India's leading software firm Tata Consultancy ServicesBSE 0.60 % is likely to open its largest delivery centre at Adibatla here by early next fiscal.
Executive Vice President and Global Head-HR Ajoyendra Mukherjee said the centre will accommodate 26,000 employees. He refused, however, to divulge the investment that is going into the setting up of the centre.
TCS expects 23,000 new employees to join the firm by the end of the current fiscal, he said.
"Today we have over 24,000 people working here spread across multiple delivery locations in Hyderabad. We are building a new complex in Adibatla which is on 79 acres and which will have 26,000 seats. It is something early next financial year we should be able to start our operations in that facility," Mukherjee told PTI.
Company sources said meanwhile that the centre would be TCS' single largest faculty at a single location.
On the recruitment process, Mukherjee said as many as 27,000 people have joined TCS so far in the current fiscal and another 23,000 are expected to join the Q3 and Q4.
The company had announced that it will hire 50,000 new people in 2013-14 fiscal, of which 25,000 are laterals.
Replying to a query on the recruitment of 25,000 freshers next year, he said they expect around 75 per cent to finally join TCS.
"For FY15 we plan to recruit 25,000. But the joining ratio is 75 per cent. That means of the 25,000 offers we give only we plan to recruit 25,000. But the joining ratio is 75 per cent. That means of the 25,000 offers we give only 75 per cent will end up joining finally. So we expect around 19,000 will join. If the number is higher we will be very happy," he explained.
About recruitments from Hyderabad campuses, Mukherjee said they make take anywhere between 3,000-3,500 employees next year.
Mukherjee, without giving the breakup, said TCS currently has around 2.85 lakh employees spread across the globe.
Jaipur, Nov 25: The BJP's prime ministerial candidate Narendra Modi Monday slammed the central government's "policy paralysis", which he said has affected the economy adversely.
Addressing a rally at Khetri in Jhunjhunu district, over 160 km from Jaipur, the Bharatiya Janata Party (BJP) leader said that factories are closing down because of policy paralysis.
"The government in Delhi has not been able to save the rupee from declining. The copper industry, which provides livelihood to over 10,000 people is in shambles," he said. Khetri is known for its Hindustan Copper Ltd. factory.
"Atal Bihari Vajyapee conducted nuclear tests. When we tested, the world was shocked and sanctions were imposed. Despite all this, Atalji did not let value of the rupee fall. The economy was strong. But see what is happening today under economist PM... now rupee is in ICU," he said. Modi, the Gujarat chief minister, sought to know on what basis was the Congress asking for votes.
"Has the party done something good for the people of Rajasthan... Both Supreme Court and high court had said that if you cannot run the government, then leave it. They had said 'Aap ko raaj karna nahin aata...aap ko kaam karna nahin aata....(you do not know how to rule or how to work)... Still they (the Congress) are seeking vote," he said. Modi claimed even the "shehzada", as he refers to Congress vice president Rahul Gandhi, does not have faith in the Ashok Gehlot-headed government. "When riots happened in Bharatpur, he (Gandhi) visited the town without informing the state government. If he trusted his government, why did he come to visit the town without telling anyone, without telling the CM (chief minister)?" he asked.
"Gujarat and Rajasthan are almost the same...you also have desert...rains are scanty...but to provide clean drinking water to 900 villages and to troops in border areas, we spent crores and laid a pipeline which is so big that Ashok Gehlot and his family, sitting in Maruti car, can drive in the pipeline... all this work happened in last six years," he said. Modi stressed that for development, focus must be on agriculture and manufacturing. "Third is service sector. All must grow equally," he said, charging the Gehlot government with doing nothing for these sectors.
"Rajasthan's growth was nine percent at the time of (BJP chief minister) Vasundhara Raje and now it is below five percent, agriculture development growth was 4 percent at the time of Raje...now it is 2.5 percent," he said
Snapping its three-day losing streak, the BSE benchmark Sensex recovered over 223 points in early trade on Monday on emergence of buying by funds amid a firming trend in other Asian markets.
The 30-share index, which had lost nearly 674 points in the previous three sessions, recovered 223.26 points, or 1.10 per cent, to 20,440.65, with stocks of banking, realty, oil and gas and FMCG sectors leading the recovery.
The National Stock Exchange Nifty moved up by 68.75 points, or 1.15 per cent, to 6,064.20.
Brokers said emergence of buying by funds and retail investors amid a firming trend in other Asian bourses, after US markets hit another record high on Friday, mainly buoyed the trading sentiment here.
Besides, expectations of a drop in import bill after crude oil prices fell in the overseas markets, following a key deal between world powers and Iran on its controversial nuclear programme, also triggered buying activity, they said.
Stocks of state-run oil marketing companies such as Indian Oil rose 1.99 per cent to Rs. 204.70. Hindustan Petroleum rose 4.25 per cent to Rs 211 and Bharat Petroleum gained 2.68 per cent to Rs. 341.60.
Reliance Industries shares also gained 1.27 per cent to Rs. 854.65.
In other Asian markets, Japan’s Nikkei index rose by 1.36 per cent, while Hong Kong’s Hang Seng gained 0.56 per cent in early trade today.
The US Dow Jones Industrial Average surged to yet another high by gaining 0.34 per cent on Friday.
Washington, Nov 25: US Secretary of State John Kerry called for quick signing of a bilateral security agreement with Afghanistan after the country's tribal elders agreed to the pact that governs future ties between Washington and Kabul.
Loya Jirga, or grand assembly of Afghan tribal elders, approved and urged Sunday that the Bilateral Security Agreement (BSA) with the United States be signed by the end of this year, Xinhua reported.
Kerry said "I can't imagine a more compelling affirmation from the Afghan people themselves of their commitment to a long term partnership with the United States and our international partners."
"The critical next step must be to get the BSA signed in short order, and put into motion an agreement which will lay a firm foundation for our two countries to continue working together toward a more secure and prosperous future for Afghanistan," he said.
The pact allows the US and its allies to keep 10,000 to 15,000 troops in Afghanistan after most US and NATO combat troops leave by the end of 2014. The residual forces will remain until 2024 to train and assist Afghan forces as well as conduct counter-terrorism missions. In addition, the deal gives the US jurisdiction for the prosecution of US troops in Afghanistan.
"Afghans are rightly taking the lead in providing for their own peace and security," Kerry said in his statement. "We remain committed to supporting those efforts, and look forward to signing an agreement that will enable us to do so," he added.
Every contestant who has ever been a part of Bigg Boss is aware about the importance of adhering to the rules of the Bigg Boss house.
However, even after knowing this, the housemates have time and again broken the rules in spite of receiving multiple warnings from Bigg Boss. After realizing that warning and reminders were falling on deaf ears, Bigg Boss decides to take some extreme measures and announces that as part of their punishment for breaking the rules, the kitchen will be closed for 24 hours.
Bigg Boss reminds the contestants that they have been conversing in English even after the language has been forbidden. He points out that amongst the ones who have been found flouting the rules regularly include Tanisha and Armaan, and even Gauahar and Kushal who speak to other in English after the lights are turned off and the mikes have been taken off. Bigg Boss further adds that the inmates have been discussing the nominations, something which is strictly against the rules of the game!
Bigg Boss announces that while he has been very liberal thus far, and given the contestants and opportunity mend their ways, the fact that they have not taken him seriously, has urged him to take the decision to keep the kitchen closed for 24 hours.
Well, what can we say, Jaisi karni, waisi bharni!!