- 1. MET ASCENT12 Pages30th July, 2011 15th August, 2011What to
watch out for .EXCHANGE TODAY Business News Sensex 17162.78 Nifty
5169.70 Rs/$44.57 Rs/Euro 64.50 Page 210 gm gold Rs261551 Kg silver
Rs67615(as on 10th August, 2011) HR NewsJob Market Page 4 Page
8Book Review MET TIMES Page 9 Page 10 .An initiative of HR INSIGHT
GroupHuman Mind is our only fundamental resource 1
2. MET ASCENTBusiness NewsWhich way is the global economy
headed?Indian Market Is Feeling The Heat Of US & Eurozone
CrisisSebi Says Theres Nothing To Worry06th Aug 2011, Times of
IndiaThere is a growing consensus that the chances of a recession
haveincreased in recent months. The main reason for this
pessimistic outlookis the state of the US economy and the debt
crisis in Europe, which isnot just continuing but threatening to
engulf countries that have escapedit so far like Italy and Spain.
The term recession it is understood as asituation in which there
are two successive quarters of decline in economic activity.
Somerecessions would be characterized by such a decline followed by
a sustained period ofrecovery. However, sometimes, there can be a
brief phase of growth followed by anotherrecession. This situation
is what is described by the term double-dip recession. The impact
of this on the Indian economy is on the negative side, if
consumption indeveloped countries declines, Indias exports could be
hit. Off-shoring jobs may be affected,though outsourcing could
increase as Western firms try to save costs. On the positive side,
aglobal recession would typically mean a decline in commodity
prices and hence an easing ofinflationary pressures. This would be
particularly true of crude oil prices.Indian economy strong enough
to withstand crisis: Pranab Mukherjee9th Aug 2011, Economic
TimesWith all eyes on the global situation, Finance Minister Pranab
Mukherjee onTuesday said Indias macro-economy was moving in a
positive direction andhoped international commodity prices would
decline, helping the governmenttame inflation and cut subsidies.
Mukherjee maintained that Indias economicfundamentals were strong
and capable of meeting any challenge posed by thedowngrade of the
US economy and the crisis in some Euro zone nations. The minister
said the US downgrade has created some problems for India,
"Thechallenge is there, but we have the capabilities of facing
these challenges. Collectively, withHuman Mind is our only
fundamental resource 2 3. MET ASCENTthe efforts of all concerned,
particularly with the cooperation of the RBI, we will be able
toface the challenges," he added. The downgrade of the US economy
by Standard and Poorslast week has created havoc in stock markets
worldwide, but led to a decline in commodityprices, including crude
oil. Mukherjee hoped that prices of oil and other commodities
willcome down further, "which will help us to manage inflation and
also help in reducingsubsidy on oil".Everything is right &
perfect6th Aug, 2011, Times of IndiaHyderabad: Everything is
perfect and right with the Indian stock markets, says Securitiesand
Exchange Board of India (Sebi) chairman U K Sinha, allaying fears
of any crisis. Thereis nothing for people to worry about.
Attributing the over 600 points intra-day fall in sensexon Friday
to below 17,000 level to global cues, Sinha said: We are watching
the situationclosely. Our analysis at this stage is that the global
markets have gotaffected and India as part of the globalised
economy has also gotaffected. Reiterating that the market
infrastructure in India was intact,Sinha said: Our market and
regulatory system is perfectly in place. Ourrisk management system
is working perfectly. All the settlements aretaking place. There is
nothing for anybody to worry on that account. Buying and selling is
anormalactivity.On Saturdays meeting with Sebi and the stock
exchanges called by the financeministry, Sinha said it was part of
the normal consultation process that the finance ministryand all
intermediaries have over a regular period of time to understand the
latestdevelopments in the market and draw a long-term
plan.Cognizant replaces Wipro as No. 3 IT coCloses In On Infy As
Revenue Rises 34% In June Quarter03rd Aug 2011, Times of
IndiaCognizant said on Tuesday that its revenue rose 34.4% to $1.49
billion in the quarterended June, and in the process displaced
Wipro Technologies as Indias No. 3 IT firm in Human Mind is our
only fundamental resource3 4. MET ASCENTterms of revenue. Wipro
reported a revenue of $1.41 billion in the quarter.Cognizant said
it is expecting a revenue of $1.57 billion in the September
quarter. Wiprosguidance for the quarter lies in the range of
$1.39-1.42 billion. Cognizant has also narrowedthe revenue gap with
Infosys to less than $200 million. Infosys earned $1.671 billion in
Junequarter, and its guidance is $1.73 billion for September
quarter. Cognizants net profitjumped 20.83% to $208.04 million in
the April-June 2011 quarter, up from $172.17 millionin the year-ago
period. Cognizant ended the quarter with over 1,18,300 employees
globally.The company added 76 new clients and closed the quarter
with 721 active clients. HR NewsIndia Inc. Then and nowTimes
AscentAmongst many new announcements and policy initiatives, 2011
startedwith news about expected increments this year surpassing
last years andsalary hikes of almost 12.9% for 2011. With recession
far behind them,companies have adequately prepared themselves for
an upturn. The humanHuman Mind is our only fundamental resource 4
5. MET ASCENTresources fraternity has been one that is most
affected. Since the markets started lookingupward, people started
to get new job offers therefore employers have to offer
goodsalaryhikes to retain their existing talent force. The other
big change that India Inc isexpecting to see in 2011 is hiring of
working mothers provided that she has the requiredskills. Overall,
staff strengthening was expected to happen across verticals in
2011. Themanufacturing industry is buoyant and the challenge of
recruiting and retaining talent holds greater importance in todays
competitive environment. The second half of the year is expected to
see a quantum increase in recruitment too. The key challenge will
lie in recruiting and retaining key talent. With the industry
becoming more competitive, employeesconstantly benchmark their work
environments with their peers and it therefore becomes
veryessential that companies focus on key basics such as employee
engagement, effectiverecruitment especially using employee
referral, creating a congenial work environment andan overall focus
on training and development of employees. So while much has
happenedalready, there is even more to look forward to.Taking Work
OutsideTimes Ascent If the pace of work & usual rigour is being
lost in the company in spite of providing the best office
facilities then to ensure employees are creative, innovative &
have a stronger drive to perform you need to boost energy levels at
work by giving them time to unwind by taking them outdoors. Outdoor
activities like sports, picnics, cultural events etc
significantlyimprove employee morale & work culture & break
the monotony ofeveryday office routine & also creates a sense
of healthycompetition, makes one dependent on ones skills &
abilities &appreciate those of the other team members. It leads
to lot of inter& intra team bonding & reduces distance
between employee &manager. Also task & team work seem more
important thanindividual achievements alone. Time, budget,
destination & an activity that interestsmaximum number of
participants has to be thoroughly planned to avoid logistic
&operational problems. Clearly, while outdoor activities come
with a lot of plusses, care must Human Mind is our only fundamental
resource 5 6. MET ASCENTbe exercised at all points of planning and
executing them, so as to not lose sight and theultimate purpose of
it all!2011, the year of HRTimes AscentSignificant people
management trends of the first half of 2011 will pave the way
forward forthe rest of the year & a productive 2012. The onset
of 2011 saw HR managers pledging toimbibe tactful people management
practices that would induceadeptness in the organisational
structure since top HR managershave realised the importance of
effective people managementpractices to enable efficiency in the
organisation.Some companies have opted for selection interviews
where employees are cross examined atthe time of appraisals while
other companies have opted for exit interviews. HR managershave
tried to tap into every aspect of People Management by
infusingnovel practices in firms to fuel employee performances for
the best.Having an official social networking site encourages
employees andclients to bond and garners feedback, enhances
interpersonalrelationships and also gives the employees a sense of
fulfilment astheir work is displayed for everyone in the virtual
world to regard. Balanced workforcestrategy was implemented to
create a proper representation of minorities and womenemployees.
The provision of employee self portals in the first half of 2011
proved to be asuccessful measure. The introduction of which, gave
employees the authority to view andupdate data on the web without
having to go through the HR personnel. The past six monthshave been
those of trial and error; some corporations stimulated people
managementtechniques that brought about a positive transformation
while other HR managers hoped thenext six months would churn out
improved practices.Human Mind is our only fundamental resource 6 7.
MET ASCENTWanted: Efficiency CoachesTimes AscentIndia Inc has a new
breed of coach the efficiency coach. Oftencompanies focus on the
huge gap between the present condition andimmediate results &
somewhere in between they lose sight of theirfinal goal. To help
avoid this over achievers disaster, companies are taking on
efficiencycoaches to help improve efficiency. Their job is to help
identify problematic areas in theworkplace & implement
solutions with a goal to increase productivity, profitability &
value& strive to change the behaviour of the people they are
coaching. A management departmentthat is running subpar along with
weak managers who are afraid to confront problems headon keep a
company locked in a circle of inefficiency while bleeding precious
resources. Thissituation can be avoided with the help of an
efficiency coach. They also help developindividuals & teams
equipped with positive energy & psychological well being.
Theconcept of an efficiency coach will be successful only when the
executive is ready for achange, open to feedback & has attained
a certain a level of maturity in their career.Business owners
implement cost cutting when income declines. Although this may
increase profits temporarily, value inevitably declines due to
lowered employee morale, customer care & product quality.
Efficiency coaching increases value of business while raising
profitability & creates a streamlined, organised workplace that
contributes to higher employee morale & the increased
productivity is usually accompanied by financial bonuses.
Efficiency isabout regular improvement, not perfection. Perfection
within a company can neither beattained nor sustained. Regular
improvement, however, is attainable. While there are manydifferent
aspects of a corporation that a coach can focus on, the ultimate
goal is always apositive final result. And that is exactly what an
efficiency coach helps towards achieving.Human Mind is our only
fundamental resource 7 8. MET ASCENTJob Market Enercon (I) Ltd -
MBA Finance Jobs for FreshersExperience: 0 - 2 Years Functional
Area: Accounts, Finance, Tax, CS, Audit Education: AnyGraduate,
MBA/PGDM - (Finance)Location. WNS Hiring MBA Finance
GraduatesExperience: 0 - 1 Years Location: Delhi/NCRE education:
B.Com , MBA - (Finance)IndustryType: KPO / Research /Analytics
Functional Area: ITES/ BPO/ KPO, Customer Service. EClerx Services
Ltd - Walk-in - Fresher Mumbai Jobs - Finance AnalystsExperience: 0
- 2 Years Location: Mumbai Compensation: Rupees 1,00,000 -
2,25,000Education: B.B.A ,B.Com, MBA/PGDM Functional Area:
Accounts, Finance, Tax, CS, Audit. SAIL - 20 JulAnywhere in India -
MT (Technical/ Administration) - BE/B.Tech (Ceramic, Chem, Civil,
CSE,EEE, ECE, IT, Mech, Metallurgical, Electrical, Instrumentation
& EIectronics), CA, ICWA,MBA/PGDM, MCA. End Date : 17 Aug
Bharatiya Nabhikiya Vidyut Nigam Ltd - 03 AugTamil Nadu-other - Dy.
Manager - CA, ICWA, MA, MBA/PGDM, PG Diploma End Date : 22 Aug SAIL
- 20 JulAnywhere in India - MT (Technical/ Administration) -
BE/B.Tech(Ceramic, Chem, Civil, CSE,EEE, ECE, IT, Mech,
Metallurgical, Electrical, Instrumentation & EIectronics), CA,
ICWA,MBA/PGDM, MCA End Date : 17 Aug Eureka Forbes - 08 AugDelhi -
Management Trainee HR - MBA/PGDM(HR) End Date :09 Aug Bharatiya
Nabhikiya Vidyut Nigam Review Book Ltd - 03 AugTamil Nadu-other -
Dy. Manager - CA, ICWA, MA, MBA/PGDM, PG Diploma End Date :22 Aug
Bank of India - 03 AugAnywhere in India - Specialist Officers in
Scale I & II- LLB, MBA/PGDM End Date: 16 Aug. Human Mind is our
only fundamental resource 8 9. MET ASCENTBOOK REVIEW DRIVE YOUR
PEOPLE WILD WITHOUT DRIVING THEM CRAZY Leadership Lessons for a
Chaotic World -Book Review by Snehal MankarUnder pressure, some
leaders become dictators believing that they haveto drive
performance from their people. What do they get? Long hours,stress,
more chaos & mediocre performance from their people. In
thisrevolutionary book, Jennifer White helps leaders marry two
apparentlyconflicting ideas, success at work and success at home,
with the aim ofcreating profitable companies that retain
top-producing employees.Jennifer White has created a unique
seven-part process that willhelp business leaders produce the right
results when it matters the most,show them how to inspire their
employees to be high performers even if economy is slowing&
convince them that it is possible for everyone to make it home in
time for dinner withoutsacrificing company results.Go ahead,
maximize your productivity, transform chaos into sanity,
communicate withpower, honor your people, use speed to your
advantage, and leverage their strengths andabove all GET YOUR
LIFE.Corruption is a CANCER affecting the nations
political,economic, cultural and social life. It is necessary
toeliminate it.Precident : Pratibha Patil.(15th Aug, 2011)Human
Mind is our only fundamental resource 9 10. MET ASCENT Happenings
at BKC, METBHUJBAL KNOWLEDGE CITY TIESUP WITHBOMBAYMANAGEMENT
ASSOCIATION (BMA)25th July 2011BMA is a no profit no loss
organization that provides training programs & research
projectsfor industries. They contribute in the Financial, IT &
Personnel sector. BMA will conduct programs throughout the year for
both students & staff of METwhich will be beneficial in the
long run.Seminar on AUTOMATION IN INDUSTRY4th August, Department of
EngineeringDelivered by Industry expertsMr. Arun Ogale (former GM
of Siemens, Nashik)Mr. R.R. Deshpande (Director of A. R.
Technologies)Seminar on VISIT TO NASA5th August 2011, Department of
PolytechnicDelivered by Mrs. Apoorva JakhadeGD Session for MBA
students6th Aug, 2011, Institute of ManagementConducted by JESCL
group. Human Mind is our only fundamental resource 10 11. MET
ASCENTInduction program for FE students8th Aug, 2011Briefing done
by FE co-ordinator Mr. Gite followed by felicitation of Engg
college toppers.Events to Come.Poster Presentation15th Aug,
2011Themes - Independence DayInduction Program for First year
MBA16th Aug, 2011Review of Last Year ActivitiesInauguration of MET
ASCENTAndroid Workshop27th Aug, 2011Workshop on phone & PC
software12th 17th September, 2011Paintball, quiz, C coding, Java
coding.Meteorite Workshop15th 17th September, 2011Technical
workshop for ENTC students on robotics software.Human Mind is our
only fundamental resource 11 12. MET ASCENTHappy Birth-Days!Birth
Days in coming 15 days 1. Abhinav Singh 21st August 2. Sameedha
Bhadange 27th August 3. Pushpak Chumble 30th August 4. Sweety
Punjabi 31st AugustThe devil has put a penalty on all things we
enjoy in life. Either we suffer in health or wesuffer in soul or we
get fat.-Albert EinsteinComing together is beginning. Keeping
together is progress.Working together is success. -Henry Ford. .
Compiled by HR INSIGHT group2010-2012Human Mind is our only
fundamental resource 12