Current IT Market

Ericsson hires 4,000 employees in India

2012-04-03T11:20:00.001+05:30

Ericsson, the world's largest mobile network equipment maker, has increased staff headcount of its global services unit in India, buoyed by a sharp surge in its managed services business. The Swedish vendor has hired more than 4,000 techies at Ericsson India Global Services, accounting for nearly 90% of its India workforce expansion in calendar year 2011, executives aware of the development told

Infosys, TCS, Sify bag Postal Department's technology projects

2012-04-03T11:18:00.000+05:30

The Department of Post (DoP) has issued Letters of Intent (LoIs) to Infosys, TCS, Sify and Reliance Communications Infrastructure for different technology advancement projects. "Department is trying to induct technology in a big way. There are eight RFPs (Request for Proposal) we have floated and issued Letter of Intent in five (projects) to companies which include Infosys, TCS, Sify and Reliance

Dell to acquire Wyse Tech for $1bn

2012-04-03T11:16:00.000+05:30

Dell Inc, the world's third-largest maker of personal computers, paid about $1 billion to buy closely held Wyse Technology Inc, according to a person with knowledge of the matter. Purchasing Wyse, which makes desktop devices for cloud computing, will boost earnings in the second half of fiscal 2013, Dell said today in a statement, which didn't disclose terms of the deal. David Frink, a spokesman

India shows concerns to US over rejection of H1B, L1 visas

2012-03-30T11:46:00.001+05:30

India has complained to the US about an increase in the rate of rejection of US visas for Indian professionals that resulted in a sharp decline in the number of visas issued to Indians last year.Commerce and industry minister Anand Sharma took up the visa issue with US commerce secretary John Bryson in a bilateral meeting on Monday.

Call centre jobs: All you need to know

2012-03-30T11:44:00.002+05:30

Information Technology (IT), the greatest change agent of the twentieth century, is changing the way we live, work, communicate, shop and study - practically everything we do. IT is also changing the way we do business. Not only does it remove the barriers of distance and geography, but it also dramatically alters 'how' business is done. Click here to read more.

Google beats Facebook in employee satisfaction after 4 years

2012-03-30T11:43:00.001+05:30

Google appears to have stolen the title of 'the best place to work' from Facebook this year, according to a survey on employee satisfaction. Career website Glassdoor, which conducted the survey, noted this year is particularly noteworthy given Google has lagged behind Facebook in employee satisfaction for the past four years. But the two tech giants are neck and neck in terms of what employees

Facebook offers Rs 1.34 cr package to Allahabad engineering student

2012-03-30T11:40:00.000+05:30

Social networking giant Facebook has hired an engineering student here for a fat annual pay package of Rs 1.34 crore, one of the biggest offers made to alumnus of any technical institution of the country.According to P Chakravarti, Director of the Motilal Nehru National Institute of Technology (MNNIT), a B.Tech student from the institute, who has requested that his name be withheld for "security

TCS to provide banking solution for Malaysia's AmBank

2012-03-30T11:39:00.000+05:30

Tata Consultancy Services (TCS) today said Malaysia-based financial services group AmBank has decided to deploy the banking solution of the Indian software major. This integrated banking suite, spanning conventional and Islamic banking, will support both retail banking and lending functionalities, TCS said in a statement . By deploying 'TCS BaNCS', AmBank will see its banking business expand into

Adobe Systems to scrap annual appraisals

2012-03-27T11:11:00.000+05:30

About 10,000 employees at Adobe Systems, including 2,000 in India, have just completed what could probably be their last performance review. The global product services company plans to scrap the age-old practice of being pitted against colleagues and measured up by the bosses once a year. "We plan to abolish the performance review format," says Donna Morris, senior VPHR at the company. Still in

Yahoo layoffs, possibly this month, could reach thousands, report says

2012-03-27T11:10:00.000+05:30

Yahoo CEO Scott Thompson may be close to announcing a major reorganization and sizable layoffs at the Sunnyvale Internet company, which has been grappling with falling revenue, dissident investors and a changing Internet landscape.Thompson's plans could lead to thousands of layoffs being announced in coming weeks, according to two news reports Monday that cited unnamed sources.But analysts warn

IT cos like Infosys, HCL Tech, Cognizant, Wipro pamper placement officers for best talent

2012-03-27T11:08:00.000+05:30

Once reserved for market analysts and key clients, Indian information technology companies are now pampering college placement officers by taking them on domestic and foreign trips as they seek to hire the best talent from Indian campuses ahead of competition. Over the years Cognizant has been taking placement officers to cities like Bangkok and Dubai while others have been holding their offsites

IT services co Tieto to cut 1,300 jobs

2012-03-22T10:42:00.002+05:30

Finnish IT services group Tieto plans to cut 1,300 jobs, or 7 per cent of its staff, as it struggles to compete against global rivals like IBM . The company's share rose 6 percent to the highest level in 13 months on the move, which Tieto said will cut annual costs by 50 million euros ($66 million). The cuts will include 500 jobs in Finland, 300 in Sweden, and around 500 elsewhere, the company

Goldman Plans More Layoffs

2012-03-22T10:42:00.001+05:30

According to Reuters, The Goldman Sachs Group Inc. (GS) is moving ahead with its cost cutting plan. To start with, the bank has sacked employees in its trading and investment banking divisions.In 2011, Goldman reduced 2,400 positions, out of which 1800 layoffs took place in March 2011 as part of its annual review process. The recent announcement of job cuts also comes under Goldman's annual

Mahindra Satyam, Tech Mahindra merge to create $2.4-billion company

2012-03-22T10:40:00.001+05:30

The erstwhile Satyam Computer Services and Tech Mahindra announced details of their planned merger, saying the whole will be greater than the sum of their parts and positioning themselves as a player with the potential to challenge India's top-tier software companies. The merger ratio, at 17 shares of Mahindra Satyam for two Tech Mahindra shares, was along expected lines, valuing the former

Tata Communications to hire 1,200 new staff, may raise debt

2012-03-22T10:39:00.001+05:30

Tata Communications will recruit an extra 1,200 staff over the next 12 months in its outsourcing, sales and engineering divisions as it tries to turn around nearly three years of losses, the firm's CEO said on Wednesday. The operator will also consider upping its debt if the potential returns justify it, Vinod Kumar, Tata Communications chief executive, told Reuters. Kumar declined to comment on

Wipro Technologies eyes $3.5-billion services deals

2012-03-22T10:38:00.001+05:30

Information technology services provider Wipro Technologies is pursuing contracts worth around $3.5 billion, senior management of the company told investors during a recent road show in Europe. The Bangalore-based company is pursuing 15 $100-million deals and another 40 deals worth at least $50 million each. Selective disclosure to groups of investors is seen a pro-active effort by firm, which

Mahindra Satyam acquires vCustomer BPO for $27 million

2012-03-22T10:37:00.001+05:30

Mahindra Satyam, on Friday acquired Delhi based BPO firm vCustomer's International operations for $27 million. This is the first 100% acquisition by Mahindra Satyam since it became part of Mahindra Group. The acquisition marks the entry of Mahindra Satyam's BPO operations into other verticals such as Retail and Consumer Technology in addition to enhancing its technical support business.

Offshoring to India will end in 8-10 years: Report

2012-03-22T10:34:00.001+05:30

Offshoring of jobs to India will begin to decline starting 2014, and will reach the end of its lifecycle in eight years, according to US-based strategic advisory and research firm The Hackett Group released at the Nasscom Global In-House Centers ( GIC) Conclave being held here. According to The Hackett Group, the traditional model of US and European companies moving finance, IT, and other

Dell chalks out new BPO offerings, takes on Indian outsourcing firms

2012-03-22T10:29:00.001+05:30

In a bleak environment where unemployment and sensitivity around offshoring are hurting the business process outsourcing (BPO) industry, IT giant Dell is readying an ambitious foray that will pit it against Indian outsourcing rivals in some of the largest back-office processes outsourced to third-party providers. Once known for desktops and laptops and its direct selling business model, Dell has

iGate Patni plans to hire 1,500 for product engineering business

2012-03-19T13:45:00.000+05:30

Technology firm iGATE Patni expects nearly 25 per cent of its overall revenue to come from the product engineering services (PES) business in 2-3 years."We expect almost 25 per cent of our total revenues to come from the PES business in 2-3 years. Currently, about 15 per cent of the revenues accrue from PES business," said iGate Patni Executive Vice-President and Head of PES Satish Joshi.PES

Snapdeal to hire 500 people in 6 months; keen on acquisitions

2012-03-19T13:42:00.000+05:30

eCommerce major Snapdeal plans to increase its headcount over the next six months by adding 500 people.Snapdeal, which claims to have over 15 million users, employs about 1,000 people at present."We have seen 80-90 per cent growth in traffic month-on-month over the last three quarters. We have been gradually increasing the pace of hiring and over the next six months, we will add about 500 people,

Layoffs hit again at Connexion Technologies

2012-03-15T09:56:00.001+05:30

Connexion Technologies has laid off 232 workers – more than half its staff – in its second round of layoffs this year.The layoffs by the company, which builds and manages telecommunication networks for residential communities, included the elimination of 106 employees in North Carolina, mostly at its Cary headquarters.Connexion was founded in 2002 by former Cary Mayor Glen Lang, who remains CEO.

Does Cloud Really Matter for Your IT Job?

2012-03-15T09:53:00.001+05:30

The job market is already warmed by the news about emerging job openings with cloud computing. Recently published Microsoft Corp. commissioned research from IDC analyst firm points out that cloud computing is to create over 14 million new jobs globally. New findings report that business that shifts to cloud can invest more time and money in innovation and job creation. While half of all new

India job market prospects to improve in next quarter: Survey

2012-03-15T09:47:00.000+05:30

The job market outlook in the second quarter of 2012 has improved in most countries, with prospects being the best in India, according to a survey by staffing services firm ManpowerGroup. A survey of 4,992 Indian employers showed that most plan to increase headcount in the April-June quarter this year. India's seasonally adjusted net employment outlook for the second quarter stood at 44%, one

Wipro eyeing deals worth $3.5bn

2012-03-15T09:45:00.000+05:30