Elucidating his previous statement on Satyam fiasco, which aroused strong sentiments in the industry, N. R. Narayana Murthy - Chairman of the Board and Chief Mentor, Infosys wiped out any intention of demeaning Sayam employees. "We have stated our intention not to act on any CVs received from Satyam's employees. This is no reflection on the integrity and competence of them. We respect them as professionals," he said.
Murthy also said that the decision was taken to ensure that nothing is done that will adversely impact Satyam's future.
While releasing the quarterly results Infosys also said that it is still in the hiring mode and plans to ramp up its headcount by this fiscal (2008-09). "Though we have said in the beginning of this fiscal that we would hire about 25,000 people, in our estimate our hiring will go up to 27,000 by March 31, 2009," Infosys head for HRD, education and research T.V. Mohandas Pai. www.uniqueinstitutes.org
Wednesday, January 14, 2009
Kalam quits from board of Raju promoted body
all the top names including former president of India A.P.J. Abdul Kalam have resigned from the board of Emergency Management and Research Institute (EMRI), promoted by disgraced founder and former chairman of Satyam Computer Services B. Ramalinga Raju.
Kalam quit Monday in view of the massive fraud admitted by Raju last week. Former chairman of IT industry body Nasscom Kiran Karnik has also resigned following his appointment to the new board formed by the central government to rescue Satyam Computer Services.
With their resignations, the number of members who quit the board has gone up to seven.
Managing director and CEO of ICICI Bank K.V. Kamath, CII chief mentor Tarun Das and Krishna Palepu of Harvard Business School have already resigned. Their resignations came soon after that of Ramalinga Raju both as chairman of Satyam and EMRI. His brother B. Rama Raju also quit the EMRI board.
Ramalinga Raju, who admitted committing a Rs.70 billion fraud in Satyam over the years, has already been sent to jail along with his brother Rama Raju and former chief financial officer Vadlamani Srinivas.
Rajat Gupta, Raj Reddy, Jayaprakash Narayan, Krishnam Raju and Venkat Chengavalli remained on the board of EMRI, formed in 2005 as corporate social responsibility initiative by Byrraju Foundation run by Satyam's former bosses.
EMRI has been running a 108 ambulance service which has saved many lives of the injured in road accidents.
The Andhra Pradesh government took over the service last year but allowed Raju family to have five percent say in the organisation. According to EMRI CEO Venkat Changavalli, the Raju family has been contributing five percent or Rs.80 million annually.
Following the huge success of the service in Andhra Pradesh, it was last year extended to seven other states - Gujarat, Uttarakhand, Goa, Tamil Nadu, Rajasthan, Karnataka and Assam.
EMRI is running 1,534 ambulances in eight states and has set a target of reaching 10,000 ambulances. It has a workforce of 10,000, half of them in Andhra Pradesh. It has a vision to save one million lives per annum nationally by 2010.
Chengavalli said the development in Satyam would have no impact on the EMRI operations. The Andhra Pradesh government has also allayed the public apprehensions in this regard.
"I told EMRI management that if they can't raise five percent contribution, the government will bear the entire 100 percent cost," Chief Minister Y.S. Rajasekhara Reddy said.
Last year EMRI signed an MoU with the city of Austin in Texas in the United States to share knowledge and processes for better emergency manage
Kalam quit Monday in view of the massive fraud admitted by Raju last week. Former chairman of IT industry body Nasscom Kiran Karnik has also resigned following his appointment to the new board formed by the central government to rescue Satyam Computer Services.
With their resignations, the number of members who quit the board has gone up to seven.
Managing director and CEO of ICICI Bank K.V. Kamath, CII chief mentor Tarun Das and Krishna Palepu of Harvard Business School have already resigned. Their resignations came soon after that of Ramalinga Raju both as chairman of Satyam and EMRI. His brother B. Rama Raju also quit the EMRI board.
Ramalinga Raju, who admitted committing a Rs.70 billion fraud in Satyam over the years, has already been sent to jail along with his brother Rama Raju and former chief financial officer Vadlamani Srinivas.
Rajat Gupta, Raj Reddy, Jayaprakash Narayan, Krishnam Raju and Venkat Chengavalli remained on the board of EMRI, formed in 2005 as corporate social responsibility initiative by Byrraju Foundation run by Satyam's former bosses.
EMRI has been running a 108 ambulance service which has saved many lives of the injured in road accidents.
The Andhra Pradesh government took over the service last year but allowed Raju family to have five percent say in the organisation. According to EMRI CEO Venkat Changavalli, the Raju family has been contributing five percent or Rs.80 million annually.
Following the huge success of the service in Andhra Pradesh, it was last year extended to seven other states - Gujarat, Uttarakhand, Goa, Tamil Nadu, Rajasthan, Karnataka and Assam.
EMRI is running 1,534 ambulances in eight states and has set a target of reaching 10,000 ambulances. It has a workforce of 10,000, half of them in Andhra Pradesh. It has a vision to save one million lives per annum nationally by 2010.
Chengavalli said the development in Satyam would have no impact on the EMRI operations. The Andhra Pradesh government has also allayed the public apprehensions in this regard.
"I told EMRI management that if they can't raise five percent contribution, the government will bear the entire 100 percent cost," Chief Minister Y.S. Rajasekhara Reddy said.
Last year EMRI signed an MoU with the city of Austin in Texas in the United States to share knowledge and processes for better emergency manage
Indian telecom sector
The Indian telecom sector continued its robust growth with the wireless market growing at 9.91 percent and churning revenues worth Rs.371 billion (Rs.37,196 crore) for the second quarter ending September, an official agency said Tuesday.
A total of 28.44 million subscribers was added in this quarter, the Telecom Regulatory Authority of India (TRAI) said in a statement.
The adjusted gross revenue (AGR) for the quarter is placed at Rs.273 billion (Rs.27,357 crore) as against Rs.26,990 crore (Rs.269 billion) for the previous quarter, thereby showing an increase of 1.36 percent.
"The total subscriber base of the wireline and wireless services reached 353.66 million for the quarter ending September as against 325.79 million for the quarter ending June, thus registering an increase of 8.55 percent during the quarter," it said.
The tele-density too reached 30.64 in the September quarter as compared to 28.33 for the previous quarter, TRAI said.
Though the wireless subscribers increased from 286.87 million to 315.31 million, the wireline subscriber base decreased for the quarter to 38.35 million from 38.92 million in quarter ending June.
However, the average revenue per user (ARPU) for GSM subscribers, all India segment, decreased 7.53 percent from Rs.239 in June to Rs.221 in September.
ARPU for postpaid service showed a decline of 2.8 percent from Rs.600 to Rs.584 during the quarter. Prepaid service also showed a 7.5 percent decline in ARPU from Rs.204 in June to Rs.189, Trai said.
As regards the CDMA segment, all India blended ARPU (per month) for the second quarter is Rs.122 as compared to Rs.139 for the previous quarter.
The internet wireline subscribers witnessed a growth of 12.24 million for the quarter against 11.66 million during the previous quarter registering a growth of 4.97 percent.
State-run telecom operator Bharat Sanchar Nigam Ltd (BSNL) retained its top position and reported a subscriber base of nearly 6.38 million internet subscribers against 5.94 million at the end of last quarter, TRAI said.
An 11.87 percent growth was registered in the number of broadband subscribers in this quarter.
The second quarter also witnessed a spurt in number of free-to-air (FTA) and pay channels being carried by the cable networks for television. Currently, there are 161 FTA channels and 129 pay channels as reported by 19 broadcasters/their distributors at the quarter ending September.
However, no new private FM radio station came into operation in the quarter under review, TRAI said. Also, no direct-to-home (DTH) license was issued.
Though the operator, bought a new-generation telecom company Unitech Wireless by paying $1.29 billion for a 60 percent stake.
www.uniqueinstitutes.org
A total of 28.44 million subscribers was added in this quarter, the Telecom Regulatory Authority of India (TRAI) said in a statement.
The adjusted gross revenue (AGR) for the quarter is placed at Rs.273 billion (Rs.27,357 crore) as against Rs.26,990 crore (Rs.269 billion) for the previous quarter, thereby showing an increase of 1.36 percent.
"The total subscriber base of the wireline and wireless services reached 353.66 million for the quarter ending September as against 325.79 million for the quarter ending June, thus registering an increase of 8.55 percent during the quarter," it said.
The tele-density too reached 30.64 in the September quarter as compared to 28.33 for the previous quarter, TRAI said.
Though the wireless subscribers increased from 286.87 million to 315.31 million, the wireline subscriber base decreased for the quarter to 38.35 million from 38.92 million in quarter ending June.
However, the average revenue per user (ARPU) for GSM subscribers, all India segment, decreased 7.53 percent from Rs.239 in June to Rs.221 in September.
ARPU for postpaid service showed a decline of 2.8 percent from Rs.600 to Rs.584 during the quarter. Prepaid service also showed a 7.5 percent decline in ARPU from Rs.204 in June to Rs.189, Trai said.
As regards the CDMA segment, all India blended ARPU (per month) for the second quarter is Rs.122 as compared to Rs.139 for the previous quarter.
The internet wireline subscribers witnessed a growth of 12.24 million for the quarter against 11.66 million during the previous quarter registering a growth of 4.97 percent.
State-run telecom operator Bharat Sanchar Nigam Ltd (BSNL) retained its top position and reported a subscriber base of nearly 6.38 million internet subscribers against 5.94 million at the end of last quarter, TRAI said.
An 11.87 percent growth was registered in the number of broadband subscribers in this quarter.
The second quarter also witnessed a spurt in number of free-to-air (FTA) and pay channels being carried by the cable networks for television. Currently, there are 161 FTA channels and 129 pay channels as reported by 19 broadcasters/their distributors at the quarter ending September.
However, no new private FM radio station came into operation in the quarter under review, TRAI said. Also, no direct-to-home (DTH) license was issued.
Though the operator, bought a new-generation telecom company Unitech Wireless by paying $1.29 billion for a 60 percent stake.
www.uniqueinstitutes.org
Subscribe to:
Posts (Atom)