Panasonic prepares for "garage sale", to cut 10,000 jobs
15 November, 2012
 Panasonic is planning to take 100 percent ownership of its subsidiaries Sanyo Electric and Panasonic Electric Works in a move costing up to $9.4 billion to strengthen green businesses such as electric cars and solar panels. Japan’s biggest consumer electronics maker said in a statement Thursday it will buy shares in the two companies through a public tender offer, aiming for a complete purchase by April 2011. Shares in the target companies soared while Panasonic tumbled. Panasonic Corp. al... Obama re-election not good for IT industry: Phaneesh Murthy, iGate
09 November, 2012
 BANGALORE: The re-election of US President Barack Obama is not the best news for IT outsourcing industry, according to CEO of iGATE, Phaneesh Murthy.  "Not the best news for India or the IT outsourcing industry. However, we need to understand how much of the election rhetoric continues into 2013 and that will determine the full implications to us," Murthy said.  "The concern over the deficit and jobs will continue (in the US) and in my mind, will force the sluggishness to remain in the econo... Odisha may have 30,000 new IT jobs in two years: Govt
06 November, 2012
 BHUBANESWAR: Optimistic of Infosys throwing open its second campus soon in the state, the Odisha government has estimated that 30,000 new IT jobs would be created in the next two years, official sources said. "We are optimistic about creation of 30,000 jobs in the state in next the two years," IT secretary M S Padhi told reporters after attending a review meeting presided over by Chief Minister Naveen Patnaik. While Infosys is all set to make its Info Valley campus operational soon, other IT... Infosys on major austerity drive, defers joining dates of 17,000 recruits
02 November, 2012
BANGALORE: Falling margins and an unplanned salary increase have pushed Infosys to embark on a major austerity drive. The details are not clear yet, but it certainly includes a freeze on business class air travel and deferment of joining dates of 17,000 campus recruits. The IT major's CEO, S D Shibulal, has sent a mail to employees saying that the company's expenditure for the year had risen too high on account of its Lodestone acquisition and salary increase. The mail goes on to say that the c... TCS Indore campus expected to create 10,000 jobs
31 October, 2012
 NEW DELHI: IT major Tata Consultancy Services (TCS) said it will set up an integrated campus in Indore for IT and BPO with an initial investment of Rs 550 crore in the first phase.  An agreement to this effect was signed by TCS and officials of the state government in Indore at a function presided over by Chief Minister of Madhya Pradesh Shivraj Singh Chauhan.  "Indore has the potential to become another big hub for knowledge-based industries like IT and BPO with its strong eco-system of uni... Hiring trends in India stronger than other markets, says LinkedIn
30 October, 2012
 NEW DELHI: Hiring trends in India is relatively strong than other markets around the world as nearly half of employers believe the recruitment volume this year is up from 2011, a survey says.  According to the LinkedIn Recruiting Trends survey with over 3,000 professionals/recruiters from the HR/Talent Acquisition department, of which 255 were from India, hiring in India remains healthy, despite global macroeconomic trends.  "Over 50 per cent say hiring volume is up from 2011; another 22 per... Indian companies created 50,000 jobs in US: Deputy Secretary of State
29 October, 2012
 At a time when unemployment is a major issue in the US due to its poor economic status, Indian companies have created 50,000 jobs in the country through massive investments, a top US diplomat said. "Our economic relationship is very much a two way street. Both of us are focused on attracting growth and investment to our shores. Indian-owned Tata factory in Ohio puts thousands of Americans to work, part of the over 50,000 jobs Indian firms have created in the US. Opportunities for small, mediu... Slowdown in hiring street as IT firms hit the brakes
15 October, 2012
 For the past two years, Cognizant Technology Solutions along with the Vellore Institute of Technology, Chennai, has been figuring in the Limca Book of Records for highest placements done by a single company on a single day. Cognizant had given 1,820 job offers in 2012 and 1,643 offers in 2011 to students at VIT. No longer. This year, Cognizant offered only 803 job offers at VIT, less than half of what it did last year. Accenture and Wipro however, made this gap good by offering 1,492 and 1,3... CAT 2012 starts Tomorrow, 11th October till 6th November.
10 October, 2012
In a record, 172 management schools other than IIMs have subscribed to Common Admission Test (CAT) scores this year. In 2011, the number stood close to 130. A total of 2.14 lakh aspirants have registered for the 21-day long computer-based test that will begin from October 11. CAT 2012 is being coordinated by IIM-Kozhikode. Reporting for the Test If you have registered for Session 1 (morning session), you must arrive at the test centre by 8:30 AM for security checks, identity verification and c... India is one of the highest job creators due to offshoring
08 October, 2012
 Mumbai : India created 64,370 jobs in the last four years owing to outsourcing activity. It has not only grabbed one of the largest number of offshore projects in the world, but remains one of the most attractive locations for conducting offshore business activity in the South East Asian region, jut behind Philippines. Tom Carroll, Director-Corporate Research (EMEA), Jones Lang LaSalle said that international corporations are increasingly focused on productivity, operational efficiency and fu...