Bangalore

2018 may be as jobless as 2017 for Indian IT

Calendar 2018 will be a year of jobless growth for Indian IT, as the industry is unlikely to show any penchant for hiring this year. On the contrary, energies will be invested in training, re-skilling and retrenching the rest.

The above message came as an unpleasant take-away for a bunch of independent tech employers, who just finished their annual hiring outlook meeting with their respective IT clients in Bangalore, Gurgaon, Noida, Pune, Chennai, Hydeabad and Thiruvanthapuram.

New CEO Parekh logs in at Infosys

It was his first day at Infosys. Salil Parekh, the new CEO & MD of the company reported for work at 9.15 AM on Tuesday, according to a source.

Some thought the new leader would address employees in a town hall, while others expected an email blast with a message from the new CEO.

But what came from Parekh was a video, to all employees, in which he emphasised the importance of the company chasing digital business and all employees embracing reskilling.

Giving and pledging for a better tomorrow

Philanthropy may be slowly emerging as one the key talking points for the ultra rich in the last few years with platforms like the Gi­ving Pledge becoming more dominant in global forums.

PM’s remark deals a blow to floriculture industry

The Indian floriculture industry has taken a moral beating in the domestic and international markets after prime minister Narendra Modi said no to flowers, the South India Floriculture Association (SIFA) has said.

It may be recalled that, during one of his Mann Ki Baat radio programmes last year, Modi had said people should gift useful stuff like books or khadi handkerchiefs and not flower bouquets, as flowers don’t last long.

Financial, education & employment frauds on the rise: expert

Forensic, is a word that we quickly attribute to the police or investigating agencies. But in reality, forensic is important for everyone, as anyone could be the victim of a crime anytime, says India’s foremost forensic scientist KPC Gandhi, who investigated several bank, corporate, education and recruitment scams including the infamous Vyapam in Madhya Pradesh.

To brew tourism in its cuppa coffee

The state of Karnataka that accounts for over 70% of India’s total coffee production is betting high on tourism around its coffee.

The last chunk of rainforest coffee on this planet is in India and grows along the Western Ghats covering Karnataka, Kerala and Tamil Nadu. Karnataka’s coffee gardens are a haven for wildlife, dozens of rare bird species, some 50 different types of tress apart from natural flora and fauna.

Infy’s steady steps to set house in order

There was a time, when Infosys was the place to be in Indian IT. It was the Mecca not just for techies fresh out of college – even matchmakers would flock to its campuses to hunt for brides and grooms. Minor issues aside, the company had a dream run for over three decades until 2014 when trouble erupted between the management and founders over questions of ethics and propriety. As an ex-Infoscion puts it, it would appear that the “stars are not in its favour.’’

Proposed ban on H4 US visas has 1,50,000 Indian spouses worried

Sanjana Boppanna (26) works with an NGO in the Bay Area in California. Her techie husband Anand is employed with a bank in San Francisco. The wife holds a H4 visa, a type of visa granted to spouses of H1B visa holders.   

The US currently has some 1,50,000 Indian spouses on H4 visas of which some 100,000 have either taken up a job or doing some business, after the Obama administration extended work authorisation to spouses of H1B visa holders in 2015.

Spanner in the works

It is no rocket science to know that black money has been the oil and fuel of the Indian real estate sector. Neither would it be an exaggeration to suggest that the lion’s share of the country’s black money has traditionally been concealed in this sector. More precisely, some 60 per cent of all high-value residential and commercial properties are funded through hard cash that does not reflect in the banking system.

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