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Ramanathan Kannan is to take over from S Ramachander as Director of the Institute for Financial Management and Research at Chennai with effect from 1 Jul 2004. Mr Ramachander retires on 30 Jun 2004 after completing his six-year term. Kannan has over 30 years of experience in industry and has served as a director on the boards of several leading corporations. He says that the institute would leverage its association with ICICI Bank to develop its core competence in finance.

Only 50% of British businesses undertake talent management activities, despite a majority recognising that it has an impact on their bottom line, according to research launched by the Chartered Institute of Personnel and Development (CIPD) at a series of conferences held in London. The research found that 38% of companies have a formal talent management strategy and the same percentage have a formal definition of talent management. The report found that companies have very different definitions of talent management. Paul Turner, professor and executive in residence at Nottingham Business School, told the conference: “There are those [companies] that have an exclusive

Chennai, June 9 - MR Rama Nathan Kannan is regarded as the director of the Institute of Chennai-Financial Management & Research (IFMR) on 1 July. It resumed by Professor S. Ramachander, which is the retirement age to 30 June, on completion of his term of six years. Mr. Kannan appointment was at a meeting of the Board of Governors of the Institute will take place on Tuesday, said a statement by Dr Nachiket Mor, Executive Director, Icici Bank and a member of the Board of Governors, IFMR. IFMR is a body whose promoters Icici Bank and the House of Kotharis and

New hires wait to hear the fate of their jobs with Bear Stearns as financial hiring in general appears shakier The stunning collapse and fire sale of investment house Bear Stearns (BSC)—a major employer of business graduates—has added another worry to an already shaky hiring outlook for business grads, college officials say. While major career services organizations haven't entirely reversed earlier predictions that the hiring market for 2008 grads is going to be strong, reports of recruiters cutting back on the number of job offers and, in some cases, lower starting salaries are beginning to surface. Reductions are not just happening

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