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Contract manufacturing wave lashes Indian shores

India has been deluged by a wave of multinational Electronics Manufacturing Services (EMS) firms that are in the process of setting up or ramping up operations on the subcontinent.

Employee fraud at HSBC BPO in Bangalore

After employee fraud last year at MSource, an Indian BPO centre in Pune in the western part of India another one has come to light and this time it is in Bangalore. An HSBC employee has been charged with stealing confidential data of the bank’s customers in UK to illegally transfer their money without their knowledge.

Indian BPO firm acquires Canadian firm for $125m

In one of the largest-ever cross border Indian BPO acquisitions, TransWorks announced the takeover of Canada-based outsourcing firm, Minacs Worldwide Inc, one of the largest BPO firm in Canada, for $125 milllion in a share and cash deal.

India and China economic powerhouses by 2020

BANGALORE: By the year 2020, India will contribute 12.2% to global economic growth, while China will emerge as the world’s second largest consumer market according to a new study.

Cognizant eyes EU for further expansion

Fast growing IT services firm and offshoring specialist, Cognizant Technology Solutions, is looking at the EU for further expansion.

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