TCS asks remaining campus hires to join

Putting an end to about 8 months of waiting, India’s largest IT exporter Tata Consultancy Services (TCS) has finally decided to complete the process of bringing on board the campus recruits of 2008-09 by this month. TCS had handed over 22,000 offer letters to freshers for 2008-09, in which 21,000 have already joined the company. The remaining 1000 freshers will join the company soon, reported Business Line.

According to a TCS spokesperson, the company has completed the procedure of communicating the date of joining to its employees-in-the-wings.

Recently, TCS had asked around 1,300 employees to resign from the company following a routine bi-annual performance appraisal. While the company denied the move to be part of any cost cutting exercise, analysts believe the tough economic environment is causing IT firms to cut down on employee costs.

Meanwhile, the firm has already said that it would now approach engineering colleges only three months before their graduation, as TCS believes that it would ensure greater business visibility.

On salary review, TCS spokesperson said that there has been no revision in the entry-level compensation at TCS. “Campus compensation structure remains unchanged.

One lakh Indians will return from U.S. in five years

As many as 100,000 Indians and an equal number of Chinese will return to their native countries in the next three to five years, a move that will greatly boost their economies and undermine technological innovation in America, a new U.S. study warns. The study on immigration by a team at Duke, Harvard and Berkeley universities led by Vivek Wadhwa, an Indian-American technology entrepreneur turned academic, says “America’s loss is the world’s gain”. There are no hard numbers available on how many have returned, but anecdotal evidence shows that this is in the tens of thousands, says Wadhwa, executive-in-residence for the Pratt School of Engineering at Duke University and fellow at the Labour and Worklife Programme at Harvard Law School. “With the economic downturn, my guess is that we’ll have over 100,000 Indians and as many Chinese return home over the next three-five years,” says Wadhwa. “This flood of western educated and skilled talent will greatly boost the economies of India and China and strengthen their competitiveness. “India is already becoming a global hub for R&D. This will allow it to branch into many new areas and will accelerate the trend,” he says. “The US has always had the luxury of being arrogant about immigration because it has been the strongest magnet for the world’s best and brightest,” but as the study shows “there are other strong magnets now”. “We are effectively exporting our economic stimulus. Policies like those which the US just enacted which prevents some banks from hiring foreign workers will have the opposite effect from what they intended – they will send jobs abroad and scare away top talent,” Wadhwa said. The study released Monday Ewing Marion Kauffman Foundation, based in Kansas City, Montana, indicates placing limits on foreign workers in the US is not the answer to America’s rising unemployment rate and may undermine efforts to spur technological innovation. “A substantial number of highly skilled immigrants have started returning to their home countries in recent years, draining a key source of brain power and innovation,” said Robert E. Litan, vice president of Research and Policy at the Kauffman Foundation. “We wanted to know what is encouraging this much-needed economic growth engine to leave our country, thereby sending entrepreneurship and economic stimulus to places like Bangalore and Beijing.” The report builds on an earlier Kauffman Foundation report by Wadhwa documenting a queue of one million H-1B holders and their families anxiously awaiting longer-term work visas and growing frustrated with the immigration process. Until recently, America has been the prime destination for the world’s best and brightest immigrants. “Immigrants have made tremendous personal sacrifices,” said Wadhwa. “They would leave behind relatives and friends and accept second-tier status in American society

HCL sacked some of their employees…

HCL sacked about 450 of their employees from the Delhi and Bangalore offices.The Economic Times repoted about 400 were sacked from Delhi and about 50 from Bangalore.The sacked employees were on Bench and those peoples were asked to have projects before they sacked.

I think this is the first time HCL is doing like this.The TCS is also in the same situation and this TCS asked the on site employees to leave them. The same happens in Wipro too.They asked the on-site employees to leave the company.

When will the sun shine?

Dhoni’s men in Blue invasion(in abroad)…

The Indian team are in full fledged form in invading other countries.Lets start from the beginnig.

First they invaded Australia and sucked the blood of Aussies captain Ricky Ponting. This is the start of scrutiny of Ponting and he is still under the pressure.

Second they invaded Sri Lanka recently and they sucked the blood of  Lankan captain Jayawardane. He resigned his captaincy after the worst series defeat.

vettori

Next this Men In Blue invading Kiwis and the result may be the blood of the Kiwis captain Daniel Vettori?

Good thoughts(success)…

I think these thoughts will help you to be happy….

“SUCESS lies not in getting fame or wealth

It lies in leading LIFE HAPPY”

 

“SUCCESS lies not in the Result

It lies in the EFFORT”

 

I think these two thoughts have lot of sense in it. If you understand this and if you keep this in mind, then no one could be happier than you.

Be happy and have a successful life.

Be Blissful.

AR Rahman, Resul Pookutty(INDIANS) win Oscars

Kodak Theatre in Los Angels is brimming with Indian glory. The acclaimed movie Slumdog Millionaire, Directed by Danny Boyle, has bagged eight Oscars, with Indian music maestro AR Rahman winning the title in two categories -original score and original song, which he shared with lyrist Gulzar. Besides, film sound designer and mixer Resul Pookutty won the Oscar for best sound mixing in the same movie. The categories Slumdog Millionaire won Oscar awards are best feature film, direction, original song, original score, sound mixing, editing, adapted screenplay and cinematography.

 

“All my life I’ve had a choice of Hate and Love.I choose love and I am here.” said Rahman after recieving the award.Also he added “I always used to say this word in all my award winning functions in Tamil “Ellam pughalum Eraivanukke(all the glories for god)”.

This music mastero Rahman is the first Indian to recieve two oscar awards that too in the same stage.We the Indians are very proud to hear this.He also said that “This is the good start for the Indians, we have lot to express”.

We the INDIANS ROCKS…!

My First post….

Hi everybody…

This is my first post in this blog. Here I am going to post the latest updated  news about everything which I hears. I think this will be useful for you people and you can share your ideas too. You can share anything.