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Infosys to fire up to 5,000 workers to cut costs, boost sales: Reports

Infosys is planning to lay off up to 5,000 employees as the software services provider looks to cut costs and boost sales, The Economic Times reported on Friday. The report came as Infosys Ltd executive co-chairman S Gopalakrishnan was quoted by other media reports as saying 2013 will be better than 2012 for India's IT industry.

Gopalakrishnan was quoted as saying brighter prospects for the United States and China would help the IT sector, as he addressed an event for the Infosys Science Foundation on Thursday.

Infosys was not immediately available to comment on the reports. Infosys shares were up 0.5 per cent, in line with the 0.6 per cent gain in the IT sub-index.

Infosys to fire up to 5,000 workers to cut costs, boost sales: Reports

Infosys is planning to lay off up to 5,000 employees as the software services provider looks to cut costs and boost sales, The Economic Times reported on Friday. The report came as Infosys Ltd executive co-chairman S Gopalakrishnan was quoted by other media reports as saying 2013 will be better than 2012 for India's IT industry.

Gopalakrishnan was quoted as saying brighter prospects for the United States and China would help the IT sector, as he addressed an event for the Infosys Science Foundation on Thursday.

Infosys was not immediately available to comment on the reports. Infosys shares were up 0.5 per cent, in line with the 0.6 per cent gain in the IT sub-index.

Yuvraj dedicates Man-of-the-match award to gangrape victim Yuvraj Singh showed his humane side as he dedicated his man-of-the-match award against England to the girl, who was gangraped and is now battling for her life in a hospital in New Delhi.

The hostel is located in the Campus. The Student's residential blocks ensure that the student have world class facility from the spacious double rooms provided with internet connectivity to recreational and reading rooms.

Hostel Facility is Available to desirous student, separately for boys and girls, on sharing accommodation with hygienic, nutritious and homely food.

In the hostel, we provide the required furniture that includes a Bed, Mattress, Study Table, Chair and an Almirah. All the rooms are clean, airy and well-lit. A common room is there where the students can watch TV. The food is wholesome and nourishing.

These facilities are strictly available on first come first serve basis. A refundable Security Fee of Rs.5000/- is to be deposited while taking admission in the hostel. Time constraints are there for boys hostel, which students have to follow.

No student is allowed to leave the hostel without prior permission. Students are required to strictly adhere to all the norms and regulations of the hostel

Manipal University will introduce 12 new courses in the forthcoming academic year. At present the varsity is offering 320 courses in 18 streams.

GK Prabhu, registrar of Manipal University, said here on Monday that the university would conduct online entrance tests (OET) for all its courses, including MBBS, BTech and BPharm from April 15 to May 15, 2013. The number of test centres has been increased from 30 to 50 this year, he added.

"There is no clarity in the National Eligibility cm Entrance Test (NEET) for admission to medical courses introduced by the Union government. As a result several deemed universities have moved court. We have also moved court against NEET and if the Supreme Court directs us to admit students through NEET, we will do that. However, we will conduct the online entrance tests as per the schedule," he added.

This year, the university has added a new feature to the entrance test. The candidates will be allowed to take a second test, if they are not satisfied with their performance in the first attempt. "The better score will be considered for the merit list," he said.

He also said that even though there is a need for more nurses in the country, there is a decline in the demand for nursing courses. To encourage more students to take up the course, the university has introduced scholarships for nursing students.

"Candidates who have scored above 80% in their 12th standard exam and whose parents' family income is below 12.5 lakh are eligible for the scholarship," he added.

The university has also increased the funds set aside for scholarships from Rs 18.13 crore to Rs 25.01 crore. "There is also a 10 percentage tuition fee waiver in all course for Konkani speaking students," he said.

A few seats in all the courses are reserved for schools and colleges of Academy of General Education. Some of the scholarships offered are Graduate Aptitude Test in Engineering (GATE) scholarship for qualified students, All India Council of Technical Education (AICTE) scholarship, merit-cum-means scholarship.

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