Pramod Bhasin has been appointed as the chairman of the executive council of the National Association of Software and Service Companies (Nasscom) for the year 2009-2010.
Bhasin will now take over as a non-executive vice-chairman of the company.
'China is fantastic. It's superb. I recommend all of you to go to China to understand it,' says Genpact CEO Pramod Bhasin.
Credited as the the man behind India's burgeoning BPO industry, Bhasin founded Genpact in 1997.
China poses the biggest challenge to India's IT outsourcing industry, which is expected to grow by an average 15 per cent over the next two years, according to the chief executive of India's biggest business processing outsourcer.
Gecis, formerly GE Capital International Services, would open its fifth centre at Salt Lake electronics complex in Kolkata for which the West Bengal government would allot a three-acre plot.
Top IT executives discussed the need for change in the role of boards in IT firms to meet the changing scenario of the IT sector.
India Inc can't trim salaries, but it can give shareholders a little more information on why senior executives are getting such fancy compensation packages.
Infosys chief Kris Gopalakrishnan on Wednesday expressed hope that DTC and GST will be pushed through in the forthcoming budget, while Genpact vice chairman Pramod Bhasin feared economic reforms will be tough going forward.
IT and BPO industry body Nasscom's chairman Pramod Bhasin said the industry faced a 'brutal year in many respects' in the last financial year and the companies and customers were passing through 'extraordinary pain'. As a result, BPO customers are undergoing restructuring, internal and management changes and change of decision-makers, he said at the Nasscom's BPO Strategy Summit 2009 in Bangalore.
US President Barack Obama's proposals to amend the US tax structure since it allegedly encourages creation of ". . . a job in Bangalore, India, (rather) than create one in Buffalo, New York", has made the IT sector in India edgy.
Gecis on Thursday announced acquiring US-based BPO solutions provider Creditek Corporation.
"We are not only looking in India but scouting for acquisitions in the US, China and Europe. But, if pricing goes up, it can be affected."
The National Association of Software and Services Companies -- Nasscom -- on Monday announced the appointment of Ganesh Natarajan, deputy chairman and managing director, Zensar as the chairman of Nasscom for the year 2008-09. Pramod Bhasin, president and CEO, Genpact has been elected as the vice chairman of Nasscom for the current year.
The Business Process Outsourcing companies in India appear to be handling the impact of the global economic crisis much better than IT firms
In 2008-09, the industry grew by over 16 per cent at $46.3 billion.
"We have never done much lateral hiring since we promote from within the company. Given the GE legacy, Genpact has always believed in performance appraisals. This period is no different," says V N Tyagarajan, COO, Genpact.
Genpact on Monday said it has been ranked second in the 'Best Performing BPO' and 'Leaders in Human Capital Development' categories in the Global Services 100 survey conducted by neoIT and Global Services magazine.
GE has already exercised that right in Europe. It could do that here also. There are no free lunches. Not at least in GE. Anyway, for almost 40 to 50 per cent of what we do, there is no competition in India, says Pramod Bhasin, CEO, Gecis.
GE Commercial Finance, an arm of the US conglomerate General Electric, on Monday announced its plan to invest Rs 1,000 crore to expand operations in India.
The company's profit stood at Rs 292.79 crore (Rs 2.92 billion) in the year-ago period.
They are small town boys who went on to make it big in global financial powerhouses.
This will be the first time BJP's prime ministerial candidate holds a discussion with IT, telecom czars.
Free speech is the soul of a great university. By compromising on it, the founders have bartered away its soul, said Rajan.
Vastu Housing Finance is trying to leverage technology to distinguish itself in a crowded space.
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