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Recruitment platform WorkIndia raises $7 million from Xiaomi

10Feb By PriyankaNo Comments

FUNDING

Recruitment platform WorkIndia raises $7 million from Xiaomi

Blue-collar recruitment platform WorkIndia has raised $7 million (Rs 42 crore) from Chinese tech major Xiaomi. Previous investors of WorkIndia who have done multiple investment rounds in the company include Beenext Pte ltd and a Japanese hedge fund Asuka Investments among others, the company said. In less than five years, the company has moved from being a technology startup to an unprecedented 2.1 crore unique app sessions per month, 1.5 crores registered job seekers and presence in 763 cities across India, it added. "The cutting edge technology developed by WorkIndia, utilising geo-positioning and dynamic algorithms, is one of the best in class that we have seen. The company has created a massive dent in the Indian blue-collar segment within a short span of time. It is inspir...

Paytm Mall to Hire 5,000 College Graduates, Massive Recruitment Drive

21Jul By Gauri SinghNo Comments

News

Paytm Mall to Hire 5,000 College Graduates, Massive Recruitment Drive

Paytm Mall, the in-app service of the digital payment platform Paytm, in its massive recruitment drive, is expecting to hire around 5,000 college graduates. On Friday, the company introduced the second edition of the Campus Icon programme and has started with the process. This particular programme will be taken forward for five weeks and has been built to assist the students in enhancing their vocational capabilities. The participants will be given a variety of exercises in technology, marketing and sales which would improve their skills. “The inaugural edition of our Campus Icon Programme turned out to be a great success with students participating from thousands of colleges across the country. This year, we plan to reach out to even more students — making Campus Icon one of the large...

Recruitment At RCom Declined By 94 Percent

14Jun By Gauri SinghNo Comments

BUSINESS

Recruitment At RCom Declined By 94 Percent

The Anil Dhirubhai Ambani-led telecom company Reliance Communications has stated that the total number of jobs and recruitment in the company have reduced to 3,400 at present by about 94 percent from a high level of 52,000. The jobs at the RCom was at its peak at around 2008-10. But gradually the number has decreased, maybe due to the pressure of debt. The company is losing its balance lately under a debt of around Rs 45,000 crore. "Total number of people in the RCOM group: from peak of approximately 52,000 to current 3,400, a reduction of approximately 94 percent," RCom said in a filing. The company has closed its mobile services business this year in January and continues to provide business-to-business (B2B) telecom services. The telecom firm in the filing stated that its B2B depar...

Reliance Jio on a Hiring Spree of Experts Under Akash Ambani

4Jun By Gauri SinghNo Comments

BUSINESS

Reliance Jio on a Hiring Spree of Experts Under Akash Ambani

The Mukesh Ambani-led Reliance Jio Infocomm has started its hunt for a team of experts to work under Akash Ambani regarding the Artificial Intelligence (AI) of the firm. Apart from AI, the company is also seeking for young people to work on machine learning and blockchain technology (a digital ledger in which transactions are recorded). It has been reported that Reliance Jio has already appointed some of the senior officials who are responsible for building this team. Akash Ambani is interestingly getting involved in this process and is being assumed to lead the initiative. The company is planning to set up this team in either of the two cities – Hyderabad or Bengaluru. An artificial intelligence (AI) oriented brand engagement platform called ‘JioInteract’ was launched by Reliance Ji...

Google Backed Online Healthcare Startup Practo Lays Off 150 Employees

7Apr By AdityaNo Comments

News

Google Backed Online Healthcare Startup Practo Lays Off 150 Employees

Online healthcare platform Practo has laid off around 10% of its workforce amounting to 150 employees as part of its annual performance appraisal and redundancies due to acquisitions. “Yesterday, 150 of our colleagues left the company to pursue opportunities outside. This is a combination of natural redundancies that emerge as we integrate our 5 acquisitions and evolve our businesses, as well as the performance required for the next phase of Practo’s growth,” a company spokesperson said in an email response. In line with the company’s policy, it provides employees with two months pay, employment and outplacement services to help them find their next great opportunity, the statement added. Practo has acquired five firms -- FitHo, Genii, Insta Health Solutions, Qikwell and Enlightik...

DBS Launches Hack2Hire to Recruit 100 Techies for Hyderabad Hub

22Feb By AdityaNo Comments

News

DBS Launches Hack2Hire to Recruit 100 Techies for Hyderabad Hub

Singapore's largest bank DBS said it is planning to hire 100 skilled professionals, in emerging and disruptive technologies across cloud, machine learning and Big Data, for its Hyderabad hub. DBS has launched the recruitment drive 'DBS Hack2Hire' and collaborated with leading technology providers such as Amazon Web Services, Cloudera and Pivotal for conducting the hackathon. In a statement, DBS said that taking this new approach to recruitment, it will break banking industry norms by recruiting successful candidates through a hackathon. "The 100 new selects will join DBS Asia Hub 2 in Hyderabad, India. This coding challenge, which has already received more than 3,000 applications, is open to both fresh graduates and experienced professionals who can apply up to March 12, 2017," it...

TeamLease Services Q2 Net Profit at Rs 9 Crore

12Nov By AnkitaNo Comments

BUSINESS

TeamLease Services Q2 Net Profit at Rs 9 Crore

Staffing services firm TeamLease Services has reported a net profit of Rs 9.03 crore for the quarter ended September 30, 2016, a jump of 58 percent compared to the year-ago period. The company had reported a net profit of Rs 5.72 crore in the quarter ended September 2015, a company statement said. "The steps towards staffing vertical growth has gained momentum with the closure of acquisitions of ASAP Info Systems and Nichepro in the IT staffing space," TeamLease Services Managing Director Ashok Reddy said. Gross revenue of the company stood at Rs 840.88 crore for the second quarter of this fiscal with 14 percent yearly jump. "The continued focus on productivity, margin improvement and client acquisitions has seen good traction. We stay true to our core objectives and metrics of...

TalentNext.com Raises $1 Million From Angel Investors

3Nov By NitishNo Comments

FUNDING

TalentNext.com Raises $1 Million From Angel Investors

TalentNext.com, an online platform that connects talent like actors and screenwriters with recruiters, has secured a second round of funding of USD 1 million from angel investors. Launched in July 2016, the platform focuses on providing recruitment within television, advertising, films and digital content. "Our aim is to support and augment the growth of promising talent across the country. This investment helps us expand to hundreds of cities across India and beyond the typical metropolitan and tier I regions," TalentNext.com CEO Shekhar Purohit said. According to Purohit, the talent discovery and recruitment platform has partnered with over 30 casting directors in Mumbai and has partnerships with industry bigwigs including Dharma Productions, OML, Culture Machine and Balaji Telefil...

A Manipuri Youth Received $40,000 Facebook Grant

10Oct By NitishNo Comments

News

A Manipuri Youth Received $40,000 Facebook Grant

Monish Karam, a manipuri youth and founder of Jobsenz has received a $40,000 grant from Facebook to develop a mobile application which he founded in 2015. Monish Karam based out of Singapore received the grant under the FbStart initiative, which helps startups. FbStart initiative, Facebook’s worldwide program which helps mobile startups, selected Jobsenz for its impressive development. “We applied for it and the minimum criteria is to have an app which has gained some traction. According to Facebook, the app was chosen because of its impressive development so far and its potential for continued growth. We have already crossed a significant number of downloads in India ,” said Karam, who is from Imphal. From job search, multi-lingual resume builder to preparing for jobs ...