Many Western companies that opened centers in India to perform back-office tasks on the cheap have recently sold or closed those facilities, reversing a decade-long trend as companies look to slash costs and eliminate headaches during the recession. Citigroup Inc. and insurance firms AXA SA and Aviva PLC, among others, have sold offshore computer-programming shops [...]
Posts Tagged ‘Generic News’
10 Jun
Western companies closing India back office or captive centers to cut costs in recession times.
10 Jun
Free Anti-Virus Software from Microsoft on the way.
Microsoft Corp is getting ready to unveil a long-anticipated free anti-virus service for personal computers that will compete with products sold by Symantec Corp and McAfee Inc. A Microsoft spokesman said on Wednesday that the world’s biggest software maker is testing an early version of the product with its own employees. Microsoft would “soon” make [...]
10 Jun
'Worldwide IT Industry still growing. Growth slows down for Indian IT vendors.' : Gartner
The IT industry worldwide grew by an estimated 8.2 percent in 2008 because of a good six to eight months of “business as usual” despite the meltdown, though Indian exporters took a beating, leading IT market researcher and consultancy Gartner said. The industry recorded a revenue of $806 billion in 2008 against a turnover of [...]
10 Jun
Layoffs in Indian IT Industry are within acceptable limit of 1%: Nasscom
There have been less than 1 per cent layoffs in the IT industry, so believes the software industry’s apex body Nasscom. According to the organisation’s key executives, there has been no mass lay offs in the Indian IT Inc. This report from NASSCOM seems to be conflicting with the general perception about layoffs. Indian IT [...]
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