IT majors on hiring spree

vIndianz.com (8 Feb, 2010) — Hyderabad: Information Technology companies, who were on recruitment freeze for two years, is opening doors, reports The Indian Express.

At least the signals from Hyderabad is green. As the process of campus placements started at the Osmania University (OU), where exams have been postponed and situation remains volatile, offers from top companies brought some cheer for students amidst the gloom and apprehensions of missing out on job prospects due to the agitations and shutdowns.

However, students are keeping their fingers crossed hoping that the final exams are not postponed and the results are not delayed indefinitely if agitations for a separate Telangana start all over again.

“If exams are delayed or postponed and results are not out in time the companies may withdraw offer letters or keep them suspended. Companies showed solidarity and faith in the students by visiting even during the agitations, but they may not tolerate postponed or delayed exams and uncertainty of results,” says Shiva Kumar of the College of Engineering.

The top four IT majors — Infosys, Wipro, TCS and Cognizant Technology Solutions — have made 408 job offers in the OU College of Engineering. Placement Officer Shiva Kumar says that 15 IT companies made a total of 444 offers. “The four top IT majors made 408 offers, which is amazing. This year, we are expecting 98 per cent of our 680 students of BE, B Tech and M Tech will get jobs through campus placements,” Kumar says.

At the Jawaharlal Nehru Technological University (JNTU), it is a bonanza. IT firms, including TCS and Infosys, have made 300 job offers and 22 students have received multiple job offers with salaries of Rs 3 lakh per annum. Yahoo and Google have made two job offers with remuneration packages ranging between Rs 8.5 lakh to Rs 9.5 lakh. For the first time, Oracle Corporation has picked up 18 interns, Essar Steel and Maqsoft have picked up 10 each, while ADB and Idea Cellular have picked up several management students, The Indian Express report claimed

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