13,000 Jobs Likely to be offered by Infosys in Campus Hiring

13,000 Jobs Likely to be offered by Infosys in Campus HiringIndia's IT giant, Infosys Technologies is most likely going to offer some 13,000 jobs to students during campus recruitment. These jobs will be offered to fresh engineering graduates who will then be joining the firm during the 2011 financial year.

As confirmed by Nandita Gurjar, senior VP of the company, Infosys has already started going to campuses across about 700 engineering colleges. For the 2009 fiscal year as well, the company had offered about 20,000 jobs to engineering graduates, although only about 75-80% actually ended up joining.

Like every other Indian IT company, Infosys has stopped offering jobs to students who still have a year of studies to go, and now lands up in campuses for students who are already in their final semesters. As per official figure shared, Infosys will close the 2009 fiscal year with about 18,000 new and 3, 5000 experienced hiring's, and is expecting to carry on the same number to the coming year as well.

The package offered for students on campuses, however, will be the same as last year.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.