In India Engineers day is celebrated and observed on 15th September every year in memory of Sir M Vishweshwaraiah
Wednesday, September 15, 2010
Read About Him
Patni CEO gets Higher Salary than Microsoft's Steve Ballmer
NEW DELHI: Patni Computer Systems, 90 times smaller than Microsoft by revenues, cannot hold a candle to the US software company on most counts. There is one notable exception though — CEO pay.
The cash portion of Patni chief executive Jeya Kumar’s compensation was twice that of Mircrosoft’s Steve Ballmer in 2009. An Australian citizen, Mr Kumar, 55, received Rs12.19 crore for the year to December 2009 compared to $1.26 million, or nearly Rs6 crore, for the fiscal to June 2009 for Mr Ballmer.
Tuesday, September 14, 2010
Himachal Project worth Rs. 100 Crore goes to HCL Infosystems
Bangalore: HCL Infosystems has bagged the Re-structured Accelerated Power Development and Reform Programmme (RAPDRP), which is a 100-crore order from the Himachal Pradesh State Electricity Board (HPSEB).
A state wide solution to establish the baseline data and IT applications for energy accounting or auditing and IT based consumer service centers in 14 towns will be deployed in this project.
Source: Silicon New Network
KASHMIR : Under the Fire Again!!!! Whome to Blame? Politicians or Extremists?
Air services to and from Srinagar have been suspended for three more days. Air services in Srinagar were earlier under suspension since September 3 due to renovation work on the runway, but were otherwise operating from the military airport at Awantipora in Pulwama. The services have now been been stopped due to bad security situation in the Valley.
‘Dabangg’ earns 14.5 cr on Day 1, beats ‘3 Idiots’
MUMBAI: ‘Dabangg’ may not be a great piece of art but the film is set to become one of the biggest blockbusters of Bollywood. The film that opened on Friday at the box office has already beaten the first day collection of Aamir Khan-starrer ‘3 Idiots’ .
It has grossed Rs 14.5 cr on the first day surpassing ‘3 Idiots’ which collected Rs 13 crore on Christmas last year.
Trade analyst said, ‘‘ ’Dabangg ’ is one film that everyone wants to watch because of the hype that Salman created before release. It has generated tremendous curiosity among the audiences . The long festive weekend will also work to the advantage of the film. One really cannot comment on whether it will surpass 3 Idiots’ collection but indications are that the film is going to be one of the biggest hits ever.’’
A lucky Year for Sallu Miya...Isn't it??
Mukesh Ambani can be the richest man in world in 2014: Forbes
"One of the predictions is that Reliance Industries' chief Ambani, who currently has a net worth of 29 billion dollars, pips the world's richest man Mexican businessman Carlos Slim to top Forbes' rich list in 2014," it said.
Ambani's net worth swells to USD 62 billion while Slim is "hit hard by Mexican political, financial chaos," according to the prediction by Forbes.
53-year-old Ambani currently ranks fourth on Forbes' list of the world's billionaires.
Forbes has listed a number of events that could happen over the next 10 years in the field of politics, energy, medicine, finance, society and technology. The publication asked its staff and contributors to forecast some of the "noteworthy events" till 2020.
Source: The Economic Times
Monday, September 13, 2010
India ahead of China in best nations for business
However, the sad part is for a nation that is the second fastest growing economy in the world, India lags behind several developing countries in terms of doing business. Close neighbors Sri Lanka and Pakistan were placed at 83rd and 92nd ranks respectively.
In its fifth annual rankings, Forbes categorized the 128 nations of the world on the basis of property rights, technology, corruption, red tape, investor protection and stock market performance.
Source: Silicon News Network
India's cloud computing market to be worth $1 bn in five years
 |
| Cloud Computing |
NEW DELHI: The country's nascent cloud computing market, a platform where software applications and related resources can be shared online, is expected to touch USD 1 billion in the next five years, says a survey. "India's cloud computing market will be around USD 1 billion over the next five years," consulting firm Zinnov Management Consulting said in a report.
The cloud computing platform is expected to mainly benefit enterprise SMB (small and medium business), SOHO (small office, home office) and consumer segments.
A recent study, sponsored by IT infrastructure firm EMC, said that rising growth in the digital information space would create a significant market opportunity for both the cloud computing and storage.
Going by EMC estimates, the storage market in India will be over USD 1 billion in the next five years.
Digital information in India will grow from 40,000 petabytes to 2.3 million petabytes (one petabyte equals 1,000 terabytes) over the next decade (2010 to 2020), twice as fast as the worldwide rate.
Friday, September 10, 2010
Mahindra Satyam removes freeze on hiring, to recruit 3,000
This is first time that Mahindra Satyam, the new brand entity of Satyam, will visit campuses to hire talent after the Satyam Computer scam erupted in January, 2009.
The company had to freeze campus hiring after Raju's accounting fraud left it on the brink of collapse.
"We are going to recruit close to 3,000 entry-level associates and at the same, we will look at hiring across various technologies and competencies. We will visit campuses and begin the process from the next month," Mahindra Satyam Head of Recruitment M V Sridhar said.
At present, the company employs about 30,000 people. In April, 2009, Mahindra Group's IT arm, Tech Mahindra acquired a majority stake in Satyam and rebranded it as Mahindra Satyam.
"With the brand Mahindra Satyam winning back clients and getting repeat business from existing clients, we think this is the right time to visit the campuses and hire talents," Sridhar said.
Working with renewed vigour under trying circumstances, Mahindra Satyam has secured nearly 35 new clients over the last 20 months since the Satyam scam broke out in January, 2009.
The company had also secured an extension of contracts with existing clients such as GE and GlaxoSmithKline. It has also worked on projects including the Fifa World Cup.
Mahindra Satyam was the 2010 FIFA World Cup official IT services provider.
Economic Times
Gold drops further on weak global cues; silver holds steady
NEW DELHI: Gold prices fell by another Rs 130 in the national capital today on sustained selling by stockists, triggered by a weak global trend.
Gold of 99.9 per cent and 99.5 per cent purity fell by Rs 130 each to Rs 19,240 and Rs 19,140 per ten grams, respectively. The precious metal had lost Rs 100 in the previous trading session.
Dealers said that selling pressure gathered momentum after prices of the precious metal fell in global markets amid a rise in US equities, eroding demand for the precious metal as an investment haven.
They said a lack of demand from retail customers for buying gold at existing higher levels also brought down prices.
Gold in overseas markets, which normally sets the price trend on the domestic front, fell by USD 11.20 to USD 1,244.00 an ounce.
Sovereigns continued to be traded at the previous level of Rs 15,000 per piece of eight grams in restricted buying at prevailing levels.
On the other hand, silver ready and weekly-based delivery held steady at Rs 31,650 and Rs 31,375 per kg, respectively, on lack of buying support from industrial units and coin- makers.
Silver coins prices also remained stable at Rs 35,000 for buying and Rs 35,100 for selling of 100 pieces.
Economic Times
Gold of 99.9 per cent and 99.5 per cent purity fell by Rs 130 each to Rs 19,240 and Rs 19,140 per ten grams, respectively. The precious metal had lost Rs 100 in the previous trading session.
Dealers said that selling pressure gathered momentum after prices of the precious metal fell in global markets amid a rise in US equities, eroding demand for the precious metal as an investment haven.
They said a lack of demand from retail customers for buying gold at existing higher levels also brought down prices.
Gold in overseas markets, which normally sets the price trend on the domestic front, fell by USD 11.20 to USD 1,244.00 an ounce.
Sovereigns continued to be traded at the previous level of Rs 15,000 per piece of eight grams in restricted buying at prevailing levels.
On the other hand, silver ready and weekly-based delivery held steady at Rs 31,650 and Rs 31,375 per kg, respectively, on lack of buying support from industrial units and coin- makers.
Silver coins prices also remained stable at Rs 35,000 for buying and Rs 35,100 for selling of 100 pieces.
Economic Times
U.S. IT cos bags India's major e-governance deals
Bangalore: At a time when Indian IT industry is lamenting over Ohio banning of state offshoring projects and competing each other to grab more U.S. outsourcing markets, U.S. IT and consultancy firms are signing lucrative deals from India's booming e-governance spends. Interestingly, most of the strategic planning for e-governance in India is done by U.S. consulting firms, though HCL, Wipro, Infosys and TCS have consulting arm, reports The Economic Times.
IBM, one of the leading IT provider, is one of the vendors in the 2,000 crore Tax Net project being implemented by the Central Board of Direct Taxes, while its U.S. rival Accenture has landed one of the contracts in the prestigious Unique ID (UID) project. IBM, along with Hewlett Packard, is also competing with home- grown Indian service providers such as Tata Consultancy Services, Wipro and Infosys Technologies for another 2,000- crore contract, which is part of the UID project.
Most of the major U.S. IT firms are involved in different deals with the government. Microsoft is involved with the Citizen Service Centre project, while Intel is involved with the WiMax programme. Even smaller projects like LIC's 50-crore CRM project has been awarded to IBM.
While Ernst &Young is a consultant in the Unique ID programme, PwC consults the central government on the nation's e-governance programmes. Accenture has devised the strategy of India's department of posts programme. "We even invite U.S. companies to participate and look forward to them," said a top e-governance official at the ministry of IT & communication.
"Over 50 percent of the budget in e-governance projects goes towards U.S. IT companies, even if we (Indian IT company) win an e-governance contract," says an official involved in e-governance tendering and contracts. "That's because most product companies like HP, Intel, AMD, Microsoft, EMC, Cisco, Red Hat are U.S. based," he explains.
The U.S. government IT market is on the other hand a $77-billion untapped potential. Still none of the Indian IT companies feel that US firms should be disallowed from participating. "Nobody likes a closed market. Markets have to open. Only then we can do business. We must not do anything like this because the government of India is entitled to best service. Only by keeping our markets open can we force other markets to be open," said TV Mohandas Pai, Director HR at Infosys Technologies.
Source: Silicon News Network
IBM, one of the leading IT provider, is one of the vendors in the 2,000 crore Tax Net project being implemented by the Central Board of Direct Taxes, while its U.S. rival Accenture has landed one of the contracts in the prestigious Unique ID (UID) project. IBM, along with Hewlett Packard, is also competing with home- grown Indian service providers such as Tata Consultancy Services, Wipro and Infosys Technologies for another 2,000- crore contract, which is part of the UID project.
Most of the major U.S. IT firms are involved in different deals with the government. Microsoft is involved with the Citizen Service Centre project, while Intel is involved with the WiMax programme. Even smaller projects like LIC's 50-crore CRM project has been awarded to IBM.
While Ernst &Young is a consultant in the Unique ID programme, PwC consults the central government on the nation's e-governance programmes. Accenture has devised the strategy of India's department of posts programme. "We even invite U.S. companies to participate and look forward to them," said a top e-governance official at the ministry of IT & communication.
"Over 50 percent of the budget in e-governance projects goes towards U.S. IT companies, even if we (Indian IT company) win an e-governance contract," says an official involved in e-governance tendering and contracts. "That's because most product companies like HP, Intel, AMD, Microsoft, EMC, Cisco, Red Hat are U.S. based," he explains.
The U.S. government IT market is on the other hand a $77-billion untapped potential. Still none of the Indian IT companies feel that US firms should be disallowed from participating. "Nobody likes a closed market. Markets have to open. Only then we can do business. We must not do anything like this because the government of India is entitled to best service. Only by keeping our markets open can we force other markets to be open," said TV Mohandas Pai, Director HR at Infosys Technologies.
Source: Silicon News Network
Govt.'s new take on IT literacy, computers on rent in rural areas
New Delhi: While we are on the topic of the $35 Sakshat laptop, the government will launch a new pilot scheme to spread IT literacy in the country. The government is planning to rent out computers to rural citizens on a per day basis, reports Harsimran Julka of The Economic Times.
The program will be launched by the Ministry of IT and Communications and plans are to install computers in five locations that will then be rented out to citizens.
A senior official at the ministry said, "The cost may vary from Rs. 15-20 per day. This model may remove the hindrance of affordability in buying computers. We are talking to various companies like Intel, HCL Infosystems and One Laptop Per Child Project." The cost of the whole program is expected to be around 45 lakh.
In the midst of empowering the rural Indians on IT, is the cause of literacy taking a backseat? What the government needs to focus is on making our literacy rate 100 percent. After all, if the people are not literate, how can they be computer literate?
Source: Silicon News Network
The program will be launched by the Ministry of IT and Communications and plans are to install computers in five locations that will then be rented out to citizens.
A senior official at the ministry said, "The cost may vary from Rs. 15-20 per day. This model may remove the hindrance of affordability in buying computers. We are talking to various companies like Intel, HCL Infosystems and One Laptop Per Child Project." The cost of the whole program is expected to be around 45 lakh.
In the midst of empowering the rural Indians on IT, is the cause of literacy taking a backseat? What the government needs to focus is on making our literacy rate 100 percent. After all, if the people are not literate, how can they be computer literate?
Source: Silicon News Network
Thursday, September 9, 2010
Infosys will not be the same after Murthy's retirement - Friedman
New Delhi: Indian IT giant Infosys is going to have Narayana Murthy's successor well in time before his retirement in August 2011. But will everything remain unchanged after he leaves? According to noted columnist and commentator Thomas Friedman, Infosys will never be the same after Murthy retires from the company.
Murthy, along with Nandan Nilekani and the other founders did a great thing by showing the new generation of Indians the way to bring out their talents in the global economic playing field and to play like a leader, said Friedman.
Infosys, under Murthy, had set such an example which cannot be altered, said Friedman. At the same time he also said that having spent a lot of time with Infosys, there is a new generation coming up there that's pretty dynamic.
Although Murthy has refused to comment whether he prefers an Infoscion to take up his position, it will most likely be somebody who is very familiar with Infosys Technologies and its culture that will replace N R Narayana Murthy as chairman of the company.
According to senior Infocians, Murthy would not prefer an outsider to become the chairman of the company. The choice is most likely to be made amongst Kris Gopalakrishnan, currently the CEO of Infosys, K V Kamath and Deepak M Satwalekar , both of who are on the board of the company.
The committee that will decide Murthy's successor has ICICI Bank non-executive chairman K V Kamath, Cornell University professor Jeffrey Lehman and HDFC Standard Life Insurance chief executive officer Deepak M Satwalekar as members.
With revenues of Rs.6,198 crore at the end of June 30, 2010, Infosys currently has more than 113,000 employees in over 50 offices worldwide.
Source : Silicon New Network
Murthy, along with Nandan Nilekani and the other founders did a great thing by showing the new generation of Indians the way to bring out their talents in the global economic playing field and to play like a leader, said Friedman.
Infosys, under Murthy, had set such an example which cannot be altered, said Friedman. At the same time he also said that having spent a lot of time with Infosys, there is a new generation coming up there that's pretty dynamic.
Although Murthy has refused to comment whether he prefers an Infoscion to take up his position, it will most likely be somebody who is very familiar with Infosys Technologies and its culture that will replace N R Narayana Murthy as chairman of the company.
According to senior Infocians, Murthy would not prefer an outsider to become the chairman of the company. The choice is most likely to be made amongst Kris Gopalakrishnan, currently the CEO of Infosys, K V Kamath and Deepak M Satwalekar , both of who are on the board of the company.
The committee that will decide Murthy's successor has ICICI Bank non-executive chairman K V Kamath, Cornell University professor Jeffrey Lehman and HDFC Standard Life Insurance chief executive officer Deepak M Satwalekar as members.
With revenues of Rs.6,198 crore at the end of June 30, 2010, Infosys currently has more than 113,000 employees in over 50 offices worldwide.
Source : Silicon New Network
Subscribe to:
Posts (Atom)
