ICICI Bank's profit rose 14 per cent for the year ended March 2015
ICICI Bank's profit rose 14 per cent to Rs 11,175 crore for the year ended March 2015 from Rs 9,810 crore a year earlier. Earnings at Axis Bank rose to 18.33 per cent while HDFC Bank increased its profit by 20.49 per cent, in the same period.
The board of directors rewarded ICICI Bank managing director and chief executive officer Chanda Kochhar with a 12.06 per cent pay hike, which amounted to a salary of Rs 5.85 crore, the bank said in its annual report for 2014-15.
The minimum and maximum range of monthly supplementary allowance for Kochhar was Rs 10-18 lakh.
IIM Ahmedabad invites government officials, executives for new faculty post
India's premier business school, IIM Ahmedabad (IIM-A) is planning to tap senior corporate executives and government officials for a new faculty position called, 'Professor of management practice', inviting non Phds to come and teach at the institute.
The new position is different from visiting faculty members and is targetted at those considering a serious full time career in academics.
IIM-A is seen as pioneering such a move. The other IIMs may hire non-PhD faculty members, but on condition they finish their research and PhD in two to three years after joining.
Companies aggressively hiring techies to pep up IT competencies
Companies such as SAP, General Mills, Snapdeal and Marico are aggressively hiring techies, even from outside India, to strengthen technology competencies, especially in mobility, big data and analytics.
SAP plans to add 1,000 engineers in the next 12 months to its lab in India, its second-largest globally. SAP Labs India will increase the intake of graduates from the country's premier engineering colleges.
About 70% of the German software company's 6,500 employees in India are part of its R&D and product engineering, while 20% are in consulting and implementation and the rest in sales and marketing.
Govt to train 50,000 people to become solar professionals
The government will train 50,000 people to become solar professionals over next three years and will launch a mobile application as well. This will help solar product users access to the nearest available manpower for fixing snags.
The government has set a target of installing 100 GW of power from sunshine by 2022. According to the ministry of new and renewable energy, it will be impossible to meet this target without a robust service sector.
Ratan Tata among names proposed for IIT-B Board's Chairman
IIT Bombay has proposed industrialist Ratan Tata among a list of three names proposed for the next Chairman of its Board of Governors.
The chairman's post fell vacant after the tenure of nuclear scientist Anil Kakodkar ended on May 11.
Human Resource Development Ministry has received a panel of three names for consideration and has placed it before the President for approval, ministry officials said.