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10 and Plus 2 schools in Nagpur

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Non-tech graduates replace engineers

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BANGALORE: Navin Kumar , CEO of iPrimed , a skills development organization, has a mandate from IT companies now to fill up some 2,000 positions with BSc and BCom graduates. A year ago, this number was just around 500. The demand for engineers has not risen anywhere as much as for BSc/BCom graduates. So about 60% of the requirement this year is for BSc/BCom graduates, against about 20-25% last year. "There is pressure on companies to cut costs. Also, many engineering graduates are no good," says Kumar, who was a senior executive in Infosys before he founded iPrimed. With the global economy still sluggish and the IT recovery still uncertain, companies are trying to contain costs, and non-engineering graduates are seen as a viable option to keep costs under control as also get certain kinds of work done that was previously done by engineers. Fresh non-tech grads are available for an annual salary of Rs 2 lakh, about half of what fresh tech grads are typi...
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Microsoft co-founder to open investment office in Silicon Valley

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Paul Allen to open tech-focused office in Palo Alto  To look at early stage software, Internet, tech companies Latest move in Allen's 30-year tech investment career P aul Allen, the billionaire co-founder of Microsoft  Corp , is opening an office in Silicon Valley to make new investments in emerging technology and internet companies. The Palo Alto office, set to open in the next few weeks, will operate under the name of Vulcan Capital, the investment arm of Allen's Seattle-based Vulcan Inc, which manages his personal fortune, valued at about $15 billion. Allen, 60, co-founded the world's largest software company with Bill Gates  in 1975, but left in 1983 after a bout with cancer. The riches he amassed through his large stake in the company, plus successful investments in sports and real estate, have made him the world's 53rd richest person, according to Forbes magazine. A pioneer in the early development of PC software and Microsoft's technical leade...
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