November 6, 2008 at 2:17 am (General Issues)
Tags: : Wipro, layoff in mnc companies, Pink Slip, pink slip to IT people, salary cut, salary cut for IT people, salary cuts in mnc companies, Wipro employees, wipro fires 5000 employees, wipro sacks 5000
About 30-40 senior employees — at the level of vice-president and above — across the BK Modi-run Spice Group companies, such as Cellebrum Technologies, Spice Mobiles and Hotspot Retail, are in for salary cuts of Rs 5-25 lakh in their annual cost-to-company (CTC) compensation package.
Speaking to ET, group president & global COO Dilip Modi said: “No salary cut has been implemented as yet and all managers have got their normal October salaries.”
An email to the group’s official spokesperson did not elicit any response at the time of going to press. Top-level sources within the group, however, said the group has indeed affected massive salary cuts, almost 50 per cent of CTC of VP and president-level staff.
The salary cut has also spread to Spice Entertainment and the group’s BPO arm, Omnia BPO Services. The salary cut or ‘deferment’ as the company chooses to call it, according to sources, has, however, not impacted the junior-level staff.
The company has communicated to its senior-level staff, according to a source, that the cuts will be restored once the markets recover.
“Things are still not clear. We don’t know whether our CTC will be restored or the amount cut now will be given back once the market condition improves. However, the BK Modi Group has a tradition of rewarding employees if they stick to it in tough times,” says another source.
While the sources said many senior managers impacted by these pay cuts are looking to move out, they are finding it difficult to find suitable openings outside the group thanks to a slowdown in the economy.
One source said the pay cut was a necessary evil in the current scenario of slacking consumer demand and dwindling cash flows in the industry.
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November 6, 2008 at 2:09 am (Film news)
Tags: aamir khan's film, tzp, TZP gets a standing ovation
The film drew a touching response in Seattle, USA, where it was being screened for the annual conference of the International Dyslexia Association.
Everyone just loved the film and it had struck a really deep chord,” Aamir wrote on his blog. “In fact the reaction was exactly as it had been with audiences back home in India. It really amazes me how people from all across the world react to some films in pretty much the same way, which reaffirms the fact of how similar we all are no matter which part of the globe we come from.
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November 6, 2008 at 1:57 am (News)
Tags: B R Chopra passes away at 94, B.R.Chopra dies, B.R.Chopra passes away, bollywood news, Bollywood pay tribute to B R Chopra, Tribute to B R Chopra
His movies asked questions. Questions that society wasn’t always comfortable with. But producer-director BR Chopra, who died after a long illness at the age of 94 on Wednesday, had the remarkable ability to engage on tricky social issues and walk away with box-office plaudits as well as critical acclaim..
In a long career spanning over six decades, Chopra unfurled a slew of movies over wide-ranging themes. ‘Ek Hi Raasta’ (1956), starring Ashok Kumar, Sunil Dutt and Meena Kumari, dealt with widow remarriage. ‘Naya Daur’ (1957) was a plea for humanizing industrialization. ‘Gumraah’ (1963) explored infidelity. And ‘Nikaah’ (1982) spoke about the position of women in the context of Muslim personal law.
But, incredibly, at a time when interspersing 10 songs with the narrative was nearly mandatory for a Hindi film, he made the songless ‘Kanoon’ (1960). In ‘Karm’ (1977), he delved into live-in relationships. “He chose themes ahead of their times. And his films were always socially conscious,” says actress Vidya Sinha who worked with him in Karm and the rollicking comedy ‘Pati Patni aur Woh’ (1978).
Chopra’s risk-taking wasn’t restricted to the stories he chose. At a time when Zeenat Aman was primarily cast in vacuous glamdoll parts, he gave her the meaty role of a rape victim who guns down the offender in ‘Insaaf Ka Tarazu’ (1980). It was a major box-office gamble because the film also had a new hero (the wooden Deepak Parashar) and a new villain (Raj Babbar). But Chopra, a PG in English literature, sailed smoothly with ease. The film became a jubilee hit with both Aman and Babbar winning awards.
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