Film News,Daily News, Jobs, Results, Movies, Entertainment, Sports, Tech: infosys

Infosys gains over 4% post Narayana Murthy's return

<div dir="ltr" style="text-align: left;" trbidi="on">
 Shares of Infosys ended the day over 4 
per cent higher, adding Rs 6,107 crore to its market value, as the IT 
major recalled its founder N R NarayanaM 
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiawk2O1JGbkf9RJ3TFcRe4XLzmQ-eISIS7BuZ4mN9wIoAAx3Q_ooZn9UmIj5f9CKMxENr_AtnRLuOk8aElsmKe-frV6M13yPw3tcHdFJvsu3vJnHaz16q2ovhlL2w_ESkbH3cLTYkpFYH1/s1600/infythumbs_medium250_0.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiawk2O1JGbkf9RJ3TFcRe4XLzmQ-eISIS7BuZ4mN9wIoAAx3Q_ooZn9UmIj5f9CKMxENr_AtnRLuOk8aElsmKe-frV6M13yPw3tcHdFJvsu3vJnHaz16q2ovhlL2w_ESkbH3cLTYkpFYH1/s1600/infythumbs_medium250_0.jpg" /></a></div>
urthy and returned control of 
the company.
 
After surging 9 per cent in intra-day 
trade, Infosys scrip finally ended the day at Rs 2,513.95, up 4.42 per 
cent from its previous close on the BSE. At the NSE, the stock moved up by 4 per cent to close at Rs 2,508.10. Defying weakness in the stock market, the bellwether scrip emerged as the top gainer on both the key indices — Sensex and Nifty. Following the rise in the share price, the market value of Infosys climbed Rs 6,107 crore to Rs 1,44,360 crore. "The
 move is aimed to strengthen the leadership and put the company back on 
high growth path. We believe the move is positive for the company," said
 Ankita Somani, Research Analyst (IT) at Angel Broking. The 
struggling IT major had on Saturday took an important step and recalled 
Murthy. The performance has disappointed investors due to poor earnings 
in the last nine quarters and losing ground to smaller rivals. Murthy,
 who had shed executive role seven years ago and finally retired as head
 of Infosys in August 2011, has been appointed executive chairman, 
replacing K V Kamath during whose tenure the company shares slumped 15 
per cent. Billionaire Murthy has accepted a five-year term, over 
which period he will earn a salary of one-rupee per year and will have 
his son, Rohan, as his executive assistant. In the broader market, the BSE benchmark Sensex ended the day 149.82 points lower at 19,610.48.</div>

Infosys gains over 4% post Narayana Murthy's return

Shares of Infosys ended the day over 4 per cent higher, adding Rs 6,107 crore to its market value, as the IT major recalled its founder N...

Infosys to create 13,000 jobs in MP : jOBS

<div dir="ltr" style="text-align: left;" trbidi="on"> 
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj00ett3B58WC8tE3H6fcfvxz2HPjzgWRP6bJHpTWc5TB2UoCeN2DphjUzmLrVBlF4RLUS15tL9KoNRnRJ4Ps7V9Fz8ukwdbI2tmiPDJWcwx7NT5cD0KMiy1v8rq0Dz0P8wSwaOFMlxzeje/s1600/infosys-headquarters.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="215" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj00ett3B58WC8tE3H6fcfvxz2HPjzgWRP6bJHpTWc5TB2UoCeN2DphjUzmLrVBlF4RLUS15tL9KoNRnRJ4Ps7V9Fz8ukwdbI2tmiPDJWcwx7NT5cD0KMiy1v8rq0Dz0P8wSwaOFMlxzeje/s320/infosys-headquarters.jpg" width="320" /></a></div>BHOPAL: With IT majors like Infosys and TCSgearing up to enter Madhya Pradesh's commercial town of Indore, the state is trying to position itself as the most sought-after destination after metros like Bangalore, Pune and Hyderabad which are facing severe space crunch.  As per the MoU signed between the Shivraj Singh Chouhan government and Infosys, the IT major is setting up its unit with the investment of Rs 600 crore on 130 acres of land on the Indore-Ujjain Super Corridor.  The project likely to be completed in five years will generate 13,000 jobs.  The Rs 98-crore Super Corridor connects Indore and Ujjain.  With Infosys setting up its shop, another global leader TCS is too not lagging far behind.  "We have also got a proposal from Tata Consultancy Services (TCS) for inking an MOU for setting up IT facility in the Super Corridor," Madhya Pradesh Industries Minister Kailash Vijaywargiya told PTI yesterday.  When asked about the details about the proposal, the minister said it would be more or less on the same lines as that of Infosys.  After studying the proposal and clearance by the State Law Department, dates for inking MoU with TCS will be finalised, he said.  With the two IT giants entering the state, Madhya Pradesh is set to become a major IT destination and a hub for the software industry, Vijaywargiya said</div>

Infosys to create 13,000 jobs in MP : jOBS

BHOPAL: With IT majors like Infosys and TCS gearing up to enter Madhya Pradesh's commercial town of Indore, the state is trying to p...

Top IT firms to hire 90,000 this year

<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCXPqqK-YDZnuhpvsoVswWZy6lZUwhCPP4we-e51qqXp4a0AyRj55uli0JYhO0SQGpiJhhE1sMOkUxeAny0NUdU16h4oCi6gJeByz4MWhDhYgpMF_yvjQg0_TSWQuQPWN4WsrM4Rtiz-eC/s1600/TCS,+Infosys_img1Apr.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="304" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCXPqqK-YDZnuhpvsoVswWZy6lZUwhCPP4we-e51qqXp4a0AyRj55uli0JYhO0SQGpiJhhE1sMOkUxeAny0NUdU16h4oCi6gJeByz4MWhDhYgpMF_yvjQg0_TSWQuQPWN4WsrM4Rtiz-eC/s400/TCS,+Infosys_img1Apr.jpg" width="400" /></a></div>For over two million software professionals in India recovering from last year's recession blues, when employers trimmed payrolls and froze hiring, there's finally some good news ahead. 
 
According to software industry lobby Nasscom, India's top IT firms, including Tata Consultancy Services, Infosys and Wipro , are set to hire nearly 90,000 this year, compared with only around 20,000 last year. For the first time since the global economic crisis forced IT companies to freeze hiring and shed jobs in December 2008, employment in the sector is now looking up. 
 
Recruitment firms and HR honchos at leading IT firms say the sector has witnessed the highest-ever job creation in September, with staff strength growing over 50%, similar to pre-recession levels. 
 
"This is the highest hiring growth recorded in the IT sector since recession. We expect similar momentum till November since companies will be required to complete their annual hiring plan before next year," says E Balaji, director & president, Ma Foi Randstad. He estimates IT hiring to have grown 20-22% during August-September over the same period last year. 
 
Till 2008, even a 15% attrition rate was conservative in an industry where some firms struggled to keep it below 20-30%. However, with lar GE customers like JPMorgan, Citibank and GE sending more projects to India and with firms such as IBM and Accenture under pressure to hire more in low-cost locations like India, the war for retaining and hiring talent is back. 
 
Apart from looking to serve new projects with fresh recruits, companies are also beginning to build bench strengths for future business. "IT biggies are stocking up skills and training them in advance in anticipation of new contracts they are expected to bag in the near future," said Pradeep Udhas, executive director and head of IT advisory, KPMG. 
 
"Some of them are also expecting attrition, and hence a preventive measure. All major companies like TCS, Infosys, and Cognizant have exceeded their expected earnings levels," he added. He expects the renewed hiring momentum to continue for another year. 
 
MphasiS, which declared a manpower base of 38,275 in its last quarterly results when it added 1,156 employees, says there are currently more than 2,000 vacant positions within the company. 
 
"We never stopped hiring even during the downturn. What is encouraging is that some of the other companies that ceased recruitment have again started hiring," says MphasiS chief human resource officer Elango R. 
 
Headhunters say recruitment in tier-I companies are at pre-recession levels, but they say it will still take some time to pick up in the mid-level as the market landscape has changed. However, they say specialist companies like those in product development, analytics and testing are still growing and so has recruitment in tandem. 
 
"Recruitment may be back, but there is much more sanctity now," says Ikya Human Capital Solutions MD Ajit Isaac. "Recruitment is much more planned now with a small bench. Companies are also much more disciplined and avoiding employees who frequently change jobs," he says. 
 
Interestingly, Mahindra Satyam, which is on a comeback trail, plans to recruit some 3,000 by February next year. The company, with some 27,000 employees on rolls, has been hiring fresh talent for the past few months now and has already added 3,000 people during May-July. 
 
"Recruitment in the IT sector had started to peak off from April-May. This is driven by entry-level and mid-level positions or those with up to eight years of experience. The demand for senior-level talent or those with 8-18 years of experience is very little. The sector is expected to continue similar hiring momentum for at least another six months," says Mahindra Satyam chief people officer T Hari. 
 
Another driver for more tech hiring is demand from large e-governance projects like Aadhar, or the unique identity project. 
 
"The IT industry has been recovering over the period and has seen significant improvement in hiring trends with not just international business picking up but also large reformist projects that are being rolled out in sectors like power, e-governance, telecom etc. Aadhar is expected to generate employment with specialists required across levels for implementing the complete solution," said Vivek Puneikar, chief human resource officer at HCL Infosystems . 
 
Meanwhile, job indices tracking the IT sector reflect renewed momentum too. "As per TimesJobs.com data, the recruitment scenario is expected to maintain steady and balanced growth, with skills and experience levels driving the demand," R Sundar, CEO, Times Business Solutions, said. 
 
According to the Naukri job index, hiring in the IT sector has reached pre-recession levels during September and is at least 45% higher than the previous corresponding period. Similarly, the Monster index reveals that the IT sector has seen significant rise in online recruitment activity for the second consecutive month. The sector registered a robust 52% six-month growth. 
 
"This rising trend is expected to stay at least for the next six months to a year," said Hitesh Oberoi, managing director at recruitment firm Info Edge.

Top IT firms to hire 90,000 this year

For over two million software professionals in India recovering from last year's recession blues, when employers trimmed payrolls and f...