Even as Karnataka plans to invest Rs 3,716 crore over the next 3 years to provide dedicated railway connectivity to the new international airport near Devanahalli from the city, experts feel that the Indian Railways' network in and around the city can be utilised to ferry passengers at a fraction of the cost. This network offers an intermediate solution that can ease some of the load from the highway.
With a US slump likely, semiconductor firms - particularly the global companies operating captive design centres in India - are expected to hire fewer engineers in the next financial year. More than 50 global companies, mostly from the US, operate captive design centres or offshore development centres, partnering Indian firms. More than 50 per cent of the Indian semiconductor firms are dependent on the US market for revenue. Hence, on-campus hiring will see general slowdown.
The move, alleged employee sources, started somewhere in mid-January. While at least 80 employees were asked to resign over the past week, one company source asserted that as many as 300 employees were being asked to leave. The company, however, dismissed the employee allegations as pure speculation.
Faced with imminent recession in the United States, Indian IT services companies might take this step from April 1, 2008.
IT services provider Collabera, formerly known as Global Consultants Inc (GCI), plans to significantly increase its presence in South India by opening more delivery centres over the next two years.
The country's largest apparel exporter, Bangalore-based Gokaldas Exports (2006-7 turnover Rs 1,045 crore or Rs 10.45 billion), sprang a surprise last year when leading global private equity firm Blackstone acquired a 50.1 per cent stake in it.
This is the first time that the company has acquired land on its own without seeking the assistance of the state government's land acquisition agency, Karnataka Industrial Area Development Board.
Wipro Technologies, which runs the global IT business of the IT-to-soaps conglomerate, is looking to increase its business from Japan and the Asia-Pacific (APAC) region. It sees a strong demand for intellectual property (IP) in areas such as semiconductors, System on Chip (SoC) and Radio Frequency Integrated Circuit (RFIC) design coming from Japan and the APAC region, which is emerging as the new growth engine of the world.
Encouraged by their progress, many small IT firms are now exploring tier-III cities such as Udupi, Manipal, Hubli and Belgaum in Karnataka, Kozhikode in Kerala, Tirunelveli in Tamil Nadu, Jaipur in Rajasthan, and Durgapur and Kharagpur in West Bengal.
Research is being done in India to improve the power efficiency of devices.
With the Centre issuing the guidelines of the new semiconductor policy, companies are firming up their investment plans in India to set up plants.
Unlike IT services companies, which require a large workforce, an average semiconductor design firm needs 150 engineers
Techies consider onsite posting rewarding because the difference between offshore and onsite packages is more than three times. Besides, onsite employees are given special allowances for working late hours, transport, medical costs and insurance.
Govt fighting 40 cases on six-lane approach road.
The Indian product market, worth $110 million in 2004, is expected to be $1 billion by 2015.
Its wireless connectivity is based on pay per usage of bandwidth, using SRIT's product DynaRate, which enables users to demand bandwidth on a real-time and dynamic basis.
Infosys will be taking over the subsidiary along with all the costs in the similar manner that TCS had acquired the operations of the Pearl Group in the UK.
The initial focus of the hub will be to formulate marketing strategies and create marketing deliverables for print and online.
More and more domestic companies are setting up business process outsourcing units in district headquarters, tier-III cities and non-IT clusters to save on real estate costs and stem attrition rates.
Altair Engineering, specialising in advanced engineering software and grid computing technology, is betting big on India for growth.
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