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HCL to Set up New Global IT Centres & Create Over 5,000 Jobs

9Oct By Gauri SinghNo Comments

BUSINESS

HCL to Set up New Global IT Centres & Create Over 5,000 Jobs

The popular IT company HCL Technologies will reportedly set up a Global IT development centre at Gannavaram in Andhra Pradesh and this will create more than 5,000 jobs. The new centre is spread over 29.86 acres and is anticipated as part of Andhra Pradesh's drive to create a new IT hub. With this, the company will invest over Rs 700 crore to develop two facilities in the state, in phases over the next few years. As a part of the deal, a skill development centre with a 1,000-seat capacity will also be developed. "The creation of this Global Centre is aligned with our strategic vision to expand and create opportunities in the emerging cities. We are confident that HCL Global Centre in Vijayawada will be one of the best IT centres in the industry in the coming years," said Executive ...

20Aug By NitishNo Comments

INDIA

India Creates 47 Lakh Jobs Till June

Employees' Provident Fund Organisation "EPFO" of India reveals that as many as 47.13 lakh jobs created during September 2017 to June this year. However, the number is lowered by 12.38 percent, from 44.74 lakh to 39.20 lakh member for September 2017-May 2018 period of new members enrolment. According to the payroll data released by the Employees' Provident Fund Organisation (EPFO) for September-May, as many as 44.74 lakh new member was enrolled for its social security schemes to provide benefits, including provident fund, insurance, and pension. According to the latest data of EPFO, the new member's enrolment in June is the highest so far in the last 10 month at 7,93,308. The maximum number 2,53,466 were recorded in the age bracket of 18 to 21 years followed by 2,05,177 in 22 to 25 ag...

All Set For UP’s First Investors Summit 2018

19Feb By NitishNo Comments

INDIA

All Set For UP’s First Investors Summit 2018

UP is all set to host State first investors summit on 21-22nd February. UP govt chief minister Yogi Adityanath reviewed the preparations at Indira Gandhi Pratisthaan for the two-day Investors Summit beginning here on February 21. "The government is organising this for the betterment of the public. Through this event, UP will get an opportunity to change its image. Hence, it is the responsibility of every department that it should strive for its success," CM Adityanath said. He instructed officials that reports of all the sessions be presented. "The state government has implemented policies for various sectors. The respective ministers, principal secretaries and their subordinate staff must go through the policies, so that the investors can be given correct informatio...

Indian Companies Invested $3700 Million, Created 3000 Jobs in Abu Dhabi

13Feb By AnkitaNo Comments

INDIA, MIDDLE EAST

Indian Companies Invested $3700 Million, Created 3000 Jobs in Abu Dhabi

Indian companies have invested nearly USD 3,700 million creating 3,000 jobs in Abu Dhabi over the past decade. This fact was revealed at the recently held Abu Dhabi Week in India 2018. The Investment Forums showcased investment related opportunities in the capital city of UAE and the growing business opportunities in the region. India currently ranks 5th in terms of FDI into Abu Dhabi. Abu Dhabi is setting a benchmark for economic diversity and sustainable development. It is expanding its non-oil sectors to become high-value added economy that also encourages entrepreneurship. These sectors offer mutual opportunities to Indian businesses in a stable and flexible environment that is very well integrated into the global economy," said H.E. Saif Mohammed Al Hajiri, Chairman of Abu Dhabi De...

Apple Will Invest $350 Billion into US Economy in Next 5 Years

18Jan By AdityaNo Comments

USA

Apple Will Invest $350 Billion into US Economy in Next 5 Years

Apple has announced that it will invest and spend about USD 350 billion in the United States in the next five years creating some 20,000 jobs in the country. Already the largest US taxpayer, Apple anticipates repatriation tax payments of approximately USD 38 billion as required by the recent changes to the tax law.A payment of that size would likely be the largest of its kind ever made, the Silicon Valley based company said in a statement. "Apple is a success story that could only have happened in America, and we are proud to build on our long history of support for the US economy," said Tim Cook, Apple's CEO. "We believe deeply in the power of American ingenuity, and we are focusing our investments in areas where we can have a direct impact on job creation and job preparedness. ...

RBS to Cut Over 400 Jobs in UK, Move Many of Them to India

26Jun By AdityaNo Comments

News

RBS to Cut Over 400 Jobs in UK, Move Many of Them to India

British lender Royal Bank of Scotland said today that it is cutting 443 UK jobs dealing with business loans, and plans to shift many of the roles to India. The UKs largest government-owned bank said it was moving the jobs, which help handle loans for small businesses, as part of an ongoing cost-cutting drive. "As we become a simpler, smaller bank, we are making some changes to the way we serve our customers. Unfortunately, these changes will result in the net reduction of 443 roles in the UK," a spokesperson for the bank said. The bank said it would support staff affected by the "disappointing news", including by moving them into new roles where possible. Workers union Unite said British workers and taxpayers would lose out from the move. "By shipping these jobs to India, RB...

Flipkart Named Most Sought After Employer in LinkedIn India Survey

18May By Press Trust of IndiaNo Comments

ANALYSIS

Flipkart Named Most Sought After Employer in LinkedIn India Survey

Flipkart has been named the top employer followed by Amazon and KPMG India in the second and third place respectively, according to a list compiled by internet professional network LinkedIn. Others in the top 10 of LinkedIn Indias most sought- after employers list include One97 Communications at the fourth place, Ola (5th), HCL Technologies (6th), Adobe (7th), Alphabet (8th), OYO Rooms (9th) and Reliance Industries at the 10th place. The list of 25 top companies in India also saw over 30 per cent of new entrants, namely One97 Communications, Tech Mahindra (14th), Swiggy (15th), IDFC Bank (17th), Vodafone (20th), Grofers (22nd), McKinsey & Company (24th) and Oracle (25th). Among the companies showing significant improvement in the list include Ola from last years 10th rank to 5...

Infosys to Hire 10,000 American Workers Over the Next Two Years

2May By AnkitaNo Comments

News, USA

Infosys to Hire 10,000 American Workers Over the Next Two Years

Infosys, a global leader in consulting, technology and next-generation services, today announced that it plans to hire 10,000 American workers over the next two years. As part of this initiative, Infosys will open four new Technology and Innovation Hubs across the country focusing on cutting-edge technology areas, including artificial intelligence, machine learning, user experience, emerging digital technologies, cloud, and big data. These four hubs will not only have technology and innovation focus areas, but will closely serve clients in key industries such as financial services, manufacturing, healthcare, retail, energy and more. The first hub, which will open in Indiana in August 2017, is expected to create 2,000 jobs by 2021 for American workers and will help boost Indiana's eco...

pCommerce- The Global Perspective of ‘People’ in India

20Apr By No Comments

BLOGS

pCommerce- The Global Perspective of ‘People’ in India

World is appreciating and recognizing ‘people’ from India, then why is India lagging to figure out the projection of investment from its own ‘people’? Why isn’t India able to harvest it and reap itself huge pool of benefits? Japan has leveraged its cultural emphasis on ‘efficiency and team work’, to revolutionize the manufacturing and engineering industries. The Republic of Korea (Korea) has utilized its cultural emphasis on ‘speed’, and it has built some world-class companies such as Samsung and LG. China has sustained a GDP growth of more than 10% for more than two decades by virtue of its ‘ability to scale’. The United States of America (USA) and Israel have leveraged the diversity of their populations to lead innovation globally. I firmly believe that now it is India’s turn ...

Google Backed Online Healthcare Startup Practo Lays Off 150 Employees

7Apr By AdityaNo Comments

News

Google Backed Online Healthcare Startup Practo Lays Off 150 Employees

Online healthcare platform Practo has laid off around 10% of its workforce amounting to 150 employees as part of its annual performance appraisal and redundancies due to acquisitions. “Yesterday, 150 of our colleagues left the company to pursue opportunities outside. This is a combination of natural redundancies that emerge as we integrate our 5 acquisitions and evolve our businesses, as well as the performance required for the next phase of Practo’s growth,” a company spokesperson said in an email response. In line with the company’s policy, it provides employees with two months pay, employment and outplacement services to help them find their next great opportunity, the statement added. Practo has acquired five firms -- FitHo, Genii, Insta Health Solutions, Qikwell and Enlightik...

McAfee to Ramp Up Investment in India & Add New Jobs

14Mar By NitishNo Comments

News

McAfee to Ramp Up Investment in India & Add New Jobs

IT security firm McAfee is looking at adding more jobs at its centre in Bengaluru and will continue to invest in growing local business in India, a top official said today. Global chipmaker Intel had last September spun out McAfee as a separate company with private equity player TPG owning 51% share in the new entity. The deal is expected to close in the second quarter of 2017. "One of our largest sites around the world is in Bangalore. We continue to invest in that. We are actually adding new functions into the site there," said Intel Security General Manager and SVP Christopher Young. "Under Intel, it was primarily development centre, but now we are adding finance, IT, HR to that site as well to support the new (unit)," he added. While Young declined to comment on investment ...

6Mar By AnkitaNo Comments

INDIA

Indian Services Sector Returns to Growth After 3 Month Contraction

The services sector returned to the growth zone in February after three months of demonetisation- driven contraction but recovery was 'mild' and business confidence remained subdued, a monthly survey showed today. Besides, higher input costs forced companies to hike prices and the rising inflationary pressure may result in the Reserve Bank keeping away from any interest rate easing in the immediate future. The Nikkei India Services Purchasing Managers' Index (PMI), which tracks services sector output on a monthly basis, stood at 50.3 in February, up from 48.7 registered in January. After slipping to a near three-year low last November, which was the first monthly drop in output since June 2015, the headline index edged has now edged back above the 50.0 mark, which separates expansion...