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Sunday, July 6, 2025 5:12 AM

Human Resource Community

Mankind Pharma Names Dapinder Singh Narula as GM – Human Resources

Mankind Pharma has appointed Dapinder Singh Narula as its new General Manager – Human Resources, where he will spearhead Talent Management initiatives for the company. He will operate from Delhi and report directly to Prateek Dubey, the Global CHRO of Mankind Pharma. Narula brings with him over 15 years of diverse HR experience. Prior to joining Mankind Pharma, he played a key leadership role at Jubilant FoodWorks, overseeing Talent Management, Performance, Learning & Development, and HR Business Partnering functions. His professional journey also includes stints at leading organizations such as Max Life Insurance, Adani Enterprises, Larsen & Toubro, and Ericsson. Academically, he holds a B.Tech in Electronics and Communication Engineering from NIT Jalandhar, and an MBA in Human Resources from XIM Bhubaneswar. Source: Economic Times

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Vedanta Sets Ambitious Gender Inclusion Goal: Aims for 30% Women Workforce by 2030

In a significant move towards gender parity, Vedanta has unveiled its vision to boost the participation of women in its workforce to 30% by the year 2030. This bold initiative underscores the company’s determination to lead change in India’s male-dominated metals and mining sector. Currently, women make up 21% of Vedanta’s total workforce, with an impressive 28% representation in leadership roles—well above the global average of 8% for leadership in this sector, as cited by the World Bank. Madhu Srivastava, Chief Human Resources Officer at Vedanta, remarked, “The metals and mining industry has historically resisted gender diversity. We are determined to reshape that legacy. Inclusion must be foundational, not an afterthought. Our focus is not only on representation but also on enabling women to be key drivers of change.” Vedanta’s approach to inclusion goes far beyond hiring quotas. The company is actively working to eliminate both societal and organizational barriers that hinder women’s advancement—especially for those balancing careers with family life. Support systems include hybrid working models, flexible scheduling, a 12-month maternity sabbatical, spouse-hiring opportunities, and integrated township facilities such as crèches, schools, hospitals, and recreational zones to support women at all life stages. Real-world examples from Vedanta’s operations showcase the tangible outcomes of this commitment. At its aluminium smelter in Jharsuguda, Odisha—home to the world’s largest aluminium potline—operations are managed entirely by women, reflecting a deliberate strategy to put women at the core of innovation and operational excellence. Dr. Kavita Bhardwaj, Deputy CEO of Hindmetal Exploration, exemplifies this progress. She leads critical mineral exploration in India while successfully balancing her professional and personal roles, attributing her success to Vedanta’s supportive and empowering environment. Further illustrating its inclusive ethos, Vedanta has trained all-women underground mine rescue squads at Rajpura Dariba and Rampura Agucha, equipping them with skills in CPR, fire response, and SCBA operations. Additionally, the company’s all-women security force, Durga Vahini, comprised of recruits from rural Rajasthan, now safeguards 38 oil fields—marking a groundbreaking advancement in both industrial safety and rural women’s empowerment. With this initiative, Vedanta is not only transforming its own culture but also setting a new benchmark for gender diversity in heavy industries across India. Source: Economic Times  

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McDonald’s to Launch Major Summer Hiring Drive with 375,000 New Jobs Across the U.S.

In one of its most ambitious hiring efforts in recent years, McDonald’s announced plans on Monday to recruit up to 375,000 new employees across its U.S. restaurants this summer. The initiative marks the fast-food giant’s largest seasonal workforce expansion since 2020. This massive recruitment push, which will include positions at both company-owned and franchised outlets, comes as McDonald’s gears up for continued U.S. growth. The company currently operates over 13,500 restaurants nationwide and aims to add 900 new locations by 2027. U.S. Labor Secretary Lori Chavez-DeRemer joined McDonald’s U.S. President Joe Erlinger at a restaurant near Columbus, Ohio, to announce the hiring campaign. She praised the move, saying it would “create a ripple effect of prosperity” by supporting workers, energizing communities, and setting a growth benchmark for the industry. Importantly, McDonald’s clarified that the roles being offered are permanent, not just temporary summer jobs. However, due to the naturally high turnover in the fast-food sector, the company doesn’t anticipate a significant net increase in its current U.S. workforce of approximately 1.1 million. The company’s previous major hiring surge came in 2020, when it added 260,000 workers to support the reopening of locations closed during the early stages of the pandemic. This year’s recruitment effort is viewed as a positive sign that restaurant traffic and consumer confidence may be on the rebound. McDonald’s did report a 3.6% drop in U.S. same-store sales during the first quarter of 2025—its sharpest decline since the pandemic began. The downturn was attributed to economic pressures, with lower- and middle-income customers reducing fast food spending amid inflation concerns. Still, the broader food service industry seems equally optimistic. According to the National Restaurant Association, restaurants and bars in the U.S. added over 46,000 jobs in March and April, and Chipotle recently shared plans to bring on 20,000 new team members. The announcement also marked the 10th anniversary of McDonald’s Archways to Opportunity program, which provides tuition assistance, English language training, and career development services. Since its inception, the program has supported over 90,000 employees and contributed $240 million in educational aid. One such beneficiary, Anamaria Monterroso, who has worked at McDonald’s for eight years, credited the program for helping her pursue a degree in human resources at Colorado Technical University. “Working in fast food doesn’t mean giving up on your dreams,” she said. With this robust hiring initiative, McDonald’s is not just expanding its operations—it’s reaffirming its role as a major employer and career enabler in the U.S. economy. Source: AP Image credit: Getty Images    

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IBM Integrates AI to Streamline HR Operations, Replaces 200 Roles

In a significant move toward embracing artificial intelligence (AI), IBM has begun a strategic overhaul of its internal processes, leading to the replacement of around 200 human resources (HR) positions with AI-powered systems. This development reflects a broader industry shift where automation is being leveraged to handle repetitive administrative tasks, freeing up human workers to focus on more strategic and client-centric responsibilities. According to reports from industry insiders, the tech giant has already automated several HR functions such as employee verification and internal job transfers. These changes are part of IBM’s vision to drive operational efficiency while simultaneously upskilling its workforce to thrive in an AI-integrated future. IBM’s CEO, Arvind Krishna, recently confirmed that hundreds of HR roles have been transitioned to AI agents. However, he emphasized that this transformation has not led to a decline in overall employment. On the contrary, the company has expanded its workforce in key areas like programming, marketing, and sales—fields that rely on critical thinking and interpersonal skills, and are thus less susceptible to automation. Strategic Shift Towards AI-Augmented Roles The decision to automate portions of the HR function is rooted in IBM’s broader objective of enabling employees to engage in higher-value work. By offloading routine tasks to AI, the organization aims to allow HR professionals to focus on strategic planning, employee engagement, and other complex functions that require human insight. Nickle LaMoreaux, IBM’s Chief Human Resources Officer, noted that the impact of AI on jobs is more about transformation than elimination. She clarified that while certain tasks will be automated, most roles will evolve rather than disappear—enabling professionals to work alongside AI tools that boost productivity and decision-making. Looking Ahead IBM anticipates that up to 30% of back-office roles, particularly those with minimal customer interaction, could be affected by AI within the next five years. This could influence approximately 7,800 positions globally. Nonetheless, the company remains committed to investing in talent across creative, analytical, and tech-driven domains—areas that continue to demand human ingenuity despite rapid advances in automation.   Source: The New Indian Express Image credit: Shutterstock  

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Biopharma M&A Activity Jumps 101% in Q1 2025, but Uncertainty Around Trump’s Policies Keeps Big Deals in Check

The global biopharmaceutical sector saw a sharp 101% surge in merger and acquisition (M&A) deal value in Q1 2025, reaching $37.7 billion—up from $18.8 billion in Q4 2024—according to GlobalData’s Pharmaceutical Intelligence Center Deals Database. Despite the growth, total deal value remains 32% lower than in Q1 2024, as political and economic uncertainty in the U.S. continues to deter large-scale transactions. The quarter featured four major billion-dollar deals, including Johnson & Johnson’s $14.6 billion acquisition of Intra-Cellular Therapies, Novartis’ $3.1 billion buyout of Anthos Therapeutics, GSK’s $1.15 billion acquisition of IDRx, and AstraZeneca’s $1 billion purchase of EsoBiotec. These deals were largely driven by big pharma players, with a strategic focus on oncology—the leading therapeutic area for M&A activity in the quarter. Yet, industry players are showing restraint. Concerns stem from President Donald Trump’s proposed pharmaceutical tariffs, budget cuts to federal health agencies, and delays in U.S. FDA drug approvals. These factors are making large, high-risk deals less attractive and have prompted a rise in bolt-on acquisitions—smaller, lower-risk transactions that can add value without extensive exposure. The current environment is particularly challenging for smaller biotech firms, many of which face funding difficulties and may turn to M&As as a strategic lifeline. While some companies are adopting a “wait-and-see” approach pending clearer policy direction, others are hopeful that the Trump administration—known for deregulation in its previous term—will eventually loosen regulatory constraints, potentially reinvigorating large-scale deal-making. The outlook for biopharma M&As in 2025 remains mixed: growth is evident, but full momentum may depend on how U.S. policy evolves in the months ahead. For detailed insights, see GlobalData’s Pharma M&A Trends – Q1 2025 report. Source: pharmaceutical-technology.com

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IBM CEO: Replacing HR Staff with AI Enabled Greater Hiring in Strategic Roles

IBM CEO Arvind Krishna has revealed that the company’s move to replace segments of its Human Resources (HR) workforce with artificial intelligence (AI) tools has not resulted in job losses but instead led to expanded hiring in areas like programming, sales, and software engineering. Speaking to The Wall Street Journal, Krishna explained that automating routine HR tasks with AI has allowed IBM to reallocate resources toward growth-oriented, human-centric roles. IBM hasn’t disclosed when the HR restructuring took place, but Krishna emphasized that the company’s overall headcount has increased due to efficiency gains from automation. AI agents now handle tasks like resume screening, workforce data analysis, and standard communications, freeing up funds and capacity for hiring in functions requiring creativity, critical thinking, and human interaction. “Automation gave us the investment room to put into other areas,” Krishna said. “Our total employment has actually gone up.” He noted that while routine process work can be handled by machines, roles involving customer engagement and strategic thinking still require a human touch. This shift reflects a broader trend across industries where HR is evolving from a back-office function to a strategic partner. As companies adopt AI to streamline compliance, payroll, and administrative duties, HR professionals are increasingly being redeployed to focus on employee experience, talent development, and leadership planning. However, Krishna acknowledged potential concerns with such transitions, including ethics, transparency of AI decisions, and the need to reskill HR professionals. Still, IBM’s model positions automation not as a job killer, but as a catalyst for organizational transformation—provided it’s managed thoughtfully. Krishna also addressed external economic pressures, warning that larger impacts from trade tariffs could require more difficult decisions. Nonetheless, IBM’s AI-led HR overhaul may serve as a blueprint for companies balancing cost-cutting with future-ready workforce strategies. Source: peoplematters

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Weil Advises Sunoco on $9.1B Acquisition of Parkland Corporation

In a major cross-border transaction, Weil, Gotshal & Manges LLP is advising Sunoco LP in its $9.1 billion acquisition of Parkland Corporation. The deal, structured as a cash and equity transaction, includes the assumption of Parkland’s existing debt and marks a significant expansion for Sunoco in the North American energy distribution sector. As part of the acquisition, Sunoco plans to form a new publicly traded Delaware limited liability company, SUNCorp, LLC, consolidating its expanded operations. The transaction is expected to close in the second half of 2025, subject to customary closing conditions, including regulatory approvals. The Weil team advising Sunoco is spearheaded by prominent M&A partners Michael J. Aiello, Sachin Kohli, and Michelle Sargent. The transaction team also includes M&A counsel Robert Sevalrud and associates Joe Diaz, Leah Soloff, and Katie Retzbach. Tax structuring is being led by Tax Department Chair Joseph Pari and International Tax Head Devon Bodoh, supported by associates Madeline Joerg and Grant Solomon. Executive Compensation & Benefits matters are being handled by Paul Wessel and associate Amanda Nowak. Antitrust aspects are overseen by partner Megan Granger and counsel Carla Hine and Marie-Marie de Fays. Advising on public company matters is partner Adé Heyliger, while Private Funds Regulatory partner David Wohl contributes on fund compliance and structure. This acquisition underscores a growing trend of consolidation in the energy and fuel distribution industry, as companies seek to optimize operations, scale their reach, and streamline supply chains. For Sunoco, acquiring Parkland’s broad retail and wholesale footprint across North America is expected to bolster long-term growth and market penetration. Weil’s role in the transaction highlights the firm’s continued leadership in high-value, complex M&A transactions across energy and infrastructure sectors.

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Toyota Tsusho Acquires Radius Recycling for $1.34 Billion with White & Case LLP as Legal Advisor

Global law firm White & Case LLP has successfully advised Toyota Tsusho Corporation, a prominent Japanese trading firm, on its acquisition of North America-based Radius Recycling, Inc. The deal, valued at US$1.34 billion, marks a significant move toward enhancing circular economy practices and accelerating global decarbonization efforts. The acquisition strengthens Toyota Tsusho’s focus on sustainable business strategies by leveraging Radius Recycling’s operational strengths and infrastructure. The integration is aimed at establishing a closed-loop supply chain centered around recycled materials, which is expected to bolster the supply of high-quality recycling resources in North America. This strategic alignment supports Toyota Tsusho’s broader mission of promoting carbon neutrality in manufacturing processes worldwide. White & Case partner Nels Hansen, who co-led the cross-border legal team, emphasized the importance of the transaction. “White & Case advised on a transaction which demonstrates Toyota Tsusho’s commitment to expanding circular economy initiatives and supporting the accelerated global efforts toward achieving carbon neutrality,” Hansen noted. The legal team for this complex transaction was led by Hansen along with Jun Usami and Shino Asayama from the Tokyo office. The international team included experts across key global offices, including New York, Chicago, Washington, DC, Los Angeles, Silicon Valley, and Düsseldorf—demonstrating White & Case’s strength in handling intricate multinational deals. This acquisition further underlines Toyota Tsusho’s global sustainability goals and solidifies White & Case’s reputation as a leading law firm for outbound Japanese M&A transactions. Source: White case

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Indian Law Firms Begin Strategic Consolidation Amid Global Legal Merger Wave

India’s legal landscape is witnessing the early stages of a consolidation wave, inspired in part by a historic merger between international giants Herbert Smith Freehills and Kramer Nevin Naftalis & Franklin. Their union, creating a $2 billion, 2,700-lawyer firm with 26 global offices, has set a precedent in the legal world. While its direct impact on India may be limited in the short term, top-tier Indian law firms are quietly entering their own era of transformation. Indian firms such as JSA, Khaitan & Co (KCo), Cyril Amarchand Mangaldas (CAM), and DSK Legal have begun actively hiring high-profile legal talent along with their teams. The approach is clear: build scale, enter new verticals rapidly, and strengthen specialised capabilities. Neha Sharma of legal consultancy Avimukta notes, “This isn’t just headcount growth — it’s strategic capability building.” Firms are acquiring rainmakers to instantly expand or reinforce niche sectors. JSA, for example, recently brought on equity partners from firms like Shardul Amarchand Mangaldas, Trilegal, Indus Law, and S&R Partners — with entire teams and client books. Similarly, CAM has rapidly expanded its capital markets, M&A, and TMT practices with key hires from Indus, Luthra & Luthra, and Trilegal. Khaitan & Co has also bolstered its employment law vertical with strategic lateral hires, underscoring its opportunistic approach to top-tier talent. According to Amar Sinhji, the firm is betting on scale, depth, and culture as critical levers in a globally competitive environment. Legal experts agree: consolidation is no longer a luxury but a necessity. As India’s economy grows and deals become more complex, law firms are preparing to offer full-spectrum services across sectors, backed by the best minds in the business. Source: financialexpress

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India’s M&A Deal Activity Hits 3-Year High at $27.5 Billion in Q1 2025

Domestic transactions and private equity drive surge despite IPO slowdown India’s mergers and acquisitions (M&A) landscape saw a robust revival in Q1 2025, with deal activity soaring to a three-year high of $27.5 billion, a 29.6% year-over-year jump, according to LSEG Deals Intelligence. This marks the most active quarter since Q1 2023 in both deal value and volume, which rose by 13.6%. The spike was largely driven by domestic M&A, which saw a massive 145.4% increase, totaling $21.6 billion—the highest first-quarter total since 2018. Meanwhile, private equity-backed acquisitions surged by 227.6% to reach $5.3 billion, highlighting the growing confidence in India’s private sector. However, the positive momentum in M&A contrasts sharply with India’s equity capital markets (ECM), which stumbled after a record-setting 2024. Equity proceeds fell 59% year-over-year to $6.5 billion. IPOs contributed $2.3 billion—a 7% dip—while follow-on offerings slumped by 69%, raising just $4.2 billion. Block trades saw the sharpest fall, down 85%, amid increased market volatility and geopolitical uncertainty. Despite the slowdown, India maintained its presence on the global IPO stage, contributing 8.8% of total global IPO proceeds, behind only the U.S. (33.5%) and Japan (12.4%). Inbound M&A faced a downturn, dropping 67.8% to $3.7 billion—a nine-year low—while outbound M&A more than tripled to $2.1 billion, showcasing India’s growing appetite for international expansion. Top sectors for M&A included: Energy & Power: $7.3 billion, a 15-fold increase (26.7% market share) Financials: $5.2 billion, up 36% (18.8% market share) Media & Entertainment: $4.5 billion, up 15.5% (16.4% market share) In investment banking, total fees slipped 8% to $253.3 million. However, M&A advisory fees bucked the trend, soaring 142% to $101.5 million, with Jefferies leading the charge, earning $48.9 million (19.3% share). Bond market activity also saw an uptick, with offerings totaling $28.8 billion, up 13.8%, the strongest first quarter since 2019. HDFC Bank topped the bond underwriter list with $3.4 billion in proceeds. India’s Q1 2025 deal landscape reflects a dynamic shift—M&A and bond markets are heating up, while equity markets face temporary headwinds. With domestic confidence surging and private equity interest at record highs, India’s financial engines are gearing for a new cycle of growth and consolidation. Source: Hindustan

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