Around 55% land bank of SEZs in Tamil Nadu lying vacant

Around 55 per cent of land in the 36 operational special economic zones (SEZs) in Tamil Nadu is lying vacant owing to various reasons, including the recent economic slowdown. A senior official in......

Syntel looks to lay off employees

Nasdaq-listed IT services and knowledge process outsourcingfirm Syntel has begun retrenching employees from its centres in Chennai, Mumbai, Pune and the US. While the exact number of employees......

TN initiatives take IT beyond Chennai

The signs of IT expansion beyond Chennai have started with the Tamil Nadu government's initiatives to promote tier-II cities as IT hubs. Under its IT/ITeS SEZ development plan, Electronic......

5,000 jobs at Syntel soon

Nasdaq-listed Syntel Inc is to invest over Rs 300 crore (Rs 3 billion) in India, a majority of which will be in its Pune centre, and double its heacount to around 10,000 personnel in the next three......