Archive for the ‘News’ Category

Where Have All The Jobs Gone

Wednesday, June 10th, 2009

Tier II B-schools are going through a tough time this placement season. B-school graduates, till recently, enjoyed an enviable status — the cream of the management team every company hired, the degree every parent wanted their child to have, job offers graduates from other stream of professions aspired for and ...

IT Services: Go Local

Monday, June 8th, 2009

Perceived till recently as low-budget and low-margin, the domestic market now means big business to Indian IT majors. Wipro, the low-profile Bangalore-based FMCG and software services company, in May bagged a Rs 2,200-crore, nine-year contract with Unitech Wireless. To begin with, it will integrate the operations of the company with ...

Cisco to invest $2 billion in Modi’s GIFT

Thursday, June 4th, 2009

Coming out of the shadows after almost a year, the contours of Gujarat Chief Minister Narendra Modi’s ambitious Rs 73,000-crore Gujarat International Finance Tec-City (GIFT) project have started emerging in a big way. The state government has roped-in American networking and technology giant Cisco Systems as one of its strategic ...

Bankruptcy to have short-term impact on Indian IT vendors

Tuesday, June 2nd, 2009

Indian IT majors like Tata Consultancy Services (TCS), Wipro and Satyam Computer Services — which have running multi-million dollar deals with General Motors (GM) which is filing for bankruptcy — are likely to face a short-term impact since any loss of business in these slowing economic conditions is a setback. For ...

Realtors plan lock-in clauses to weed out speculators

Friday, May 29th, 2009

Stung by recent experiences, many real estate companies such as Tata Housing, Omaxe, DLF and others are planning to impose lock-in periods of up to one year for their mass housing projects. A lock-in clause means buyers cannot sell their properties within a certain period after booking the property or have ...

Bharti Wal-Mart Delays Opening India Store

Wednesday, May 27th, 2009

Bharti Wal-Mart Pvt. Ltd., a retail joint venture between India's Bharti Enterprises Ltd. and U.S.-based Wal-Mart Stores Inc., said Monday it has delayed the launch of its first wholesale retail store in the northern Indian city of Amritsar due to violence there. "Due to the suspension of commercial activity in Amritsar, ...

European recession deeper, longer than expected

Monday, May 4th, 2009

Europe will suffer a deeper and longer recession than previously thought, the European Commission warned on Monday, forecasting that both the EU and eurozone economies would contract 4.0 per cent in 2009. The estimate marked a dramatic downgrade of the European economic outlook after the European Union's executive arm forecast in ...

Indian manufacturers eye US, Europe for electric vehicles

Friday, May 1st, 2009

Bangalore-based Reva Electric Car Company (RECC), two-wheeler maker Bajaj Auto and Tata Motors are finalising plans to launch electric vehicles in Europe and the US to take advantage of subsidies these countries are offering as part of their environmental agendas. Tata Motors will launch the electric version of the Indica Vista ...

Swine flu is the last thing the fragile global economy needs

Wednesday, April 29th, 2009

When the US economy catches a cold, the whole world sneezes. That’s the cliche many in finance employ to describe the interrelated nature of the global economy. But what happens when the US economy catches something a bit more severe? We may be about to find out. The US government declared ...

‘Sarhad’ gets Professional with Terrorism

Thursday, March 5th, 2009

Want to do engineering, or get a degree in medical science, a course in IT or...a diploma in anti-terrorism? You heard that right- a Post Graduate course in Counter-Terrorism. Call it a step towards stopping terrorism, promoting peace, using education for the right means, or just another humanitarian duty, fighting Terrorism ...