India

BFSI: Largest vertical of Infosys under duress

Submitted by cdas on Wed, 01/18/2012 - 06:28

Global downturn, Euro zone miseries affect IT/ BPO sector hiring

Submitted by cdas on Sat, 01/14/2012 - 14:01

Global economic recession couples with the prevalent debt crisis in the Euro zone appears to have cast an ominous shadow on hiring process of in several sectors, including BPO, ITeS, entertainment and media in India.

In effect, a recent website report says that the IT/ BPO sector has recorded its maiden negative annual growth.

Several Indian BPO/ ITeS shifting base to Philippines

Submitted by cdas on Fri, 01/13/2012 - 13:03

Recent developments in the southern regions of India unmistakably point to the fact that the country’s reputation as the globally favored hum for information technology (IT) and information technology-enabled services (ITeS) is eroding rapidly as several ITeS and BPO companies, particularly the medium businesses based in Hyderabad and Bangalore are moving or expanding their businesses in the Philippines.

Euro debt affecting Indian IT firms as outsourcing contracts lessen

Submitted by cdas on Wed, 01/11/2012 - 07:05

Software companies in India are preparing to face a sluggish pace of outsourcing deals during 2012 when they begin quarterly earnings in the current week owing to the protracted European debt crisis, their largest market subsequent to the United States.

Capgemini to open a software hub in Kerala IT hub

Submitted by cdas on Sat, 01/07/2012 - 07:46

The French multination IT services firm and a leading management consulting, professional services and outsourcing company Capgemini is establishing a new software development hub at the Thiruvananthapuram Technopark IT center located in Kerala, India.

Nasscom Foundation to promote 'impact sourcing'

Submitted by cdas on Sat, 12/31/2011 - 08:34

The nodal body for IT industry in India, Nasscom has said that its social development trust Nasscom Foundation is working on the subject of building a new-fangled wing of the BPO industry in the country, called ‘impact sourcing’.

Market Process Outsourcing – the next major prospect

Submitted by cdas on Wed, 12/28/2011 - 08:15

These days when we talk of outsourcing, we generally refer to businesses comprising BPO, KPO as well as LPO. Now, another new term ‘MPO', marketing processing outsourcing, has been included in this category of businesses. As numerous companies are gradually realizing that outsourcing accelerates, homogenizes as well as computerizes regular marketing, now plenty of work from the marketing sphere is being dispensed.

BT Group on way out from Tech Mahindra

Submitted by cdas on Mon, 12/26/2011 - 12:14

In a forerunner to the impending departure of the British telecommunications company BT Group Plc from Tech Mahindra, two directors of the Indian firm’s board relinquished their posts on Friday. On late Friday, Tech Mahindra, the IT arm of Mahindra & Mahindra (M&M), has notified Indian stock exchanges that two directors nominated by BT Group – Nigel Stagg and Richard Cameron have quit the company’s board with immediate effect.

Infosys BPO to acquire Portland Group of Australia for A$37 million

Submitted by cdas on Thu, 12/22/2011 - 12:28

Infosys BPO, India’s second largest software development firm Infosys’ business process outsourcing arm, has announced on Tuesday that it has consented to purchase all of the unsettled shares of Portland Group Pty. Ltd., headquartered in Australia, for a sum of AUD37 million, while the software major looks for increasing its portfolio of range of services in the sourcing sector.

Tech Mahindra, Mahindra Satyam merger imminent

Submitted by cdas on Wed, 12/21/2011 - 04:59

Tech Mahindra and Mahindra Satyam, both tech firms managed by the Mahindra & Mahindra Group, will soon appoint merchant bankers as well as accounting firms to evaluate the two enterprises for a future merger.