Infosys mentor N R Narayana Murthy said on Monday there was no need for Indian IT industry to be apolgetic or shy about US outsourcing curbs during President Barack Obama's visit to the country next month.
Rivals like Cognizant Technology Solutions Corp and Infosys Ltd have also sharpened focus on the healthcare sector
An analysis of 64 large deals awarded at the start of the decade reveals that more than half witnessed some restructuring or renegotiations.
The Indian IT sector, which gets 60 per cent of its export revenue from the US, on Wednesday said the move by the state of Ohio to ban outsourcing by government departments to offshore locations like India is discriminatory and amounts to a trade barrier.
Infosys BPO Vice President Ramit Sethi has joined Wipro BPO as Senior Vice-President-Knowledge Services and Capital Markets.
'We are also conducting ongoing training and grooming at the branch level to pre-empt such cyberattacks.'
In its rise to the top of the voice-based BPO business, the Philippines has brought a great deal from the Indian industry but has also learnt from its mistakes.
Every young diploma and degree holder in the country will have the right to apprenticeships in the private and government sectors, he said.
China is promoting its information technology outsourcing sector as a rival to the market leader, India. The figures, however, paint a different story.
Big Indian IT companies, heavily reliant on the US market and eager to diversify, have intensified efforts to crack continental Europe.
Australia's leading bank, St George's Bank has said it is sticking to its decision to send 76 computer services jobs to India due to competition.
Market regulator in talks with SBI Caps, UTI Infra for scrutiny and auction of properties.
Global software and services major Tata Consultancy Services is in the last stages of finalising a multi-million outsourcing contract with the International Monetary Fund. Under the deal, the IMF will offshore some of its back-office work
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.
Senior BJP leader Arun Shourie on Monday accused the United Progressive Alliance government of "outsourcing" the country's foreign policy to the United States in the wake of industrialised nations (G-8) putting curbs on full nuclear cooperation with countries like India.
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.
Wipro Infotech on Friday announced its largest IT outsourcing deal in India.
The opposition to outsourcing of jobs to low-cost locations is intensifying further in the UK with a large majority of Britons saying no more jobs should be moved abroad.
The outcry in the UK over outsourcing of jobs to India has largely settled as unions have understood that it would lead to efficiency of British companies resulting in more jobs, British MP Stephen Pound said in Kolkata. \n
'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.'
.jpg)
The Reserve Bank on Monday warned lenders against outsourcing their credit processing activities to third-party entities.
Eg Solutions, a financial service software company based in Staffordshire, has announced that it has recorded a pre-tax profits of 56,000 pounds in the six months to the end of July, compared to a loss of 810,000 pounds in the preceding half year.
Industry leaders say President-elect Obama will be good for enhanced US-India commercial ties.
After going through a series of mergers and acquisitions, Mindteck, a Bangalore-headquartered IT services company, is looking to consolidate its various businesses which will see more work being moved offshore, to locations in India.
Under a memorandum of understanding signed in New Delhi by Jim Albaugh, President of Boeing Integrated Defence System and HAL Chairman Ashok K Baweja, the Indian defence PSU, will manufacture subsystems for Boeing's wide range of fighter planes like F-15, F-18 Super Hornetts and Apace Helicpoters.
New Delhi has categorically told the United States that attempts by some American states to ban outsourcing has evoked adverse political and public reaction in India.
The aircraft maker expressed support to Modi's 'Make in India' initiative
Global rating agency Moody's Investors Services plans to partially outsource certain services including monitoring of mutual funds of Europe and emerging economies, from Indian rating agency ICRA.
The scope of services includes the suite of IT infrastructure and applications across the enterprise.
