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TCS No 1 employer in Europe: report Posted: 22 Mar 2014 07:14 AM PDT According to a release by IT major Tata Consultancy Services (TCS); it has been named as the top employer in Europe for the second consecutive year by the Top Employers Institute. The company was recognized as an exceptional performer across six core human resources areas primary conditions, secondary benefits, working conditions, training, career development and company culture. “We are delighted to have been rated as the foremost employer across Europe for the second consecutive year and we look forward to building on this success as we continue to grow and develop our talent base across the UK and Continental Europe,” TCS executive vice president and global head of human resources Ajoy Mukherjee said. Previously known as the CRF Institute, Top Employers Institute is an independent organization that identifies top performers in the field of human resources worldwide. The Top Employer certification is based on independent research conducted by the institute and audited by Grant Thornton. Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO,infrastructure, engineering and assurance services. This is delivered through its unique Global Network Deliver Model, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 263,000 of the world’s best-trained consultants in 44 countries. The company generated consolidated revenues of US $10.17 billion for year ended March 31, 2012 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. Source – Tata Consultancy Services ©2009 Copyright by Invest In India 
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Micromax eyes income of $1 billion in FY14 Posted: 22 Mar 2014 07:14 AM PDT Homegrown handset maker Micromax expects to hit $1 billion, by growing sales of its affordable and entry-level smartphones, which is equivalent to over Rs. 6,100 crore, in revenues in the ongoing fiscal year that ends on March 31. The New Delhi-headquartered company’s revenues were Rs. 3,168 crore for the previous financial year (2012-13). Micromax, which is the second largest smartphone player in India, held a market share of about 16 per cent in the fourth quarter of 2013. Some of the top selling models were the entry level smartphones like A35 Bolt and A67, IDC data showed. The Canvas range of devices has also done well in terms of volume contribution owing to the marketing campaigns launched around them. “We have seen huge growth in business, especially in the smartphone category (mid and entry-level). We expect to close this fiscal will a billion in revenues,” Micromax co-founder Vikas Jain said. The firm will continue to launch innovative and affordable products for the market across platforms, he added. “We will introduce a product based on Android Kitkat within the next 60 days.” Micromax announced a strategic partnership with chipset maker MediaTek and telecom services provider Aircel. Under this alliance, Aircel will team up with Micromax to introduce a range of offers for the consumers which will be almost equivalent to cost of the device. Powered by MediaTek chipsets, the devices promise to deliver a seamless and a powerful user experience, while the bundled Aircel offers will drive data growth in the country. Source – PTI ©2009 Copyright by Invest In India
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Investment Opportunities for Buyers in the Delhi NCR Posted: 23 Mar 2014 05:53 AM PDT Investment in India is at an all-time high due to the depreciating rupee. In the last five years, investors have actively started investing in second-tier cities in and around large metropolitan areas. One of the most popular areas for investment has turned out to be the Delhi NCR region. The Delhi NCR, or the Delhi National Capital Region, includes the metropolitan area of New Delhi as well as urban areas around the adjacent states of Haryana, Uttar Pradesh and Rajasthan. The entire area has a population of 22,157,000 and it is one of the richest areas in India. On average, the area has generated a GDP in excess of $128.9 billion, and real estate in and around the area is in high demand. Areas Included in the Delhi NCR Area At the time of writing, the Delhi NCR area has four constituent sub-regions:
As you can see, most of these areas are now being actively developed as residential and commercial corridors. Developers are now picking specific cities in these regions and buying land tracts in them to provide commercial and residential properties for large-scale investment. The Most Popular Areas in the Delhi NCR Area for Investment With improving connectivity, small second- and third-tier cities in these four sectors are now catching the attention of developers. Companies such as Unitech have set up residential Unitech new projects in Delhi NCR area, and emerging locations such as Maneswar, Neemrana and Bhiwadi are now being considered really good options for development and settlement. Bhiwadi and Daruhera in particular are in the news recently due to their prime location on the Delhi–Jaipur Highway. With the development of the expressway, these cities will be only about 20 minutes from each other and this makes them excellent investment hotspots for NRI and local investors. Bhiwadi in particular is an industrial stronghold, with more than 2,500 tiny, small, medium and large industries already located inside the city. Manufacturing centers of Bausch & Lomb, Honda Siel Cars and United Breweries all have their centers in the city, and residential properties are on the rise. Technically, Bhiwadi is a tier-two city but its proximity to Gurgaon and Manesar makes it likely to bloom and expand by late 2015. Average rates for houses vary from Rs 34 to 39 lakhs, which is still very affordable, according to India TV News. Another investment hotspot is the New Gurgaon and Dwarka Expressway corridor. Gurgaon has already expanded its borders, and residential apartments are already under construction along the Dwarka Expressway (which will parallel the Delhi–Jaipur Expressway). The area is close to the Indira Gandhi International Airport and has now been designated as New Gurgaon. As it is a planned city, the area will have better infrastructure, paralleling Greater Noida, with schools, shopping centers, hospitals and markets being planned in and around the area. The Yamuna Expressway is another popular hotspot for investment in the Delhi NCR area. This road connects Noida to Greater Noida and it is already a booming real estate sector. The area is very close to Delhi, and the Greater Noida region is expecting solid development and rapid industrialization. More than 500 million square feet of land is available for investment, and investors are also jumping onto building residential and commercial properties. At present, the Jaypee Group owns most of the properties in this region, and five integrated townships are going to be coming up very soon in five separate areas along the highway. Neemrana is another popular city in the Delhi NCR area. Traditionally, the city was a weekend getaway for Delhiites. However, the city has now been seeing rapid investment and development. The widening of the NH8 is the main reason for this development, and the Rajasthan government has planned a sprawling 40,000-acre city with a high-speed Internet transport system connecting the city to Delhi, Alwar, Gurgaon and Jaipur. Land prices in the area have already doubled, and more than 34 schools and universities have gotten permission to build in the city. Although the Delhi NCR area has been seeing rapid development, Delhi NCR authorities are also setting up counter-magnet towns that will attract migrant populations, establish alternative cities and reduce the population in the Delhi NCR area, according to The Hindustan Times. Cities such as Gwalior, Hisar, Kota, Patiala, Kanpur, Bareilly, Dehradun, Ambala and Karnal are now being looked at as the best counter-magnet cities in the area, and they could be the next investment hotspots of 2015–2016. |
