Content Preview: rss
ABI 849 days ago
Reserve Bank of India, the nation's central bank, has had a tough first six months at office -- first to keep inflation under check and then to delicately address the runaway rise of the Indian rupee (against the dollar). A series of measures linked to curbing credit growth and lowering short-term interest rates twice this year, have pegged inflation to 4.27 per cent for the week ending July 4 from a two-year high of 6.73 per cent in January-end. Currently, India's inflation is within the medium-term range set by the RBI. A variety of factors are, however, keeping the rupee firm against the dollar, which has risen by nearly 10 per cent between January-July this year. The rupee stands at a near-decade high of 40.3 against the dollar, from 44.2 when the year began. Rupee appreciation has been the sharpest in three decades in the April-June quarter this year. And analysts expect the rupee to gain further. The impact of a rupee rise As the rupee rises against the dollar (or ...
ABI 853 days ago
S o here are two young IT professionals turned- writers, Was Rahman and Priya Kurien, who have attempted to rewrite the story exploring the intricacies of today’s ‘least understood’ IT industry. It would be wrong to say Was Rahman and Priya Kurien are trying to demystify Information Technology (IT) in their book "Blind Men and the Elephant". The industry is too much of a behemoth for one book to be able to do that. Elaborating on the book, Was Rahman, a post graduate in Management and IT from Coventry University says, “In the poem, the six blind men described each part of an elephant and guess it was the elephant. Similar is the case with the industry as nobody has given its full history. Each group gives its own descriptions, based on its perspective.’’ Priya, an engineering graduate from Guindy Engineering College, says, “The book talks about almost all aspects of the industry from its fascinating past to the future.’’ Was and Priya’s experience in the industry has ...
ABI 856 days ago
Where do I start for a job change or a job hunt ?? What would be the right career move ?? How do I market my curriculum vitae ?? Do you ask yourself these questions before a job change ?? Most of us do and are worried how to headhunt for the right opportunity for the position matching our aspirations. So I thought to pen down some universal tips and tricks. 1. Preparing a presentable resume. 2. Marketing your resume 3. Handpicking the employers 4. Attending interviews 5. Negotiating your CTC 6. Picking the cream of offers 1. Preparing a presentable resume Analyze your resume : The resume is a selling tool that outlines your skills and experiences so an employer can see, at a glance, how you can contribute to the employer's workplace. The most effective resumes are clearly focused on a specific job title and address the employer's stated requirements for the position. The more you know about the duties and skills required for the job--and organize your resume ...
ABI 856 days ago
F or a while now the two words that have characterised the IT industry are “cost arbitrage”. Investors and analysts now want the industry to learn two new words: Pricing power. Hit on the cost side because of an increase in employee costs and on the revenue side because of a rise in the value of the rupee against other currencies, the industry needs to figure out if its clients need it enough to allow them to raise prices. “I think it is obvious that these companies do not have power to renegotiate prices to completely offset the adverse circumstances,” says the India head of a multi-strategy fund that currently managed about $2.5 billion. Most companies are negotiating a price increase of 1-2% on contracts coming up for renewal. This is unlikely to nullify the 5-6% decline in profit margins. No wonder then that most frontline IT stocks have underperformed the Sensex by more than 10% over the last six months. One stark indicator of the state of the industry is the return on ...
ABI 856 days ago
I nfosys Technologies is seeing the exit of another top level official with the head of its banking product business leaving the organisation. Merwin Fernandes, who was heading Infosys’ banking product business — Finacle — has put in his papers. Mr Fernandes has spent close to a decade in Infosys and was the VP and global head — Finacle. He moved into the role following the elevation of Girish Vaidya as senior vice-president, Infosys Leadership Institute. However, it is not known what will be the Mr Fernandes’ future plans, though speculation is rife is that he will be moving into one of the rival businesses of Finacle. Confirming the development, Infosys in a statement said: “Yes, we can confirm that Merwin Fernandes has resigned from the services of the company to pursue his personal interests. At this stage the organisation is in the process of appointing a successor. The successor will be announced shortly to ensure a smooth transition.” Sources said Infosys has asked Mr ...
