The suggestion for this special pay was part of a memorandum that the All India IIT Faculty Federation submitted to the Ministry of Human Resources and Development (MHRD) on August 23, stating that the pay structure proposed is unacceptable and a threat to the IIT system.
Targeting a combined revenue of $100 million, Applabs Technologies, eSolutions and VisualSoft Technologies on Friday announced that the three companies plan to merge together.
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