Faced with a nationwide strike by bank employees, the government on assured that proposed outsourcing would be implemented only under a well defined policy.
It has apparent "negative connotations" in some mature markets such as the US.
IT major Accenture's second straight cut in its revenue growth forecast for FY23 suggests there is more pain ahead for the Indian IT sector, say analysts. Accenture has lowered the top end of its FY23 growth guidance in constant currency (CC) to 9 per cent from 10 per cent earlier. The firm, which follows a September-August fiscal cycle, expects a 2-6 per cent CC growth in Q4 of FY23 (June-August 2023) versus the 6-10 per cent prior guidance.
Bank unions on Monday requested Prime Minister Manmohan Singh to allow resumption of large scale recruitments in public sector banks and disallow outsourcing in the sector as it would affect job opportunities.
US President Barack Obama and Vice President Joe Biden on Wednesday went full blast against Republican presidential nominee Mitt Romney, accusing him of outsourcing American jobs to countries like India and China.
This year, MindTree improved from 68th in 2007 and has been ranked 54th, while also being named one of the 20 best companies by services offered in the category of product research, development and manufacture. The list is published in May 5 issue of Fortune magazine. Winners were chosen through an evaluation process that considers four key criteria -- size and growth in revenue, employees, development centres and countries served customer experience.
The World Bank would outsource over $10 million IT work to India in the next 12 months through its existing Indian partners, Nasscom
Following the footsteps of call centres, data processing and accounting firms, lawyers in Canada have begun outsourcing legal work to India.
With India's communication needs outstripping neighbours', companies are finding it easier for campaigns to be either based out of or outsourced to Indian agencies.
There is lot of potential in chip designing and solar energy going forward
The deal structure is expected to be similar to the Infosys recent announcement of acquiring three global offshore centres from Philips along with getting an outsourcing deal.
"What has changed in the last two quarters is that the markets have improved and deals are coming back. We see more deal-flows," Infosys' CEO and managing director, S Gopalakrishnan, told reporters on the sidelines of a CII meet in Mumbai on Wednesday.
India and Vietnam are vying with each other to woo semiconductor companies to their country. With the tension between the US and China escalating, and Taiwan getting vulnerable both countries are trying to present themselves as alternative destinations for global players. Vietnam, which started the effort as early as 2010, has got a leg-up after US President Joe Biden's visit last month.
In what is the largest ATM outsourcing deal in the country, Axis Bank has entered into an agreement with two third-party service providers to increase its ATM count to more than 9,000 within the next 18 months.
MPO is Market Process Outsourcing. It is a new one in the alphabet, if you can call it that! After running the marketing divisions of various companies for more than 20 years, I felt there was a big gap.
Raising the issue in the legislative council, Leader of Opposition Ambadas Danve said the control of police should be under the state government.
The move by Reliance Communications to outsource its IT requirements would result in an upfront cost savings of around $200 million (Rs 900 crore), with the company seeking a guarantee to this effect from the vendors.
India Inc on Tuesday described the United States President Barack Obama's announcement to punish American firms by levying high taxes on their outsourcing business as 'protectionist' and a retrograde measure that, it said, will hurt the US companies.
For the time being, digital lending remains a grey area, notes Tamal Bandyopadhyay.
'His prestige would have been enhanced by a show of mea culpa and not diminished,' says Amulya Ganguli
TCS, Infy, Wipro among those that have bagged a five-year deal.
While most companies in developing countries that export to the west are worried about protectionism, the stakes are high for India's outsourcing industry.
Nortel Networks, which has so far outsourced R&D worth Rs 1,000 crore from India over the past 5 years, is planning to increase its product research development work locally in the core areas of switching and enterprise voice.
Growing at a robust rate due to economic reforms in key sectors like digitisation and infrastructure, India has emerged as a star performer and is projected to contribute more than 16 per cent of the global growth, the International Monetary Fund said on Monday. "What we have been observing for quite some time now is that India has been growing at a very robust rate. "It's one of the star performers when it comes to real growth when you look at peer countries.
Companies can save thousands of dollars by outsourcing the development of custom-software projects to low-cost, offshore locations such as India and China, say researchers.
The growth of India's IT outsourcing sector, which contributes to about 25 per cent of the country's total exports, is expected to slow down sharply this year following a drop in demand due to the global financial crisis, India's software industry lobby predicted.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances