Nomura Agrees to Buy Lehman’s Back-Office Operations in Mumbai

Monday, October 6th, 2008 Posted in Uncategorized | No Comments »

SOURCE: Bloomberg DATE: Oct 6th, 2008 Mohit Soapbox: This is a better fit for Lehman backoffice and good news for the backoffice employees, atleast for now. Given the current market crisis, anything in short ... Read more..

eClerx accepts half of the payment from Lehman as a cure amount

Sunday, October 5th, 2008 Posted in Uncategorized | No Comments »

SOURCE: Business Standard DATE: Oct 6th, 2008 Mohit Soapbox: eClerx managed to get a little over half of the amount due to it from Lehman as part of their settlement. Better that then ... 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..

Amount Lehman owes Satyam, TCS, Wipro

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

Based on bankruptcy filing for Lehman the amount Lehman owes the offshoring firm is not a large amount. Combined, Satyam Computer Services, Tata Consultancy Services and Wipro are owed more ... Read more..

The Fed – the new Wall Street chief and how it could affect offshoring ?

Wednesday, September 17th, 2008 Posted in Uncategorized | No Comments »

September 17th, 2008 msharma@corrystone.com  A number of Wall Street firms have a new boss (or a potential boss) – The Fed. For the AIG employees who till yesterday were wondering if they would ... Read more..

Wipro, Copal mull Lehman BPO buyout – Really ?

Tuesday, September 16th, 2008 Posted in Uncategorized | No Comments »

SOURCE: EconomicTimes DATE: September 16th, 2008 Mohit Soapbox: Seems hard to believe why would a Lehman backoffice without the client be of any interest to firms like Wipro or Copal or anyone for that matter. ... Read more..

BPO captives of Lehman, Merrill,AIG have nervous day

Monday, September 15th, 2008 Posted in Uncategorized | No Comments »

SOURCE: EconomicTimes DATE: September 15th, 2008 ARTICLE The BPO captives of Lehman Brothers, Merrill Lynch and AIG in India had a nervous day on Monday as the parent companies went on a financial ... Read more..

Will Lehman Bros’ bankruptcy hit Indian IT cos?

Monday, September 15th, 2008 Posted in Uncategorized | No Comments »

SOURCE: MoneyControl DATE: Sept 15th, 2008 Lehman Brothers -Captive in Mumbai ( 700 people), Works with TCS, Wipro Merrill Lynch - Captive in Mumbai, Works with Satyam and TCS. TCS and Infosys have ... Read more..