The list of companies that will be granted licences for mobile number portability (MNP) - a technology that enables cellphone users to retain their phone numbers when changing operators - will be announced next month, the government said Thursday.
"The successful bidders for grant of mobile number portability service licences will be announced by March 5," Communications and Information Technology Minister A. Raja said in Rajya Sabha.
The letter of intent will also be issued the same day, Raja said, adding that the implementation of MNP has not been delayed.
The government had issued guidelines for award of MNP service licences Jan 1 this year.
As per the guidelines, MNP is to be implemented in all metro and category 'A' service areas within six months of the award of the licence, and in rest of the service areas within one year.
Agencies
Saturday, February 28, 2009
Minimum pay hikes for Infosys employees this year
Infosys Technologies, India's No. 2 outsourcer, would hand out minimum wage rises in April to its staff, its chief executive Kris Gopalakrishnan said on the sidelines of an industry conference.
"This is going to be a prolonged downturn," he said referring to the global economic slowdown.
The company expects IT services business to be slow in the foreseeable future as clients delay technology spending amid the global economic crisis, he added.
India's large pool of English-speaking engineers and cheaper wages has helped attract outsourcing from Western firms such as Citigroup, General Electric, Qantas and Airbus. But a recession in the United States, which accounts for more than half the sector's revenue, and turmoil in the global financial sector have halted the sector's scorching pace of growth and battered stocks.
"The environment continues to be challenging," Gopalakrishnan said. "The feedback we are getting from clients are that the budgets are going to be down, in some cases significantly down," he said of likely technology spending by the firm's customers.
"They are also saying that when the budgets are released there will be a delay in spending."
India's exports of software and services in the year to March will be sharply below an earlier forecast, expanding 16-17 per cent to about $47 billion, the National Association of Software and Service Companies said earlier this month.
On US President Barack Obama's pledge to end tax break for companies that send US jobs overseas, Gopalakrishnan said the Indian IT companies would wait to see how the proposal was implemented.
"My take on it is of course protectionism will only prolong the downturn," he said. "This is a challenge which we all have to face collectively."
Agencies
"This is going to be a prolonged downturn," he said referring to the global economic slowdown.
The company expects IT services business to be slow in the foreseeable future as clients delay technology spending amid the global economic crisis, he added.
India's large pool of English-speaking engineers and cheaper wages has helped attract outsourcing from Western firms such as Citigroup, General Electric, Qantas and Airbus. But a recession in the United States, which accounts for more than half the sector's revenue, and turmoil in the global financial sector have halted the sector's scorching pace of growth and battered stocks.
"The environment continues to be challenging," Gopalakrishnan said. "The feedback we are getting from clients are that the budgets are going to be down, in some cases significantly down," he said of likely technology spending by the firm's customers.
"They are also saying that when the budgets are released there will be a delay in spending."
India's exports of software and services in the year to March will be sharply below an earlier forecast, expanding 16-17 per cent to about $47 billion, the National Association of Software and Service Companies said earlier this month.
On US President Barack Obama's pledge to end tax break for companies that send US jobs overseas, Gopalakrishnan said the Indian IT companies would wait to see how the proposal was implemented.
"My take on it is of course protectionism will only prolong the downturn," he said. "This is a challenge which we all have to face collectively."
Agencies
Is Silicon Valley on a reviving phase?
Martin Pichinson has never been busier. The co-owner of Sherwood Partners makes his living by helping the financial backers of start-up firms that file for bankruptcy and wind down their operations.
This year, he's helped shut down 30 firms -- more than the total number in 2008. "Business is booming. It's exploding," Pichinson said from his Silicon Valley offices. "It's sad," he added. Venture capitalists and market experts expect the pace of firms that shutdown in the tech industry to accelerate this year, potentially rivaling the dot-com crash, as funding dries up.
Mergers, acquisitions and IPOs are no longer a reliable exit strategy with capital markets tanking and buyers wary. So as in 2000, investors are now putting pressure on their invested firms, forcing them to cut back and save, or just cashing out and cutting their losses. Others say they are hunkering down and awaiting a turnaround and a resumption in deal and IPO activity in 12 to 18 months.
Paul Deninger, vice chairman of investment bank Jefferies & Co in Boston, reckons that about a 10th of the 500 to 1,000 start-ups his institution now tracks nationwide will fail. "The mergers and acquisitions market is firing on four out of eight cylinders," said Deninger, who runs a team that advises on deals. "Are we in a recession or depression? If 18 months from now we're in the same situation as today, then we have a much more serious problem."
To entice investment from a shrinking cash pool, startups now have to come up with fully realized business strategies. Next week, many of Silicon Valley's venture capitalists and chief executives gather near Palm Springs for Demo.Com, a conference showing off undeveloped new products and technology. But unlike in years past, organizers expect many products will be tied to fleshed out business plans and market strategies.
"Companies will present a solid business proposition with a clear path to revenues," promised Chris Shipley, Demo's producer. Last year, many of the start-ups there hoped to "collect a lot of customers and then figure out how to create business value around them. That's not working in the market today." Silicon Valley got a wake-up call in October, when a private slide-presentation put together by well-known VC Sequoia somehow got leaked onto the Internet.
Entitled "RIP Good Times", it forced an already-nervous industry to mull over declarations like "it is different this time," and "recovery will be long," and "spend every dollar as if it were your last." Venture capital funding tanked 71 per cent in the fourth quarter of 2008, but investment hasn't completely vanished. This week alone, Apparent Networks Inc of Massachusetts, which designs software to help firms access networks, raised $12 million from venture firms.
Aveksa Inc, which tailor-makes security software for corporations, secured $10 million. And private equity investor Good Energies invested $20 million in SAGE Electrochromics Inc, a 20 year-old firm that makes glass-coverings to cut heating and lighting costs. But investors are getting pickier, scrutinizing every firm as rigorously as they had in the bubble's aftermath.
Michael Kwatinetz of San Francisco's Azure Capital agreed that the era of "fluffy" investments was over -- not a bad thing if healthier and more fiscally responsible companies emerge. "Get your burn rate under control. Even the best companies are cutting their forward expense rate," Deninger advised.
Agencies
This year, he's helped shut down 30 firms -- more than the total number in 2008. "Business is booming. It's exploding," Pichinson said from his Silicon Valley offices. "It's sad," he added. Venture capitalists and market experts expect the pace of firms that shutdown in the tech industry to accelerate this year, potentially rivaling the dot-com crash, as funding dries up.
Mergers, acquisitions and IPOs are no longer a reliable exit strategy with capital markets tanking and buyers wary. So as in 2000, investors are now putting pressure on their invested firms, forcing them to cut back and save, or just cashing out and cutting their losses. Others say they are hunkering down and awaiting a turnaround and a resumption in deal and IPO activity in 12 to 18 months.
Paul Deninger, vice chairman of investment bank Jefferies & Co in Boston, reckons that about a 10th of the 500 to 1,000 start-ups his institution now tracks nationwide will fail. "The mergers and acquisitions market is firing on four out of eight cylinders," said Deninger, who runs a team that advises on deals. "Are we in a recession or depression? If 18 months from now we're in the same situation as today, then we have a much more serious problem."
To entice investment from a shrinking cash pool, startups now have to come up with fully realized business strategies. Next week, many of Silicon Valley's venture capitalists and chief executives gather near Palm Springs for Demo.Com, a conference showing off undeveloped new products and technology. But unlike in years past, organizers expect many products will be tied to fleshed out business plans and market strategies.
"Companies will present a solid business proposition with a clear path to revenues," promised Chris Shipley, Demo's producer. Last year, many of the start-ups there hoped to "collect a lot of customers and then figure out how to create business value around them. That's not working in the market today." Silicon Valley got a wake-up call in October, when a private slide-presentation put together by well-known VC Sequoia somehow got leaked onto the Internet.
Entitled "RIP Good Times", it forced an already-nervous industry to mull over declarations like "it is different this time," and "recovery will be long," and "spend every dollar as if it were your last." Venture capital funding tanked 71 per cent in the fourth quarter of 2008, but investment hasn't completely vanished. This week alone, Apparent Networks Inc of Massachusetts, which designs software to help firms access networks, raised $12 million from venture firms.
Aveksa Inc, which tailor-makes security software for corporations, secured $10 million. And private equity investor Good Energies invested $20 million in SAGE Electrochromics Inc, a 20 year-old firm that makes glass-coverings to cut heating and lighting costs. But investors are getting pickier, scrutinizing every firm as rigorously as they had in the bubble's aftermath.
Michael Kwatinetz of San Francisco's Azure Capital agreed that the era of "fluffy" investments was over -- not a bad thing if healthier and more fiscally responsible companies emerge. "Get your burn rate under control. Even the best companies are cutting their forward expense rate," Deninger advised.
Agencies
Is more layoffs planned by TCS at its UK centre?
Just a day after the report of India’s biggest software exporter TCS laying off several employees at its UK office, comes a report that the company has put another 130 employees under scanner.
According to a report in a business daily, the 130 employees are said to be working for its UK-based insurance client Legal and General’s (L&G’s).
In June 2008, TCS signed a five-year agreement with L&G to provide IT managed services. Under this, TCS was to provide application development and support services from the client's premises plus TCS' new delivery centre based in UK.
Earlier reports said that Mumbai-based TCS laid off most of its marketing team in London, plus a large number of professionals in the consulting division. According to sources, the targets were mainly the high-end consultants who are said to be an expensive lot to keep on the bench, and marketing.
Giving reasons for the over 100 layoffs in the UK office, TCS CEO & MD S Ramadorai said that either the contracts of these employees had ended, or can be due to bad performance. He added that going forward in the year, a lot of emphasis will be on employee efficiency.
This week, the IT major also accepted that it may go for further job cuts to tackle global economic downturn. The company also ruled out salary hikes next year.
Ramadorai said, "There would be no hike in salaries in the forthcoming year" and added that "job cuts are possible if the situation worsens".
Adding further that TCS has frozen "lateral intake" he said the company is reviewing variable pay component on employee salaries.
The variable pay component of TCS employees differs between 22 per cent and 35 per cent of his/her gross salary, depending on employee rank, he said.
Variable pay represents eight percent of the total revenue of TCS, whose headcount is 1.3 lakh. Ramadorai said the company is also looking into all aspects of cost reduction, including capex and infrastructure.
Unconfirmed reports also suggest that the company is planning to increase its working hours by 10-15 per cent over the current 40-hour, five-day week cycle.
Agencies
According to a report in a business daily, the 130 employees are said to be working for its UK-based insurance client Legal and General’s (L&G’s).
In June 2008, TCS signed a five-year agreement with L&G to provide IT managed services. Under this, TCS was to provide application development and support services from the client's premises plus TCS' new delivery centre based in UK.
Earlier reports said that Mumbai-based TCS laid off most of its marketing team in London, plus a large number of professionals in the consulting division. According to sources, the targets were mainly the high-end consultants who are said to be an expensive lot to keep on the bench, and marketing.
Giving reasons for the over 100 layoffs in the UK office, TCS CEO & MD S Ramadorai said that either the contracts of these employees had ended, or can be due to bad performance. He added that going forward in the year, a lot of emphasis will be on employee efficiency.
This week, the IT major also accepted that it may go for further job cuts to tackle global economic downturn. The company also ruled out salary hikes next year.
Ramadorai said, "There would be no hike in salaries in the forthcoming year" and added that "job cuts are possible if the situation worsens".
Adding further that TCS has frozen "lateral intake" he said the company is reviewing variable pay component on employee salaries.
The variable pay component of TCS employees differs between 22 per cent and 35 per cent of his/her gross salary, depending on employee rank, he said.
Variable pay represents eight percent of the total revenue of TCS, whose headcount is 1.3 lakh. Ramadorai said the company is also looking into all aspects of cost reduction, including capex and infrastructure.
Unconfirmed reports also suggest that the company is planning to increase its working hours by 10-15 per cent over the current 40-hour, five-day week cycle.
Agencies
Yahoo CEO ushers out CFO in executive shake-up
After spending six weeks diagnosing Yahoo Inc.'s troubles, new Chief Executive Carol Bartz started to prescribe a cure on Thursday with a management shake-up that will usher out the Internet company's chief financial officer.
Besides pushing CFO Blake Jorgensen out the door, the overhaul will expand the responsibilities of Yahoo's chief technology officer, Ari Balogh, and the company's top advertising executive in the United States, Hilary Schneider.
Bartz also created two jobs: a chief marketing officer and her own chief of staff.
Elisa Steele, who has been working at NetApp Inc., will join Yahoo as chief marketing officer on March 23, while Joel Jones, a former McKinsey consultant who has been Yahoo's corporate strategist, becomes Bartz's chief of staff as of Thursday.
With the new pecking order, Bartz hopes to speed up Yahoo's decision-making and have a senior team that supports her strategy for turning around a company struggling with three years of declining profits _ a downturn that had battered its stock price well before the market's overall decline.
Although Bartz still hasn't specified how she intends to get Yahoo back on track, she has left no doubt about her resolve to recapture the Internet pioneer's glory days.
``I'm singularly focused on providing you with awesome products. Period,'' Bartz wrote in a blog posting Thursday addressed to Yahoo's 500 million worldwide users.
Yahoo's previous two CEOs, co-founder Jerry Yang and former movie studio mogul Terry Semel, also attempted to revive Yahoo in recent years by reshuffling executives, but those moves never paid off. Bartz's reorganization is meant to last two to four years.
Investors appear to be betting that Bartz will deliver on her promises. Yahoo shares gained 50 cents, or 4 percent, to close Thursday at $12.98.
Yahoo hired Bartz, 60, last month to replace Yang, who exasperated many investors and employees with his wishy-washy management style. Yang also infuriated stockholders last year by turning down an opportunity to sell Yahoo to rival Microsoft Corp. for $47.5 billion, or $33 per share, well above the price of $19.18 just before the software maker announced its initial bid.
Although Microsoft CEO Steve Ballmer has repeatedly said he no longer wants to buy Yahoo in its entirety, he has indicated he still wants to explore a possible partnership that would involve Yahoo's online search engine, the second most popular behind that of Google Inc.
Bartz so far has been lukewarm to the idea in her public remarks, but Jorgensen expressed an interest in working with Microsoft in a Wednesday presentation at an investor conference.
In a Thursday research note, Barclays Capital analyst Douglas Anmuth said he didn't consider Jorgensen's departure a sign Yahoo is any less interested in working with Microsoft.
But Anmuth wondered about the wisdom of letting Jorgensen go, given that Bartz came to Yahoo without any previous Internet experience. Jorgensen also was somewhat of a novice, having joined Yahoo in June 2007, but Anmuth thought he would at least provide Yahoo some stability.
Jorgensen will remain CFO until Bartz can find replacement. His departure isn't a total shock because he was an ally of former Yahoo President Susan Decker, who resigned last month after Bartz beat her out for the CEO job.
But Jorgensen provided no inkling he might be headed out the door when he met with USB analyst Benjamin Schachter earlier this week, Schachter wrote in a Thursday note.
``While we were fans of Blake, Bartz is clearly going to be leading the charge here,'' Schachter wrote.
Jorgensen is paid a salary of $500,000, according to Yahoo's most recent disclosures about executive compensation. The terms of his severance package weren't disclosed Thursday.
Besides changing CFOs, Yahoo also appointed a new leader to expand its service on to mobile devices. David Ko, already part of the mobile team, was promoted to the top job in the division to replace Marco Boerries, who is leaving the company after a four-year stint.
Bartz mainly wants to root out bureaucracy with her new chain of command.
``People here have impressed the hell out of me,'' Bartz wrote Thursday. ``They're smart, dedicated, passionate, driven, and really nice. There's so much great energy and frankly lots of optimism. But there's also plenty that has bogged this company down. For starters, you'd be amazed at how complicated some things are here.''
In hopes of simplifying things, Bartz is placing all of Yahoo's products under Balogh, who joined the company a year ago. The shift appears to lessen the authority of Ash Patel, who had been overseeing most of Yahoo's products.
Schneider's job is being expanded to include oversight of advertisers and partners in Canada, not just the United States. Bartz intends to hire another executive to steer Yahoo's advertising relationships in Mexico and overseas.
Finally, Yahoo is creating a new division to handle complaints from frustrated users and advertising customers.
Agencies
Besides pushing CFO Blake Jorgensen out the door, the overhaul will expand the responsibilities of Yahoo's chief technology officer, Ari Balogh, and the company's top advertising executive in the United States, Hilary Schneider.
Bartz also created two jobs: a chief marketing officer and her own chief of staff.
Elisa Steele, who has been working at NetApp Inc., will join Yahoo as chief marketing officer on March 23, while Joel Jones, a former McKinsey consultant who has been Yahoo's corporate strategist, becomes Bartz's chief of staff as of Thursday.
With the new pecking order, Bartz hopes to speed up Yahoo's decision-making and have a senior team that supports her strategy for turning around a company struggling with three years of declining profits _ a downturn that had battered its stock price well before the market's overall decline.
Although Bartz still hasn't specified how she intends to get Yahoo back on track, she has left no doubt about her resolve to recapture the Internet pioneer's glory days.
``I'm singularly focused on providing you with awesome products. Period,'' Bartz wrote in a blog posting Thursday addressed to Yahoo's 500 million worldwide users.
Yahoo's previous two CEOs, co-founder Jerry Yang and former movie studio mogul Terry Semel, also attempted to revive Yahoo in recent years by reshuffling executives, but those moves never paid off. Bartz's reorganization is meant to last two to four years.
Investors appear to be betting that Bartz will deliver on her promises. Yahoo shares gained 50 cents, or 4 percent, to close Thursday at $12.98.
Yahoo hired Bartz, 60, last month to replace Yang, who exasperated many investors and employees with his wishy-washy management style. Yang also infuriated stockholders last year by turning down an opportunity to sell Yahoo to rival Microsoft Corp. for $47.5 billion, or $33 per share, well above the price of $19.18 just before the software maker announced its initial bid.
Although Microsoft CEO Steve Ballmer has repeatedly said he no longer wants to buy Yahoo in its entirety, he has indicated he still wants to explore a possible partnership that would involve Yahoo's online search engine, the second most popular behind that of Google Inc.
Bartz so far has been lukewarm to the idea in her public remarks, but Jorgensen expressed an interest in working with Microsoft in a Wednesday presentation at an investor conference.
In a Thursday research note, Barclays Capital analyst Douglas Anmuth said he didn't consider Jorgensen's departure a sign Yahoo is any less interested in working with Microsoft.
But Anmuth wondered about the wisdom of letting Jorgensen go, given that Bartz came to Yahoo without any previous Internet experience. Jorgensen also was somewhat of a novice, having joined Yahoo in June 2007, but Anmuth thought he would at least provide Yahoo some stability.
Jorgensen will remain CFO until Bartz can find replacement. His departure isn't a total shock because he was an ally of former Yahoo President Susan Decker, who resigned last month after Bartz beat her out for the CEO job.
But Jorgensen provided no inkling he might be headed out the door when he met with USB analyst Benjamin Schachter earlier this week, Schachter wrote in a Thursday note.
``While we were fans of Blake, Bartz is clearly going to be leading the charge here,'' Schachter wrote.
Jorgensen is paid a salary of $500,000, according to Yahoo's most recent disclosures about executive compensation. The terms of his severance package weren't disclosed Thursday.
Besides changing CFOs, Yahoo also appointed a new leader to expand its service on to mobile devices. David Ko, already part of the mobile team, was promoted to the top job in the division to replace Marco Boerries, who is leaving the company after a four-year stint.
Bartz mainly wants to root out bureaucracy with her new chain of command.
``People here have impressed the hell out of me,'' Bartz wrote Thursday. ``They're smart, dedicated, passionate, driven, and really nice. There's so much great energy and frankly lots of optimism. But there's also plenty that has bogged this company down. For starters, you'd be amazed at how complicated some things are here.''
In hopes of simplifying things, Bartz is placing all of Yahoo's products under Balogh, who joined the company a year ago. The shift appears to lessen the authority of Ash Patel, who had been overseeing most of Yahoo's products.
Schneider's job is being expanded to include oversight of advertisers and partners in Canada, not just the United States. Bartz intends to hire another executive to steer Yahoo's advertising relationships in Mexico and overseas.
Finally, Yahoo is creating a new division to handle complaints from frustrated users and advertising customers.
Agencies
Friday, February 27, 2009
Are salaries at Indian IT MNCs melting?
Software multinationals in India have begun freezing wage increases, slashing salaries and postponing merit-based hikes, a study by Indian consulting firm Zinnov has found.
"Though Bangalore stands highest in its average salary for multinational R&D firms, followed by Pune and Chennai, the economic slump is causing undue pressure on them to retain compensation levels," Zinnov director for advisory services C S Chandramouli, said after the survey was made public.
Hinting that IT salaries in 2009 would see a freeze across the board in a majority of the firms surveyed, Chandramouli said the average increment would be in the 5-12 per cent range.
"Of the 30 representative multinationals surveyed in these three cities (Bangalore, Pune and Chennai), 27 per cent of them said they have frozen salary increases this year, while 42 per cent said they would provide salary increases and 15 per cent have postponed their merit increase cycle to take a call at a later stage if the economic scenario changes," Chandramouli said.
As a preferred destination for IT services and R&D, about 680 multinationals operate in India. Many of them have more than one R&D centre and presence in one or two of the three cities surveyed.
According to Zinnov's annual report on "Compensation and Benefit Study 2009", 12 per cent of the MNCs have announced 5-10 per cent salary cuts either for senior management or across levels.
"The survey highlights that multinationals are also shifting focus to the variable pay component to reward and retain top performers as opposed to fixed pay. Some of them have even restructured their compensation, linking employee rewards to individual and organisational results," the report said.
Referring to the adverse impact of the tough economic conditions on the compensation budgets, Chandramouli said MNCs were attempting to balance their need to retain key talent and address concerns over wage increase.
"Organisations are being proactive in managing people cost as it constitutes about 62 per cent of the total operating cost," he noted.
Highlighting compensation trends across functions like engineering, quality assurance testing and technical architects, the report said senior positions such as engineering manager and director engineering continued to be on a rise, with an average 8 per cent increase.
As India's IT hub, Bangalore, however, continues to dominate the compensation index, especially in software product and R&D. "Bangalore engineers are paid 5 per cent higher than their counterparts in Pune and 8 per cent higher than in Chennai for engineering and quality positions," Zinnov consultant Sahana Shetty said.
However, average salaries of senior positions in the three cities are similar, though average salaries at junior positions are two-three per cent higher in Bangalore. "Employees are not clear if they will be laid off or if the projects they are working on will be de-prioritised. They are also concerned about the financial health of the parent company. Employees are frustrated with cost cuts for what seem like inexpensive benefits (snacks, lunch, office parties, etc)," Shetty added.
Agencies
"Though Bangalore stands highest in its average salary for multinational R&D firms, followed by Pune and Chennai, the economic slump is causing undue pressure on them to retain compensation levels," Zinnov director for advisory services C S Chandramouli, said after the survey was made public.
Hinting that IT salaries in 2009 would see a freeze across the board in a majority of the firms surveyed, Chandramouli said the average increment would be in the 5-12 per cent range.
"Of the 30 representative multinationals surveyed in these three cities (Bangalore, Pune and Chennai), 27 per cent of them said they have frozen salary increases this year, while 42 per cent said they would provide salary increases and 15 per cent have postponed their merit increase cycle to take a call at a later stage if the economic scenario changes," Chandramouli said.
As a preferred destination for IT services and R&D, about 680 multinationals operate in India. Many of them have more than one R&D centre and presence in one or two of the three cities surveyed.
According to Zinnov's annual report on "Compensation and Benefit Study 2009", 12 per cent of the MNCs have announced 5-10 per cent salary cuts either for senior management or across levels.
"The survey highlights that multinationals are also shifting focus to the variable pay component to reward and retain top performers as opposed to fixed pay. Some of them have even restructured their compensation, linking employee rewards to individual and organisational results," the report said.
Referring to the adverse impact of the tough economic conditions on the compensation budgets, Chandramouli said MNCs were attempting to balance their need to retain key talent and address concerns over wage increase.
"Organisations are being proactive in managing people cost as it constitutes about 62 per cent of the total operating cost," he noted.
Highlighting compensation trends across functions like engineering, quality assurance testing and technical architects, the report said senior positions such as engineering manager and director engineering continued to be on a rise, with an average 8 per cent increase.
As India's IT hub, Bangalore, however, continues to dominate the compensation index, especially in software product and R&D. "Bangalore engineers are paid 5 per cent higher than their counterparts in Pune and 8 per cent higher than in Chennai for engineering and quality positions," Zinnov consultant Sahana Shetty said.
However, average salaries of senior positions in the three cities are similar, though average salaries at junior positions are two-three per cent higher in Bangalore. "Employees are not clear if they will be laid off or if the projects they are working on will be de-prioritised. They are also concerned about the financial health of the parent company. Employees are frustrated with cost cuts for what seem like inexpensive benefits (snacks, lunch, office parties, etc)," Shetty added.
Agencies
IBM to host gen-next technology competition
As part of its University Relations programme, IBM has rolled out a novel gen-next technology challenge titled "IBM Blue Battle" in over 25 leading engineering colleges across India.
The first in the "IBM Blue Battle" series has been launched at IIIT Hyderabad and is being conducted on IBM Multi-core architecture for gaming. Colleges to follow include UVCE Bangalore, JNTU Hyderabad, Madras Institute of Technology (Anna University) Chennai, few IITs and NITs.
Amol Mahamuni, programme director, WebSphere Solutions and Technology and University Relations-IBM India/SA, said, "The challenge will enhance the students' knowledge on technologies that are at the helm of innovation across the industry and provide them with an opportunity to develop innovative solutions in real work scenario." It hones their technical skills while learning basic on-the-job skills such as teamwork, organization, and working under deadlines, he added.
The competition will enable participants to work on technologies such as Multi processors/Nano technology, electronics, service oriented architecture (SOA), Multi Core Architecture, Enterprise Computing (IBM System z), Information Management, Web 2.0, cloud computing, virtualization and High Performance Computing (HPC). Mentors from IBM, along with the college faculty, will closely work with the students throughout the programme.
This competition will also enable students to work on projects using IBM products, applications, tools and services in the future through further collaboration and mentoring by IBM experts.
The winners of this competition will receive prizes including Lenovo Ideapad laptops, along with certification from IBM.
IBM's University Relations has been partnering with academia to drive evolving open standards-based IT skills.
CXOtoday.com
The first in the "IBM Blue Battle" series has been launched at IIIT Hyderabad and is being conducted on IBM Multi-core architecture for gaming. Colleges to follow include UVCE Bangalore, JNTU Hyderabad, Madras Institute of Technology (Anna University) Chennai, few IITs and NITs.
Amol Mahamuni, programme director, WebSphere Solutions and Technology and University Relations-IBM India/SA, said, "The challenge will enhance the students' knowledge on technologies that are at the helm of innovation across the industry and provide them with an opportunity to develop innovative solutions in real work scenario." It hones their technical skills while learning basic on-the-job skills such as teamwork, organization, and working under deadlines, he added.
The competition will enable participants to work on technologies such as Multi processors/Nano technology, electronics, service oriented architecture (SOA), Multi Core Architecture, Enterprise Computing (IBM System z), Information Management, Web 2.0, cloud computing, virtualization and High Performance Computing (HPC). Mentors from IBM, along with the college faculty, will closely work with the students throughout the programme.
This competition will also enable students to work on projects using IBM products, applications, tools and services in the future through further collaboration and mentoring by IBM experts.
The winners of this competition will receive prizes including Lenovo Ideapad laptops, along with certification from IBM.
IBM's University Relations has been partnering with academia to drive evolving open standards-based IT skills.
CXOtoday.com
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