The Competition Commission has approved the billion-dollar acquisition of BPO firm Intelenet by French outsourcing firm Teleperformance from private equity major Blackstone.
A Parliamentary panel on Thursday asserted that the government should consider designing a dedicated policy for the country’s BPO industry to chalk out a future roadmap for the sector that generated over $ 30 billion revenues in 2016-17.
A US federal agency responsible for the approval of H-1B work visas has returned all the H-1B petitions that were not selected in the computer-generated lottery system in April.
There has been a substantial increase in denial of H-1B visa petitions of Indians by the US Immigration authority as compared to people of other nationalities, according to a report by an American non-profit body.
French IT outsourcing major Atos’ acquisition of Michigan-based Syntel for $3.4 billion will help the European firm bolster its offshore presence in India — something the company has been aiming at for a long time.
Atos SE agreed to buy Syntel Inc. in a $3.4 billion cash deal to help it get better access to U.S. financial customers like American Express Co. and State Street Corp.
BPO firms Aegis and StarTek on Sunday announced completion of their merger, with the combined entity having revenue of over $700 million and workforce of 50,000 employees across 13 countries, including India.
Aegis, a portfolio company of Capital Square Partners (CSP), and StarTek, both providers of outsourcing and technology services, have announced the completion of a business combination transaction.
Over 20 Indian-origin persons have been sentenced up to 20 years in prison in the US for their involvement in a multimillion-dollar India-based call center scam which defrauded thousands of US citizens of hundreds of millions of dollars.
Mumbai-based business process management (BPM) company WNS on Thursday posted 34.1 per cent growth in profit from $16.7 million last year to $22.4 million for the quarter ended June 30 (in GAAP numbers).