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Impavid Bulletin

companies

GroupM India has elevated Navin Khemka as the CEO of EssenceMediacom South Asia. Sonali Malaviya will serve as the Chief Strategy and Transformation Officer of the newly formed agency. In April, it was announced that Essence and MediaCom would be merging to create EssenceMediacom.

Hybrid work fulfils both employer-employee needs, said experts. Employees want flexibility, but also in-person time with their teams, colleagues and friends at work. Organisations want more people back in offices but recognise that the world of work has changed irrevocably- and employees can be more productive, even while operating in flexible models.

​​Employers feel that inflation (18% of employers) and ongoing layoffs (15% of employers) are things to be on the lookout for in 2023 respectively, shows data from job site Indeed's October ’22 - December ’22 quarterly hiring tracker, which shares insights on the jobs landscape in 2022 and the expectations of jobseekers and employers for 2023.

Under Sinha, who had moved from Hindustan Unilever, PepsiCo acquired Duke & Sons' beverage business. However, Sinha lost out to rival Coca-Cola in an intense bidding battle to acquire Ramesh Chauhan's soft drink brands Thums Up and Limca.

With Prime Minister Narendra Modi having pledged that the country will reach net-zero emissions by 2070, and stringent policy and regulations driving compliance, reporting, and disclosures, ESG has become a focal point of boardroom discussions, and organisations across industries are looking at strengthening ESG skillsets across their teams.

To be utilised in the current financial year, the funds would help develop and build on a range of on-going activities including Science, Technology, Engineering and Mathematics education through its corporate social responsibility programme - Engineering Futures.

Multi-family office and wealth advisory firm Waterfield Advisors has appointed Subodh Kaistha as managing director to take charge of the firm’s HNI segment - Bespoke Wealth. The firm’s Bespoke Wealth segment serves HNI clients having investable assets between Rs 10 to Rs 100 crore.

Moonlighting refers to a full-time employee of a company taking up an additional job, usually without the employer's knowledge. There have been multiple reports of IT professionals moonlighting during the pandemic when companies switched to full-time work from home.