Employment News Today 10 July 2013

Employment News Today 10 July 2013
India beat Sri Lanka; qualify for finals

India pulled off a sensational victory over Sri Lanka in the last league match of the tri-nation series at the Queen's Park oval on Tuesday. 

India won the match by 81 runs (D/L method).

Sri Lanka need to chase a revised target of 178 runs from 26 overs to win after the Indian innings was disrupted by rain.

India could bat for only 29 overs and score 119/3. Rohit Sharma (48 not out) and Suresh Raina (4 not out) were at the crease when rain arrived.

The target has been revised by D/L method.

Bobby Jindal spells out three point formula to immigration reform

Bobby Jindal, Indian-American Louisiana Governor, has come out with his three step formula for immigration reform - securing the border, guest worker visas and increasing legal immigration - as he opposed the comprehensive immigration reform passed by the Senate.

BOBBY JIDAL SAID--

We cannot trust bureaucrats or agencies to determine when the border is secured, so we should instead adopt a goal that can't be manipulated - such as complete implementation of fencing, technology, and other security methods - and only then should we decide whether that approach has worked or not," he wrote.

Once the border is secure, and not before, we should provide an opportunity for those who came here illegally seeking to work for a better life to gain legal status rather quickly, if and only if they are willing to do all that is required," he said.

Increase legal immigration, by a lot. Letting folks into our country who want to work, get an education, and improve their lives is good for them and good for us.

Infosys global sales head Basab Pradhan resigns

Infosys Technologies global sales head Basab Pradhan has resigned from the company in the first top-level departure after the return of NR Narayana Murthy, who was recalled as executive chairman in June.

Pradhan, an alumnus of Indian Institute of Technology-Kanpur and Indian Institute of Management-Ahmedabad, returned to Infosys in 2011 after his first stint at the company between 1995 and 2005. 

He took over from Subash Dhar, who resigned to start his own venture. Pradhan created a venture-funded technology startup Gridstone Research, which specialised in analysing unstructured financial data.

Pradhan is the latest in a long line of senior executives to head for the exit door at India's second-largest software company. 

In recent months, Ritesh Idnani (chief operating officer, Infosys BPO), Shaji Farooq (head of financial services for North America) and Matt Barney (head, Infosys Leadership Institute) have left Infosys.

IIT seats go vacant as 769 refuse to join

                The Indian Institute of Technology (IIT), where gaining admission is said to be more difficult than entering some Ivy League colleges in the US, have had to go through the ignominy of a second round of allotments to fill up all the seats. 

Students who took admission were offered internal betterment before the second allotment. 

So, if a student with a ranking of 1,100 did not take the seat allotted, another with a lower ranking got that placeA total of 769 students, who got an opportunity to study in the premier institutes, did the unthinkable this year: 

They refused to study in an IIT. It's a rare situation where even general category seats in various IITs across the country have remained vacant after the first round of admission.

Shah Rukh Khan gets clean chit in surrogacy case

After sending two inquiry letters to actor Shah Rukh Khan seeking to kn-ow if he had used a sex-determination test to find the gender of his surrogate child, civic officials on Tuesday said that there is no case against him.

Khan stated that his newborn, named AbRam, was born prematurely and through a surrogate mother. 

Gauri and our whole family have been dealing with his health issues for a long time now,'' his statement said. 

The child was born at Masrani Hospital in Andheri (W) on May 27 and was taken to Nanavati Hospital, Juhu, and Breach Candy Hospital thereafter.

Sebi tightens currency derivative norms to curb rupee fall

Sebi has tightened the exposure norms for currency derivatives to check large scale speculations in the market.

Currency derivative trading allows traders and investors to take forward views on various currency pairs, including rupee-dollar, and it was being felt that large-scale speculations on their future movements might be adding to the downward pressure on the Indian currency, which fell to a record below 61 level against the US greenback on Monday.