Terminates services of over 600 contract workers in February.
HP employs around 60,000 people in India, including former employees of EDS, which it had acquired for $13.2 billion in May last year. However, a good number of EDS India employees who were transferred to HP India will not be so lucky, industry sources said. "HP CEO Mark Hurd's plan to effect pay cuts between 2.5 per cent and 5 per cent will affect all EDS employees who were moved to HP," an industry source added.
Anticipating weakening demand from the US market, coupled with pricing and margin pressures in the fourth quarter of the current financial year, Infosys Technologies will look at slashing variable pay-out to its employees.
Come January, employees of IT services company MphasiS could be in for an off-schedule New Year surprise -- a 20-40 per cent salary cut across the board.
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.
Bharat Electronics, the navaratna public sector under the ministry of defence, is planning to recruit 400 engineers additionally during the current financial year to augment its technical capabilities. The move is aimed at keeping in tune with the company's futuristic growth outlook.
Apple's next killer application for the iPhone could justify its price-tag among the harshest of critics. The iPhone has had something for every user, but to take social networking to the next level, the services of a Bangalore firm were needed.
Envirofit International, an US-based non-profit organisation, has introduced a range of clean-burning and biomass-based cooking stoves , which are reaching homes in rural Karnataka, Tamil Nadu and Kerala.
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.
Intel Capital, the investment arm of Intel Corp, is seeking further investment opportunities to support its WiMax (Worldwide Interoperability for Microwave Access) strategy, since it believes the technology could shake up the wireless data market.
Technology start-ups in India garnered an estimated $6-10 million in 2007, but most are struggling to break-even on their initial Reserach & Development investments. Does the problem lie with what are supposed to have developed as the seedbeds of innovation -India's universities?
The Cupertino, California-based company, according to Apple retail sources, said initially the 8 GB version of the much-hyped touchscreen device -- which combines Wi-Fi capabilities with a powerful email client, TV feeds, online music store and map-based location guide -- will be launched at a price ranging between Rs 27,200 and Rs 28,000.
Under its IT/ITeS SEZ development plan, Electronic Corporation of Tamil Nadu (Elcot) is setting up nine IT SEZs in Tamil Nadu, developing 1 million sq ft space at an estimated cost of Rs 28,000-30,000 crore (Rs 280-300 billion) - one each at Perumbakkam village and Sholinganallur near Chennai, two in Madurai, and one each at Tiruchirapalli (Trichy), Krishnagiri, Salem, Coimbatore and Tirunelveli.
The move, alleged employee sources, started somewhere in mid-January. While at least 80 employees were asked to resign over the past week, one company source asserted that as many as 300 employees were being asked to leave. The company, however, dismissed the employee allegations as pure speculation.
Faced with imminent recession in the United States, Indian IT services companies might take this step from April 1, 2008.
Indigenous technology development is hitting the high seas. The Indian Coast Guard, ISRO's Ahmedabad-based Space Application Centre and Faridabad-based VXL Technologies Ltd have jointly developed a low-cost GPS (Global Positioning System) transmitter-based fisheries alert system for use by fishermen at sea.
OneRoof revealed its vision of making every village in South India Internet savvy, via the social franchise route.
Three individuals, two former employees of Microsoft and a friend of theirs, have networked to help people find jobs as drivers, domestic helps, gardeners and watchmen. Out of these three, two are Americans.
India's first 3G network, currently being tested in some Tamil Nadu villages, could well lay the seeds of a rural ICT revolution.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances