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.
From a poor farmer's family to IIT-IIM to the tallest peaks in the world, Malli Mastan Babu's story is the stuff movies are made of, discovers Chandrima Pal.
Author Jeffery Archer was in Mumbai for the launch of his latest novel, Paths of Glory
Stating that the differential pricing above Rs 12 was "unfair trade practice," Justice J D Kapoor, Delhi State Consumer Disputes Redressal Commission, said: "The process of converting ordinary water into mineral water is the same (for all bottlers) and the quality or purity is also the same. It is immaterial whether mineral water is obtained directly from springs or any other source." Yet, packaged water firms continue to price their 1 litre bottles above this amount.
I can never forget the day when in a remote corner of the planet that mariners call the Horn, or the Everest of the Seas, I hoisted the Indian flag on my boat and gave a salute to our tricolour. It was the proudest moment of my life, says Indian Navy Lieutenant Commander Abhilash Tomy, the first Indian and second Asian to solo circumnavigate the globe on a sailboat -- nonstop and unassisted.
Monnet, which has already acquired 27 per cent in Orissa Sponge at Rs 283 per share, made an open offer for another 20 per cent at Rs 310 per share. Monnet group executive vice-chairman and managing director Sandeep Jajodia said, "We have formed a joint venture with Orissa Sponge existing promoter P K Mohanty. Under the deal, the Monnet group will have three directors, while Mohanty, who will have around 18 per cent stake in the company, will have two nominees on the board."
The twin-engined Otter aircraft of the Yeti airlines hit the airport boundary fence while approaching for landing in bad weather conditions at 7.35 am (local time), according to state run Nepal TV.
Infosys chief mentor N R Narayan Murthy and renowned hotelier P R S Oberoi were also conferred with the award. The first man to step on the world's highest peak, Mount Everest, Sir Edmund Hillary was conferred the Padma Vibhushan posthumously.
The current sub-prime crisis, in the medium-to-long term period, will accelerate global sourcing adoption as financial institutions are exercising the option to cut costs. The institute predicts that outsourcing from the financial services sector have the potential to increase 40-45 times the current market size over the next five years, with key drivers of growth coming from cost pressures and the timely advent of more vertical-specific offerings by offshore suppliers.
The fast-growing, high-margin branded spices business is turning out to be an interesting growth opportunity, which to an extent was reflected in the Sunrise-ITC deal, with multiple parties from PE to strategic players joining the fray.
'India has been cleaved into two by a government that has shown amazing consistency in cleaving.' 'One India is gasping for life, and the other is doing yoga and clapping from balconies and WhatsApp groups,' observes Debashish Chatterjee.
31 Chinese climbers are on Mount Everest fixing routes and repairing camps for the final assault on the summit with the Beijing Olympic torch.
Here's this week's collection of the world's craziest and funniest stories from around the world.
The 56-year-old officer became the first serving general of the Indian Army to complete the event last month.
Most of India's reserves for war in the mountains have been sucked in by the standoff with China. A large part of India's airpower has also similarly been committed on the eastern border. By moving these reserves to the China border, India has been weakened vis-a-vis Pakistan. All in all, the nightmare scenario for India of a two-front war may well come true, warns Colonel Anil A Athale (retd).
Indian export-oriented information technology (IT) and business process outsourcing (BPO) firms may be grappling with an appreciating rupee and clouds of doubt looming over the extension of tax sops for the sector beyond 2009. An Everest-Nasscom study points out that the domestic BPO market, with a growth rate of 50 per cent over the last five years, has grown faster than the overall Indian BPO market to reach nearly $1.6 billion (Rs 6,400 crore) by end of FY2008.
The remote infrastructure management outsourcing market is likely to exceed $8 billion over five years, according to a report released by the Everest Research Institute.
Imax is looking towards developing nations like China and India to market its jumbo screens.
"While $30 billion is the achievable target, 50 billion is the aspirational target", Nasscom President Som Mittal said on Tuesday while releasing the findings of a study on India's BPO industry conducted jointly with the Everest Group, a global strategy consulting group.
What really sets this 22-year-old apart from any other British youngster is the fact that she is the country's youngest doctor.
Considering the June quarter numbers have been softer, as compared to the past quarters, and the overall macro environment is yet again under a cloud, Indian IT services should seriously look at the new normal
To celebrate its 50 years of making SUVs, Ford invited MotorBeam all the way to the Philippines to drive their various offerings at different kinds of terrains to show off their true capabilities.
"The cumulative total contract value of human resources outsourcing (HRO) transactions reached $ 21.2 billion in 2006 and is expected to be $25.4 billion by the end of this year," according to the study by the Everest Research Institute. Accenture, Convergys and IBM have gained significant HRO market share in terms of total contract value while Hewitt remains the market leader in terms of annual contract value, the study notes.
The Bogibeel Bridge, which was a part of the Assam Accord and sanctioned in 1997-98, is likely to play a crucial role in defence movement along the India-China border in Arunachal Pradesh.
Even casual climbers can reach these 10 peaks
The Siang is a dramatic river that flows through a beautiful land. Rafting on it is a rare pleasure the state offers tourists, says Ajai Shukla.
As more and more businesses move towards digital technology-enabled solutions such as chatbots to increase interaction with their own customers, BPM companies have seen a significant chunk of their revenue proceeds shifting towards business outcomes.
The six IT majors -- TCS, Infosys, Wipro, Satyam, HCL Technologies and Congizant -- along with two BPO giants Genpact and WNS are recording a yearly growth rate of over 40 per cent, according to technology consultancy firm Everest Group. Apart from these big names, all the other smaller players are struggling at a growth rate of around 20 per cent a year, Everest Group CEO Peter Bendor-Samuel told PTI.
With the floating of fresh tenders, the army would lose the benefit of procuring towed guns at the price levels of 2002-2003, which were in the range of Rs 10-12 crore per gun, as against the current price of approximately Rs 25-30 crore per gun.
Talent squeeze has been eroding some benefits of Indian vendors.
Chinese geologists say the range might even start becoming shorter.
It had reorganised its India business by carving out public sector undertaking and government businesses. Besides the company had also split its India and West Asia businesses.
The retail industry in the country is likely to spend about $1.5-2.5 billion over the next five years on outsourcing their IT operations, according to a study.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Modi said Nepal must identify its needs and priorities to deliver results.
