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Navnit Nakra, OnePlus India CEO leaves company to 'Follow Passion'
- Navnit Nakra, the CEO of OnePlus India, has stepped down from his position to pursue his passion, according to media reports.
- Nakra, who previously held the role of Vice President, Head of Sales, and Chief Strategy Officer, was elevated to the position of CEO and Head of OnePlus India earlier in 2021.
- OnePlus confirmed Nakra's departure, expressing gratitude for his contributions to the company and wishing him the best for his future endeavors.
- Despite the leadership change, OnePlus remains committed to India as a region and its community members, with plans to strengthen its focus in the country.
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Why companies are prioritizing soft skills?
- The pandemic has led companies to prioritize soft skills alongside technical abilities when hiring new employees.
- Turbulence caused by lockdowns and disrupted economies highlighted the value of retaining employees with collaboration skills and adaptability.
- Soft skills, such as leadership and teamwork, are now being prioritized alongside technical abilities.
- Communication and adaptability have gained importance, especially for roles involving remote or hybrid work.
- Job ads are becoming more inclusive, encouraging candidates who may not meet all criteria to apply, although companies may still have specific skill requirements in mind.
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Cisco CEO expresses gratitude to PM Modi, acknowledges leadership
- Cisco CEO Chuck Robbins met with Indian PM Narendra Modi on Wednesday, the same day the company announced it would start manufacturing in India.
- Robbins shared pictures from the visit on Twitter, thanking PM Modi for his leadership.
- PM Modi responded to the tweet, expressing his approval of Cisco's efforts to take advantage of opportunities in India.
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Former IIT Director explains why some students lose interest in engineering
- Ajit Kumar Chaturvedi former IIT Director explains why some students lose interest in engineering.
- He says, Many students who enter IITs lose interest in pursuing engineering by the third or fourth semester, Students' misconceptions about engineering and science education are a root cause of disinterest.
- Engineering education is built on the foundations of physics, chemistry, and maths, and the 'Science of Engineering' plays an important role in an engineer's ability to design and analyze practical systems.
- In response to declining interest among engineering students, IITs are exploring ways to balance teaching the Science of Engineering with nurturing the excitement of engineering.
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Meet Akriti Chopra, Zomato's employee turned founder who earned 149 Crore in ESOP
- Akriti Chopra, co-founder of Zomato, has become an inspiration for women in India by rising from an employee to one of the company’s top executives.
- Chopra graduated from Lady Shri Ram College and started her career as an articled assistant at PwC before joining Zomato in 2011 as senior manager of finance & operations.
- Chopra played a crucial role in establishing and scaling Zomato’s financials and later became the company’s Chief People Officer and Chief Financial Officer.
- After Zomato’s IPO in 2021, the value of the employee stock ownership plan held by Chopra was valued at Rs 149 crore, placing her among the company's top shareholders.
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IBM CEO Arvind Krishna warns employees of career impact if they don't return to office
- IBM CEO Arvind Krishna warns employees that remote work can hurt career prospects, particularly in managerial roles.
- Krishna cautions that managing people remotely is difficult and some face-to-face communication is important for people managers.
- IBM encourages employees to come to the office at least 3 days a week, citing increased productivity & collaboration.
- While remote work may be suitable for individual roles like customer service or software programming, Krishna believes it is not as conducive to career growth as in-person work.
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Open AI CEO says era of remote work is over, in-person collaboration key for best products
- OpenAI CEO, Sam Altman, suggests that remote work may result in confusion and working from the office is a better model for creating new products.
- Altman's comments come amidst a growing debate on flexible remote work, hybrid work, or complete office-based work.
- Numerous global tech companies have implemented strict policies to return employees to the office, at least twice or thrice a week.
- Altman views remote work as an experiment, which is now over, and the technology is not yet good enough for people to be full remote forever, particularly in startups.
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Warren Buffett taught A-Rod 2 investing rules that he followed after signing $250 million contract
- Baseball star Alex Rodriguez shared investment advice given to him by Warren Buffett after signing a $252 million contract in 2000.
- Buffett advised Rodriguez to buy a great business at a fair price rather than a fair business at a great price.
- Buffett's investment rules for Rodriguez were "never lose money" and "don't forget rule number one."
- Rodriguez also emphasized the importance of hard work and surrounding oneself with smart people when it comes to investing.
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Mukesh Ambani gifts his employee a house worth Rs 1,500 crore
- Mukesh Ambani gifts a Rs 1500 crore home to his longtime friend and employee Manoj Modi in Mumbai.
- Manoj Modi is considered as the 'right hand' of Mukesh Ambani and has been working with the company since the early 1980s.
- The 22-storey building, located in Nepean Sea Road, Mumbai, is spread over 1.7 lakh square feet. Designed by Talati & Partners LLP, the house's furniture is brought from Italy.
- Manoj Modi is currently serving as a Director at Reliance Retail and Reliance Jio and is the brain behind many multi-billion dollar deals inked by Reliance.
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Ratan Tata receives highest Australian civil honour
- Ratan Tata, an Indian industrialist, has been awarded the Order of Australia (AO) honour, the highest civil honour in Australia, for his contribution to Indo-Australian ties in areas such as trade, investment, and philanthropy.
- Australia's High Commissioner to India, Barry O’Farrell, shared pictures from the ceremony and stated that Ratan Tata's contributions have also made a significant impact in Australia.
- Ratan Tata has been a vocal supporter of the India-Australia Economic Cooperation and Trade Agreement, finalised in 2022, and has assisted visiting business and government dignitaries in India, strengthening bilateral relations between the two countries.
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CEO shares the 5 toxic personality types he sees frequently
- CEO Matt Higgins identifies 5 toxic workplace personality types: Withholders, Hijackers, Victims, Martyrs, and Gaslighters.
- Withholders resent skilled colleagues and may bring them down due to insecurity or a need for domination.
- Hijackers exploit vulnerable colleagues and exhibit aggression on top of Withholder tendencies.
- Victims view every obstacle as confirmation of unfair treatment, while Martyrs take on too much work to confirm their own burdened narrative.
- Gaslighters manipulate reality, using narcissistic tendencies and combining the traits of other toxic personality types.
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Man applied for leave to visit ancestors grave, boss demanded photos of the tombstones as proof
- An employee in Hong Kong applied for leave to attend the Ching Ming Festival, a traditional event for honoring ancestors.
- The employee's boss requested that he send pictures of his ancestors tombstones as proof of the purpose of his leave.
- The demand for proof has sparked outrage on social media, with many calling it an invasion of privacy and a violation of traditional customs.
- The incident highlights the need for greater cultural understanding and sensitivity in the workplace, and for clearer guidelines and regulations around employee rights and employer responsibilities.
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Zoho doesn't require employees to be fluent in English for most jobs
- Zoho CEO Sridhar Vembu criticized "elite India" for its English language obsession, stating that employees at his company do not need to be fluent in English.
- Vembu's comments come in response to trolling of Assam's CM Himanta Biswa Sarma, who was called a "copy-paste CM" after a video of him filling details in a visitor's book went viral.
- Vembu tweeted that the bias that people who do not speak fluent English are stupid is prevalent among the "elite India," and progress can only be made when this bias is eliminated.
- According to Vembu, Zoho does not require English fluency for most jobs, and he believes that this will help more people get access to employment opportunities.
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Leadership feels lonely at top, I've faced it: Infosys' Narayana Murthy
- Infosys co-founder NR Narayana Murthy spoke about his experience with leadership while addressing a gathering at the release of Madan Mohanka's biography.
- Murthy mentioned that leadership can feel lonely at the top, but it is also about doing the right thing and raising the confidence of those who look up to you for guidance.
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Meet the highest paid bankers in India and their whopping salaries
- Top Indian bankers earn crores in salaries, with Uday Kotak leading the pack with a net worth of USD 16 billion with a yearly salary of Rs. 3.24 crore.
- ICICI Bank CEO Sandeep Bakhshi's yearly salary amounts to Rs 7.08 crore, thanks to the bank's rising profits.
- Axis Bank's Managing Director Amitabh Chaudhry has an annual salary of Rs 6.01 crore, owing to his top-level experience at Infosys and HDFC Bank.
- HDFC Bank CEO Sashidhar Jagdishan's total compensation is reported to be Rs 6.51 crore, making him one of the highest-paid bankers in India.
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