India based BPO Companies have become very aggressive in recent times and expanding their operations all over the country. Infosys, Tech Mahindra and Aditya Birla Minacs have opened new units and creating many jobs in BPO/KPO sector. Infosys BPO Limited, a subsidiary of IT major Infosys, signed an agreement with the Andhra Pradesh government to [...]
Posts Tagged ‘Tech Mahindra’
23 Oct
Time to work for free in IT companies. No pay for 5000 employees of Mahindra Satyam for 3 months. Take it or leave it.
Mahindra Satyam announced that it will not pay salaries to employees in the virtual pool after December 18. The employees under this virtual pool program (VPP) will, however, have the option to stay on the company’s rolls without pay till March 2010. In a recent email to the associates, the Satyam management stated, “We continue [...]
22 Oct
Mahindra Satyam (formerly Satyam) plans to layoff 5,000 employees on bench.
Post Diwali weekend, many Satyam’s employees on the Virtual Pool Program (VPP) of the company were given a formal notice of two months by e-mail. Virtual Pool Program (VPP) were for people in bench. The mail reads, “In our earlier communication dated June 11, 2009, you were placed on VPP for a period of six [...]
10 Sep
Sign of revival for Satyam. Mahindra Satyam brings back variable pay.
Good news for Satyam employees. Mahindra Satyam said it has reinstated the variable portion of salaries of employees, a move which indicates the revival of the once fraud-hit firm. “Variable pay is now being re-instated within 6 months (effective October 2009),” Mahindra Satyam said, adding various benefits like ESOPs and associate welfare programmes will also [...]
26 Aug
Mahindra Satyam BPO (Nipuna earlier) hired 700 and planning to hire 300 more.
BPO arm of Mahindra Satyam (Nipuna earlier) seems to be on a hiring spree with plans to recruit 300 employees by the next month. They already hired 700 employees in the last one month. The company has recently bagged a major contract from a domestic client for providing it back office support. “To support the [...]
20 Jun
Good news pouring in from Indian IT Services Providers. Infosys, TCS, Satyam, Tech Mahindra disclosing few nice surprises.
Last week Satyam (Part of Tech Mahindra now), Infosys and TCS disclosed few nice surprises. It seems that Indian IT Service sectors has left the past and looking ahead for future. In relief to the Satyam employees, about 400 people who were asked to sit on the virtual bench have been called back into the [...]
19 May
British Telecom (BT) plans to layoff 15000 employees in next one year.
BT has slumped to an annual loss for the first time in almost a decade and doubled jobs cuts to 30,000, as the former state-owned telecoms company struggles with a disastrous performance of a key division. Britain’s BT Group cut its dividend and said a further 15,000 jobs would go after a 1.58 billion pound [...]
13 Apr
Tech Mahindra is the new owner of Satyam. Tech Mahindra wins Satyam bid.
Tech Mahindra on Monday outbid L&T and others and won the Satyam bid, TV reports said. According to Times Now sources, Tech Mahindra will pay Rs 1757cr for 31% stake in Satyam. It will pay Rs 58 per share of the company. The face value of Satyam shares is Rs 2 per share. Meanwhile engineering [...]
13 Apr
BT (British Telecom) plans to axe another 10,000 jobs worldwide.
BT is preparing to axe another 10,000 jobs. The huge redundancy programme will be announced next month alongside a horrendous set of year-end figures that will include provisions of about £1.5 billion. It has to be noted that tech mahindra is a major beneficier of outsourcing projects from British Telecom. BT is having a stake [...]
6 Jan
Tech Mahindra interested in Satyam. Deal may create third largest Indian IT Service company.
Tech Mahindra, a Mahindra & Mahindra group company, is understood to have approached Satyam Computer Services, India’s fourth-largest IT services company, for a cashless merger, according to a person close to the development.If the transaction goes through, it will involve Tech Mahindra merging into Satyam, creating the third-largest IT company in the country. The management [...]
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