Outbidding all recessionary trends, jobs are raining in Bangalore. The city has witnessed several industry specific job fairs and the latest in the row is a technology job fair organized by SiliconIndia on 13th June at the Nimhans Convention Center.
India being a favorite destination for outsourcing has been reflected by the growth that the BPO sector has witnessed. It has grown at a CAGR of over 37 percent to aggregate revenues of $14.7 billion in 2009 from $11 billion in 2008.
Battered by global meltdown and lower tech spending, the Indian IT industry is looking up to the new government for extension of fiscal benefits and relief from multiplicity and inequity of taxes to mitigate the recessionary impact.
"Less than one percent of the total workforce has been laid off in the information technology and business process outsourcing industry," said Pramod Bhasin, Nasscom Chairman and Genpact President and CEO.
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If you are searching for a job, you would be very lucky if you get into any of the companies listed on the list of 'India's Best Companies to Work For 2009'.
HCL Technologies (HCLTECH) stock stood as the top gainer today, when it shot up by 12.67 percent reaching 194.35 points with a total volume of 3,140,659 shares traded.
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The State Bank of India is in the final stages of inking the set up of private equity funds with
Financially strong local investors like insurance companies and state-owned financial institutions have decided to abstain from qualified institutional placements (QIPs) by corporate.
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