NEW DELHI: A Parliamentary panel today 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 USD 30 billion revenues in 2016-17
Global private equity firm Blackstone will invest $275 million to acquire a majority stake in TaskUs, a US based customer service and business process outsourcing services provider for technology companies. The investment, before funding, values TaskUs at more than $500 million.
NEW DELHI: External Affairs Minister Sushma Swaraj on Thursday said that India will raise the issue of changing H1B visa norms with the US at the 2+2 dialogue scheduled to be held on September 6 in New Delhi.
BENGALURU | NEW DELHI: The Donald Trump administration’s decision to give arbitrary powers to officials to reject requests for fresh H-1B work visas or extensions could dent the revival in business that Indian outsourcing companies are witnessing in their main market.
The Trump administration has empowered officials to outright reject visa applications under certain circumstances. This step can be taken if the required ‘initial evidence’ wasn’t submitted or it failed to establish eligibility for the visa sought.
Teleperformance will keep Intelenet’s domestic business ‘in the fold’ in the near term, though the long-term plan for that business has yet to be chalked out, the Intelenet’s CEO said.
NEW DELHI: The government plans to expand its BPO promotion scheme to one lakh seats and will also set up India’s largest National data centre in Bhopal, IT Minister Ravi Shankar Prasad said on Monday.
A US association of immigration advocates recently filed a lawsuit against the United States Citizenship and Immigration Services (USCIS), seeking to procure documents, which would explain increased scrutiny and denials of H-1B petitions by the government unit.
French outsourcing giant Teleperformance is set to acquire Blackstone-owned BPO company Intelenet for around $900 million-$1 billion, multiple people associated with the development told ET. A formal announcement is expected as early as Thursday evening.
The first sign that InfosysNSE 0.10 % was dismantling the structure created by its former CEO Vishal Sikka came in October.