Moser Baer found that its outsourcing deal with a US company was the source behind its ascent by 1.8% to Rs 242.90 on BSE in early trades on Wednesday.
Indian CEOs are to be now offered the choice of outsourcing all or part of their managerial responsibilities for a specified period.
'Currently, 81 per cent of all reserved tickets are booked through e-ticketing.'
This is the third instance when outsourcing of key oversight jobs by global banks to India has come under the regulatory scanner abroad for ineffective controls against suspicious financial transactions.
India has the potential to become a major hub for outsourcing computer games, according to a leading IT specialist.
Strawberries, rum, whipped cream and more -- what better way to welcome Valentine's Day?
Industries in Punjab are facing an acute shortage of labourers, most of whom come from other states. In spite of revising the wages of labourers, be it unskilled, semi-skilled or highly skilled, they have found it difficult to solve the problem.
Procurement of food grains is the new sector where outsourcing is soon going to get a foothold.
Faced with a nationwide strike by bank employees, the government on assured that proposed outsourcing would be implemented only under a well defined policy.
A large number of management schools in the country have begun outsourcing the process of student placements to human resource consultants. Traditionally, B-schools have an in-house placement team, headed by a faculty member. Several B-schools, on condition of anonymity, confirmed they had hired HR consultancies to find jobs for their students. Many of them also plan to have the agencies help out with placing their students as interns with companies.
Bank unions on Monday requested Prime Minister Manmohan Singh to allow resumption of large scale recruitments in public sector banks and disallow outsourcing in the sector as it would affect job opportunities.
It has apparent "negative connotations" in some mature markets such as the US.
The World Bank would outsource over $10 million IT work to India in the next 12 months through its existing Indian partners, Nasscom
This year, MindTree improved from 68th in 2007 and has been ranked 54th, while also being named one of the 20 best companies by services offered in the category of product research, development and manufacture. The list is published in May 5 issue of Fortune magazine. Winners were chosen through an evaluation process that considers four key criteria -- size and growth in revenue, employees, development centres and countries served customer experience.
Following the footsteps of call centres, data processing and accounting firms, lawyers in Canada have begun outsourcing legal work to India.
US President Barack Obama and Vice President Joe Biden on Wednesday went full blast against Republican presidential nominee Mitt Romney, accusing him of outsourcing American jobs to countries like India and China.
There is lot of potential in chip designing and solar energy going forward
The deal structure is expected to be similar to the Infosys recent announcement of acquiring three global offshore centres from Philips along with getting an outsourcing deal.
With India's communication needs outstripping neighbours', companies are finding it easier for campaigns to be either based out of or outsourced to Indian agencies.
"What has changed in the last two quarters is that the markets have improved and deals are coming back. We see more deal-flows," Infosys' CEO and managing director, S Gopalakrishnan, told reporters on the sidelines of a CII meet in Mumbai on Wednesday.
In what is the largest ATM outsourcing deal in the country, Axis Bank has entered into an agreement with two third-party service providers to increase its ATM count to more than 9,000 within the next 18 months.
The government has cleared US-based chip maker Micron's project to set up a semiconductor test and packaging unit worth USD 2.7 billion in the country, according to sources. The approved project is expected to create 5,000 jobs. "The project was cleared about a week back," a source said, confirming details of the project.
He said Congress would push Madhya Pradesh back into the BIMARU (laggard) category if given an opportunity again.
The move by Reliance Communications to outsource its IT requirements would result in an upfront cost savings of around $200 million (Rs 900 crore), with the company seeking a guarantee to this effect from the vendors.
MPO is Market Process Outsourcing. It is a new one in the alphabet, if you can call it that! After running the marketing divisions of various companies for more than 20 years, I felt there was a big gap.
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