In a bid to focus on testing, software and documentation, Dell India is integrating its hardware research and development (R&D) activities with its R&D units in Austin and Taiwan.
The highest-ranking female executive in Motorola's nearly 80-year history, Indian-born IITian Padmasree Warrior, has now joined Cisco as its chief technology officer (CTO) after spending over two decades at Motorola.
They reason that hiring locals abroad -- where they have 'near-shore' (with proximity to the client) development centres -- would help them tap local markets and serve global clients better, win more deals and goodwill in those countries, besides scoring brownie points with the US in an election year (over H1-B visas).
Wipro has already screened hundreds of applicants through video kiosks it has set up at three of its campuses - two in Bangalore and one in Chennai. The company shortly plans to extend this concept, and install over 1,000 video phones at all its 20-odd campuses across the country. Each campus accommodates over 2,000 people.
In an attempt to shed its image of being just a networking company, Cisco India will be launching a major brand repositioning campaign in India during the first quarter of 2008. It will include an outdoor, print and electronic media and web advertising campaign by OgilvyOne.
The asssumption is based on the fact that an investment of nearly Rs 34,021 crore (slightly over Rs 90 crore a day) has contributed to an increase of Rs 5,71,874 crore (over Rs 1,500 crore a day) to the GDP in fiscal 2006-07, according to a new report by Frost & Sullivan.
Indian IT companies such as Tata Consultancy Services (TCS), Wipro, Infosys and Satyam, besides MNCs such as IBM, are working towards becoming carbon neutral while simultaneously converting their expertise in this area to help global companies become environment-friendly.
The technology is in place and operators are waiting for the green signal.
The Hinduja Group plans to enter the financial services space in India with a bang. Apart from plans to set up life insurance, non-life insurance and asset management companies, the group is also working towards areas such as wealth management, broking and portfolio management services. The group has finalised its partners for setting up a holding company, which will have three business arms offering wealth management, broking and portfolio management services.
The credit goes to a wholly-owned subsidiary of Tata Sons - the Computational Research Laboratories (CRL). The main people behind the super achievement are N Seetha Rama Krishna (Project Manager), Sunil Sherlekar (Head, Embedded Innovation) and Ashwin Nanda (who heads CRL) besides, of course, Ratan Tata himself and CRL Chairman S Ramadorai, who is also the CEO & MD of Tata Consultancy Services (TCS).
Neeraj Bhargava, CEO of Mumbai-based business process outsourcing (BPO firm) WNS Global Services, and his team have voluntarily decided to forfeit their bonuses if they are not successful in getting the attrition rates below 30 per cent. This is probably the first such move of its kind in the industry in which attrition has become a critical issue. WNS has over 15,000 employees, and its current attrition rate stands at 43 per cent.
Google has unveiled an ambitious strategy that will make cellphones cheaper and speed up internet surfing. Google's director of mobile platforms, Andy Rubin, said in a telephonic conversation from the US that the new platform called Android should reduce the prices of today's $500 smart phones to around $100-150 in a year or so. "If there's ever a Gphone, it will be built on the Android platform," he said.
Farmers will no longer have to wait endlessly for claiming their payments from the government.
Mobile TV -- basically an application that enables television services on handhelds such as mobiles, handheld TVs, car TV, GPS terminals, game devices, laptop PCs, and other portable devices -- is a step closer to seeing the light of day in India.
The total number of Indian agents registering with the Million Dollar Round Table (MDRT), a prestigious international trade association of insurance agents, has more than tripled to 1,931 agents for 2007 compared with 532 in 2006. To qualify for the MDRT, an Indian insurance agent has to get a premium (read business) of Rs 23.92 lakh to his insurance company or earn a commission of Rs 5.98 lakh.
Unlike the first quarter of FY08 when Indian IT small- and mid-caps were hit hard due to a nearly 7 per cent appreciation in the rupee against the dollar, the July-September period was relatively kind to these firms. It spared them to some extent, since the rupee appreciated around 1.5 per cent over the period. However, the rupee rose around 12 per cent against the dollar over the last 12 months.
In fact, while IT bellwether Infosys Technologies (his earlier employer) got a drubbing at the bourses for not posting "better than expected" results, iGate stumped investors a couple of days back by announcing it plans to buy back shares from the public and delist from the Indian stock markets, while remaining listed in the US.
Analysts expect that Bharti Airtel, Reliance Communications (RCom) and Idea Cellular will post over 50 per cent annual growth in revenues (year-on-year) and more than 10 per cent sequential growth (over the previous quarter). Bharti continues to lead in the subscriber addition race (2.1 million in August).
IBM's attempt to patent a technology that would help companies to figure out which jobs to send overseas getting a quiet burial. The company today confirmed that it has withdrawn its patent application for "outsourcing of services" which it had filed on July 12 this year.
It's for the first time that someone from the industry will hold the position of president at Nasscom.
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