Infosys to integrate IT & BPO operations to cut costs, add value

Infosys Technologies is looking at ways of increasing synergies with its BPO arm. In addition to easier movement of executives between the IT and BPO arms, the tech bellweather is also working on integrationand business plans to maximise profits. The knowledge services business unit of Infosys BPO is headed by a former Infosys Technologies executive. So is the vice-president and head of sales of Infosys BPO.Communication, the second-largest revenue earning customer segment for the BPO, is...
Submitted by Sasmita | Rated 0

Telecom companies may need larger workforce

The Indian telecom sector will need up to 150,000 additional hands in 2009,according to job consultants, as new players are launching operations and existing ones are beginning to scale up. With the government having issued 120 new licenses, telecom industry officials fear a talent crunch could push salaries in core operations by up to 30 percent in the next few quarters. "Conservative estimates put the demand from new players at 100,000 people in the first phase. With the rolling out of 3G and ...
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Job market set to bloom as firms plan mass hiring

Indian companies are now gearing up to present job seekers with a New Year gift. Though gone is a year of lay-offs, the 2009 could see a makeover in the job outlook with companies planning to hire more than 2,50,000 new employees over the next months. The industry experts believe that the overall job market scenario is set for a recovery in the second half of the year. However, the proposed 2.5 lakh hiring is mostly for the financial services industry. Public sector banking giants like St...
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Wipro uses viral marketing to reach out to customers

Wipro, the third largest IT exporter in India is making use of viral marketing to reach out to customers, as the company successfully uploaded some of the company videos on YouTube and got many viewers visited the page within one week. The videos are intended to act as a primer to information showed on its website, reported Financial Chronicle. When Wipro uploaded its first video named Penguins and SOA story on YouTube on December 23, about 923 viewers viewed the page within three days. The...
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Over 100,000 people laid off in India`s gems, jewellery sector

Surat: More than 100,000 people have been laid off in recent months by the gems and jewellery industry in India because of the global slowdown in demand and lack of adequate credit, an industry leader said in this hub for the sector in Gujarat. "This is for the first time in four decades that the diamond industry is facing such a severe liquidity crunch," said Mehul Choksi, director of the leading gems and jewellery manufacturer and exporter Gitanjali Group. "Around 100,000 people have bee...
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Overseas business grads target Indian job market

22 Dec 2008 Bangalore: Business graduates from foreign institutes such as the University of Chicago Booth School of Business are seeking opportunities to work in India, at a time when an economic recession is resulting in more job losses and lack of opportunities for them in the US. A group of around 25 students from the University of Chicago Booth, which is the second oldest in the United States, have started a program called India Business Week (IBW) to visit Mumbai, Bangalore and Delhi fo...
Published about 21-12-2008 | Rated 0

ICICI Bank names Chanda Kochhar CEO

Fri, Dec 19: ICICI Bank named joint managing director Chanda Kochhar as its new chief executive to lead the country`s second-largest bank as it battles declining market share, souring bad debts and a tough global environment. Kochhar, 47, who joined ICICI as a management trainee in 1984, had been widely expected to succeed K.V. Kamath, who steps down next April after 13 years during which he spearheaded the bank`s foray into insurance and asset management. Shares in India`s top private-se...
Published about 19-12-2008 | Rated 0

Compact Disc India to invest Rs 309 cr in animation

Mumbai December 18, 2008: Compact Disc India (CDI), an integrated media and entertainment company, today said it will invest $63 million (Rs 309 crore) for animation feature film and multi platform gaming. The board of directors has approved the budget of $63 million for the animation feature film and multi platform gaming, the company said in a filing to the Bombay Stock Exchange. The budget also includes the merchandising of a project with former Brazilian football player Pele, the fi...
Published about 18-12-2008 | Rated 0

After Axon, HCL eyes more buyouts

13 Dec 2008: NEW DELHI: HCL Technologies , which is going to close the largest acquisition by an Indian IT firm, is already considering more buyouts. The country’s fifth-largest IT services firm is interested in engineering services, remote infrastructure management (RIM) and platform-based BPO firms, its CEO said. HCL will acquire UK-based consultancy Axon Group for £441.1-mn ($655 mn) on Monday. “We will acquire (more companies). This (Axon) is one of the acquisitions. We are homi...
Published about 13-12-2008 | Rated 0

JP Morgan in pact with RIL to provide Rs 2,000-crore funding

10 Dec 2008: MUMBAI: Global financial services major, J P Morgan has signed an 11-year agreement with Reliance Industries, to provide $400-million (around Rs 2,000 crore) loan for the latter`s various projects in the country. JP Morgan is acting as the arranger, lender and facility agent for the transaction, the company said in a press statement issued here today. "We expect to see a rapid growth in the demand for US export programmes in the near future, especially for clients seeking ...
Published about 11-12-2008 | Rated 0