IBM is saying they don't have business demands so they cant give joining

While i totally sympathise with those who were selected but not given jobs by the company,prudence dictates that when offer is not getting converted into job within 30 /45 days,the applicant should have started his /her own cross checks and moved on in life.
Company has not done right thing, if what is posted is totally correct.
Candidates should have not bet on one horse alone and continued applying for fresh jobs once reasonable time had gone past after selection.
One must put such bad experiences behind and boldly move forward.

I do not condone what IBM has done in this case, it is unconscionable conduct, but I wonder if this sort of thing goes on in India more often than we know? Others could comment on that.

However, I will take a contrary view here. IBM has not made your life hell, you have to a great extent.

As others have rightly pointed out, NEVER EVER put all your eggs in one basket. When applying for jobs, you MUST keep your options open, as in this case, not all opportunities will come to fruition. Circumstances change, and if we are to be charitable, then maybe, just maybe, the situation has changed at IBM, and the original jobs are now no longer available, for whatever reasons. That DOES NOT excuse IBM from this totally inappropriate behaviour. I just seek to shed some light.

You have not told us what your fall back position - Plan B if you like - was if, for some reason the IBM job did not work out. You should not have waited so long, before pulling the plug, and moving on to find another position.

If you have expenses, like housing, food, etc, then you cannot afford to sit around waiting for things. If IBM were fobbing you off with excuses, etc, then you should have acted sooner, and cut your losses.

You are not going to win this battle with IBM, try as you might. They have done the wrong thing, but unfortunately for you, and your colleagues, they will prevail in this case. You might be best to bow out and keep your reputation intact. No-one wants to employ people they perceive as troublemakers.

Any update on what happened next?
I know i am late here but would love an update