Balgates’s Weblog

I’m Wat I’m!!!

Sachin Tendulkar role model of cricket: Andrew Flintoff

England all-rounder Andrew Flintoff

Sachin Tendulkar’s match-winning century knock in Chennai which he dedicated to the people of India deeply hurt by the terror attack in Mumbai has earned respect from England all-rounder Andrew Flintoff who called the master bastman a “role model” for the game.

“It is impossible not to admire him (Tendulkar) when you are out in the middle. He is a class player and a great role model for the game,” Flintoff said.

“His innings (in Chennai) was a scriptwriter’s dream. The lad from Mumbai, with everything that has happened there, scores a hundred to win and then dedicates it to everyone in the country. Thinking about it, it was probably inevitable it happened,” he was quoted as saying by ‘The Independent’. Flintoff said playing against Tendulkar brought the best out of him.

“Playing against him brings the best out of you in a lot of ways. The worrying thing for us is that he was getting better towards the end of that innings. You could see in the way he was playing he was back to his best.”

The 31-year-old Lancashire player was of the view that there is very little margin for error bowling against greats like Tendulkar and Brian Lara.  “I enjoy bowling at him, as I did at the likes of Brian
Lara. I think they bring the best out of you. Your margins for error are small, you have to bowl well to restrict them, never mind get them out.”

December 20, 2008 Posted by | Cricket, General, India Related, Sports | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 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