Outsourcing

  • US shutdown: How it will affect India October 5, 2013

    The Democrats and Republicans failing to agree on President Barack Obama's signature healthcare law left thousands of federal workers on furlough and museums and national parks across the country closed. The political impasse entered its fifth day on Saturday raking up concerns regarding the impact of the shutdown around the world....
  • Canada's RBC outsourcing work to iGate: Report April 8, 2013

    Toronto: Canada is investigating a report that its largest bank is using temporary foreign workers hired by outsourcing company iGate, which has most of its operations in India, to effectively replace existing staff, a situation the government said it would not accept. A Conservative government minister revealed the probe on...
  • In this term, Obama will be 'no more Mr Nice Guy' Surya Gangadharan January 22, 2013

    CNNIBN's foreign affairs editor Surya Gangadharan joined IBNLive readers for an interaction on Obama's new agenda in his 2nd innings. Q. In his "Seize the moment Together " Session, will he be able to steer the sinking economy to safer waters. One feels if economy is settled, one Huge victory for...
  • I don't think Obama will do anything in favour or against outsourcing in the IT sector: Pramit Pal Chaudhuri January 21, 2013

    Barack Obama sworn in for his 2nd term: What can India expect? Foreign editor of Hindustan Times Pramit Pal Chaudhuri joined IBNLive readers for an interaction on the issue. Q. As the ISAF guys are looking at a major Afghan pullout in 2014, leaving only a few thousand boots on...
  • Man outsources his own job to China January 17, 2013

    New Delhi: A US computer programmer outsourced his own job to China for a fifth of his salary while he spend his shift whiling away watching cat videos on YouTube and surfing Reddit and eBay. This was reported in a blog post by a computer forensic investigator at Verizon Business,...
  • China names Infy in key liaison service outsourcing December 19, 2012

    Bangalore: China has named Infosys in the list of 100 Key Liaison Service Outsourcing Companies, making the IT major the only Indian company to get this recognition. Infosys was included in the list as a result of its wellrounded portfolio of capabilities, exemplary performance and strong growth in China, the...
  • Indian outsourcing failure blamed for $2.3 bn loss by UBS trader November 27, 2012

    London/Zurich: Key controls for "detection of suspicious trading activity" failed at an India outsourcing unit, contributing to $ 2.3billion loss caused by a rogue trader of global banking giant UBS, a joint probe by British and Swiss regulators has found. This is the third instance when outsourcing of key oversight...
  • India IT outsourcing growth seen at lower end of forecast November 12, 2012

    Mumbai: India's $100 billion software and services outsourcing sector is likely to meet the lower end of the growth outlook for this fiscal year, an industry lobby group said as customers tread cautiously on technology spending due to global economic uncertainty. The National Association of Software and Services Companies (Nasscom) had...
  • India IT hopes for easing of Obama's antioutsourcing stance November 8, 2012

    New Delhi: India's outsourcing chiefs crossed their fingers that Barack Obama would take a less hawkish stance on the industry during his second term, as they cheered his reelection as a possible boost to the US economy. Obama sharpened his rhetoric against industries that move jobs out of America during his...
  • India Inc congratulates Obama, but concerned about IT industry November 7, 2012

    India Inc welcomed the reelection of Barack Obama as the President of the US but there are some concerns in the IT and outsourcing industry. However, the Indian government said that it looks forward to stronger IndoUS ties. Obama was reelected for a second term on Tuesday and said in his...
  • 'Obama win not best news for IT outsourcing industry' November 7, 2012

    Bangalore: The reelection of US President Barack Obama is not the best news for IT outsourcing industry, according to CEO of iGATE, Phaneesh Murthy. "Not the best news for India or the IT outsourcing industry. However, we need to understand how much of the election rhetoric continues into 2013 and...
  • Open to large acquisitions, says Infosys CFO September 4, 2012

    Bangalore: Indian IT outsourcer Infosys Ltd, which has long said its comfort size for acquisitions is up to 10 per cent of its own revenue, is open to bigger deals given the right opportunity, a top executive said. "Whatever size it is, if it makes strategic sense, if we feel we...
  • As offshoring grows, banks grapple with oversight August 11, 2012

    Mumbai: Global banks that ship increasingly sensitive and sophisticated work overseas to save costs will be forced to step up oversight of back office operations after industry scandals point to lapses involving offshore units in India. What started a decade ago as call centres staffed by young Indians faking Western accents...
  • StanChart Iran row puts focus on India outsourcing August 7, 2012

    Mumbai: The New York banking regulator's accusation that Standard Chartered Plc hid $250 billion in transactions tied to Iran may bring fresh scrutiny on the outsourcing of sensitive functions by global financial institutions, especially to India. Standard Chartered lost $16 billion in market value on Tuesday as its shares plunged after...
  • Infosys second in IAOP Global Outsourcing 100 List July 24, 2012

    Bangalore: Infosys on Monday said it has secured second position in the "2012 Global Outsourcing 100 List" compiled by International Association of Outsourcing Professionals (IAOP). Infosys was recognised for its excellent performance across all four survey assessment categories, including size and growth, customer references, organisational competencies,...
  • Republicans block measure to curb job outsourcing July 20, 2012

    Washington: Republican lawmakers in the United States Senate have blocked a legislation backed by President Barack Obama that would cease tax incentives to the Americans companies that outsource jobs overseas. The bill fell four votes short of the 60 needed to bring it to debate, with 42 voting against it. Immediately...
  • Little Q1 growth seen for TCS, Infosys July 12, 2012

    Bangalore: Uncertainty about spending by US and European clients in a weak global economy will likely weigh on the earnings of Indian outsourcers, dampening hopes that demand will pick up in the second half of the year. India's $100 billionayear information technology and backoffice outsourcing industry earns about threequarters of its...
  • Infosys likely to pare revenue growth forecast July 9, 2012

    Bangalore: Uncertainty about spending by US and European clients in a weak global economy will likely weigh on the earnings of Indian outsourcers, dampening hopes that demand will pick up in the second half of the year. India's $100 billionayear information technology and backoffice outsourcing industry earns about threequarters of its...
  • Australia to assess Indian outsourcing standards July 4, 2012

    Melbourne: A team of Australian Prudential Regulation Authority (APRA) will visit India later this year to evaluate standards of Indian service providers amid their growing role in overseeing back office functions for the country's largest four banks. A report quoted an APRA spokesman as saying that all new and existing outsourcing...
  • Fourth largest US bank to move jobs to India soon June 24, 2012

    Mumbai: Even though the US is in the election mode and is under the antioutsourcing Obama administration, the fourth largest lender there by assets, Wells Fargo has decided to move an unspecified number of jobs to India, as part of its plan to trim cost. "As part of our efforts to...
  • Obama flays Romney for shipping jobs to India June 23, 2012

    Washington: Seizing a news report that a company founded by Mitt Romney shipped American jobs to countries like India and China, President Barack Obama went into attack mode against his likely Republican rival. "Today it was reported in the Washington Post that the companies his firm owned were pioneers in the...
  • Address concerns of IT industry: India to US February 8, 2012

    Washington: India on Tuesday expressed hope that the current economic woes in the US would not lead to protectionism and said that concerns of the Indian IT industry over antioutsourcing measures announced by President Barack Obama recently will be addressed quickly. Foreign Secretary Ranjan Mathai on his first bilateral visit to...
  • Antioutsourcing move will hurt India, US: Pranab January 31, 2012

    Chicago: The antioutsourcing measures US President Barack Obama announced last week are unacceptable and will hurt both American and Indian economies, Finance Minister Pranab Mukherjee has said. Talking to mediapersons at the end of a twoday visit to Chicago, Mukherjee said outsourcing of jobs had helped increase the profitability of American...
  • Protectionism will hurt both US, India: Pranab January 30, 2012

    Chicago: Worried over the adverse fallout of protectionism, Finance Minister Pranab Mukherjee said on Monday if the US stops outsourcing jobs to India, profitability of both the economies will be hurt. "...if US stops outsourcing jobs from India to some extent profitability of the economies will be affected," Mukherjee told reporters...
  • Obama's address on terrorism, outsourcing and Iran January 25, 2012

    US President Barack Obama listed out the achievements of his first term, topping that list the improved state of the economy and the end of the America's most wanted terrorist Osama bin Laden. ...
  • It is time to focus on insourcing: Obama January 14, 2012

    Washington: US President Barack Obama on Saturday said that it was time to focus on "insourcing" and not on outsourcing, which takes jobs outside the country. In the coming weeks, Obama said, he would bring in policies that would discourage outsourcing and would provide incentives to companies that bring back jobs...
  • US Bill on outsourcing cause of concern: India December 22, 2011

    New Delhi: India on Thursday expressed concern over the proposed US Call Centre Bill but said that it is premature to assess the impact of the decision on the domestic IT industry. A bipartisan bill has been tabled in the US House of Representatives to make companies that move call centres...
  • 11 reasons why the West should outsource Christmas to India December 22, 2011

    Since 1984, a company called PNC has been doing the PNC Christmas Price Index by tracking costs of items mentioned in the folk song The Twelve Days of Christmas. Though lighthearted, it does its research seriously and gives important insights. For instance, when it first started, goods were more...
  • US bill aims to choke call centres in India December 21, 2011

    Houston: A bipartisan bill has been tabled in the US House of Representatives to make companies that move call centres overseas ineligible for grants or guaranteed loans from the federal government, a move aimed at stemming the tide of jobs heading to nations like India. Introduced by Rep Tim Bishop and...
  • Outsourcing no more an irritant in IndoUS ties November 9, 2010

    New Delhi: The question of outsourcing has been a constant irritant between IndoUS economic ties. The issue came up for discussion when Prime Minister Manmohan Singh met US President Barack Obama at Hyderabad House in New Delhi. Following the meeting Singh said, "India is not in the habit of stealing jobs...