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Indian Engineers Least Global Among BRIC Peers Among the BRIC nations, India's engineers were found least equipped to play a leading role in the global economy,. A five-year study involved 7,000 student surveys and interactions with 40 institutional heads and engineering faculty. The Stanford University study measured the quality of education, cost-effectiveness and equitable access. China was found to be ahead of India in providing quality education. The spending per student at China's premier Tsing Hua University was $51,000 a year, while at the Indian Institutes of Technology it was $8,000, Stanford Professor Rafiq Dossani said. Russia had the advantage of a strong science and engineering curriculum. India must address the need for a larger pool of instructors in the future because of its growing population. The government plays a financier's role in Brazil, but in India the Centre and states fight over control, and planning suffers. Source : 29-03-12 Hindustan Times Compiled by Amresh Anjan Birla Retail And RBS To Cut Jobs Job losses are in store for some employees at Aditya Birla Retail and RBS India, while the headcount has zoomed in Ericsson India Global Services. Aditya Birla Retail plans to close more than three dozen stores and lay off around 150 employees. CEO Pranab Barua has identified stores incurring losses which comprise of around 10 percent to 15 percent of the network. Some corporate positions in its Mumbai headquarters may also be affected. RBS, which has sold its retail banking division to HSBC India, said it will not be in a position to retain the entire staff. Source : 01-04-12 Hindu Business Line Compiled by Amresh Anjan Cloud Computing To Create More Jobs In India It was generally believed that moving applications and services to the cloud will eventually lead to a decrease in employee headcount. The fear of automation, replacing human workforce has always been lurking since the first computers arrived in offices. But in case of cloud it is predicted that it will create substantial number of jobs in India dispelling the fear of jobloss. Microsoft in association with IDC, recently came up with a survey pointing out that cloud computing will create more than 2 million jobs in India, which is 15 per cent of the total jobs predicted to be created worldwide. More than 50 per cent of these jobs will be generated in the small and medium businesses. The study also estimates that revenues from cloud innovation could reach US$1.1 trillion per year by 2015. Source : 02-04-12 Deccan Herald Compiled by Amresh Anjan App Development Opens Avenues For Women App development is evolving as a potential career option for women. The segment is grabbing their attention, whether or not they have a technical background. Srividya Vaidyanathan, co-founder of PixelMat, is one example. Her firm has made apps for iOS and Android and is now working with Microsoft to design and build apps for Windows. It is quite easy for a woman to work in the field, she says, because the process is systematic and hassle-free. Harish Vaidyanathan, director, Evangelism, Microsoft, says his firm is looking for women developers to create apps in certain categories. Their inherent sense of aestheticism is a plus in making apps that are beautiful. Women who may have an idea about a great app but not the required skills are being encouraged to approach Microsoft, which will build it for them. Source : 01-04-12 Hindu Business Line Compiled by Amresh Anjan Small Towns Emerging As BPO Destinations Growing costs and higher attrition rates are prompting many global BPOs to set up shop in smaller towns. Aegis was among the pioneers of this trend. The Essar Group's BPO arm set up a 250-seater centre in Srinagar in 2010. It has since added 500 employees and attracted clients seeking capabilities and expertise in local languages. Genpact, WNS, Hinduja Global Services, Firstsource and Aditya Birla Mincas have taken the same route. Smaller cities offer advantages such as availability of talent, low attrition rate, affordable real estate, local government support and a better quality of life. Call centres, telecom, banking, financial services and insurance can be a major opportunity for Indian IT/BPO in the domestic market till 2020, according to NASSCOM. The challenges they face are finding senior managers prepared to move to these locations and unreliable network connectivity. Source : 01-04-12 Business Standard Compiled by Amresh Anjan Godrej Group Appoints MD & CEO Pirojsha Godrej, son of Adi Godrej and executive director of Godrej Properties has been named managing director and CEO of the group. Incumbent Managing Director Milind Korde resigned recently. Source : 01-04-12 Financial Express Compiled by Amresh Anjan Fitch Pegs GDP Growth In Fiscal 2013 At 7.5% Ratings agency Fitch forecast that India's economy will grow at about 7.5 percent in 2012-13. GDP is estimated to expand at 7 percent in fiscal 2012. Fitch said the country was nearing the bottom of the economic cycle. Private consumption had recovered, rising 6.2 percent year-on-year in the December quarter. Industrial production rose unexpectedly by 6.8 percent year-on-year in January, compared to a 2.5 percent gain in December. The wholesale price index rose 7 percent year-on-year in February, up from 6.6 percent in January. Barring any unforeseen shock from oil prices, India may not see a sharp re-acceleration in inflation this year, Fitch's Global Economic Outlook said. The eight core infrastructure industries recorded a robust 6.8 percent growth in during February, the highest in seven months. The core sector grew a mere 0.7 percent in January. Source : 29-03-12 Hindu Business Line Compiled by Amresh Anjan Facebook Makes Rs 1.34 Cr Offer To Kanpur Student Facebook has hired an engineering student for an annual salary of Rs 1.34 crore, among the highest ever offered to a student of a technical institution in the country. The BTech student from the Motilal Nehru National Institute of Technology, Kanpur, received a letter of appointment on March 27 confirming his appointment. The recruitment process began with a mail from Facebook in October followed by nine rounds of telephonic interviews, said P Chakravarti, director of the institute. The Kanpur student will move to Menlo Park in California after his software engineering course is completed. The institute also said 30 of its alumni had been offered packages of more than Rs 10 lakh from companies such as Microsoft, Amazon and Adobe. Source : 29-03-12 Hindu Business Line Compiled by Amresh Anjan B-School Grads Cool To Logistics Sector The Indian logistics sector has drawn little interest from B-school students. The market is estimated to grow to about $200 billion by 2020, according to a Frost & Sullivan report. As per a McKinsey report, the industry would need 20 million skilled personnel by 2020, up from less than 10 million today. AV Reddy, executive director of Transocean Express Logistics, estimated a 30 percent to 40 percent shortfall in the sector. The company has been unable to get skilled managers. There is a gap between practical and theoretical training, said Veni Mathur, a transport economist and faculty at the Indian Institute of Technology, Delhi. To showcase opportunities, T2P Consultants launched Logistics Talent Hunt 2012, together with the Chartered Institute of Logistics and Transport. Some 40 percent of students expressed interest in the sector. Source : 29-03-12 Hindu Business Line Compiled by Amresh Anjan British Gas May Offshore 300 Jobs To India Energy major British Gas may cut nearly 300 jobs in Leicester and shift them to India, where the company already has a presence. The company employs nearly 2,000 people in Leicestershire. The business energy sector was tough as well as competitive, a company spokesperson said. As a result, the firm was looking to reduce costs amid a struggling economy. British Gas did not name the country where the jobs would be shipped, but reports said India was the most likely destination since jobs had earlier been moved here. The company would support the workers affected by the decision, the spokesperson said. The firm said offshoring was the best long-term solution for the business and has started a 90-day consultation period with the affected staff and union officials. Source : 29-03-12 Deccan Herald Compiled by Amresh Anjan Wipro Technologies Shuffles Top Deck The management churn at Wipro Technologies, the country's third-largest IT services exporter, continues with its global banking head Sriram Srinivasan going on a 'sabbatical' and Rajan Kohli, the current chief marketing officer, taking over this role, sources said. The reason for Mr. Srinivasan's sabbatical is not known, but it appears to be part of management changes. It is learned that Mr. Srinivasan is keen to pursue certain "social causes". Mr. Srinivasan was part of the BFSI team at Wipro Technologies reporting into Soumitro Ghosh, who is the overall incharge of this vertical. Mr.Kohli has been with Wipro for over 15 years serving in various sales and business leadership roles. Prior to this, Mr. Kohli was head (US sales) for Wipro's BFSI vertical and the business technology service line. Source : 30-03-12 Financial Express Compiled by Amresh Anjan Bureau Veritas To Expand India Workforce Global quality certification firm Bureau Veritas has its eye in India and plans to double its workforce in the country. CEO Didier Michaud-Daniel said the company plans to double its headcount to around 9,500 by 2015, making India the second-largest centre in the world. It also plans to set up 120 more offices and labs during this period. Revenues are expected to grow from the current €60 million to €160 million by then, he added. Apart from enhancing capacity, the company will rely on acquisitions for expansion, but the CEO did not specify the likely investment. Two full-range laboratories for testing of construction materials have already been commissioned in New Delhi and Mumbai. The company's manpower requirement will include engineers, auditors and technical inspectors. Source : 27-03-12 Financial Express Compiled by Amresh Anjan RK Swamy Media Names President RK Swamy Media Group has appointed Sandeep Sharma president. He was previously senior vice-president, marketing and sales, at Times Global Broadcasting Co. Source : 27-03-12 The Hindu Business Line Compiled by Amresh Anjan Global Hiring Activity Improves Amid Fluctuating Demand: Manpower Survey Hiring activity in the majority of the world's labor markets is expected to remain relatively stable or improve from three months ago, suggesting added stability in the environment, the Manpower Employment Outlook Survey for the second quarter revealed. Employers in 32 out of 41 countries and territories surveyed report varying degrees of positive hiring activity for the second quarter, with those in 37 expecting relatively stable or improved hiring activity compared to the first three months of the year. Employers continue to struggle with fluctuating demand, survey data showed. For the quarter ahead, outlook showed a mixed trend as the net employment outlooks declined in just 11 nations and territories, while it improved in 23. Compared to twelve months ago, outlooks are softer in 24 countries and territories, and improve in 13. Source : 13-03-12 RTT News Compiled by Amresh Anjan Report: Higher Education Scenario Dismal A TeamLease Services report says the country is in a state of "higher education emergency". Enrolment in higher education is just 11 percent, half of the world average and well below the ratio in developed countries. The report cites three main reasons behind the trend. These are low enrolment in colleges, not enough numbers of children with access to colleges, and degrees that do not lead to jobs. The situation calls for solutions such as community colleges that would meet the needs of policy makers, employers and the youth, the report said. Being part-ITI, part-college and part-employment exchange, community colleges could play an important role, says Manish Sabharwal, chairman, TeamLease Services. India also has an uneven spread of higher educational institutes. Sixteen states do not have a single central university. Five states have more than 20 universities combined, and five have only one. Source : 26-03-12 Deccan Herald Compiled by Amresh Anjan |
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