The IT-ITeS sector skills council (SSC Nasscom), in association with Hyderabad-based career accelerator TalentSprint, on Thursday launched a nationwide programme for Talent Acquisition Professionals in the IT and business process management (BPM) industry called the Talent Acquisition Professionals Forum (or TAP Forum).

There are over 30,000 talent acquisition professionals in the Indian IT-BPM industry. A recent study revealed that recruiting is the most important human resources function when it comes to RoI (return on investment) and companies that excel in recruiting experience have 3.5 times more revenue growth than their less-capable peers.

In a bid to boost market activity, the Securities and Exchange Board of India (Sebi) plans to overhaul the corporate debt market by pushing all issuance onto an electronic platform as early as November, sources with direct knowledge of the plan said.

The markets regulator will announce the proposal drafted by an internal regulatory panel within a few weeks, and seek market feedback, said the sources, who declined to be named as the plan is not yet public.

Air India and its subsidiaries will now have six recognised unions following an election to reduce the number of trade unions in the airline. Prior to the elections there were fourteen recognised trade unions in the airline and two subsidiaries.

The rationale behind the move to recognise fewer unions was that it would lead to better decision making and efficiency.

Mumbai, Aug. 26: The Mahindra group is investing Rs 700 crore in commercial vehicles (CV) as it seeks to manufacture the entire range of trucks.

Mahindra Truck and Bus Division will make the investment to develop new intermediate and light commercial vehicles (LCVs). The aim is to have a portfolio ranging from 3.5 tonnes to 49 tonnes, thereby becoming a full-range player in the next two years.

Realty major DLF's stock jumped nearly 5% on Thursday after the anti-trust regulator CCI rejected allegations of anti-competitive practices made against the company related to a project in the national capital.

After opening at Rs 113.55, the stock climbed to a day's high of Rs 116.05, up 4.88% from Wednesday's close.

As it plans to double its output, Coal India Limited is faced with a major human resource crisis, a recent organisation-wide study has revealed.

The company fears staff poaching once mining in auctioned blocks begins, and its ranking among its PSU peers is lowest in key HR parameters.

The benchmark BSE Sensex recovered over 455 points to cross 26,000 level in early trade, while NSE Nifty crossed the 7,900 mark on short covering by participants on expiry of derivatives contracts and strong global cues.

The 30-share barometer spurted by 455.73 points, or 1.77%, to 26,170.39. On Wednesday, it had lost 317.72 points.

Larsen & Toubro today said power transmission and distribution business of L&T Construction has bagged orders worth Rs 864 crore from Qatar General Electricity and Water Corporation ‘KAHRAMAA’.

“The power transmission and distribution business of L&T Construction has won a prestigious order in the Middle East from Qatar General Electricity and Water Corporation ‘KAHRAMAA’ worth QAR (Qatari Riyal) 491.45 million (Rs 864 crore),” Larsen & Toubro said in a BSE filing.

Largest private lender ICICI Bank today launched the country's first mortgage guarantee-backed home loan product that will expand the credit amount and increase the tenure for an additional fee as well.

It will help customers raise the eligible amount by up to 20 per cent and increase the tenure by up to seven years, MD and CEO Chanda Kochhar told reporters here.

Calcutta, Aug. 25: SBI General Insurance, which had suffered a loss of Rs 105 crore in 2014-15, expects to break even this financial year.

Bhaskar J. Sarma, managing director and chief executive officer of SBI General Insurance, today said the company was targeting a premium collection of Rs 2,400 crore against Rs 1,600 crore last year with an increased focus on health insurance. "We are also expecting to break even this year," he added.

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