Ex-Infy BPO div head gets life ban

Allen Lam, a former Infosys BPO senior management member, who was asked to leave the company on “ethical grounds” following a six-month jail term this July in Hong Kong on charges of insider trading during his stint with CLSA in 2005, has now been banned from the industry for life by Hong Kong’s Securities and Futures Commission. Lam was with Infosys Technologies as head of its Asia-Pacific BPO business for around two years and reported to Amitabh Chaudhry, whose resignation as Infosys ...
Published about 26-11-2009 | Rated 0

LPO industry to suffer from economic downturn for short term:Report

NEW DELHI: Facing the heat of recessionary pressure, India`s legal process outsourcing (LPO) industry is likely to see a decline in revenue and is expected to reach $440 million dollars (around Rs 2,000 crore) by 2010 end, a report said. According to a report by business intelligence & research firm ValueNotes, global economic downturn has slowed down LPO industry and is changing the service provider`s landscape. "Revenues from the offshore legal services industry were USD 320 million for...
Published about 29-11-2009 | Rated 0

TCS scouting for buyouts in Europe countries and Japan

HYDERABAD: Tata Consultancy Services, which is among India top tech firms, is scouting for buyouts in European countries and Japan with focus on industries like healthcare, according to N Chandrasekaran, chief executive officer and managing director, TCS. The company, which has significant focus on key verticals like financial services and manufacturing, will now also focus on different verticals. “We are planning to accelerate our presence in verticals like retail, aerospace and utilities,...
Published about 29-11-2009 | Rated 0

Mahindra Satyam to appoint 1,000 freshers

Mumbai: IT firm Mahindra Satyam plans to appoint 1,000 freshers by December 15, a top company official said. "The process is on and we will give appointment letters to 1,000 freshers out of the 8,000 selected during campus recruitment by December 15," Mahindra Satyam`s Chief People Officer Hari Thalapalli said. He, however, said that the company might not call all of the remaining 7,000, who got selected during campus recruitment, reports PTI. Asked if employees at Mahindra Satyam have ...
Published about 29-11-2009 | Rated 0

Infosys to buy McCamish

The back-office arm of Infosys Technologies Ltd, India’s second largest software services firm, said it would pay USD58 million to acquire McCamish Systems Llc, a US business process outsourcing (BPO) firm focused on the US insurance industry.The acquisition, which includes a team of 260 people in Atlanta, Georgia, would help Infosys tap business from US insurance companies that have traditionally been reluctant to outsource work to countries such as India, said an analyst. US insuran...
Published about 30-11-2009 | Rated 0

Domestic BPO set for growth

With around 500 firms sending out promotional messages or calling up for bill payment reminders, the domestic call centre market is seen growing 33 per cent per year to top $6.82 billion by 2013, says leading global market research and analytics firm IDC. This apart, the domestic call centre industry, now estimated at $1.62 billion, will also evolve into a third party outsourcing relationships from the existing model where such work is largely done by companies themselves. This implies that r...
Published about 30-11-2009 | Rated 0

LPO industry to suffer from economic downturn for short term:Report

Facing the heat of recessionary pressure, India`s legal process outsourcing (LPO) industry is likely to see a decline in revenue and is expected to reach $440 million dollars (around Rs 2,000 crore) by 2010 end, a report said. According to a report by business intelligence & research firm ValueNotes, global economic downturn has slowed down LPO industry and is changing the service provider`s landscape. "Revenues from the offshore legal services industry were USD 320 million for 2008 ...
Published about 30-11-2009 | Rated 0

Trianz, Vee to create financial services BPO

Trianz, Inc. and Vee Technologies, a BPO services provider based in Bengaluru, have inked an MoU to create a financial services BPO. The Trianz-Vee joint venture (JV) will offer BPO services primarily in financial accounting and transaction processing to customers worldwide, specialising in AR, AP, credit, collections, time and expense management, bank reconciliations, customer/vendor follow-ups and GL maintenance. Trianz provides consulting, information technology and BPO services to clients...
Published about 01-12-2009 | Rated 0

WNS to deliver F&A services to chiquita brands

WNS (Holdings) Limited, a provider of global BPO services, has been awarded a multi-year contract with Chiquita Brands International, Inc. to deliver finance and accounting services. Under this multi-year agreement, WNS will provide finance and accounting back office services to Chiquita`s business entities in North America, Europe and Latin America. The contract with Chiquita marks WNS`s entry into Latin America where the company will look to expand and grow its business. "This agreement wit...
Published about 01-12-2009 | Rated 0

HCL eyes $100 million deals for managing systems

HCL Technologies, which won over $350-million contract from Reader’s Digest earlier this year for managing the publisher’s desktops and servers, sees several $100-million infrastructure outsourcing deals in the pipeline, as more customers seek to send their infrastructure management work offshore. The global IT infrastructure market has been growing exponentially over past few years. The top 15 vendors analysed by Forrester in a recent report provided remote and onsite services for about ...
Published about 01-12-2009 | Rated 0