Google Offers Delhi Engineering Student Himanshu Jindal Rs.93 Lakh Annual Pay Package

Ongoing campus placements at the Delhi Technological University (DTU) recorded a new high with one of its students bagging Google Offersan annual pay package of about Rs.93 lakh from Google USA.

DTU officials told that Himanshu Jindal, a fourth year student of Department of Computer Engineering, has been offered a salary of about $115,000 and 125 Google Stock Units (totalling Rs.93 lakh) by the company. "This is the highest-ever salary package offered to any DTU student. The highest annual package last year was Rs.58 lakh," said an official.


BJP Names Narendra Modi as its PM Candidate

 Narendra Modi on Friday was formally announced Bharatiya Janata Party's (BJP) prime ministerial candidate for the 2014 general elections.

The decision was taken after the commencement of the party's parliamentary board meeting involving its major leaders. It was reported that the senior leader LK Advani skipped the meeting due to his differing views over the decision to anoint Modi.

 Narendra Modi

Hours before the formal announcement, the allies of the Bharatiya Janata Party on Friday had confirmed that Narendra Modi would be the BJP's prime ministerial candidate.

Delhi Gang Rape: Death for All 4 Rapists

Nine months after the horrific gang-rape and murder of a 23-year-old woman in Delhi triggered nationwide outrage, a special court on Friday sentenced to death four convicts in the case.

Additional sessions judge Yogesh Khanna announced the punishment in a packed courtroom at around 2.30 pm.

The sentence has to be confirmed by Delhi high court.

Holding that the crime committed on a moving bus was in the "rarest of rare category", the court noted that the girl and her male friend were brutally assaulted, her abdomen ripped apart with an iron rod and internal organs pulled out.

They were thrown out of the bus moving at a high speed and the accused tried to run the vehicle over them. She was left on the road half-naked, seriously injured, severely bleeding and shivering in the winter chill.

The judge had convicted Mukesh Singh, 26, Vinay  Sharma, 20, Pawan Gupta, 19, and Akshay Thakur, 28, on September 10, holding that there was strong evidence they had committed the brutal gang-rape and a "cold-blooded murder".


Know Your PF Account Balance Instantly

No more waiting for your annual Provident Fund (PF) account slips now.

Getting the latest details just got easier as the retirement fund manager Employees' Provident Fund Organisation (EPFO) has launched a facility for viewing PF accounts Online on real time basis.

The internet facility was launched today by Labour Minister Sis Ram Ola in the presence of Minister of State for Labour and Employment Kodikunnil Suresh and EPFO's Central Provident Fund Commissioner K K Jalan, the Press Trust of India reported.

Speaking at the event, Jalan told PTI, "The facility would enable the EPFO to update accounts on real time basis. Now we would be able to provide annual account statement Online by April or May every year with all due interest credits."

The facility would also help in settling various claims well in time, Ola added.

At present, the five-crore subscribers get their records only once a year since the EPFO is supposed to send annual provident funds account slips by September.

However, the process usually takes longer.

The EPFO is also planning to launch the facility of online transfer of PF accounts in October, for which the organization is already conducting live tests.

Are you one of the 5 crore subscribers of the EPFO? Then check your accounts online on a real-time basis by clicking this link


Zensar Will Hire 400 Engineers

Pune-based IT player Zensar Technologies Limited chief executive officer Ganesh Natarajan on Monday said the ailing Indian economy will force the IT companies to stay focused on the traditional IT markets such as US and Europe and avoid the domestic market for some time.

"A falling Rupee is a deterrent. There has been very poor decision making in the country. No body is going to look at the domestic market till the economy stabilises. IT companies will focus on the traditional markets - US and Europe," Zensar Technologies Limited chief executive officer Ganesh Natarajan said while speaking at the sidelines of the IT and ITeS Industry Association of Andhra Pradesh (ITsAP) HR summit here.

Microsoft Buys Nokia for $7.2 Billion

Microsoft's acquisition of handset major Nokia's phone division has drawn a lot of interest in the tech and business world. Will beleaguered Nokia be better able to succeed at what it could not as a standalone player? Will Microsoft be able to rewrite its smartphone story now & compete better with Apple and Google? These are the questions only time can answer. But the two are definitely expected to derive better synergies with the merger.


7 Companies Hit Hardest by Rupee Fall

A lot of companies in India pay in foreign currency for importing raw material or pay for interest on their borrowing. A fall in the rupee value hurts them the most. It makes imports costlier and forces companies to pay more interest on loans.

Nine companies with a 23% weightage in the Nifty are adversely impacted by the rupee movement, according to IIFL, a Mumbai-based firm. This means their profits could be hurt. Analysts usually assess the impact on the earnings per share or the net profit per share of a company. A company’s share price usually moves in tandem with its earnings per share.

Here are the top 5 listed companies at a severe disadvantage:
  1. SpiceJet and Jet Airways:  Airline companies are the most affected directly by the rupee’s free-fall. For every 10% fall in the rupee, SpiceJet’s earnings per share (EPS) for the current fiscal decreases by a whopping 330%, according to IIFL. Similarly, Jet Airways’ profit too would see a fall of 70%. An airline’s major expense is imported jet fuel. It accounts for half of the operating cost. On the contrary, revenues are mainly in rupees. This makes airline companies exposed to exchange rate fluctuations.
  2. Jain Irrigation:  The multi-national irrigation equipment-maker is expected to see a 47% fall in its fiscal year 2013-14 EPS for every 10% fall in the rupee, according to the report by IIFL. The company reported a widening of losses in the first quarter of FY14 due to higher foreign exchange loss despite a 15% rise in revenues.

Asaram Held for Sexual Assault on Minor

Spiritual guru Asaram Babu was arrested here late Saturday night by Jodhpur police over allegation of sexually assaulting a 16-year-old girl in his ashram, official sources said.

"He has been arrested," a senior police official told IANS.

Asaram was arrested after lengthy questioning in his ashram here, sources said, adding that he would be taken to Jodhpur.

The 72-year-old has been booked under various sections of the Protection of Children from Sexual Offences Act and the Indian Penal Code. Earlier, a look-out circular was also issued against him to prevent any attempt by him to leave the country.