November 12, 2008 at 2:31 am (General)
Tags: Fidelity National Information Services (FIS) has given pink slips to over 100 employees, FIS layoff, FIS layoff in chennai, FIS lays off 100, FIS lays off 100 in Chennai, FIS sacks 100 employees in chennai, pink slips
Fidelity National Information Services (FIS) has given pink slips to over 100 employees at its Chennai operations.
This constitutes more than 10 per cent of its staff in the metro. Though the company, which has been in India for over a decade, termed the move as ‘rationalisation’, employees are on the edge.
A leading provider of core processing for financial institutions, card issuer and transaction processing, and related information products and outsourcing, FIS has a headcount of over 4,000 employees across India.
The sacked staff was unceremoniously escorted out of the office once they handed over their laptops and other official gadgets, sources told ET. “Employees are on the edge. Those who got fired did not have any clue about it. Nobody knows what criteria were applied… whether it was the CTC parameter or poor performance. A mail was sent to the employees asking them to leave,” sources added.
The Chennai operations have more than 1,000 staff. Among those axed, included four in the directorial cadre. An official from the US came specifically for retrenching people. Bangalore and Gurgaon are the next downsizing targets.
Apparently, one more round of this is expected to take place in Chennai next week. After repeated attempts, FIS HR VP Prashant Sharma responded to a mail from ET.
“FIS India is an integral part of the global enterprise and will play a critical role in the company’s future growth plans. This is demonstrated by the fact that over the years FIS has introduced new processes and products in India which have created immense opportunities for many employees who have participated in this growth.
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November 12, 2008 at 2:28 am (Music)
Tags: First look at Raaz: The Mystery Continues, free download of razz songs, Raaz, Raaz pics, Raaz wallpapers, Razz mp3 songs, Razz mps songs for free, razz mps songs for free download
Here’s presenting the first glance at Raaz – The Mystery Continues.
The film is directed by Mohit Suri and produced by Mukesh Bhatt.
The first film was called Raaz and it starred Dino Morea and Bipasha Basu. It was ‘inspired’ by the Hollywood film What Lies Beneath.
Adhyayan is TV star Shekhar Suman’s son, and Raaz - The Mystery Continues is his second film after the disastrous Haal-E-Dil
According to the grapevine, Bipasha wasn’t dropped from the project, but she opted out because she didn’t want to work with Emraan Hashmi.
To prove that this story is not a sequel, the Bhatt camp revealed that Kangana’s character in the film is a supermodel.
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November 12, 2008 at 2:18 am (Infotech)
Tags: Indian IT industry, Indian IT industry is safe: Nasscom, IT industry in INDIA, IT industry is safe, IT industry is safe in India, nasscaom reports on IT industry
India’s IT industry does not need to worry about the current economic downturn as “we have a strong knowledge base” and the established market players here would not be affected, a top industry body official said.
“We need not worry about the slowdown in the US economy. It is all a temporary phase and very soon, the US dollar will reach a stable position,” said Ganesh Natarajan, chairman of the National Association of Software and Services Companies (Nasscom).
Addressing a chief executives’ meeting here, he said despite the global meltdown, the Indian software business is growing at the rate of 21-24 per cent every year.
He, however, urged the IT industry leaders to look beyond the US market. “Plenty of opportunities are available in Latin America, Japan, China, Europe and also in some African nations,” Natarajan said.
“By 2020, India can alone fulfill the need of technical talent of the whole world. By that time the whole world would need 43 million technocrats while India will have 47 million surplus technocrats,” he said.
He added that huge investments have to be made to train the available talent.
According to Natarajan, the estate and retail business would feel the heat of the economic downturn. “But our IT sector is safe and would continue to grow,” he said
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