Archive for September, 2008

Wachovia deal with Citi and will it impact Genpact ?

Monday, September 29th, 2008 Posted in Uncategorized | No Comments »

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 ... Read more..

Accenture posts strong quarter results

Monday, September 29th, 2008 Posted in Uncategorized | No Comments »

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 ... Read more..

The US bailout plan and impact on offshoring – A grim future ?

Sunday, September 28th, 2008 Posted in Uncategorized | No Comments »

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 ... Read more..

IBM continues to be a leader in domestic Indian IT services market

Sunday, September 28th, 2008 Posted in Uncategorized | No Comments »

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 ... Read more..

HCL and Infosys go after Axon

Sunday, September 28th, 2008 Posted in Uncategorized | No Comments »

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 ... Read more..

US meltdown prompts LPOs to step up hiring

Sunday, September 28th, 2008 Posted in Uncategorized | No Comments »

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 ... Read more..

Tata Consultancy interested in Siemens SIS: Report

Sunday, September 28th, 2008 Posted in Uncategorized | No Comments »

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 the ... Read more..

KPO firms don’t lose heart despite Wall Street woes

Sunday, September 28th, 2008 Posted in Uncategorized | No Comments »

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 ... Read more..

Symphony Technology lines up $900 mn for acquisitions

Sunday, September 28th, 2008 Posted in Uncategorized | No Comments »

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 ... Read more..

G&D opens Pune development centre

Tuesday, September 23rd, 2008 Posted in Uncategorized | No Comments »

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 ... Read more..