HP plans to cut 25,000 jobs
21 May, 2012
SAN FRANCISCO: Hewlett-Packard is considering cutting as many as 25,000 jobs, or 8 per cent of its workforce, to reduce costs and help the company contend with ebbing demand for computers and services, people briefed on the plans said.The number to be cut includes 10,000 to 15,000 from Hewlett-Packard's enterprise services group, which sells a range of information-technology services and has been beset by declining profitability, said these people, who asked not to be identified because the plan... Hiring and pay packets for freshers in IT sector on the rise
10 May, 2012
 NEW DELHI: Notwithstanding the economic uncertainty, fresher recruitment and salary levels have seen a upward trend in the IT and ITeS sector during the January-March quarter of 2012 compared to other sectors in the same period, shows a survey. The survey findings reveal that IT and ITeS Sector had recruited 24 per cent freshers in the last quarter of FY'12 of their total hiring, a surge of 9 per cent from the year-ago period. Besides, salary level in campus placements was up by 8 per cent i... Arrears no longer a bar for jobs
09 May, 2012
Anna University has indicated to students that with many companies easing their eligibility criteria, an arrear-free academic record is not a must to apply for placements. This measure comes as a welcome relief for students, who can now focus on employment, rather than brooding over missed chances due to arrears.Lower criteriaArrears are a great obstacle to students, many of whom accumulate a lot of them over the four years of the course. Until recently, this would have prevented them even for a... Sahil Lavingia: 19-year old Indian college dropout gets Rs 5.8 crore for his startup Gumroad
30 April, 2012
MUMBAI: He is all of 19, sits in a corner office, has convinced hard-nosed venture capitalists to invest $1.1 million (Rs 5.8 crore) in his startup, and designed Pinterest, the virtual pinboard that has the world of social networking agog. "Kids build great things," reflects Sahil Lavingia about his impressive resume. "You almost need to be inexperienced and ignorant to be successful." The son of Singapore-based investment bankers of Indian origin, Lavingia is reminiscent of the stereotypical ... Sony to hire 500 people in India in 2012-13
26 April, 2012
 NEW DELHI: In contrast to its loss making Japanese parent, Sony India today said it is registering "healthy profit" and even plans to increase its headcount by 500 people in the current financial year."The situation in India is different from the other global markets, where Sony is witnessing pressure. We are having strong growth and healthy profits," Sony India Managing Director Masaru Tamagawa told reporters here.Stating that Sony India expects to continue good growth, he said the company pl... TCS to hire 50,000 in FY13
25 April, 2012
MUMBAI: Software major Tata Consultancy Services(TCS) today said it is planning to hire 50,000 people in FY 13."TCS is well prepared to achieve balanced growth across industries and markets it operates in FY 13. In view of good momentum, we are targeting to hire 50,000 people this year," TCS CEO and MD N Chandrasekaran told reporters here.In view of excellent growth in North American and UK markets, we will continue hiring in the overseas markets, he said."We are hiring employees in the USA, inc... 52% companies say new jobs will be created in FY 2012-13
23 April, 2012
KOLKATA: Around 52% companies have said that new jobs will be created in FY 2012-13, says a survey on the hiring scenario of 2012-13 conducted by Kolkata-based Genius Consultants with 353 companies across India. About 3% companies have said that there will be layoffs this year and another 5 % said that there will be no hiring. The survey also revealed that organisations plan to give increments to their employees in 2012-13. 36% companies said that the range of increments will be between 10-15%; ... Infosys to hire 35,000 in FY 13
18 April, 2012
 Country's second largest IT firm Infosys on Friday said it will hire 35,000 people this fiscal, including 13,000 for its BPO operations. "We are going to add 35,000 more people next year, which includes 13,000 people for the BPO operations," Infosys Member of the Board and Chief Financial Officer V Balakrishnan said. Infosys and its subsidiaries added 10,676 employees in the fourth quarter of FY'12, while the net addition during the period stood at 4,906 people. Its total employee strength ... French knowledge can help get jobs
11 April, 2012
PUDUCHERRY: The demand for professional proficient in French is on the rise as companies are approaching Alliance Francaise in Puducherry for finding such French speaking graduates. Both Indian and French companies are seeking more and more people who have attained proficiency at a certain level, said director of Alliance Fraincaise, Fabrice Mongiat to Express recently.IT giants like Infosys, TCS, French automobile company Renault, financial company Société Générale are among those companies... Defence Manufacturing Sector can create 1 million new Jobs: CII-BCG Report
03 April, 2012
 New Delhi: It is expected that India would become the third largest defence spender after the US and China by 2014. Equipment spending by MoD increased at 15% – 20% over the last five years, and is expected to continue growing at least in the mid-term. With several large equipment and modernization programs in the pipeline, analysts are projecting an overall spend of USD 80 – 100 Bn in the next 5 years. This makes India one of the world's most lucrative markets for military products, and d...