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.
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.
Acknowledging India's prowess in information technology, GE Aircraft Engines has said it intended to develop software for digital electronic control systems for helicopter engines in this country as part of its long-term strategy.
Indian HC in UK is planning to outsource its visa application process from this May, to VFS Global.
According to reports, Vodafone NZ had offered all its employees, other than call centre and retail staffers, voluntary severance package
Timex Corp, the biggest selling watchmaker in the United States, said on Thursday it planned to increase its outsourcing of watches and parts from its Indian unit but did not say by how much.\n\n\n\n
What measures does it need to take to surge ahead as the biggest outsourcing hub despite the odds?
Earlier, this relaxation was given to only 'de-capacitated' employees or those who are travelling.
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.
'We will have a strong exit as our third quarter is strong.'
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.
'GenAI has democratised the AI conversation. I do not know of a single client who is not interested in that conversation.'
Forced to part bulk of their earnings with the service providers, mobile gaming companies are finding new ways to increase their share from the downloaded games.
In one of the largest outsourcing deals ever, ABN Amro has signed a Euro 1.8 billion ($2.22 billion) contract with five IT-vendors, including Tata Consultancy Services, Infosys and IBM.
Raising the issue in the legislative council, Leader of Opposition Ambadas Danve said the control of police should be under the state government.
India and Vietnam are vying with each other to woo semiconductor companies to their country. With the tension between the US and China escalating, and Taiwan getting vulnerable both countries are trying to present themselves as alternative destinations for global players. Vietnam, which started the effort as early as 2010, has got a leg-up after US President Joe Biden's visit last month.
India on Tuesday conveyed its concerns to the US on issues like H-1B visa fee hike, export control restrictions and outsourcing ban during a meeting between External Affairs Minister S M Krishna and his counterpart Hillary Clinton in New York.
North American automotive executives have picked India over China as the most popular offshore destination for the migration of business processing activities, according to a new survey.
Information technology services provider HCL Technologies is close to clinching a $1 billion (about Rs 3,950 crore) outsourcing contract from a European telecommunications company.
With global market research biggies like IMS Health and Ipsos already offshoring work to Indian third party companies and others like AC Nielsen all set to invest in a captive unit here, market research is tipped to be the next hot BPO opportunity.
The stock of Dixon Technologies (India), the country's largest listed electronic manufacturing services (EMS) player, was up 6 per cent in 10 trading sessions, boosting the gains over the last three months to 21 per cent. The gains came following reports that Dixon will produce laptops in India in partnership with US and Chinese firms under the production-linked investment (PLI) scheme. It recently signed an agreement to make smartphones for Xiaomi India.
I-T dept to outsource PAN card allotment
Infosys BPO (formerly Progeon) and media company TV18 have entered into a strategic alliance to launch Source18, a media process outsourcing company that will offer a range of services to media and entertainment companies globally.
Logistics infrastructure in India is poor, hindering the 3PL industry's progress.
Growing at a robust rate due to economic reforms in key sectors like digitisation and infrastructure, India has emerged as a star performer and is projected to contribute more than 16 per cent of the global growth, the International Monetary Fund said on Monday. "What we have been observing for quite some time now is that India has been growing at a very robust rate. "It's one of the star performers when it comes to real growth when you look at peer countries.
For the time being, digital lending remains a grey area, notes Tamal Bandyopadhyay.
As the world celebrated International Day of Persons with Disabilities (PwD) on December 3, corporate India has kept up with efforts to make workplaces more inclusive and accessible. Organisations across sectors are taking initiatives such as equipping offices with practical work tools like Braille-friendly and voice-enabled lifts and screen readers. While inclusion has gained pace, only 11.3 per cent (or 3.4 million out of 30 million) Indians with disabilities have jobs.
Operations of public sector banks (PSBs) may be impacted as bank union AIBEA has given a strike call for Saturday to oppose incessant outsourcing of jobs. Although the officers are not part of the strike, there may be some impact on cash deposit and withdrawal, clearing of cheques etc. Several banks, including Bank of Baroda and Punjab & Sind Bank, have already informed their customers about the potential impact on services if November 19 strike materalises.
Wipro is in the news, again. The information technology (IT) services company has mandated freshers, who had opted for a lower salary package of Rs 3.5 lakh per annum, instead of Rs 6.5 lakh per annum, clear a new training module titled Project Readiness Program (PRP) and score at least 60 per cent or stand terminated. Wipro is not the only company to have implemented such a programme.
Britain's apex industry chamber said on Monday that the UK's economy gained £16 billion through offshoring in 2004 and in future more high-end work would move to India.
