, a long-time Wipro hand, has been appointed Senior Vice President & Head - Global Media and Telecom in Fleming's place.

Prior to this, Mukerji was heading the product engineering services (PES) service line. Sanjay Gupta, another long timer, will fill in for Mukerji. He has been appointed Senior Vice President & Head of the PES service line. Both Mukerji and Gupta will report to CEO Kurien.

31 Mar 2011: India to leverage IBM's $38 mn investment in APAC data centre 

IBM announced a $ 38 million investment to set up a data centre in Singapore that will provide businesses in India with solutions and services for cloud computing. Scheduled to launch in April, the new Centre will make available IBM's cloud services and technology portfolio.

31 Mar 2011: Cognizant to provide finance and accounting services to Volvo 

Cognizant has been selected to provide finance and accounting services to luxury car maker Volvo Car Corporation. Cognizant would participate in entire value chain of Finance and Accounting services to Volvo Car Corporation in ranging from accounts payables, receivables and fixed assets, to accounting and periodic end closing along with procurement services for production and non-production materials.

29 Mar 2011: Cognizant bags contract from Marks & Spencer

Cognizant said it would offer end-to-end integrated applications and infrastructure management services to United Kingdom based retailer Marks and Spencers.

As part of multi-year managed services contract, Cognizant would provide end-to-end integrated applications and infrastructure management services to Marks and Spencers covering business and functional areas -- procurement, supply chain, forecasting, sales and financial management. 

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Industry Updates : IT Sector

2 Apr 2011: Wipro buys part of SAIC IT business for $150 mn 

Wipro Technologies announced the purchase of a portion of the IT business of Science Applications International Corporation (SAIC) for $150 million. The purchase covers only the IT business of the firm's oil and gas vertical which provides consulting, system integration and outsourcing services to oil majors.

2 Apr 2011: MindTree to restructure business, target $1 bn topline 

With a new chairman on board, MindTree said it will restructure business for a clearer focus that will help the firm achieve a billion-dollar topline in its "second phase" of growth.

As part of the rejig, MindTree will focus on five key verticals including banking and financial services, manufacturing, media, retail and travel and will reduce exposure to other sectors over time, which, in effect, implies that the company will be dropping a few businesses. Within its IT services business, it will stop focusing on energy and utilities and in its product engineering services (PES) portfolio, the company will not focus on medical electronics anymore.

1 Apr 2011: TCS bags multi-million dollar contract from Air Liquide 

Tata Consultancy Services (TCS) said it has received a multi-year, multi-million dollar contract to provide application support, maintenance and development services to US-based Air Liquide. Air Liquide, an international producer and distributor of cryogenic liquids and gases, is present in 80 countries with 42,300 employees.

1 Apr 2011: HCL Infosystems implements IT infrastructure project for ONGC

HCL Infosystems   announced the completion of a project awarded by ONGC for deployment of an IT infrastructure management solution at its network and security operations centre.

The project is aimed at providing a complete IT infrastructure management solution for various business applications and services of ONGC and to strengthen the security management in today's times of increasing security risk.

1 Apr 2011: Soota sticks to personal reasons in adieu note at MindTree 

IT veteran Ashok Soota bid adieu to MindTree, the company he co-founded over a decade ago. He once again sought to clarify that his departure was due to personal reasons, while maintaining that the company leadership has had healthy debates in the past. He said he would start a non-profit organisation and a new business venture.

30 Mar 2011: Microsoft to help IT startups in India 

Microsoft Corporation has decided to roll out an overall grant of $100,000 for IT startups in India, which are in the product space and specialize in IP creation. The initiative will be launched in mid-April and is aimed at strengthening the entrepreneurial ecosystem in the country.

30 Mar 2011: Indian IT major TCS to concentrate more on European market 

Tata Consultancy Services (TCS) said it will expand operations in Europe in sectors like healthcare. The Mumbai-headquartered IT giant derives about 27 per cent of its revenues from Europe.

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