Archive for August, 2009
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BPO companies valuation in India down 45%
SOURCE: CNBC DATE: August 28th, 2009 A number of Indian BPO - captives and pure play are up for sale. More..
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TCS sees 30 to 100 million dollar revenue from BP deal
SOURCE: Wall Street Journal DATE: August 26th, 2009 Tata Consultancy Services Ltd. (532540.BY) expects $30 million to $100 million in annual revenue from its recently won outsourcing deal from BP Plc (BP), its chief executive said Friday. More
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Accenture to lay off 7% senior staffers in the US
SOURCE: EconomicTimes DATE: August 22nd, 2009 Accenture continues to trim their bottomline and manage cost in times when consulting revenues growth seems flat. Firms which have cost to trim continue to do that assuming the worst. Accenture is loo
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Genpact looking to buy 50% stake in WNS
SOURCE: EconomicTimes DATE: August 19th, 2009 Genpact, the country’s largest pure-play BPO, is in the race for acquiring Warburg Pincus’ 50% stake in WNS Global Services, pitting itself India's top 10 BPOs against global private equity (PE) i
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Avaya GlobalConnect outsources IT operations to TCS
http://www.cxotoday.com/India/News/Avaya_GC_Outsources_IT_Services_to_TCS/551-105658-908.html
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Cognizant comes to Phoenix
Cognizant to offer BPO services from Phoenix. Looks like this is to service one of their clients in healthcare which would have asked Cognizant to provide nearshore facilities. http://www.business-standard.com/india/news/cognizant-to-offer-bpo-ser
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Mphasis to buy AIG Captive in India
SOURCE: The Hindu DATE: August 14th, 2009 In yet another deal involving firms selling their captive units to vendors, AIG Systems, the India based outsourcing arm of AIG will be bought by mPhasis. The center in India has around 800 people in Kolk
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PSI Data now Aditya Birla Minacs IT
Aditya Birla group has conslidated their IT group - PSI Data with their BPO arms Aditya Birla Minacs. Looks like the group is planning to leverage a single brand name under the Aditya Birla Minacs namebrand and might look to rationalize costs acros
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S and P to shift analytical jobs to India
SOURCE: EconomicTimes Date: August 14th, 2009 S & P looking to shift more high end jobs to India. S & P has a 25% stake in the firm Crisil. A team in Crisil supports S&P by providing outsourcing services. More..
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Sequoia buys stake in eClerx
DATE: August 14th, 2009 SOURCE: IndiaInfoLine Sequoia has bought 6% stake in knowledge processing firm eClerx. More...
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