Torque News -February 2010

Industry Updates (IT-ITES)

·         British Economy Creeps Out of Recession (Source: WSJ)

http://bit.ly/buqQAT

·         India Inc plans to reward employees with double-digit increments (Source: ET)

·         Microsoft profit up 60% to a record 6.7 billion (Source: ET)

·         Intel reports blowout profit while Infosys consolidated Net Profit Falls 3.6% (Source: WSJ)

·         Telecom sector may see salary hikes of up to 30% (Source: ET)

Launches & Innovation

·         Apple unveiled widely anticipated touch-screen tablet computer,

dubbed The iPad (Sourcs: Financial Times)

·         Lenovo Announces 'Lephone' (Source: FORBES)

·         Microsoft, HP to unveil new tablet (Source: Reuters)

·         Disney unveils KeyChest technology (Source: Reuters)

·         Kia, Microsoft Plan Voice System for Cars (Source: WSJ)

Deals & Expansions

·         Infosys Finacle bags 20 deals from RRBs (Source: ET)

·         VMWare to buy Zimbra email unit from Yahoo (Source: Reuters)

·         Apple acquires mobile ad company Quattro Wireless (Source: Reuters)

·         TCG Life sciences, Pfizer ink drug research pact (Source: ET)

·         TCS, Infy, Wipro losing contracts to emerging rivals (Source: ET)

·         HCL Info, Motorola get Rs. 100 Crore radio contract (Source: SiliconIndia)

·         L&T bags Rs 581 cr contracts in coal handling, water biz (Source: ET)

·         HP and Microsoft Corp announced a three-year agreement to invest $250 million to

significantly simplify technology environments for businesses of all sizes (Source: ET)

·         IBM signed a five-year business transformation deal with UTV Software Communications Ltd, India's integrated global media and entertainment company (Source: ET)

·         HCL Tech signed a strategic partnership with Talisma (Source: BS); received a contract worth around Rs 231 crore from UK-based defence equipment maker Meggitt for providing engineering services (Source: PTI); also in talks to buy OLR (Source: WSJ)

Other Updates

·         MindTree ranked first (Source: ET) http://bit.ly/8EqqPl

·         Google Shifts into Online Retailing (Source: BW)

·         L&T plans to generate 20,000 jobs this fiscal  year (Source: ET)

·         Wipro hikes salary, good news for IT (Source: ET)

·         Huawei to Manufacture Telecom Equipment in India (Source: WSJ)

·         Global IT major IBM has received 4,914 patents in the US in 2009 and topped

the list of the world’s most inventive companies. (Source: ET)

Hiring & Firing

·         Twitter hiring workers to turn Tweets into money (Source: Reuters)

·         Lateral hires getting good hikes in IT companies (Source: ET)

·         Satyam to hire 2,000 more (Source: Sify)

·         Oracle plans to hire 2,000 workers: report (Source: Reuters)

·         Oracle may cut Sun's workforce by 50% (Source: ET)

·         Verizon to cut 13,000 jobs (Source: TIMES OF INDIA)

Addwiser Pick of the Month

Candidate Control:  The Key to Recruiting Success

http://www.billradin.com/recruiting_tips_candidate_motivation.htm