The ongoing placement season at the Indian School of Business in Hyderabad is seeing some undercurrents of slowdown and recession.
US-based independent IT management software company CA Inc's India Technology Centre (ITC) at Hyderabad is in the process of filing 12 patents with the US Patent Office, said Lokesh Jindal, outgoing senior vice-president of the centre.
According to Sud, MYNL had sold most of its holding in Satyam immediately after the IT major made an aborted bid to acquire Maytas Infra and Maytas Properties for $1.6 billion on December 16, 2008. MYNL still holds 6,000 equity shares of Satyam.
The government on Tuesday moved the Company Law Board to remove the current directors of Maytas Infrastructure and Maytas Properties from their respective boards and declare them ineligible for appointment as directors of any other company. The CLB will consider the matter on February 24.
There were also reports that the board might opt for an open bidding process, which will bring in the much-required funds into the company. The board will also insist that only companies with a good track record can bid for the company. However, this could not be confirmed.
Infotech is targeting firms that have the right set of skills and nearness to customers in the US, besides looking at companies that will help increase its competency in terms of delivery in China, Romania, India and Russia in the areas of geographic information systems and engineering within the design space.
The scam-tainted Satyam Computer Services appears to be gearing for action after almost a month of uncertainty.
Last week, the 20-hectare zone had got embroiled in a controversy amid reports that the state government was taking back the land. This was after allegations that the land was allotted in an unfair manner. But Chief Minister Rajasekhara Reddy said the government would not cancel the allocation as the company was "sound."
After waiting for months for Satyam Computer Services to honour their job offers, several wannabe Satyamites finally landed at the scam-hit company's headquarters in Hyderabad to get an assurance on their jobs. Satyam has been the preferred choice for many students and colleges alike. But over the last couple of years, the company has either reduced the intake or stopped going to institutes for recruitment. The company usually recruited in advance anticipating new projects.
ISB is in the process of framing guidelines on the proposed initiative. It will also approach companies for supporting the students. There is also a proposal to provide grants to the entrepreneurs. However, this is still in nascent stages.
Employees of the beleaguered Satyam Computer Services are now finding it difficult to get personal loans or pay back equated monthly instalments. Even their credit card limits have been reduced by almost 80 per cent since banks have become stringent following reports of the severe cash crunch at Satyam on the back of the admission of a financial fraud by the former company chairman Ramalinga Raju.
HEC will be developed by the Ras Al Khaimah Investment Authority of UAE in association with APIIC. The government gave the land to APIIC at Rs 16 lakh (Rs 1.6 million) per acre, AP's information and public relations minister said after a cabinet meeting. The investing agency had sought 2,000 acres for the HEC. The remaining land would be given in due course, an APIIC official said.
Meeting agenda to go beyond buyback.
"There are 4.55 million broadband-connected SME PCs, of which 13 per cent are expected to be the hosted exchange opportunity. Email is expected on every fourth phone to be sold in India in the next four years. Enterprise customers now want to access email, calendar, attachments and more wherever they are, on choice of their device --a big opportunity for telcos, Internet service providers and systems integrators," said Dayakar Puskoor, executive chairman, GlobalOutlook.
The Annual Tax Survey by Right Horizons, an investment advisory and wealth management firm, shows that financial planning among salaried individuals is by and large conspicuous by its absence.
NFL had two branches in Kolkata and both of them downed their shutters in 2001.
About 81 per cent of employees in India have confidence in their organisations, reveals a recent research conducted by the Kenexa Research Institute (KRI).
Spencer's Retail, the retail arm of RPG Group, says it has seen a 30-40 per cent decline in the rentals in Tier-II and -III cities. In Tier-I and metropolitan cities, the correction is in the range of 15-20 per cent, and a further correction and its impact is likely to come in the next few months.
The centre will have a computer room with 20 PCs with Internet capability, a music room comprising instruments like drums, tabla, guitar, sitar, harmonium and synthesiser, and a library room with books and CDs ranging from academic, entertainment and general knowledge.
The Government Girls' High School at West Marredpally in Secunderabad turned a new chapter six months ago when it became a part of the 50x15 global campaign, which intends to provide net access to 50 per cent of the unreached by 2015.
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