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Top companies like Lloyds fill UK jobs with foreign imports - just don’t tell the customers…
Fri, 03 Jul 2009 10:36:07 +0000
Consultant Capgemini is shipping in cheap foreign labour to Telford to work on sensitive government projects as a way of getting around contractual agreements to keep the work in Britain.
Meanwhile, the Daily Mail has also discovered that Lloyds Banking Group has secretly outsourced work to India, and is so scared about its clients finding out [...]
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Reliance Retail looks to buy Henkel’s two soap brands
Tue, 30 Jun 2009 10:00:00 +0000
Mukesh Ambani’s Reliance Retail has put in bids to acquire two of Henkel India’s soap brands, a sign of the big ambitionsit has in the fast-moving consumer goods (FMCG) business. Any deal for the male deodorant soap Aramusk and Moloy sandalwood soap, put up for sale late last year, is estimated to be worth [...]
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IT cos expanding in Latin America
Mon, 29 Jun 2009 09:30:09 +0000
Driven by customer demand, Indian IT firms such as TCS, Infosys, and Patni are enhancing their ‘near-shore’ delivery capabilities in Latin America.
This would also help them explore the emerging markets in the region.
Last week, TCS opened its seventh Latam delivery centre at Queretaro, Mexico, where Patni Computers also chose to locate its first centre that [...]
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Indian firms acquire 143 US companies, create 30,000 jobs
Thu, 25 Jun 2009 10:44:35 +0000
Indian companies made 143 acquisitions across various sectors in the United States over the last two years, bailed out many companies on the brink of closure and created some 30,000 jobs, according to a seminal new study.
In 2007-08 alone, 94 deals between the range of $0.8 million and $1,005 million were concluded with the disclosed [...]
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Indian outsourcing trainees feel heat of recession
Wed, 24 Jun 2009 09:35:37 +0000
Saritha Rai visits Infosys’s giant Mysore training centre to gauge how outsourcers are using education to maintain their edge in challenging economic times.
Just before nine o’clock every morning, thousands of twenty-somethings stream across an expansive landscaped campus - past the Domino’s Pizza, the 24×7 library, the official merchandise store - and into large classrooms. A [...]
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