Market Developments
Standard Chartered Bank (75,000 workforce) switches from Blackberry to iPhone
By Tarry Singh at 18 May, 2010, 2:11 am
Standard Chartered (STAN.L)(2888.HK) bankers in Asia told Reuters that the London-based lender was giving its corporate Blackberry users the option of switching to the iPhone, with the company agreeing to continue to pay monthly billing for business-related telephone and data services. “It’s a group-wide initiative involving wholesale and consumer banks globally,” said a Singapore-based spokeswoman [...]
Read More >>Apax Partners LLP buys Brazil’s Outsourcing firm Tivit for $1 Billion
By Tarry Singh at 10 May, 2010, 12:39 pm
The coming 10 years will be defining as a lot of technological, geo-political, trans- and continantional changes will redefine the global sourcing landscape. A lot of protectionism will creep in. Outsiders will have to re-develop their strategies, make good and dedicated local and regional acquisitions. Some big local acquisitions too will come in. TCS, as [...]
Read More >>Cognizant: The rising star in Outsourcing world
By Tarry Singh at 7 May, 2010, 6:09 am
Cognizant Technology Solutions, which was spun off from credit-information provider Dun & Bradstreet Corp. in 1996, is headquartered in Teaneck, N.J., and listed on the Nasdaq, but most of its operations and three-quarters of its work force are in India. On Tuesday, it said its revenue rose 6.3% to $960 million for the quarter ended [...]
Read More >>Irish outsourcing firm Gem changes tack; plans 10% cut instead of previously planned 900 new hires
By Tarry Singh at 7 May, 2010, 6:04 am
A £19.5m investment which would have resulted in up to 900 new jobs in Northern Ireland has been put on ice, the Belfast Telegraph can reveal. In a double blow, outsourcing firm Gem yesterday told its 800 staff that 10% of the workforce is also facing the axe. The grim announcement affects 60 workers in [...]
Read More >>2015: Amazon would have lost digital book market-share to Apple by 35%!
By Tarry Singh at 1 April, 2010, 11:21 am
While the original article is about how Amazon and Barnes and Noble were all letting publishers sell books at their own prizes, the most important threat to Amazon is its stronghold on the publishing market. It is curently 90% and is about to drop to as much as 55% by 2015! This is a massive [...]
Read More >>Google China meltdown: Google stops censoring; redirects to its Hongkong site
By Tarry Singh at 22 March, 2010, 2:50 pm
Google Inc., following through on a promise to stop censoring search results in China, began redirecting traffic from its Chinese home page to the company’s unfiltered Hong Kong site, outside of mainland China. Google will offer uncensored results in simplified Chinese, designed for users on the mainland, according to a blog post today. The move [...]
Read More >>MBA students on a gold rush to Asia!
By Tarry Singh at 15 March, 2010, 5:36 am
Well forget MBA, I have been getting enough calls from Asia (Mainland China, Singapore, India, etc) so as to seriously consider that option. I was indeed considering California but hey you ought to also have jobs in order to move. Asian economies are heating up, maybe a bit too much steam but still its time [...]
Read More >>Indian Tech giant Tata Consultancy group to hire 30,000 by 2010-2011!
By Tarry Singh at 10 February, 2010, 2:52 pm
These are clear sign that firms like TCS will now show muscle power many traditional european and U.S firms will not be able to ignore and definitely not when major customers are increasingly opening up for Indian tech firms. These developments are pretty much in line with what I have been saying for a long [...]
Read More >>Battle of Clouds – Industry Report: Apple creates a new niche with iPad; Google and Amazon might lose big!
By Tarry Singh at 31 January, 2010, 3:25 pm
Actually this is what that article is saying rather subtly. Here’s the deal and this is what I have said again and again when I spoke/speak of the “new middle” when it comes to the cloud computing wave. Pre-Cloud Era: Dekstop Age, Windows and the Old Economic Model (few super rich and many poor) Microsoft, [...]
Read More >>Is it wise to look for jobs at Indian firms? Rival firms snapping experts by offering double salaries!
By Tarry Singh at 19 January, 2010, 8:13 am
Especially technologies such as virtualization and emerging trends such as cloud computing is making it very attractive for indian firms to start hunting for talented staff. And they won’t stop at by offering compelling wages to experts. I watch India very close and see a dramatic wave of snatching experts not only in the Indian [...]
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