TCS to hire 15,000 more by March

by Guest 1/20/2011 6:00:00 PM

Mumbai: Tata Consultancy Services (TCS) plans to recruit up to 15,000 in this quarter which will ending March. In the last quarter TCS added 20,219 people (gross) its highest addition yet taking the company?s total headcount to 1, 86,914. Attrition was marginally up to 14.4 percent from the 14.1 percent in the second quarter of this fiscal.

 

"Our gross hiring has touched 50,000 in the first 3 quarters. We're looking to add around 12,000 to 15,000 people in the January-March period. The majority hiring will be in India, followed by the U.S., Latin America and other Asia-Pacific countries," said Ajoyendra Mukherjee, Vice-President and Head of Global Human Resources. 

The company will hire around 37,000 fresh graduates from colleges. Out of this more than 23,500 offers have already been made at 171 educational institutions. The process should be complete between mid- and end-February.

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Cognizant to recruit 25,000 employees in 2011

by Guest 1/20/2011 5:58:00 PM
Kolkata: IT firm Cogizant Technology Solutions (CTS) is set to engage at least 25,000 new employees in 2011, while focusing more within the country in tune with its strategy to expand operations in developing economies, a top company official said.

"The company, which had a mandate of growing at 38.8 percent last year, performed well in the last two quarters," CTS president and managing director (global delivery) R. Chandrashekaran told reporters after the inauguration of its second campus in Bantala SEZ complex in the eastern part of the city.
"Most of our campus recruitment process is over. So we are definitely looking towards a very healthy number of people. It will be at least as good as last year when 25,000 new people were recruited," said Chandrashekaran.

He said the performance of the company's Indian operations during the last couple of quarters has been good and there is a healthy demand.

"We are making a lot of investments in newer markets. Europe is growing. We are focusing on emerging markets like India, Middle East, Japan, Australia and ASEAN countries."

While not commenting on India's share in the company's global turnover, he said: "We are seeing healthy pick up in the global market. Given the potential the countries have, we are hopeful of growing faster in emerging geographies."

The company will, meanwhile, continue to make new investments in newer geographies including India.

"It had earmarked an investment of $180 million for Indian operations which has almost been utilised. We have not finalised about investments for 2011," Chandrashekaran said.

The second campus of the CTS spread over 20 acres land, will be developed in three phases. The first phase of the facility, a LEED-certified green building, has a capacity to accommodate over 4,000 professionals.

The company has invested around 200 crore for the construction of the first phase. After the completion of the project, the Bantala campus will accommodate around 16,000 professionals. 

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Hyderabad - Pending Traffic challans on your vehicle

by Guest 1/20/2011 5:36:00 PM
Hyderabad Traffic Police has created an online application to check the status of challans:
 
 
 
 
Please click here to check your vehicle status: http://59.90.212.185:8787/publicview/ More...

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Indian Railway Reservation Form Download and Instructions

by Guest 1/19/2011 5:43:00 PM

 

Click Here To Download The Reservation Form

Customers who would like too book their tickets through specialized Indian Railways Reservation Counters located around you, has to fill a Requisition/Cancellation Form if you desire to book a ticket. Requisition Form is freely available at the reservation counters and once has to duly fill it and submit it to the authorized booking officer present over there. The same form can be used to cancel at ticket which is booked through reservation counter also but you can’t cancel the eticket (booked online) in reservation counter.

There are many ways by which you can obtain the train tickets but one of the widely used method of train ticket is through Railway Reservation Counter.

Requisition Cancellation Form

For booking of train tickets through Reservation Counters you need to fill the Reservation form which looks like the above image (click to enlarge it). Filling of form starts with Providing your details like: if you are doctor then you can tick the above Box. This is useful because is an emergency, if you are traveling in the same train you can be helpful as a doctor over there. It would be easy for the authorities to identify from the list of travelers instead of personally going to everyone and asking or either doctor approaching them. Leave it empty if it doesn’t apply to you.

Next thing is about the Sr. Citizen Concessions. Tick mark in the space next to senior citizen from the top. Senior Citizen (age above 60 years) can available a discount directly at the time of booking the tickets provided you need to carry a proof of age like Voter ID card or Driving License during the journey or else you be fined under extant Railways Rules. Leave it empty if it doesn’t apply to you.

In the next box you need to tick whether you want to upgrade without any extra charges. Indian railways in order to utilize the available accommodations have introduced a scheme to upgrade a wait list passenger who has paid the full fare to the next higher class without any extra charge provided that there are any accommodation is available in other lower classes. Like if you are booking a wait-listed ticket in 3AC compartment and if the ticket doesn’t get conformed at the time of chart preparation, the algorithm of Indian Railways at the time of preparing the chart will allocate the lower next class to those who have ticked this box.

Next things are about the Train No and Name, Date of Journey, Class is either Sleeper Class or 3AC (3 Tier AC) or 2AC(2 Tier AC). No of Berth/ Seat which you want to book during the journey. Station From, Station To, Boarding at & Reservation Upto are the details of the stations where you want to board the train and want to reach where.

Next comes the boarding Person details. You need to provide details of each person who would like to travel. The details includes Name, Sex, Age, Choice of Berth (Either lower or Upper or Middle- This is provided as for the safety of Senior Citizen). And a special section for Veg/ Non Veg meal for Rajdhani and Shatabdi Express. If you would like to go for that then be sure to tick mark it. Per requisition form you can fill up to 6 person tickets and 2 children below five years which should be provided at next section of the form. For the children below 5 years Indian Railways doesn’t issue the tickets and also there are no charges for them to travel but they should be mentioned here if they are traveling.

Next section is Onward/ Return Journey Details. Fill this form if you are looking to book return journey tickets or onward journey tickets. You should provide details like Train No and Name, Date, Class, Station From, Station To. If this doesn’t apply to you then move to next section.

The next section is about the person who is at the reservation counter who booking the tickets. It includes Name of Applicant, Full Address, Phone number, time of booking and Signature. This details are to be provided because in case of emergency or at the time of death of the traveler in emergency or accident situations the person would be contacted for communications. You should fill this or else the booking agent wouldn’t accept the form.

The next section is “For Office Use Only”. As the title says you shouldn’t write anything here. This place is for the Indian Railways official purposes.

That makes your part of filling. Next thing you can do is give this form to the Reservation Clerk present at the reservation counter and who would check out the tickets and will issue the printed tickets to you if the accommodation is available as requested by you.

People who are booking Tatkal Tickets has to mentioned Tatkal at the top so as the Reservation Clerk would understand easily. Tatkal Tickets are provided just 3 days in advance before the commencement of the train journey at the starting station.

Click Here To Download The Reservation Form

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India

New Guidelines for Mutual Funds - Are you KYC Compliant?

by Guest 1/19/2011 5:26:00 PM

 

Dear Customer,
 
As per the recent changes in regulatory guidelines, effective from January 01, 2011, you are required to complete the CVL (CDSL Ventures Ltd.) 'Know Your Customer' ( KYC ) norms as prescribed by SEBI, to invest in Mutual Funds.
 
Some of you already may be compliant. To know if you are KYC compliant, please follow the steps 
listed below:
 
Step 1- Click on the following link and enter your PAN No in the space provided.
 
Step 2- On entering your PAN number, the module would display 2 options as listed below:
 
If the KYC module indicates ‘verified’, it means that you are KYC compliant. You only need to submit a print copy of the same to the AMC you wish to invest in. This is a one-time exercise with every AMC you invest with.
 
  OR
 
If the KYC module indicates 'Invalid Data', it means that your KYC details are pending and the same has not been verified by CVL. You need to submit the following documents.
 
  Click here to view the list of documents to be submitted to be KYC compliant.
 
For more information on the new CVL KYC guidelines, please visit your nearest ICICI Bank or contact your ICICI Bank Relationship Manager at the earliest.
 
To locate your nearest ICICI Bank Branch, Click here
 
Sincerely,
 
ICICI Bank Ltd.

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Indian designs futuristic concept mouse

by Guest 12/24/2010 5:10:00 PM

With advanced technology, PCs are giving way to laptops and laptops are making space for tablets. The humble mouse is also constantly evolving in its form and design. And the latest idea to stuck innovators is that of touch controls in the mouse.

As the touch controls are gaining popularity, a concept design is presented, titled Mouse for Men, which if realised into reality will change the way we use the mouse.

Conceptualised by Indian designer Nitin Mane, the concept mouse has touch controls, flexible touchscreen and pressure sensitive controls to boot. The touchscreen has an OLED display and the design is inspired by an original mouse. The concept device has a separable tail that eases the usability.

  

 

The interface of the mouse has displays the status, and the buttons and menus can be customized as per the need or preference of the users. The mouse also has emergency charging feature at the end of normal battery life.

The Mouse for Men was designed by Nitin Mane as part of the LG Cube Competition 2010. Mane is a student of animation and graphics.  

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EPF can make you a crorepati

by Guest 12/24/2010 3:42:00 PM

Don't you hate it when you look at your salary slip and find that sundry deductions have pared it down. But believe us, you should actually feel happy about one of these deductions-the monthly contribution to the Employees' Provident Fund (EPF). The 12% of your basic salary that flows into the EPF every month has the potential to make you a crorepati when you retire. 

Sounds unbelievable? After all, the investment seems too small and the interest rate offered doesn't seem too high. But don't forget that a matching contribution comes from your employer every month. Don't also underestimate the power of compounding and what it can do to your retirement savings over the long term. As the graphic above shows, the 8.5% interest earned on the EPF can help a person with a basic salary of Rs 25,000 a month accumulate a gargantuan Rs 1.65 crore in 35 years. 

The Direct Taxes Code had initially proposed that new contributions to the EPF be taxed on withdrawal. However, the revised draft has once again made EPF fully exempt. This makes it the best debt option available in the market. 

In fact, the EPF can single-handedly account for the debt portion of your financial portfolio. You need not invest in tax inefficient fixed deposits or worry about which debt fund to invest in. All you need to ensure is that you don't ever withdraw from your EPF account till you hang up your boots. If at any stage you find that your debt portion is lagging, you can add more through a voluntary increases in your contribution. 

However, few people are able to reach even the Rs 1 crore milestone in their careers. EPF rules allow encashment of the accumulated corpus when a person quits a job and it's not uncommon for people to withdraw their PF at that stage. 
 
 
 
 
This is despite the fact that the government discourages you from withdrawing the money. The withdrawals from the EPF within five years of joining are taxable. The tax will be minimal if the person is jobless and has no significant income from other sources but he won't completely escape the tax net. "When you withdraw you do not let the power of compounding to come into play," cautions Suresh Sadagopan, a Mumbai-based financial planner. More...

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Honda, Hero reach pact for parting ways

by Guest 12/4/2010 5:37:00 PM

Japanese auto giant Honda has reached an agreement to dissolve their 26-year old joint venture, Hero Honda, with the Hero Group by selling its entire stake in the India's largest two-wheeler maker.

Honda Motor Co is expected to sell its entire 26 per cent stake in Hero Honda to its partner Munjals-promoted Hero Group and would earn $1.2 billion from the sale, Kyodo reported quoting Japanese Nikkei business daily.

Honda, Hero reach pact for parting ways
 


"Honda and the Hero Group have reached the basic agreement this week to dissolve the partnership," Nikkei said, adding that the two companies will seek final approval from their respective board of directors later this month for the break-up. The parting of ways comes 26 years after the joint venture was set up in 1984.

The Japanese firm will offload its entire stake by as early as March next year and will no longer provide technical support to Hero Honda, the paper said. More...

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Azim Premji gifts Rs 88,460,000,000

by Guest 12/2/2010 11:12:00 AM

In India's largest ever philanthropic gesture, Wipro Chairman gives Rs 8,846 crore to elementary education; in the league of Rockefeller, Ford & Gates

Wipro Chairman Azim Premji has announced the transfer of 213 million equity shares valued at around approximately Rs 8,846 crore to an irrevocable trust that will finance social and not-for-profit initiatives undertaken by the Azim Premji Foundation. With this, Premji's holding (including entities controlled by him) in the company slides from 79.36 per cent to about 68.42 per cent.

Azim Premji gifts Rs 88,460,000,000

 

The transfer will be effected by December 7. The trust will fund, among other things, the proposed Azim Premji University that aims to improve the standard of elementary education in the country. Premji's donation to the foundation catapults him into the leagues of John D Rockefeller and Henry Ford.

"We believe that good education is crucial to building a just, equitable, humane and sustainable society. We want to contribute significantly towards improvement of education in India, and through that towards building a better society," Premji said in a statement.More...

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IIM student who turned down corporate offers to join Congress

by Guest 11/19/2010 4:45:00 PM

Himanshu Meena has his priorities sorted. The IIM-B student wants to change India's politics and will intern with the Congress party next summer.

Off the beaten path', 'breaking new ground' - the cliches are endless, but what happens when an IIM student shuns the lure of investment banking firms and FMCG companies and decides to work with a political party? 'Killing a career before it started', 'professional suicide' most would exclaim. Himanshu Meena takes the brickbats in his stride.

The IIM Bangalore student will spend the summer of 2011 with India's oldest political party - the Congress.

For all post-graduate programmes in all the IIMs an internship is compulsory. Corporate giants line up at campuses in November for 'summer placements', which take place in April-May. Himanshu decided he would skip the placements. Because he plans to set up a consultancy firm which will devise campaign strategies for political parties in the run up to elections.

"I followed the last US Presidential elections and noticed how immensely organised the whole process was," says Himanshu. "In India, there is no organisation, no record of what funds go where, whether they are actually used at all. So I want to bring in a process that makes everything clear."

 

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