Balgates’s Weblog

I’m Wat I’m!!!

England have the bulldog spirit to hit back: Michael Vaughan

Former England captain Michael Vaughan

Former captain Michael Vaughan has backed England to bounce back from the bitter loss in  Chennai, saying that Kevin Pietersen and his men have the “bulldog spirit” to square the Test series against India in Mohali.

“One thing with the England team is we do have a ‘bulldog spirit’, a fighting spirit. We proved that in this game,” Vaughan said ahead of the second and final Test in Mohali starting December 19, 2008.

England dominated the first three days of the Chennai Test before losing the plot on the fourth day when Indian opener Virender Sehwag went on a rampage to snatch the match away from the visitors.

“It was a great game of cricket. Both teams played to an incredible standard in terms of what they’d gone through in the previous two weeks,” Vaughan was quoted as saying by ‘The Daily Telegraph’.

“The England team can be very proud of the way they played. For three-and-three-quarter days they dominated the Test and that is something which is very difficult to do in India,” he added.

Vaughan admitted that the six-wicket loss was a bitter pill to swallow, considering the way England dominated most part of the match. “The defining moment was that middle session (on day four) when we probably let the momentum sway back towards India when we could have nailed home the game.”

However, Vaughan, who is currently on a sabbatical from international cricket, said the task would be tough test of England’s mental strength. “We’ve just lost a real big game, a game that all the
lads would have expected to win on that fourth evening,” he said.

“It’s going to be a real task of mental strength. The boys are pretty drained and emotionally tired from what they’ve been through in the last few weeks. But if they win the toss, and bat, and get put runs on the board they can put India under a lot of pressure,” he added.

The right-hander, training with the England’s elite performance squad, said he is working towards his international comeback. “My mind is very refreshed and of course after such a great game of cricket I’m desperate to get out there and make decisions, play and score runs,” he said.

Advertisements

December 17, 2008 Posted by | Cricket, General, India Related, Sports, World News | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a 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