Social media fosters innovation at workplace

Social media fosters innovation at workplace

The nature of business and branding requirements define the extent or ways of using social media. For a B2C organisation, social media is a great tool as it helps reach more customers. On the contrary, the B2B might not have a similar effect. Education is the key for organisations to exercise control in the way social media should be used.

In an interview with TimesJobs, Captain Partha Samai, group head- HR, AGS Transact Technologies Ltd shares the key benefits of using social media for internal communication and how it aids employee engagement strategy across levels.

What are the key benefits of using social media for internal communication?

The employees will be more comfortable and improve on:

• Creating learning and engagement platforms
• Two way communication
• Sharing of best practices
• Developing stronger linkages within organisation results in seamless teamwork

What are the best ways to use social media for workplace communication?

This would vary from organisation to organisation. The nature of business and branding requirements define the extent or ways of using social media. Typically, for a B2C organization, social media is a great tool as it helps reach more customers. On the contrary, the B2B might not have a similar effect.

LinkedIn, twitter, instant messaging, web meetings, video conference would be a good mix and match for controlled use of social media at the work place.

What are the challenges in implementation and usage of this strategy?

Education is a big challenge in implementing this strategy. It takes a lot to design the strategy, execute and finally monitor. Moving employees from physical meetings to communicating on this platform is the first and most critical challenge.

How can organisations exercise control in the use of social media and to what extent?

Again education is the key. Organisations need to have a process in place. The organisation will have to form a monitoring team as social media is used by all kinds of personalities. Anxiety, anger, obsession, superiority are some behaviors which would play in the early stages of implementation. The organisations need to have documents in place which would act as sops or a handbook for ways and means of using social media network.

How can an organisation assess the effectiveness of various communications channels and choose the most relevant to their business environment?

Organisations do better if they keep evolving. This is a sign of progress and an appetite to innovate more and more. To spread the culture of creativity and innovation, social media tools such as LinkedIn, twitter, instant messaging, web meetings, video conference help in drawing scores of engagement, save man hours of travel, recruitment, acquiring new customers and collating data on customer satisfaction.

The objective driven results help in seeing a trend and this is possible only when the tool gives that kind of facility.

Does it also help/ease future recruitment process and aid in employee engagement?

Yes. The employees act as advocates of the business and create peer to peer engagement. This is a key to get the right talent with information beyond resume and interview masters! This helps the hiring team to hire on time, save cost and most importantly, manage talent well! This methodology of hiring creates a pool of talent working together and making it vital for the talent to be retained.

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Instagram launches Hyperlapse, a time-lapse app for iPhone

Facebook-owned photo-sharing service Instagram has launched an application for capturing time-lapse videos using Apple mobile devices.

SAN FRANCISCO: Facebook-owned photo-sharing service Instagram has launched an application for capturing time-lapse videos using Apple mobile devices.

The Hyperlapse "app" was designed to let people easily make high-quality time-lapse videos even while moving around with a smartphone, according to Instagram.

Hyperlapse videos can be saved on mobile devices and shared on Instagram.

"From documenting your whole commute in seconds or the preparation of your dinner from start to finish to capturing an entire sunset as it unfolds, we're thrilled about the creative possibilities Hyperlapse unlocks," Instagram said in a blog post.

Hyperlapse applications were made available only for mobile devices powered by Apple software.

Market research firm eMarketer said in a report in March that nearly 35 million people in America accessed Instagram at least once each month as of the end of 2013, a jump of more than 30% from a year earlier.

And the report said nearly 25% of smartphone users in the United States will use Instagram at least once a month by the end of this year — bringing the total user base to more than 40 million.

Instagram in November began displaying ads as Facebook moved to start making money from the smartphone photo sharing service it bought in a billion-dollar deal in early 2012
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Flipkart launches five Intel-powered Android tablets starting at Rs 5,999

Michael Adnani, VP, retail and head, brand alliances, Flipkart with Sandeep Aurora, director marketing and market development, Intel South Asia.

NEW DELHI: Flipkart has launched five new Digiflip Pro tablets powered by Intel processors at a starting price of Rs 5,999. The tablets come in 7-inch, 8-inch and 8.9-inch display options. The tablets will be available starting today on Flipkart.com.

The tablets will come with preloaded apps and special offers from Flipkart.

Digiflip ET701 tablet sports a 7-inch IPS display (1024x600p) and is powered by a 1.2GHz Intel Atom Z2520 dual-core processor and 1GB RAM. The Wi-Fi only tablet comes with 8GB internal storage and comes with a microSD card that supports cards up to 32GB capacity.



The tablet sports a 2MP rear camera and a VGA front-facing camera. It doesn't support voice calling but comes with Bluetooh 4.0 connectivity. The tablet has a 2800mAh battery and will be available in pearl white, blue grey and red colours. It has a non-removable faux leather back.

Digiflip XT 801 tablet sports a 8-inch IPS display (1280x800p) and is powered by a 2GHz Intel Atom Z2580 dual-core processor and 1GB RAM. The Wi-Fi-only tablet comes with 16GB internal storage and support for a microSD cards up to 32GB capacity.
The tablet sports a 5MP rear camera and a 2MP front-facing camera. It doesn't support voice calling but comes with Bluetooth 4.0 connectivity. The tablet has a 4200mAh battery and will be available in blue colour. It has an aluminium alloy back that looks good.



XT811 is a 3G variant (single sim) of the tablet that also supports voice calling and has a proximity and light sensor.

Digiflip XT 901 tablet sports an 8.9-inch full-HD IPS display (1920x1200p) and is powered by a 2GHz Intel Atom Z2580 dual-core processor and 2GB RAM. The Wi-Fi-only tablet comes with 16GB internal storage and comes with a microSD card that supports cards up to 32GB capacity.
The tablet sports a 5MP rear camera and a 2MP front-facing camera. It doesn't support voice calling but comes with Bluetooh 4.0 connectivity. The tablet has a 6500mAh battery and will be available in white colour.

XT911 is a 3G variant (single sim) of the tablet that also supports voice calling. It has an acrylic coated glass back and front panel.



Flipkart says the tablets will be supported by 120 service centres across 100+ cities including 22 priority service centres that claim 24 hours turn-around time
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HP recalls 6 million laptop power cords over fire hazard

HP is recalling about 6 million power cords after 29 reports of the cords melting or charring, the US Consumer Product Safety Commission said.

WASHINGTON: Hewlett-Packard is recalling about 6 million computer power cords after 29 reports of the cords melting or charring, the US Consumer Product Safety Commission said on Tuesday. 

The recalled item, the LS-15 AC power cord, was distributed with Hewlett-Packard and Compaq notebook and mini notebook computers and with AC adapter-powered accessories such as docking stations, the commission said in a statement. 

"Customers should immediately stop using and unplug the recalled power cords and contact Hewlett-Packard to order a free replacement," the statement said. 

About 5.6 million power cords are being recalled in the United States, along with 446,700 in Canada. The cords were all made by a single, unidentified Chinese manufacturer, a source familiar with the situation said. 

HP offered on Tuesday to replace all affected cords and apologized to customers. 

The Palo Alto, California-based company has received 29 reports of cords overheating and melting or charring. There have been two claims of minor burns and 13 claims of minor property damage, the commission's statement said. 

The computers and accessories were sold with the AC power cords at electronics stores, dealers and online from September 2010 through June 2012 for about $500 to $1,500, the statement said.

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NSA has a secret Google-like search engine

US intelligence agency has built its own secret "Google-like" search engine for about two dozen government agencies to search information.

WASHINGTON: A top US intelligence agency has built its own secret "Google-like" search engine for about two dozen government agencies to search information through more than 850 billion communications records, including phone calls, emails and internet chats, a media report has said.

Reported by 'The Intercept' — a recently launched website — from the classified documents leaked by whistleblower Edward Snowden, the Google type secret search engine is considered to be key to searching information from over 850 billion records that the US government collects over multiple agencies.

It was a mastermind of the recently retired National Security Agency director general Keith Alexander.

Christened 'ICREACH' the search engine REACH contains information on the private communications of foreigners and, it appears, millions of records on American citizens who have not been accused of any wrongdoing, said The Intercept.

Citing various classified documents under its possession, it said the search tool was designed to be the largest system for internally sharing secret surveillance records in the US, capable of handling two to five billion new records every day, including more than 30 different kinds of metadata on emails, phone calls, faxes, internet chats, and text messages, as well as location information collected from cellphones.

A US official familiar with the system is quoted as saying by The Intercept that while "it enables the sharing of certain foreign intelligence metadata," ICREACH is "not a repository (and) does not store events or records."

The Director of National Intelligence acknowledged the existence of such a search engine, noting that sharing information had become "a pillar of the post-9/11 intelligence community" as part of an effort to prevent valuable intelligence from being "stove-piped in any single office or agency."

According to a 2010 memo outlining the sharing tool, more than 1,000 analysts from 23 government agencies had access to the NSA's trove of records about emails, phone calls, Web chats and cellphone location information collected without a warrant
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Android One smartphones set to become expensive

Indian manufactures are set to price Android One handsets between Rs 7,000 and Rs 10,000, higher than the planned sub-$100 (Rs 6,000) tag.

NEW DELHI: Android One, the Google project that promises rich smartphone experience on low-cost devices, faces its first big test when Micromax, Karbonn and Spice launch products based on it in India early next month.

The three Indian manufactures are set to price the handsets between Rs 7,000 and Rs 10,000, which is higher than the initially expected sub-$100 (Rs 6,000) tag. At this price, these devices — at least one each initially from the vendors — would give the same experience of using mid-to-high price range devices, people familiar with the products told ET.

Google is expected to roll out similar handsets in other emerging markets depending on consumer response in India. The success of Android One is critical for Google as it would help the company bring in new users to its Android platform, especially at a time when the market share of the most popular mobile operating system could hit a plateau globally.

Google didn't respond to emailed questions. Micromax, Karbonn and Spice declined comment as well.

One of the people directly involved in the development of the smartphones said the prices have gone higher than the initially planned sub-$100 because Google intends to offer better features and apps. "Android One is setting minimum hardware and software standards for the three vendors, who are adding or improving upon them in future devices under the Android One umbrella," this person said.

The decision on final pricing of the devices is left to the local handset makers who can choose their addressable market segments while competing in the thriving Indian smartphone market which is set to double to more than 80 million devices this year.

To ensure product quality and final consumer experience, Google is working closely with the companies to develop the handsets and specify compatible components that local handset makers would have to incorporate from original design manufacturers in China, according to people privy to the contours of the talks between the vendors and the US company.

Android One is a reference platform that device makers can follow to develop and produce low-cost smartphones. It ensures that even low-end devices can run Google's latest software and updates to offer uniform user experience.

Google in late June announced that it had tied up with Micromax, Karbonn and Spice to develop sub-$100 smartphones, saying some of the initial devices will hit the markets in September, starting with India. The US internet major had said it was also working with Indian carriers to offer affordable data packs to go with the smartphone, but didn't elaborate, while showcasing a Micromax device that had dual sim slots, a 4.5-inch screen, expandable memory and FM radio.

One of the smartphones that is likely to be launched next week, and that we had an exclusive look at, has a removable back, 1700mAh battery, dual sim slots and SD card slot to expand memory. The devices that the vendors are offers are likely to have 5MP cameras, quad-core processors and 1GB RAM with 4.3-4.5 inch screens. They will run on Android 4.4.4 (Kitkat) operating system.

"The operating system on the Android One devices will be upgraded to Android L in October," one of the people said. This upgrade will allow users to have better browsing and gaming experience at affordable prices, making the smartphones attractive buys for first-time buyers and those wanting to replace their existing phones.

"Advantages of screen size and Google updates could make a difference to these smartphones offering better performance to what Indian buyers are accustomed to," said PwC India's Mohammad Chowdhury.

Sources at the handset vendors said that Google is spending resources on handholding them for creating smartphones of specific quality in the future. ET had earlier reported that Google will spend more than Rs 100 crore with its partners on advertising and marketing for the $100 smartphone.

"The arrangement under Android One is a win-win for all parties," said Vishal Tripathi, principal analyst at Gartner India. "Consumers get better, yet cheaper, phones, Google gets to control hardware and software besides easy management of content on its app store and updates, while handset makers may get more margins."

The internet giant had been planning the Android One initiative since 2013. This tied in well when one of the leading Indian vendors formally approached Google in February 2014 with a proposal for low-cost smartphones for emerging markets like India.

"The fact that Google was already planning a big move on the affordable handset front made it all the more easier for the handset makers," a person aware of talks between the vendors and the US major said.

Google intends to increase presence in emerging markets where smartphone usage is on the rise as opposed to China or Western markets, which face saturation.

And, it chose the Indian home-bred phone makers who have changed the dynamics of the country's handset market, pushing even established players like Nokia to being an also ran in the Indian market in just four years. Analysts said since the local players will grow further and one of them may even topple leader Samsung soon, it's only logical.

"Android One will also help Google to bring in new users to its Android ecosystem, especially at a time when its overall market share could hit a plateau," said CyberMedia Research's lead analyst, Tarun Pathak.

According to IDC, Android had nearly 85% of the global handset market, far ahead of the nearly 12% held by Apple's iOS and 2.5% of Windows.

With Android One, "the proportion of sub-$200 volumes will climb even higher," from the nearly 59% currently, IDC said.

Pathak said that with Android One, Google hopes to counter the threat from growing forked Android devices and against new entrants in the operating system market like Firefox's Mozilla, Samsung's Tizen and Jolla's Sailfish
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Bollywood takes to Twitter, Facebook to promote films

NEW DELHI: Movie companies are betting on Twitter and Facebook to woo audiences and rake in the numbers for their films. Last week, the cast of 'Happy New Year' — Shah Rukh Khan, Abhishek Bachchan, Sonu Sood and Boman Irani — changed their names on Twitter to their movie names. Actress Deepika Padukone changed her name to Finding Fanny for her upcoming movie. Twitter says Bollywood has been a big segment for the social media platform this year and it will continue to provide backend support for movie tie-ups.

For multiplex operators such as PVR, promoting movies on social media adds 4% to cinema hall occupancies and about 1012% to revenue. Producers including Mahesh Bhatt are focusing on social media, especially for niche films like 'Citylights', which was released in May. For this movie, they spent Rs 4.5 crore on marketing in the tradi tional media versus a few lakh rupees on social media. Going ahead, Bhatt would rather choose the social medium to amplify the message. "Looking back, we shouldn't have spent so much money on traditional media," says Bhatt.

Traditional forms of advertising for movies are being supplemented with social media promotions, says film critic Taran Adarsh. "Youngsters are glued to social platforms and at times, it makes a lot of sense for filmmakers to announce and share details of their movies on social media instead of engaging offline with a limited number of fans as well as multiple distributors." Adarsh himself uses the medium to tweet weekly movie earnings.

Earlier this year, Salman Khan's fans received personalised posters directly from his account (@BeingSalmanKhan) during the launch of Jai Ho. Pratiksha Rao, entertainment partnerships manager at Twitter India, says the company has creative coordination with various partners from the film industry and provides technology innovation to execute these projects.

"The platform brings people closer to their interests and it is becoming increasingly important for Bollywood partners to discuss their movies on Twitter first," says Rao. She adds that actors have revealed their movie character names on Twitter first, along with the trailers, creating a buzz on the subject. Another factor is the craving by movie fans for personal conversations with actors, which a live medium allows.

"Marketing a movie requires copious amounts of research and if executed well, a movie that has been engaging on social media can draw traffic to the cinemas, says Anirban Das Blah, MD of CAA Kwan, a celebrity management firm. "It's often the most effective medium and gives a great return on investment since it costs very little compared to traditional forms of movie promotions. It is just a supplementary cost to the entire marketing budget," he says.

Production houses are increasing their budgets for social media spending. "Until a year ago, online marketing budgets were restricted to 5-10% of the entire spend, but now they are up to 20%, which includes social media and creating shoulder content created especially for the online medium for audiences to engage in," says Shikha Kapur, chief marketing officer at Fox Star Studio, which has upcoming Bollywood projects including Padukone-starrer 'Finding Fanny' and 'Bang Bang', a Hindi action thriller directed by Siddharth Raj Anand.

User engagement on social media that leads to purchases via movie ticket booking websites can be tracked in the virtual world, unlike trying to figure out how many people decided to watch a film after seeing a print or TV ad.

Film exhibitors such as PVR made the first move towards tapping the power of social media, which has been followed aggressively by production companies. And it isn't just Bollywood. Even in the south, filmmakers are actively using the medium. Pramod Arora, group president of PVR Ltd, says since exhibitors have a strong database of film viewers, they are very well placed to leverage social media."PVR created a booking engine on its Facebook page, which directly leads people into booking tickets. The ROI from social media can be as high as 55%."

Arora adds that there are about 900 films produced in India each year and the top 10% collect 90% of the total revenue. "While the top 10% films do well irrespective of any efforts, the remaining 90% have to be promoted well in order to get best returns and social media plays a very crucial role," Arora explains.

Success isn't always guaranteed. After spending almost 50 lakh on social media, 'Humshakals', a recent Bollywood release made on a budget of 80 crore, failed to enthrall audiences.

A genre of niche films in Bollywood is also being promoted on social networks. Ranjan Singh, head of marketing at Phantom Films, co-founded by Anurag Kashyap and Vikramaditya Motwane, says the company is releasing an 82-minute documentary about power theft - 'Katiyabaaz' — this Friday. "Since it was a limited-release film for a select kind of audience, we decided to promote and create the required buzz on the social media," says Singh. The company spent 8 lakh on social media initiatives, including releasing trailers on YouTube and live chats with the makers of the film on Facebook and Google Hangouts
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Top 5 best YouTube downloaders

There are many legitimate reasons to download a YouTube video. Here's a list of 5 best YouTube downloaders. 

YouTube is a phenomenon unto itself and possibly the most successful product for Google after Google search. Launched back in November 2005, the website attracts more than 1 billion unique users every month, and more than 6 billion hours of video are watched during the same period.

Although it might be frowned upon, there are many legitimate reasons to download a YouTube video. One is when you've recorded a video, uploaded it to YouTube, and then lost the original copy. And then there are copyright-free works to consider — from open source and creative content videos to those available in the public domain. You might not even be interested in the video and may just want to download its audio (or soundtrack) instead.

As with peer-to-peer (P2P), just because a technology can be used illegally, that doesn't mean it should be banned. From the myriad of options available, we've plucked out what we consider to be the best ones. They're free, but it's worth bearing in mind that they they may try to install add-ons that you haven't asked for - such as search engine toolbars or software to clean your computer's registry - that you can opt out of.
With that out of the way, here are our top 5 best YouTube downloaders.

1. Freemake Video Downloader

Freemake Video Downloader is a simple-to-use tool for downloading YouTube videos, along with their accompanying audio, in a few clicks. Simply paste in the URL of the video you want to download and click 'Paste URL' to set it running, or install the Firefox add-on to start the download from the YouTube page itself by right-clicking on the video.



The program comes with a slew of extras, including the ability to download YouTube Playlists and convert videos into multiple formats - including AVI and MP3. One of the program's more useful features is a nifty restrict bandwidth option that allows you to slow down your downloads if your internet connection isn't the fastest in the world. This allows you to keep them running smooth as butter while carrying out other tasks - such as streaming online video or gaming.

2. Free YouTube to MP3 Converter

YouTube is first and foremost a resource for watching videos, but there's nothing to stop you just ripping any video's accompanying audio. And, of course, there's more to YouTube audio than background music. Guitarists, pianists and other musicians, for example, could benefit by downloading one of the many instrumental backing tracks uploaded by professional and amateur musicians.


Looking for a funky guitar backing track in B-Minor to jam along to? Or how about downloading a karaoke track for that party you're hosting at the weekend? With Free YouTube to MP3 converter, you can do it in a snap. Copy the URL of the YouTube video you want to rip the audio from and open the program and hit CTRL + V to queue it up. Before ripping, you can select the quality you want to rip the audio in from a variety of formats - including MP3, M4A, AAC, WAV and OGG. Next, pick your desired bit-rate quality and hit download to send it hurtling down the wires.

3. aTube Catcher

With aTube Catcher you'll get the usual array of tools to download and convert YouTube videos (with audio), but it does a whole lot more too. One of its handier features is the ability to resize video, which allows you to cut out parts of clips for your own projects (if they're copyright free, of course) or lower the size of videos before saving them to your computer.


Another cool feature not found in many other programs is the Stream Capture tool, which allows you to load up a video stream from YouTube or other video sites to save streamed content straight to your hard drive, meaning you don't have to wait until a program is made available to officially download, which can take days - or even weeks.

4. Free Studio

Where some YouTube video downloaders focus on performing a single task well, Free Studio offers a comprehensive conversion package that can do tons more after you've made the rip. It's simple enough to get going: load up the program and you're presented with the option to download a YouTube video, or rip its audio as an MP3.


From there, you can choose from multiple conversion options to optimise the file for a certain device. Choose the mobile option, for example, and with a single click you can convert the video for viewing on Android, BlackBerry, HTC, Motorola, Samsung and other handsets. It means that factors like resolution, bit-rate quality and suitable audio codecs are automatically chosen and optimised, perfect for making sure you can view the video offline on your mobile device with no compatibility problems. There's also the ability to burn your video or audio track to a CD or DVD, and you can even give videos a psychedelic3D-type effect using the built-in 3D Video Maker.

5. YTD

YTD is a no-frills video downloading tool that features the handy option of converting your files before they're ripped, saving you from having to do it afterwards. And unlike some other downloaders that only support YouTube, YTD is compatible with a whole range of video sites: from DailyMotion to Facebook and beyond.


It may not be the most feature-packed option on our list, but its uncluttered, compact UI makes it a suitable choice if you're something of a prolific video downloader, allowing you to instantly get a snapshot of how many downloads you've got on the go. You're also provided with information on their progress, the speed that they're downloading and how long it'll be until they're nestled on a corner of your hard drive to be viewed whenever you're ready
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Demand for sales, actuarial specialists in Insurance

Demand for sales, actuarial specialists in Insurance

While the insurance industry has good growth prospects it is threatened by a shortage of talent when it needs it the most. According to an industry paper by Mercer, insurance industry growth is to come primarily from emerging markets — mainly China, India and Brazil — as populations of these countries age, the middle classes swell and urban development soars. However, finding the talent to serve these markets is a daunting task.

In a recent TimesJobs.com High Tea chat Saba Adil, talent head, AEGON Religare discussed the job opportunities available in the Indian insurance sector. She said that currently there is huge demand for professionals specialising in sales, operations, finance, underwriting and HR.

Insurance vertical provides many career opportunities for CA professionals as well. Adil added that the current status of low insurance penetration in India coupled with the increasing awareness about insurance products is pointing towards high potential that insurance and banking sector holds for CA professionals. She said that if a CA needs to gain more understanding about the insurance vertical, they can do specialised courses from the Insurance Institute of India and LOMA.

Another key business function that plays a major role in the insurance vertical is IT. Right from providing technology and systems that create customer experience to creating internal efficiencies, the IT team plays a very important role within an insurance company. With many insurance companies investing heavily in IT, Adil believes that a number of opportunities exist for IT and BPM professionals within this vertical.

According to her, profiles most in demand in the insurance sector are sales, actuarial and underwriting. Since actuarial and underwriting business functions are specialist roles and considering that skilled professionals are limited in these areas, there is a huge demand for such domain experts. With insurance companies having multiple channels of distribution, sales professionals continue to be much in demand.

Insurance as an industry vertical is very rewarding with a number of opportunities for learning and growth. Adil explained that the insurance sector offers competitive salaries and variable pay and sales incentives are high for performers.

Insurance is a long term business. To build a successful career in this sector, candidates should build functional and behavioral skills. Most importantly, customer-centric skills should be the key driver of all their business decisions.

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Google offers Rs 1.4 crore pay at BITS-Pilani

Google offers Rs 1.4 crore pay at BITS-Pilani

Technology and e-commerce players have taken the lead over companies in core industries during the campus placements at the Birla Institute of Technology and Science (BITS)-Pilani. And Google has offered an annual package of Rs 1.40 crore to students selected this year, sources said. The institute hopes to break its last year record of Rs 1.44 crore, offered to one of its students by Facebook.

With companies such as Linkedln, Microsoft, Flipkart, Schlumberger, Goldman Sachs and Amazon also visiting the campus, students eye big offers. All these companies have increased their compensation offer by 5-25%, indicating a better job scenario.

The BITS placement session for 2014 started off with Google, which conducted its first round (written) on August 18 at the Pilani campus. The company’s HR team is slated to visit India in the first week of September.

“A good number of students sat for the first round. We hope that a few of our students will make to the final selection,” said G Balasubramanium, chief placement officer at BITS-Pilani.

This year, 2,300 BITS students are eligible for campus placements — 53 were placed in two days, with the highest domestic package of Rs 23.5 lakh. Microsoft and Schlumberger have also shortlisted students. Both have offered more than Rs 70-lakh annual package to BITS students.

Overall, BITS has placed 150 students at its three centres — Pilani, Goa and Hyderabad. In Goa and Hyderabad, the placement session started on August 13. Facebook, which visited BITS for three consecutive years till last year and offered the highest package in 2013, is not scheduled to visit the campus this year.

The placement officer admitted that attracting these big companies wouldn’t have been possible without the support of the alumni who have a wide network among companies. The institute is confident that by the end of April 2015, 100% students will get placements.

A few students have shown interest in public sector undertakings (PSUs) due to revised pay grades.

Many students here have opted out of placement session to open their own startups. Balasubramanium said among those who opted out of placement sessions, 10 have already started their companies, mostly in IT and communication.

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GEA to axe about 1,000 jobs in restructuring

GEA to axe about 1,000 jobs in restructuring

GEA Group, the German industrial machinery and process engineering group, said planned restructuring would include about 1,000 job cuts over the next two to three years.

“However, the exact number of adjustments, the timeline and affected locations are subject to further analyses,” it said in a statement on Thursday.

The group had announced plans late on Wednesday to reorganise its operational activities to save at least 100 million euros ($132 million) a year by the end of 2017.

At the end of June, GEA had just over 18,000 employees around the world, according to its most recent financial report.

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Bangalore, Hyderabad to create 40L startup jobs by 2020

Bangalore, Hyderabad to create 40L startup jobs by 2020

The two southern states are vying for the spot of the top startup and innovation hub of the country, and announcing major initiatives to encourage entrepreneurs 

With the intention of boosting the global image of Bangalore and Hyderabad as global startup and innovation hubs, the Karnataka and Telangana governments announced various initiatives recently. This move is expected to generate about 40 lakh jobs by 2020.

The difference lies in the approach of the two state governments. While Telangana is focusing on promoting innovation and hence start ups by roping in established educational institutions, Karnataka plans to implement their plan via collaborations with Industry associations.

Karnataka

The government announced the setting up of a 50,000 sq ft warehouse NextGen facility, in partnership with NASSCOM to house and integrates India’s first Hack-celerator, a unique combination of a hackathon and an accelerator.

This facility is expected to house an `Internet of Things labs’, Design Centers of Excellence, Mobile Devices Lab to name a few.

“We propose to set up a 50,000 sq.ft `start-up warehouse’, India’s first ever hack-celerator and an ‘Internet of Things’ Lab,” said R Patil, minister for IT, BT, Science & Technology and Planning & Statistics, Karnataka. “It will be one of the first few in the world to be developed in association with NASSCOM and a few big global and Indian IT majors.”

When ready, it is expected to be a one-stop-shop hub where technology entrepreneurs with innovative ideas will be nurtured, mentored and funded by venture capitalists.

A similar move that was implemented by Karnataka in 2013 in the form of the `First Start-Up Warehouse’ spread across 10,000 sq ft, also developed in partnership with NASSCOM, reported impressive results in a short time. The facility resulted in about 28 start-ups and brought in over $1 million of investment in less than a year.

Telangana

This new state plans to develop India’s biggest incubation hub to be launched in Hyderabad by 2014-end or early next year.

The Telangana government plans to develop the hub in collaboration with established educational institutions in the state like the International Institute of Information Technology (IIIT) Hyderabad, Indian School of Business (ISB) and the NALSAR University of Law.

Expected to be set up in the IIIT campus, the T-Hub when ready will be a facility spread over 80,000 square feet and is expected to house 400 start-ups.

While the ISB is expected to provide business mentoring, IIIT expertise will be tapped for technology mentoring while NALSAR is expected to contribute towards help in intellectual property and other related areas.

“Through the incubation centre, we want to give a platform to the youth who have innovative ideas. We don’t want aspiring and budding entrepreneurs to be bogged down with legal, accounting, office space management, mentoring support and funding,” said K. Tarakarama Rao, minister, Information Technology, Telangana.

In phase II the government plans to develop a larger standalone facility, with about 3 lakh sq ft area, to house 1,500 companies. The aim is to bring all start-up programmes under one roof to ensure infrastructure, support services and funds for all startups.

Jobs generated

With the vision to make their respective states the innovation and start-up capital, the governments’ plan to attract angel investors and venture capitalists through regular investment meets.

“By 2020 between the two states one can expect development of about 40 lakh jobs including ancillary, support and back up services required to sustain and develop these hubs,” says Kishor Jagirdar, managing director, Infopace Management Pvt Ltd  and  a key figure in promotion and mentoring startups in Karnataka.

With the two south Indian states vying for the spot of the top startup and innovation hub of the country, clearly the one benefiting is the tech job hunter and budding entrepreneur.

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