The value of US dollars earned by exports have cut into India’s high growth IT sector, says a study by CyberMedia.
It states that Indian IT companies more than the slowdown has been hit harder by the fact that Indian currency rupee gained 9% against dollar in 2007/08. However, domestic IT market in India is going strong. Global players like SAP, Dell and Accenture have entered the Indian IT’s top 20 list. Specialist firms like Financial Technologies and Bartronics have showed mani-fold rise in revenues while companies like HP and Cisco topped Rs. 5000 crore annual revenues earned within India.
With a gasping economy to deal with, Bush administration is opening up to investment from abroad. It is also proactively asking US big and small corporations to seize the opportunities to rebuild their equity fast. Recently, Temasek Holdings, an investment...Continue Reading
In the recent months, personal computer maker Dell, has been testing a digital music player that could go on sale as early as September, reports Wall Street Journal. Dell’s new foray would put it into an Apple-led market that has...Continue Reading
Normal 0 Do you think economic slowdown will impact opportunities for Indian talent? ABB’s HR head, Gary Steel, when asked this question has said, recruitment at ABB for global roles isn’t driven by passport. Now that can be a...Continue Reading
Normal 0 Gartner definition: The remote support and management of various IT services that are related to infrastructure support from global delivery sites. These services include the remote system monitoring of the following: Data centerNetworks (WAN and/or...Continue Reading
Normal 0 Indian technology companies may successfully bag IT contracts from around the world, but they came as pauper on their own home turf. Commonwealth Youth Games which will be hosted in Pune this year has not found a...Continue Reading
As heavy rains poured in Mumbai in the last couple of weeks, the city by the side of Arabian sea saw its low-lying areas and suburbs (where quite a few BPO and outsourcing centers located) have been inundated. But it...Continue Reading
Is there a single business segment which has not been affected (mostly positive, but negative as well) by information technology outsourcing? Now, there is this report in NDTV, which says, how pharmaceutical companies, already pressed with various issues, are getting...Continue Reading
Indian companies are shopping in foreign countries. We have seen some successful endaveors last year by TCS and likes in US, Mexico and Philippines. Now its the turn of Romania. Evalueserve, an Indian KPO company, plans to set up a...Continue Reading
Normal 0 From my friends I came to know that Pune recently became volatile when some politically backed goons massacred some educational institutes’ properties for some silly reasons (like local language should be given preference etc). But its nice...Continue Reading
it looks good when even in the difficult economic scenerio outsourcing firms put up good result in the stock market.Nasdaq-listed Syntel, the business process outsourcing firm with operations in India, reported its second quarter results ended March 31, 2008. The...Continue Reading
As global paymemnt and card associations are increasingly becoming vulnerable to internet fraudsters, it makes good business sense to develop an end-to-end managed service solution to combat "card-not-present" fraud over the Internet.According to APACS, the UK payments association, UK card-not-present...Continue Reading
The outsourcing freelancing company oDesk which bridges the gap between small comapnies and devlopers, coders, designers and engineers has has raised $15 million in a Series C funding round led by DAG Ventures. Existing investors Benchmark Capital, Globespan Capital Partners,...Continue Reading
That's what the Evalueserve survey has stated. In stead of job hopping,a job seeker would fetch more value financially and through better exposure to various functions if sticks to his/her company.Evalueserve, a global research and analytics firm, recently conducted 70...Continue Reading
Why organizations outsource? There are thesis and research and what not. Lets take a simple five reaosns. CORE COMPETENCY: While for some enterprises the primary reason for outsourcing may be cost factor, but in reality one can not bring down...Continue Reading
You cant blame them, Lehman Brothers, following US subprime can not hold people in its 'cheap' offshore centers like India. Economic Times reports, Lehman Brothers’ captive back-office unit in Mumbai is set to hand pink slips to over one-fourth of its...Continue Reading
Sundaram Business Services (SBS) Ltd., the contact center arm of Sundaram Finance Ltd, has launched a new BPO center in Chennai, Tamilnadu. This is its fifth delivery center of Sundaram BPO and it will house 200 people. SBS focuses on...Continue Reading
Unlike the overseas business, labor or cost arbitrage does not drive the (INdian) domestic BPO market.Said Arun Jethmalani, CEO of ValueNotes. According to him, It’s strategic factors such as the need to scale rapidly, focus on core competencies, enhanced productivity...Continue Reading
Well, this is kind of new approach as far as BPO is concerned. No one before has done at least it India or rather did not promote it in such a way. Very recently there was a report that corrporate...Continue Reading
Rather than a backlash, it seems outsourcing is gaining more ground. In its latest forecast of the global business process outsourcing market, “Global BPO Market Forecast: 2008 – 2012,” BPO analyst Firm Nelson Hall provides a comprehensive forecast of...Continue Reading
Normal 0 A nice article I came across written by Raza Imam on outsourcing. “I’m looking for someone I can grow with.” CTO of Insurance Claims Software Company You’re a small company with a killer idea that’s...Continue Reading
Normal 0 OZ Bank, National Australia Bank is planning to send 400 information technology jobs to India in a phased manner. This news comes in continuation with the selection of technology companies like Infosys, Satyam and Oracle for developing...Continue Reading
Normal 0 Warburg Pincus-controlled WNS Holdings has acquired Aviva Global Services, the UK-based insurance giant’s captive BPO in India and Sri Lanka, for $230 million reports ET. Other players like EXL and 24/7 Customer were also in the race...Continue Reading
Normal 0 Google launches its own world, a virtual world in Beta – Lively. Give one online segment where Google does not represent today or not its team of engineers at R&D department burning midnight well. A virtual experience,...Continue Reading
Use these fast growing business social media sites to promote your business, feature your products, spotlight your business leaders, create links, and drive traffic back to your company site, all for free!
BIZZlogos - Add your logo - free link to your site BIZZphotos - Add photos of your products and people BIZZprofiles - Submit your profile and build your online visibility BIZZspotlight - Spotlight your business with free links BIZZvideos - Videos about businesses, products and business people. BIZZbites - "Digg" for Business - Submit your articles and posts
India is going strong. Global players like SAP, Dell and Accenture have entered the Indian IT’s top 20 list. Specialist firms like Financial Technologies and Bartronics have showed mani-fold rise in revenues while companies like HP and Cisco topped Rs. 5000 crore annual revenues earned within India. 
