OUTSOURCING

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Wipro IT chiefs quit; Q3 net meets f'cast

Wipro Ltd surprised markets with the resignations of the joint-CEOs of its information technology business, after reporting profit growth rates which lagged rivals Infosys Technologies LTd and Tata Consultancy Services.
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Kris Gopalakrishnan, CEO of Infosys Technologies, speaks during a news conference on the sidelines of the G20 CEO Summit in Seoul November 9, 2010.

Infosys Q3 disappoints, economic worries hit outlook

Infosys Technologies' weaker-than-expected results sparked concerns over growth rates of India's showpiece outsourcing sector as the company flagged a sluggish global economic recovery and currency volatility.
Internet penetration

India is net job creator for US firms, says Nasscom

India’s trade body National Association of Software and Services Companies (Nasscom) has refuted public perception in the US that outsourcing jobs to India are contributing to job losses for US companies and that free trade agreements were responsible for America’s current economic woes.
Wipro beefs up presence in Eastern Europe

India's Wipro opens development center in Budapest, Hungary

Wipro Ltd said its global consulting, system integration and its outsourcing business unit Wipro Technologies has opened its new development center in Budapest, Hungary, to service Magyar Telekom, Hungary’s biggest telecom service provider.
Tata Consultancy Services (TCS) opens BPO shop in Philippines

India's TCS opens BPO shop in Manila, Philippines

India’s number one software services company Tata Consultancy Services (TCS) has opened a business process outsourcing facility in the Philippines following the path of India-based BPO companies which have operations in that country.
Employees at call centre provide service support to customers in the northeastern Indian city of Siliguri

The allure of outsourcing too powerful for U.S. companies to resist

One of the predominant economic issues of our day has to do with the “offshoring” or “outsourcing” of American jobs overseas, particularly to developing economies like India and China where costs of labor are significantly less, thereby undermining efforts to reduce the stubbornly high U.S. jobless rate (currently at 9.6 percent)

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