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Home -> Finance -> News

NATIONAL
Outsourcing is inevitable, says Colin Powell
Observing that outsourcing was inevitable in the 21st century, US Secretary of State Colin Powell today (March 16, 2004) said India should undertake trade reforms that would offset job losses in his country due to business processing outside but maintained there was no quid pro quo.

Indian call centres are the world's best: Expert
The Indian call centres, particularly those in Bangalore, are comparable to the best in the world, an author of a new book on outsourcing has claimed.

HP launches e-service bazaar in B'lore, Mumbai & Delhi
Global IT major Hewlett Packard (HP) today (Mar 16, 2004) launched its mobile e-service bazaar, which is an incubator for wireless technology applications in three locations in the country - Bangalore, Mumbai and Delhi.

We've paid taxes, but want to set a precedent: Infy
Software major Infosys Technologies today (Mar 16, 2004) said it is in discussions with consultants on the California tax issue while maintaining that "either way" it would have minimum impact on the company.

Infineon to double headcount in its Bangalore centre
Infineon Technologies India Pvt Ltd plans to double its headcount in its Bangalore centre to about 400 this year, a top company executive said today (Mar 16, 2004).

BSE: Downtrend continues in the stock market
The sensex opened sharply lower at the stock exchange today (Mar 16, 2004) in line with marked to moderate falls in the Index based counters following sustained selling by operators.

INTERNATIONAL
'Outsourcing to US encompasses its BPO imports'
Despite the outcry over outsourcing of jobs to India and other developing countries, the latest US Government data suggest that foreigners outsource far more office work to the country than American companies abroad.