| Globsyn looks for firms with BFSI experience | 18-NOV-09 |
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| Globsyn Infotech Ltd (formerly Synergy Log-In Systems Ltd), a comprehensive payment solutions company, is looking to acquire IT/ITeS companies catering to the BFSI (banking, financial services and insurance) space in India or abroad, according to market sources. |
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| Domestic BPO market to quadruple to $6.82 billion by 2013: IDC | 14-NOV-09 |
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| With nearly 500 players, India’s domestic business process outsourcing (BPO) market is set to touch $6.82 billion (around Rs 31,700 crore) by 2013. Registering a compounded annual growth rate of 33.3 per cent from the $1.62 billion (around Rs 7,530 crore) recorded in 2008, says the global market research and analytics company, IDC. |
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| Domestic BPO mkt to touch $6.82 bn by 2013: IDC | 13-NOV-09 |
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| After establishing itself as a major player in the international business process outsourcing (BPO) market, India is now set to shift focus on the domestic market, which is projected to grow at over 30 per cent annually. |
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| Infy to have region-specific plans | 13-NOV-09 |
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| Infosys, the country’s second largest information technology exporter, plans to sharpen its focus on specific segments for select regions as part of its strategy for expansion and servicing of new markets. |
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| Smiles are back on campuses with expectations of more offers | 02-NOV-09 |
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| India Inc’s improving results scorecard for the July-September quarter of 2009-10 is bringing the smiles back on the faces of the students and faculty members of management schools. They believe these companies will be back on the campuses in increasing numbers this year. |
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| Worst may be over for major Indian IT firms | 28-OCT-09 |
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| Notwithstanding the growing concern over an appreciating Indian rupee against the US dollar which could eat into their operating (Ebitda) margins, major Indian IT services providers believe the worst is behind the sector. |
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| Healthy demand outlook | 26-OCT-09 |
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| A revival in the US financial services sector and better cost management would help TCS sustain profitable growth. |
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| Signs of recovery | 12-OCT-09 |
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| Among the bigger companies, Infosys was the first to kick-off the September quarter (Q2) results season and brought some cheer with it. Outsmarting its own Q2 revenue guidance provided earlier by 8.5 per cent to $1.154 billion and upgrading the guidance for the full year indicate were some positives. |
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| India Inc created fewer jobs in 2008-09 | 03-OCT-09 |
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| The banking sector, State Bank of India in particular, has come to the rescue, while software service companies are employing less numbers compared to the previous year. |
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| Mahindra Satyam gives new structure to Europe ops | 03-OCT-09 |
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| IT outsourcing company, Mahindra Satyam, has reorganised its structure following its acquisition by Tech Mahindra and has introduced the ‘two in box’ approach that combines sales and delivery functions into a single integrated business unit to increase account focus, responsiveness, and enhance customer satisfaction. |
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| Cityland to raise $6 mn for realty venture | 24-SEP-09 |
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| The promoters of Cityland Technologies plan to raise $6 million (Rs 29 crore) to fund the expansion plans of the company’s business process outsourcing (BPO) arm Cityland BPO as well as foray into real estate consulting. |
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| A tough test | 21-SEP-09 |
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| While growth prospects appear healthy, there is limited room for upside in the medium-term. |
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| Sigma-Byte to focus on education, goverment sectors | 21-SEP-09 |
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| One of the largest network cabling integrator in the country, Sigma-Byte Computers Pvt. Ltd., launched its network cabling services in Gujarat recently. With its new branch set up in Ahmedabad, the company, in association with Commscope Enterprise Solutions, intends to cater both large enterprises and small and medium businesses (SMBs). |
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| Thinksoft to set up Rs 16 crore unit in Chennai | 19-SEP-09 |
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| Chennai-based software testing company Thinksoft Global Services Limited, which is coming out with an initial public on September 22, is planning to set up a Rs 16-crore facility at the Madras Export Processing Zone here. |
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| TCS BPO sees 45-50% annual growth through new deals | 06-SEP-09 |
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| TCS BPO, accounting for 11 per cent of the revenue of India’s largest information technology services company, Tata Consultancy Services, is eyeing deals in the healthcare, BFSI (banking, financial services and insurance), retail, telecom and media & entertainment sectors in the range of $10-50 million (around Rs 49-245 crore). |
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