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.
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.
An analysis of 64 large deals awarded at the start of the decade reveals that more than half witnessed some restructuring or renegotiations.
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.
Infosys BPO Vice President Ramit Sethi has joined Wipro BPO as Senior Vice-President-Knowledge Services and Capital Markets.
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.
Market regulator in talks with SBI Caps, UTI Infra for scrutiny and auction of properties.
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.
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
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.
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
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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.
'We will have a strong exit as our third quarter is strong.'
'GenAI has democratised the AI conversation. I do not know of a single client who is not interested in that conversation.'
Industry leaders say President-elect Obama will be good for enhanced US-India commercial ties.
The presence of an engine maintenance, repair, and overhaul (MRO) facility in India could have prevented Go First airline from going "belly up", as sending engines abroad for servicing is not an efficient way to operate a carrier, Piyush Srivastava, senior economic advisor, Ministry of Civil Aviation, said in a statement on Tuesday. On May 3, Go First suspended its flights and filed for insolvency, squarely blaming engine manufacturer Pratt & Whitney (PW) for its cash crunch. The airline claimed that about half of its 54 aircraft were grounded on May 3 due to a delay in the supply of engines by the US-based company. PW has denied the charges.
IT major Accenture's second straight cut in its revenue growth forecast for FY23 suggests there is more pain ahead for the Indian IT sector, say analysts. Accenture has lowered the top end of its FY23 growth guidance in constant currency (CC) to 9 per cent from 10 per cent earlier. The firm, which follows a September-August fiscal cycle, expects a 2-6 per cent CC growth in Q4 of FY23 (June-August 2023) versus the 6-10 per cent prior guidance.
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.
The aircraft maker expressed support to Modi's 'Make in India' initiative
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.
According to reports, Vodafone NZ had offered all its employees, other than call centre and retail staffers, voluntary severance package
The scope of services includes the suite of IT infrastructure and applications across the enterprise.
As India has kept out of the multilateral agreement on public procurement, it may find it tough to contest in the WTO the US state of Ohio's ban on offshore outsourcing by government departments, experts said.
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.
Democratic presidential contender Hillary Clinton who is opposed to outsourcing has said that America should create jobs that cannot be exported to foreign countries, including India and China. Banking on her Rebuild American plan, she is confident of creating over 3 million jobs, mostly in the construction sector, over the next decade. She also wants to create a $50 billion strategic energy fund to invest in alternative energy, green energy.
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