Archive for March, 2009
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Indian IT majors lose premium valuation over global peers – The Hindu
SOURCE: The Hindu DATE: March 30th, 2009 ARTICLE BL Research Bureau Stock market investors seem to expect that Indian IT majors will deliver lower growth than their global peers. PE multiples of Indian IT companies, which used to be much h
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Accenture Lowers Fiscal 2009 Forecasts; Shares Fall – Bloomberg
SOURCE: Bloomberg DATE: March 27th, 2009 Mohit Soapbox: Accenture which has till the last quarter continued to show a strong face relative to the slowdown it's competitors and Indian vendors were facing seems to have succumbed to the downturn. T
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‘Economic benefits of outsourcing are compelling’ – EXL CEO
SOURCE: DNA DATE: March 28th, 2009 ARTICLE In 2007, business process outsourcing firm EXLService Holdings witnessed an attrition rate of 41%. By December 2008, the rate had corrected to 34%, with headcount at 9,500. However, the Nasdaq-listed fi
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Outsourcing in Economic Crisis– A rebirth or back to its roots ?
March 26th, 2009 I recently read an article on the Times website ( LINK) which made me think about the outsourcing industry and where it is now. The Times article talks about the implications of the recent press release about IBM laying off peop
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Symphony Eyes More R&D Acquisitions in India
SOURCE: CXOToday DATE: March 30th, 2009 ARTICLE Symphony Services, a provider of outsourced product development, which recently acquired four captive R&D centres in India, expects the trend of captive acquisition to gain further momentum.
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Convergys cuts Canadian jobs, adds in Philippines
SOURCE: Business Courier DATE: March 30th, 2009 ARTICLE Convergys Corp. will eliminate 275 jobs at its call center in Winnipeg, Manitoba, while opening three new call centers in the Philippines. The Canadian jobs were eliminated because the c
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Dream run in global boom, shaky in slowdown
SOURCE: The Telegraph DATE: March 21st, 2009 ARTICLE Amar Malhotra (name changed) was a manager with Evalueserve, a global knowledge processing firm, in Noida till last month. The 29-year-old had a six-figure salary. He is jobless now. Malh
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Dear A.I.G., I Quit! – Letter by ex AIG EVP to the CEO – NY Times
SOURCE: New York Times DATE: March 24th, 2009 Click on the article to go to the original posting speically all the comments. The letter showcases the blame game and how AIG , the politicians are going through a media circus and a blame game. A
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IBM to announce layoffs and shift some jobs to India – WSJ
SOURCE: WSJ DATE: March 25th, 2009 According to WSJ , IBM is planning to announce layoffs in their global services unit and shift some roles to India. IBM ss not the only large services firms which are restructuring their US operations. Accentu
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Infosys – Get half the salary and go do something good
SOURCE: Indian Express DATE: March 25th, 2009 Infosys is offering it's top employees an opportunity to take half the salary and go work for a non-profit for an year. Supposedly seven folks have already accepted the offers. It would be interesti
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