News Roundup: One third of CXO aspirants in India Inc fudge resumes
Sistema to pull out from India if Trai proposals accepted?
“If the government just rubber stamps everything (recommended by Telecom Regulatory Authority of India) then we will pull out from India,” Sistema JSFC’s Member of Executive Board Andrey Terebenin told PTI. Russian conglomerate Sistema today warned that it will pull out of India if telecom regulator Trai’s proposals on spectrum auction are accepted by government in their present form, saying the base price for air wave auction should be kept at Rs 1,658 crore.[source]
One third of CXO aspirants in India Inc fudge resumes: Search firms
CXO-level aspirants also tend to inflate compensation and introduce salary heads that do not exist in pay slips. “Compensation is a big black box. We don’t get our arms around the details that are not mentioned in the papers,” says Kalyani Shastry, associate director, Stanton Chase International. Some headhunters such as K Sudarshan, managing partner (India), EMA Partners International, say they have caught executives not mentioning shorter job stints in CVs.[source]
Hiring up 36% over last year: Naukri survey
The first month of the fiscal quarter has begun on a positive note, with hiring activity in Bangalore rising sharply, by 36 per cent, in April, 2012, over the corresponding period last year. The index rose 5 per cent for April over March, 2012.
Trai may reconsider 2G spectrum auction recommendations
The telecom regulator may be inclined to reconsider its recommendations on spectrum auction if the government asks it to do so, said a senior official aware of the developments. Trai’s latest recommendations on spectrum auction propose to keep 3,622 crore as reserve price per unit of 2G spectrum, which translates into more than 18,000 crore for a pan-India permit, a price nearly 13 times higher than the cost of the same permits in 2008.[source]
“Most of our customers are upgrading from Royal Enfield. For me, competition is if somebody is doing something else on a Sunday morning because I want him to experience Harley Davidson during that time.” [Anoop Prakash, Managing Director, Harley-Davidson India/Source: BS]