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NTPC signs pact with oil PSUs for gas supply
State-run power producer NTPC today signed agreements with GAIL, Indian Oil Corp (IOC) and Bharat Petroleum Corp (BPCL) for sourcing gas for its power project at Kayamkulam in Kerala.

Fiscal deficit till July at 40% of the full-year target
India"s fiscal deficit touched 40 per cent of the full-year estimate in the first four months of FY10, kindling fears that expenses will exceed income beyond what was projected earlier.

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BSA Motors seeks road tax waiver from Gujarat government
In its hope to see electric two-wheeler sales rising in Gujarat, Chennai-based BSA Motors, a business unit of Tube Investments of India (TII), part of the Rs 15,646 crore Murugappa Group, has submitted a memorandum with the state government seeking eight per cent waiver in road tax, reduction in VAT as well as provision of subsidy for the products. Once implemented, BSA Motors hopes to achieve 15 per cent of its total sales target from Gujarat.
Business Ideas

TCS plans to hire 11,000 this quarter

Given the potential for growth, IT major, Tata Consultancy Services (TCS), is looking at hiring 8,300 trainees and around 3,000 laterals or experienced persons in Q4 FY10, a senior company official said. - TCS firms up on stellar Q3 results - Alpha India updated - IT starts Q3 on positive note; TCS, Infy bullish - TCS Q3 net up 34% at Rs 1,824 cr - RESULTS TODAY: TCS, HDFC Bank - Results today, tomorrow: Jindal Saw, TCS, HDFC Bank "We have already employed 8,703 trainees in Q3 and expect to add 8,300 more trainees in Q4 FY10. We have also hired 3,000 laterals in Q3 and given the growth we may continue to hire in Q4 as well," TCS" Vice-President and Head (Global Human Resources) Ajoyendra Mukherjee told reporters here today. The Tata group company has also given a 150 per cent increase in variables in the current quarter. The company plans to undertake a wage revision in April, Mukherjee said. During Q3, TCS had a gross addition of 12,854 employees, which includes a net addition of 7,692. The company is also looking at 5,500 new campus hirings in FY11. "We have had significant employee additions in Q3 and have increased our talent utilisation to industry-leading levels. We remain prepared to meet the growth in demand," Mukherjee said. Clients, however, still exercise "caution" with regard to IT budgets, he said. Amidst this uncertainty, a positive pointer is that TCS has resumed hiring of fresh and experienced employees alike, he said.


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