At a time when the Indian information technology services industry is the focus of anti-outsourcing rhetoric, the global in-house centres (GICs) or captive units of multinational companies are increasing their offshore penetration.
Size of targeted firms for M&As increases from $10-20 mn to $80-100 mn.
Moving ahead from offering sector specific wage rates within India, paycheck.in will soon monitor global minimum wage standards across regions like Asia, Pacific, Middle East and Europe.
The requirement of one million units would entail a huge market for firms such as HCL Infosystems, Geodesic, VeriFone, Visiontek and others manufacturing micro-ATMs.
The company said these numbers represented the offers made to only engineering students at Indian campuses and the final hiring target for 2012-13 would be announced by the end of March.
Clients picky on various heads; vendors need to maintain share.
The FDI floodgates have opened mega opportunities for not only brick-and-mortar retailers, but for their virtual peers as well.
Indiagames is a leading developer and publisher of mobile and online games.
BT has been associated with Tech Mahindra since the latter's inception and contributes 40 per cent to the firm's revenue but it has been looking at divesting its stake.
Only in the case of public infrastructure did the government facilitate purchase. Hence, Gujarat would not have to make much changes post the Bill," said C L Meena, revenue secretary.
Mumbai-based business process outsourcing firm Firstsource plans to sell US-based MedAssist, a health care business it acquired in 2007. Firstsource had paid $330 million for the acquisition.
According to two independent sources in the know, the group is exploring the possibility of tapping private equity investors for a significant minority stake in the company or may even exit the business, provided it gets a significant exit premium.
Specifically, the study examines the societal value of privacy and explicates strengths and weaknesses of considering privacy as public good.
The Internet Corporation of Assigned Names and Numbers' (ICANN) decision to expand gTLD (generic top-level domain) names on the internet to include almost any name (even .anything), is foxing both users and registers. It has also raised fears of online trademark violations and cybersquatting.
Ashutosh Vaidya, head, Wipro BPO Solutions, and Deepak Jain, head, Technology Infrastructure Services, have put in their papers, said the sources. The reasons for the resignations could not be confirmed.
At present, at least, five over $500-million deals are being discussed for potential acquisition.
During the quarter ended March 31, it added seven clients, the highest since the third quarter of 2007-08.
iGate Patni is all set to compete with the likes of IBM, Accenture, Infosys and Congnizant.
Large-cap plus in low-cost delivery, investment in new services adds to sectoral push
The report said recent concerns about manpower like attrition, quality of talent and rising wages, have compelled IT companies to take a relook at their so far successful offshore business model more than ever before.
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