India's business process outsourcing major EXL Service has cut down the size of its proposed initial public offer on the Nasdaq Stock Exchange by 20 per cent
Business Process Outsourcing services provider EXL Holdings on Friday said it has raised a little over $72.2 million through its initial public offer.
Noida-based BPO firm, EXL Service is likely to list its shares on the Nasdaq Stock Market on October 20 after pricing its public issue of five million shares in the US market later this week.
The average salary received by students during campus placements for 2021-2022 was Rs 21.48 lakh per annum. The highest salary offered was $250,000.
Day 1 saw Microsoft make the highest number of offers while Intel emerged as one of the top recruiters on Day 2.
EXL Service is looking for Customer Care Executives (voice).
EXL Service is looking for Customer Care Associates (voice).
EXL Service is looking for Customer Care Associates (voice).
Rohit Kapoor, COO and co-founder, EXL Service, talks to Business Standard about the company's third-quarter performance, growth plans and outlook.
Aviva, the UK-based insurer may drop plans of absorbing the outsourcing operations from its existing vendors, including WNS Global Services, EXL Services and 24x7 Services, sources who declined to be identified said. The outsourcing deal is valued at $1 billion over a 10-year period.
EXL Service is looking for Customer Care Associates (voice) for insurance, banking and travel-related processes.
EXL Service is looking for Customer Care Associates (voice) and Customer Care Executives (non voice).
EXL Service Ltd is looking for HR Managers and Assistant Managers.
An Air India spokesperson said the plane landed at an "uncommissioned runway" and that all passengers are safe.
IIT Roorkee has so far seen the highest domestic salary rise Rs 80 lakh, up by a third from Rs 60 lakh last year.
Indian IT-BPO firms have stepped up investments by around 30-70 per cent on training and education of employees despite the economic slowdown.
Amid growing economic concerns and high attrition rate, leading outsourcing firms like WNS, ExlService and Genpact have warned that rising employee salaries could eat into their profit margins.
At the end of June, 2016, TCS had a total headcount of 3.62 lakh.
The Indian IT companies, which have been hitherto providing back office services (claims processing and others), are now planning to provide actuarial valuations. Genpact, one of the largest players in the property and casualty space has been in actuarial services since the last five years.
In fact, firms like NIIT Technologies and EXL Services are already reaping the benefit of the first- mover advantage with over 20 per cent of their revenues coming from non-linear business in the quarter ended September 30. A non-linear business' focus moves away from the tendency to measure growth on the basis of headcount or the concept that the more the number of people working, the more the revenue.
24/7 Customer, a $70 million BPO services provider, said that it planned to tap the capital market, but not in the immediate future.
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This year, campuses placed most number of students in the first phase compared to past few years.
IIT Kharagpur officials said the salary package was among the 163 offers made by 27 visiting companies on Monday on the first day of campus placements.
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