Indra Nooyi, PepsiCo Chairman and Chief Executive Officer who has been speculated to be among the possible candidates to succeed Ratan Tata as Chairman of the Tata Group, has ruled herself out of the race by remarking that she likes to stay in her present job.
The Chennai-born chief of the world’s leading company in convenient snacks, foods and beverages was however all praise for the Tata Group.
Earlier this month, the Tata Group had announced that a successor to the charismatic Ratan Tata would be in place by February-March next year. It formed a a five-member search panel that includes Tata Sons Vice-Chairman NA Soonawala, senior group directors R K Krishnakumar and Cyrus Mistry, group adviser and lawyer Shirin Bharucha and influential British businessman Lord Bhattacharya. Set to retire by end-2012, when he turns 75, Tata is responsible for turning the group global after he took over as Chairman of the USD 71 billion conglomerate in 1991 from J R D Tata.
Although the group is more than a century-old — founded by Jamsetji Tata in 1868 when he set up a private trading firm — it was only in 2006 that it earned major global recognition when Ratan Tata spearheaded the buyout of Anglo-Dutch steel maker Corus for about USD 12 billion. Tata followed this up with another big ticket purchase of iconic British luxury car marque Jaguar Land Rover from Ford in 2008 for USD 2.3 billion.
Nooyi told PTI when asked about the speculation that Ratan Tata is an unbelievable person and she loves her job.
More women pay visit to social networking sites when compared to their male counterparts, according to a comScore global online usage survey.
Linda Boland Abraham, comScore chief marketing officer and EVP, global development, said that women worldwide share some similar online usage patterns like engagement with social networking sites.
comScore’s survey shows that women spend 30 per cent more time on social networking sites than men. Although women account for 47.9 per cent of unique visitors to the social networking category, they consume 57 per cent of pages and account for nearly 57 per cent of total minutes spent on these sites.
Women average 5.5 hours per month on social networking sites compared to men’s four hours. Interestingly, according to a ViziSense report on the online behaviour of women in India, women spend the most time on search, e-mail and social networking (in that order).
Online shopping does not even feature among the top seven categories of websites accessed. Social networking is the most accessed by women aged 15-24.
Single women are the largest user group across all access categories, accounting to 62 per cent of page views for social networking sites. While online usage is skewed in the ratio of 61 per cent in favor of south Indian women, when it comes to social networking, their counterparts in north India are far more active.
The survey also found that tough email access was higher in terms of unique women visitors; social networking page views were far higher.
Companies from the US and Europe were able to save a whopping $25-$30 billion during 2009 on account of their outsourcing work to Indian companies. While the US-based companies saved $14-$19 billion, their European counterparts were able to save approximately $9-$12 billion.
The Indian IT segment has been playing an instrumental role in transforming global companies and they have been to live up to all expectations even in context of India’s economic parameters.
The off-shoring model is seen to have helped create over 250,000 direct and indirect jobs across the US during 2004-2007. In 2007, $2.75 billion was contributed by Indian firms to the US economy in the form of taxes and administrative expenses incurred by their onsite offices.
The sector contributed to 10% of the country’s service sector revenues, its unique “service-led” export oriented model contributed 9% of the country’s incremental GDP. The per capita GDP contribution of IT-BPO employees is 80 times that of agriculture. The industry grew twice as fast as the total Indian exports over the past decade and contributed 14% of the country’s total exports.
According to a recently concluded study by industry body Nasscom, in association with research firm Evalueserve, the Indian IT & BPO sector accounts for 6 percent of the country’s GDP, this suggests a quantum jump from 1.2 percent a decade ago.
MS Dhoni recently got a whopping wedding gift worth approximately Rs 200 crore in an endorsement and talent management deal. He went past Sachin Tendulkar in the corporate contract sweepstakes.
The Indian cricket captain has managed to get a three-year deal with sports and talent management firms Rhiti Sports Management and Mindscapes One.
The India cricket captain, also the country’s most expensive sportsman, has snapped up a three-year deal with sports and talent management firms Rhiti Sports Management and Mindscapes One, said two persons familiar with the development.
The companies, through a joint venture, will manage Dhoni’s long list of endorsements and brand associations, corporate profile, patents and digital rights, images, visibility on social networking sites and merchandise, they said.
Tendulkar held the corporate contract crown earlier, thanks to a Rs 180 crore deal with sports management firm Iconix for three years in 2006.
Rhiti Sports is headed by Arun Pandey, a confidant and business associate of Dhoni, while Mindscapes One is owned by Pratik Sen, who has been managing the cricketer’s endorsements for more than a year.
Sangeet Shirodkar, a familiar face in the sports management space, has been appointed as marketing president of the JV, the persons said.
It is worthwhile to note here that Dhoni made $10 million last year to become number on among the world’s highest-grossing cricketers, said a Forbes magazine report.
A new UK survey has disclosed that working under a female boss is a nightmare for many subordinates. In a study involving 3,000 men and women, three-quarters of men agreed that they prefer a male boss than a female one. A quarter of women made accusations of female bosses of bringing their personal lives into the office and backstabbing.
A third of those polled remarked that women with power are ‘loose cannons’ who are often threatened by colleagues.
“No one is suggesting that women aren’t intelligent enough to be in senior positions, far from it, but perhaps-some need to be more approachable and less competitive.
“People want to go to work knowing they will be given a fair chance and are supported 100 per cent by those they work with and for,” Brown added.
Fifteen per cent of the workers questioned said female bosses were too ’sharp tongued’ and a third said it was obvious when it was their ‘time of the month’ because of mood swings.
Other negative assessments included them being ‘too cliquey’, too competitive and spending too long worrying about their appearance.
Forty per cent said men were more able to distance themselves from politics and bitching and 14 per cent said they found them more reasonable than women.
The Daily Mail quoted David Brown, of online recruitment firm www.UKJobs.net, which commissioned the research, as saying that incredibly both men and women are in total agreement that men make better bosses.
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Yahoo Inc. has decided to split the duties for its North American sales operations among four internal executives and will not be making a replacement for the sales boss who left the company nearly five months ago.
Hilary Schneider, the head of Americas business, said that Yahoo is improving the sales organization within the company structure, essentially.
The new structure, which comes as Yahoo works to revive stalled revenue growth, will help the company better serve its various advertising customers and bring the sales team closer to Yahoo’s senior management, said Hilary Schneider, the head of Americas business in an interview with Reuters on Monday.
In March, Yahoo’s head of North American revenue and market development, Joanne Bradford, left to join privately held Demand Media.
Schneider said the new structure was not a result of challenges finding a replacement for Bradford, noting that the company had a lot of interest from very qualified people but found its internal candidates best-suited for the job.
Schneider said the four executives at Yahoo would report directly to her, thus eliminating a layer of management and bringing the sales operations closer to her and Chief Executive Carol Bartz.
It is worth noting here that growth of Yahoo in terms of users and revenue has experienced a low in the recent past with stiff competition from social networking sites such as Facebook and search engine giant Google Inc.
US President Barack Obama has communicated that the new economic plan formulated by his government will be emphasizing upon the middle class in the United States more secure and the country will be more competitive than ever.
It was also remarked by Obama that jobs and industries of the future will not be outsourced to destinations like India and China.
Obama raised the pitch of outsourcing of jobs to India and China and gave it a political colour at a fund party raiser in Atlanta in the run up to the crucial-mid term election a few months away in which his Democratic party is anticipated to loose majority in the House of Representatives. “18 months ago, I took office after nearly a decade of economic policies that gave us sluggish growth, falling incomes, a record deficit and policies that culminated in the worst financial crisis that we have seen since the Great Depression,” he said.
A total of 8 million jobs were lost due to great depression, of which 3 million were lost in last six months of 2008, in January 2009, the month I was sworn 750,000 Americans lost their jobs; 600,000 were lost a month later, he added. Obama said that instead of spending money on tax breaks, his government was making smart investments in innovation, clean energy and education that were going to benefit the people and the US economy over the long run.
“Instead of giving special interests free reign to do whatever they want, we are demanding new accountability from Wall Street to Washington – so that big corporations have to play by the same rules that small businesses and entrepreneurs do,” he said. The US President assured the gathering that it would take some time to dig themselves out from the “such a deep hole” that was created due to the policies of the last decade.
Obama said that the US economy is expanding instead of contracting ever since he took up the Presidential job in January 2009.
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Indra Nooyi, PepsiCo Chairman and Chief Executive Officer who has been speculated to be among the possible candidates to succeed Ratan Tata as Chairman of the Tata Group, has ruled herself out of the race by remarking that she likes to stay in her present job.
