Wipro Chairman Azim Premji termed the fiscal year 2008-09 one of the toughest. Little surprising then that the top execs of the company saw a decline in their pay packets for the year vis-?-vis the previous year. However, while the senior management took home lower salary for fiscal 2008-09 as against the levels in 2007-08, there was a jump in commissions...
Friday, May 22, 2009
ZENSAR EYES RS 100-CRORE REVENUE FROM DOMESTIC MKT, TO REDUCE COST
Following the industry trend, where Indian software export companies are aggressively looking at the domestic industry as the global IT spending falls, RPG group?s Zensar Technologies is targeting Rs 100 crore revenue from the Indian market this fiscal. Currently, the domestic market contributes around Rs 40 crore to its top line, which is 4.5%...
PREMJI TAKES PAY CUT, BUT HIKE FOR OTHERS IN WIPRO TOP BRASS
As the global economic downturn takes toll on pay packets, Indian IT major Wipro's chief Azim Premji seems to be leading by example as he has taken a cut of about 10 percent in his annual compensation. The total remuneration paid to Premji dipped by $32,414 (about Rs 14 lakh) in the fiscal year 2008-09 to $2,96,142 (about Rs 1.37 crore). India's...
Life is not about feeling Unhappy always, Its about Being Happy with what we have
Image via WikipediaOne day, the father of a very wealthy family took his son on a trip to the country with the express purpose of showing him how poor people live.
They spent a couple of days and nights on the farm of what would be considered...
TCS sees stability in Financial Sector
Expects demand to pick-up in Financial Services Sector in the current financial year Tata Consultancy Services Ltd, India's biggest IT outsourcer, is seeing stability in its key financial services sector and expects demand to pick-up this financial year provided economic conditions do not deteriorate. "From our financial services...
Infosys eyes buys in Healthcare, Lifestyle
Eyeing an acquisition of around $200-300 million in the healthcare or lifestyle segments in the geographies like Germany, France and Japan Infosys Technologies Ltd, the country's second largest software exporter, is eyeing an acquisition of around $200-300 million in the healthcare or lifestyle segments, chief financial officer V Balakrishnan...
Infosys to hire 1,000 In US
Plans to add employees as part of a big US expansion in anticipation of growth resuming in 2010 Indian software firm Infosys plans to hire about 1,000 people in the US in the next 12 to 18 months amid a gloomy job market. In an interview with the local media, Infosys Chief Executive Kris Gopalakrishnan, who is currently in Seattle...
EDS wins $61 Million Infrastructure Deal with Australian FederalGovernment
Contract to manage the technology infrastructure for the Australia Department of Agriculture, Fishery and Forestry, providing expanded technology services and increased economic value to the Commonwealth EDS, an HP company, has signed a $61 million (AU$96 million) agreement to manage the technology infrastructure for the Australia Department...
IBM announces Seven-Year Outsourcing agreement with Lam Research
Seven-year, $11.3 million, BPO services agreement - a renewal of a previous contract signed in 2002 IBM has signed a seven-year, $11.3 million business process outsourcing services agreement with Lam Research Corporation, a major supplier of semiconductor wafer fabrication equipment and services. The agreement is a renewal of a previous...
IT Vendors see more revenues from Maintenance Services
The new systems that clients were going to implement are delayed, which means there is more maintenance to be done – COO, Infosys Indian IT vendors are seeing more revenues from application maintenance services as cautious customers continue to hold back investments on deploying new technology systems. "Maintenance continues to be...
Thursday, May 21, 2009
Varma is now moving Supreme Court on Jana gana mana rann
Director Ram Gopal Varma has irked the censor board by tampering with the national anthem for the song Jana gana mana rann hai in his upcoming film Rann which stars megastar Amitabh Bachchan. Lawyers say there is no specific law to prevent...
I kissed Barbara On lips: Hrithik Roshan
Hrithik Roshan scorched the headlines when he locked lips with Aishwarya Rai in Dhoom 2 and Jodhaa Akbar.The star has made news for a lip-lock again, this time with Latin co-star Barbara Mori in Kites. But the actor says she helped him discard...
IT vendors vie for deals with Middle East telcos
A total outsourcing of IT systems, application development and maintenance and other back-office work will help these telcos become leaner and manage exponential growth in their business more effectively Middle East phone firms Telecom Egypt, Saudi Telecom Company (STC) and Zain Telecom plan to emulate the outsourcing model created by Indian...
Wednesday, May 20, 2009
Aishwarya Rai at Cannes 2009 Film Festival
Aishwarya Rai attends Cinema Verite 2009 Press Conference during the 62nd International Cannes Film Festival, Cannes, France............................
25 Reasons Why You Should Start Drinking Green Tea Now
Green tea has increasingly become a very popular drink worldwide because of its immensely powerful health benefits.It is extraordinarily amazing what green tea can do for your health.And if you're not drinking 3 to 4 cups of green tea today,...
Moon Shaped Skyscraper
Korean Heerim Architects has tried to reinvent the skyscraper with their two projects in central Asian republic of Azerbaijan. The two skyscrapers will be built in Baku, capital of Azerbaijan with a view on the Caspian sea . One building...
Nevada Shoe Tree
Between the small towns of Fallon and Austin stands a tree on the side of the highway. Much like the gum tree in Ohio, it has become a living, breathing work of collective art - a piece which has an unwritten history and a fluid, unending future....
Water Bridge over River
Even after you see it, it is still hard to believe ! Water Bridge in Germany .... What a feat! Six years, 500 million euros, 918 meters long.......now this is engineering! This is a channel-bridge over the River Elbe and joins the former East...
World's Oldest Animals
Jonathan the tortoise and Mischief the cat may have hit the headlines for their longevity, but there are plenty of other creatures giving them a run for their money in the age stakes.Mischief, the world's oldest cat, is 100 Photo: SWNS.COM...
Is 8ft Zhao Liang the world's tallest man?
At 8ft tall, Zhao Liang stands head and shoulders above the competition.Which is lucky, as the 27-year-old is in the running to be the world's tallest man. The current title holder is Bao Xishun ('the Mongolian mast'), who measures in at a...
HEADCOUNT @ IT COS: UP, DOWN OR STATIC
The past few quarter have been trying for IT companies. With IT chieftains like Wipro CEO Azim Premji terming financial year 2008-09 worst-ever. The year seems to be worst for IT companies on hiring front too. Other than pinkslips, previous quarters also saw a plunge in hiring at all IT companies. In fact, the last quarter ended March 2009 saw most...
