India IT News for this week

News: HCL unlikely to make campus offers
Detail: To save on the cost of training, one of the leading domestic software exporter HCL Technologies said it will hire people 'just in time' of requirement rather than maintaining a bench

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News: Salary freeze at Wipro, campus hiring depends on business
Detail: Wipro has freezed salary increase for the current financial year and gave no commitment on campus hiring

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News: Infy defers hiring plans for engg grads by 6 mths
Detail: Infosys Technologies, has postponed its hiring plans for engineering graduates this year by almost six months

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News: Watch out for a sudden online UK job offer
Detail: Unsuspecting Indian engineering grad are falling prey to new racket offering jobs in UK

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News: Satyam staff still worried over layoffs
Detail: Corporate India might be cheering the speed at which Satyam Computer is being put "on the road to recovery", but the IT giant's 50,000 employees aren't still entirely at peace

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News: CA to hire 1,000 professionals in India for R&D
Detail: The company had in 2007 announced an investment plan of $30 million to set up an R&D facility in Hyderabad

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News: Indian IT industry may cut 75,000 jobs this year
Detail: Indian IT industry stresses more on performance issues since downturn began in US & is likely to see 75, 000 job losses by 2009 end. Layoffs around world | Job-cuts

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News: Scattered layoffs in IBM can touch 4,600: Report
Detail: IBM, however, had said last week that its workforce in Brazil, Russia, India and China has climbed to 1,13,000

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News: IIT, IIM pass outs turn towards PSUs
Detail: Revised pay structure has made PSU jobs more attractive at a time when the private sector is cutting salaries

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News: TCS likely to lay off 1,300 staffers
Detail: TCS is likely to lay off less than a percent of its global workforce over the next few months

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News: IT companies using PIP to rationalise workforce
Detail: IT majors are downsizing using a weapon that’s been in their arsenal all along, the Performance Improvement Plan

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News: Wages at IT multinationals start melting down
Detail: Software multinationals in India have begun freezing wage increases, slashing salaries and postponing merit-based hikes

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News: 1 lakh Indians will return from US in next 3-5 years
Detail: The study warns move will greatly boost India's economy and undermine technological innovation in America

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News: Microsoft's reply to Grassley on H-1B visa
Detail: Full text of MS' response on plans for retaining visa program staff after job cuts

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News: Microsoft cuts temporary workers' rates by 10%
Detail: MS, believed to use somewhere between 40,000 and 60,000 contract workers worldwide, is slashing overtime, hours and pay

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