India Inc on Tuesday described the United States President Barack Obama's announcement to punish American firms by levying high taxes on their outsourcing business as 'protectionist' and a retrograde measure that, it said, will hurt the US companies.
Every young diploma and degree holder in the country will have the right to apprenticeships in the private and government sectors, he said.
Nortel Networks, which has so far outsourced R&D worth Rs 1,000 crore from India over the past 5 years, is planning to increase its product research development work locally in the core areas of switching and enterprise voice.
While most companies in developing countries that export to the west are worried about protectionism, the stakes are high for India's outsourcing industry.
'We are also conducting ongoing training and grooming at the branch level to pre-empt such cyberattacks.'
TCS, Infy, Wipro among those that have bagged a five-year deal.
Companies can save thousands of dollars by outsourcing the development of custom-software projects to low-cost, offshore locations such as India and China, say researchers.
The growth of India's IT outsourcing sector, which contributes to about 25 per cent of the country's total exports, is expected to slow down sharply this year following a drop in demand due to the global financial crisis, India's software industry lobby predicted.
The company will expand operations by middle of 2006.
Firstsource will provide a suite of BPO services covering both voice and back-office in areas such as customer accounting, VAS provisioning, fraud and credit monitoring, the company said on Wednesday. The company will also set up centres in Vashi and Chennai for Airtel and expects to have over 1,000 employees in the first year focussed on providing services in English and eight other regional languages to Airtel's customers.
British domestic intelligence agency M15 is facing allegations of outsourcing the torture of Pak-origin Britons to Pakistan's Inter Services Intelligence, after the accused were detained during counter-terror operations in that country. Human rights groups and British Parliamenterians called for an investigation into allegations made by four such British citizens of Pakistani-origin. They also asked the British government to explain steps taken against torture.
'His prestige would have been enhanced by a show of mea culpa and not diminished,' says Amulya Ganguli
The exclusive club that dominates the global semiconductor fab scenario is about to get a new member. Taiwan, South Korea, and China control nearly 70 per cent of the global capacity. SEMI, the global industry body for semiconductor and electronics design and manufacturing, projects all fabs collectively will churn out 30 million wafers a month this year.
Matsushita Electric has decided to outsource colour televisions from India to countries in the Middle-East, Singapore, Australia and a few African nations.
Fresh from his victory over Hillary Clinton to clinch the Democratic party nomination to the White House, Obama said the country must invest in the research and innovation to create jobs and industries. Observing that America's challenges on economic front cannot be overcome by building 'protectionist walls', Obama said the country needs to focus on improving plight of the middle-class and investing in education.
Issuing a slew of directions, a bench of Justices S Ravindra Bhat (since retired) and Aravind Kumar asked the central and state governments to pay Rs 30 lakh as compensation to the next of kin of those who die while cleaning sewers.
Indo-US trade and economic relationship is a two-way process and not heavily tilted towards any one.
'We are developing infrastructure on the mountains and deploying the troops on hill borders in such a way that it is ensuring the safety of the people there.'
CPI (M) politburo member Sitaram Yechury has outsourced the planning of the Member of Parliament Local Area Development Scheme in West Bengal to IIM-A students. Students will be involved closely with the constituency's role in the National Rural Employment Guarantee Scheme (NREGS) and Sarva Shiksha Abhiyan. 4-5 students will work on this project and will be guided by faculty advisors. This project will enable students to understand the working of government and public policy.
The controversial legislations in several American states, including New Jersey, banning outsourcing of state contracting of services would be legally valid under the WTO's General Agreement on Trade in Services, according to US legal experts.
The uproar against outsourcing work to Indian IT service providers has risen once again as Nielsen Co, the media company which signed a $1.2-billion outsourcing deal with Indian IT services provider Tata Consultancy Services last October and is facing strong criticism for announcing it, would lay off 117 workers this month at its largest global technology centre in Oldsmar, Florida. It has 1,700 employees at this facility.
The deal is designed to boost efficiency and further enhance customer service and aims to ensure scalable, flexible and resilient IT support for the fast-paced roll out of new network infrastructure to keep up with the rapid growth in Vodafone Essar's customer base.
The remote infrastructure management outsourcing market is likely to exceed $8 billion over five years, according to a report released by the Everest Research Institute.
He alleged that the Congress was 'deceiving' the people over the issue of reservation, while the agitators were lining up for poll tickets.
TCS has bagged a Rs 784 crore outsourcing order from Sun Life Financial of Canada.
India on Tuesday said that several actions taken by the US with regard to offshore outsourcing and other trade issues are "not welcome at all".
Playing to the gallery on the hot button issue of outsourcing in his acceptance speech, Obama kept up with the rhetoric on the subject that has been a staple of Democratic campaigning and went on to spell out what he would do as President on the front.
Rivals like Cognizant Technology Solutions Corp and Infosys Ltd have also sharpened focus on the healthcare sector
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