Tuesday, April 3, 2012

Ericsson hires 4,000 employees in India

Ericsson, the world's largest mobile network equipment maker, has increased staff headcount of its global services unit in India, buoyed by a sharp surge in its managed services business.

The Swedish vendor has hired more than 4,000 techies at Ericsson India Global Services, accounting for nearly 90% of its India workforce expansion in calendar year 2011, executives aware of the development told ET.

Latest employment numbers shared by Ericsson reveal its India workforce climbed nearly 72% last year to 11,535 from 6,710 reported in December 2010.
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Infosys, TCS, Sify bag Postal Department's technology projects

The Department of Post (DoP) has issued Letters of Intent (LoIs) to Infosys, TCS, Sify and Reliance Communications Infrastructure for different technology advancement projects.

"Department is trying to induct technology in a big way. There are eight RFPs (Request for Proposal) we have floated and issued Letter of Intent in five (projects) to companies which include Infosys, TCS, Sify and Reliance," Secretary (Posts) Manjula Parasher told reporters here.

The Department has got approval of Rs 1,877.2 crore to be spend across these projects over period of two years and will seek additional funds when the need arises.

Dell to acquire Wyse Tech for $1bn

Dell Inc, the world's third-largest maker of personal computers, paid about $1 billion to buy closely held Wyse Technology Inc, according to a person with knowledge of the matter.

Purchasing Wyse, which makes desktop devices for cloud computing, will boost earnings in the second half of fiscal 2013, Dell said today in a statement, which didn't disclose terms of the deal. David Frink, a spokesman for Round Rock, Texas-based Dell, declined to comment, as did Wyse's Tim Smith.