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Wednesday, March 31, 2010

India role model to the world: ISRO Chief

Bangalore: Gone are the days, when India used to look at NASA or other satellite centres to launch satellites. Today, India is the first country to orbit 10 satellites in one single mission and the facilitator for a major discovery of water molecules and water ice on the lunar surface. Also, it is one of the six in the world with capability to make satellites and launch them from its own soil.

Speaking at 34th Indian Institute of Management, Bangalore convocation, Dr. K Radhakrishnan, Chairman - Space Commission, Secretary - Department of Space and Chairman - ISRO said, "When I entered ISRO, it was in nascent phase, and now the heights we have reached in the space sector, is achieved with a shoestring budget as low as three percent of NASA's expenditures on space programmes." Adding to it, he also said that India is a front runner in the global comity playing pre-eminent roles in the International forums of space agencies and space-faring nations.

According to ISRO's report, India is developing a winged reusable rocket, and the ISRO has configured a Technology Demonstrator as a first step towards realizing it. Scientists have already configured a winged Reusable Launch Vehicle Technology Demonstrator (RLV-TD), and ISRO believes that it is the first step towards realizing a Two Stage To Orbit (TSTO) fully re-reusable launch vehicle.

The Indian satellite centre has also received foreign proposals evincing interest to send their instruments for hosting by the Chandrayaan-2 which would be jointly developed with Russia. According to ISRO, the Megha-Tropiques satellite, an Indo-French joint mission for the study of the tropical atmosphere and climate related aspects, is expected to be launched later this year. It is set to join a string of global spacecraft designated to study climate change.

Radhakrishnan, who was conferred Post Graduate Diploma when the first convocation was held 34 years ago, with some of the renowned names like Kiran Karnik, Sudarshan P, Prof S Chandrasekhar (representing IIM-Ahmedabad and Calcutta) and many more, joined ISRO in its nascent phase and saw it evolve into a great team providing valuable and self-less service to the nation.

Symphony signs 5 year deal with MSC Software

Bangalore: Symphony Service, a global software product engineering services provider, has announced a five-year, multi-million dollar software development and services deal with MSC Software, a simulation solutions provider.

Symphony Services will be responsible for engineering new software products for MSC Software, while developing joint go-to-market professional services for MSC Software's manufacturing customers. The two companies will also jointly develop and market professional services focused on SimManager implementation and domain-centered analysis using MSC products.

"Our goal is to rapidly provide innovative solutions to our customers that have dramatic positive impact on their business. Symphony Services has become a force multiplier for us to achieve this," said Dominic Gallello, President and CEO of MSC Software.

Symphony Services' Engineering Services offerings span complex product design, analysis, manufacturing and product management using CAD, CAE, CAM and PLM tools to engineer products for leading original equipment manufacturers (OEMS), and to manage core product development lifecycle (PDLC) services for independent software vendors (ISVs) who create these tools.

Tech-enabled multitasking: A time waste?

Bangalore: Contrary to assumptions about multi-tasking in devices like PCs, smartphones, notebooks and netbooks being useful, experts believe that it can materially damage the economy. The problem is that human multitasking involves interrupting one task with another, according to a study.

There was a time when "interruption" meant an unexpected phone call or visitor and mail was delivered only once daily, reports Lamont Wood of Computerworld. Now, employees are continually barraged with e-mail, instant messages, texts, BlackBerry traffic, blog updates, news feeds, Tweets, Web sites with enticing links and calendar reminders - and the phone still rings, people still drop by and paper mail is still delivered. Simply dealing with the deluge gives people the illusion of productivity. But statistics indicate that might be all it is - an illusion.

According to Jonathan Spira, Chief analyst at research firm Basex, about 28 percent of an office worker's time is lost to interruptions and recovery time. Taking into account the size of the U.S. knowledge worker workforce (more than 65 million) and the average knowledge worker's salary (more than $21 per hour) and other data that's proprietary, he figures interruptions cost the U.S. about $900 billion per year, out of a gross domestic product of approximately $14.5 trillion.

In particular, efficiency experts are alarmed by the effects of computer-enabled multitasking on office work and office workers. "I used to say that multitasking made a task take 15 percent longer. Now I say 50 percent," says Bary Sherman, Head of PEP Productivity Solutions, a California-based management consultancy that specializes in helping organizations become more efficient.

Efficiency experts say that the productivity issue can be countered by sometimes by turning off seemingly innocent features that serve mostly to distract us, sometimes by using overlooked features that eliminate time-wasting tasks, and sometimes by simply steeling our resolve against the siren song of endless digital distraction.

Monday, March 29, 2010

Nokia acquires mobile browser firm Novarra

Bangalore: Handset maker Nokia announced that it has signed an agreement to acquire 100 percent of the outstanding shares of Novarra, a privately-held company based in Chicago. Novarra is a provider of a mobile browser and service platform and has more than 100 employees. Novarra's mobile browser and services platform will be used by Nokia to deliver enhanced Internet experiences on Nokia mobile devices. Novarra has deployed their solution with leading mobile operator and internet services customers globally.

"Connecting the next billion consumers to the Internet will happen primarily on mobile devices," said Niklas Savander, Executive Vice President, Services, Nokia, "And delivering an optimized internet experience on our devices is core to our mission. By driving innovation in all segments of our portfolio, we are building one of the largest consumer audiences for web services and content. Novarra's Internet services technology delivered on the world's most widely-used mobile platform, Nokia's Series 40, will help us achieve this."

Nokia expects a new service offering utilizing the Novarra technology platform to be available later this year. The acquisition is expected to close in the second quarter of 2010, and is subject to the customary closing conditions, including regulatory reviews. Following the acquisition, Novarra will become a wholly-owned subsidiary of Nokia.

Friday, March 26, 2010

MIT students prefer Indian startups for internships

Bangalore: With several foreign students turning to India to gain experience of the cool technologies offered by Indian start-ups, four MBA students from the Massachusetts Institute of Technology (MIT-Sloan School of Management) are all set to start their internship at the online entertainment portal 'Buzzintown', reports Peerzada Abrar from the Economic Times.

They were selected under the Academy's innovative internship programme called 'India Lab' - an initiative of MIT Sloan School of Management. Christy Trang DK LE, an MBA student at MIT Sloan School of Management, is doing her internship in Buzzintown to understand India consumer behaviour, which she can use in the entertainment sector in the U.S. This programme combines traditional classroom learning with intensive real-world experience. Student teams work on a three-month, mini-consulting project.

Also, Dhama Apparel Innovations, a startup incubated at the National Design Business Incubator (NDBI) is not only attracting students from foreign universities, but also the premier Indian Institute of Management (IIMs). "We got 200 resumes for industry interface projects and internships," says Prasenjit Kundu, design manager at Dhama. "There is an increasing trend among foreign students to intern in Indian startups as they get exposure to interesting technologies, which is not possible in a big company," says Kundu.

"India is the flavour of the season. Now a lot of students and employees from foreign countries want to add their experience in emerging markets, which is helping them get a better visibility in the job market", says A Suryanarayanan, chief operating officer, NSRCEL, at IIM-Bangalore.

Many foreign students are willing to work for small and mid-sized companies even small ad agencies, NGOs or even online entertainment portals. "India is already the next growth engine and hence, an experience at Indian startups is something which a lot of foreign students are now looking for," says Pranay Gupta, joint CEO, Centre for Innovation, Incubation & Entrepreneurship (CIIE), IIM-Ahmedabad. "It's just like how a lot of Indian students wanted to do their internships in the U.S. till a few years ago", he says.

"There is more entrepreneurial culture while interning in a startup and you not only get more opportunities but responsibilities as well which create a greater impact. This may not be possible in a big company", says Jai Ashvin Kapadia, an MBA student from the U.S. doing his internship at an Indian start up.

Gridbots, a young company which specialises in robotics, artificial intelligence and machine vision, is also attracting a lot of interns from foreign universities like Duke University. Gridbots, incubated at CIIE, helps interns get a feel of robotic science. They are taught how to develop smart machine vision solutions, incorporate advanced machine vision technology which can detect faces and other objects in the pictures automatically.

Terry Chun-Hong Yee, an MBA student doing his internship at an Indian startup, says more and more students are joining startups as the economy is becoming stable. "I am more interested in online gaming sector", says Terry Chun-Hong Yee.

NextGen, a clean technology startup incubated at NSRCEL and which has bagged customers such as Infosys, Intel, MindTree, ICICI has now started its operations in Hong Kong and formed partnerships in Singapore and Portugal, has also got internship requests from many foreign students, said Abhishek Humbad, Chief Executive at NextGen.

Also, foreign students are also interning at companies such as ADEA, Bangalore, Ras Maestros, Mumbai, SPX Wireless Communication, New Delhi and Srinivasan Services Trust, Chennai.

Wednesday, March 24, 2010

Mahindra BT exits Tech Mahindra, sells 8.07 percent stake to AT&T

New Delhi: Mahindra BT Investment has sold its entire 8.07 percent stake in IT company Tech Mahindra to U.S.-based communications firm AT&T. "AT&T has picked up the stake from one of the promoters, Mahindra BT Investment for $34.5 million. This is as per an agreement between AT&T and the promoter company in May 2005 before the IPO. AT&T has exercised the option to acquire the share," a Tech Mahindra spokesperson told PTI.

In a communication to the Bombay Stock Exchange (BSE), Tech Mahindra said that AT&T International has picked up 9.8 million equity in the firm, resulting in 8.07 percent stake in the firm. Shares of Tech Mahindra closed at Rs 910.20, down 0.18 per cent at the BSE. "The exercise price of the shares was $3.5022, and the total purchase consideration was $34.6 million," the statement added.

"As per the terms of a 2005 agreement with Tech Mahindra (formerly Mahindra British Telecom), AT&T was granted options over approximately 9.9 million shares. These options had vested, and the exercise date was approaching, so AT&T decided to exercise the options," AT&T said in a separate statement.

Tech Mahindra, which employs 30,000 people, is a leading provider of solutions and services to the telecommunications industry. It is majority owned by Mahindra & Mahindra, in partnership with British Telecommunications. As on December 31, 2009, Mahindra and Mahindra, Indian utility vehicle and tractor maker has 44 percent stake in the Tech Mahindra, while UK's telecommunications company BT has 38 percent stake.

Generate electricity from sewage water: Courtesy an IITian

Bangalore: Manoj Mandelia, a 23-years old student from IIT-Kharagpur, has created a method to produce electricity from sewage water. "I developed a product which uses the concept of microbial fuel cell, a bio-electrochemical system that drives current by mimicking bacterial interactions found in nature," said Mandelia, reports Bharat Ghai from TopNews.in.

Mandelia's project named Localised Operation of Bio-cells Using Sewage (LOCUS) is able to reduced chemical oxygen demand in sewage water by about 60-80 percent. He explained that LOCUS is a microbial fuel cell which along with sewage treatment systems can treat waste water and also generate electricity. He conducted his tests at the Fermentation Technology Lab of IIT, Kharagpur.

Mandelia is pursuing integrated MTech from the premier institute. The Fermentation Technology Lab of IIT, Kharagpur honored him as a young Indian innovator during its EmTech India Conference earlier in the month.

Tuesday, March 23, 2010

Q: Guruji I feel very depressed these days and I want to commit suicide?

Sri Sri : Just relax! and be dead now! shareer ko kyun marte ho (why do you want to kill your body ?) Restlessness is in your mind. By destroying your body you are not going to get anything. Kill the mind, that is there real death you are looking for. If your mind dies you relax. If this does not happen you cannot relax. By destroying your body don't think you will be at peace. You have come to the right place. Killing your body your restlessness remains. Your body is a sacred thing. It belongs to God! What makes you so restless is your desire.
Drop that craving of yours and your mind becomes calm. You want to compete with someone and when you cannot you become restless. All ambitions make you restless. Kill your ambition , throw your ambition out. If you are peaceful from inside you can do anything . aatma hatya karoge tho 400 -500 saal ghoomte rahoge (If you commit suicide you will keep going round and round for 400-500 years !) It is like - when you are feeling cold do you need more blankets or u taking off your clothes will help ???!!!
Suicide is taking off your clothes when u are already feeling cold !!!

Monday, March 22, 2010

Terrorists to use our cell numbers for next terror act

Mumbai: Mumbai police have managed to track down two or three websites that are used to send masked messages and are collaborating with IT experts to get to the bottom of the matter, reports V Narayan from TNN. Two cases on getting rude SMS from a number a person knows, going to police with a complaint and then finding out that the supposed sender is clueless about what happened, have been reported to Mumbai police in the past month.

Though the police officials are yet to track down the sender, they have managed to unearth a bizarre truth, that of the 'masked SMS'. The user has to register on a website (for as little as $10) and can send text messages to and from any mobile number on the planet without being identified. "We have received two complaints in the last one month where the sender's number was camouflaged," said Joint Commissioner of Police (Crime) Rakesh Maria told TOI.

The masked SMS service is easy to operate. Giving TOI a demo, the IT expert logged on and sent this reporter an SMS from his colleague's number with utmost ease. Of course, the friend had no record of the said message in his outbox. Senior Nasscom officials say these websites can be blocked but it's a long process.

IT industry sources said, "It's rare for the real miscreant to be caught in such a situation because people might register under false identities and also commit credit card fraud to pay the small registration fee," says IT expert Vijay Mukhi. If caught, can the culprit be charged under our laws? "Yes," says Mukhi. "Section 66 A of the IT Act talks about sending offensive messages using any communication device, Section 66 C is the identity theft section and Section 66 D the cheating by impersonation section." A pornographic message will be charged under Section 66 E, while Section 66 F is quoted in the case of cyber terrorism.

If proved, the offence of identity theft attracts a 3-year jail term plus a cash fine of upto Rs. 1 lakh in India. While there is a misuse of computer act that is invoked in such cases in the U.S., the law in India is still inadequate to handle such innovative mobile spoofing. "Based on our findings we will decide what action should be taken against these websites. If need be, we could pull them down as well," he added.

Commenting on the action plan for this matter, Mukhi says, "Not immediately. As of now, one just has to be careful and cross-check the credibility of a message before filing a complaint." He added that the need of the hour is to spread awareness about the problem. "Time was when wi-fi was misused but we've managed to tackle that. Camouflaging is a dangerous issue and must be dealt with seriously and immediately."

By 2030 India will be most educated: Sibal

New Delhi: "India in 2030 will be most educated in the world. The world must realize that future human capital will flow from India. They should make our population literate and take the benefit," Human Resource Development (HRD) Minister Kapil Sibal said in an event organized by computer giant HP and TV channel CNBC.

He also reiterated his point that his ministry is in touch with Nandan Nilekani, the chief of Unique Identity Authority for an UID for every single student.

"Nandan has told me that he will work with us."

Sibal also stressed the need for an education finance corporation, which will help refinancing education with a long-term goal and provide education loans to all needy students.

All secondary schools in India will have a computer teacher each and the central government will bear the related expenses, Sibal said.

"We have now a policy. All schools will have an ICT (Information and Communications Technology) teacher. We will pay their salary, which is Rs.10,000 per month," Sibal said to highlight the need for technology to better educational scenario in the country.

"We are open to any technology solution (provided by private sectors) but it should not be elitist. The real problem is in rural India and we must keep that in mind. I think, the private sector can collaborate with government and train these ICT teachers," he said.

"Our focus is on giving every child an opportunity."

Sibal also said that all states should chip in to improve education and make right to education a success.

"It is not about politics, it is about education... it's about every single child. We need a system in place for quality education and quality teachers."

The minister also said that India will be most educated country in the world by 2030 and it will be the key to provide intellectual capital to all countries.

Friday, March 19, 2010

Q: What is secret of selfless service which is devoid of personal conflict?

Sri Sri Ravi Shankar: Just do service. Don't think too much, whether it is selfless or selfish. Never mind. Don't analyze too much. Let's keep it simple. If you enjoy doing service, it's good. If you don't enjoy, never mind because someone who is benefiting, is enjoying. It's better not to analyze too much. Where is the time to think? If there is an intention only, it will make you feel uncomfortable. Just think I am doing it with all my heart because it has to be done. Finished. That's it. And if you are enjoying then don't think, "Oh I shouldn't be enjoying" because whatever you try to push down, fight with, it simply comes up.
In my commentary on the `Narad Bhakti sutras', I have said: `Without any conflict, repose in the Self'. Now suppose there is some conflict, then don't try to get rid of it. Simply embrace it and you will find it disappears.

IT firms' new cost cutting mantra: Hire non-techies

Mumbai: As IT firms automate their commoditized service offerings, they do not necessarily need engineers to perform all tasks. Instead, they are increasingly hiring non-engineering graduates for testing software applications and managing computer infrastructure of their clients in order to do more with fewer staff and at lower wages than computer engineers, reports Pankaj Mishra of Economic Times.

From nearly 10 percent of their current workforce, non-engineering graduates could account for nearly 20-25 percent of the staff at companies such as TCS, Wipro and HCL, over the next one to two years. Cognizant already has almost 20 percent of its global workforce who are non-engineering graduates. Companies such as Wipro are already readying their strategies for shifting nearly 40 percent of software services to readymade templates that can serve additional customers without having to hire incremental staff.

For years, India's $50-billion software exports industry has been hiring thousands of engineering graduates every year for writing software codes and processing back office tasks for top customers such as General Electric, Citibank and JP Morgan Chase. However, increasing wage inflation and rising attrition has forced them to seek ways to arrest linear growth.

Today, most of the entry-level computer science graduates are paid anywhere between Rs. 2 lakh and Rs. 5 lakh per annum by these software companies when they join, and with wage inflation of around 10 percent every year, the salary costs keep going up.

Monday, March 15, 2010

Monday, March 15, 2010 Top news Cyber crime solution @ mouse click: Courtesy 22 yr old Indian CEO The 22 year old cyber crime expert, Sunny Vaghela, who is also the CEO of TechDefence, an information security solution provider is set to dive into the cyber war by making solutions available for every cyber crime through his to be launched website cybersuraksha.org.

Jaipur: The 22 year old cyber crime expert, Sunny Vaghela, who is also the CEO of TechDefence, an information security solution provider is set to dive in the cyber war by making solutions available at a mouse click. Vaghela, who had exposed loopholes in mobile networks, social networking sites right from the age of 18, will launch a website where any complaints on cyber crime will be solved, reports Times News Network.

"This website is dedicated to solving cyber crimes and create awareness about it. All you need to do is to post your complaints on the website which will be analysed by a team of ethical hackers, mostly city-based engineering students. The team will issue a list of suggestions for police on how the case can be solved effectively," said Vaghela.

These kinds of feats are nothing new for Vaghela, who at the age of 18 exposed loopholes like SMS and Call Forging in Mobile Networks. The technology that allowed to send SMS or Make Call to any International Number from any number of your choice. At 19, Vaghela found loopholes like "Session Hijacking" and "Cross Site Scripting" in popular social networking site Orkut.

Vaghela has mastered the art of cracking codes and extracting information from servers based in different locations. He gave the exact time and locations to the police department helping them in solving several cyber criminal cases. His biggest success was tracing the origin of the terror email sent by Indian Mujahideen minutes before the Ahmedabad serial blasts on July 26, 2008 and played a vital role in investigation of the same. In a bid to prepare a force of ethical hackers to expose the web fraudsters, Vaghela has imparted training in 10 engineering colleges of the city.

Sunday, March 14, 2010

IIMs' high salary: The true story has a twist

Bangalore: As 2010 placement session of all the seven IIMs draws to close, it is being witnessed that the role offered to these graduates are more or less traditional and the salary packages are different than the packages which were making the buzz, reports Economic Times.

Following the placement session getting over, the debate started across the corner that which institute managed the best offer? An IIM-Ahmedabad student was tipped to have bagged an offer for Rs 1.4 crore two weeks ago, which has reportedly been breached by the Rs 1.6 crore offer made by a British investment bank at IIM-Calcutta.

But seeing these eye-popping numbers that have dominated headlines for some weeks, Saral Mukherjee, Placement Chief at the IIM-A said, "The truth is that the readers are being fed garbage" said Saral Mukherjee, Placement Chief at IIM-A.

This year, it has been totally different scenario, as the average salary offered by international banks at the IIM campuses are in the range of Rs.12-20 lakh per annum, while that offered by private sector banks is at just over Rs.9 lakh for IIM graduates. The top 30 percent were offered packages of Rs.12-15 lakh, the next 40 percent get salaries in the range of Rs.8-12 lakh and the remaining 30 percent get offers between Rs.5-8 lakh.

Supporting the range of salary being offered, K Ramkumar, Executive Director at ICICI Bank said, "For a person with less than three years of experience, whoever is paying more than Rs 15 lakh is doing a disservice to their organization." ICICI Bank has picked up 50 students from various IIMs so far this year.

It looks really bad to see that how wide is the gap between the lucky few with 'Rs.1 crore-plus' salaries and the rest of the crop from the same elite campuses who are stuck with salaries of Rs 50,000 per month.

Five Things a Loved One Should Know About Bipolar Disorder: An Interview with Bruce Cohen, M.D., Ph.D.

Today I have the pleasure of interviewing Bruce Cohen, M.D., Ph.D, who is Director of the Harvard University McLean Psychiatric Hospital and Professor of Psychiatry at Harvard Medical School. He is also the coauthor, with Chelsea Lowe, of the recently released book, "Living with Someone Who's Living With Bipolar Disorder: A Practical Guide for Family, Friends, and Coworkers." Cohen lives in the Boston area.

Question: I have always maintained that the best thing a person can do to support a bipolar loved one is get educated. But if you could offer folks a crash course, what are the five most important things you think a loved one should know about bipolar disorder?

Dr. Cohen: Getting educated is good advice. Here are five important things everyone dealing with bipolar disorder should know:

1. Bipolar disorder is an illness, with risk determined by genes and environment, like other medical illnesses. All medical illnesses affect mood, thinking and behavior, but there is always much more to the person than the illness.

2. Bipolar disorder usually responds well to a combination of appropriate medication and targeted psychosocial therapies. Untreated or inadequately treated bipolar disorder can lead to many personal, career and life difficulties or even death.

3. There is great strength and insight available in relationships, and problems that arise due to bipolar disorder, as well as evaluation of symptoms and treatments, are best handled together with your loved one. Talk with one another about bipolar disorder, privately, and go together to some doctor's appointments.

4. An increased risk for bipolar disorder is lifelong, so it is wise to evaluate whether new concerns or difficulties experienced by someone who has had an episode of bipolar disorder are due to a recurrence of illness.

5. In addition to professional treatment, many other lifestyle factors help, including: Support from family, friends and community; regular exercise, a good diet, and healthy sleep; and planning ahead to reduce stress.

Question: Suppose a mentally ill loved one or friend doesn't want to get help, then what do you do?

Dr. Cohen: Don't give up. At appropriate times, kindly and patiently talk with your loved one or friend about what you are seeing and why it is worrying you and remind them that getting an evaluation doesn't mean deciding on treatment. If your loved one or friend is in immediate danger from illness, don't be afraid to call for help from professionals, including the police.

Question: Can you offer any guidance to folks regarding how they should approach so many choices with medication? For example, I found that the older drugs worked better for me, but many of the psychiatrists I saw only wanted to work with the newer ones. Do you have any insight with regards to how to get the best treatment?

Dr. Cohen: Each person responds differently to medications, and it is important to find an expert who knows the options and will spend the time to work with you to find the right personalized treatment. An appropriate expert in bipolar disorder will know how to use both old and new drugs. If you are not satisfied with your treatment or comfortable with your doctor, seek a consultation or find another doctor.

Wednesday, March 10, 2010

R&D spend growth slipped by 5-10 percent in two years

Bangalore: While the economy is starting to recover, the R&D growth has so far been only minimal. According to the 'Compensation and Benefit Study 2010' released by Zinnov Management Consulting, R&D spend growth has gone down significantly in the last two years; wherein verticals like software witnessed a downward slip by 10 percent.

The study targeted at the MNC R&D centers in India, brings to light how compensation and benefit is shaping up post recession and what are the global changes and its impact on the centers in India.

According to the report, the diminishing cost arbitrage due to historic salary increments and overheads caused due to productivity differentials and inexperienced talent pool will be a cause of concern for the R&D fraternity this year. Centers in India would need to react to this by optimizing on the salary hikes for the current year and there on.

Pari Natarajan, CEO, Zinnov Management Consulting said, "As the cost pressures continue to exist, we foresee companies trying to execute more R&D work at the same or even lesser budgets as compared to last year. Companies would be forced to focus on new growth engines in the form of emerging markets (such as India and China) and newer technologies (such as SaaS/Cloud). And this will fundamentally push all R&D centers to deliver higher value and higher productivity at lower costs. We also see that this demand for cost control will indeed force R&D centers in India to put a check on the salary escalations for the next couple of years."

The study highlights that the industry will see an average salary increment between 6-10 percent this year based on their growth at the India center and global performance of the company. It adds that companies will be forced to offset low hikes by creating more responsibility areas, increasing ownerships and defining attractive career path to retain critical resources. While companies will be cutting down on salary increments, the ever increasing experience pool will continue to put lot of pressure on costs.

Putting light on attrition, the study said that lesser increments could indeed result into a short term spike in attrition. However, with clear communication around the economic situation, career growth and performance led incentives, clubbed with the increased maturity of employee base, will put attrition in control over the next 12 months. Zinnov does not expect the average attrition figures for the year to go beyond nine percent.

Hiring will continue to be slow and selective. While the availability of talent pool will continue to exist, companies would be going slow on hiring and would only be looking at backfilling existing positions and selectively hire at new positions based on requirements. Campus hiring will be slow as deferral hiring from last year resulted in late joining for many fresher, it added. Companies would only maintain their existing working relationships with the universities and hire minimally from campuses.

Dwelling into the aspect of future outlook, it read that many of these R&D subsidiary centers in India will re-define their approach towards globalization over the next 12 months. In the drive to optimize costs, they would also explore opportunities with tier 2-3 cities in India to execute some non-core functions at these ultra low-cost destinations. A result of this focus on tier 2-3 locations is a fact that 43 tier 2-3 locations are emerging as IT hubs in India, thereby reducing pressure on tier 1 locations.

Last but not the least, the study brought to light that Service providers will also play an important role in the product development value chain. These providers would add significant value in cost optimization by undertaking non-core, non-complex functions, thereby allowing companies to save some funds for futuristic investments. At the same time, these 3rd party providers would also take increased responsibilities with mature/unset products in arrangements such as risk reward, revenue share and outcome based pricing. Mid-sized companies are also now likely to benefit as the service providers augment their focus on the long tail of product companies in the drive to explore new growth engines for their respective growths.

Friday, March 5, 2010

20 yr old engineers design Earth-bound system

Mumbai: Making their dream a reality, Gokul Kannan and Aswin Kadri, students of M S Ramaiah Institute of Technology, Bangalore, designed a system which is Earth-bound. The system would help in generating electricity continuously using wind power.

Kannan is the son of Mylswamy Annadurai, Project Director of Chandrayan-1, who won the awards for discovering water on the lunar surface. Kannan and Kadri won a cash prize of Rs 55,000 and certificates by a team of judges of IIT Kharagpur and American multinational, General Electric for the system, which might proved to be a boon to power-starved cities of India.

Talking to The Times of India, Gokul and Aswin, who are III year BE mechanical engineering students, said that they won the award based on theoretical calculations. "Our next step is to prove it practically which we plan to do during our holidays in June," said Gokul. He also said that it was a low cost, small-scale wind turbine generator producing electricity ranging between 5KW to 7.5KW, which can be easily used in ordinary households. "Once implemented, it will certainly prove a tremendous advantage to power-starved cities of India," claimed Gokul.

Talking about the inspiration to do this kind of project, Gokul said, "We felt that some major domestic problems have to be solved in India and one of them was power. Keeping this in mind we decided to take up this project which took about two-and-a-half months to complete."

This project would not have been possible without the support of parents. Both the parents had left their son to work independently on their project. Annadurai said, "I left Gokul to work independently on his project with his classmate and never interfered with them. If some of the practical issues are resolved and once implemented, it is bound to prove an advantage to many parts of this country."

APJ Kalam, Ratan Tata most trusted Indian people


New Delhi: Even though APJ Kalam is no longer the first man of India, but he continues to ignite young Indians along with Tata Group Chairman Ratan Tata, as both are voted as the most trusted in a list of 100 public figures from across India, according to survey done by Reader's Digest.

The list of most trusted people also features Amitabh Bachchan, Kiran Bedi, Sachin Tendulkar and AR Rahman. Indians also reveal some new preferences with the inclusion of Congress Party leader Rahul Gandhi, E Sreedharan and Abhinav Bindra in the top 30.

Among the most trusted professions in India, teachers lead the list followed by firefighters and humble farmers, while politicians, real estate agents, government officials and police officers are at the bottom of the Trust Survey of 40 everyday Indian professions.

The survey, which is conducted for the first time in India, carries fascinating findings from the Digest's exclusive, independent poll, which reveals the people and professions we trust and those we don't. Around 750 Indians were surveyed online and asked to rank the shortlisted individuals and professions they have the most faith in.

China 2nd, India 9th among top 10 largest industrialized economies

Bangalore: China has become the second largest industrial manufacturer in the world, says a United Nations Industrial Development Organization report. According to the report 'International Yearbook of Industrial Statistics 2010', two more developing countries - India and Brazil - figure in the list of top 10 industrial manufacturers globally at the ninth and tenth positions.

Germany ranks fourth, followed by France, the United Kingdom, Italy and Russia. "With this development, China unseats Japan and is trailing behind the United States," UNIDO said.It added that China's share of the global total of manufacturing value (MVA) was at 15.6 percent, slightly higher than Japan, which stands at 15.4 percent.

The United States maintains its number one spot at 19 percent. While China has a lead in absolute amount of production, the UN also pointed out that Japan is still the world's most industrialised country, in terms of MVA per capita, totaling nearly $9,000 compared to $700 for China. The three countries, U.S., China and Japan produce half of the world's manufacturing output, UNIDO said.