Assocham survey: IT and BPO sectors largest job creators
New Delhi: The information technology (IT) and IT-enabled sectors (ITES) have emerged as the biggest white-collar employment provider in the country, generating about 44 per cent of the 7,558 job advertisements that came out last month in newspapers and Internet sites, according to Assocham 'Eco Pulse' (AEP) data.

Of the total 7,558 job positions tracked by AEP during the period, 3,391 insertions were for IT and IT-enabled services, 1,784 insertions were for finance positions and 736 for marketing jobs.
The human resources stream had 534 job advertisements during the period, 385 for engineering positions, 234 for academics posts, 150 for the pharmaceutical sector and 147 for jobs in the hospitality sector.

The AEP interaction with industry leaders suggests that the IT-enabled sector is set for a huge expansion, with commensurate impact on job creation over the next few years.

After the IT and ITES, finance came in second in terms of job opportunities. Twenty-four per cent of the job placements were accounted for this sector, with Mumbai seeking maximum number of the applications from the finance candidates.

Marketing jobs accounted for 10 per cent of the positions advertised and the maximum jobs for marketing personnel was advertised from Mumbai.

All in all, 28 per cent of the employment advertisements were from Mumbai, with Delhi coming in second with 25 per cent and Bangalore 24 per cent. Tracking placements in leading 10 business schools, including the four IIMs, AEP found that the financial services companies did maximum recruitments.
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iVision to set up Indian arm
Kolkata: Ivision Inc, a New York-based `technology fulfillment services company,' has announced the setting up of a 100 per cent subsidiary here. The idea is to use the Indian subsidiary for identifying local vendors who can deliver IT services to iVision Inc's clients in the US.

According to iVision Inc, the company follows a client-centric business model and is focused on offering IT services to small and medium enterprises (SMEs) in the US. It also focuses on select verticals such as video gaming, business process outsourcing, enterprise resource and planning and embedded software.

iVision is keen to offer its platform as a marketing plank to niche Indian software companies in the SME segment who can thereby showcase their products and services to prospective clients in the US, the company has said.

The turnover generated by the US company is currently in the range of $1.5 million-$2 million.
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Shantha Bio launches DNA Erythropoietin
Hyderabad: Shantha Biotechnics Ltd has announced the national launch of its fourth r-DNA product - recombinant DNA Erythropoietin (EPO) in pre-filled syringes form under the brand `Shanpoietin'.

The Secretary of Department of Biotechnology, Dr M.K. Bhan, unveiled the product at the second Asian Chapter Meeting of International Society of Peritoneal Dialysis, attended by around 1,200 nephrologists from across the globe, here on Sunday.

Shantha Biotech says that the country has been witnessing over 1.5 lakh new cases of chronic renal failure every year, with half of these patients requiring dialysis or kidney transplantation. Anaemia has been a major problem due to EPO deficiency in most of these cases. In such a situation, erythropoietin is the mainstay for treatment of anaemia and improves quality of life, the company has said.

Though a number of imported EPO brands were currently available in the country, only about 10 per cent of CRF patients have access to world-class EPO therapy, Mr Reddy said. "Hence, there is a need for an indigenous EPO brand of international quality that is easily available and produced keeping in mind the highest levels of efficacy and patient safety," he said.

According to Mr Reddy, the company has spent over Rs 20 crore on five years of research and development for the product. Stating that the Indian EPO market is currently estimated at around Rs 75 crore with 70 per cent of imported drugs, he said the company expects to record sales of Rs 10 crore a year on the product.
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ONGC to commission first retail outlet in Mangalore
Mangalore: Oil and Natural Gas Corporation (ONGC) Ltd will commission its first retail outlet in the country in Mangalore. The commissioning is expected in the next few weeks. The commissioning of retail outlets in the future, will be done in a calibrated and phased manner, the organization has said.

The company has said that it is investing in de-bottlenecking of Mangalore Refinery and Petrochemicals Ltd (MRPL). MRPL is the first Indian refinery to produce Euro III diesel, says the company. Terming MRPL as the most energy-efficient refinery in India, the company said it is performing consistently above the rated capacity.

The quarterly results of MRPL will be declared on Monday.
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KPIT Cummins plans BPO arm
Pune: The board of directors of KPIT Cummins Infosystems Ltd has in principle approved setting up a wholly-owned subsidiary, which would be involved in business process outsourcing with non-voice operations, and would also cater to the information risk management (IRM).

This is an enabling resolution by the board of directors and the details are yet to be worked out. The company has said that the investment required for the BPO would be internally sourced.
The board has also approved the allotment of up to 5,70,000 equity shares on preferential allotment basis to LB I Group Inc, an affiliate of Lehman Brothers.
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Sharda Pro Acoustics goes for digital experience centres
New Delhi: Sharda Pro-Acoustics Ltd, a part of the Relan Group, has announced its plans to tap the hi-fi home theatre and music systems market in India through an initiative to set up digital experience centres, a company release has said.

The first such centre is being set up in New Delhi at a cost of over Rs10 crore and the company would launch another centre in the city within the next one month, the release said.

The company plans to set up such centres in Mumbai, Kolkata, Chandigarh and Bangalore.
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