Posts Tagged ‘tata consultancy services’
Ohio bans offshoring — but gives tax relief to outsourcing firm
Tuesday, September 7, 2010 8:20 No CommentsOhio Gov. Ted Strickland is delivering one of the strongest attacks yet on offshore outsourcing, calling it not only a threat to jobs but an IT security risk. Strickland’s criticism of offshore outsourcing was part of a recent order to state agencies prohibiting them from hiring any firm that sends work offshore. The agencies were [...]
Foreign-worker visa fee hike could increase use of offshoring
Monday, August 16, 2010 20:19 No CommentsIt’s not often that H-1B visa critics and advocates are on the same page, but Sen. Charles Schumer (D-N.Y.) has accomplished the seemingly impossible. Representatives on both sides of the H-1B visa debate agree that the increased visa fees established as part of a new border security appropriations act introduced by Schumer in the U.S. [...]
Senate raises H-1B fees to fund border security
Friday, August 6, 2010 8:16 No CommentsWASHINGTON — The U.S. Senate approved a large increase in H-1B visa fees on Thursday to help offset a $600 million “emergency package” to improve security along the Mexican border. The fee increases, which also affect the L-1 visa, will help pay for 1,000 new border patrol agents and drones or unmanned aircraft, as well [...]
Tata’s revenue, profits grow as outsourcing demand rebounds
Thursday, July 15, 2010 14:18 No CommentsIndia’s largest outsourcer, Tata Consultancy Services (TCS), posted strong revenue and profit growth in U.S. dollar and rupee in the quarter ended June 30, as demand for offshore outsourcing services rebounds. The company said on Thursday that its revenue had grown in dollars by 21 percent to $1.8 billion, while profits were up 29 percent [...]
Customers want more than low cost from outsourcers
Tuesday, June 15, 2010 8:15 No CommentsCustomers are looking for a variety of new capabilities from IT outsourcers, ranging from their involvement in business outcomes to greater knowledge of the customer’s area of business, according to a report by Forrester Research. This change puts pressure on outsourcers, including India’s top outsourcers like Infosys Technologies and Tata Consultancy Services (TCS), who in [...]
India still adding IT jobs despite recession
Thursday, March 4, 2010 11:18 No CommentsIndia added 487,000 jobs in its IT and BPO (business process outsourcing) export industries in the quarter ended Dec. 31, despite the global recession, according to a Quarterly Quick Employment Survey by the country’s labor bureau. The survey was conducted to assess the impact of the economic slowdown on employment in India. [ Get sage [...]
India’s outsourcing exports to hit $50 billion in 2010
Thursday, February 4, 2010 8:21 No CommentsIndia’s revenue from exports of IT and BPO (business process outsourcing) services is likely to grow 5.5 percent to $49.7 billion in the Indian fiscal year to March 31, 2010, according to estimates released Thursday by the country’s National Association of Software and Service Companies (Nasscom). The revenue figure includes exports by Indian outsourcers as [...]
IT hiring in India outpaces U.S., where job growth is stalled
Friday, January 22, 2010 14:18 No CommentsIndian IT companies have started adding thousands of employees after a year of relatively flat growth. But the same can’t be said for U.S. companies. The IT labor market here is showing, at best, signs of stabilizing and modest growth after big job losses, but not anything like last quarter’s India-sized leap. [ Indian outsourcers [...]