BAE gets 500 mn pound order for Hawk jets for Indian forces


Bangalore, July 28 (IANS) In a move underlining the importance of BAE Systems’ presence in India, the company has secured a new order, worth over 500 million pounds, with Hindustan Aeronautics Limited (HAL) for an additional 57 Hawk advanced jet trainer (AJT) aircraft to be built under licence in India.

Of these, 40 are for the Indian Air Force (IAF) and 17 for the Indian Navy.



The final terms and conditions for the ... Read More

Personal computers sales grew 18 percent last fiscal
New Delhi, July 28 (IANS) Sales of personal computers, including desktops and laptops, saw a 18 percent rise in the last fiscal at over 8.03 million units, an industry lobby said Wednesday.

The industry hopes that the overall PC sales will cross 9.35 million units in 2010-11, registering a 16 per cent growth.

"The total PC sales between April 2009 and March 2010, with desktop computers, notebooks and netbooks taken together, were 8.03 million ... Read More

Nextgen management is the big challenge for IT companies
Chennai, July 28 (IANS) Managing the next generation of employees is the major challenge that human resources (HR) managers are going to face in the coming years, senior officials of information technology (IT) sector said here Wednesday.

"Pay hikes, bonus and designation do not largely matter but an appreciation in public for the work done carries more weight amongst the new generation. They work on the power of collaboration. Companies have to provide such collaborative tools. ... Read More

Mahindra and Mahindra Q1 net profit jumps 40.3 percent
New Delhi, July 28 (IANS) Automobile major Mahindra and Mahindra (M&M) registered a 40.3 percent growth in net profit for the first quarter of this fiscal at Rs.562.4 crore as against Rs.400.9 crore in the like period of 2009-10.

“The good financial results for the company this quarter is due to higher volumes, focused cost controls, prudent financial management results in lower interest expenses and fuller realisation of the synergies arising from its acquisition of the ... Read More

Small towns to generate 3.8 mn IT jobs by 2020: Nasscom
Chennai, July 28 (IANS) The National Association of Software and Service Companies (Nasscom) Wednesday predicted that the IT sector will directly employ around 10 million people by 2020 with 3.8 million incremental jobs to be created in smaller cities.

And the strength of female workforce in the IT-BPO sector is expected to be around five million by the same year.

"The IT and business process outsourcing (BPO) sectors are expected to employ around 2.5 million by ... Read More