8,000 Citi jobs may be shifted to Indian BPOs
Nearly 85 per cent of the 9,500 jobs that Citigroup says it will move to low-cost destinations may come to India.
Citigroup Inc yesterday announced its decision to slash 17,000 jobs, largely in the consumer finance and investment banking business. Sources close to the developments indicate that 8,000 of these could be shifted to India. The [...]
Reliance mobile to deliver Sun TV content
Tamil people across the country can access on their Reliance mobiles content from the Sun group as the leading media house of Tamil Nadu Wednesday joined hands with the telephony service provider.
Sun TV, the 24-hour entertainment channel, will now be visible on all Reliance mobile phones across the country, the two companies said here, adding [...]
Technosoft opens development centre
Technosoft Global Services today announced the opening of its second development centre at the Ascendas International Tech Park here.
The company also plans to launch another facility at the VSI Estate near Tidel Park. This would be operational by August this year, Rajiv Tandon, CEO, told reporters here.
He said the company would be investing close to [...]
Raj TV Network operating profit rises 118%
Raj Television Network Limited (BSE: 532826; NSE: RAJTV), a regional broadcaster and media company, has posted Revenues (unaudited) of Rs. 386.42 million (up 22.64%), an Operating Profit of Rs.183.19 million (up 118%) and a Profit after Tax of Rs. 107.17 million for the financial year ended March 31, 2007. At a meeting held today, the [...]
Virtusa to expand in India, Sri Lanka
Massachusetts-based Virtusa Corp, an information-technology services firm with operations in India and Sri Lanka, plans to raise USD 92 million through a NASDAQ listing.
The company filed for a public issue last Friday with the US Securities and Exchange Commission, a statement said.
The firm hopes to use USD 30 million of the proceeds to fund the [...]
Syntellect Expands International Operations to India
PHOENIX–(BUSINESS WIRE)–Syntellect Inc., a leading provider of Customer Interaction Management solutions, announced today that it is expanding its operations into India, which is fast becoming one of the largest operators of contact centers globally. Syntellect’s newest office, located in Chennai, will initially support Syntellect’s partners in delivering a full range of product offerings for the [...]
Etihad puts India centre stage for growth plans
Etihad Airways is making India the centrepiece of its growth plans.
“India is the cornerstone market for Etihad,” Iain Burns, vice-president of communications, told Gulf News yesterday.
“Both it and the UAE are growing into positions as world-class holiday and business destinations. As the second-fasted growing economy in world, India will demand frequent travel to the Middle [...]
Craft exhibition-cum-sales at Chennai
Crafts Bazaar, an exhibition-cum-sales of a collection of handicrafts and handlooms from various States of the country, is underway at Anna Nagar, Chennai. The show began from Friday.
The exposition was inaugurated by cine actress Kirthi Chawla. The bazaar has artistic items made of Sheesam wood, wood carvings of Gods and Goddesses,a range of wooden kitchenware, [...]
Mogem promotes plant in India
Korea’s handset parts maker Mogem Co. is considering setting up a plant in India, in a move to create synergy with its biggest partner Motorola.
According to industry sources, the Incheon-based midsize company will begin a preliminary on-site inspection later this month in Chennai on the southeast coast of India. The company will likely decide on [...]
US-based SVAM to hire 500 people in India
The US-based SVAM International, a leading IT solutions provider, has said it will hire 500 people for its Indian operations in Noida and Chennai which it started last month.
“The offshore development centre located in Noida augments our delivery capability and serves as a think tank and training facility, delivering cost benefits of over 40 per [...]
