Jobs rain in Bangalore-R s

SiliconIndia Daily dose

Wednesday, June 10, 2009
Top news
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.
Technology
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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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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