Three major undersea cables -- the Sea Me We 4, Sea Me We3, and FLAG -- were cut, considerably slowing down India's internet and voice traffic. The extent of the damage is still being assessed.
If implemented, this will be music to the ears of shareholders and analysts who have been insisting that Satyam would be better off returning money to shareholders.
With the executive search business declining by 40-50 per cent, recruitment companies are on a serious cost-cutting drive
The crux of the problem it appears is one of "trust" and the perception that a unilateral decision was taken by the board, allegedly to favour Raju's sons' companies.
Firms like MphasiS believe in an inclusive workplace, providing equal opportunities to all.
The last couple of months have dealt a severe blow to IT firms, which has even prompted the top listed Indian IT services providers to inform investors that they need to scale down their growth expectations from the sector that, on an average, has been growing almost 30 per cent year-on-year.
It all started with the advent and success of smaller laptops or netbooks, as they are called, in June 2008. Now, Indian and multinational PC makers like Asus, HCL Infosystems and Wipro are ready to give a push to the retail sales of even smaller desktops or Nettops, based on Intel Atom processors. Others like Dell, HP and Lenovo are expected to follow.
Terrorist attacks are becoming increasingly sophisticated and consistently exploiting India's gaping security loopholes -- both on terra firma and in cyberspace. Yet, India's seriousness about electronic surveillance as a preventive measure appears to be woefully inadequate.
Companies say it helps them save on consultant fees and reduces the recruitment life cycle. Companies pay consultants close to 20 per cent of the annual package of a person provided by them as their fee; incentives paid to the company's employees for bringing a candidate is comparatively paltry. Besides, companies believe the buddy system gets them the right person who is in sync with their culture, which becomes more significant in turbulent times.
"While telecom operators may get a licence for spectrum and have the money to build networks, they may not necessarily have the management skills. We are in talks to explore possibilities of knowledge transfer and help operators build capacities by lowering entry barriers," said Barry West, CTO, Sprint, and president, Xohm. Globally, Sprint is not doing well. It is now banking on WiMax to boost its revenues.
The ongoing downturn has forced firms to cut back on advertising expenses. The banking, financial services and insurance segment (BFSI) has cut advertising budgets by nearly 40 per cent.
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.
Talks between production houses, cine workers union inconclusive, no fresh content for broadcasters.
Indian political parties could learn a few lessons from the digital media campaigning chapters of the US Presidential elections.
Most travel agents in India have refused to levy the transaction fees of Rs 350-10,000 on air passengers.
TRAI's recommendation to allow news and current affairs on private FM radio, which is awaiting the formal nod of the I&B Ministry by the year end, has not brought much cheer to radio players.
Media-buying and advertising agencies are a worried lot. The last quarter was bad for them with overall advertising, across all media, dipping by 10-20 per cent.
Travel portals have started to tie-up with online shopping portals and offline retail outlets to jointly promote their value-added offers as shopping portals gather huge traffic around festival time. They reason it will help them tide over the current lean phase in the economy.
With India's two leading IT outsourcing companies, Infosys and HCL Technologies, vying to acquire the UK-based consulting firm Axon, SAP implementation is back in focus.
Eyeing to make 8 buys to meet their revenue guidance.
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