NATIONAL Shop Direct pulls back project from OneSource
Bangalore: India's leading BPO firm ICICI OneSource today (Jan 29, 2004) confirmed that UK-based Shop Direct had withdrawn a trial assignment from its Bangalore call centre, and attributed it to "strategic internal changes" at the UK firm and not because of quality.
Economy is 'going well' in India: World Bank
New Delhi: Observing that economy was "going well" in India, which has large internal markets, the World Bank said today (Jan 29, 2004) that growth had to be labour oriented, even as it expressed concern over the mounting fiscal deficit.
Progeon-Hazell offer integrated outsourcing options
Bangalore: Progeon Ltd, the BPO subsidiary of Infosys Technologies, today (Jan 29, 2004) said it has formed a strategic alliance with UK-based BPM firm Hazell Carr to offer customers in the life and pensions market in the UK an integrated onshore/offshore outsourcing option.
Myanmar may award oil exploration block to India
New Delhi: Myanmar is likely to award at least one offshore oil and gas exploration block and refinery revamp projects to Indian firms, even as New Delhi is exploring the possibility of piping the huge gas reserves discovered in offshore Myanmar earlier this month.
Infosys, Microsoft, Intel join hands in Philippines
Bangalore: Software and consulting major Infosys Technologies today (Jan 29, 2004) announced that its banking business unit is partnering with Microsoft Philippines, a division of Microsoft Corporation, and Intel Microelectronics Philippines Inc, to provide industry-leading e-banking solutions to banks in the Philippines.
HealthScribe to make India a hub; to recruit 500
Bangalore: US-based outsourced medical transcription company HealthScribe Inc will make India a hub to get into other services taking advantage of high-quality offshore capability, and recruit 500 people in the country this year.
'Don't undermine free market by curbs on BPO'
Washington: The US-India Political Action Committee (USINPAC), a lobby of Indian-Americans, which seeks to bring India and the United States closer, yesterday (Jan 28, 2004) urged fellow Americans to keep their faith in the free market they espouse and not to undermine it by curbs on outsourcing.
RIL net profit up 27 per cent at Rs 1,374 crore
Mumbai: Reliance Industries Ltd (RIL) has posted a 27 per cent rise in net profit at Rs 1,374 crore in the third quarter ended December 31, 2003 on a turnover of Rs 18,864 crore, up 21 per cent from that posted during the same period of the previous fiscal.
