L&T Infotech, the information technology arm of engineering major Larsen & Toubro, has acquired Citigroup’s Canadian IT outsourcing arm, Citigroup Fund Services Canada (CFSC). The deal, say senior officials, is around $40 million (Rs 180 crore). L&T takes on board 200 employees, of which 90 per cent are IT professionals. This comes at a time when the industry is witnessing an increase in merger and acquisition (M&A) activity. However, L&T Infotech has been fairly quiet in the M&A space after it failed to acquire scam-hit Satyam Computer Services in 2009. CFSC is a provider of integrated securities and fund services to Canada’s investment fund industry. It was part of Citi’s Global Transaction Services business, which offers integrated cash management, trade, and securities and fund services to entities round the world. Sudip Banerjee, CEO of L&T Infotech, could not be spoken to, as he was out of the country. A senior official said, “The acquisition is fairly small, but it gives the company a good presence in Canada and also adds to its banking and financial offering.” For L&T Infotech, BFSI (banking, financial services and insurance) and energy contributes around 30 per cent and manufacturing around 20-25 per cent of revenue. It also has presence in media and entertainment, healthcare, and telecom. In an earlier conversation with Business Standard, Banerjee had said the company’s inorganic (growth from within) strategy would be based on three initiatives — geography, new service lines and getting key people in. As part of the acquisition, L&T Infotech will be Citigroup’s exclusive provider of transfer agency technology services in Canada. |
Sunday, February 6, 2011
L&T Infotech acquires Citigroup's Canadian IT unit
Friday, September 3, 2010
4 College Students
One Night 4 college students were playing till late night and could not study for the test which was scheduled for the next day.
In the morning they thought of a plan. They made themselves look as dirty with grease and dirt. They then went up to
The Dean and said that they had gone out to a wedding last night and on their return the tire of their car burst and they had to push the car all the way back and that they were in no condition to appear for the test.
The Dean and said that they had gone out to a wedding last night and on their return the tire of their car burst and they had to push the car all the way back and that they were in no condition to appear for the test.
So the Dean said they could have the re-test after 3 days. They thanked him and said they would be ready by that time. On the third day they appeared before the Dean.. The Dean said that as this was a Special Condition Test, all four were required to sit in separate classrooms for the test... They all agreed as they had prepared well in the last 3 days.
The Test consisted of 2 questions with a total of 100 Marks.
Q.1. Your Name........ ......... ......... .. (2 MARKS)
Q.2. Which tire burst? (98 MARKS)
A) Front Left
B) Front Right
C) Back Left
D) Back Right.....!! !
A) Front Left
B) Front Right
C) Back Left
D) Back Right.....!! !
True story from IIT Bombay ...Batch 1992
Wednesday, August 25, 2010
DB2 Test Takers who have not registered on prometric
To get a prometric id for the db2 test on friday
go to dis link and register urself to get a prometric id
https://ibt1.prometric.com/
- Select the IBM Information Management Assessment Tests section in providers
- .
Saturday, July 31, 2010
DEAR FRND
I can’t give you solutions to all of life’s problems, doubts, or fears.
But I can listen to you, and together we will search for answers.
I can’t keep your feet from stumbling.
I can only offer my hand that you may grasp it and not fall.
Your j...oys, triumphs, successes, and happiness are not mine;
Yet I can share in your laughter.
Your decisions in life are not mine to make, nor to judge;
I can only support you, encourage you, and help you when you ask.
I can’t prevent you from falling away from friendship, from your values, from me.
I can only pray for you, talk to you and wait for you.
I can’t give you boundaries, which I have determined for you,But I can give you the room to change, room to grow, room to be yourself.
I can’t keep your heart from breaking and hurting,But I can cry with you and help you pick up the pieces and put them back in place.I can’t tell you who you are.I can only love you and be your friend.
But I can listen to you, and together we will search for answers.
I can’t keep your feet from stumbling.
I can only offer my hand that you may grasp it and not fall.
Your j...oys, triumphs, successes, and happiness are not mine;
Yet I can share in your laughter.
Your decisions in life are not mine to make, nor to judge;
I can only support you, encourage you, and help you when you ask.
I can’t prevent you from falling away from friendship, from your values, from me.
I can only pray for you, talk to you and wait for you.
I can’t give you boundaries, which I have determined for you,But I can give you the room to change, room to grow, room to be yourself.
I can’t keep your heart from breaking and hurting,But I can cry with you and help you pick up the pieces and put them back in place.I can’t tell you who you are.I can only love you and be your friend.
Friday, July 30, 2010
Campus recruitment 2010-2011 begins: Accenture violates Nasscom rule
IT firms TCS, Infosys and Wipro are accusing have accused Accenture of violating campus recruitment norms. They accuse that Accenture has begun campus recruitment a full one semester year ahead and violated the Nasscom norms.
Even a couple of years back, IT companies used to hire engineering graduates a year before they passed out. However, Nasscom asked top colleges last year to postpone their placement season to the final semester. This was done to ensure that software firms would go in for just- in-time hiring, to ensure that they do not over hire in an environment where project pipelines were under pressure.
Owing to this rule the campus placement had begun only during the last semester for the students. Nasscom had written to all IT firms asking them to continue this trend for the current year also.But IT firms allege that Accenture had violated this directive by giving offer letters to students in a couple of colleges based in Pune and Ahmedabad.The colleges where Accenture has given offer letters are Sinhgad group of institutions in Pune and Dhirubhai Ambani Institute of Information and Communication in Gujarat. Two people involved in the placement process at these two institutes confirmed that Accenture had issued offer letters.
Will other companies also follow suit with Accenture or stick on with Nasscom rule? Either ways, IT industry is back and back in a big way as we have been reporting.
Even a couple of years back, IT companies used to hire engineering graduates a year before they passed out. However, Nasscom asked top colleges last year to postpone their placement season to the final semester. This was done to ensure that software firms would go in for just- in-time hiring, to ensure that they do not over hire in an environment where project pipelines were under pressure.
Owing to this rule the campus placement had begun only during the last semester for the students. Nasscom had written to all IT firms asking them to continue this trend for the current year also.But IT firms allege that Accenture had violated this directive by giving offer letters to students in a couple of colleges based in Pune and Ahmedabad.The colleges where Accenture has given offer letters are Sinhgad group of institutions in Pune and Dhirubhai Ambani Institute of Information and Communication in Gujarat. Two people involved in the placement process at these two institutes confirmed that Accenture had issued offer letters.
Will other companies also follow suit with Accenture or stick on with Nasscom rule? Either ways, IT industry is back and back in a big way as we have been reporting.
Infosys rejects 94% of applications it received: Jobs at Infosys
It is the time of the year, when college exams are over and those passed out are on the hunt for the job. India’s second largest IT company,Infosys, a dream company to many, maintained its reputation of being a dream company. It received a whooping 4,00,812 applications from prospective employees, out of which around 77,000 applicants underwent written test, approximately 61,000 were interviewed and 26,200 job offers were made in the fiscal year 2009-10. Which is only 6 percent of the total applications received.
To divulge further, out of the 26,200 offers made, 18,905 joined the company. Besides, the net addition, after taking into account the attrition during the year, to the company’s payroll was 6,837 employees in the fiscal ended March 31, 2010. Which means out of the total offers made, 72 percent of people joined, which clearly are signs of a much improved market with umpteen number of opportunities.
Including its subsidiaries, Infosys employed approximately 1,13,800 employees at the end of last fiscal.
The company recruits new students from premier universities, colleges and institutes in India and through need-based hiring of project leaders and middle managers. Besides, it has also begun selective recruitment at campuses in the US, the UK, Australia and China.
It claims to “rely on a rigorous selection process involving a series of aptitude tests and interviews to identify the best applicants. This selection process is continually assessed and refined based on performance tracking of past recruits.” -->
To divulge further, out of the 26,200 offers made, 18,905 joined the company. Besides, the net addition, after taking into account the attrition during the year, to the company’s payroll was 6,837 employees in the fiscal ended March 31, 2010. Which means out of the total offers made, 72 percent of people joined, which clearly are signs of a much improved market with umpteen number of opportunities.
Including its subsidiaries, Infosys employed approximately 1,13,800 employees at the end of last fiscal.
The company recruits new students from premier universities, colleges and institutes in India and through need-based hiring of project leaders and middle managers. Besides, it has also begun selective recruitment at campuses in the US, the UK, Australia and China.
It claims to “rely on a rigorous selection process involving a series of aptitude tests and interviews to identify the best applicants. This selection process is continually assessed and refined based on performance tracking of past recruits.” -->
Saturday, March 27, 2010
Companies , Brands & Their Taglines
Companies , Brands & Their Taglines
MRF - Tyres with Muscle
CEAT - Born Tough
EBAY - The World's Online Market Place
AMAZON.COM - Earth's Biggest BookStore
TIMESJOBS.COM - If you have a reason, we have the job -
BLOGGER.COM - Push Button Publishing
Microsoft - Where Do You Want to Go Today ; Your Potential Our Passion
Windows XP - Do More with Less
HP-Invent - Everything is Possible
Accenture - High Performance. Delivered
IBM - ON DEMAND
LENOVO - We are building a new technology company.
Apple Macintosh - Think Different.
TCS - Beyond the Obvious
Infosys - Powered by Intellect, Driven by Values;
Improve your odds with Infosys Predictability
WIPRO - Applying Thought
Adobe - Simplicity at work. Better by adobe.
Macromedia - What the web can be.
FORD – Built for the Road Ahead
GM – Only GM.
BMW – The Ultimate Driving Machine
TOYOTA - Touch The Perfection
HYUNDAI - Drive Your Way
HONDA - The Power of Dreams
SKODA – Obsessed with Quality since 1897.
VOLKSWAGEN - Drivers wanted
FIAT - Driven by Passion. FIAT
TATA MOTORS – Even More Car per Car
IBM - I think, therefore IBM.
Dell - Easy as DELL.
Intel - Intel inside.
LEE - The jeans that built America
Master card - There are some things money can't buy. For everything else there's MASTERCARD.
Kotak - Think Investments. Think Kotak.
Sun Microsystems - The Network is the Computer
Ernst and Young - Quality in Everything we Do
Barclays - Fluent in Finance; Its our business to know your business
Standard Chartered Bank - Your Right Partner
CNBC - Profit from it
AT&T - The World's Networking Company
Monster.com - Never Settle
Jet Airways - The Joy of Flying
Lufthansa - There's no better to fly
British airways - The Way to Fly.
Air Canada - A breath of Fresh Air
Sahara - Emotionally yours.
Malaysian Airlines - Going Beyond Expectations
Kingfisher Airlines - Fly the good times
Exxon Mobil - Taking on the World’s Toughest Energy Challenges
Chevron Corporation - Human Energy
Reliance industries Limited - Growth is Life
British Petroleum - Beyond Petroleum
ONGC - Making Tomorrow Brighter
IOCL - Bringing Energy to Life
BPCL - Pure for Sure
IBP - Pure bhi. Poora bhi
GAIL - Gas and Beyond
Essar corp - A positive a++itude
Speed - High Performance Petrol
Servo - 100 % Performance. Everytime.
NDTV Profit - News you can Use.
Toyota Innova -All you Desire.
Star Sports - We know your game
Life. Research. Hope - DR. REDDY'S LABORATORIES
The difference lies in our DNA - BIOCON
Caring for life - CIPLA
The Edge is Efficiency - (Bombay Stock Exchange )
The world puts its stock in us - NYSE (New York Stock Exchange)
Stock market for the digital world (NASDAQ)
Tomorrow Market's Today. (Singapore Stock Exchange, SGX)
Have You Met Life Today - Metropolitan Life Insurance Company or Metlife.
The Power on your side - Allianz Group
Growing and Protecting your wealth - Prudential Insurance Company
We know Money - AIG or American International Group Insurance Company
Your Partner for life - Max NewYork Life Insurance
Positively Different. - Standard Insurance Company Limited.
India's International Bank -- Bank of Baroda
Good People to Bank with -- Union Bank of India
Higher Standards -- Bank of America
You and Us -- UBS
The Citi Never Sleeps -- CITIGROUP or CITIBANK
Where Vision Gets Built -- Lehman Brothers
The World's Local Bank -- HSBC
A Passion to Perform -- Deutsche Bank
Making More Possible -- ABN AMRO Bank
The Magazine of the Corporate World - BUSINESS INDIA
For Managing Tomorrow - BUSINESS TODAY
Intelligent Computing - CHIP
Your Technology Navigator - DIGIT
Play the Game - BUSINESS WORLD
Journalism of Courage - The Indian EXPRESS
The Power of Knowledge - THE ECONOMIC TIMES
The Name India trusts for News - HINDUSTAN TIMES
Read a Bestseller everyday - THE DAILY TELEGRAPH
Like. No. Other. - SONY
Everyone's Invited or Its hard to Imagine - SAMSUNG
Life's Good - LG
The Indian Multinational - VIDEOCON
Born in Japan Entertaining The World - SANSUI
Inspired Living - HAIER
Sense and Simplicity - PHILLIPS
The Perfect Experience - JVC
Choose Freedom - TOSHIBA
Always low prices. Always. - WALMART
Like no other store in the world - BLOOMINGDALES
You can do it. We can Help. - HOME DEPOT
Every Little Helps - TESCO
The spirit of Commerce - METRO
Costs less to get more - KROGER
Is se sasta aur Achcha kahee nahee milenga - BIG BAZAAR
The stuff of life. - KMART
Shop. Eat. Celebrate - CENTRAL
Shaping the future of steel - MITTAL STEEL
Steel solutions for a better world - ARCELOR
We make things which make India proud - LARSEN and TOUBRO
Forever new Frontiers - BOEING
The Miracles of Science - DUPONT
Everyday Solutions - COMPTRON and GREAVES
Pride of Steel - VIZAG STEEL
Powering a Greener Tomorrow. - SUZLON ENERGY
Where will you be - THE DAY AFTER TOMORROW
An Adventure 65 Million Years In The Making - JURASSIC PARK
Collide With Destiny. - TITANIC
Come and Fall in LOVE - Dilwale Dulhaniya Le Jaayenge
At the edge of the world, his journey begins - CAST AWAY
The greatest Story ever told. - SHOLAY
When Good is not good enough. - CHEVROLET AVEO
The New Sign of Success. - McDowells Signature
Dare to Dream - BANK OF RAJASTHAN
Welcome to a Cashless World.- SBI DEBIT CARD
Exceed Your Vision - EPSON
Be Fearless. - SYMANTEC
Much more to do, with YOU in focus.- ANDHRA BANK
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