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Tuesday, April 19, 2011

Firstsource to hire 500 in Hubli unit over 2-3 months

Source: http://www.sify.com/finance/firstsource-to-hire-500-in-hubli-unit-over-2-3-months-news-economy-lesrOseaiib.html



Firstsource Solutions plans to hire 500 employees at its BPO centre in Hubli, Karnataka, over the next two to three months, an official source told Reuters on Monday.
The firm plans to hire staff to service two telecom clients, the source said.
The company started its Hubli centre in 2007 with 200 employees.
Shares of the Mumbai-based firm, which the market values at 8.35 billion rupees, closed down 3.09 percent in a weak Mumbai market.

Wednesday, April 6, 2011

Five new layouts planned in Belgaum

BELGAUM: Belgaum Urban Development Authority (BUDA) has identified 455 acres of land at Kanabargi, Anagol, and Hindalaga on the outskirts of the city to develop five layouts.
The process to acquire 160.1 acres in Kanabargi is in final stages. As many as 2,120 sites will be developed there. About 145.35 acres have been identified at Bhagyanagar in Anagol, where 1,700 sites will come up.

BUDA will acquire 114.33 acres and 29.34 acres for the two layouts planned in Hindalaga, which will collectively have 1,740 sites. The government has approved four projects, while the one for Kapileshwar Layout -where 50 sites will come up on 5.33 acres - is awaited.

BUDA is offering 40% of the developed land to farmers, instead of compensation. BUDA commissioner D S Chougula and local representatives convened several meetings with farmers to convince them. "Over 50% of them are committed to BUDA," Chougula told STOI.

"The farmers will benefit from the 40:60 deal with BUDA. The present per-acre rate is Rs 18-20 lakh, but they will get around Rs 50-70 lakh after getting 7-8 gunta developed land," he said.