Archive for September, 2008
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Wachovia deal with Citi and will it impact Genpact ?
www.corrystone.com Wachovia is the next victim of the financial turmoil. The company’s one bad bet on Golden West resulted seems to have resulted in it’s downfall. Wachovia Retail banking, Investment banking and Wealth management will now be o
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Accenture posts strong quarter results
SOURCE: DataMonitor DATE: September 29th, 2008 Mohit Soapbox: Given the grim news everywhere, Accenture seem to show a positive signal. The company has posted strong results and continues to grow it's consulting and outsourcing revenues and grow
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The US bailout plan and impact on offshoring – A grim future ?
www.corrystone.com The weekends for Treasury secretary Paulson and his team continue to be busier than his weekdays. With Congress agreeing in principle to pass a bi-partisan bill to bail out the financial industry in the US , the fed-wall street
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IBM continues to be a leader in domestic Indian IT services market
SOURCE: Press Release DATE: September 28th, 2008 IBM (NYSE: IBM) today announced that it has retained its leadership in the India domestic IT services market andregistered a market share of 9.6% for calendar year 2007, according toleading IT mark
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HCL and Infosys go after Axon
SOURCE: EconomicTimes DATE: September 29th, 2008 Mohit Soapbox: It's liking fighting over a box of chocolate in Hershey's store! It seems fairly stupid to fight over and increase the valuation of a firm when this is a buyers market for companies
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US meltdown prompts LPOs to step up hiring
SOURCE: The Hindu Business Line DATE: September 28th, 2008 ARTICLE At a time when the off-shoring industry is plagued with instances of employee lay-offs, companies providing legal process outsourcing (LPO) services are on a hiring spree as dema
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Tata Consultancy interested in Siemens SIS: Report
SOURCE: EconomicTimes DATE: September 28th, 2008 ARTICLE Tata Consultancy Services, India's top software services exporter, is interested in Siemens' IT Solutions and Services (SIS) unit, a German newspaper said on Saturday. Talks between t
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KPO firms don’t lose heart despite Wall Street woes
SOURCE: Financial Express DATE: September 29th, 2008 ARTICLE The Wall Street collapse will take the most toll on the knowledge process outsourcing (KPO) business in India , according to industry experts, but firms are optimistic that the meltd
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Symphony Technology lines up $900 mn for acquisitions
SOURCE:Business Standard DATE: September 29th, 2008 ARTICLE Symphony Technology Group (STG), the US-based strategic holding company founded by an Indian, plans to invest $900 million (around Rs 4,230 crore) to expand its group firms over the nex
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G&D opens Pune development centre
SOURCE: Finextra DATE: Sept 25th, 2008 ARTICLE Giesecke & Devrient (G&D), one of the world's leading providers of smart-card solutions, is today opening a new Development Center in Pune, India. The center's approximately 80 employees ar
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