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Human Resource Community

Byju’s-Aakash Merger Application Withdrawn Amid Governance Dispute

The proposed merger between Byju’s and Aakash Educational Services Ltd (AESL) has hit a stumbling block as both companies withdrew their merger petition during a hearing at the National Company Law Tribunal (NCLT) on Tuesday. This move follows a series of governance disputes and challenges encountered since the acquisition. Initially structured as a cash-and-stock deal, …

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Centre Raises Threshold for Merger and Acquisition Vetting by Competition Commission of India

The Corporate Affairs Ministry has announced revisions to the thresholds for mergers and acquisitions (M&As), altering the criteria for exemption from Competition Commission of India (CCI) approval. Under the new regulations, companies are not obligated to notify the CCI if the target entity’s assets, including subsidiaries, amount to less than Rs 450 crore, with a …

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Nothing Appoints Yudhisthir Singh as Head of HR for India Operations

Nothing, a global consumer tech company, has appointed Yudhisthir Singh as the Head of Human Resources for its India operations, effective March 7, 2024. With over 18 years of HR leadership experience spanning various sectors including fintech, FMCG, retail, manufacturing, and banking, Yudhisthir brings a wealth of expertise to his new role. He will be …

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RBI Approves Merger of Fincare Small Finance Bank with AU Small Finance Bank

The Reserve Bank of India (RBI) has given its approval for the merger of Fincare Small Finance Bank Ltd with AU Small Finance Bank Ltd, effective from April 1, 2024. Following the merger, all branches of Fincare Small Finance Bank Ltd will operate as branches of AU Small Finance Bank Ltd. This decision from the …

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Indian Army’s HR Policy Shifts Focus to Specialisation, Colonel Prasad Bansod Leads the Way

The Indian Army has ushered in a new era of specialisation with its revamped Human Resource (HR) policy, effective from January 1, 2024, aiming to retain expertise in critical fields. Under this policy, officers above the rank of Lieutenant Colonel are now permitted to continue working in specialized domains rather than transitioning to command positions, …

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Uttarakhand High Court Upholds Rights of Pregnant Women in Government Employment

The Uttarakhand High Court has delivered a groundbreaking ruling affirming that women cannot be denied employment due to pregnancy. This landmark decision, inspired by the case of Misha Upadhyay, who faced discrimination in a nursing officer position due to her pregnancy, represents a pivotal advancement in safeguarding fundamental rights and promoting gender parity within India’s …

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Godrej Capital Appoints Bhavya Misra as Chief Human Resources Officer

Godrej Capital, a leading financial services company, has named Bhavya Misra as its new Chief Human Resources Officer (CHRO), effective immediately. With over 15 years of extensive experience across various sectors including finance, commercial, IT, electronics, and telecommunications, Bhavya brings a wealth of HR leadership expertise to her new role. Before joining Godrej Capital, Bhavya …

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Senior VP of HR at Reliance Jio Launches Comprehensive Guide “HR Mastermind”

Harjeet Khanduja, Senior Vice President of HR at Reliance Jio, has unveiled his latest book titled “HR Mastermind,” aimed at providing invaluable insights to HR professionals and students alike. Collaborating with ZebraLearn, this book sets a new benchmark in HR management literature, offering practical guidance across various aspects of human resource management. Divided into three …

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Reliance Industries and Walt Disney Near Finalization of Mega Merger, Creating India’s Largest Media Entity

Reliance Industries Limited (RIL), led by Mukesh Ambani, and Walt Disney are on the brink of finalizing a significant stock-and-cash merger, aiming to forge India’s largest media and entertainment conglomerate, according to a report by Economic Times (ET). The negotiations, under an exclusivity period, are slated to conclude by February 17. With an anticipated ownership …

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Snap Implements Workforce Reduction, Targeting DE&I and HR Analytics Teams

Snap Inc. has initiated a workforce reduction, impacting approximately 10% of its employees, with a focus on roles related to Diversity, Equity, and Inclusion (DE&I) and HR analytics. This move underscores the company’s broader push towards a Return-to-Office (RTO) model, aiming to foster in-person collaboration and flatten organizational hierarchies. Reports from Business Insider indicate that …

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