Indian IT Industry To Hire 200,000 For FY13

For the financial year 2012-2013, the industry will hire around 200,000 of which 100,000 students have already received offer letters. The industry would end FY12 by hiring 230,000.

Exit Policies Find Favor with Companies

A survey has found that employers are setting great store by exit policies, with almost 92 percent adhering to them strictly.

Spurt In U.S. Work Visa Denials To Indians

A report by a U.S. think tank said the rate of rejection of work visas was the highest for India-born professionals compared to other nationals in the past four years.

Grouse Against Boss Common Among Employees

A survey has found that employees across the globe feel bosses are ineffective and lack empathy, with some even lacking leadership skills.

Pepsico To Sack 8,700 Employees Worldwide

PepsiCo will cut 8,700 jobs across 30 countries as part of a cost-saving programme.

Survey: Indian CEOs Upbeat On Growth Prospects

The 15th Price water house Coopers Annual Global CEO Survey found that Indian CEOs were much more confident of delivering growth in the coming one to three years compared to their global peers.

IT Expects Growth, Salary Hikes To Shrink In FY13

IT companies pared estimates of growth and wage hikes in fiscal 2013 within the 8 percent to 10 percent range, against 10 percent to 12 percent expected in 2011-12.

Cognizant Shuffles Top Management

Cognizant Technology Solutions has expanded its senior management team. Gordon Coburn has been promoted as president

66% IITians Prefer Jobs Related To Their Fields

Nearly 40% of students surveyed from those graduating from the Indian Institute of Technology-Bombay (IIT-B) this year said they were reasonably satisfied with job offers they had got.

ICICI Bank Staff Shrinks By 1,300

Sources said the reduction happened across business areas and was the highest at the junior levels.

Indian stock indices which posted their first weekly fall this year may see some more profit booking in the coming days on renewed worries over rising global oil prices, say analysts. Weighed down by profit taking, the BSE benchmark Sensex broke 7-week

Oracle Corp. cleared up some of its cloud ambitions announcing that it would merge its human resources offerings with services offered by Taleo Corp.

India Lags In Managerial Practices

India and China scored a low rating in a U.S. study which evaluated management practices of organizations

Domestic Recruiters Save The Day For B-Schools

The global economic scenario is prompting premier B-schools such as the Indian Institutes of Management (IIMs) to look at the domestic market for recruitment.

India Lags In Women's Socio-Economic Parameters: Mastercard Study

MasterCard study on the socio-economic development of women has placed India at the bottom of 14 Asia Pacific countries.

Nine Indian women in Forbes Asia power list

Forbes magazine has named nine Indian women in its “Asia Power Businesswomen list”.

2G Verdict: Going Gets Tough For Telco Employees

The telecom job market has taken a beating post the Supreme Court ruling on 2G licences. New players such as STel and Etisalat DB have decided to exit and are laying off staff.

Overseas B-Schools Tap Executive Education Market

Harvard Business School (HBS) has become the latest to add an address in India for its management programs.

'Focus needs to be on software product business’: Polaris CFO

Sustained efforts to position India as an IT software product player is where I see potential for the next wave of growth, says S R Ramaswami, President and Group CFO, Polaris Financial Technology

Vocational Training Prospects Improve

IndiaSkills Consulting Adviser Hari Menon expects seamless linkage between vocational education and degree-based higher education in five years.

Corruption And Scams, Not Jobs, Worry Indians Most

An Ipsos study found that 71 percent of Indians regarded corruption and financial or political scandals as their biggest worries.

I-Bank Jobs: Financial Institutions Pick Up Slack

With overseas firms shedding jobs, financial institutions are soaking up talent for their investment banking teams.

Infosys To Hire 1,000 Engineers In R&D

Infosys is planning to add 1,000 engineers in its product R&D centre in the next two years, doubling the headcount

Optimism In The Economy Highest Since June

A McKinsey report says that for the first time since June, executives are more optimistic than pessimistic about their national economies.

Contract Staffing Gains Popularity In IT

IT firms are hiring staff on a contract basis as demand for niche talent increases.

Media, Entertainment Face Manpower Challenge

The rapidly growing Indian media and entertainment sector needs to focus on manpower development.

Small Towns Emerging As BPO Destinations

Growing costs and higher attrition rates are prompting many global BPOs to set up shop in smaller towns.

India’s exports up 21% in 2011-12

India's exports rose an annual 21 percent to $303.7 billion for the fiscal year 2011/12.

Citi CEO Vikram Pandit, directors sued

Citigroup Inc Chief Executive Vikram Pandit and the bank's directors have been sued by a shareholder accusing them of awarding outsized pay to top executives.

Infosys: After increment freeze, now comes steep cut in variable pay!!

Infosys will tell restive employees angry about a salary freeze that it will make steep cuts to their variable pay for the January-March quarter, risking an exodus of talent to greener pastures.

IT Recruitments Set To Top 1 Lakh

Recruitments are showing an upward trend in IT, with top companies announcing close to one lakh job openings in 2012-13.

Microsoft India Retains Most Attractive Employer Tag.

Microsoft India has been voted the most attractive employer for the second year in a row, Hindustan Times reports.

Attrition In IT Hinges On Projects, Hiring

HCL Technologies, the fourth largest IT firm by sales and profitability, had the highest attrition at 15 percent among Indian IT companies.

HSBC Lays Off 750 In De-Layering Exercise

Lay-offs have struck HSBC employees in large numbers, with the axe falling on more than 350 employees at its centres in Pune and 200 in Hyderabad.

Wipro To Shed Mid-Level Staff, Make Cultural Changes

Wipro is planning to trim positions at mid-management and make sweeping cultural changes to stay on the growth track. CEO of IT business TK Kurien said the company required the shift.

E-Commerce Picks Up Top B-School Talent

Students of premier B-schools and engineering colleges are eyeing openings in the e-commerce sector. The sunrise sector has grown phenomenally in the last one year.

TCS To Boost Numbers By 50,000 This Fiscal

Tata Consultancy Services (TCS) will be hiring 50,000 employees in 2012-13.

Squeeze On Margins To Keep IT Salary Hikes Down

Faced by margin pressures, IT companies may now give only single-digit increments, compared to 20 percent to 30 percent a few years ago.

Reliance Infrastructure Names CEO, EPC Biz Head

Reliance Infrastructure has named Lalit Jalan CEO and SC Gupta chief of engineering, procurement and construction (EPC) business.

Survey Highlights Desperation To Work From Home

A poll conducted by online communications provider TeamViewer found that people are ready to give up a lot, from spouses to daily showers, to be able to work from home.

India Stays Ahead In Consumer Confidence

India remained the most optimistic market in terms of consumer confidence in a Nielsen survey, but there was still some caution on the spending front.

Low Hikes May Drive Attrition Up To As High As 31%

Attrition rates are likely to be as high as 31 percent during the June quarter as employees unsatisfied with annual salary hikes would look to switch jobs.

IIM Indore Student Gets Rs 53 Lakh Offer

The final placement for the class of 2012 at the Indian Institute of Management, Indore, saw a Singapore-based infrastructure advisory firm making an offer of Rs 53 lakh per annum to a student.

Lufthansa To Cut 3,500 Jobs To Reduce Costs

Lufthansa airlines will cut full-time jobs in administrative departments worldwide over the next few years.

Realignment Spells Role Change For 90 General Motor Techies

GM is moving 90 employees at its India Science Lab to its Bangalore-based Technical Centre.

India, China New Job Destinations For Westerners

India and China hold immense opportunities for professionals from the West, according to Nirmalya Kumar, professor of marketing at London Business School.

Euro Zone Jobless Rate At 15-Year High

Unemployment in the euro zone reached 10.9 percent in March, the highest in 15 years.

CII Asks FinMin Not to Hike Excise, Service Tax

Industry body CII asked Finance Minister Pranab Mukherjee to retain the current rates of excise and service tax in the Budget to boost investments.

Parliament approves 1st part of Budget; FM to relook at tax on unbranded jewellery

Parliament today approved the first part of the Budget with Finance Minister Pranab Mukherjee

India's Forex Reserves Rise to $293.44 Billion

India's foreign exchange reserves increased by $55.8 million to $293.44 billion for the week ended Feb 17 due to increase in foreign currency assets, Reserve Bank of India (RBI) data showed.

Tech Mahindra Values Satyam at $1.8 Billion in Purchase

India’s Tech Mahindra Ltd. (TECHM) will buy Satyam Computer Services Ltd. (SCS) in a stock deal that values the target at $1.8 billion to form the country’s fifth-largest software services company.

Coal scam puts UPA in dock, CAG says Centre lost Rs.10.67 lakh crore

The scam-ridden UPA government is caught in another scandal related to allotment of coal blocks giving 'undue benefits' to scores of companies causing a huge loss of Rs 10.67 lakh crore to the nation'

Avoid Sharp Difference in Rates on Similar Term Deposits: RBI

RBI has asked banks to avoid offering sharply different rates on deposits with similar maturities, saying that something is wrong with lenders if their retail and bulk deposit rates vary too much.

Extension of Tax Waiver to Private PF Trusts Likely

With some 46L employees facing threat of losing I-T waiver on retirement benefits,the government indicated that the I-T exemption to about 2400 private PF trusts would be incorporated in 12-13 budget

Facebook Makes Rs 1.34 Cr Offer To Kanpur Student from MNNIT

Facebook Makes Rs 1.34 Cr Offer To Kanpur Student from MNNIT

Indian Engineers Least Global Among BRIC Peers

Indian engineers at bottom of BRIC layer.

Global firms 'may rethink India' over tax proposal

Global firms 'may rethink India' over tax proposal.

SBI to Cut Rates After RBI Policy on April 17

State Bank of India (SBI) on said that it would decide on cutting lending rates based on the announcements made by the Reserve Bank of India (RBI) in its annual monetary policy on April 17.

Govt Aims to Raise India's Share in Global FDI to 5 Percent by '17

The government plans to raise India's share in the global foreign direct investment (FDI) to 5 percent by 2017 by streamlining policies for attracting investments.

Vodafone steps up tax row with India

Vodafone has threatened to take India to international arbitration over planned retrospective tax legislation.

RBI role in reining in rupee slide limited: Subir Gokarn

The Reserve Bank of India's role in protecting the rupee's slide is limited despite some anti-market measures.

ITC shares recover; Citi raises target price

Cigarette maker ITC gains 2.9 percent to 233.50 rupees, after slumping 8.9 percent over seven consecutive sessions of declines.

Retail chains: Shape up or ship out

Many retail chains are restructuring their businesses. Some have cut down expansion, while others have shut down loss-making stores, and many others plan to exit.

IT sector slowdown fears are for real, believes Street

Going by the growth forecasts given by IT vendors for the coming quarters, the sector may see back-ended growth this fiscal.

Ebay to open a new development centre in Bangalore

eBay has just announced that it’s opening a new development centre in Bangalore.