Infosys BPO to hire 1500-2000 professionals

Infosys BPO, the business process outsourcing subsidiary of Infosys Technologies, has decided to hire between 1500 - 2000 professionals by the end of current financial year.

Amitabh Chaudhry, CEO, Infosys BPO said, "Currently we are 16,000 people in India. We plan to hire 2000 people in the next four-five months or by the end of this fiscal."

Recently, Infosys unit has signed a pact with the Andhra Pradesh Government to establish rural BPO centers in 22 districts of the state.

Apart from latest development, Infosys BPO is also planning to establish new delivery centre in the United States before the end of this fiscal. At present, Infosys has 8 delivery centres across the globe, including in Mexico, but it did not have any centre in the US region.

Infosys BPO has posted revenue of US$ 71.3 million along with a net profit of US$16.3 million for its second quarter ended September 30, 2009.


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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.