Financial services major Citigroup badly bitten by credit-related losses in the US is in a bid to re-structure its India back-office operations which valued at around $1 billion trying to cut costs and monetise some of its assets.
Its captive BPO, Citigroup Global Services along with its technology an
d infrastructure outsourcing arm, Citos are believed to be on final stage of being acquired by some other Indian outsourcing giant, IBM Global Services. European consulting and IT services major Capgemini and India’s largest IT services firm Tata Consultancy Services (TCS), are also in the race.
Link:Forbes
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