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Thursday, 30 January 2014

Xolo Q3000 review

Xolo Q3000 review

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Xolo is trying to move into a new premium space with the launch of its Q3000 smartphone. While most of its launches have been products in the range of Rs. 7,000 to Rs. 12,000, this new device is one of the company's most expensive ever, with a launch MRP of Rs. 20,999. To justify that price tag, Xolo is throwing in the kind of banner features that everyone else is advertising in their own flagship phones today: a full-HD 1920x1080-pixel screen, large battery, quad-core processor, and camera that's sensitive in low light.
International brands that sell phones with such specifications ususally price them at Rs. 35,000 or more, so we're curious to see whether Xolo is actually trying to match their performance, or is simply offering something that appears to tick all the right boxes but doesn't perform as well in the real world.
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Look and feel
The Q3000 arrived for testing in a very smart-looking white box. The front is mostly unadorned, but the back has a list of features and highlights. The box slides open with a light pull, and the phone itself sits right on top. Beneath it is a compartment that holds the bundled flip case and screen guard, and below that are two more compartments which contain the battery, USB-OTG dongle, charger, headset, and printed quick start booklet. It's all very neatly presented, which made us even more eager to put the phone through its paces.
The Q3000 itself is unmistakably a mass-manufactured Android phone. You definitely wouldn't mistake it for a Samsung or HTC phone. Little things, like the rubberized plastic finish of the rear cover and the plastic assembly around the camera lens and ports, look a bit cheap. Construction quality is fairly solid, though. We had no complaints with the buttons or the way the phone is put together.
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The rear cover peels off when you pry it a bit with a fingernail. You have to work your way around the edges of the phone to release five or six clasps before the entire thing pops off. Beneath the cover is a cavernous space for the phone's 4,000mAh battery, in addition to slots for two SIM cards and a micro-SD storage card. Strangely, the primary SIM card slot takes only the older mini-SIM size but the secondary slot needs a micro-SIM.
As with most phones this size, the power/standby button has been moved to the upper right edge, approximately where your thumb would be if you held the phone in your right hand. The volume rocker is exactly opposite it, and there's nothing else on the sides. The headset jack and micro-USB port are on the top, while the bottom is blank. In another strange design decision, the primary microphone for voice calls is on the back. The phone's tapered edge means it's still pointed downwards, but we're going to have to test for ourselves whether or not this is a problem.
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Features
Xolo really has tried to pack everything it can into the Q3000. It's billed as a non-stop entertainment device, so the first thing we need to check is the screen. Thankfully, Xolo has used an excellent panel. The full HD resolution of course means that every little detail is crisp and clear. Colours are clean, but a little muted. We were especially pleased with the viewing angles. Of secondary importance is the sound, and it's here that we were disappointed. The phone's speaker is just not powerful enough at all. It's surprisingly soft even at full volume, and we weren't impressed at all with the quality and depth we of what were able to hear.
100_0686rs_241314_171343_5008.jpgThere isn't much to get excited about with the Q3000's camera. When seen at their full resolution of 4864x2736, photos are grainy and artefacted. Thankfully there's enough headroom to scale them down, which definitely improves their sharpness. There's an HDR mode which works quite well, exposing areas in shadow alongside those in bright light. Nighttime performance, however, is a whole different story. The flash barely made a difference in poorly lit areas, and there wasn't much of the scene we could make out at all.IMG_20140124_210750.jpgIMG_20140124_155357.jpg
(Click here to see full size.)
Videos are recorded in 3GP format. At 1080p, these were sharp enough for us. Focusing was a bit laggy, but otherwise we had no complaints.
Software
The Q3000 runs Android 4.2.1, which is quite old now. We're not sure that this phone's target audience will care all that much about such details, but it's worth noting for future compatibility issues. There isn't much modification to the basic Android OS, but Xolo has bundled a few apps. Xolo Power is a neat tool for monitoring the health of the battery. It shows how much time you're likely to have left for various tasks such as audio playback and 3G browsing, and also reports whether the general health of the battery has deteriorated. On another tab, you get quick access to battery saving features such as a Night Mode and Sync Frequency. The last mode actually has nothing to do with the battery: it shows you how active each of the four CPU cores is, and shows you which applications have crashed recently.
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Xolo Secure is an anti-theft and security app that lets you remotely track your phone, make it sound an alarm, wipe out all personal data, and take photos of anyone who tries to unlock it. If the phone's SIM card is changed, the app will send alerts to up to two preregistered numbers and your email address. The app itself can be locked down with a 6-digit PIN. Finally, while Google automatically backs up contacts, the app promises to also back up your SMS and call history databases.
Another interesting touch is what Xolo calls "one-handed mode". With a long press on the Back button at any point, the entire interface shrinks to about two-thirds its size and appears to run inside a window. You can drag this window around the screen, which remains black. It's designed to help people reach all corners of the screen when holding the device in one hand, which is an admirable thought. However, the windowed mode is extremely sluggish. It feels like we're running a remote-access session to a phone somewhere far away. You really can't get much done in this mode, which makes us question the way in which it has been implemented.
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Performance and battery life
The Mediatek MTK6589T that powers the Xolo Q3000 isn't exactly the newest or most powerful piece of silicone available. It was launched in late 2012, and even then, it wasn't at the top of the heap. It's based on ARM's relatively low-powered Cortex A7 processing core, which was specifically designed for low-power, low-intensity applications. Graphics are handled by an integrated PowerVR SGX544 GPU: again, not exactly cutting-edge technology.
As a result, the benchmark scores are not impressive at all. In fact, the performance numbers across most of our tests indicated that this phone performs barely half as well as today's high-end phones from mainstream brands. CPU performance wasn't all that bad: we recorded scores of 15,130 in AnTuTu and 5,832 in Quadrant. Graphics performance, on the other hand, was quite abysmal. The phone managed to push out only 3.4 frames per second in the GFXbench test, and 1,879 in 3DMark's Ice Storm Extreme test.
By now, our expectations had been tempered and so the video playback test results weren't a surprise. The Q3000 was able to handle video files in various formats at resolutions up to 720p, but 1080p was completely unwatchable. Some of our test files didn't play at all, others were completely mangled, and only one played with heavy stuttering. It's a bit jarring for a device to not be able to play video at its own native resolution - and that includes videos recorded with the phone's own camera.
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The scores show that the hardware simply isn't up to the task of pushing anything more intensive than simple 2D graphics on the full-HD screen, which is a shame. You won't notice much of a problem if you only run basic apps, but modern games are pretty much out of the question.
Despite the massive 4,000mAh battery, we were surprised that our video loop test ran for only six hours and twenty minutes. We've had phones with similar screens and smaller batteries last for well over 10 hours under exactly the same conditions.
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Verdict
The Q3000's price will attract some of the buyers who were looking at Samsung and HTC's larger offerings but were put off by the high cost. If you only want a big-screened phone for the sake of having a big screen, you'll be happy with this phone. Not only is the size impressive, but the full HD resolution gives it a sharpness that other models with 720p screens can't compare to. However, having an HD screen in this case won't mean you get to enjoy HD content.
With a lower-grade panel, Xolo could have put out a much better balanced phone at a lower price. We won't deny that the screen looks fantastic, so if you want your apps to look good and aren't concerned with movies and games, there's nothing stopping you from buying this phone.

Xolo Q3000

Rs. 20999
  • Design
  • Display
  • Software
  • Performance
  • Battery life
  • Camera
  • Value for money
  • Good
  • High-resolution screen with fantastic viewing angles
  • Low price
  • Decent construction quality
  • Bad
  • Cannot handle HD content
  • Runs Android 4.2.1
  • Mediocre battery life
Read detailed Xolo Q3000 review



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Angry Birds site hacked after reports of NSA and GCHQ spying on players

Angry Birds site hacked after reports of NSA and GCHQ spying on players

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Angry Birds creator Rovio Entertainment Ltd. says the popular game's home pages have been hacked, two days after reports that the personal data of its customers might have been accessed by U.S. and British spy agencies.
Rovio spokeswoman says the hacking lasted a few minutes early Wednesday and that end-user data "was in no risk at any point."
The hacking came after documents leaked by former National Security Agency contractor Edward Snowden suggested that the NSA and Britain's GCHQ had been able to extract information through a host of smartphone apps across the globe, including the Angry Birds game franchise, and Facebook,Twitter and Google Maps. Called 'leaky' apps by the reports, the apps use photo sharing, geo-tagging, sharing of location and a host of other permissions.
In a statement published Tuesday on its site, titled 'Rovio does not provide end user data to government surveillance agencies', Rovio said it does not "share data, collaborate or collude with any government spy agencies such as NSA or GCHQ anywhere in the world."
The company interestingly however did provide a possible way in which its apps, along with other ad-enabled applications, could be used for surveillance by agencies - if advertising networks themselves were being spied on. It said:
"The alleged surveillance may be conducted through third party advertising networks used by millions of commercial web sites and mobile applications across all industries. If advertising networks are indeed targeted, it would appear that no Internet-enabled device that visits ad-enabled web sites or uses ad-enabled applications is immune to such surveillance. Rovio does not allow any third party network to use or hand over personal end-user data from Rovio's apps."



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Samsung slashes Galaxy Gear smartwatch price to Rs. 14,990

Samsung slashes Galaxy Gear smartwatch price to Rs. 14,990samsung-galaxy-gear-635.jpg

Samsung has slashed prices in India of its first wearable device, the Galaxy Gear smartwatch, to Rs. 14,990. While there are conflicting reports, NDTV Gadgets has learnt the price drop will be effective within this week.

Samsung had launched the Galaxy Gear in the country on September 25, at Rs. 22,990, alongside the Galaxy Note 3. Earlier in January, the Korean giant had dropped the smartwatch's price to Rs. 19,075.

The Galaxy Gear smartwatch was launched alongside the Galaxy Note 3 at IFA 2013. The smartwatch features a 1.63-inch (4.14 cm) OLED display. It can make calls, display messages, record videos and snap photos with its 1.9-megapixel camera. The Galaxy Gear smartwatch also features S Voice and at launch only worked with the Galaxy Note 3 and the Galaxy Note 10.1 2014 Edition, a tablet which was also launched at IFA 2013. 

With the Android 4.3 update for its range of higher-end devices however, Samsung has brought Galaxy Gear compatibility to smartphones such as Galaxy S4, Galaxy SIII and Galaxy Note II. Samsung's Galaxy Gear smartwatch had launched with 70 apps initially, as per the company, which include apps for basic fitness such as a step-counting passometer. The battery life, a key challenge for most wearable devices, is said to be around 27 hours under Samsung's normal-use tests.

Refuting reports that the Galaxy Gear's sales had been disappointing, Samsung had in Novembersaid it had sold more than 800,000 units of the smartwatch since its debut in September. The South Korean firm said Gear sales have been better than its own expectations and it would expand sales promotions for the wearable device for the crucial year-end holiday sales.

Samsung has since poured marketing resources into the Gear with heavy advertisements and collaborations with fashion shows to seize leadership in the wearable computer market after the device got off to a rocky start after being critically panned by reviewers.

Earlier in January, a Bloomberg News interview had quoted Samsung's mobile executive VP, Lee Young-hee, who had given a March-April timeline for the launch of the next iteration of the Galaxy Gear smartwatch, and described what new it would bring: "When we release our S5 device, you can also expect a Gear successor with more advanced functions, and the bulky design will also be improved."



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Facebook posts strong Q4 earnings, cites growth in mobile ad revenue

Facebook posts strong Q4 earnings, cites growth in mobile ad revenuefacebook-mobile-reuters-635.jpg

Facebook Inc delivered its strongest revenue growth in two years, beating Wall Street targets as the Internet company's mobile ad sales continued to accelerate.
Shares of Facebook surged 12 percent to $59.98 in after-hours trading on Wednesday.
The world's largest social networking company said that revenue from mobile ads represented 53 percent of its total advertising revenue in the last three months of the year, or $1.24 billion, versus the 49 percent proportion that mobile ads represented in the third quarter.
"They've cracked the code on mobile," said Arvind Bhatia, an analyst at Sterne, Agee & Leach. "Within a little over a year's time mobile has taken over desktop," in terms of ad revenue he said.
Facebook said it now has 1.23 billion monthly users, with 945 million accessing the service on a smartphone or tablet.
Facebook's newsfeed ads, which inject paid marketing messages straight into a user's stream of news and content, have boosted Facebook's revenue and its stock price in recent months. The ads are ideally suited for the smaller-sized screens of smartphones and other mobile devices.
The average price per ad on Facebook has surged 92 percent in the past year, the company said, even as the total number of ad impressions on Facebook declined 8 percent.
In a conference call with analysts on Wednesday, Facebook Chief Executive Officer Mark Zuckerbergsaid the focus going forward was to improve the quality and the relevance of the newsfeed ads, rather than boosting the amount of ads in users' newsfeed.
Among the other priorities for the coming year, Zuckerberg said the company would focus on creating new standalone products and on improving Facebook's nascent search product.
Daily use rising
Facebook had spooked some investors in October when it said that it noticed a decrease in daily users among "younger teens." The remarks raised fears that teen Facebook users might be drifting to new messaging services such as Snapchat and WhatsApp.
Facebook Finance Chief David Ebersman said the company did not have an update to share about teen usage during the quarter, though the company noted that overall user "engagement" had increased throughout 2013.
Roughly 61.5 percent of Facebook's 1.23 billion monthly users visited the site every day in the fourth quarter, an increase from the 58.3 percent ration in the fourth quarter of 2012.
"The engagement on their site is going up and they're recapturing people on Instagram, so they're not losing people," said Jefferies analyst Brian Pitz, referring to the Facebook-owned mobile photo-sharing service.
Overall revenue in the fourth quarter rose to $2.585 billion, compared with $1.585 billion in the year-ago period and above the $2.33 billion expected by analysts polled by Thomson Reuters I/B/E/S.
Ebersman said that expenses in the coming year would likely increase around 35 percent to 40 percent. He did not provide a revenue forecast for 2014.
Facebook reported net income of $523 million, or 20 cents a share, versus $64 million or 3 cents a share in the year-ago period. Excluding certain items, Facebook said it earned 31 cents a share, beating the 27 cents per share that analysts were expecting.



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Lenovo to buy Motorola Mobility from Google for $2.91 billion

Lenovo to buy Motorola Mobility from Google for $2.91 billion

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Lenovo Group said on Wednesday it agreed to buy Google Inc's Motorola handset division for $2.91 billion, in what is China's largest-ever tech deal as Lenovo buys its way into a heavily competitive U.S. handset market dominated by Apple Inc.
It is Lenovo's second major deal on U.S. soil in a week as the Chinese electronics company angles to get a foothold in major global computing markets. Lenovo last week said it would buy IBM's low-end server business for $2.3 billion.
The deal ends Google's short-lived foray into making consumer mobile devices and marks a pullback from its largest-ever acquisition. Google paid $12.5 billion for Motorola in 2012. Under this deal the search giant will keep the majority of Motorola's mobile patents, considered its prize assets.
Shares of Google climbed 2.6 percent to about $1,136 in after-hours trading. Google Chief Executive Officer Larry Page said that Google would be best served by focusing on smartphone software rather than devices.
Reuters reported the deal earlier on Wednesday, citing sources familiar with the deal.
The purchase will give Lenovo a beach-head to compete against Apple and Samsung Electronics as well as increasingly aggressive Chinese smartphone makers in the highly lucrative U.S. arena.
In 2005, Lenovo muscled its way into what was then the world's largest PC market by buying IBM's personal computer division. It has powered its way up the rankings of the global smartphone industry primarily through sales on its home turf but had considered a U.S. sortie of late.
"Using Motorola, just as Lenovo used the IBM ThinkPad brand, to gain quick credibility and access to desirable markets and build critical mass makes a lot of sense," said Forrester Research analyst Frank Gillett.
"But Motorola has not been shooting the lights out with designs or sales volumes in smartphones. So the value is simply in brand recognition to achieve market recognition faster - and to expand the design and marketing team with talent experienced at U.S. and Western markets."
Rise of the Chinese
The deal is subject to approval by both U.S. and Chinese authorities.
Chinese companies faced the most scrutiny over their U.S. acquisitions in 2012, according to a report issued in December by the Committee on Foreign Investment in the United States. Analysts say political issues could cloud the Motorola sale, especially with Lenovo trying to seal the IBM deal at the same time.
Lenovo will receive over 2,000 "patent assets" as part of the transaction, the companies said, but it remains unknown which will change hands and whether they might be subject to extra scrutiny from regulators.
For Motorola, Lenovo will pay $660 million in cash, $750 million in Lenovo ordinary shares, and another $1.5 billion in the form of a three-year promissory note, Lenovo and Google said in a joint statement.
"The acquisition of such an iconic brand, innovative product portfolio and incredibly talented global team will immediately make Lenovo a strong global competitor in smartphones," Lenovo's chief executive, Yang Yuanqing, said in a statement.
In two years, China's three biggest handset makers - HuaweiZTE Corp and Lenovo - have vaulted into the top ranks of global smartphone charts, helped in part by their huge domestic market and spurring talk of a new force in the smartphone wars.
Although Huawei and ZTE have made some inroads in the United States, where the Chinese companies continue to grapple with low brand awareness, perceptions of inferior quality and even security concerns. Lenovo has until now stayed out of the U.S. market.
In the third quarter of last year, ZTE and Huawei accounted for 5.7 percent and 3 percent of all phones sold in the United States, respectively, trailing Apple's 36.2 percent and Samsung's 32.5 percent, according to research house IDC.
Huawei declined to comment on the Lenovo deal on Wednesday. ZTE did not immediately offer comment.
Globally, Lenovo ranked fifth in 2013 with a 4.5 percent market share, according to IDC. That's up from 3.3 percent in 2012 and virtually nil a couple years before that.
Step back
For Google, the sale represented a solution to a persistent headache as Motorola's losses widened in recent quarters. It also showed Google is willing to step back from the handset arena and throw its weight behind device makers that propagate its Android software, Kantar analyst Carolina Milanesi said.
"It all points to Google thinking in the short run that they're better off betting on Samsung and keeping them close," Milanesi said. "And of course now they're enabling a second strong runner (Lenovo) in the Android ecosystem."
In 2012, analysts saw Google's Motorola acquisition as primarily a way to secure the company's trove of patents amid the technology sector's increasing legal battles - rather than a bona fide push into the handset business.
Many industry observers were surprised that Google did not immediately sell the hardware division after the deal closed, choosing instead to operate Motorola a separate company.
It did sell Motorola's cable television set-top box business to Arris Group Inc for $2.35 billion at the end of 2012.
In a blog post on Wednesday, Google's Page highlighted the strategic choice in selling the Motorola handset business.
"The smartphone market is super competitive, and to thrive it helps to be all-in when it comes to making mobile devices," Page wrote. "This move will enable Google to devote our energy to driving innovation across the Android ecosystem, for the benefit of smartphone users everywhere."
Lenovo is being advised by Credit Suisse Group while Lazard Ltd advised Google on the transaction.



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HTC Desire 310 with quad-core MediaTek chip briefly listed on European sitein


HTC Desire 310 with quad-core MediaTek chip briefly listed on European site


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HTC has expanded its Desire range with the unveiling of a new mid-range smartphone, the Desire 310.
HTC had on Wednesday temporarily listed the new smartphone on its European site without pricing and availability details. Soon after, the HTC Desire 310 page on the site was pulled, and is currently still down, with no word on the global rollout of the device.
The HTC Desire 310 is company's first smartphone powered by a MediaTek chipset, the quad-core MT6582M clocked at 1.3GHz. The dual-SIM smartphone features a 4.5-inch display with a resolution of 480x854 pixels. The HTC Desire 310 runs Android 4.2.2 out-of-the-box, while there is no word on BlinkFeed feature on the device.
It comes with 512MB of RAM and also includes 4GB of inbuilt storage, though there is no mention of expandable storage in Desire 310. It sports a 5-megapixel rear camera, while there is a VGA front-facing camera. The HTC Desire 310 comes with Bluetooth, Wi-Fi, Micro-USB, EDGE, GPS and 3G connectivity options. The smartphone packs a 2000mAh battery and measures 131.44x68.03x11.25mm. The HTC Desire 310 was first spotted by PhoneArena.
Earlier, HTC introduced a new mid-range smartphone, the Desire 400 dual-SIM which was listed on company's Russian and Ukrainian sites.
The HTC Desire 400 dual-SIM runs Android Jelly Bean OS with HTC Sense UI on top featuring BlinkFeed. However, it's not clear at this stage whether the OS version in the Desire 400 dual-SIM smartphone is Android 4.2 or Android 4.3.
The HTC Desire 400 dual-SIM as the name suggests comes with dual-SIM functionality and supports micro-SIM instead of regular SIM. It comes with a 4.3-inch WVGA display with a 480x800 pixels resolution. It is powered by a quad-core 1.2GHz Snapdragon 200 processor along with 1GB of RAM, according to the Russian site, which also lists an 8-megapixel rear camera with LED flash and BSI sensor, apart from a 1.6-megapixel front-facing camera.

Mobiles launched in January 2014

Display

4.50-inch

Processor

1.3GHz

Front Camera

0.3-megapixel

Resolution

480x854 pixels

RAM

512MB

OS

Android 4.2

Storage

4GB

Rear Camera

5-megapixel

Battery capacity

2000mAh


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Top Recruiters To Step-Up Hiring At B-Schools Despite Slowdown

Top Recruiters To Step-Up Hiring At B-Schools Despite Slowdown

Top Recruiters To Step-Up Hiring At B-Schools Despite Slowdown
Undaunted by slow economic growth, top recruiters are preparing to step up hiring from top B-schools, including IIMs, when campus placements kick off from first week of February.

Among Goldman Sachs, Cognizant, Capgemini, ICICI Bank, HCL Technologies, Citibank and KPMG — all leading recruiters last year — a few are looking to hire 18-100 per cent more MBAs this year, while the rest will hire at least as many as last year.
This spells good news for IIMs, many of which had struggled to place the final lot of students last year due to weak hiring sentiments and large batch sizes.
Top recruiters to step-up hiring at B-schools despite slowdown
KPMG is looking to double hiring from B-schools to 200, driven by a need to strengthen presence in advisory. “We are investing heavily to recruit top-end talent across talent pools that are relevant for our businesses,” says Shalini Pillay, head, people, performance and culture, KPMG in India.
Goldman Sachs is planning to increase its B-School hiring by 30 per cent to about 90 professionals this year, according to V Bunty Bohra, CEO for Goldman Sachs Bangalore. Last year, the firm recruited 70 Bschool students and another 45 interns.
It will also double internships this year. “As IIMs attract a pool of some of the brightest, highpotential talent across the country, our hiring from them has increased significantly,” says Bohra.
A number of factors are driving requirement of MBAs this year even though there has been no uptick in the economy: companies are keen to strengthen talent in certain key areas, build business solutions capability and also want to build a strong pipeline for the future.
Besides IIMs which will get into placement frenzy in February, the Class of 2014 at other leading management schools, including XLRI Jamshedpur, FMS, SPJIMR, NMIMS, SIBM and XIMB, will also benefit from the strong hiring outlook.
Many of them are already in the thick of final placements. Last week, ET reported that hiring at non-IIM B-schools was better than anticipated.
Citi India is stepping up hiring by 18 per cent in 2014 by hiring 65 management associates across top Bschools including 25 from the IIMs, according to Kripa Krishnamoorthy, head of talent, diversity and organisation development.
Last year, the bank hired around 55 MBAs across corporate, retail and support functions. IIM hires will comprise about 40 per cent of the associate pool in 2014 compared to 25 per cent last year. In terms of overall campus hiring, it plans to hire over 200 this year. Citi will pay its management associates around Rs 17 lakh, while for businesses like markets and investment banking, entry level talent will be paid up to Rs 35 lakh. Goldman Sachs has offered around Rs 30 -34 lakh in some non-IIM colleges, while ICICI Bank, another active recruiter on campus with 60-70 hires from the IIMs last year, will be offering Rs 12 lakh. The bank will hire the same numbers as last year.
Capgemini too will hire around 140 B-school grads, the number it hired last year. Rajesh Padmanabhan, corporate VP & chief HR officer at the organisation, says it hires for roles like business consulting and risk managers among others. The company may add a couple of new IIMs to its list this year from the six older ones it regularly visits.
Cognizant, the top recruiter last year with over 300 MBA hires, including 75 from IIMs, declined to reveal proposed hiring numbers.
But Sriram Rajagopal, VP-HR, said that while its consulting practice has been the biggest recruiter of management graduates, it now also has several groups within its Emerging Business Accelerator businesses that are looking for MBA talent for their ventures. Consulting firm BCG, which was the top recruiter across IIM-A, B and C last year, may hire marginally more this year, Suresh Subudhi, partner and director, said. BCG hired around 55-56 students across B-schools in 2013. It typically hires students as senior associates while those with over 3.5 years of experience may be taken as consultants.
BCG is also planning to expand the number of campuses it visits this year and is in talks with MDI, SP Jain, JBIMS and NMIMS.



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Citigroup Plans To Hire 2,500 Professionals In India This Year

Citigroup Plans To Hire 2,500 Professionals In India This Year

Citigroup Plans To Hire 2,500 Professionals In India This Year
Citigroup is planning to increase its headcount in India by hiring 2,500 professionals in 2014, though globally the bank does not plan to increase its people’s strength from a net add point of view.
“India is a place we are investing in. Last year, we hired around 2,500 people in India and this year we will hire about the same number of professionals,” said Paul McKinnon, head of human resources at Citigroup.
“India is an important market for Citi. It is one of our high growth countries where we plan to invest in the future,” he said, in his first ever media interaction in India since he joined the global group in February 2008.
“Some of these hires are based on in house growth in the business while others are for the various centers of excellence we have set up around the country,” said McKinnon in an exclusive interview to ET. India is one of the eight markets in Asia with revenues of over $1 billion for the group.
Citigroup plans to hire 2,500 professionals in India this year
The hiring will be across functions and businesses, including consumer banking, investment banking, transaction services and treasury business. A significant number of the recruitment will be for the consumer banking business and the group’s offshore units coming up in the country. The bank’s consumer banking business has turned around in the last two years with growth across all segments including home loans, credit cards, wealth management and basic retail banking. It was primarily due to a slew of launches in the market in the past 18 months.
In the human resources function, for example, Citigroup has decided to have a single point of contact globally for all reporting and analytics within HR. “We started a ‘Reporting Center of Excellence’ here in India. I will spend some time meeting the team to know what progress they have made,” says McKinnon.
“One of the first things that struck me when I joined Citi was the number of senior executives we had around the world that came from India and I think that is because we are a global company and offered great opportunities to learn. So we drew a lot of very talented senior players from India into the company as a whole. India is a place we will continue to come for great talent,” said McKinnon.
The proposed hiring will mostly be at the entry level or within a year or two of experience. Also Citi will hire about 200 from different campuses, including the business schools (IIMs and others), engineering colleges (IITs and others) and undergraduate (UG) college campuses.
“We hire a lot from campuses. In 2014, we have plans to hire a little over 200 people from campuses in addition to doing some lateral hires,” said McKinnon.



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Regret Letters Important For Your Employer Brand

Regret Letters Important For Your Employer Brand

Regret Letters Important For Your Employer Brand
Organisations must send regret letters to those who were not selected, post interview.

After conducting an interview session, you might be ready with a list of selected candidates who meet your requirements. Ever thought of reaching out to the other candidates who didn’t make it to that list, with an official regret letter? If not, start doing it! Their opinion can seriously impact your employer brand.
These candidates and their opinion of your organisation can either add-up or seriously erode your employer brand value, depending on how their interview experience was. In order to understand the job-seekers’ perspective on this, TimesJobs.com conducted a poll. According to the poll results, we found out that 84 per cent out of 800 respondents expect an official regret letter, in case they are not selected after an interview. They believe it’s better than the uncertainty of not knowing the result. According to Sunil Goel, managing direction, GlobalHunt, a professional always expects to get an output for the efforts, time and resource spent on appearing for the interview process and they have a strong desire to know the final outcome.
“Most of the large global and professional organisations follow the practice of sending official regret letters to candidates who do not clear the interview process, appreciating their capabilities, time spent and efforts put in to come for the interview,” adds Goel. An ideal regret letter should also explain the candidate that they have selected someone and position is currently closed; therefore, their candidature cannot be presently considered. It should also say that the organisation would definitely like to keep in touch with him/her for future opportunities.
Keeping a candidate you don’t intent to hire, waiting for the results and not reverting back, can take a serious toll on your employer brand. A disgruntled candidate can express their discontentment with your organisation’s interview process, on their social media page; which can spread like wildfire. Goel explained that today’s world is largely dependent on social network; feedbacks and experiences spread almost instantly. A logically explained regret letter ensures positive communication, which is a key tool for effective employer branding. This, in turn, can help the employers to attract good and active talent and also allows them to dip in the passive talent pool.




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‘Companies To Develop Corporate Alumni Networks And Rehire Ex-Employees’


‘Companies To Develop Corporate Alumni Networks And Rehire Ex-Employees’

Interview Of The Day: ‘Companies To Develop Corporate Alumni Networks And Rehire Ex-Employees’
Rajesh Jain, head – corporate HR, Srei Infrastructure Finance Ltd.

Jain feels in 2014 businesses have to start hiring from within. This will involve taking stock of the company’s current skill inventory and redeploying to fill mid-level positions so that the new hiring can be done at the entry level
What will be the top recruitment trends in 2014 in your industry? What will be the game changers in recruiting?
  • Non-banking financial companies (NBFCs) see the announcement of banking licenses as the next game changer when it comes to attrition and hiring scenarios. Irrespective of the number of licenses given out or the players, the effect and impact of this landmark decision may be felt across the industry especially in few areas/roles where talent demand may disproportionately increase.
  • Recruitment in our industry would undoubtedly increase to catch up with the growth aspirations. Most of the hiring will be at the mid-level. However, industry will also hire at entry-level to build bench strength.
  • One key game changer in 2014 will be to have the businesses to start hiring from within. This will involve taking stock of the company’s current skill inventory and redeploying to fill most mid-level positions so that the new hiring can be done at the entry-level. Hiring at entry-level is simpler and we can pick good people from a vast pool. Lateral hiring is difficult and the fishing area is very small and shared by many prospective employers.
  • Another key game changer would be to have the businesses to develop corporate alumni networks and try to rehire their ex-employees.
  • While traditional recruitment methods such as hiring through consultants would further get reinforced, the search at the backend will get heavily dependent upon networks such as LinkedIn, Facebook, etc.
  • Companies have now evolved from a model of ‘candidate relationship management’ to a model of building a ‘talent network’ from which to recruit.
What kind of compensation can candidates look out for in your industry?
Continuing on the mantra of ‘Pay for Performance’, most NBFCs doled out handsome increases to their key talent with fixed pay increases going as high as 25-35 per cent for top talent in key functions.
Going forward, we may see an increase in innovative incentive schemes, long-term benefits with organisations linking company performance with equity, corporate tie-ups or customised solutions with respect to employee benefit schemes, rewards and wellness.
What will be this industry’s top/highest paid jobs?
Top talent with specialised knowledge and skills in the areas of enterprise risk management, legal, corporate governance & compliance, corporate finance, and investment banking would command higher compensation. Seasoned management professionals and specialists in their niche area with a broad based experience across various areas of Banking and Financial Services will remain the highest paid in the sector.
What are the key challenges that every HR/Business Head in your industry should have on top of their workforce agenda in 2014?
Engage, retain and develop your workforce, effective and increased use of technology in your processes and systems should be the top most agenda in 2014. This year, we find the issues of branding, retention, development, and process automation to be top on our priority list.
Organisations will shift their focus from cost reduction to retention and development. Technology will continue to make the world a smaller place, forcing companies to improve their employment brand in every possible way. Leadership will continue to be in short supply. And HR will have to innovate to stay ahead.
Thus, 2014 looks an exciting and critically important year for HR. The economy will grow, employees will be in charge, and HR’s role in business success will be more important than ever.
Any emerging skill sets (owing to new technology/market forces) that you would like entrants to be trained/ready for?
With increasing regulatory focus of the central bank on NBFCs and the impending banking licenses, control functions such as business process automation, risk assessment and high degree of problem solving ability, strong networking capability, interpersonal skill and fraud control have become talent areas witnessing hectic activity.
What is the biggest USP of your industry (work hours, work-life balance, salary) that you would like candidates to know about?
The biggest USP of the NBFC industry is flexibility and independence in doing your work. Employees themselves earn such flexibility for themselves when they show end-to-end ownership.


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