UPDATE: Reuters Chooses India As Hub For Global Data Ops
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NEW DELHI (Dow Jones)--Publishing Thursday joined the list of industries tapping into India&#39;s outsourcing boom, with global business news provider Reuters Group PLC (RTRSY) announcing plans to turn Bangalore into a hub for its data operations.
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BANGALORE, INDIA - Veritas Software's research and development (R&D) center in Pune, India, will soon be the company's largest worldwide, according to a company executive.
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Xerox has won several new document services deals and updated its content management and workflow software. HSBC has selected Xerox to provide document services in its Brazil and UK offices that will include
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Investor's Business Daily - A mix of low-cost labor and high-quality software and services has proved a bonanza for outsourcing firms in India, sending American rivals IBM  , Accenture   and others scrambling to cash in.
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DHL, the world's leading express and logistics company, has completed its global IT operations structure with the opening of its third information technology services centre in Prague, Czech Republic.
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Offshore outsourcing&#39;s reigning champion, India, squares off against its upstart rival, China, on software quality, staff costs, advanced business skills and more. We also figure in a few top of mind questions for the IT manager who&#39;ll be traveling to his company&#39;s offshore provider once a quarter: Can I get a decent cup of coffee, and how long will I actually be on the plane?
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News and information provider Reuters says it plans to make Bangalore its biggest information-gathering centre, basing 10% of its workforce there.
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Financial news and information provider Reuters Group Plc said on Thursday it plans to make Bangalore its biggest information-gathering hub, employing up to 1,500 people, or 10 percent of its total workforce.
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(InfoWorld) - Indiaâs largest outsourcer Tata Consultancy ServicesÂ (TCS) has set up a global delivery center in Guadalajara, Mexico, with plans to hire up to 5,000 staff there over the next five years. Having a center in Mexico helps TCS, of Mumbai, as it will be closer to U.S. customers and on a similar time zone, said Pradipta Bagchi, a spokesman for TCS said on Thursday. The South American market also provides a significant opportunity for TCS because of a large number of regional companies investing in information technology and related services, Bagchi said. TCS currently has about 5,000 employees in South America, which service over 150 clients there. It operates global delivery centers in Brazil, Mexico, and Uruguay, besides a business process outsourcing (BPO) services center in Chile. Indian outsourcing companies are grappling with the appreciation of the Indian rupee against the U.S. dollar, andÂ rising labor costs. Indiaâs National Association of Software and Service Companies (NASSCOM) has said that the 8 to 9 percent appreciation of the rupee over the last three months is worrisome. The U.S. is the largest market for Indian outsourcers. TCSâ expansion in Mexico led to speculation that the company may be looking for alternative locations to India. Staff in India is still cheaper than in Mexico, and the company has no plans to scale down its operations in India, Bagchi said. A number of Indian companies have set up operations in South America and Eastern Europe to offer a near-shore option to their customers in the U.S. and Europe. Indian companies are also expanding in other countries to look for new talent pools, as it gets tougher to hire staff in large numbers in India. Satyam Computer Services, an outsourcer in Hyderabad, said last year it wasÂ expanding in China, Malaysia, and other locations to tap regional markets and supplement its Indian operations. TCS and Indiaâs second largest outsourcer, Infosys Technologies, have alsoÂ set up operations in China. China has, however, fallen short of expectations as an offshore location, according to Forrester Research. Two years ago, China was viewed as a key challenger to India because of its large number of engineering graduates and the support of the Chinese government to establish it as a key offshore location, Forrester said. But after an initial burst of momentum, there has been relatively little evidence of the countryâs success, the research firm added. TCSâs new center at Mexico will primarily offer software development, Bagchi said. The center will serve clients in Mexico and in the U.S., he added.
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MUMBAI, NOVEMBER 1: India Inc is stepping up acquisitions abroad. In its latest shopping abroad, Tata group firm Videsh Sanchar Nigam Ltd (VSNL) has signed an agreement to buy Bermuda-based Tyco Global Network
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Infosys Technologies, India's second-largest software firm, has said it will be included on the Nasdaq-100 index, putting it among the biggest listed tech companies in the world.
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India's Kerala state to build a technology-friendly city for global investors.  Also: Intel continues its expansion in the Indian city Bangalore & hellip;. Sirius Satellite scores a hard-charging CEO & hellip;. and more.
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NEW DELHI -- Software maker Infosys Technologies Ltd. was set to become the first Indian company to join an elite Nasdaq grouping when the US stock exchange opens for trading today.
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How does offshore outsourcing's reigning champion, India, compare against China on software quality, staff costs, and more?
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Reuters (NASDAQ:RTRSY)(LSE:RTR) and IBM are collaborating to make it  simpler for financial markets customers to integrate Reuters core  software platform, the Reuters Market Data System (RMDS), with IBM  WebSphere Software.
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BANGALORE, INDIA - MicrosoftÂ is setting up a research lab in Bangalore, India, that will focus on areas including computing technologies for emerging markets, according to a company executive.
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Research and Markets (http://www.researchandmarkets.com/reports/c50445  ) has announced the addition of Indian Media Market 2007 to their  offering.