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Posts Tagged ‘usa’

Mahindra Satyam BPO on a hiring spree; To hire 300 by Sept

At a time when software firm Mahindra Satyam is rationalising its headcount, its BPO arm seems to be on a hiring spree with plans to recruit 300 employees by the next month.

The company has recently bagged a major contract from a domestic client for providing it back office support.

“To support the client we have already hired 700 employees in the last one month and will hire another 300 by the end of next month,” Mahindra Satyam BPO CEO Vijay
Rangineni said.

However, he declined to divulge the name of the new client or the deal size.

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Indian firms to shift to Cloud services, says IDC report

Around 40 percent of Indian enterprises are considering the adoption of cloud services to save costs and compete in the challenging market environment reveals, an IDC report.

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17% drop in the semiconductor revenue in 2009

The global semiconductor revenue is on course to total $212 billion in 2009, which is a 17.1 percent decline from 2008 revenue of $255 billion reveals a report.

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ManTech bags cyber security order for US Dept of Agriculture

ManTech International Corporation, is one of six companies awarded a blanket purchase agreement (BPA) from the US Department of Agriculture (USDA) to provide cyber security support. The BPA has a one-year base period, four one-year options and an initial ceiling value of $30 million for all six firms.

ManTech was also recently awarded its first two task orders under this BPA, a press release adds.

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Does US lag in internet speed over other countries?

The US is lagging far behind other industrial nations in the availability and high speed internet broadband connection, according to the Communications Workers of America (CWA) report.

The report states that the average download speed in South Korea is 20.4 mbps, four times faster than the US average of 5.1 mbps.

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Arabic portal Maktoob acquired by Yahoo!

Internet major Yahoo! Inc. today announced that it has entered into a definitive agreement to acquire Maktoob.com, an online community in the Arab world, with more than 16.5 million users.

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New Booklet 3G from Nokia to take on Apple, Dell

Nokia started as a computer company in 1980′s but sold the business in 1991 to focus on mobile phones. Now after two decades Nokia is all set to launch its booklet called “Booklet 3G” to broaden its product range to survive the tough competition in the declining mobile market.

Nokia is facing tough competition in the mobile market as many new players are now entering in the scene.

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GM’s Hummer now a likely target of Chinese

General Motors may sign an agreement for the sale of the Hummer sport-utility vehicle business to Sichuan Tengzhong Heavy Industrial Machinery Co based in Chengdu, China this week, said two people familiar with negotiations.

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New tablet may replace keyboard with touch-screen

Apple is shrinking its Mac computer and bringing out a tablet that is small enough to be carried in a handbag but big enough for comfortable web surfing, newspaper reading and watching movies.

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No pay for Honeywell employees for 10 days

Honeywell has announced that its employees will have to take a mandatory 10 days off in the month of December-January without pay. Krishna Mikkilineni, President of Honeywell Technology Solutions, conveyed the decision at a public gathering in Bangalore recently, reports a media.

On this matter, a Honeywell Spokesperson said, “Even as Honeywell continues to grow its businesses in India, our employees have agreed to participate in a voluntary and temporary reduced work schedule, in consonance with their colleagues elsewhere.”

Honeywell, which makes products like aviation electronics, car turbochargers and temperature control systems for buildings, has been hit badly by the global recession in all of the key businesses it supports – aviation, auto and property.

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Will Accenture layoff 336 executives in 2009?

Accenture, a business consulting and outsourcing company is likely to lay off around 336 senior-level managers as part of a broad-based restructuring effort. William Green, CEO, Accenture said, “We are taking this step to position Accenture better for both short-term and long-term economic improvement growth and profitability.”

The company has about 177,000 employees globally, of which 4,800 are senior-executive employees.

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LED set to change the display systems

You may soon get to enjoy facilities like flexible high-resolution home theatre displays, wearable health monitors, and biomedical imaging devices because scientists are working on a novel process for creating new classes of lighting and display systems.

John Rogers, the Flory-Founder Chair Professor of Materials Science and Engineering at the University of Illinois, has revealed that the new process is all about creating and assembling ultra-thin, ultra-small inorganic light-emitting diodes (LEDs) into large arrays that offer new classes of lighting and display systems with interesting properties, such as see-through construction and mechanical flexibility.

He said that such properties would be impossible to achieve with existing technologies.

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$1 salary for Oracle CEO Larry Ellison

Oracle CEO Larry Ellison will receive a base salary of $1 for fiscal 2010, according to a regulatory document filed Friday.

That’s a decrease of $999,999 from last year.

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Is Intel set to acquire two software firms?

Intel has quietly snapped up two software companies in the last 30 days with aim of boosting development of applications that take better advantage of chips with more than one processing core.

In a company blog, the chipmaker indicated the acquisition of Cilk at the end of last month and then Rapidmind earlier this week.

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Larsen and Toubro to set up commercial banks

The financial services arm of construction and engineering major Larsen and Toubro (L&T) is planning to set up a commercial bank as part of its efforts to have a presence in the entire gamut of financial services in the country.

L&T Finance, which already holds 4.69 percent in City Union Bank, said here Thursday that there were related advantages of starting a bank especially to provide services to corporate partners.

Apart from L&T Finance, the group has floated another non-banking finance company (NBFC), L&T Infrastructure Finance, as well as incorporating a general insurance company, L&T General Insurance.

“Our long-term vision is to be present in the entire gamut of financial services including asset management, general and life insurance and bank.

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