MAY 7 2012: IGATE REMOVES
PATNI FROM BRAND NAME
iGATE
Corporation today announced its new brand name as 'iGATE'. The name
'Patni,' representing Patni Computer Systems Limited, a majority owned
subsidiary, has been removed from its brand identity.
Unveiling the brand, Phaneesh Murthy, CEO, iGATE said, "I have always articulated that Patni, being a family name, is difficult to protect in several of our markets. This brand change is in line with our vision of 'one company' that will follow the successful delisting offer process of Patni with the Indian stock exchanges."
Unveiling the brand, Phaneesh Murthy, CEO, iGATE said, "I have always articulated that Patni, being a family name, is difficult to protect in several of our markets. This brand change is in line with our vision of 'one company' that will follow the successful delisting offer process of Patni with the Indian stock exchanges."
MAY 6 2012 INDIA REMAINS LEADER IN BPO SEGMENT: GOVERNMENT
Despite
the rise of Philippines in the outsourcing sector, India remains the leader
with estimated revenue of USD 15.9 billion from the segment in 2011-12,
Minister of State for Communications and IT Sachin Pilot said in Parliament.
"As per Nasscom, in the BPO segment, revenue of Philippines is increasing but India continues to be the leader with revenue of USD 15.9 billion (estimated) in 2011-12 as compared to USD 14.2 billion in 2010-11," Pilot said
According to a report by research firm Gartner, Indian entities engaged in BPO are seeing more traction and visibility overseas, especially with their flexibility to wide range of offerings for customers.
MAY 4 2012 GENPACT INCREASES ANNUAL
REVENUE GUIDANCE TO $1.9 BILLION
India's
largest BPO Genpact on Wednesday increased its annual revenue guidance to
$1.9 billion, buoyed by sales from Netherlands-based Accounting Plaza which it
acquired last month.
Annual revenues for Genpact are now expected to be in the range of $1.86 - $1.90 billion this year, increased from the earlier prediction of $1.84 - $1.88 billion. "We expect to add at least $24 million from Accounting Plaza to our sales," said N.V. "Tiger" Tyagarajan, Genpact's President and CEO.
Genpact's first quarter revenues rose to $435.5 million, up 32% on the back of increased revenues from the capital markets vertical, which it added last month.
Annual revenues for Genpact are now expected to be in the range of $1.86 - $1.90 billion this year, increased from the earlier prediction of $1.84 - $1.88 billion. "We expect to add at least $24 million from Accounting Plaza to our sales," said N.V. "Tiger" Tyagarajan, Genpact's President and CEO.
Genpact's first quarter revenues rose to $435.5 million, up 32% on the back of increased revenues from the capital markets vertical, which it added last month.
MAY 32012 TCS OVERTAKES RIL
AS COUNTRY'S MOST VALUED FIRM
Tata
group firm TCS today replaced Mukesh Ambani-led Reliance Industries as the
country's most valued company in terms of market capitalisation, as investors
rallied behind the shares of the IT giant.
At the end of today's trade, Tata Consultancy Services (TCS) commanded a market value of Rs 2,48,116 crore -- higher than Reliance Industries' Rs 2,43,413 crore.
While RIL shares fell 0.25 per cent in an overall lacklustre market, TCS shares rallied smartly by 1.83 per cent on robust buying interest among the investors.
At the end of today's trade, Tata Consultancy Services (TCS) commanded a market value of Rs 2,48,116 crore -- higher than Reliance Industries' Rs 2,43,413 crore.
While RIL shares fell 0.25 per cent in an overall lacklustre market, TCS shares rallied smartly by 1.83 per cent on robust buying interest among the investors.
MAY 2 2012 BPO FIRM FIRSTSOURCE EXTENDS SKY PARTNERSHIP; TO EXPAND OPERATIONS
BPO company
First source today said it has extended its partnership with UK's entertainment
and communications company Sky, for outsourced customer service management.
"The contract will see us expand our existing UK operations into two further sites in Belfast and Cardiff in addition to First source’s established centre for Sky in Londonderry which employs over 1,000 staff," the company said in a statement issued here.
The companies had entered partnership 10 years ago, and are part of Sky's objective of improving customer service and delivering better shareholder value.
"The contract will see us expand our existing UK operations into two further sites in Belfast and Cardiff in addition to First source’s established centre for Sky in Londonderry which employs over 1,000 staff," the company said in a statement issued here.
The companies had entered partnership 10 years ago, and are part of Sky's objective of improving customer service and delivering better shareholder value.
MAY 3 2012: UK BASED SERCO GLOBAL SERVICES STARTS BPO CENTRE IN BARODA
Serco
Global Services, the BPO division of Serco, an FTSE 100 international services
company today announced the launch of a new delivery centre at, Kankavati
Atrium in Baroda.
The
centre will have an initial capacity of 300 seats, employing over 500 staff in
direct white collared jobs and is expected to generate two to three times
indirect employment. This facility is slated to double the capacity in the next
six to nine months. The centre will offer services to clients in the
telecommunications, utilities and banking industries.
Serco
is already present in Mumbai, Pune, Aurangabad the new center will augment its
footprint in the western region. The introduction of a centre in Baroda is in
line with Serco's strategy of growing in non-metro locations.
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