NATIONAL US warns of 'backlash' if trade barriers continued
Kolkata: High tariff barrier in India was affecting growth of Indo-US trade resulting in trade deficit in favour of the former, the US Consul-General in Kolkata, George N Sibley, said on August 6.
Offshoring is the next big wave in IT: Trivedi
Bangalore: BPO and IT solutions firm iGate Corporation co-founder Ashok Trivedi has relocated to
India from Pittsburgh in the US to leverage the offshore potential of the country.
Corio to ramp up its B'lore centre strength to 100
Bangalore: US-based enterprise Application Service Provider (ASP) firm Corio Inc, which set up its
offshore centre in Bangalore in May, plans to ramp up its strength to over 100 by the year end.
Kotak Mahindra Bank to go live on Nucleus' Cash@Will
New Delhi: Nucleus Software on August 6 announced that it's Cash@Will solution will be the collection and payment module for cash management service for Kotak Mahindra Bank's operations. Cash@Will, a cash management solution, will provide multi-location connectivity to Kotak and act as a front-end to all the corporate customers of the bank.
ITI in Rae Bareilly, Bangalore to close down
Bangalore: Battered by huge losses, public sector telecom equipment major in India, Indian Telephone Industries Limited (ITI) said on August 5 it plans to close down the Rae Bareilly plant, having a workforce of 5,000, soon and also offer voluntary retirement service (VRS) to at least 3,500 to 4,000 employees in the current financial year.
