Infosys Technologies Limited has acquired 87,50,000 equity shares, 23 per cent on a fully diluted basis, of its BPO subsidiary Progeon Limited from Citicorp International Finance Corporation for Rs 530 crore (Rs 5.3 billion).
The Wipro's office on Hosur Road was completely flooded and the company said it has made arrangements for the employees to work in its other offices in the city.
Announcing its unique recruitment model, eLitmus.com, promoted by IT recruitment firm Browse Consulting, has said that it had signed up with 53 companies in IT, BPO, banking and financial cervices and life science sectors to hire 7500 fresh graduates
India is at the edge of a precipice. It can now take off and soar, going ever higher, it can stay where it is; or it can suddenly begin to fall. Giving it wings and confidence is the IT-BPO sector, says Nasscom president Kiran Karnik.
Baring Private Equity Partners on Monday denied any plans to restructure MphasiS BFL or its management team.
World's sixth largest insurer Aviva Plc on Thursday said it would look for more acquisitions in Asia and continue to focus on countries like India, China, Hong Kong and Singapore for achieving faster business growth.
Wipro Spectramind is hiring technical support and customer care associates for its BPO division.
Despite its BPO edge of skilled manpower and low labour cost, India's 'Advantage BPO' position may not be sustainable in the long run as nations like China, the Philippines and Mexico are fast catching up, a ASSOCHAM-IDC survey says.
Wipro Spectramind is looking for Technical Support and Customer Care Associates for its BPO division.
Indian IT major HCL said on Wednesday that it will add 300-400 more jobs during this fiscal at its business process outsourcing centre in Northern Ireland, making the country a hub for its European operations.
Indian IT major HCL Technologies Ltd has decided to create 250 jobs in Northern Ireland as part of its call centre expansion plan
The Budget will obviously be crucial. But US President Donald Trump may have even more of an influence than Finance Minister Arun Jaitley when it comes to sentiment, argues Devangshu Datta.
Take the Rediff Biz Quiz and find out how much you know about India and its BPO companies.
In 2014, the country witnessed 800 new companies starting up, taking the total number of start-ups to 3,100, Nasscom said.
Take the Rediff Biz Quiz and find out how much you know about India and its BPO companies.
A delegation of venture capitalists from the East Coast, US, with a worldwide portfolio of $20 billion, will visit India next month as part of TiE event to explore the possibilities of investing in Indian IT
Apart from the telecom and BPO sector, IT and banking sector and auto and pharma experienced significant year-on-year growth during August.
The country will witness a mushrooming of technology start-ups over the next five years.
Software industry body Nasscom on Wednesday appointed Cognizant India Executive Vice Chairman R Chandrasekaran as its Chairman for the year 2014-15.
Infosys is an ethical company with solid processes that respects its customers and this is not going to affect their business, he added.
Without Myanmar, India can't engage with any of the Asian nations to its east.
Technology market research firm Tech Market View said the contract, which is one of Wipro's largest deals group-wide, signals the growing influence of offshore-centric IT-BPO players in large scale UK outsourcing market.
Improving economy and investment in Indian carriers and hotels by global companies is likely to lead to hiring for aviation and hospitality sectors witnessing up to 40 per cent growth in 2015, according to experts.
The petition was mentioned on Tuesday by Income Tax counsel Beni Chatterjee and Vodafone lawyer Fereshte Sethna before a bench headed by Chief Justice Mohit Shah.
Even as outsourcing demand from Europe revives after the debt crisis, data protection regulations in the region governing trans-border data flows could hurt the $108 billion Indian IT-ITeS industry.
Reminiscing time spent at the firm he co-created with six other friends in 1981, Infosys non-executive chairman S Gopalakrishnan said many major events in his life are linked to major milestones of Infosys.
Country's second largest IT firm Infosys has crossed the $2 billion revenue mark in Europe for the first time, driven by strong demand for consulting and system integration (CSI) services.
Prime Minister Manmohan Singh is expected to announce a package for border districts of Jammu and Kashmir when he travels there on Tuesday along with United Progressive Alliance Chairperson Sonia Gandhi on a two-day visit.
India's IT/BPO story isn't over yet, believes Ganesh Natarajan.
India's IT/BPO story isn't over yet, believes Ganesh Natarajan.
A minor fix in tax laws can make start-ups bloom, says Ajit Balakrishnan.
A minor fix in tax laws can make start-ups bloom, says Ajit Balakrishnan.
The Bombay High Court on Thursday stayed a new income tax demand of Rs 3,000 crore (Rs 30 billion) on Vodafone India Services in an alleged transfer-pricing case from 2010-11.
Top ten billionaires in India.
Wayward employee behaviour at Uber and Infosys highlights the risk to corporate reputations.
The unemployment situation is becoming increasingly acute.
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