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City-based CIEL Group has made a strategic investment in Next Leap Career Solutions Pvt Ltd by signing a definitive agreement to acquire 100 per cent equity stake in tranches, the company said on Sunday. The acquisition is part of the strategic vision of the company to expand its offering in the human resource services space. "With this acquisition, CIEL Group strengthens its position further as a workforce solutions company leveraging technology," said a company statement. Pi Capital and Legalogic are advisors of Next Leap Career Solutions, while NovoJuris represents CIEL Group in this deal. However, the company did not disclose the value of the deal. CIEL (HR services) managing director Aditya Narayan Mishra said, "This acquisition, in line with our IPO plans, is part of our strategic vision to expand our technology-led offerings in the HR services domain." "It will complement our existing subsidiary Integrum Solutions operating in HR technology space and will help us expand ou
Singaporeans generally agreed with the importance of the country, dubbed as Asia's financial hub, remaining open to foreigners competing for jobs, according to a latest survey. About 81 per cent of the people agreed that it is good that Singapore is a hub as it provides good job opportunities for Singaporeans, even if some jobs will go to foreigners, Channel News Asia reported, citing the survey of the government's feedback and engagement unit REACH. Majority of the respondents (63 per cent) strongly agreed or agreed that it is important that Singapore remains open to foreigners while 25 per cent were neutral, and only 10 per cent strongly disagreed or disagreed, said REACH which conducted the survey between August 11-21. The sample was weighted to be demographically representative of the national population in terms of gender, age and race. Respondents who were unemployed were more likely to be neutral on the importance of Singapore remaining open to foreigners, it said. The ...