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How these high-paid techies got caught in a salary bubble, and how it's bursting now

Admin| Mar 18, 2017 - 01:16 AM

How these high-paid techies got caught in a salary bubble, and how it's bursting now

NEW DELHI: Last month, former chief financial officer at InfosysBSE 1.12 % TV Mohandas Pai spoke of how big information technology (IT) services companies were ganging up to keep salaries of freshers low as there was oversupply of entry-level engineers. 

But techies are hit by not just low salaries. High salaries too have spelled doom for them. 

In the last few years, India's top startup companies took salaries of freshers to ridiculously high levels. That was when the startup secto......

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L&T Infotech revokes over 1000 job offers in South India

Admin| Jun 01, 2016 - 10:35 AM

L&T Infotech revokes over 1000 job offers in South India 

MUMBAI: L&T Infotech has revoked over 1000 job offers made in Tier 3 colleges in South India, leading some students to begin a hunger strike in Chennai . 
The students, who were in the 2015 batch in the engineering colleges, were placed on hold for over a year and then were dismissed after L&T Infotech carried out a second assessment test. 

A senior official at a Tamil Nadu- based technical university said tha......

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'Benign duty regime for IT hardware can create 10.5 lakh jobs'

Admin| May 19, 2016 - 11:28 AM

NEW DELHI: A favourable duty structure for manufacturing of IT hardware in the country can create over 10.5 lakh jobs by 2020, a report from the Manufacturers' Association for Information Technology ( MAIT ) today said. 

"A favourable duty differential regime can potentially generate 10,56,000 jobs in IT manufacturing and related services if estimated annual demand for 21 million PCs by 2020 is fulfilled entirely through domestic production and the country garners a 30 per cent global mark......

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India to become second largest smartphone market by 2017: Morgan Stanley

Admin| Apr 23, 2016 - 02:38 PM

India is expected to overtake the US as the second-largest smartphone market next year with robust annual growth, says a Morgan Stanley research report. 

According to the report on global technology and telecom, the country's smartphone market will grow at a compounded annual growth rate (CAGR) of 23 per cent through 2018 and would account for 30 per cent of the global growth during the period. 

"We expect India to overtake the US next year as the second-largest smartphone market b......

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