Nasdaq-listed Cognizant Technology Solutions has signed a definitive agreement to acquire global engineering company Belcan for about $1.3 billion (Rs 10,853.7 crore) in cash and stock. The transaction is expected to close in the September quarter. The total consideration includes $1.19 billion (Rs 9,935.31 crore) in cash and 1.47 million Cognizant shares, valued at $97 million (Rs 809.53 crore) based on the information technology services provider's closing share price on June 7, 2024.
A majority of Indian companies expect an increase in their IT outsourcing investment over the next two years as they are looking at reducing operational costs and improving business performance, a study has said.
Obama on Wednesday won a second term in office overcoming a stiff initial challenge from his Republican challenger Mitt Romney.
'Those trying to use these funds for quick gains should avoid them due to risk of being late to the party.'
Indian IT companies have played a big role in making US companies more competitive and have created more jobs than taking them away.
Net inflows were $18.4 billion for the rolling 12-month period ended January 2024 compared to $32.7 billion for the rolling 12-month period ended January 2023.
Countries that adapt to change and are on the cutting edge of IT innovation will come out of the recession stronger than before. Any number of countries could emerge stronger but that's up to their governmental leadership and the strength of their IT industry.
The six-year Q3 contract for outsourcing contact services to IBM's Managed Business Process Services unit would involve augmentation of Airtel's sales, customer service, and back office capabilities, an IBM release said. services covering both voice and back office in areas such as customer service, collections, customer retention and the like to Airtel Platinum customers from its centres.
Addressing an event in New Delhi, Gen Pande also said the recent global developments have underscored that the security of the nation can neither be outsourced nor be dependent on the largesse of others.
Amid increasing calls for protection of American industries and banning outsourcing of IT services to countries like India, China and Brazil, Chairman of the US Federal Reserve Alan Greenspan.
Pakistan is likely to do better than India in capturing the global Educational Services Outsourcing market, which is estimated to grow by 90 per cent in the US alone in next ten years.
Paul Coby, director of information technology at John Lewis, believes the outsourcing model of moving people or the entire IT system to a third-party vendor is no more valid and vendors need to be partners with the customer.
The United States has said that it does not oppose outsourcing of jobs but would like an opening of markets in India to provide more jobs to Americans.
The government on Monday told the Rajya Sabha that the United States has assured that it would not approve opposition to business outsourcing to countries like India brought in through legislations by New Jersey
Foreign companies have begun outsourcing new media work such as online reputation management, data mining, influencer identification and crisis management directly to small and mid-sized Indian social networking agencies. This is even as big agencies continue to sub-contract work to smaller agencies in India.
In the event of the BJP's poor performance in the assembly polls this year and in early 2025, Modi's hold will get further weakened because he will no longer remain the invincible electoral persona tightly controlling the machine at his disposal, asserts Nilanjan Mukhopadhyay.
Many British companies outsourced work to India where costs were low.
As per the outsourcing partnership agreement, Firstsource would manage Barclays' operations center in Colorado Springs and would provide customer care and collection support to its US cardholders, Firstsource Solutions said in a filing to the Bombay Stock Exchange.
Like their western counterparts, Japanese firms should leverage India's outsourcing prowess or they could end up losing international competitiveness, the Japan Forum on International Relations said in its report -- India's Leap Forward and Japan.
Multinationals continue to view the country as one of the most viable outsourcing destinations, but competitive pressures are making other countries look attractive.
Here comes a trend that presents great opportunities for the country's legal eagles.
Advances in technology could render much of the Indian IT services industry obsolete.
Certain changes in the past two or three years could have a long-term structural impact on the IT services market.
Infosys Technologies and BT have won the National Outsourcing Association award for Innovative Outsourcing Project. The field optimisation suite (FOS) jointly developed by BT and Infosys Technologies Ltd bagged the award for the year 2007.
Outsourcing is just no more about cost savings but also companies' accessibility to right talent and geographic expansion, a latest survey on business outsourcing revealed.
Senator Hillary Clinton, front-runner for the Democratic presidential nomination, has apparently become a trifle defensive on the controversial issue of outsourcing
Hero Corporate Service Ltd chairman Sunil Kant Munjal said the foray is a part of the company's plan to 'unlock opportunities and deliver value' in the country's booming service sector.
The move, first announced in March 2014, is expected to generate net annualised cost savings of $175-200 million once fully implemented.
According to a PTI report, in the latest '2012 Global Outsourcing 100', compiled by the International Association of Outsourcing Professionals, three Indian firms have found a place in the top 10, with Accenture heading the list.
According to reports in the Canadian media, iGate was allegedly using temporary foreign workers to replace the bank's existing staff.
