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Infosys plans salary hike in Apr 2010

Infosys plans salary hike in Apr 2010
Mumbai, Mar 4: Infosys Technologies is planning to hike salaries for all its employees in Apr 2010, a spokeswoman said on Thursday, Mar 4.

Infosys spokeswoman said, "Yes, we are considering a wage hike in Apr. We expect business to be normal in the coming year and as in a normal year, we give hikes every Apr."

Infosys and other IT firms such as TCS and Wipro had put off their annual wage hikes in Apr 2008 as global recession crimped investments on technology services by their clients.

According to Business Standard report, Infosys was planning 8-12 per cent wage increase.

The report also said TCS and Wipro were also planning salary increases between 8 per cent and 12 per cent for the financial year beginning in Apr on improved business environment.

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Biotechnology major Biocon forays into nephrology space

Bangalore, Mar 09:  Biotechnology major Biocon on Thursday forayed into the nephrology space with the launch of a portfolio of five renal therapy products for the domestic and global markets, which it said was cheaper compared to MNC drug prices. The new immunosuppressants for renal therapy are at least 35-40 per cent cheaper than the MNC drug prices in the similar product category, the company's Marketing Head Rakesh Bamzai said.The Bangalore-headquartered company's Chairman and Managing Director, Kiran Mazumdar-Shaw said.....
User Comments
mon 18 Jan 2011 04:25 pm
IT majors are getting crores and crores ...........why not for the professionals?
mon 18 Jan 2011 04:22 pm
its very disappointing that the it majors(infy,tcs)) is not hiking the salary as with the pace
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