After Mexico, the company sets up delivery centre in Brazil
The demand for global solutions is pushing Indian BPOs to grow aggressively into global centres, said a senior executive. For instance, in the past 18 months, WNS has expanded its presence in the Philippines, Romania, and now Latin America. Analysts believe the trend will only increase in the days ahead, as clients look for outsourcing partners that can support critical processes from multiple delivery centres.
Rio de Janeiro won praise on Thursday for its 'remarkable' progress in early preparations to host the 2016 Olympic Games, after a three-day inspection of the Brazilian city by Olympic officials.
Over the last five years, Indian domestic market expansion has been the strongest with a tripling in size.
UPL, the country's largest agrochemical company, had a weak July-September quarter (Q2), reporting a sharp fall in revenues across geographies. Overall, the revenues were down 19 per cent on the back of lower agrochemical prices and inventory destocking. While the overall volumes were down 7 per cent, prices fell by 15 per cent. Volume decline in the European market was on the back of high channel inventory and product bans while in India the fall by 27 per cent was on account of muted demand for segments such as cotton and pulses.
After two weeks of increasingly exciting football in South Africa, some huge names are out: Italy and France. Some smaller ones -- most notably Slovakia -- have triumphed against the odds to win a second round place.
International economic diplomacy will be a major focus for the new government.
Indians are more willing to experiment with value-added services, including chatting, video gaming and watching live TV on mobile phones, as compared to their global counterparts, KPMG says.
Tata Motors is 'at a very high stage' in finalising a production site for its small car Nano at an overseas location, which could be either in Latin America, South East Asia or Africa.
The government on Wednesday said it is confident that textiles exports target of USD 33 billion for 2011-12 will be achieved as there is a good demand from markets like Japan and Latin America.
Pitching for "urgent" reforms of the United Nations Security Council, India on Friday said that the long pending expansion of the top organ of the world body is "inevitable".
Foreign Secretary Shivshankar Menon held special briefing sessions in groups for the envoys of the countries from Arab world besides those from Latin America, Africa and Europe.
"We are counting on India's rise not just as an economic partner but as a global power one that engages everywhere from Latin America to the Middle East to East Asia," Deputy Secretary of State William J Burns said in his remarks on 'Is there a future for the US-India partnership?', organised jointly by the FICCI and Brookings Institute, a Washington-based eminent American think tank.
"India plans to build close to 14 nuclear power plants. We see huge opportunity here"
Exporters are now looking at new markets.
Fascinating places with bad reputations: These places may have a bad rap -- but we think you'll have a great (and safe) vacation!
Even as the domestic pharmaceutical industry is exploring new markets in Latin America and the Commonwealth of Independent States, exports to countries in Africa are declining.
Copa America kicks off in Chile on Thursday as a widening US-led investigation lifts the lid on rampant corruption among the sport's top officials.
Imports, however, were higher at $350.69 billion, despite growing at a lower pace of 21.6 per cent amid increasing crude oil prices.
External Affairs Minister S M Krishna on Saturday embarked on a four-day visit to Iran during which its controversial nuclear energy programme and the proposed IPI gas pipeline project are expected to figure prominently in the bilateral talks.
To counter demand contraction in key markets like the US and Europe, Indian textile exporters are exploring alternative markets like Japan, South Africa and Latin America. At present, only 4 per cent of India's textile exports go to these markets.
Pope Benedict XVI failed to mention the child sex abuse scandal, which rocked the Roman Catholic Church, in his traditional Easter message in Rome.
Notwithstanding the uncertainty over the Indo-US Nuclear deal in the face of Left opposition, the IBSA summit will provide a useful opportunity to Dr Singh to garner the support of Brazil and South Africa, influential members of the 45-nation Nuclear Suppliers Group, for global civil nuclear cooperation.
UBS stepping in to save Credit Suisse with a $3.2-billion acquisition has provided the beleaguered Swiss bank's India employees a glimmer of hope. The surprise deal - engineered by the Swiss government - has triggered optimism of fewer job losses at Credit Suisse's India unit and better synergies at key verticals, such as wealth management and investment banking. "UBS is a much stronger hand. Coming within its fold will give Credit Suisse's wealth management and investment banking divisions a good home.
Other regions where the New York Stock Exchange-listed firm is targeting to expand its presence include China and Latin America. In an investor presentation, it said that as part of measures to cut costs in "corporate and other overhead, the company has slashed its headcount by 14 per cent," in addition to which finance, HR and IT staffing have also been reduced.
Exports of 'Made-in-India' vehicles have touched Rs 2,928 crore (Rs 29.28 billion) during April-October 2003 after growing by 32.4 per cent in value terms during 2002-03 to Rs 3,396 crore (Rs 33.96 billion).
China is using its growing trade power to enhance its global influence, especially in Africa, Latin America and Asia, where it is perceived as an all-weather friend. Since opening up its economy in 1978, China's foreign trade has been growing by leaps and bounds.
'The role played by the Indian expatriate community in the US acted as the lever for the change of perception about India,' says Foreign Secretary Shashank.
State-run Oil India Ltd, which got listed on the bourses on Wednesday, is looking at acquisition of assets or companies in Australia, South-East Asia, Africa, Russia and Latin America.
A new agreement has been clinched with pharmaceutical firms to substantially decrease the cost of treating AIDS in 66 countries in Asia, Latin America, Africa and the Caribbean, former US President Bill Clinton has announced.
After its successful run in Latin America and some African countries, the US-based non-profit organisation 'One laptop per Child' has launched the programme in India to equip students with specially designed laptap at subsidised rate for better learning. The laptops are unbreakable and water-proof which will make them easy to handle without any risk.
Videcocon Industries plans a major consumer electronics retail foray across West Asia, Europe, Africa and Latin America under the brand name "VC" to raise global revenue shares from the current 2 per cent to 50 per cent by 2011.
Venezuelan Prez Hugo Chavez promised to give India more oilfields in its heavy-oil belt, as he seeks to tap the world's second fastest growing economy to diversify energy trade beyond US. He intends to supply 1 mn barrels per day of oil to India in the near future. The Junin area is believed to hold some 500 bn barrels of in place oil reserves, of which Junin Norte may have about 7-8 bn barrels. OVL is expected to be given preference in the development and production phase.
The emerging markets strategic business unit of the country's largest IT services provider Tata Consultancy Services aims to touch the revenues of $2 billion by 2011-2012. The SBU targets regions such as Eastern Europe, West Asia, South Africa and Latin America. The company is also planning to have strategic development centres that will cater to these regions, beginning with Egypt & Russia. Emerging Markets offer great opportunity for TCS as IT sector there is growing at 8%.
Three persons, including an NRI from Canada, were being checked on Monday for suspected H1N1 flu after they complained of fever and other symptoms even as people were screened at airports across the country for the deadly virus that has hit the US, Europe and Latin America.
Prime Minister Manmohan Singh on Thursday partly blamed International Monetary Fund for the current global economic crisis.
While prices of hotel rooms could further drop this year as, "The year 2010 promises to be another great year for travellers," according to a report by Hotels.com, provider of hotel accommodation worldwide.
