Price-WaterHouse (PW) has won a significant struggle with capital markets regulatory body, Securities and Exchange Board of India over Satyam Computer Ltd.’s falsification of funds, which led to a scandal in 2008. Read more
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Although the deal is expensive, Britain’s Serco plans to acquire Indian outsourcer, Intelenet, for approximately $634 million. This will be an initiative to drive growth into overseas market that has high-growth. Read more
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According to an online article in CFO.com, outsourcing benefits not just large firms but smaller ones too. Nitish Grover of GLG Research looks at how outsourcing is climbing and the hurdles that it faces, particularly in India. Read more
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More and more people in the U.S. are now asking the question, “Is it possible for my job to be outsourced?” Read more
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According to published reports, Tata Technologies has put into effect plans to employ 400 engineers at its technical facility near Detroit. This hiring expansion will collaborate with new auto manufacturing that is ongoing in the U.S. and Canada, reports breitbart.com. Tata Technologies is a Tata Motors subsidiary.
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The buzz from the Infosys lawsuit last year seems to be flaring up again. After Jack Palmer, an Infosys consultant alleged that the outsourcing giant requested that he ink documents stating that company employees were traveling to the U.S. to participate in meetings. This implied that these Infosys employees were not working during their stay in the U.S.; this was seen as a means of bypassing the stringent H1B visa laws. Read more
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Despite a lag in the economy, Indian outsourcing service providers are riding a wave of increased revenues according to reports for the latest quarter. The recession brought on a decreased demand for IT outsourcing, particularly as companies decreased discretionary spending. Read more
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According to an article in IDG News, Satyam, India’s infamous outsourcing giant is on the rebound from a corporate scandal. The company’s net profits and revenue are reportedly up from Q3 ending in December 2010. Read more
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Reports say that outsourcing giant, Wipro, has made changes to its outsourcing management. The move comes on the heels of its profit growth report that revealed less net profit than its competitors. One company that releases earnings earlier was rival, Infosys. Read more
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In most of my blogs I mention somewhere that outsourcing to India from the US and other countries will continue till the time it makes economic sense for businesses to outsource. Proposed legislation against it would not work for the simple reason that businesses are not run on election time contingencies, but are based on the cold facts of efficiency and cost effectiveness. The recent non passage of President Obama’s protectionist legislation may or may not have been foreseen by perceptive analysts, but outsourcing would have continued unabated even if it had been passed. Read more
Written by Vipin Labroo · Filed Under Outsource Blogs | 3 Comments
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