The Bangalore Chamber of Industry and Commerce (BCIC), which represents the medium and large industries in the state, has urged the Karnataka government to come out with a state-specific relief package for the industrial sector including announcement of a one-year interest free loan scheme to industries.
IITians need to play a larger role in nation building and contribute to society. This could vary from mentorship, creation of jobs and broader wealth creation, said Nandan Nilekani, co-chairman and co-founder of Infosys Technologies Ltd, during the weekend.
Independent research firm Forrester Research has in its latest tech market report titled 'US IT Market Outlook: Q4 2008' revised its 2009 US IT spending forecast.
The study, the details of which the company executives highlighted here on Thursday said, an average employee fritters away 5.3 hours in a week in doing internet surfing, not related to business. The employee productivity loss in manufacturing was 4.2 hours/week, said the report.
The infrastructure sector, however, felt the package was insufficient and wanted additional measures. "The government's package is inadequate. We expected at least $20 billion relief package, giving emphasis to the infrastructure sector.
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 Mumbai terror attacks have once again put Indian IT and business process outsourcing firms on high alert. Over the next four to five weeks, many of these firms plan to meet or video-conference with their clients to update them of the country's security scenario.
India Health Card works similar to a debit card. The NRIs are required to load funds onto the card through the Internet and then use it to receive healthcare services from healthcare providers in India. If a patient's health care provider is not a part of the IHC network, IHC will contact the concerned provider and explain the no-fee registration process. The beneficiaries will also receive service at a discounted rate by using the card.
The US-based global financial company is understood to have shown a "keen interest" in helping the hospital, which has 140 acres in its land bank, to unlock the value of its real estate assets.
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.
As a part of this strategy, the company is rolling out its first brand campaign in India roping in real-life business heros and entrepreneurs to endorse its products, especially targeting the small and medium businesses. This is in a slight change in its marketing strategy which was earlier largely focussed on the large enterprises.
While the company does not report segment results for the foods business until a specific vertical reaches a threshold limit, its entire FMCG business during the last financial year has reported revenues of Rs 2,523 crore. The food segment, which is still in the investment mode, crossed the Rs 1,000 crore revenue mark in FY 08 and is losing on an average close to Rs 60 crore on a yearly basis, accumulated losses of Rs 700 crore over the past seven years.
'Credit restrictions and the lack of liquidity caused by the crisis could lead to a reduction in supply. While coffee fundamentals remain in a tight balance, the price outlook in the short run is likely to continue to be dominated by the instability of world financial markets,' said Nestor Osorio, executive director, ICO.
Air India has announced that it will be adding to the seamless transfer facility to passengers from Bangalore travelling to international destinations like New York, Newark, London, Frankfurt and Chicago by introduction of a new hub and spoke flight between Bangalore and Mumbai from October 26.
The deal values the stock exchange at $3.3 billion.
The Ahmedabad-based company plans to collaborate with local garage owners in installing battery charging stations at a radius of around three kms. Delhi, Mumbai, Chennai and Bangalore are some of the cities identified for setting up battery stations. The initiative is planned to be implemented during the first quarter of 2009.
Airlines have been conducting fuel efficiency analysis, which involves fuel calculations on a daily basis, based on the availability of optimum routes in terms of wind, flight levels and overflying charges, route rationalisation to prune the number of flights and increase utilisation. They also want the Centre to grant ATF a declared goods status, which would result in a uniform levy of 4 per cent sales tax at the state level.
The company's operations will be carried out from its facility at Divyashree Park SEZ in Whitefield, Bangalore. Initially, the company plans to recruit about 20 persons to begin operations and gradually increase the strength to 150 to 200 by end of first year of operations depending on the projects to support Gensler requirements.
This, says Greenpeace, is necessary because most computers and other gadgets during their dismantling land up in the hands of people who do not have the knowledge to handle them. They often burn the printed circuit boards to recover metals and this releases toxic fumes of dioxins and Gullet that are poisonous, and carcinogens. Greenpeace has called for manufacturers to clean up their act and take back their products for its final disposal in an environment-friendly manner.
Jim Voelker, Chairman and CEO, InfoSpace, Inc said, "India's high growth and depth of technology talent make it an exciting location to expand our global research capabilities." The Bangalore centre which has close to 20 people now, will ramp up in size in due course, according to company sources. It will focus on enhancing the development and delivery of InfoSpace's consumer products and business solutions.
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