Essar Group has concluded the sale of its business process outsourcing (BPO) company Aegis to private equity firm Capital Square Partners for $300 million (₹2,000 crore). The deal was earlier announced on April 3.
Abuse and stress: Study on Indian BPO workers pulls off mask
WNS (Holdings) Ltd, a business process management (BPM) company having two facilities here, is setting up another one in January, adding 500-600 jobs to the existing 1,100.
WNS (Holdings) Limited, a business process management (BPM) company with two facilities in the city, is setting up another one in January, adding 500-600 jobs to the existing 1,100.
A Congressional committee in the US has passed a legislation on Thursday that proposes to hike the minimum salary of H-1B holders from $60,000 to $90,000. While the move has led to worries about the impact on the Indian IT services industry, experts believe it will be a blessing in disguise for Indian techies working…
The Tamil Nadu government’s Enhanced Rural Business Process Outsourcing Policy will attempt to prevent migration of youth from rural areas to cities, and shift the focus of BPO industry to rural areas.
India has once again taken up with the US the problems faced by Indian IT companies in obtaining work visas (H-1B and L-1). In the recent bilateral Trade Policy Forum meeting, Commerce and Industry Minister Suresh Prabhu pointed out to US Trade Represenative Robert Lighthizer the need to ease visa restrictions.
BPO firm Firstsource Solutions said its consolidated net profit has declined 3.5 per cent to ₹68.8 crore for the second quarter ended September against ₹71.2 crore in the year-ago period, Firstsource said in a statement.
It is unfortunate that the entire focus of India-US bilateral trade has come down to discussing the H-1B visa issue, said Harsha Vardhana Singh, Executive Director, Brookings India. He said this was a small issue in the entire gamut of bilateral trade.
In a new directive, US President Donald Trump’s administration has made it more difficult to renew non-immigrant visas such as H-1B and L1, popular among Indian IT professionals, saying that the burden of proof lies on the applicant even when an extension is sought.