| Age no bar: Where meritocracy can thrive
Deepa Krishnan, a woman in her mid-20s, has grown from being an officer to a senior manager in just 5 years. Today she heads a team of about 150 people. Padmanabha Rao, all of 26 years, leads four processes and manages a team of over 220. In addition to being the head of a programme, he is a certified Six Sigma Green Belt in corporate efficiency and part of the Black Belt certification projects, aspiring to be a vice-president in the next few years. Deepa and Padmanabha are among the lakhs of youngsters in the BPO sector who manage integral operations for their global clients. They take decisions that have a direct impact on their clients' business and provide inputs that add value to their clients' end customers. The BPO sector offers challenges like these - exposure to a global business environment and taking on large mandates at the very beginning of one's career.
FYI Miami
MIAMI 21 MEETINGS: The City of Miami is to hold public meetings this month on a proposed new zoning code and blueprint for growth, Miami 21, outside of the city's eastern quadrant. Commissioners required staff to hold the meetings to ensure that all residents are able to participate in shaping the plan. A schedule of the meetings, to occur through early September, is at www.miami21.org. The growth plan divides the city into quadrants. The eastern quadrant is under review.
CARNIVAL COSTS: The Carnival Center for the Performing Arts has no plans to ask for money from Miami's community redevelopment agency, said President and CEO Michael Hardy, although Commissioner Tom�s Regalado says Miami-Dade County may ask the agency to allocate 35% of its revenue to the arts center.
(AFX UK Focus) 2007-08-13 17:29 GMT: Brussels shares close up; Solvay leads gainers as blue-chips rebound UPDATE
(Updates with full report) BRUSSELS (Thomson Financial) - Brussels shares closed higher as blue-chip stocks rebounded from lows, with Solvay leading the market up after a bad performance at the end of last week, according to dealers. At the close, the Bel 20 was up 88.99 points or 2.17 pct at 4,185.19. Solvay jumped 6.13 eur or 6.09 pct to 106.73 after Werner Cautreels, general manager of pharmaceuticals, said that the delay in approval for its Bifeprunox drug by the US Food and Drug Administration will not impact bottom line figures in 2007 and will likely have a slightly positive impact in 2008 "because of deferred launch costs". Cautreels said that the announcement, which saw shares plummet over 9 pct on Friday, will impact long-term sales growth, but to a lesser extent profitability, and added that the group "cannot provide guidance for that now".
This Week's IPOs Part I: Amedica Corp. , Concho Resources, Dolan Media Co.
Abbi Adest submits: IPOs on tap for this week include: Amedica Corp. (AMCA) an orthopedic implant company; Concho Resources Inc. (CXO), an independent oil and natural gas company based in Midland, TX; Dolan Media Company (Toronto: DM.TO - News), a leading provider of business information and professional services to the legal, financial and real estate sectors. .
Authorities shut down Fla. telemarketing firm
A telemarketing firm accused of using murky promises of discounts and free vacations to trick thousands of consumers across the nation out of millions of dollars was temporarily shut down Wednesday, federal officials said. The Federal Trade Commission took action against Strategia Marketing Inc., also known as Suntasia Marketing, following a federal judge's temporary civil injunction. The judge also froze the assets of the company and its executives and allowed federal regulators to inspect and copy the company's business records. According to federal civil court records, more than 5,000 people complained to authorities that the telemarketing firm, operating under at least 15 business names, used deceptive and confusing sales tactics to get consumers to reveal their bank account information.
Authorities shut down Fla. telemarketing firm
A telemarketing firm accused of using murky promises of discounts and free vacations to trick thousands of consumers across the nation out of millions of dollars was temporarily shut down Wednesday, federal officials said. The Federal Trade Commission took action against Strategia Marketing Inc., also known as Suntasia Marketing, following a federal judge's temporary civil injunction. The judge also froze the assets of the company and its executives and allowed federal regulators to inspect and copy the company's business records. According to federal civil court records, more than 5,000 people complained to authorities that the telemarketing firm, operating under at least 15 business names, used deceptive and confusing sales tactics to get consumers to reveal their bank account information.
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