More than 150,000 people working at the 5,500-odd auto ancillary units in and around Pune feel lost every time Tata Motors announces a block-closure of its commercial vehicle plant in Pune.
The Indian arm of the Union for Information & Technology Enabled Services is planning to file a public interest litigation against the alleged 'arbitrary policy' of many Indian and multinational IT/ITeS firms in India who have, for the past two months, reportedly been enforcing longer working hours that violate the daily eight-hour working mandate of the Indian Factories Act, 1948.
After going through a series of mergers and acquisitions, Mindteck, a Bangalore-headquartered IT services company, is looking to consolidate its various businesses which will see more work being moved offshore, to locations in India.
Auto component companies -- especially the mid-size and small ones -- are facing an uphill task to stay afloat as banks have become tight-fisted in giving credit and vehicle makers are cutting orders to combat the slowdown in sales.
Recruitment-related HR executives are being moved to other HR functions like training and development and other day-to-day HR functions, or being taken on contract. If things worsen, there could also be layoffs. Companies like Wipro, Infosys, TCS and iGate, too, have a mix of contractual employees in their HR team.
Having successfully completed the $13.9-billion acquisition and merger of IT consultancy EDS a few months ago, IT services giant Hewlett-Packard is now taking steps to integrate both organisations.
Based in Aurangabad, the Rs 450-crore (Rs 4.5 billion) Bagla Group is involved in aluminium casting business and delivers shafts and spindles to firms such as Bajaj Auto, Lamborghini and Piaggio.
The deal values the stock exchange at $3.3 billion.
Bangalore-based IT outsourcing services provider MphasiS, an EDS company, is reducing hiring plans by almost 50 per cent.
Sources in Greenpeace said the representatives of different environmental NGOs are meeting Tata Steel MD B Muthuraman next month. Despite the allegations from various quarters that it has twisted facts and forged reports about the presence of rare Olive Ridley turtles near Dhamra coast in Orissa -- the site where Tatas with partner L&T are developing Rs 2,400-crore (Rs 24 billion) port -- global environmental NGO Greenpeace is bracing for its next phase of action, which may w
The company is in talks with a few private banks and has signed on Citibank as one of the bankers to raise these funds, said sources. HCL Technologies and Citibank declined to comment saying that 'they do not comment on market speculation'.
IMT, which already has a centre in Nagpur other than Ghaziabad, is planning to open its third centre in India. It has been allotted 30 acres of land near the new international airport in Shamshadabad.
Cisco works with a number of IT vendors such as Wipro, HCL, IBM and Datacraft as its tier-I partners in India who provide a lot of value-added services on the top of Cisco's solutions and services. Besides, Cisco has over 100 partners in tier-II cities, who provide network level services to the company's SME customers.
Global IT firms are taking a cue from consumer firms, which revolutionised marketing tactics in the FMCG segment with the shampoo-in-a-sachet concept by appealing to semi-urban as well as rural consumers.
Poor infrastructure and unavailability of broadband are major reasons why Indians have not taken to Second Life in a big way. Besides, the time zone of Second Life is more attuned to the US, which is another issue for Indians wanting to hook on to this world.
The June quarter turned sour for MindTree as forex losses pushed the company into the red despite logging strong growth in revenues.
Infosys Technologies generates over 60 per cent of its revenue from the US, which is witnessing a slowdown. A falling rupee did help the company tide over the quarter, and S Gopalakrishnan (popularly addressed as Kris) says that new opportunities, geographies and centres of excellence will have to be balanced against billing cycle delays and other pitfalls of the market.
Firms are flooded with credit crisis-related litigation jobs from American law companies.
Warning bells are ringing on Bangalore's future as a leading BPO destination. It is not a full-blown crisis yet but the portents are disturbing, according to a cross section of industry, human resource and real estate experts.
Automobile giant General Motors will invest Rs 1,000 to Rs 1,200 crore (Rs 10-12 billion) to set up a power train (engine and gear box) manufacturing facility at its Talegaon Plant near Pune.
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