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IT Lay off – MphasiS pay cut to 40%

Posted by newscap on December 31, 2008

There was a News that MphasiS may cut pay packet and Lay off people. This spread like wild fire across IT companies and not to mention that with in MphasiS as well.

As the MphasiS management understood the gravity of this News, they did respond to this. But rather in a different way. They send Gossip like mail to their Employees requesting Not to believe the News.

Why the hell they send something they believe as true in Gossip mail format when the actual Gossip, as they believe the news, was published in a News paper explicitly?

They could have sent an official denial to the Print Media. They could have sent an official Corporate mail to their Employees. But none of this has happened.

And it is  worth considering this fact that they lied “HP is no where in talk to acquire Mphasis an EDS company” just the day before the acquistion was announced.

All this points to strong indication that there is some truth in the News and EDS and HP company or MPhasiS and EDS-HP company is nowhere in a position to deny this truth.

Now the questoin is what the IT guys are up in their hand to face this situation.

The Actual News:

MphasiS may cut pay packet; structural revamp ahead

Come January, employees of IT services company MphasiS could be in for an off-schedule New Year surprise — a 20-40 per cent salary cut across the board. This could be on the heels of a third party employee verification program presently being carried out at the company. Industry and company sources said that while a pay cut of roughly 20 per cent is planned across the board at MphasiS, some senior level employees could suffer pay cuts as high as 40-45 per cent.
The employee verification program will help the company weed out “non-performers” and fraudulent resume holders from the employee ranks, sources said. It is also reliably learnt that the decision to implement the pay cut has been taken at the apex level, and is likely to be disclosed to the employees in January.

The revised salaries are expected to be announced in the month of February (effective January).

The company, which in recent times has seen the exit of most of its senior level employees including CEO Jeya Kumar, is also said to be working on a restructuring plan which might affect 600 people.

This is part of its ongoing structural alignment with HP, said sources familiar with developments at the Jerry Rao-founded company. IT giant HP had acquired EDS, a majority stakeholder in MphasiS, this year.

Bangalore-based MphasiS employs close to 28,000 employees.

In the last three months, after the process of the company’s integration with HP intensified, MphasiS witnessed a good degree of voluntary attrition when many employees quit the company fearing for their future — many had been moved to projects where they faced domain skills mismatches. Involuntary attritions, for their part, have been the result of the employee verification program being conducted over the last two months by a third party agency roped in by MphasiS.

A former employee who had worked with the company for over five years said that he was asked to leave without notice on the plea that his resume contained inconsistencies. “No explanation or details leading to how they formed their conclusions, just a terse statement from the HR department about inconsistencies in my resume, and a requirement to file my resignation post-haste,” he said.

A questionnaire sent to the company’s HR department on these issues a few days ago remained unanswered. When contacted, an MphasiS spokesperson responded that the company does not comment on rumours and speculation. “We provide open and transparent communications to our employees routinely and to our analyst community quarterly,” the spokesperson contended.

The integration with HP appears to have exacerbated employee apprehensions on rightsizing.

“Many senior level employees in the company (MphasiS) have left during the last three months, some have joined our company. The worst part is that the company is not filling up vacant posts via replacements,” said the CEO of a Bangalore-based company on condition of anonymity.

Newscap

IT Survivors – Staying Alive In A Software Job

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Invitation for a Hall meeting – A Red Star in the Sky of Nepal!!!

Posted by newscap on February 18, 2008

Conference in support of Nepal’s People Struggle Against Monarchy!!!


 

FEB-19, 2008
TUESDAY, EVENING 4’o CLOCK

PADMA RAM MAHAL
(RAM THEATRE)
83, N.S.K ROAD,
KODAMBAKAM, CHENNAI.

INDO-NEPAL UNITY CENTER

CHIEF SPEECH:

SUBA. THANGARASU.
Genral Secretary – N.D.L.F., TamilNadu.
All India Executive Committee Member,
Indo-Nepal People Unity Center.

Speakers:

“Long Travel” SUNDARAM
State Secretary, C.P.I (M-L).

TAMILEYNDHI
Marxist-Periyarist Communist Pary.

ELA. GOVINDASAMY
Secretary,
C.P.I (M-L). RED FLAG.

SANKARA SUBBU
Lawyer,
State Cheif,
Indian People’s Lawyer Union.

CHANDRA BHAGHADUR
Central Commitee Member,
Nepal’s People Rights Protection Commitee,
India.

A.S. KUMAR
State Ass.Cheif,
A.I.C.C.T.U.

T. VELLAIYAN
Cheif,
Tamilnadu Merchant Union Assembly.

P. MANIYARASAN
Genral Secretary,
Tamil Nation Communist Party.

THOL. THIRUMAAVALAVAN
Genral Secretary,
Viduthalai Chiruththaigal Party.

THIYAGU
Genral Secretary,
Tamil Nation Freedom Movement.

SUBA. VEERAPANDIYAN
Genral Secretary,
Dravida Kalagath Tamilar Peravai.

MARUTHAIYAN
Genral Secretary,
People’s Art & Literature Association, Tamilnadu.

SPECIAL SPEECH:

PAVAN PATEL
Genral Secretary,
Indo-Nepal People Unity Center.

LAKSHMAN BANTH
Secretary,
Nepal’s People Rights Protection Commitee,
India.

C.P. GAJUREYL
Central Commitee Member,
Nepal Communist Party, (MAOIST)

SALUTATION:

V. KARTHIKEYAN
Secretary,
Revolutionary – Student Youth Front,
Chennai.

____________________________________

for contact: A.MUKUNDAN,
N.D.L.F,
Chennai – 600024. Ph: 94448 34519.

 

Thanks:  

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CPM government has shot killed five Forward Bloc party persons over Anti SEZ protest

Posted by newscap on February 10, 2008

The erstwhile Pseudo communist party and become a fascist force of today, which procures West Bengal for the onsalught by the corporate houses, the Communist Party of India(M) – CPM, has once again unveiled its atrocity over protesting Agrarians.

Not so long ago Nandigram was the bloodshed of the protesting villagers, where many last lives in the attack launched by CPM thugs during 2007. 2007 end saw the police voilently suffocating the protesting villegers in Nandigram over a  SEZ project. Even after this the government confused people by saying ‘we are not procurring land’ one day and an other day saying  ‘We are procurring from only those willing to give’. But it never confused and never failed in ascertaining its loyelty to the corporate houses.

 Thus happened once again a protest against SEZ by Forward Bloc party, which is a partner of CPM lead west bengal government. The agrarians protesting SEZ under the leadership of Forward Bloc party were fired by police on Tuesday last week. In this Five were shot dead.

Newscap

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TCS lay Off people having less than 2+ expereice with one month notice!!

Posted by newscap on February 5, 2008

Today TCS has sent an officiall mail individually to those who have less than 2 years of experience. The mail asked them to resign from TCS. They have been given one month notice period. It seems the initial head count comes around 2500 people.  The reason stated is – Q3 target is not acheived. 

Though people have worked as they use to work on any other quarters, it is because of Stock market gambling and USA subprime crisis TCS failed in reaching its targets. To mention it more clearly, it is not even a loss to TCS. It is just the lack of their profit that drives innocent employees out.

Incridible India???… No guys it is actually Insolent India.

Source: Net Pals

Newscap

Related Article:

IBM fires Freshers!!!

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India grows so does the Inflation – Don’t talk about Indians!!!

Posted by newscap on February 5, 2008

Inflation makes essential food items costly
Sunday, February 3 2008 18:19(IST)    

New Delhi, Feb 3: Inflation has taken several essentials like coffee, pulses, wheat, condiments and spices, fruits and vegetables, eggs, fish, meat and milk out of the common man’s reach, an Industry body said.

The prices of these commodities have gone up by 82, 34, 24, 22, 21, 19, 18 per cent respectively from January 2003 to January 2008, a study by Associated Chambers of Commerce and Industry of India (Assocham) revealed. However, during the same period, the rise in per capita income of an average individual went up by about Rs 5,000.

The inflation measured in January 2003 was 3.41 per cent, while it was 5.46 per cent and 6.42 per cent in January 2004 and January 2005 respectively.

”In January 2006, the inflation was measured at 4.43 per cent against 5.42 per cent during the same month a year later, while that during January 2008 was less than four per cent, but the regulated inflation rate could not show much of its influence on price rise of essential commodities as contained inflation contributions were seen in other products on whose weighted price the general inflation is worked out,” Assocham President Venugopal N Dhoot said.

Among the essential commodities, coffee witnessed the steepest rise of 82 per cent, the staple intake for most of southern India, followed by pulses (34 per cent), wheat (22 per cent), condiments and spices (21 per cent).

Fruit and vegetables, eggs, meat fish, milk prices also shot up by 19 per cent and 18 per cent respectively in the last five years. The prices of other food articles and eatables, rose by 38 per cent.

The principal reason for hike in coffee prices includes its buoyant demand in domestic as well as overseas market. Its production could not keep pace with the increasing demand and amounted to constrictions of supplies and increased focus on exports.

All essential pulses have witnessed extremely higher volatility in their prices, which went up to the extent of over 34 per cent between January 2003 and January 2008, the study said.

The gap between demand and supply in the country has led to a hike due to dormant production of pulses. The domestic consumption stood at about 20.25 million tonnes against a production of less than 13.5 million tones, Mr Dhoot pointed out. Wheat prices have remained firm on the back of low stocks and high international prices. On a year-on-year basis, wheat prices have increased by 22 per cent from Jan 2003 to Jan 2008.

The recent increase in the price of wheat is because of demand exceeding supply a situation arising out of lower market arrivals, lower procurement, decline in the buffer stock below the norm.

Wheat, the staple imgreaient used to make bread, pasta, chapatti and much else, epitomises the trend.

The prices of milk increased by over 7 per cent in the recent past despite the country being the largest producer of milk in the world, with its production levels going up to 99.8 million tones by March 2007 from 94.5 million tones in 2006. Increase in input, utility and services costs are the reasons that led to the rise in prices of milk.

Mr Dhoot further said the increase in cost of milk production and raw materials had compelled to raise the procurement price. The main factor for rise in prices, is the low powder stocks with dairies, which are used for recombining into liquid milk in the lean season.

Another reason for rise in prices is rapid increase in the consumption of milk and its by-products among the households.

The eating habits have undergone a major transformation according to the study with the growing demand for pizzas, in which large quantities of cheese and butter is used. Prices of Eggs, Fish and Meat also edged higher from Jan 2003 to Jan 2008.

However, the ASSOCHAM in its assessment predicted that the inflation will come down and remain stable between 3.5 per cent to four per cent in next few months in view of good harvest in current cropping season, owing to favourable conditions.

The supply demand mismatch gap will be gradually filled up in the coming months on account of good climatical conditions that will accelerate agriculture production, Mr Dhoot pointed out.

However, he said with the impending government intervention, their will be little scope for manipulators to shoot up the prices of essential commodities as these will be contained with markets becoming more stable.

The body has recommended a two pronged strategy for the government which include that it should manage expectations by buying futures options in the international markets, and second, by implementing a strategy for improving production and productivity of wheat.

The government should evolve a flexible procurement and pricing policy for import programme spread over several years. This would smoothen the domestic supply-demand gap, the study added.

”Our imports programme should be structured in such a way that we take advantage of the global price trends and stocks are augmented when the international prices are low,” the ASSOCHAM president said.

The price of Tea have also increased by almost ten times while fruit and vegetable prices continue to spiral upwards.

The abnormally high percentage of fruits and vegetables that goes to waste because of the lack of cold-storage facilities was the reason for the hike, the survey said.

Thanks: One India

Newscap

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RSS entering in to IT Arena – The News factory is ready!!

Posted by newscap on January 29, 2008

‘Software shakhas’ draw IT pros to RSS
28 Jan 2008, 0214 hrs IST, Gutam Siddharth, TNN
 

The Rashtriya Swayamsevak Sangh is adding colour to India’s booming IT sector: saffron.

Efforts to induct young, upwardly mobile IT professionals into its fold have gained momentum in “cybercities” across the country: from Pune to Hyderabad, and from Chennai to Noida.

RSS is drawing young professionals in substantial numbers in these cities to events called “IT Milans” with the ultimate aim of using the networking skills of the young to spread its message.

These “software shakhas” contain everything — from power-point presentations on RSS’s community work to yoga. In fact, video conferences will soon be added to this list.

IT professionals gather once a week in these cities and their numbers are rising.

“The first software shakha was held in Bangalore in 2003-04. It’s a new experiment to connect with emerging sections of professionals,” says Ram Madhav, former RSS spokesman.

“At the Pune IT Milan, more than 1,000 turned up, which isn’t a bad number.”

“The number of youths joining IT companies is increasing. We’ve introduced IT Milan to groom professionals towards RSS’s way of thinking,” says Pune-based Katcheshwar Sahane, western Maharashtra prant sanghachalak of RSS.

Source: TOI

Newscap

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2 terror suspects arrested in Hubli!!

Posted by newscap on January 26, 2008

The Propaganda Techniques:

Times Of India – 25 January 2008, Front page News in Bangalore edition:

2 terror suspects arrested in Hubli!!

Two students were arrested in Hubli on Thursday night on suspicion of being associated with a terrorist group. The police recovered jihadi material, a revolver, crude bombs, CDs and a pen drive from them…..

#####

The Next day, on 26 January 2008, 9th page of the same Newspaper:

INNOCENT FOR NOW
Held men are not terrorists, but bike-lifters

This revelation has an interesting fallout for two MBBS students who were arrested by the Hubli police on Thursday night. The police had claimed the students — Mohammed Ismail, a fourth-year MBBS student at KIMS, and his friend Asif, a student at Ayurvedic College in Heggeri of Hubli —were picked up based on the information provided by Shabbir, who stands exonerated of any serious charge now.

#######################

This is not new but a well proven strategy of Brahmanic facists. The same TOIs owned Vijayakarnataka is an organ of RSS Brahmanic terrorists. The below piece is from an article written by GAURI LANKESH, exposing the Democratic-masked facist News papers.

“”Even after these facts were presented to the newspapers, they refused to carry clarifications the next day. Finally we had to persuade the superintendent of police to organise a press conference where he clarified that neither were Pakistani flags carried nor pro-Pakistan slogans shouted. The papers did carry details of this press conference but not on the front page – the report was carried as a small item on their inside pages! “”

Newscap

Related Articles:

The media’s role in communalising Karnataka

இவையெல்லாம் தற்செயலானவையல்ல. ஆயினும் அப்படித்தான் நம்ப விரும்புகிறோம் அல்லவா??!!!

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IBM fires Freshers!!!

Posted by newscap on January 24, 2008

In third world countries like India Multination corporate like IBM follow the Business model known as Profit Center/Cost Center. Indian IBM will be a separate Pvt Ltd which gets its projects outsourced from IBM USA. That is the logical client to IBM, India is IBM USA. This model ensures the profits of IBM USA, the corporate head, never affected, because if there is nothing left in India for their exploitation they would shift their projects easily to some other parts of the World, Like – IBM Srilanka, IBM Philippines etc. IBM is given here as an example.

Right now these MNCs are in a process to cut their cost spending. As part of this cost cutting process recently IBM has fired contract employees and Bench peoples. At least those who fired earlier were given couple of month’s time, hence they were able to find job. But now for these poor Freshers who came out of college and joined IBM with big dreams are being sacked on the same day they are informed about this.

Post 1990 India was opened up for the exploitation of World capital, from there to till now these IT/ITES companies have created only 16 Lakhs of Job. Where as during the same period the reforms happened in the SSI has wiped out those small industries stand on their own legs and has made almost all the SSI serving the MNCs and Comprador companies (Now SSIs doing contract jobs for MNCs/Comprador companies). Because of this process more than 12 Lakhs lost their jobs. And the story of Indian Agriculture is very very big one where crores of people lost their jobs and working as daily labors in cities for a pittance. And the same period saw the increase of students coming out of Engineering colleges, now stands almost ten lakhs. While, things are like this these MNCs/Comprador companies are enjoying 100% income tax exemption through out this period and till now. And it is this lay off now happening.

When these same companies never bothered to cull even their American employees they may not find it a big deal to quash out Indian employees.  This is what should be understood from this. Add to this, hire and fire is going to become a legal thing soon. And this is actually humiliating and undignified to working in IT companies like voiceless orphans.

Newscap

Related Article:

Worker Union in IBM USA

Jobs Flying from India

The Trick called Data theft

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India is First always!!! The record breaking Three seconds

Posted by newscap on January 23, 2008

The present and Future of India is killed by Globalisation. The country of death see Lakhs of farmers committing suicide apart from the deaths of crores of Children.

A recent report of UNICEF places India in First position in Children’s death under five.

It was previously mentioned couple of years ago that Mullnutrition of Indian Children is far worse than SubSaharan condition.

Excerpts: 

*****
The report places India at number one spot in children’s deaths across the globe – one child dying every three seconds.

****
In India, over 2.1 million children die annually before reaching their fifth birthday, 50% of them not
surviving even 28 days. Globally, the number stands at 9.7 million annually.

****
According to Gianni Murzi, UNICEF’s India representative, India is witnessing a paradoxical moment.

While the country is experiencing record growth rates and unprecedented wealth, it is faced with an incomparable child survival challenge. India carries the single highest share of neonatal deaths in the world,” he said.

****
Murzi said India accounts for over 20% of under-five children’s deaths. “What is more shocking is that 25% of children dying worldwide before the 20th day after their birth are from India. India’s future lies with these children. Focusing on the survival and development of its children is the best investment that any country can make.”

India is Growing…. Whose India?

My India is dying day by day….

Newscap

More:

Every three seconds, one child dies in India: UNICEF
23 Jan 2008, 0054 hrs IST,Kounteya Sinha,TNN

SMS NEWS to 58888 for latest updates
NEW DELHI: In India, over 2.1 million children die annually before reaching their fifth birthday, 50% of them not
surviving even 28 days. Globally, the number stands at 9.7 million annually.

The statistics are equally shocking among neonates – children newborn to a maximum age of 28 days old. While around 4 million children die within the first 28 days of life across the planet every year, India records around one million of these cases.

Of the 19 million infants in the developing world who have low birth weight (less than 2,500 grams), 8.3 million are in India. This means that approximately 43% of all the world’s infants who are born with a low birth weight are born in India.

Malnutrition continues to affect newborns and young children and has been found to be the underlying cause of up to 50% of under-five deaths.

About 55 million, or one-third of the world’s underweight children under age five, live in India with the worst affected states being Madhya Pradesh, Jharkhand, Bihar, Gujarat, Orissa, Chhattisgarh, Uttar Pradesh and Meghalaya.

These are the findings of UNICEF’s latest ‘The State of the World’s Children-2008’ report released on Tuesday.

The report places India at number one spot in children’s deaths across the globe – one child dying every three seconds.

According to Gianni Murzi, UNICEF’s India representative, India is witnessing a paradoxical moment.

“While the country is experiencing record growth rates and unprecedented wealth, it is faced with an incomparable child survival challenge. India carries the single highest share of neonatal deaths in the world,” he said.

Murzi said India accounts for over 20% of under-five children’s deaths. “What is more shocking is that 25% of children dying worldwide before the 20th day after their birth are from India. India’s future lies with these children. Focusing on the survival and development of its children is the best investment that any country can make.”

Experts said that in 2006, for the first time in history, the number of annual child deaths worldwide declined to below the 10 million mark.

According to the report, simple and affordable life-saving measures, such as immediate and exclusive breastfeeding, immunization, insecticide-treated bed nets, integrated management of neonatal and child illnesses and vitamin A supplementation, can greatly reduce child deaths.

The report says the under five mortality rate (U5MR) for India was estimated as 76 for 2006. India has shown progress with the average annual rate of reduction in U5 mortality between 1990 and 2006 being around 2.6%.

Experts say: “If India is to reach the Millenium Development Goals by 2015, the average annual rate of reduction over the next nine years will have to be around 7.6%.”

According to the report, universalisation of early initiation of breastfeeding, within one hour of birth, would reduce neonatal mortality in India by 22%, universalisation of exclusive breastfeeding for the first six months of life would avert nearly 16% of young child deaths in India.

(kounteya.sinha@timesgroup.com)

#2) Under-five mortality rate high in India, says UNICEF report

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$300 bn in Six days – Stock Market bubble bursts in to the purses of Middile Class Yuppies!!

Posted by newscap on January 21, 2008

Last year saw waves of huge influx of foreign funds, which accounted not for material movement, in to Indian Stock market. Because of which Indian comprador capitalist found a windfall at their hands. This highly speculative bubble economy, a true synonym of gambling, really caused more trouble to the common people. Right from the job losses and national economy break down due to currency appreciation to the price rise aka inflation rate.

Though the entire scenario should be perceived as part of the world fund crisis a byproduct of Housing loan crisis in USA, the middle class yuppies encouraged by the quick money they earned from the bull driven economy invested their money in to the stock market to stack more quick bugs in to their account. But alas… the drama is over. Now the Capital crisis has bitten the middle class yuppie’s purses.

it is worth considering the fact that last week saw a huge influx of local capital in to stock market to maintain the stock market floating high.

For more on the fall of Indian Stock market:

Investors lose over $300 bn in six days

Newscap

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