Global software major Wipro Technologies is expanding its US operations and will hire about 1,000 people, including more locals, at its Atlanta development facility, the IT bellwether said on Monday.
"We are expanding our US operations to scale up our headcount to about 1,000 from 350 presently at our Atlanta centre," the company said in a statement here.
"About 80 percent of them are locals and includes graduates from leading academic institutions in Atlanta," it added.
"The local employees will support our North American clients in diverse verticals such as healthcare, manufacturing, telecom, utilities, retail and financial services," Wipro chief global delivery officer Sambuddha Deb said in the statement.
Lauding Wipro for investing in the Georgia state capital, Metro Atlanta Chamber vice-president Jorge Fernandez said the trade body's goal was not to just attract global firms, but also ensure that they thrive and grow in the US market.
"Wipro's success signifies more high-tech jobs to metro Atlanta and continues to build our reach into India," Fernandez said.
Atlanta Development Authority director Charles Whatley said Atlanta has emerged as the prime location for global firms like Wipro to set up their US headquarters.
"Wipro is finding attractive talent and our market is welcoming its services," Whatley added.
Wednesday, November 25, 2009
Infosys, New Deals, Outsourcing, TCS
Tata Comm, Infosys & four others in deal with US cos
Six Indian companies, including Tata Communications, Infosys Technologies and Apollo Hospitals, have signed separate collaboration agreements with US-based firms for joint business development at Washington on Monday.
The agreement signing ceremony, organised by industry body CII, coincides with the state visit of Prime Minister Manmohan Singh to the US.
Data services provider Tata Communications has inked a Memorandum of Understanding (MoU) with Tyco Electronics to work together in providing additional connectivity and transmission, using dark fibers on the submarine cable system.
Indian IT major Infosys Technologies has signed a multi-year enterprise agreement with Microsoft, to work together in areas like databases, besides infrastructure and application software.
Apollo Hospitals has signed an MoU with stem cell therapeutics company StemCyte to establish a cord blood bank facility at its Ahmedabad-based hospital.
Drugmaker Cadila has joined hands with biotech firm Novavax to support production of key vaccines in India, including the recently-developed H1N1 Pandemic Vaccine. Jubilant Organosys also entered into a joint venture with two US institutes — University of Alabama and Southern Research Institute.
The agreement signing ceremony, organised by industry body CII, coincides with the state visit of Prime Minister Manmohan Singh to the US.
Data services provider Tata Communications has inked a Memorandum of Understanding (MoU) with Tyco Electronics to work together in providing additional connectivity and transmission, using dark fibers on the submarine cable system.
Indian IT major Infosys Technologies has signed a multi-year enterprise agreement with Microsoft, to work together in areas like databases, besides infrastructure and application software.
Apollo Hospitals has signed an MoU with stem cell therapeutics company StemCyte to establish a cord blood bank facility at its Ahmedabad-based hospital.
Drugmaker Cadila has joined hands with biotech firm Novavax to support production of key vaccines in India, including the recently-developed H1N1 Pandemic Vaccine. Jubilant Organosys also entered into a joint venture with two US institutes — University of Alabama and Southern Research Institute.
IT market, Satyam
Satyam scam is of over $2.8 bn: CBI
The accounting scam at Satyam Computer Services is to the tune of Rs.14,000 crore (Rs 140 billion/$2.8 billion)) and not Rs 7,800 crore (Rs 78 billion) as the company's disgraced former chairman B Ramalinga Raju stated earlier this year, the Central Bureau of Investigation (CBI) has said. ( Watch )
The federal agency Tuesday filed a 200-page charge sheet in the special court for CBI cases here that had details of properties acquired by Raju and other accused and their financial transactions abroad through fictitious firms.
"The quantum of scam and the loss suffered by investors has been quantified. The loss suffered by investors works out to over Rs 14,000 crore," said CBI Deputy Inspector General Lakshminarayana.
The federal agency Tuesday filed a 200-page charge sheet in the special court for CBI cases here that had details of properties acquired by Raju and other accused and their financial transactions abroad through fictitious firms.
"The quantum of scam and the loss suffered by investors has been quantified. The loss suffered by investors works out to over Rs 14,000 crore," said CBI Deputy Inspector General Lakshminarayana.
IT market
Microsoft CFO to leave, look for bigger job
Microsoft Corp's Chief Financial Officer Chris Liddell is to leave the company at the end of the year, indicating that he is looking for a bigger job at another company.
Liddell, 51, has been CFO at the world's largest software company since May 2005, after joining from paper and packaging maker International Paper Co, where he was also CFO.
The New Zealander, who has a masters degree in philosophy and does triathlons in his spare time, is now "looking at a number of opportunities that will expand his career beyond being a CFO," according to Microsoft.
Before coming to the United States, Liddell was CEO of New Zealand forest products company Carter Holt Harvey Ltd, and also worked as an investment banker.
He will be succeeded as Microsoft CFO by Peter Klein, who is currently CFO of Microsoft's Business Division, which makes the highly profitable Office suite of programs.
Microsoft shares fell 21 cents in after-hours trading to $29.74.
Liddell, 51, has been CFO at the world's largest software company since May 2005, after joining from paper and packaging maker International Paper Co, where he was also CFO.
The New Zealander, who has a masters degree in philosophy and does triathlons in his spare time, is now "looking at a number of opportunities that will expand his career beyond being a CFO," according to Microsoft.
Before coming to the United States, Liddell was CEO of New Zealand forest products company Carter Holt Harvey Ltd, and also worked as an investment banker.
He will be succeeded as Microsoft CFO by Peter Klein, who is currently CFO of Microsoft's Business Division, which makes the highly profitable Office suite of programs.
Microsoft shares fell 21 cents in after-hours trading to $29.74.
HCL, new openings
HCL opens centre in Brazil
HCL Technologies said it has opened a global IT development centre in Sao Leopoldo, Brazil, to cater to clients across Latin America, North America and Europe.
The centre, which compliments HCL's operations in Sao Paulo, is expected to hire over 300 engineers by 2012, HCL Technologies said in a statement.
The centre will offer a range of services, including enterprise application services, custom applications development and maintenance, and remote infrastructure management to clients primarily in Latin America, North America and Europe, the statement said.
Brazil accounts for more than 40 per cent of the overall IT spending in Latin America. According to global market research and analytics company IDC, spending in IT services activities in Latin America will be more than USD 20 billion in 2009 and will grow to more than USD 25 billion in 2012.
"Brazil offers the perfect balance of cost savings and talent base that allows HCL to serve clients not only in this fast-growing region, but also in the US and Europe," HCL America President Shami Khorana said.
HCL's operation in Brazil is the first in a series of locations the company will establish in Latin America, he added.
The centre, which compliments HCL's operations in Sao Paulo, is expected to hire over 300 engineers by 2012, HCL Technologies said in a statement.
The centre will offer a range of services, including enterprise application services, custom applications development and maintenance, and remote infrastructure management to clients primarily in Latin America, North America and Europe, the statement said.
Brazil accounts for more than 40 per cent of the overall IT spending in Latin America. According to global market research and analytics company IDC, spending in IT services activities in Latin America will be more than USD 20 billion in 2009 and will grow to more than USD 25 billion in 2012.
"Brazil offers the perfect balance of cost savings and talent base that allows HCL to serve clients not only in this fast-growing region, but also in the US and Europe," HCL America President Shami Khorana said.
HCL's operation in Brazil is the first in a series of locations the company will establish in Latin America, he added.
H1-B, NRIs
Legislation to make H-1B hiring tough
There seems stricter H-1B restrictions are in the offing for IT firms. According to a report, two senators Bernie Sanders and Charles Grassley, have introduced legislation that would bar any company that lays off 50 or more workers from hiring guest workers.
The legislation could potentially affect a large number of technology firms that have laid off large numbers of workers but continue hiring, says the report in ComputerWorld.
The high-tech industry overall has laid off more than 345,000 workers since August 2008, according to the two senators. In a statement released last week, Grassley said "With the unemployment rate over 10%, companies that undertake mass layoffs shouldn't need to hire foreign guest workers when there are plenty of qualified Americans looking for jobs."
Earlier this year, the duo successfully got H-1B hiring restrictions added to the financial bailout bill. In February 2009, US Senate agreed to set restrictions on the hiring of H-1B workers by financial services firms that receive federal bailout funds.
The amendment passed though didn't include a blanket restriction on H-1B use, it did set a series of strict standards on H-1B hiring. Any company receiving TARP funds is automatically considered H-1B-dependent, regardless of the percentage of H-1B workers on its payroll.
The H-1B-dependent designation subjects employers to a number of requirements, including a good-faith effort to hire US workers first.
Source: IndiaTimes
The legislation could potentially affect a large number of technology firms that have laid off large numbers of workers but continue hiring, says the report in ComputerWorld.
The high-tech industry overall has laid off more than 345,000 workers since August 2008, according to the two senators. In a statement released last week, Grassley said "With the unemployment rate over 10%, companies that undertake mass layoffs shouldn't need to hire foreign guest workers when there are plenty of qualified Americans looking for jobs."
Earlier this year, the duo successfully got H-1B hiring restrictions added to the financial bailout bill. In February 2009, US Senate agreed to set restrictions on the hiring of H-1B workers by financial services firms that receive federal bailout funds.
The amendment passed though didn't include a blanket restriction on H-1B use, it did set a series of strict standards on H-1B hiring. Any company receiving TARP funds is automatically considered H-1B-dependent, regardless of the percentage of H-1B workers on its payroll.
The H-1B-dependent designation subjects employers to a number of requirements, including a good-faith effort to hire US workers first.
Source: IndiaTimes
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