IT cos moving to Vizag from Hyderabad

by Guest 3/11/2010 7:47:00 PM

Source : CNBC-TV18

IT companies are moving lock, stock and barrel to Vizag from Hyderabad. One of the reasons is that their employees want a better quality of life.

The palatial campus of Kenexa, a human capital management company, is one among several companies that are relocating their headquarters to the Rishikonda Hills of Vizag. Kenexa has invested nearly USD 10 million to build the 700-seater campus. Nearly 60% of the company's employees working in Hyderabad have opted to move here.  “The first batch of 30-40 employees have already moved. Hopefully, by the year-end, 60 to 70 per cent of them will move here. Our future growth will be in Vizag. We are committed to it and this will be our future global service centre,” said Raghuveer Sakuru, MD, Kenexa (India). Kenexa said the reason for the move is increasing pollution and traffic congestion in Hyderabad. Though the company had to spend nearly USD 3 million on relocation packages for its employees, it's not complaining. "The cost of the land is significantly lower here. So, you can afford to build bigger buildings and give larger workstations. So, our average per employee square feet runs into 160-170 square feet,” said Rudy Karsan, Global CEO, Kenexa. Software companies are also relocating to Vizag. Satyam is constructing its second campus while Infosys, Wipro and TCS are making huge investments in the city.  Instead of going for fresh recruitment, the companies are planning to relocate their employees from Hyderabad to Vizag. They are hopeful that their employees will be more than willing to work from Vizag, even at lesser salary.  “The awareness among youngsters is such that they are willing to even accept 10-15% lower earnings and be in a place like Vizag than in a congested and polluted place like Hyderabad,” said Pradeep Dhobale, Chairman, CII Andhra Pradesh. The Vizag district authorities are trying to take advantage of the trend. They have started offering group-housing schemes to attract young professionals.

Do we really deserve a Men's Day?

by Guest 3/11/2010 1:33:00 PM
The build up to Women’s Day this year has been quite baffling for me. Lots of emails floating in the office emphasizing on the importance and existence of a Woman and also about the mega celebrations on the Women’s Day, including activities like ethnic fashion show and tempting and free sumptuous snacks to name a few but all with a disclaimer of ‘ For Women Only’, as if it has been deliberately planned to outcast people like me who are more than interested in both the fashion show and free sumptuous snacks. If this wasn’t enough the moment I entered my office this morning, I was in a fix that whether I have entered a wrong place or what, because I was totally misled by the soothing smell of 100’s of exotic perfumes and deodorants, forcing me to believe that I have mistakenly entered the banquet hall of Hotel Taj Krishna but for the same boorish expression on the building's security guard's face which made me realize that I am very much in the same place, I visit daily. Moments later I was again confused to find myself in a Ladies Sangeet gathering, but for their ID cards, the women all around were all heavily clad in none less than bridal saarees, overtly laden with truck loads of glittering jewelery and with atleast 3 extra layers of make up than usual, painted on their slightly familiar faces. Somehow I garnered little strength and tried to strategically place myself besides two other guys waiting for the elevator, who were also looking equally shocked,oppressed and frightened by the in flavor attitude of Women's Day. Now to add to our fury the elevator door opened and we found three equally over dressed prospective brides on the other side of the door, one of them was reading the Women's Day special edition of The Times of India and the other two were vociferously discussing the odds of passing of Women Reservation Bill in the parliament. I was anxiously waiting along with the two other pity souls on the edge of the elevator door for our destined floors to come, we were in such a state of petrification that can only be matched by 1st year engineering students in front of their most dreaded seniors, anticipating the cruelest form of ragging. But after probably one of the longest wait of my life the elevator doors opened on my floor and I almost ran to reach to my cubicle seat only to drink one full bottle of chilled water and kept wondering can't this day be an optional holiday for all the non women employees?

All the while I was thinking what bad or what cruel all the men on this planet have done that they don't have a day called 'International Men's Day' celebrating the cause of masculinity or manhood. The maximum the men get is a day called ' Father's Day' but to qualify for that one has to be a father at least. So no luck for young and mis opportune people like me here too. So what could be the reason of no such concept like 'Men's Day' in practice, as against the annually celebrated 'Women's Day'? One reason could be, we the men don't have the stamina and capacity to continuously chat on endlessly and hence we don't qualify for such felicitations. Another reason can be we the men don't have those extra terrestrial wooing powers which the likes of Urmilas and Shakuntalas had which made the likes of staunchest saints and yogis drooling for these ladies, leaving behind all there ethics and beliefs. Another probabilistic reason can be we hardly stand anywhere when it comes to the qualities of beauty and good looks. So with all these follies how can we even dream of a special day dedicated to our fraternity. So there is no point cribbing and getting jealous on the mega celebrations on Women's Day. In this hazy scenario the best we can do is to wish and pray to the almighty god that ' Agle janam mujhe beti hi keejo'.

But on a full on serious note I salute the intensity with which the women all around the world celebrate the concept of Women's Day. I really feel that all the women, be it our mothers, be it our sisters, be it our wives, be it our daughters or be it our house maids, all of them deserve a standing ovation for all the sacrifice, love and care they have given for the well being of the entire mankind. We the men of this planet can not repay this debt by any means, the least we can do is we can minimize this deficit by not harassing these beautiful women by the means of eve teasing, domestic violence or cruel things like dowry demands. The love, the care and the concern which we receive from all these wonderful angels is way beyond our imagination and rather priceless in comparison to any monetary or materialistic substitute we yearn for. We should always give due credence and respect to all the pain a woman bears for us right from the most excruciating pain of all pains, i.e the Labor Pain to the other unbearable mental pains we experience in our lives, just to give us a happy existence all through our lives. Also if there is some love, harmony and peace in today's world its just because of these beautiful princess, otherwise we men are far too carnivorous and blood thirsty to survive the myths and demons of anger, lust, power and pride.

So let us all take a pledge to treat all the women in our lives with utmost love and care and rather place them one pedestal above all the men, keeping aside our inflated male chauvinist egos and join all these beautiful ladies in the celebration of this day not just as a Women's Day but more so as a remembrance for all the sacrifices and act of love and kindness they have continuously bestowed on us. And thanks to all those beautiful women in our lives whose unconditional love and care for us is much deeper than those six layers of multi cosmetic makeups:)

Happy Women's Day!

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Fun Stuff | India | Invention | Timepass Mails

Wait For A Brick

by Guest 3/11/2010 1:14:00 PM

A young and successful executive was traveling down a neighborhood street, going a bit too fast in his new Jaguar. He was watching for kids darting out from between parked cars and slowed down when he thought he saw something. As his car passed, no children appeared. Instead, a brick smashed into the Jag's side door! He slammed on the brakes and drove the Jag back to the spot where the brick had been thrown. The angry driver then jumped out of the car, grabbed the nearest kid and pushed him up against a parked car, shouting, "What was that all about and who are you?
Just what the heck are you doing?
That's a new car and that brick you threw is going to cost a lot of money.
Why did you do it?"
The young boy was apologetic. "Please mister ... please, I'm sorry... I didn't know what else to do," he pleaded.
"I threw the brick because no one else would stop..."
With tears dripping down his face and off his chin, the youth pointed to a spot just around a parked car.
"It's my brother," he said.
"He rolled off the curb and fell out of his wheelchair and I can't lift him up."

Now sobbing, the boy asked the stunned executive, "Would you please help me get him back into his wheelchair? He's hurt and he's too heavy for me."
Moved beyond words, the driver tried to swallow the rapidly swelling lump in his throat. He hurriedly lifted the handicapped boy back into the wheelchair, then took out his fancy handkerchief and dabbed at the fresh scrapes and cuts. A quick look told him everything was going to be okay.

"Thank you and may God bless you," the grateful child told the stranger.
Too shook up for words, the man simply watched the little boy push his wheelchair-bound brother down the sidewalk toward their home. It was a long, slow walk back to the Jaguar. The damage was very noticeable, but the driver never bothered to repair the dented side door. He kept the dent there to remind him of this message: Don't go through life so fast that someone has to throw a brick at you to get your attention!

God whispers in our souls and speaks to our hearts. Sometimes when we don't have time to listen, He has to throw a brick at us.

It's our choice: Listen to the whisper ... or wait for the brick!

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Fun Stuff | India | Information

S&P 500, Dow now on NSE

by Guest 3/11/2010 11:19:00 AM

In a major development that will allow Indian investors access to the American market, the National Stock Exchange (NSE) has decided to begin trading in futures contracts of S&P 500 and Dow Jones Industrial Average (DJIA), two of the world's most influential market indices.

This will be the first time the two indices will be traded in markets outside the US.

At the same time, Nifty, NSE's benchmark index comprising India's [ Images ] 50 top blue-chip stocks, will be traded on the Chicago Mercantile Exchange (CME). The S&P 500 and Dow indices are licensed to the CME.

The listing and trading arrangement for these indices, which are subject to regulatory approvals in India and the US, was announced by the National Stock Exchange and CME in a joint statement this evening.

The S&P 500, which has Exxon Mobil, Microsoft [ Images ] and Apple as the most weighted stock in the index, is regarded as the single gauge of large-cap US equities since 1957, capturing 75 per cent of US equities by market capitalisation. The Dow is among the most closely-watched benchmark indices tracking the performance of the US industrial sector.

Besides the cross-listing and licensing agreements, the two bourses have also signed an agreement on other areas of potential co-operation such as the development and distribution of financial products and services.

NSE's affiliate, India Index Services and Products Ltd (IISL), has granted an exclusive licence for Americas and Europe to the CME Group for trading in the Nifty 50.

Samir Arora, fund manager at Singapore based Helios Capital Management said: "It is a big positive move for Indian markets and investors. The domestic fund houses, even retail investors, will be able to hedge their risk by taking counter-positions in US indices, since news flow from the US had a major influence on capital markets around the world."

The Nifty index is currently traded only in Singapore outside India and trading has recorded phenomenal growth of over 700 per cent on the Singapore Stock Exchange in the past couple of years. Hedge funds are known to take huge positions on the SGX.

Ravi Narain, managing director and chief executive officer of NSE, said this association with the CME Group would make the Nifty 50, and, over time, potentially other products across various India-related asset classes, available to a much larger community of traders and investors. At the same time, investors in India would have access to new exchange traded products that reflect some of the world's most widely traded equity indexes," he said.

Craig Donohue, Chief Executive Officer, CME Group, said as the world's 12th largest and one of the most rapidly growing economies, India was an important part of CME's efforts to develop strategic partners in key growth markets.

NSE also announced an agreement to explore the listing and trading of more India-linked products on the Singapore Exchange Ltd, which already has a licence to trade in the Nifty 50.

Separately, NSE has also tried to strengthen its product offering on the SGX. Under an agreement signed between NSE and SGX today, both exchanges will explore future collaboration in the expansion, development and promotion of India-linked products and services to be listed on SGX. 

Subject to regulatory approval, these products may include equity products and other asset classes. The two exchanges also will look into a bilateral securities trading link to enable investors in one country to seamlessly trade on the other country's exchange.

NSE and SGX have has a successful partnership since 2000 with the launch of the SGX S&P CNX Nifty Futures, which had trading volume of 7.1 million contracts last year.

Source:

Tendulkar breaks Cricinfo records too

by Guest 3/11/2010 11:11:00 AM
Tendulkar breaks Cricinfo records
 
 
Sachin Tendulkar - breaking records on field and online © Getty
 
Sachin Tendulkar’s record-breaking didn’t stop on the field on February 24. He shattered many on Cricinfo. We recorded 45 million page views that day, and our highest number of unique users in India and the United States. The match report for the Gwalior ODI became Cricinfo's single most read piece of content.It has always been so. If evidence was ever needed to confirm Tendulkar’s status as the world’s most-adored cricketer, it can be found in our logs. Month after month, year after year, he remains the most-searched cricketer on Cricinfo; by a huge margin, his profile page is the most visited player page on the site; and in any given month, headlines (often more than one) featuring his name are among the top 10 on the site.Among other things, he also broke a couple of our servers that day. Trust me, we make serious contingency plans for peak moments, and certainly we have never underestimated your love for Tendulkar. But obviously, there is no accounting for it. As he stood a couple of runs away from making history, so many of you logged in together that our servers blinked. It was a desperate few minutes, but in a sense, it was also a moment of vindication of your faith in us. Many of you got on Twitter to vent your frustration, and there was one post that stood out: “You know you are large when you crash Cricinfo.”

Walk-in Interviews for Mainframe Professionals over the weekend

by Guest 3/10/2010 10:49:00 PM

Technical competency

CICS , DB2 , JCL ,COBOL  ( All Mandatory skills)

Job Description

·      Technical competency - CICS , DB2 , JCL ,COBOL ( All Mandatory skills)

·      Minimum Hands on duration for all the above skills ( 2+ years)

·      Overall MF experience of 2-8 yrs

·      Development experience of more than 2+ years is a must

·      Ability to do impact analysis from functional requirements , low level design , development and testing

·      Good communication skills

·      Banking or Insurance domain knowledge would be helpful

·      Candidates without CICS skill would not be considered for this drive

Experience

2-8 years

Drive Location


BangaloreSaturday, 13th March 2010 & Sunday, 14th March 2010

Capgemini 1B building

RMZ Ecospace, ORR Service Road,

Bangalore, Karnataka‎ - 560037

Drive Timings

9.00 AM to 5.00 PM

Job Location

Pune, Chennai and Hyderabad

Contact Person

Ajay Babu Mali (Extn: 27736)

Requisition Id:

2010_87498_010

Note:

Associates can ask their referrals to walk in to the venue directly.

Only Face to face interviews would be conducted and no telephonic rounds.

Company I-card for the candidate is a must.

Only uploaded profiles would be considered as referrals.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Kindly ensure that you upload your referrals profile on the iConnect to become eligible for the referral bonus.

Associates can directly refer their friends against these requirements, listed on https://orts.fs.capgemini.com>>Employee referral

   

¨        Contractual Employees are also eligible for the Referral Bonus.

¨        Referee of the Candidate joining Capgemini FS-SBU on Contractual position is eligible for the Referral Bonus of Rs. 5000/-

¨        The Resumes submitted would be valid for a period of 6 months from the date of Submission and will be open for re-Submission after 6 months.

Please visit the link below for any additional information on Referral Policy  
https://orts.fs.capgemini.com>>Employee referral>>User Manual

To Refer online, log onto https://orts.fs.capgemini.com>>Employee referral. This would help us process your referral bonus without fail.

           For any queries, please mail Gaurav Dalvi at gaurav.dalvi@capgemini.com

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Current IT market | Hot Jobs | India | Information | Software Companies

Downturn effect: More loyal employees!

by Guest 3/10/2010 4:25:00 PM
 

More than a third of employees surveyed have become more loyal to their companies after the economic downturn as the difficult conditions helped in strengthening bonds between workers and bosses, global workforce solutions provider Kelly Services said.

According to the global survey, conducted between early October 2009 and end of January 2010, 36 per cent respondents in India  said the economic downturn has made them more loyal, while five per cent said it has made them less loyal.

At the same time, 58 per cent said the downturn has made no difference. Those workers who are more loyal to their employers attribute the shift to positive management, positive morale, and pay levels that have improved or remained steady, the survey stated.

However, those who are less loyal believe it is due to falling pay, poor management and low company morale. "Employers who have communicated openly with their staff about difficult economic conditions and tried their best to look after staff, have been able to build strong levels of trust in their firms.

This heightened loyalty is likely to become a real advantage, with a more committed and focussed workforce, as the economy recovers," Kelly Services Managing Director India Kamal Karanth said. Other key findings of the survey revealed that close to 60 per cent of respondents feel "totally committed to their current employer".

When asked to name the one thing that would make an employee more committed to their job, 52 per cent cited 'more interesting or challenging work', followed by 'more meaningful responsibility' (21 per cent), the Kelly Services survey said. In assessing a firm's reputation, employees place most weight on the quality of its leadership, products and services and employees.

Least important are features such as global presence, financial performance and initiatives aimed at fostering corporate social responsibility, it said. "When we look at the things that motivate people in the workplace, it's clear that opportunities for personal growth and development are critical, as is the chance to perform stimulating and challenging work," Karanth said.

"Pay is certainly a motivator but it's not as big as some imagine, which means that employers have to examine a broader range of employee conditions and business features if they want to have the workforce performing at its best," he added.

The findings are part of the Kelly Global Workforce Index, which obtained the views of about 134,000 people, including over 4,000 in India.

Why govt must NOT focus on slum-free India

by Guest 3/10/2010 4:20:00 PM

In his recent Budget speech, the finance minister reiterated the government's plans to make India [ Images ] "slum-free" within five years. This mantra is now being chanted in many urban-related conferences. However, this raises a number of questions. What does a "slum-free" India really mean? Is the removal of slums really desirable? Most importantly, what needs to be done to improve the lives of the millions of urban poor? In this article, I will argue that public policy should focus less on getting rid of slums and more on rethinking property rights, especially those of the poor.

The flow of urban poor

The conventional view for making our cities slum-free is that we should build low-cost housing and shift the existing slum-dwellers into them. There is a serious flaw in this solution because the urban poor are not a static group but a flow.

In the last two years, I have travelled across many parts of rural India. The message is very clear. The children of farmers no longer want to stay on in their farms. No government scheme is going to hold back the change in aspirations. The country's cities need to prepare for the influx. In an earlier column, I had argued that slums play an important role in the phase of rapid urbanisation by absorbing and naturalising the new migrants into the urban landscape. As hundreds of millions of people are absorbed into urban India, slums and small mofussil towns will be needed as routers in this process. If we simply get rid of today's slums, we will merely get new ones.

The point is that we should concentrate on alleviating urban poverty rather than getting rid of slums. The former is the problem and the latter is merely the symptom. Peruvian economist Hernando de Soto has been arguing for years that the solution lies in strengthening the property rights of the poor. This is usually interpreted as formalisation of squatter rights. This may make sense in Latin America, which has a relatively stable population of urban poor and whose economy is growing slowly. However, this is too narrow an interpretation for a high-growth economy like India where booming urban centres are sucking in millions of new migrants.

The first problem with recognising squatter rights is that we create problems of governance by potentially encouraging land-grab. We not only have to think about today's urban poor, but also about the incentive structure presented to the next generation of migrants. Second, the formalisation is usually done on the basis of a cut-off date. This often recognises the rights of better-off old-timers against those of poorer newcomers. Finally, and most importantly, in next generation cities like Gurgaon, the poor live in the "urban villages" where property rights are very clearly defined and any tampering would cause serious social upheaval. So, what should we do?

Beyond merely ownership
In my view, we need to rethink the property rights of the urban poor as being much more than the ownership of real estate. This is especially true when we have a pipeline of migrants who do not have any existing claim on the city's land. Therefore, alleviation of urban poverty must focus on those property rights that will benefit these migrants and allow them to climb the economic ladder. There are three broad categories of such interventions:

Identity as a property right: The single-most important, and sometimes only, asset of a poor migrant is her identity. Without any form of identification, it is very difficult for a newcomer to fit into the urban landscape — no gas connection, no mobile phone, no voter rights, no credit and so on. It is nearly impossible for such an individual to apply for jobs in the formal economy or sometimes even as domestic help. Thus, a reliable and robust system of identification is invaluable. This is why Nandan Nilekeni's Unique Identity Number scheme may turn out to be a major intervention.

Access to the 'commons': The urban poor rely heavily on the "commons" to lead their lives. Therefore, much of their property rights relate to access to public amenities rather than to private space. These include access to public transport, public toilets, public health, parks/open spaces, pedestrian networks and so on. These user rights are far more important to the poor than merely providing a "housing" solution for the individual. Urban design and public investment needs to be reoriented to focus on the commons.

Legal infrastructure: All rights, including property rights, exist only within a legal framework. Urban laws and their application need to be oriented towards protecting the legitimate needs of the urban poor, especially in areas related to livelihood. For instance, street hawkers need to be recognised and incorporated into the legal and architectural framework of the city. Rather than see hawkers merely as a nuisance, we should see them as part of the ecosystem of a vibrant city. What they need is transparent regulation not banishment. The current approach taken by most municipal authorities is merely leading to the proliferation of illegal hawkers and to corruption.

If these frameworks are put in place, the urban poor will themselves find ways to move up the value chain. Indeed, the slums themselves will evolve and upgrade (as is happening anyway in many of the older urban villages of Delhi [ Images ]).

To conclude, we need to strengthen property rights that can be leveraged by the pipeline of future migrants. In Latin America, it may make sense to interpret property rights as mostly relating to land titles and squatter rights. The population of urban poor in Latin America is relatively static - the countries are already fairy urbanised and their economies are growing slowly. In India, the throbbing economy is sucking millions of new migrants. We need to think of property rights in ways that allow these new migrants to enter and climb the system.

The author is the President of Sustainable Planet Institute

I am living my dream: Tendulkar

by Guest 3/9/2010 11:20:00 AM
 

sachin tendulkarBatting maestro Sachin Tendulkar  on Monday said he was still receiving congratulatory messages for becoming first batsman in the history of One-day cricket to score a double hundred and he was enjoying the good times.

"It has taken many years for a batsman to get a double-hundred (in ODIs). I am still getting great feedback. It feels terrific," he said on the sidelines of a function in Mumbai

Asked when his fans would get to see a triple century from him in Test cricket, the master blaster said, "whenever it comes. It will be never late, I don't make big statements."

"I wanted to play cricket whole-heartedly for the country. I am living my dream and have played with two-three generations. I wanted to be a special member of the team and I have done it," he added.

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India | Sports

A miracle called Tirupur!

by Guest 3/8/2010 8:45:00 PM
 
   


One look at the unruly traffic, the noise, the pollution and the dusty, dug-up roads and you could be forgiven for wondering if you are in one of the many such small towns that dot the Indian landscape. But you couldn't be more wrong.

This place is pretty special, although there is no indication to the fact that it is one of the largest foreign exchange earners for India. Or that the biggest global brands get their garments made in this small city and that the garments made here are sold in the largest retail stores across the world.

Welcome to Tirupur (occasionally spelled Tiruppur), a city of around 600,000 people in Tamil Nadu. It has a population of over a million in the urban agglomeration and has been registering an annual growth of 30 per cent since 1998.

This city exports knitwear worth Rs 11,000 crore (Rs billion) (Rs 110 billion) a year but it has no airport -- the nearest one is in Coimbatore (50 km away) and the nearest seaport is in Chennai.

The first stop for any international buyer of Indian garments is Tirupur. Buyers from 35 countries frequently visit Tirupur. Tirupur can deliver customised samples in less than 12 hours; half a million pieces in a matter of days.

There is a nondescript railway station at Tirupur and all the trains that go to Coimbatore stop here for less than 10 minutes. However, there is an inland rail container depot at Tirupur.

How it all began

The amazing growth of Tirupur as the Indian hub of garment exports started only in the late seventies. Before that, this small town was the manufacturing hub of white knit inner wear (the first knitwear unit in Tirupur was set up in 1925 and it emerged as the prominent centre for knitwear in South India in the 1940s) thanks to the Noyyal river and the cotton belt all around the city. With the Manchester of India -- Coimbatore -- next to Tirupur, it was only natural that the city should evolve as the garment manufacturing powerhouse of the country.

Initially, knitwear from Tirupur went to suppliers and exporters in Kolkata and Mumbai. But in the late seventies, Italian garment importer Verona chose to go directly to Tirupur to buy white T-shirts, and that was the beginning of the rise of a new Tirupur.

In short, Verona was the man who brought European business directly to Tirupur. In 1981, European retail chain C&A also came to Tirupur. In no time, other international stores too started approaching the garment manufacturers in Tirupur

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