The government has cleared US-based chip maker Micron's project to set up a semiconductor test and packaging unit worth USD 2.7 billion in the country, according to sources. The approved project is expected to create 5,000 jobs. "The project was cleared about a week back," a source said, confirming details of the project.
In a significant decision on Monday, the Supreme Court ruled that foreign companies would not have to pay tax on their global income earned from business related to their outsourcing arms/units if these are done at existing market prices.
There are many Americans whose only experience with trade and globalisation has been shuttered factories.
A Bharatiya Janata Party-led government will not implement the nuclear deal with the United States if the Obama administration withdraws tax incentives to companies outsourcing works, a senior party functionary said on Wednesday.
Sticking to his opposition to outsourcing jobs to countries like India, President Barack Obama has said that he wants to give tax breaks to companies that are investing in the United States.
A day after Senate Republicans blocked passage of an anti-outsourcing bill, Democrat-led US on Wednesday made a conciliatory tone, stating the issue, which was an "irritant" in bilateral ties with India, can be "managed".
This increase in federal IT outsourcing, from the $12.2 billion spent in fiscal 2005, will be registered with the help of specific drivers.
BP is apparently targeting a higher percentage of offshoring.
Going ahead with its outsourcing spree, budget carrier Air Deccan on Wednesday tied up with Frankfinn Institute of Airhostesses Training as an exclusive cabin crew partner.
An interview with Dilip R Vellodi, chairman and chief executive officer, Sutherland Global Services.
Issuing a slew of directions, a bench of Justices S Ravindra Bhat (since retired) and Aravind Kumar asked the central and state governments to pay Rs 30 lakh as compensation to the next of kin of those who die while cleaning sewers.
The TV pilot lacks the sparkle and humanity that made the 2006 film of the same name a little gem.
The airline said it intends to run a full schedule at Gatwick on Monday and to operate a full long-haul schedule and a "high proportion" of its short-haul programme at Heathrow.
Indian drug makers may lose out on outsourcing contracts as overseas pharmaceutical companies defer their visits to the country in the wake of Mumbai terror attacks, according to industry experts.
Making a strong pitch to discourage outsourcing of jobs, United States President Barack Obama on Monday said that America's current tax structure gives incentives for shipping jobs overseas, a trend that needs to be reversed with incentives aimed at creating jobs inside the country.
First, the US today has bigger economic headaches than outsourcing.
Barack Obama is the worst US president as far as outsourcing is concerned, says Jagdish Bhagwati.
Information technology products major Hewlett-Packard on Thursday denied reports that it has plans to outsource to India.
"A comment here and a comment there (on outsourcing of services to India) should not bother us. . . once Obama is in office, he will realise that it is an interconnected world and countries have to work together," he said.
By bringing in 'outsider' Sanjay Jha to address mediapersons from the AICC platform, the Congress party is not helping its case in regaining the ground it has lost in the perception battle, notes Renu Mittal.
US President Barack Obama has hinted that he is not going to insist on bringing back the low-wage, low-skilled jobs outsourced to countries like India and China but would work on creating high-skilled, high-paying jobs, which cannot be off-shored.
Ahead of the presidential and legislative elections, the US Senate voted on Thursday to bar federal contractors from using taxpayers' money to move American jobs offshore.
Analysts see HCL's Rs 1,780 crore deal with Reader's Digest and another half-a-dozen big deals signed in the past three months by Indian IT firms, encompassing both global and domestic markets, as evidence that the outsourcing story continues to progress as the best option for companies to cut costs in the current difficult economic environment.
Human resource outsourcing services are expected to touch a volume of $25.4 billion by year-end, fuelled mainly by mid-sized North American and European companies, says an Everest Research Institute's Human Resources Outsourcing Annual Report. Growth will also be aided by reduction in transition costs and timeframes by existing suppliers, along with promotion of standardised offerings.
The research and development outsourcing market for information technology in India is seen growing from $1.3 billion in 2003 to over $8 billion by 2010.
As of December 2010, the bank's total outlets, including branches, stood at 5,017. Its ATM network stood at 2,516 units.
India emerging as a big global destination for contract manufacturing, unlike R&D outsourcing.
"Outsourcing is also a concern and I hope it will be addressed soon," Godrej Group Chairman Adi Godrej told reporters on the sidelines of the World Economic Forum on India in Gurgaon.
Ron Somers, president, United States-India Business Council speaks his mind about Indo-US tiff over outsourcing.
Thomas Mathew went to the Travisa Outsourcing Center in New York expecting the same treatment as he had received at the consulate earlier. "But things have changed. There was no long queue especially outside of the building. Services were prompt and employees were more helpful," he said.
The Indian High Commission in the UK will outsource the visa application process from Thursday, bringing relief to nearly half a million Britons visiting the country every year who can now say good bye to long queues.
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