BENGALURU | MUMBAI: As part of its plan to monetise assets and trim debt, the Essar Group on Monday concluded the sale of its BPO business Aegis for about Rs 2,000 crore to Capital Square Partners (CSP), a private equity fund based in Singapore.
BENGALURU | MUMBAI: Technology outsourcing companies will have to alter the manner in which they forecast revenue as global clients demand quicker service and short-term contracts marking a significant shift from the longterm revenue model to which the $150-billion Indian outsourcing industry has been accustomed.
BENGALURU: Genpact is signing its largest deals ever as its bets on digital offerings pay off, helping the business process management firm grow despite decline of work from General Electric, the company’s CEO told ET.
MUMBAI: India-born Canadian billionaire Prem Watsa’s Fairfax Group has agreed to buy a 51% stake in Hyderabad-based BPO company, Tata Business Support Services (TBSS), for Rs 153 crore.
BENGALURU: Wipro’s business process management services business is generating close to $1 billion a year in revenue, ahead of the company’s 2020 target, and has shown double-digit growth in the last two years, the head of that unit told ET.
Bengaluru: Business process services company Conduent says there has been significant progress in India’s positioning and the newly-formed firm will have India as an important delivery center.
BENGALURU: The government’s goods and services tax (GST) has opened up a new business opportunity for the business process management sector, which expects to see demand from companies who may need help managing their tax filings and invoice matching processes
Former US President George W Bush spoke about democracy and free trade at the ‘Spirit of Liberty: At Home, In the World’, event in New York on October 19 (goo.gl/or7NLi). He spoke of the values that made the US great and said, “conflict, instability, and poverty follow in the
The federal US agency that approves applications for the most sought-after H-1B visas needs to improve upon its current site visit verification program so as to prevent fraud in the visa system, according to a report by the Department of Homeland Security.
BENGALURU: Industry body Nasscom has shifted the revenue projection for India’s Business Process Management (BPM) sector to $50-$55 billion by 2025 from the present target of $50 billion by 2020.