India is likely to capture 56 per cent share of offshore business process outsourcing business by 2006 with the demand for BPO services increasing at an annual growth rate of 50 per cent during 2004-06
Rating agency ICRA has picked up a 33 per cent stake in Online IndiaCapital.com, a Mumbai-based promoter of MutualFundsIndia.com, even as it is planning a special purpose vehicle for setting up a business process outsourcing unit.\n\n\n\n
One Bangalore bandh sent shock waves through the call centre industry, bringing forth so may queries from clients, that chances are the political class will in future decide never to have bandhs, says Subir Roy.
Leading third party business process outsourcing player Daksh eServices Pvt Ltd plans to hire 900 people during the year to ramp up its total headcount to over 4,500, a top company official said on Friday.
HCL Technologies surged on Monday after the company said that it has won a BPO order worth $160 million from British Telecom.
An additional 68 million women could potentially enter the labour force over the coming decade.
Essar Global Fund, the Ruia company that invested $1.3 billion in telecommunications, towers and business process outsourcing over the years, made $6.5 billion, a five-fold return, when it flipped these businesses, according to discussions the group has had with merchant bankers.
The business process outsourcing market in India is all set for a robust growth in the next five years with a potential to capture at least 30 to 40 per cent share of the emerging $550-$700 billion global BPO market, says Nasscom.
The former Infosys business process outsourcing head's visiting card for his recently launched start-up, Antworks, says he's the 'chief everything officer'.
In the quarter, Cognizant's revenue grew one per cent over the past quarter in North America.
In Hyderabad, it plans to hire in the areas of finance accounting, transaction processing and technology, among others
India CMD Ramkumar Ramamoorthy clarified Cognizant would continue hiring, and that the earlier job-cut announcement was but a small one, considering the company had around 290,000 employees globally.
Nokia, that has already begun manufacturing of 5G equipment at its Chennai plant, is also readying for exporting the products to several key markets like the US.
In another senior-level exit from Infosys, Humberto Andrade had quit as head of the company's Latin America business process outsourcing (BPO) operations to join rival Capgemini.
TCS is setting up a large BPO operation in Varanasi next year, some staff could be absorbed there
'If (by the end of the deal) the talent that owns the customer relationships is not there, will L&T still get the value it is looking for?'
The firm now has employee strength of 344,691.
The Mumbai-based firm is on a cost optimisation drive through outsourcing of network management services and call centre operations.
The prime minister said the country would give befitting response to every terrorist.
The placement season has brought in positive cheer for students at the IIT Kharagpur this year.
Currently, the West Asian banking group has three branches - in Mumbai, Hyderabad and Kochi.
Amarinder expressed concern over problems faced by farmers living in border areas and called for an increase in central compensation to them to ensure effective and stronger border management.
Stating that the forthcoming elections will delay the reform process and hurt growth, international rating agency Moody's on Monday said it expects growth to pick up to only 5.5 per cent in FY15.
Sectorwise, oil & gas and BFSI (banking, financial services and insurance) witnessed the maximum year-on-year growths of 27 per cent and 17 per cent in December 2014.
The centre in Riyadh will be staffed by Saudi females and will start by catering to Saudi Aramco and GE as anchor clients.
In the last couple of months, the IT and BPO space has seen a big uptick in M&A activities, with companies merging with other entities to become bigger players.
Other than Gujarat, Odisha and West Bengal, call centres would come up in Assam, Manipur, Tripura.
Business Processing Outsourcing (BPO) and Knowledge processing Outsourcing (KPO) firms are covered by the retirement fund body EPFO, Parliament was informed.
With clients increasingly looking at cost optimisation by passing on the risks to the IT vendors and IT services players demanding longer tenure deals to hedge their risks, a mix of these two factors are giving rise to large deals coming up in the market with a lot of strings attached.
The first phase of integration is already over
At the minimum price of $16.50 a share, the BPO giant would buy back at most 1.82 bn shares, or about eight per cent of its outstanding common shares as of February 28.
Infosys, India's second largest information technology (IT) services company, is likely to book an impact of less than $1 million (Rs 6 crore) due to the financial irregularities in the accounts of its business process outsourcing (BPO) arm, which led to the dismissal of the unit's chief financial officer, Abraham Mathews earlier this week.
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