Industry News
Mid-cap IT cos offer higher wages to retain talent
IT companies resort to salary hike to retain talent, business although might not be back like old days for many.
Indian techies are seeing the return of the pay hike season, as Mid-cap IT companies look to raise their take home salaries, to retain talent.
This is in line with Hewitt’’s annual Salary [...]
Corrugated packaging rates rise by 25 percent
Corrugated packaging industry’s major raw material Kraft paper was subjected to multiple, prohibitive and unprecedented price increases, leading to a price rise of 25 percent which, said sources, will further rise.
The price rise is in the range of Rs 2,500 – 3,500 per tonne across all grades in the domestic market.
A [...]
Navy in aggressive acquisition mode, to have fighter planes
Chief Admiral Nirmal Verma speaking to the media on Thursday in New Delhi revealed the aggressive plans of the Indian navy to induct new fighter planes, multi-role helicopters and submarines to its existing fleet.
Mr. Verma said, “We are acquiring our ships, aircraft and submarines in accordance with the Navy’’s current Maritime [...]
3i India to pick stake in Soma’’s road projects
3i – a U.K based Private Equity (PE) firm is in discussions with Soma Enterprises to pick up equity stakes in some of the Build-Operate-Transfer (BOT) road projects of Soma.
The deal is likely to close in the next few weeks.
Under the BOT model, Soma is constructing 8 road projects on a [...]
With 3G auctions going online, security a concern
The 3G and Broadband Wireless Access auctions could pose terrifying security concerns for the Department of Telecom.
This is with all the bidding slated to take place online among the 20 players in the fray.
DoT has started work to ensure secure bidding for the companies.
The companies are in fierce competition for [...]
N-power generation to touch 35,000 mw by 2020: AEC chief
Atomic Energy Commission chairman S Banerjee said that India is likely to produce 35,000 mw nuclear power by 2020.
Banerjee is also the director of Bhabha Atomic Research Centre and he said this at a function conducted by the Jadavpur University Alumni Association, Mumbai Branch.
But, however, he said that the nuclear power [...]
