Despite tsunamis, outsourcers stay in Chennai
136309
Indian outsourcing companies that have operations in Chennai, one of the locations on the southeast coast of India that was hit by tsunamis on Sunday, have decided to stay in the city.
326835
For many people along India's Tamil Nadu coast, stepping into a boat is key to getting back on their feet.
542706
Thousands of tsunami victims  on India&#39;s remote Andaman and Nicobar archipelago are still  living in temporary shelters almost three years after the  devastating December 2004 tsunami washed away their homes.
167321
India&#39;s largest outsourcer, Tata Consultancy Services, Wednesday reported strong growth in revenue and profit, despite earlier concerns that the&#160;Indian outsourcing industry would be badly hit by a weak dollar, and a crisis in the U.S. subprime mortgage market.
364079
Sunil Raman hears the story of a student who survived being swept out to sea in Tamil Nadu, despite being unable to swim.
614407
In a new wave of the global outsourcing of services, personal chores are moving offshore, and this is leading to some daunting challenges, both economic and cultural.
177337
Close on the heels of the&#160;appreciation of the Indian rupee against the dollar, Indian outsourcing companies are grappling with a new problem -- uncertainty among U.S. companies about a recession has made these companies delay finalizing their IT budgets.As a result many large deals between U.S. clients and Indian outsourcers will not be finalized in the first half of this year, said Sudin Apte, senior analyst and country head for India at Forrester Research.Business will however pick up for Indian outsourcers by the fourth quarter, particularly if the U.S. economy is in mild recession, Apte said.&quot;Our experience is that if the IT budgets of U.S. customers are marginally impacted in a recession, then there is an increase in business offshore, to cut costs,&quot; Apte said. If the cuts are too large, whole projects can however get canned, he warned.The U.S. is the largest market for Indian outsourcers.&quot;We believe that the recessionary nature of today&#39;s economic climate will promote the adoption of increased outsourcing,&quot; said Siddharth Pai, a partner at outsourcing consultancy firm, Technology Partners International Inc. (TPI) in Houston, Texas.TPI does not as yet see a cut in either discretionary or non-discretionary spending on IT by companies.Forrester said Monday that the IT services and outsourcing market will increase by 4 percent this year to $162 billion from a growth rate of 6 percent a year earlier.&#160;The research firm forecast slowing growth this year&#160;for purchases of IT products and services in the U.S.National Association of Software and Service Companies (Nasscom), a trade organization in Delhi, however remains optimistic about the growth of India&#39;s outsourcing industry. The industry is optimistic of achieving its target of $60 billion in software and services exports by March, 2010, the association said Monday.In the fiscal year to March 31, the industry expects export revenues of $40.3 billion, up by 29 percent from export revenue in the previous year.Problems for India&#39;s outsourcing industry could get however compounded as its customers abroad have seen a drop in overall satisfaction and a drop in value for money from offshore outsourcing to India, according to a Forrester survey. India is still preferred as an offshore destination because it is the only country where foreign companies can&#160;hire staff in the thousands, Apte said.
166040
Visiting Indian delegation gets earful from U.S. workers dislocated by outsourcing.
412870
Two days after a tsunami battered  Indian Ocean coastlines, hundreds of foreign tourists are still  missing or unaccounted for.
471618
(InfoWorld) - Indiaâs outsourcing industry continues to do well despite theÂ appreciation of the Indian rupeeÂ against the U.S. dollar and higher staff costs. Indiaâs second largest outsourcer, Infosys Technologies, Wednesday revised slightly upwards its revenue forecast for its fiscal year to next March 31. The company said it expects revenue to grow by 29 to 31 percent during the year to between $4 billion and $4.05 billion. Infosys, of Bangalore,Â said in AprilÂ that it expected its revenue to grow by 28 to 30 percent to about $4 billion during the year. The company, which is listed both on Indian and U.S. stock exchanges, has however revised downward its revenue forecast in rupees, to take into account the appreciation of the rupee. Indiaâs software and services exports areÂ projected to growÂ by 26 to 29 percent to about $40 billion in the fiscal year to next March 31, India's National Association of Software and Service Companies (Nasscom) said this month. The countryâs revenue from exports of software and services and business process outsourcing (BPO) grew 33 percent to $31.3 billion in the fiscal year to last March 31, according to Nasscom in Delhi. The appreciation of the Indian rupee against the U.S. dollar pushes down rupee realizations for revenue earned abroad by Indian companies, even as staff costs in India are going up. The U.S. is the largest market for Indian outsourcers, accounting for about 66 percent of export revenue. Indian outsourcing companies seem to be holding out well against the pressures. Infosys of Bangalore has maintained its net margins despite the rupee appreciation, higher wages, and costs of visas to the U.S., the company said Wednesday, while announcing its results for the quarter ended June 30. iGate Global Solutions, a mid-size outsourcer in Bangalore, also said Wednesday that it had nearly doubled its operating margins in the quarter over the same quarter last year, despite a stronger rupee, on account of higher rates from customers, higher utilization, and increased use of offshore delivery of services. In the quarter ended June 30, Infosys posted revenue of $928 million up by 40.6 percent over the same quarter last year. The company's profits for the quarter were $263 million up by 51 percent from the same quarter last year. Infosysâ results are in compliance with US GAAP ( Generally Accepted Accounting Principles). The company added 35 new clients and 3,730 employees during the quarter taking the total number of employees as on June 30 to 75,971. Infosys plans to hire 26,000 more staff during the current fiscal year. Infosys and other Indian outsourcers compete with multinational services companies such as Accenture and IBM, which have set up offshore services delivery centers in India to take advantage of the lower cost of staff in the country. There is, however, enough business going around for both Indian and multinational companies, according to Indian outsourcers. The crunch comes in relation to hiring new staff. Wipro, Indiaâs third largest outsourcer will be announcing its results for the quarter next week.
571637
Kenyans face challenges as they play catch-up in the global explosion of outsourcing, an industry that India and other countries have turned into major job generators.
673355
AMBALANGODA, Sri Lanka -- Asia's tsunami disaster dealt sharply different fates to those along the coasts, depending on how far they lived from the shore.
328327
Standing amid broken concrete slabs and twisted tin roofs, B. Appa Rao says the tsunami may have wrecked his house in Andaman and Nicobar islands, but that isn't the only reason for his misery.
432667
Indian outsourcing companies have to move beyond low-cost services on an hourly-rate basis to offering complete services, according to an outsourcing consultancy.
62743
India's vital outsourcing industry, which relies heavily on the Internet, struggled to overcome supply disruptions Thursday after damage to undersea cables in the Mediterranean.
335697
The city of Hyderabad in the southern Indian state of Andhra Pradesh has attracted a number of large multinational companies to set up software, services, and product development operations. The city, which has the headquarters of Indiaâs fourth largest outsourcer, Satyam Computer Services, also has facilities of other Indian outsourcers, and multinational technology companies like Microsoft and Oracle.
404190
South Asia is a long way from Pittsfield, but many area residents still want to help in the wake of Sunday&#39;s devastating earthquake and tsunami, which, as of yesterday, had