Reuters data centre to house half of global staff by next year
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Reuters, the UK-based global information company for financial services, media and corporate markets, formally opened its new data centre in Bangalore on Thursday.
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The takeover of British media giant Reuters by Canadian rival Thomson Corp will conclude in the second quarter of 2008, the pair said in a statement on Monday.
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In an eyebrow-raising forecast, Gartner researchers said they believe that as many as 50 percent of the IT operational jobs in the U.S. could disappear over the next two decades because of improvements in data center technologies.
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Electronic Data Systems Corp.  EDS.N, one of the world's biggest computer services  companies, is likely to cut up to 20,000 jobs over the next two  years, the company's chief executive said on Thursday.
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Cisco Systems plans to have one-fifth of its top executives in India by 2012, in line with its plan to make India the hub for the development of technologies and new business models for emerging markets.The company expects 60 to 70 percent of its growth to come from emerging markets, John Chambers, the company&#39;s chairman and CEO, said in Bangalore at the inauguration of the company&#39;s Globalisation Centre East campus. The new center will work with partners in the Middle East, Africa, China, Asia, and Latin America on developing technologies for these markets.While emerging markets are growing at between 5 and 10 percent, markets in developed countries are growing at just 1 to 4 percent, according to various estimates, Chambers said.The company&#39;s plan to have senior vice presidents, vice presidents, and directors, cutting across all corporate functions, in India is not aimed at cutting costs, but at nurturing talent in India, said Wim Elfrink, chief globalization officer for Cisco, who also heads the new center.Cisco currently employs about 3,000 staff in India, which it plans to increase to 10,000 by 2010. The new center, which currently has 900 staff, is expected to grow to 3,500 staff by October next year, said Elfrink. Some of the technologies developed in India will be rolled out in other emerging economies, and also in developed countries, he added.Cisco also announced Tuesday a collaboration with Indian outsourcer Satyam Computer Services, of Hyderabad, to focus on software for handling medical distress situations and other health management applications. Cisco plans to take a minority interest in the venture, details of which were not disclosed. Health care is one instance of Cisco&#39;s strategy to use India as base for technology and applications that can be deployed worldwide, Chambers said.The company announced in 2005 that it would&#160;invest $1.1 billion in India&#160;over three years, including $750 million in research and development (R&amp;D), $100 million in customer support, and $100 million in a venture fund. The planned investment is on track, Chambers told reporters in Delhi on Monday.Chambers announced Tuesday that the company was increasing the size of the venture fund by $100 million. The venture fund will be focused on &quot;disruptive technologies,&quot; Chambers said.
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Aviva Plc, the fifth largest insurer globally, will hire about 3,300 more people in India and Sri Lanka by 2007, as part of its strategy to outsource some of its life and non-life services.
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Electronic Data Systems Corp.  EDS.N, one of the world's biggest computer services company,  is likely to cut up to 20,000 jobs over the next two years, the  company's chief executive said on Thursday.
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Microsoft Research Lab India Pvt Ltd, with a dozen scientists and support staff in the first year, will be the third research centre outside the US.
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German maker of car parts and electrical household goods Robert Bosch said it will hire 600 software professionals by next year at its Indian software and engineering centre.
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Reuters journalists are said to be close to striking over the outsourcing of reporting jobs to India.
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Reuters, the news service and data company, which is trying to meet stringent cost-cutting targets, said Thursday it would triple the number of employees it has in India by the end of next year.
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Two gigantic halls, 300 elevators and escalators, and a bill of six billion euros (7.9 billion dollars): future Terminal 5 of Heathrow Airport, whose building site was opened Thursday in west London, must handle 100 million people every year.
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Reuters, the news and financial information provider, said it expects a recovery in its revenues to continue in the first quarter of 2005, although it is still losing clients.
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LONDON Reuters, the news agency and financial-data company, said Thursday that it would triple its number of employees in India by the end of next year, as the company tries to meet stringent cost-cutting targets.
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ST. LOUIS, Dec. 11  /PRNewswire/ -- A net 14 percent of chief information officers (CIOs) in the St. Louis area expect to hire information technology (IT) professionals in the first quarter of 2007, according to the most recent Robert Half Technology IT Hiring Index and Skills Report.
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By the end of the year, the computing giant plans to have its biggest headcount since 1991.
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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.