Good News

MetLife to hire 2,000 managers, 30,000 advisors

MetLifePrivate sector insurer MetLife India has decided to expand its network in coming times. It would recruit about 2,000 managers and 30,000 advisors in line with its growth strategy. Its board of directors has already approved to infuse Rs 100 crore of additional equity capital into the company.

Besides, it would also open new branches across major towns to ensure the success of existing and new products of the company. Interestingly, leading companies are adopting large scale lay-offs following the global financial crisis.

PepsiCo to go ahead with India plans

PepsiCoBeverages and snack foods major, PepsiCo, would continue its expansion in India, irrespective of global financial crisis and slowdown in industry. The company has recently decided to invest $500 million in India in next three years.

PepsiCo India Chairman, Sanjeev Chadha ruled out slowdown in FMCG sector and said that only banking and insurance sector is widely hit by financial crisis. He was speaking to the reporters in the side lines of function of World Economic Forum (WEF). He was recently elected as head of beverages and food industry of Indian region.

State Bank of India to increase staff strength

State Bank of IndiaState Bank of India is likely to hire 25,000 persons by the end of March. SBI is the top lender of the country, having big network of branches and ATMs across almost all the towns of the country. SBI has presence in other countries as well.

IT is optimistic to improve market early

IT is optimistic to improve market earlyThe information technology industry suffered most from the ongoing world economic crisis. But it is still optimistic to recover to high growth rate in coming times. IT sector would use the situation for advantage in next growth cycle.

Kamath seeks more measure to improve liquidity

CII President and ICICI Bank CEO, K V KamathCII President and ICICI Bank CEO, K V Kamath, demanded more measures to improve liquidity conditions in the monetary system of the country. He said that inflation rate is continuously coming down and financial institutions can expect more injection of credit in next policy review of the Reserve Bank.