Archive for November, 2008
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Mumbai attacks and the new realities of outsourcing to India ?
November 28th, 2008 The siege of Mumbai over the last three days has exposed the vulnerability of a prime offshoring location within India and how a handful of people with guns and fanatical mindset can shutdown a vibrant city of 20 million people
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Mastek likely to cut 2008/09 revenue forecast
SOURCE: REUTERS DATE: Nov 14th, 2008 Mastek has focused on Europe and seems to be moving to building IP in their offering and building vertical niches in insurance organically and inorganically. ARTICLE Software firm Mastek Ltd (MAST.BO: Quot
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Mercator partners with Infosys to setup a development centre in Chennai
SOURCE: Business Standard DATE: Nov 14th, 2008 ARTICLE Dubai-based Mercator has partnered Infosys Technologies Limited to establish an offshore development centre in Chennai. The centre, to come up on Infosys campus, will develop and maintain
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BT job cut news sends India’s tech stocks reeling
SOURCE: International Business Times DATE: Nov 14th, 2008 ARTICLE Stock prices of India's major IT firms went reeling, Friday, on news that British telecoms giant, the BT Group Plc. will reduce its workforce by 10,000 employees in its attempt
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End of the Indian outbound story? – Business Today
SOURCE: Business Today DATE: Nov 13th, 2008 ARTICLE October 2006: Tata Steel offers to buy British steelmaker Corus Group for $8.1 billion. November 2006: Brazilian rival CSN makes a counter bid of $8.4 billion. January 2007: Tata Steel
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Is India IT industry really safe ?
DATE: November 11th, 2008 Indian IT industry is safe: NASSCOM Reading a recent press statement by NASSCOM will make you believe that all is well in the IT world and the downturn will not affect the IT industry. It seems like the IT industry d
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Bupa appoints Patni to provide managed service
SOURCE: CBR Online DATE: Nov 9th, 2008 ARTICLE Bupa, a healthcare organization, has appointed Patni Computer Systems, a provider of IT and business process outsourcing services, to provide a managed service for its core business applications. The
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CommBank brings in Indian technology consultants TCS
SOURCE: The Australian Business DATE: Nov 12th, 2008 ARTICLE COMMONWEALTH Bank has called in an Indian outsourcing firm to work on its $580 million project to replace its core technology systems. But it said it was not forced into the position
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Satyam to buy Motorola’s software unit in Malaysia
SOURCE: EconomicTimes DATE: Nov 11th, 2008 ARTICLE City-based Satyam Computer Services has decided to acquire US mobile maker Motorola’s software development centre (SDC) in Malaysia. Satyam will absorb the centre’s 128 employees and take
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Loss-making Genworth won’t impact us, says Genpact CEO
SOURCE: EconomicTimes DATE: Nov 10th, 2008 Mohit Soapbox: Genpact released their earning last week and was one of the few bright spots in terms of their earnings and re affirmation of their full year guidance. They do have a few troubled clients
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