The decision taken by the company would make its offshore employees happy as they will have to resume their work in their own country and also it would be an opportunity to be among their families and friends.
Tuesday, April 28, 2009
Offshore TCS Employees Will Come Back to India
The mercury of cost-cutting measures is gaining high temperature. Its consequences are transparently visible in TCS. In a recent press release the company made it clear that it is going to move back a substantial number of its employees to India as a measure to save its revenues. At the global stage TCS is India’s largest outsourcing firm but this giant is also finding it difficult to manage its costs. In the 4th quarter of last year the company garnered Rs 121 crore by shifting its large number of US staff to India.
It was also told that TCS would increase its crew by hiring more professionals। The approximate figure for India is estimated to be 24, 855. It is also looking forward to add 250 new comers in the US. There might be hiring of few people in China as well. The Chief Operating Officer of TCS N Chadrasekaran has confirmed it that the relocation of its US staff to India would not lead to layoffs. Besides, he also added that presently the company is not looking forward for lateral hiring and furthermore, the increments to its employees have been suspended.
The decision taken by the company would make its offshore employees happy as they will have to resume their work in their own country and also it would be an opportunity to be among their families and friends.
The decision taken by the company would make its offshore employees happy as they will have to resume their work in their own country and also it would be an opportunity to be among their families and friends.
Wednesday, April 22, 2009
Global IT Report Ranks UAE No.1 in MENA Region
The United Arab Emirates takes away the pride of having the most sophisticated and highly developed information computer technology in the whole region of the Middle East and North Africa. It was declared by a research study headed by the World Economic Forum and INSEAD business school. The UAE being already 1st in MENA also acquires 27th position as the best information computer technology whereas in last year it dominated the 29th position for ICT.
The United States of America gets the topmost position in the global ranking for information computer technology. The 2nd and 3rd rankings were led by Denmark and Sweden. The rest of the rankings are being held by Singapore and Switzerland. The World Economic Forum in collaboration with INSEAD brought out the study. Cisco Systems, the leader in designing networking and communication technology supported the project.
The report also suggested that the contemporary recession is a global issue which has to be curved down by improving the prevailing education system accompanied by advanced technological back-ups and yes, last but no the least necessity is innovation. The United Arab Emirates has been capturing many rankings in different sectors. The same report placed the UAE as the No.1 in the world for having the highest density of residential monthly telephone subscriptions in 2007.
The United States of America gets the topmost position in the global ranking for information computer technology. The 2nd and 3rd rankings were led by Denmark and Sweden. The rest of the rankings are being held by Singapore and Switzerland. The World Economic Forum in collaboration with INSEAD brought out the study. Cisco Systems, the leader in designing networking and communication technology supported the project.
The report also suggested that the contemporary recession is a global issue which has to be curved down by improving the prevailing education system accompanied by advanced technological back-ups and yes, last but no the least necessity is innovation. The United Arab Emirates has been capturing many rankings in different sectors. The same report placed the UAE as the No.1 in the world for having the highest density of residential monthly telephone subscriptions in 2007.
Wednesday, April 15, 2009
Recession Tolls Heavy on Infosys as It Prophesies Major Drop in Revenues
Infosys Technologies, the second leading outsourcing company says that it is going to have a major reduction in its revenue generation in the fourth quarter. The blame for this prediction goes to the ongoing recession. The representatives of the company have informed that the revenue generation will reduce from 3.1 per cent to 6.7 per cent which means between US$4.35 billion and $4.52 billion in this financial year.
As most of the companies are trying to shrink their prices and expenditure, the same pressure can be seen transparently with Infosys Technologies. This can be well understood from the net profit made by the company in the fourth quarter which is exactly is 2.6 percent effecting $321 million and on the other hand, the full year net profit rose to 10 per cent effecting $1.3 billion.
Siddharth Pai, a co-worker at outsourcing consultancy firm TPI stated that it is evident that the outsourcing industry is going through a stormy night as many customers are postponing new contracts. Unless the customers welcome their contracts, an outsourcing company will not be making money. Recession affects the company’s hiring figure as well. Last year Infosys Technologies took in 18, 946 employees whereas the hiring figure till March 31 is 13, 663 only. That’s a vast difference which is the resultant of hammering effect of the shrunken global economy.
As most of the companies are trying to shrink their prices and expenditure, the same pressure can be seen transparently with Infosys Technologies. This can be well understood from the net profit made by the company in the fourth quarter which is exactly is 2.6 percent effecting $321 million and on the other hand, the full year net profit rose to 10 per cent effecting $1.3 billion.
Siddharth Pai, a co-worker at outsourcing consultancy firm TPI stated that it is evident that the outsourcing industry is going through a stormy night as many customers are postponing new contracts. Unless the customers welcome their contracts, an outsourcing company will not be making money. Recession affects the company’s hiring figure as well. Last year Infosys Technologies took in 18, 946 employees whereas the hiring figure till March 31 is 13, 663 only. That’s a vast difference which is the resultant of hammering effect of the shrunken global economy.
Monday, April 13, 2009
Sun Microsystems Beats Cisco by Introducing Blade Network Switch
Recently Sun Microsystems brought to light its Nehalem-based server line-up. In addition, it also introduced a networking product specifically a blade network switch. The innovations of Sun are no about giving a hard competition to Cisco in the server market. The launch of these products is safeguarding the poor market of Sun as it is facing the worst scenario in the server market. It was also in whisper that the company was about to be acquired by IBM. However, no confirmation has been received on this.
Last month Cisco made surprising announcement by offering a blade server as the significant segments of its Unified Computing System. However, Sun says that it has made a new product for the function of its blade servers and it does not require the help of Cisco’s switches. The new product of Sun comes as the Virtual Network Express Module shortly NEM is a hardware which can be slid into a blade chassis. It performs all the task of an aggregation switch which carries out the traffic between the blades and 10-Gigabit Ethernet switch. John Fowler, the executive vice president of Sun Microsystems business states that the new silicon product has set users free from depending upon a switch borrowed from a third-party vendor.
Last month Cisco made surprising announcement by offering a blade server as the significant segments of its Unified Computing System. However, Sun says that it has made a new product for the function of its blade servers and it does not require the help of Cisco’s switches. The new product of Sun comes as the Virtual Network Express Module shortly NEM is a hardware which can be slid into a blade chassis. It performs all the task of an aggregation switch which carries out the traffic between the blades and 10-Gigabit Ethernet switch. John Fowler, the executive vice president of Sun Microsystems business states that the new silicon product has set users free from depending upon a switch borrowed from a third-party vendor.
Wednesday, April 8, 2009
Sermon on IT Investment by McDowell
There will be a lecture on “The Challenge of Realizing a Return on Your IT Investment” by Microsoft Corporation executive, Robert L. McDowell. The timing is scheduled as 4 p.m. on Wednesday, April 22 and the venue set is Bryan Building, Room 160. The entry to this sermon is completely free and open to public. In this peak of recession IT is also not at a safer zone and it does require a revitalizing push. The lecture by the famous personality McDowell would throw light on this crucial issue.
Dr. Prashant Palvia, director of the McDowell Research Center says that McDowell has immense knowledge on Information Technology management who is also an author and VP of Microsoft. The lecture by this eminent leader will converge on IT Invesment and its relationship with investors. McDowell has authored two books “Driving Digital” and “In Search of Business value: Ensuring a Return on Your Technology Investment”. He did his graduation in Economics from the Virginia Military Institute. Besides, he also holds a master’s degree in business administration from Boston University. As reported in 1990 McDowell joined Microsoft and from then onwards he held many executive-level positions in the company. Some of the significant positions held by him are as the vice president for enterprise business relationships and vice president for worldwide services.
Dr. Prashant Palvia, director of the McDowell Research Center says that McDowell has immense knowledge on Information Technology management who is also an author and VP of Microsoft. The lecture by this eminent leader will converge on IT Invesment and its relationship with investors. McDowell has authored two books “Driving Digital” and “In Search of Business value: Ensuring a Return on Your Technology Investment”. He did his graduation in Economics from the Virginia Military Institute. Besides, he also holds a master’s degree in business administration from Boston University. As reported in 1990 McDowell joined Microsoft and from then onwards he held many executive-level positions in the company. Some of the significant positions held by him are as the vice president for enterprise business relationships and vice president for worldwide services.
Friday, April 3, 2009
India Still the Paradise for Cyber Crimes with Ineffective IT Act 2000
Elections are getting closer but still there are no measures taken for making amendments in IT Act, 2000. As usual political leaders are busy in safeguarding their interests. Unless they get their demands they won’t act efficiently for the immediate amendments in Indian IT laws. At the world’s centre stage, Indian cyber law is distinguished as weaker and lacking in stringent security portfolios. Today the nation has become the haven for cyber crimes. This freedom is obviously granted by the faded and rotten Indian Information Technology Act, 2000.
After a long period of 8 years, amendments were allowed by the government of India to modify the defaults in IT Act, 2000. To a great delight the IT Amendment Act, 2008 is successfully passed by the Parliament of India in the month of December, 2008 and it is even flagged off by the president of India on 5th February, 2009. However, the Bill needs further notification by the government and then only it will become effective. Mr. Praveen Dalal, India’s well-known techno-legal expert expresses his resentment over the recommended Bill, 2008 by stating that the Bill has to be refined with more amendments till it gets the actual power. On the other hand, the judges of the Supreme Court of India have pointed out the weaker face of the present cyber law of India.
After a long period of 8 years, amendments were allowed by the government of India to modify the defaults in IT Act, 2000. To a great delight the IT Amendment Act, 2008 is successfully passed by the Parliament of India in the month of December, 2008 and it is even flagged off by the president of India on 5th February, 2009. However, the Bill needs further notification by the government and then only it will become effective. Mr. Praveen Dalal, India’s well-known techno-legal expert expresses his resentment over the recommended Bill, 2008 by stating that the Bill has to be refined with more amendments till it gets the actual power. On the other hand, the judges of the Supreme Court of India have pointed out the weaker face of the present cyber law of India.
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