Its a new year and people are naturally looking for new excitement and opportunities as well. Americans were most excited about this it seems, as US gov data shows that a record 4.5 million people in the US quit their jobs towards the end of 2021!
And here in India, the CEO of Jet Airways has quit, just as the airline was getting ready for the skies once again.
Sudhir Gaur was appointed acting CEO of the airline in July last year, but has quit barely six months later. The reason is not known, and they do apparently have an interim successor lined up, but the timing of this exit seems far from ideal.
The Jalan-Kalrock consortium which won the bid for the airline is keen to get it started ASAP. They even wrote to the NCLT a few weeks ago, requesting them to hurry up with the implementation of the resolution plan which was approved in June last year.
But now they themselves are without a leader at the top, and at this rate, it looks like Rakesh Jhunjhunwala's Akasa Air might start operations before Jet.
The Securities and Exchange Board of India has stepped up its hiring plans for this year and is looking to add 120 hawk-eyed senior executives to its ranks.
The reason, as reported by BloombergQuint, is that they're trying to deal with the increased workload thanks to the IPO boom we've seen. Also, with the mammoth LIC of India being lined up for a March entry on the stock market, SEBI will need all the help it can get to make sure everyone's following the rules.
Other large IPOs include SBI Mutual Funds, More Retail and even Flipkart and Byju's later in 2022.
Now we know a lot of financial market enthusiasts are subscribers of The Gyst, so in case you're keen, here's the link to SEBI's official post for the job openings.
Actually, you (and me) could also apply for the Jet Airways CEO job, but we couldn't find the posting on any job portal 🤷♀️😅.