Thursday, February 04, 2010

 

Stepping in to the 10th year

Cant imagine how days are rushing. I just remember catching hold of Kayal and 9 yrs got completed.

Monday, April 06, 2009

 

Layoff Tales

http://specials.rediff.com/getahead/2009/apr/02layofftales.htm

Wednesday, February 25, 2009

 

No lay-offs, no matter how bad it gets, assures HCL Tech

HCL Technologies, one of India's leading Information Technology firm, will not fire its employees even if the economic situation gets worse over the coming months, the company's chief executive officer told Hindustan Times. The company, like other corporates is cutting costs through other 0measures like reducing transport and electricity bills amongst others.

"We have not and will not lay off no matter how bad it gets, even if recessionary trends get worse," said Vineet Nayar, CEO, HCL Technologies. HCL Technologies employs around 55,000 employs across 19 countries.

Nayar said that the company's hiring plans were on track but declined to put a number to the target. On expected salary hikes for financial year 2010, Nayar said that the company will take a decision around June next year.

"We will take a decision around June and expect that most of the bad news will be behind us by then," said Nayar. "We will cut costs from all corners, through better utilisation of electricity, reducing cycle time from desire to implement of a project, controlling transportation and vendor bills," he said.

He declined to comment on how much the company is likely to save through these initiatives
 

Layoff News

Company layoff news available @http://www.jobeehive.com/company/layoffs
 

IBM dismisses 700 freshers in India

This may literally be a bolt from Big Blue! IBM is learnt to have delivered the pink slip to a sizeable chunk of its entry-level trainee programmers (ELTPs) across major offices in India.

Most of these ELTPs, who were engineering graduates, had put in nearly a year and were working in numerous technology practice groups under IBM India’s global delivery business.

Though IBM is silent on the actual number of ELTPs dismissed, the total is likely to be in excess of 700 across company locations nationally, including 180-odd in Kolkata alone.

ELTPs, who were essentially freshers, were asked to go based on their performance in aptitude tests that were recently conducted in undisclosed IBM India locations. It is learnt that action on the ELTP front in major IBM locations was an ultra hush-hush exercise about which many senior IBM managers were in the dark.

At present, the IBM India management is reluctant to go into the details of its latest HR exercise. But in a written response to ET’s email query, an IBM spokesperson said, “IBM is driven by a high-performance culture, a place where employees are able to contribute at the upper limits of their potential and continually build market-valued skills and capabilities in both formal training and experiential learning. In support of that expectation on the part of our workforce, we are pioneering new ways for our people to certify their skill levels as both a validation of their value to clients and to reinforce the quality of our employees’ personal skill sets.”

IBM has strongly refuted any possible link in the latest action on the ELTP front, with industry speculation about IBM’s global services business suffering a cash loss in India in 2007.

Source

http://loungerecruiters.wordpress.com/2008/02/05/ibm-dismisses-700-freshers-in-india/


 

500 TCS employees asked to leave

India’s leading software services firm Tata Consultancy Services Ltd (TCS) said on Tuesday that about 500 of its employees were asked to look for another job after their performance was rated poorly.”Those who cannot meet the performance requirements of our company were asked to look for another job commensurate with their abilities,” TCS spokesman Pradipta Bagchi said here.In the quarter ending on December 31, TCS appointed 4,037 employees, taking its total headcount to 108,229, up from 83,500 a year ago.

The export-driven software services companies have been winning large outsourcing contracts from western clients, but recession fears in the US and a rising rupee against the dollar has considerably affected their profit margins in the recent past.

Source : http://loungerecruiters.wordpress.com/2008/02/05/500-tcs-employees-asked-to-leave/


Monday, November 21, 2005

 

Chennai News Snippets

WORK on modernisation of Chennai airport next year
New Delhi: The Government plans to start work on modernisation and
restructuring of the airports in Chennai and Kolkata next year, the Minister for Civil
http://sify.com/finance/fullstory.php?id=14015164
 
INAUTIX sets up additional centre in Chennai
INAUTIX Tech expands Chennai operations
iNautix Technologies India Pvt Ltd, an affiliate of Pershing
LLC and a leading provider of global technology solutions to a wide range of ...
http://www.chennaionline.com/colnews/newsitem.asp?NEWSID=%7BCD8169CD-BC04-4B0B-8DC6-72E67CBF5EF8%7D&CATEGORYNAME=Chennai
http://sify.com/finance/fullstory.php?id=14013897
 
CHENNAI lecturer wins 12.5 lakhs in KBC
Jerad Suresh, lecturer in pharmaceutical chemistry at Madras Medical
College is the latest `brain' from Chennai to have fared well at KBC II. ...
http://www.newindpress.com/Newsitems.asp?ID=IE920051118085336&Title=Chennai&Topic=0
BANGALORE has several pressing problems
The Age (subscription) - Melbourne,Victoria,Australia
... exorbitant tariff. Some businessmen prefer to fly in from Madras in
the neighbouring state for meetings and fly back the same night. If ...
http://www.theage.com.au/news/technology/bangalore-has-several-pressing-problems/2005/11/17/1132016928102.html
 
MOTOROLA team visits Chennai; looking at investing up to $300 m
A TEAM from Motorola, the mobile handset and telecom equipment manufacturer,
was in Chennai on Thursday as part of the company's efforts to identify a location ...
http://www.thehindubusinessline.com/2005/11/18/stories/2005111803300900.htm
UNIVERSITY of Middlesex opens regional Chennai
... The University provided the right ambience for Indian students  seeking
studies in the UK and the Chennai office was counselling prospective students and ...
http://news.webindia123.com/news/showdetails.asp?id=165720&cat=India

Friday, March 04, 2005

 

IT Snippets

SYNTEL to Invest Us$20 mln nn Chennai IT Corridor
.. US$20 million and hiring 1,500 people during this year, Syntel (India) Ltd today said that it had acquired 28 acres of land on IT corridor of Chennai and would ...
http://www.indiadaily.com/editorial/1774.asp
 
SYNTEL to have facility in Chennai
Outlining its plans that included new investments for 20 mn USD and hiring 1500 people during this year, Syntel (India) Ltd today said that it had ...
http://sify.com/finance/equity/fullstory.php?id=13683065
US visa to cost more
.. fee. These are part of new charges for consular services in American diplomatic missions in New Delhi, Chennai, Mumbai and Kolkata. ...
http://www.hindustantimes.com/news/5922_1263283,0015002100000000.htm
CALIFORNIA Soft approves pref issue
California Software Company, a Chennai-based IT firm, today said its Board had approved the issue of shares on preferential basis. ...
http://sify.com/finance/equity/fullstory.php?id=13684292
CHENNAI best destination for high-end BPOs
After being chosen by top IT firms for setting up of their development centres, Chennai is now emerging as the most preferred destination for ...
http://www.financialexpress.com/latest_full_story.php?content_id=84061
http://www.algorum.com/articles/articles.asp?id=1299&section=BPO
COGNIZANT'S retail practice expands fast
Cognizant Technology Solutions has announced that its retail practice continues to expand rapidly. It counts six out of ...
http://sify.com/finance/equity/fullstory.php?id=13683600
VESTAS plans 300 MW capacity addition, new plant in Chennai:
.. Given the enormous potential of wind power generation in India, ''we are also planning to set up a new plant in Chennai to manufacture blades and controllers ...
http://news.newkerala.com/india-news/?action=fullnews&id=78687
Infosys to acquire 350 acres of land  
Infosys Chairman and Chief Mentor Narayan Murthy today said that 350 acres of land will be acquired for expansion of Company's Bangalore Development Centre.
http://sify.com/finance/equity/fullstory.php?id=13684237
SATYAM gets 50 acres to expand in Chennai
Satyam Computer Services Ltd is being given 50 acres of land in this city for expanding operations. ...
http://www.newkerala.com/news-daily/news/features.php?action=fullnews&id=79104


Wednesday, February 09, 2005

 

IT News Snippets

Travel and Tourism Fair opens in Chennai
Tamil Nadu today said its monuments and tourist centres were not affected by the tsunami and asked holiday makers and pilgrims to give a new ...
 
Xansa to expand operations in chennai
Xansa, the UK-based company, plans to expand operations in Chennai with the setting up of a new building in the next six months at a cost of Rs 22 ...
http://www.expressindia.com/fullstory.php?newsid=40871
 
 
Polaris, Cognizant likely to expand Toronto operations
IT majors, Cognizant Technology Services and Polaris Software Lab are looking at ramping up their Toronto operations, as part of a strategy to use ...
 
 
Chennai Co bags first outsourcing deal in US pension industry:
Chennai-based Congruent Solutions Pvt Ltd has become the first overseas company to provide back-end services to a retirement ...
 
 
American dream can turn nightmare
Flying to the US and living the rest of one's life in style is probably the most cherished dream of many Indians. But there are some people who would do anything to convince you not to do so.
http://www.expressindia.com/fullstory.php?newsid=40646
 
 
Infosys aims to add 6,000 staffs in Q4
Infosys Technologies Ltd has made 6,000 job offers for hiring later in 2005, a company official told a news conference.
http://www.expressindia.com/fullstory.php?newsid=40662
 
 
How Gurgaon clinched top vote for IT, BPO
Investors might want to take a second look at a recent survey that rated Gurgaon ahead of Bangalore, Pune and Hyderabad as most preferred IT and BPO destination.
http://www.expressindia.com/fullstory.php?newsid=41126
 
 
China no threat to Indian IT prowess
China may have stolen a march on India in manufacturing but it will take years before it can catch up with its neighbour in information technology, says McKinsey.
http://www.expressindia.com/fullstory.php?newsid=41425
 
 
SBC to cut 13,000 jobs after AT&T acquisition
SBC Communications Inc said it expects to eliminate about 13,000 jobs after its USD 16 billion acquisition of AT&T Corp closes, but the telephone company stressed that many of those positions can be cut through attrition rather than layoffs.
http://www.expressindia.com/fullstory.php?newsid=41507
 
 
Azim Premji's 8 steps to excellence!
An obsession for excellence is what makes a company successful, says Wipro Chairman Azim Premji.
http://www.rediff.com/money/2005/jan/17spec.htm
 
 
Bangalore, hottest for IT
A good premium for their stocks will help banks grow earnings strong enough to offset the impact of a higher equity base.
http://www.rediff.com/money/2005/jan/18spec.htm
 
 
Interview with TCS CEO S Ramadorai
The TCS CEO spoke about the IT major's operations in Canada.
http://www.rediff.com/money/2005/jan/24inter.htm
 
 
Mumbai is the biggest job creator
An Assocham survey says the IT and ITeS sector was the largest employer, with 44% of the total jobs advertised in the last 2 months from this sector.
Mumbai city is set to create over 8 lakh (800,000) job opportunities by 2015, with the retail, manufacturing and construction sectors being the major job creators.
http://www.rediff.com/money/2005/jan/24mumbai.htm
http://www.rediff.com/money/2005/feb/01jobs.htm
 
 
10 lakh IT jobsin 2005
India's information technology industry is estimated to cross Rs 1 lakh crore in 2004-05 and employ over 10 lakh knowledge professionals, according to Nasscom.
http://www.rediff.com/money/2005/feb/03jobs.htm
 
 
Convergys to hire 4000 more
Business process outsourcing company Convergys India will open a new call centre office near Mumbai by June. The company, which currently employs 10,000 people in India is looking to further increase its manpower by 4000.
http://www.rediff.com/money/2005/feb/08bpo.htm

Monday, February 07, 2005

 

Chennai News Snippets

Chennai co wins 1st BPO contract in US
Chennai: Chennai-based Congruent Solutions Private Ltd has become the first overseas company to provide back-end services to a retirement funds consulting firm ...
Eveready tech park on Chennai plant plot
Calcutta, Feb. 2: Eveready Industries is setting up a state-of-the-art technology park in Chennai in collaboration with Khivraj Tech Park.
 
EIIL to set up Tech Park in chennai
... value of its assets, Eveready Industries India Ltd (EIIL) on Wednesday announced a new initiative that is aimed at creating the latest infrastructure in Chennai ...
 
Russian firm eyes 49% in Aircel
... Televentures for $450 million. Aircel provides cellular services in the Chennai and Tamil Nadu circles. Sistema, which is currently ...
 
Startup sees market for Linux offshore support
Slash Support Inc., a five-year-old California and Chennai-based startup, has partnered International Business Machines (IBM) to boost offshore support for ...
 
Accenture ups India staff to 11,000
Finally, the most wanted of Accenture's India numbers are officially out. The global consuting, technology and outsourcing ...
HLL launches its water purifier `Pureit` in Chennai
FMCG major Hindustan Lever Limited (HLL) is targeting Chennai's Rs 800-crore purified water market with its 'Pureit'. Pureit filters ...
CII and ELCOT to promote software park in Coimbatore:
Industry body CII and the state-owned Electronics Corporation of Tamil Nadu would jointly promote a software park at ...
 
Chennai co wins 1st BPO contract in US
Chennai-based Congruent Solutions Private Ltd has become the first overseas company to provide back-end services to a retirement funds consulting firm ...

 

News Snippets

IT deductions: HRA and interest benefits
... An amount equal: a) Where accommodation is situated in Mumbai, Calcutta, Delhi or Chennai, 50 percent of salary in the relevant period. ...  There is nothing in the provisions which restricts claiming of exemption on HRA as well as deduction on interest paid for a housing loan.

Hundred movies in one DVD?
... for packing one hundred movies in one DVD is not there yet, but a Singapore company, listed in Australia but doing development work in Chennai, is almost there ...


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