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JOBS and PLACEMENT NEWS - February 07, 2015

IIM-A Offers Better Career Growth than Harvard Business School: Survey

IIM Ahmedabad has yet again secured a prominent position in a survey of global B-Schools. A recent survey by the British newspaper Financial Times has ranked IIM Ahmedabad at the 26th position in its list of best B-Schools in the world. What's more interesting is that the survey has positioned IIM-A on the second place in "career progress" ranking, next to Stanford Graduate School of Business and ahead of Harvard Business School. The Financial Times calculated "career progress" of B-Schools according to changes in the level of seniority and the size of the companies their alumni are working now, compared with before their MBA. (Key to the 2015 FT Global MBA rankings). On an overall basis, however, Harvard Business School was ranked the top B-School in the world, followed by London Business School and University of Pennsylvania, Wharton. (See full list here) The other Indian B-Schools that featured in Financial Times top 100 list were Indian School of Business (ISB) and IIM Bangalore, which were placed at the 33rd and 82nd positions. However, IIM-Bangalore was ranked at the 5th place when it comes to "career progress" and ISB at 33th. While IIM-A and ISB moved up charts as compared to their last year's overall rankings of 30th and 36th, IIM-B has fallen to 82nd from 68th.

Source : 29-01-15

6 start-ups impress IIT-B panel, get Rs 10 lakh in 10 mins

Impress a panel of investors in just 10 minutes and walk away with investments of Rs 10 lakh on the spot — This was the aim of eight teams of young entrepreneurs that presented their business strategy and plans on Sunday at IIT Bombay’s E-Summit. Six managed to get the investment money. With an aim of helping start-ups raise funds, IIT-Bombay launched ‘10-Minute Million’, an on-the-spot funding initiative. Start-ups get 10 minutes each to pitch to a panel of ‘angel investors’ for raising Rs 10 lakh. Organisers said the Rs 10 lakh need not necessarily come from a single investor and that multiple investors can pool in. The initiative comes at a time when the IITs are increasing their commitment to support entrepreneurship. Out of hundreds of entries and registrations, eight start-ups were pre-screened.

Source : 02-02-15

Job cut plan to hit eBay India headcount

Internet commerce company eBay’s plan to cut 2,400 jobs or 7 per cent of its workforce across the globe will also affect its Indian operations, the company said. “All regions, including India, will be impacted, including all eBay India and PayPal,” eBay India spokesperson said in an email response. However, he refused to share the quantum of job cuts in India. The firm has two development centres- one in Chennai and another in Bengaluru. Both these house about 2,800 employees doing work for both eBay and payments firm Paypal. While sources put the quantum of job cuts in India at about 1,000 employees, eBay spokesperson said that would be incorrect, without sharing the specifics. “The global job cuts involve eBay marketplaces, eBay enterprise and PayPal,” he added. eBay is in the process of spinning off Paypal into a separate firm, which is expected to be completed in the second-half of 2015. The firm is also mulling spin off its enterprise unit. Last year, Yahoo laid off 400 employees at its Bengaluru unit, accounting for 3 per cent of its total worldwide. However, this accounted for one third of its staff in Bengaluru, an office that focused on technology, operations, support and engineering.

Source : 31-01-15

PSU Banks should be allowed to recruit From IITs, IIMs: SBI

The country's largest lender, SBI has said that public sector banks should be given an opportunity to tap the best talent from premier institutes like IITs and IIMs. "The public money goes into formation of the institutions like IITs and IIMs. From all of these good institutions, which nurture the best talents of the country, the public sector banks are barred from recruitment," SBI chairperson Ms. Arundhati Bhattacharya said at a recent event. She said currently the Supreme Court does not allow state-run banks to go for campus recruitment to these premier institutions as every vacancy has to be advertised so that everyone should be able to participate in it. "Now, what kind of a country actually spends tax payers money and then stops the public sector banks from taking talents from these institutions," she said. She further said that by not allowing public sector banks to recruit from IITs and IIMs, it is creating a barrier and does not give them a level-playing field.

Source : 01-02-15

TCS eyes $5-b from digital vertical; hires over 1500 this fiscal

Targeting revenue of up to USD 5 billion from the digital vertical in the next few years, the largest software exporter TCS said it has hired 1,500 experienced hands in the segment so far this fiscal. “During the first three quarters of 2014-15 alone, TCS has made a lateral hiring of over 1,500 experienced professionals with core digital skills,” a company spokesperson said. The hiring includes data scientists and professionals in domains like design visualisation, user experience and the ‘Internet of Things’. It can be noted that the company, which employs over three lakh people, is facing flak on social media for laying off around 1,000 professionals in the country for non-performance and had vociferously defend its actions. So far this fiscal, TCS had a gross employee addition of 16,561, taking the total headcount to 3.18 lakh, while the employee utilisation was at 86.7 per cent excluding trainees. The company’s attrition stood at 13.4 percent and TCS said it would like to keep it at 12-12.5 percent range and that the increase is not due to any layoffs being carried out, as being speculated on social media.

Source : 28-01-15

Oracle to hire 200 people to ramp up cloud business in India

Aiming to ramp up its cloud services business in India, software solutions major Oracle said it will hire 200 people to strengthen its cloud services sales team. "Oracle India is ramping up its cloud business with the addition of a dedicated sales force that will sell Oracle Cloud solutions," the company said in a statement. Indian organisations are undergoing a major shift in the way they implement IT and cloud is being strongly considered as an alternate form of enterprise computing, it added. "Today, both SMBs and large enterprises are relying on cloud technologies to modernise their computing needs. Oracle is poised to support this growth and support customer demand," it said. Oracle India plans to hire over 200 sales professionals to accelerate and ramp up its cloud business in the country, the US-based company added. "In support of Oracle's mission to become the number one cloud provider globally and to rapidly grow its cloud business in India, Oracle India is expanding its cloud sales force to include more specialised sales, business development and post sales support executives," it said. The hiring will take place across Oracle's nine sales offices throughout India, it added.

Source : 31-01-15

TCS relaunches graduate programme to create jobs in Australian IT Sector

Tata Consultancy Services Ltd (TCS), India’s biggest software services exporter, is relaunching the TCS graduate programme in Australia to create new tech job opportunities for Australian graduates. Inductees in the 2015 batch have been selected from leading universities and will participate in a three-month training programme in Australia and India that started on 31 January. “The TCS graduate programme 2015 provides a structured training environment for the team. Australia has a need to develop talent in Science, Technology, Engineering and Mathematical (STEM) fields, and TCS is committed to creating work opportunities for graduates, with the long-term goal to grow globally-integrated executives that have the right skills and capabilities that will assist Australia to remain competitive,” said Ms. Deborah Hadwen, chief executive officer (CEO) of TCS Australia and New Zealand. Over 300 information technology graduates applied to the TCS graduate programme 2015, and 10 participants were selected for the January induction. The graduates will participate in TCS’ Initial Learning Programme (ILP), with an extended session in TCS’ Trivandrum facility, where the trainees will learn software engineering, business intelligence, mobility, Java programming and general business skills. On completion of the training program the graduates will take up full-time employment at TCS Australia.

Source : 04-02-15

Manthan Software raises $60 million

Data analytics provider Manthan Software Services Pvt. Ltd said it raised a fresh round of funding of about $60 million in a round led by Singapore’s Temasek Holdings as the company looks to increase its product portfolio and hire senior sales and marketing executives in international markets. Manthan Software’s existing investor Norwest Partners also put in some money in this round while IDG Ventures India made an exit from the company. Manthan had already received about Rs.105 crore from Temasek and Norwest in December as part of the $60 million round, documents with the Registrar of Companies show. Some analytics companies in India have been receiving large sums of money from investors. Fractal Analytics said in August that it had received an undisclosed amount from Canadian firm Aimia Inc. while media reports have speculated for months that Mu Sigma Inc. is in talks to raise funds. Started in 2004, Manthan Software has raised more than $80 million so far. The company, which has 170 clients across 20 countries, expects to report revenue growth of 70% in the year ending March, chief executive officer Mr. Atul Jalan said.

Source : 04-02-15

Government's mega-drive to hire over 62,000 constables

Government of India has announced one of the biggest recruitment drive of the year. Under the command of Union Home Ministry, over 62,000 men and women will be hired as constables in central paramilitary and police organisations. It is considered as one of the biggest recruitment drives where candidates will be hired by central forces like CRPF, BSF, ITBP, SSB, CISF, NIA and SSF. "This is one of the largest recruitment drives that is being held by the central government for hiring in paramilitary and other allied forces. The large-scale hiring is being conducted keeping in view an increasing role of these forces and growth in number of battalions sanctioned to these forces in the recent past," a senior Home Ministry officer said. The examination to be conducted for all the posts will be undertaken by the Staff Selection Commission (SSC), the official added. The SSC will conduct a three-tier examination for these posts with the stages being physical tests, written efficiency and medical tests. Candidates, who have passed Class X and are between 18-23 years of age, will be eligible.

Source : 03-02-15

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