Happy New Year 2010

Wish you and your family a very happy, successful and prosperous new year ahead 2010. Have a wonderful weekend.

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Regards,
Raghavendra Prasad (RP)

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Infosys to offer 13,000 jobs on campuses

INFOSYS Technologies, the country's second largest IT services exporter, is likely to make 13,000 campus offers to fresh engineering graduates who are expected to join during the course of fiscal 2011.

Interacting with mediapersons here on Wednesday, Nandita Gurjar, senior VP, Infosys said that they have already started going to campuses in about 700 engineering colleges. Infosys had made 20,000 offers to engineering graduates for the 2009 fiscal, though only around 75-80% of the students actually join the company.

The Indian IT services industry has discontinued the earlier practice of selecting the students a year before they complete their graduation and is now visiting colleges in the final semester itself. According to the Infosys official, they would be closing the 2009 fiscal with around 18,000 freshers and 3,500 experienced hires and it is expected that the same hiring numbers is likely for the coming fiscal. 

   The compensation package for the students coming into Infosys from the next fiscal will be same as last year. 

   The campus offers for the Indian IT industry had run into certain rough weather during the FY09 with certain companies delaying the entry of these students and in some cases putting them on a different stream of work.

 

Huawei to recruit 2,000 people

Huawei to recruit 2,000 people The Chinese telecom giant Huawei Technologies has decided to up its ante in India by hiring another 2,000 people in the next 18 to 24 months. The company also plans to set up a manufacturing plant, either through a joint venture or through an acquisition.    Huawei vice president Weimin Yao told that the company will soon finalise the location and the size of investment in the manufacturing plant. "Our aim is to become an integral part of the local industry,'' he said.    Huawei designs and develops GPRS, GSM, CDMA, WiMAX solutions for around 40 top telecom service providers in the world.    "Telecom, especially rural telephony, is a huge growth area in the country and we want to grow with the industry and the local governments,'' Yao said.    Yao said Huawei is developing India as a human resource hub to ensure technology, research and management talent movement to customer locations across the globe. "The majority of the fresh recruits will have an engineering profile, while sales, marketing and manufacturing will contribute to the rest,'' he said.    The telecom software provider employs more than 87,000 people worldwide and operates in over 100 countries. During 2009, Huawei expects to sign contracts worth $30 billion — against $23 billion last year — of which 75% is likely to be from outside China. "Despite the market turbulence, we have been growing at a CAGR of 30% to 40% in the last five years,''said Yao.    The company has over 4,000 people in its Bangalore and Gurgaon facilities. It recently invested $100 million to set up an R&D campus at Whitefield, Bangalore.     Yao added, "India and Asia are critical markets for us, followed by West Asia, Africa, Europe and North America. Annually, we have been spending $150 million as operational cost in India, apart from the local sourcing we did worth $400 million.''   Visit our other blogs: http://prajnacapital.blogspot.com/ http://itfresher.blogspot.com/ http://jobjump.blogspot.com/ http://creamylayer.blogspot.com/ http://indianstockmarketpicks.blogspot.com/

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Huawei to add 2000 Employees..

As per a news article published in The Times of India Bangalore edition, Huawei plans to add 2000 employees.

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Wipro to hire 8,500 workers this fiscal year

WIPRO Technologies will hire around 8,500 employees this fiscal. The company also plans to go ahead with the campus recruitment early next year to meet the requirement of next fiscal, said Girish Paranjape, joint CEO, IT business, Wipro. "Wipro will honour the offers it had made last year. We will be hiring 5,000 people in a space of two months and by June next year, we should have brought on board all those who were offered," he said. The new recruitments will have a mix of 60% fresh graduates and 40% experienced people. 

   The company will firm up its hiring strategy after knowing its client's budgets better. "Many of our clients are in budget-making stage and with evident signs of revival in the industry, further cuts in IT budgets of companies is not expected. We hope to know their budgets by January-February next year. Once we get an idea about their budgets and spend levels, we will get a good sense of what to hire," he said. According to him, unlike IT companies, Wipro has been hiring not just from engineering graduates but also has hired from other streams and trained them over a period of time to be industry ready.

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