The seventh annual Nasscom ITES-BPO strategy summit commences in Bangalore on Tuesday.
Companies such as IBM Daksh, Aegis, MphasiS, Intelenet, HTMT Global, Sitel India are also increasing their domestic focus.
High attrition, poor infrastructure and lack of data protection laws could derail India's booming outsourcing industry, the CEO of Indian software giant Infosys Technologies said on Wednesday.
It had come out with an initial public offering (IPO) of 35.3 million common shares, priced at $14 a share, which enabled the company to raise $494 million. The initial market cap is about $2.89 billion.
The Global Offshore Outsourcing Summit 2006, organised by the Indo-American Chamber of Commerce kicked off on Friday at the ITC Grand Central, Mumbai.
The New York Stock Exchange has stolen a march over its rival Nasdaq in India.
IT company Mphasis BFL Ltd has acquired US-based Eldorado Computing Inc, a healthcare insurance business process outsourcing outfit, for $16.5 million in an all cash deal.
Mercury Infocomm's product Auto Vigil comes as a boon to the millions of young girls and women employed in business process outsourcing industry.
Outsourcing is gradually becoming the backbone of Indian service sectors. In the last fiscal India earned $6.7 billion by providing services in software, technology and manufacturing outsourcing.
India's vibrant BPO and knowledge-based sectors may be adversely impacted if the Avian flu turns into a pandemic, Hong Kong-based security and risk management consultancy firm, Hill and Associates, warned on Tuesday.
American legal firms are the latest to join the business process outsourcing bandwagon, tapping Indian talent at one-fourth the cost in the United States much to the benefit of their clients.
The Indian government on Monday said that the booming business processes outsourcing units are covered under the existing labour laws and state governments could deal with violation of laws in the sector.
Syndicate Bank is planning to set up a subsidiary for providing business process outsourcing services.
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Reacting to the red brigade's call for unionisation in the outsourcing industry, IT association Nasscom on Monday said working conditions in the business process outsourcing sector do not warrant formation of unions.
HCL Technologies will be adding 5,000 people to its business process outsourcing division, which now has 10,000 members.
The growth of offshore business process outsourcing industry in the country is likely to further slow down over the next one year amid concerns over data security breach, high attrition rates and staffing costs, rising competition and continuing marg
Daksh eServices is the fastest growing business process outsourcing services provider in India, was adjudged the most satisfying employer in the BPO sector.
Fifteen Chinese companies are in talks with Indian information technology and telecom firms like Tatas, Cosmos and CMC for joint ventures in the sectors.
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