Thursday, February 03, 2005

India, China could become the tail that wagged global IT dog’

Excerpts from The Financial Express, National Edition, Feb 2, 2005

JAMSHEDPUR, FEB 1: The share of India and China in the global IT industry would go up in the near future as per Nik Dholakia.

Giving his views on the business process outsourcing (BPO) scenario the world over, especially in the Indian and the US context, Prof Dholakia said the momentum was definitely tilted towards China and India.
The global IT industry is currently estimated to comprise an electronics goods market worth $300 billion, a computers and software market worth $1,000 billion and a $1,300 billion telecom market.

Speaking at XLRI campus here on IT-enabled globalisation of what he described as his “aerial view” of India, Prof Dholakia said even though the numbers were very small and India’s contribution was not even a drop in the bucket, yet in the global IT industry, India and China (the latter because of its hardware base) could become the tail that wagged the global dog.


Full Story here...

Wednesday, February 02, 2005

finax blog

FINAX has a blog running since last one month...
www.finax.blogspot.com

...and are looking for knowledgable junta to contribute articles/ links/ material... if you would like to pitch in, please write to Avartan Bokil or Abhishek Tripathi at:
finax@xlri.ac.in

Tuesday, January 25, 2005

Tisco to lay off 20,000 to skip coal wage pact

From The Financial Express, National Edition, January 24, 2004

The Tata Iron & Steel Company (Tisco) plans to bring down its workforce from 40,000 to around 20,000 in the next five years.

Also, the company is soon going to sign an agreement with its colliery union which would keep the company outside the ambit of National Coal Wage Award (NCWA).

“Tata Steel used to be an 80,000-employee company (in the early 1990s) producing 2 million tonne of steel; at present, we are 40,000, producing 5 million tonne and in five years we will be going 7.5 million tonne with 20,000 (employees),” said Niroop Mahanty, vice-president (HR), Tisco, on Saturday. He was delivering the keynote address here at the 5th National Industrial Relations Conference organized by the XLRI’s Forum for Industrial Relations (FIREX). “My productivity has gone up eight times,” he said. Answering how it happened, Mr Mahanty said, “We made them (the union) partners (in our plans)”.

Read Full Story on the Business Standard Site

Making her own Rules - Nidhi Reddy - 80 Batch

For Nidhi Reddy, XLRI alumnus, who runs Chennai-based Nidhi Reddy Consultants, success has been largely thanks to her “immense self-belief and being able to chart out her own path”, which has helped her face adversities and challenges with ease.

"I have not had any mentor in particular. I am glad that I have been able to trace my own path and have always done what I believed in..."

Read the full article from the Eco Times

Saturday, January 22, 2005

XLRI hosting IR meet

Business Standard, Friday, Jan 21, 2005

Xavier Labour Research Institute (XLRI) Jamshedpur, which specialises in personnel management and industrial relations among other disciplines, is hosting the fifth National Industrial Relations Conference (NIRC 2005) beginning January 22.

Organised by Forum for Industrial Relations, the industrial relations society of XLRI, the theme of the convention is —New economy bandwagon. NIRC will highlight latest labour law developments in the BPO industry, their implications and how to leverage them to achieve harmonious relationships.

The conference is divided into sessions on issues like attrition management, union consciousness and labour laws, people relations, performance management and career management.

The keynote speaker will be Niroop Mahanty, vice-president-HR, Tata Steel.

Consultants from companies like IBM, Tata Steel, Hyundai, Asian Paints Ltd, HSBC, Nalco, Accenture, Tata Motors and ITC would be attending the conference.

Read full story here

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