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Facebook opens office in Hyderabad, India

Facebook has become the latest to join the list of companies who have opened office in India. Last month, popular social gaming company Zynga opened up office in Bangalore. The main motive will be to tap the skilled workforce that provides quality services at relatively cheap wages. Facebook’s office in the southern Indian city of Hyderabad will support users, advertisers and developers in India and around the world, the company said in a statement on 28th March 2010 according to Reuters.

Hyderabad also houses other foreign firms, including Internet powerhouse Google and software giant Microsoft, whose Indian employees work on everything from writing software codes to providing customer services at cheaper salaries than in developed nations such as the United States. Facebook counts around 400 million users and has had large investments from Microsoft and from Russian investment company Digital Sky Technologies. More than eight million of Facebook’s total users are in India, the company’s director of global online operations, Don Faul, said in a post on the Facebook blog.

“By having multiple support centers in a variety of time zones, we can provide better round-the-clock, multi-lingual support,” Faul said. Facebook will initially recruit a small team in India, and anticipates further growth as the office expands. It is hiring people to join the online sales and operations teams that it is forming in the Hyderabad and Austin offices, Faul said.

Source: SiliconIndia.com

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March 29, 2010 Posted by | Business, India Related, IT, Software, Technology, World News | , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Infosys Layoff – The IT giant Infosys Technologies fires 2100 employees

With companies keen on maximum utilisation of employees and low tolerance to poor performance in the backdrop of global economic turmoil, nearly 2,100 employees in software firm Infosys have faced the axe.

“Some of these employees have been asked to go while some have left on their own,” V Balakrishnan, CFO of the Bangalore-based company, told PTI on April 11, 2009.

Prior to asking the employees to leave, they were put on a performance improvement course and those who showed no improvement were asked to leave while some others quit, he said.

“Tolerance to poor performance is very low given the current economic scenario,” said Infosys CEO Kris Gopalakrishnan.

Usually, the employees who showed poor performance were given some more time to improve themselves, but this time there had been no such consideration, he said.

Both the officials said the sacking was part of annual routine, which usually formed five per cent of the total number of employees but this time it was much lower.

Some of the employees had been “outplaced”, Kris said, which refers to the firm hiring the services of placement agencies to help the employees to get placements in other firms. Infosys has a workforce of 105,000, including trainees.

April 13, 2009 Posted by | General, India Related, IT, Software, Technology, World News | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Ramalinga Raju is hit over Obama in Internet search

He may be popular for all the wrong reasons, but Satyam’s disgraced founder Ramalinga Raju has beaten US President-elect Barack Obama on internet popularity charts in India, and is closing the gap abroad too.

By now infamous IT czar Raju shot to limelight earlier this month after disclosing what has emerged as the country’s biggest ever corporate fraud in India and has been called

‘India’s Enron’ right from the word go. Google’s search volume index shows Raju and Obama were generating almost equal searches from India during the first six days of the year, with Obama leading by a small margin. However, Raju jumped up the charts on January 7, when he admitted to a massive fraud of about Rs 7,800 crore.

The search volumes for Raju are estimated to have been over 10 times more than that of Obama on January 7, after which it has been declining consistently but Raju is still holding an edge over the US President-elect.

In terms of search volumes generated from various regions, Raju’s own state Andhra Pradesh is on top, followed by Tamil Nadu, Karnataka, Gujarat, Maharashtra and Delhi. In terms of cities too, the maximum search volume has been from Hyderabad, where both Raju and Satyam are based, followed by Chennai, Bangalore, Pune, Mumbai, Mahape and Delhi.

As regards searches for Obama, Tamil Nadu has been on the top, followed by Maharashtra, Karnataka and Delhi among the regions. For cities, the maximum search volumes for Obama has come from Chennai, Mumbai, Navi Mumbai, Bangalore and Delhi. Outside India too, Raju has generated significant search volumes from UAE, Singapore, Finland, US, Poland, Australia, UK, Canada and Germany, but has lagged Obama. Raju has been searched for in Abu Dhabi, Singapore, Dallas and San Fransisco, while search queries have come in Polish language too, other than English.

January 19, 2009 Posted by | General, India Related, IT, Software, Technology, World News | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

The Top Ten Cities for Outsourcing in India

India has 35 major cities. Not all of them are good offshore outsourcing hubs.

In the recent past, several studies have been carried out to identify the best or most attractive cities in India. Gartner Inc, National Association of Software and Service Companies (NASSCOM) and KPMG, neoIT, Mercer, A T Kearney, Merrill Lynch and several others have carried out city studies for a wide range of objectives.

Important parameters that were considered when developing the rankings in these studies include:

  • Availability of Infrastructure (Power, Transport, Telecommunication, Housing)
  • Cost of Living
  • Real Estate Costs
  • Availability of Skilled Manpower
  • Attrition Rates
  • Quality of Living
  • Political Climate
  • Educational Institutions

Urban infrastructure in India is not the best in the world. Indian cities are facing overpopulation, indiscriminate growth and shortage of urban services like public transportation, water supply and sanitation. It is important to point out that the 2006 World-wide Quality of Living Survey by Mercer for 350 global cities has the top Indian cities Mumbai and Delhi ranked at 150th place. Not impressive at all. On the networking front, India ranks 40th out of 115 countries with the network readiness index of 0.23.

Despite the constrains imposed by the infrastructure or lack thereof, availability of skilled manpower and the low cost advantage continues to drive investment into urban India.

An analysis of city rankings by different surveys and study of recent outsourcing trends reveals that the top 10 outsourcing destinations in India are:

1. Chennai was the poor cousin of Bangalore and Hyderabad during the initial years of the IT boom in India. Today it is the lead outsourcing destination due to the low cost advantage, improving infrastructure, international connectivity, availability of land, skilled manpower and lower attrition rates compared to Bangalore and Hyderabad.

2. Hyderabad continues to woo investors by focusing on improving its urban infrastructure. The Governments, both past and present, have been very clear in their focus and support to the IT industry. The city has been among the most favored destinations due to the infrastructural improvements and the planned growth phased in by the governments in the twin cities.

3. Bangalore is the technology hub of India. It is increasingly becoming a global melting pot of cultures. The original garden and pub city of India has a comfortable climate compared to the other Indian cities that are happening in terms of outsourcing. However, the city’s infrastructure is inadequate to meet the demands of the exploding population. There is a growing feeling that other cities will overtake Bangalore if it continues to suffer due to political bickering, skyrocketing real estate prices and poor urban planning. According to a recent survey, it still ranks as the top city for living, earning and investing.

4. National Capital Region (NCR) includes Delhi and its surrounding suburbs. Delhi is expensive and not as popular for outsourcing. It is the suburbs, Gurgaon and Noida that have become important outsourcing destinations due to their proximity to the capital. They continue to be a major draw due to improving transport connectivity with Delhi, good international linkage and availability of skilled manpower.

5. Pune is Maharastra’s response to Bangalore. Its proximity to India’s financial capital, Mumbai and availability of trained manpower has led to the development of a thriving hi-tech outsourcing industry in this erstwhile retirement and education haven. Apart from other infrastructure components, the city is focusing on township projects to improve housing facilities.

6. Chandigarh and Mohali are twin cities. Chandigarh is one of the few planned and good cities of India. Mohali is its twin. Together, they have the space as well as the intellectual and financial capability to become India’s best outsourcing destinations. It does not yet have an international airport, but is well connected to New Delhi by road and rail.

7. Kolkata, the capital city of the state of West Bengal is high in intellect and has an advantage in terms of low costs. However, the city is famous for its traffic snarls and trade union shut downs. The current state government under chief minister Buddhadeb Bhattacharjee is making the right noises to encourage investors. Early indications are that it may actually emerge as a good outsourcing destination.

8. Mysore is one of India’s smaller cities, which have joined the outsourcing bandwagon. Its proximity to Bangalore and presence of companies like Infosys and Wipro has helped the cause. It is emerging as a preferred choice over Bangalore as India’s silicon city is now congested, expensive and has higher than average attrition rates.

9. Thiruvananthapuram in Kerala is well known for some of the leading science & technology research organizations in India. The city has the infrastructure and skilled workforce to attract IT investments. It is early days yet and remains to be seen whether Thiruvananthapuram can woo investors away from Bangalore, Hyderabad and Chennai.

10. Coimbatore is the emerging engineering outsourcing hub located in the state of Tamil Nadu. The government of Tamil Nadu is keen on developing Coimbatore as a major IT destination in the state. Coimbatore’s strength is its rich engineering tradition and young graduating engineers to meet the manpower demands of the growing industry.

January 7, 2009 Posted by | Business, General, India Related, IT, World News | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Infosys to freeze hiring, says signs aren’t good

S Gopalakrishnan, CEO and MD of Infosys, speaks at the Reuters India Investment Summit.

COMPANY FORECAST: S Gopalakrishnan, CEO and MD of Infosys, speaks at the Reuters India Investment Summit.

Infosys Technologies Ltd will freeze recruitment after meeting this fiscal year’s target of hiring 25,000 staff, a telling sign the global downturn is hitting India’s $52 billion outsourcing sector.

The country’s second largest software services firm however has no plans to cut jobs and is sticking with its third quarter outlook, CEO Kris Gopalakrishnan told reporters.

He said the outsourcing sector’s growth rate would halve next year as some customers delay orders. “Last year the IT industry grew more than 30 per cent, this year it is looking at somewhere in the region of 15 per cent,” Gopalakrishnan said.

India’s export-driven IT sector, used to a scorching pace of growth, has been hit by the financial crisis and recession in the United States, which contributes more than half their revenue. In the last few years, the outsourcing industry has created tens of thousands of jobs, mainly attracting young workers, as global companies look to trim labour costs.

Infosys hired 16,000-17,000 employees in the first half of the fiscal year that began in April and would honour commitments to 6,000 under training, Gopalakrishnan said. Infosys, which counts Goldman Sachs and Philips Electronics among its clients, cut its full-year dollar revenue outlook in October due to the worsening global downturn.

Gopalakrishnan said on Dec 04, 2008 the company would freeze fresh recruitment, apart from meeting specific skill needs. “We will have to look at controlling our cost, controlling our expenses making sure that we run an optimised business. We will have to look at what are things we need to do in order to prepare ourselves for the recovery.” “Growth is coming more and more from emerging markets so hese are the things we need to prepare ourselves. We should not lose momentum in this slowdown,” he said.

But Infosys still expects its strong client base and a weakening rupee to help it meet a forecast for December quarter earnings of $0.57 a share. The Indian rupee has fallen nearly six per cent so far this quarter against the dollar.

“Infosys is seeing further degradation of the demand environment, with headwinds from leadership changes at customers, a shrinking large deal pipeline …. Pricing pressure has emerged,” CLSA Asia-Pacific said in a report this week.

December 4, 2008 Posted by | General, India Related, IT, Software, Technology | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Chandrayaan-1’s temperature rises, ISRO worried

ISRO Chairman Madhavan Nair says Chandrayaan-1 is hotter by 10 degree Celsius.

FACING THE HEAT: ISRO Chairman Madhavan Nair says Chandrayaan-1 is hotter by 10 degree Celsius.

India’s moon mission Chandrayaan-1 is facing the heat, literally. A month after its launch, an unexplained rise in temperature is causing concern for the Indian Space Research Organisation (ISRO).

ISRO Chairman Madhavan Nair says Chandrayaan-1 is now hotter by 10 degree Celsius which is hot enough to affect its instruments.

Volcanoes have erupted on the moon in the past. And temperatures on the surface often reach 100 degree Celsius.

While it isn’t clear yet what’s triggered the rise in temperature, scientists say a thermal blanket around the satellite could be used to keep temperatures down.

Chandrayaan-1, India’s first lunar mission, was launched on October 22, 2008 from the Satish Dhawan Space Centre, SHAR, Sriharikota by PSLV-C11.

The Moon Impact Probe (MIP), with the Indian Tricolour pasted on its outer surface, was ejected on November 14 from Chandrayaan-1 and landed on the lunar surface.

December 3, 2008 Posted by | General, India Related, Science, Technology, World News | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

England may return, first Test shifted to Mohali

The England cricket team is likely to return to India on December 3 to play the two Test series against India.

The first Test from December 11 to 15 has been shifted to Mohali from Ahmedabad. The second Test had been shifted to Chennai earlier itself after the terror attack on Mumbai.

The three-day practice game that was scheduled to be held in Baroda from December 5 to 7 is also likely to be played in Mohali.

England called off their seven-match ODI series with two more games to play after the terror attacks in Mumbai. The visitors were playing their fifth ODI in Cuttack on December 26 when terrorists struck India’s financial capital.

The team flew to Bangalore from where they flew back home. While some England cricketers have voiced their reservations about coming back to play in India, England skipper Kevin Pietersen has refused to be cowed down by the attacks.

December 1, 2008 Posted by | Cricket, General, India Related, Sports | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Disgusted Dhoni denies rift with selectors

Indian skipper Mahendra Singh Dhoni on Nov 22, 2008 denied rift with selectors on dropping of Rudra Pratap Singh and preferring all-rounder Irfan Pathan for the remaining part of the on-going One-Day series against England.

“I don’t know who is spreading this kind of rumors. Whoever is leaking confidential matters to the press is not doing any good for the well being of cricket. I don’t want to deny or admit what transpires during the meeting because it is supposed to be confidential. If someone has leaked confidential matters to the press it is just not done. I want to know who the source was. As far as I am concerned there was no rift with the selectors on any issue,” Dhoni told reporters on the eve of the fourth One-Day match at the Chinnaswamy Stadium.

“It is unfortunate that such rumors are being spread when the team is doing so well and we are on the threshold of achieving yet another series victory. I should admit this kind of distractions are not good for the game in general and for the team in particular. The selection matters should always remain inside the four walls and moreover it is the selectors job to pick the best possible team,” he added.

It is understood that one of the selectors leaked about Dhoni’s threat to quit as captain of the Indian team if Irfan Pathan was preferred ahead of R P Singh during the selection meeting in Kanpur after the hosts beat England by 16 runs on Duckworth-Lewis Method.

However, Dhoni, who first denied the rift vehemently but later on softened his stance and wanted to know who was leaking out confidential matters to the press wanted to know the name of the person responsible when a scribe tried to grill him on this matter.

“if you (scribe) got the news over phone from someone, why don’t you name that person. By naming that person, you will be doing a great service to the team as what transpires in a meeting is not supposed to be leaked by anyone,” he thundered.

“Thankfully, our team is very united and both R P and Irfan understand that the best 16 boys get to play for the country. Luckily I don’t have to explain to RP or Irfan about anything as they trust me fully. In fact the whole team trusts each other and I should say that it has been a very short but fruitful journey as a player and captain so far. Though this unwanted event (rumors of rift) has turned out to be an eventful journey as well,” he added.

November 22, 2008 Posted by | Cricket, General, Sports | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

India’s 40 Richest Persons – 2008

Source: Forbes.com

Rank

Name

Net Worth ($mil)

Age

City

1

Mukesh Ambani (Reliance Industries Limited)

20,800

51

Mumbai

2

Lakshmi Mittal (Mittal Steel Company Ltd.)

20,500

58

London

3

Anil Ambani (Reliance Communications, Reliance Energy)

12,500

49

Mumbai

4

Sunil Mittal (Bharti Airtel Group)

7,900

51

Delhi

5

Kushal Pal Singh (DLF Limited)

7,800

77

Delhi

6

Shashi & Ravi Ruia (Essar Group)

7,600

64

Mumbai

7

Azim Premji (Wipro Technologies)

7,000

63

Bangalore

8

Kumar Birla (Aditya Birla Group)

5,000

41

Mumbai

9

Adi Godrej (Godrej Group)

4,000

66

Mumbai

10

Gautam Adani (Adani Enterprises Group)

3,900

46

Ahmedabad

11

Dilip Shanghvi (Sun Pharmaceutical Industries)

3,100

53

Mumbai

12

Savitri Jindal (O.P. Jindal Group)

2,900

59

Delhi & Hisar

13

Malvinder & Shivinder Singh (Ranbaxy Laboratories Limited)

2,800

36

Delhi

14

Anil Agarwal (Vedanta Resources Corporation)

2,400

55

London

15

Shiv Nadar (HCL Group)

2,200

63

Delhi

16

Micky Jagtiani (Landmark Group)

2,000

57

Dubai

17

Indu Jain (Bennett, Coleman & Co. Ltd.,)

1,800

72

Delhi

18

Cyrus Poonawalla (Poonawalla Group, Serum Institute of India)

1,600

67

Pune

19

Uday Kotak (Kotak Mahindra Bank)

1,550

49

Mumbai

20

Chandru Raheja (K. Raheja Corp.)

1,500

68

Mumbai

21

G.M. Rao (GMR Infrastructure Group)

1,470

58

Bangalore

22

Vivek Burman (Dabur India Limited)

1,300

71

Delhi

23

Anurag Dikshit (PartyGaming)

1,250

36

Gibraltar

24

Kalanithi Maran (Sun TV Network)

1,200

43

Chennai

25

Venugopal Dhoot (Videocon India)

1,100

57

Mumbai

26

Yusuf Hamied (Cipla Pharmaceutical Laboratories)

1,060

72

London & Mumbai

27

Ramesh Chandra (Unitech Group)

1,000

69

Delhi

28

Subhash Chandra (Zee TV Entertainment)

970

58

Mumbai

29

N.R. Narayana Murthy (Infosys Technologies Limited)

965

62

Bangalore

30

Rajan Raheja (Rajan Raheja Group)

950

54

Mumbai

31

Brijmohan Lall Munjal (Hero Honda Motors Limited)

940

85

Delhi

32

Baba Kalyani (Bharat Forge)

935

59

Pune

33

Tulsi Tanti (Suzlon Energy)

930

50

Pune

34

Jaiprakash Gaur (Jaypee Group)

890

77

Delhi

35

Niranjan Hiranandani (Niranjan Hiranandani Group)

885

58

Mumbai

36

Murali Divi (Divis Laboratories)

870

57

Hyderabad

37

Hemant Shah (Akruti City Limited)

830

55

Mumbai

38

Gracias Saldanha (Glenmark Pharmaceuticals Ltd.)

825

70

Mumbai

39

Anand Jain (Jai Corporation Ltd.)

810

51

Mumbai

40

Rahul Bajaj (Bajaj Auto Ltd.)

760

70

Pune

November 13, 2008 Posted by | Business, General, India Related, World News | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Ganguly: I see a lot of myself in Dhoni

Arguably the most successful Indian skipper ever, Sourav Ganguly says he sees a lot of himself in Dhoni

Arguably the most successful Indian skipper ever, Sourav Ganguly says he sees a lot of himself in
Mahendra Singh Dhoni and reckons that the charismatic new captain will go on to better his record and further enhance India’s stature in international cricket.

“He has done fantastically well. Captaincy is a task, it’s not just about being a good player. He will be tested when India plays abroad and if the boys do well under him then it will be great. I am sure he will take Indian cricket forward,” said Ganguly, whose last Test saw India clinching the Border-Gavaskar Trophy by winning the fourth and final match.

“I did what I felt was right. I’m a captain who did not believe in the drawing board but react to what happens on the field of play. I see a lot of myself in Dhoni. He also doesn’t like meetings. In fact he sees things better than me. He has also had a bit of luck that a captain needs,” he added.

Ganguly said a captain is only as good as his team but he did have a huge role to play in enhancing India’s reputation. “Most important thing is that a captain is as good as a player. Raising India’s image in world cricket especially as a touring side is my legacy in Indian cricket. We, at present, are a formidable side both home and away,” he said.

Ganguly said he would not be missing the Indian dressing room as he was leaving with happy memories of being part of a team that beat the world’s best side 2-0 in the series. “I don’t think I would miss the dressing room. I have had a good innings and it’s time to leave. I am leaving with happy memories that it ended with a win for India. A 2-0 win over the world’s best team was the best that could have happened after all the doubts arising after the Sri Lanka series (where India lost)”, Ganguly said.

“I have played well and the team has played outstandingly well. To win the series 2-0 was very satisfying. We had dominated (the proceedings) after the first Test (at Bangalore),” said the former captain. Ganguly, who was asked to lead the team on the field for a brief while when India was close to winning the fourth and final Test against Australia before being chaired off the ground after India’s 172-run win, said he would forever cherish the moments that he lived today.

“In terms of team performance the way this Test has finished was one of the best ever. I want to cherish it for long. Everyone has chipped in throughout the series. Somehow we manage to pick up when we play against Australia,” said the veteran of 113 Tests. “I enjoyed my last few days and the last few hours. I was
asked to lead for five overs, did it for three overs and then told Dhoni that it was not my job,” he said.

The stylish left-hander side-stepped queries on past controversies like his public spat with former coach Greg Chappell. “Let’s keep the controversies aside. It’s a happy day for Indian cricket. The past is past, let’s not talk about it,” he said.

Ganguly said the first-ball duck in the second innings didn’t disappoint him as much as missing a hundred by 15 runs in the first innings. “I am not disappointed with the first-ball duck, getting out on 85 in the first innings was more disappointing as I was so close to a hundred. I don’t think the last duck has made it (my career) any more dramatic, it’s been dramatic anyway,” he put it succinctly.

Ganguly said he rated the 100 on debut at Lord’s against England in 1996 as his most cherished innings. He said the blazing century he made against Australia as captain in the 2004 series at Brisbane was also close to his heart. “The first Test hundred at Lord’s is always special to me. The 2001 series against Australia here and the 2004 series against them in Australia are my best series. We have won in Pakistan and England but to win against Australia is always special,” he said.

November 10, 2008 Posted by | Cricket, General, Sports | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment