'The reason the protests are not happening in Mumbai, Bangalore, Chennai, Hyderabad, Gurgaon and Noida is that there are options available to the youth in those cities. And many people can access this sort of job because most of them are armed with English, integrating them into the global economy. This is something not available to most youth in Gujarat (the government schools do not teach English till Class 5),' says Aakar Patel.
12 images from events that shaped the world in the week that was.
Bangalore and Hyderabad have seen the highest attrition rates in the country. During the past year, Bangalore, Hyderabad and Chennai had higher attrition rates than other cities. In Bangalore, ITeS lead in employment growth and it was followed by the health sector. On the other hand, financial services sector saw a negative growth in the city.
Gripped by despair after being handed out pink slips, IT professionals now have help at hand with a group of concerned fellow professionals hosting a website to help them.
Hiring activity continued to surge in the country's IT capital with the job index moving from 598 in October to 649 in November 2009, up by 8.38 per cent.
Projects worth over Rs 70,000 crore (Rs 700 billion) to upgrade technology have been kickstarted in the country.
Breastfeeding facility at the workplace is a major concern for new mothers, says survey.
To lure the business process outsourcing and IT/ITeS industry, the Mayawati government in Uttar Pradesh has showered various sops. The realty sector, too, has been blessed with many relaxations.
The turning point of the match has Kumar Sangakkara's wicket.
Sources familiar with the project said the SPV's promoters were looking at raising the additional capital to acquire up to 250 acres at Thane to complete the first phase of the SEZ project, for which IL&FS is an advisor. Inox Infrastructure Private Limited, a wholly-owned subsidiary of Gujarat Fluorochemicals Ltd, holds 50 per cent stake in Megnasolace.
Lokendra Tomar, chief operating officer of India's largest integrated KPO, Integreon, talks about career opportunities for young grads in the sector.
Rediff.com takes a look at the enthralling spectacle that is the month of Ramazan.
Rediff.com takes a look at the enthralling spectacle that is the month of Ramazan.
The report is based on data collated from 5 large angel groups.
The Annual Tax Survey by Right Horizons, an investment advisory and wealth management firm, shows that financial planning among salaried individuals is by and large conspicuous by its absence.
The decision was taken by an inter-ministerial Board of Approval.
After strengthening physical security around establishments, it is now time for the Indian IT companies to focus on securing data, industry experts said.
UNITES, the union that represents workers in the IT and ITeS sector in India, has requested the CEC to invoke the model code of conduct to stall the whole process citing the scandal-hit company's legal liabilities and other ambiguities as deterrents for any potential bidder to carry an effective due diligence process. Over 2,000 Satyam employees, claims UNITES, have registered with the union since the scandal was reported on January 7 this year.
The Indian arm of the Union for Information & Technology Enabled Services is planning to file a public interest litigation against the alleged 'arbitrary policy' of many Indian and multinational IT/ITeS firms in India who have, for the past two months, reportedly been enforcing longer working hours that violate the daily eight-hour working mandate of the Indian Factories Act, 1948.
The government on Thursday said the domestic IT sector has not recovered fully and is expected to grow by 5.5 per cent in 2009-10 against a growth rate of 16.6 per cent in the previous fiscal.
The Comptroller and Auditor General has indicted the way the DMRC is run and points to the novel 50:50 management structure that neither of the governments is in charge, so the company is pretty much run by the management, namely Sreedharan.
While 2017 was a record year for private equity investments in India after $23.5 billion in 660 deals, 2018 too has begun with a bang.
Currently, the company is in the process of demolishing the old buildings and is expected to start construction work on the mill land by the year-end, a top company official said. The company plans to build a hotel and a commercial complex for IT and ITeS (IT-enabled Services) companies on the 20-acre land.
However, the board of approval in the commerce ministry asked the DLF to return all the tax sops it had taken from the Centre before its SEZs in Gujarat, West Bengal, Orissa and Haryana could be denotified. The BoA, headed by commerce secretary G K Pillai, also allowed more time to the K Raheja group to build its tax-free zones in Goa, Hyderabad and Navi Mumbai, an official said.
Despite the slowdown and the poll debacle state IT minister is still upbeat about attracting investments in the IT sector.
Prime Minister Manmohan Singh has asked the Finance Ministry to remove a flaw in the tax laws, which would help IT/ITeS SEZs, even as the government is considering relaxing rules for tax-free enclaves across sectors on sales in the domestic market.
Images from stories that shaped the week gone by.
"There would be some resetting of expectations", president of Nasscom, Som Mittal, said on the sidelines of 'TiE Entrepreneurial Summit 2008 (TES 2008)' in Bangalore. He indicated that the Nasscom would come out with a clear view vis-a-vis the growth forecast in Junuary first week, saying 'it may happen before the quarterly results start coming out'.
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 Union Health Ministry will take up initiatives to check occupational health hazards faced by employees in the IT and ITES sector.
Information technology employees and fresh graduates in Kolkata have started to see salary cuts and employee lay offs.
Rajasthan's chief minister Vasundhara Raje on Wednesday laid the foundation stone for setting up an IT/ITES SEZ by Somani Worsted Ltd and manufacturing facilities of Jaquar Ltd and Orient Craft Ltd in Bhiwadi. Digamber Singh, Rajasthan's minister of industries, was also present on the occasion.
According to ESC's Eastern Region Chairman S Radhakrishnan 20 IT/ITes non-competing companies located in New York and Chicago would be handled in the first phase. Each year, the expenditure for such centres would be about Rs 2.5 crore (Rs 25 million) and run for three years, Radhakrishnan told reporters in Kolkata on Wednesday.
The $108 billion Indian IT-ITeS industry is also witnessing the rise of tier II and III cities like Kochi, Ahmedabad and Kolkata as product hubs.
Not a single Indian insurance company offers a comprehensive anti-cybercrime policy for the corporate sector. In India there are few takers for cybercrime insurance primarily because of the high cost vis-a-vis their exposure. These policies are of a high value and, on request from a few brokers, are customised for banks. Cybercrime policies in the US cover e-theft, denial or impairment of e-service, e-communication, e-vandalism, e-threat and fraudulent e-signatures.
Mittal, who is the head of services business of Hewlett Packard for Asia Pacific and Japan, will succeed Karin Karnik and will assume office from January 2008.
HR managers are resorting to innovative ways to harness and retain talent as the market is witnessing demand-supply constraints.
Overall, the survey shows that salary increases across industries at 14.8 per cent are roughly the same as last year (14.5 per cent).
Visakhapatnam is one of the fast-emerging tier III cities of India and is in a position to be the next IT destination in Andhra Pradesh. Availability of skilled labour, infrastructure, and comparatively cost-effective real estate in the city makes Vizag the next emerging IT-ITeS hub after Hyderabad. It is expected to be one of the next growth drivers over the decade, according to Jones Lang LaSalle Meghraj (JLLM).
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