Wipro, the information technology to soaps conglomerate, says it is unlikely, at least for now, to file a formal complaint against the employee who recently siphoned off around $4 million (around Rs 18 crore) from the company's bank account by accessing a colleague's password.
Economists forecast the benchmark food price indicator to slip to 12 per cent in near future
Annual food inflation has picked up for the second consecutive week, with the food price index rising 17.56 per cent in the 12 months till January 23, higher than an annual rise of 17.40 percent in the previous week, data released on Thursday showed. What may, however, lift spirits a little is the fact that the prices of pulses, a major contributor to spiralling food inflation, have declined over 40 per cent from their peak, on the back of rising arrivals and imports.
In the past two years, high-end luxury watch brands have grown by 20-22 per cent, as against 7-8 per cent growth in low-end watches.
This will also apply to those working temporarily on onsite projects.
The country has generated an additional income of Rs 10,000 crore (Rs 100 billion) to Rs 12,000 crore (Rs 120 billion) annually because of its higher yield, J N Singh, joint secretary in the Union textiles ministry, told Business Standard.
The Gems & Jewellery Export Promotion Council (GJEPC), the apex body set up by the Union ministry of commerce to monitor the jewellery business overseas, says it might call for pulling out of the diamond cutting and polishing business in China.
Diamond cutting and polishing industry had laid off over 20 per cent of its skilled labour (total estimated strength is one million).
The contract, according to the sources, include two different components - one for mainframe and IT infrastructure support and management.
Swaminathan D ('Swami' Swaminathan), the current COO and senior vice president of Infosys BPO, is now the CEO and MD.
Over 100 people, including 20 senior consultants and at least six VPs, have quit Infosys in 6 months.
Decline in planting of cereals across the world may lead to volatile food prices next year, the Food and Agricultural Organisation (FAO) of United Nations has said in its latest report.
The ripples of inflexible labour laws and active labour unions -- which affected information technology outsourcing by European countries, especially France and Germany -- are now being felt in the Nordic region, too. Recently, protests by the staff union forced Handelsbanken, a leading Swedish bank, to award the IT outsourcing contract to a local company after cancelling plans to award the contract to an Indian Tier-I vendor.
Walmart has selected three IT vendors in India -- Infosys Technologies, Cognizant Technology Solutions and UST Global -- for multi-year contracts worth over $600 million (around Rs 2,750 crore).
Narayana Murthy, chairman and chief mentor of India's second-largest information technology services provider Infosys Technologies, has asserted that he has set up the Catamaran Venture Fund to occupy himself once he retires from Infosys in 2011.
Infosys, for long, had been trying to strengthen its consulting practice as clients are now asking for more advisory-related work. Consulting and enterprise solution business together constitutes about 25 per cent Infosys' business today.
SMS messages can be easily wiretapped from outside the network operator's environment using equipment available in the black market.
Infosys Technologies has decided that its staffers must have at least six years of having worked on technology responsibilities before being asked to head a project.
The heritage brand's journey from Bond Street to Sarjapur Road will give a facelift to Wipro's fast moving consumer goods portfolio.
Owing to erratic monsoons this year, the kharif grain output is projected to fall 18 per cent to a seven-year low of 96.63 million tonnes against last year's 117.70 million tonnes.
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