recruitement blues.....trun of IITS

The placements across IITs are on...but thsi year its a kind of preposterous situtation.......normally the season is ove by march ..but this time it is expected to go to june..........Currently 60% of students across IITs are waiting to get job offers.......jsut killing itme........IIT Kharagpur invited 2000 companis but till nwo only 230 have come...., IIT kanpur till now has placed only 46$ of its students......IIT madras 1000students are still to ge tany offers.........The experts say that it s all because of ongoing turmokil in global economy and financial crises and slackging demand ...cost cutting...

Q3 rsults shadow of Crises

Q3 rsults of majority of India Inc. is in line with expectations....falling topline along with weak bottomline is a harbindger of things to come......except of ffw corporates like Bharti, Ril , SBI others have been mere shasdow oftheir last YoY results.......
Economists are saying ths would contintue for long into 09 .......

job cuts

arond 1 lack jobs were lost in pst week......as per reports of vafious companies dcaring reduction in heandcounts on account of falling demand and tightening credit conditions....

Toyota's Camry plans

Toyota may produce Camry in India....It is expected that Toyota is planning to bring production of Camry to india...Thsi would mean a reduction or price of Camry by 4-5 lacs if entier benefit is passed to customer....

at presetn Camry is Toyota's premium band and comptes with lieks of Mercedes C class, Skoda Superb...having market of 500 units per annum.....

if its price is reduced it would fight with Accord by Honda, Skoda's Laura, whi hc form part of 2500 units per annum EXEC car market.......

Race for Fidelity's captive 'bPO unit

infosys, india's second largest company IT in terms of revenues and US giant, IBM are locked in a tight battle to acquire captive BPO oarm of Fidelity, the world' largest MF company....The deal is valued at around 150-180 milion USD ...in return for assured business outsourcing contract.......other bidders involved were Captgemini, BCG, HP-EDS.....IBM offered 150 million USD to which infosys conter by saying 180 million USD.........

I' Gate also was in fray but later backed out due to stiff condtiosn laid by Fidelity......

some think that IBM has advantage over infy inspite of its less bid price because of IBM's old relations with Fidelity, Fidelity and IBM had come toghether to form Fidelity employers services company, around 15-20 years ago...... 2 such deals have already been stuck earlier..
1. Aviva solding out to WNS holdings for $228 Million fotr its captive backoffice operations for assured 1 bilion USd business spread over 8 yeras,
2.TCS acquired CITI 's BPO fo $505 million inretrum for assured busines of 2.5 bilioj USD over 9 yerars...
3. citi's captvi ujit by Wipreo( CITOS) citigroup technology servies, for assured business of $1 Billion over 6 yerars....wipro paid 127m ilion $....

Apple delights::::records highest ever quarterly revenue

Apple, the iconic US IT brand has posted its highest ever Quarterly revenues, $10.17 Billion on bakc of recored I Phone and I pod sales as wellas robust Macintaosh computer sales......The company sold a recored number of 22.72 million i pods and 4.36 million I phones......

L&T hikes stake in Satyamto 12%

L&T, thel argest capital company in india, has hiked its stake in satyam thru its subsidiary L&T capital services to 12%.......in an intervies with TV channel AM naik, CEO of Group said that the stake was hike to reduce the cost of eqrlier acquisistion of 4 % stake.......Althought L&T has admitted that it would like to acuiqre Satyam once legal issues become clear...As of now it seems that stake hike was to average the cost of acqusition of earlier stake....L&T has made clear that it does not want to interfere with the board at this stage and is not much eager to have a representative on teh board of Satyam......