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Leading Indian information technology services company HCL Technologies has entered into an agreement with Al Majdouie Group of Saudi Arabia to offer back-to-back facilities for seven-year tenure. Although the contract won by HCL Technologies is being touted as a major deal, neither party revealed the amount of the agreement.
As per the terms of the [...]

Banking and Healthcare sectors in the European Union will now find it difficult to offshore their work to the ITeS majors in India – Infosys, Tata Consultancy and Wipro owing to the new set of VAT rules set up by the EU this January. While the new rules will make outsourcing costlier by around 15 [...]

In a new wave of outsourcing strategies, overseas parent firms are taking advantage of their captive units in India to broker outsourcing deals.
Several multinational companies with captives in India are learning that the benefits of outsourcing to third party BPO and IT vendors. In fact, they are making use of the excellent management attributes of [...]

The major Indian outsourcers - TCS, Wipro, Infosys, and Mahindra Satyam - are in stiff competition with Accenture and IBM for outsourcing contracts worth close to a billion dollars; the contracts are to be issued by British Petroleum in August.
Currently, BP outsources most of its global application development, infrastructure management and system integration projects to [...]