Essar’s Aegis group looks for $50-$200M acquisitions in Europe
By Tarry Singh at 23 August, 2010, 9:46 am
Aegis Ltd., an outsourcing unit of India’s Essar Group, will pursue acquisitions in the Middle East, Europe, Latin America and Africa during the next two years. The company is targeting deals in the $50 million to $200 million range and intends to complete one each quarter, Managing Director Aparup Sengupta said in an interview in [...]
Read More >>Wipro signs 10 Year Total Outsourcing deal with TVS & Sons
By Tarry Singh at 17 June, 2010, 3:34 pm
Wipro, a provider of IT services, and TV Sundram Iyengar & Sons, an automobile and parts distribution provider, have signed a 10-year total outsourcing contract. The partnership aims at leveraging the information technology to drive business efficiencies across all business units and functional areas of TVS & Sons. The scope of services includes the suite [...]
Read More >>India’s Essar Group boosts its outsourcing services by buying stake in Avaya’s ACG Network
By Tarry Singh at 30 May, 2010, 2:31 am
India’s Essar Group has agreed to buy a controlling stake in communications solution firm AGC Networks (AVYA.BO) for $44.5 million, as it strives to boost outsourcing services. Essar Group will pay 245 rupees ($5.30) a share for the 59.13 percent stake in AGC Networks, from U.S. network equipment maker Avaya Inc [AVXX.UL], and will offer [...]
Read More >>Mumbai based BPO firm Accentia buys UK firm IQ Group
By Tarry Singh at 30 May, 2010, 2:23 am
Accentia Technologies Ltd, a Mumbai-based business process outsourcing firm, is acquiring stake in IQ Group, a UK-based company offering communication and computing solutions for healthcare sectors. Accentia has already entered into an agreement with IQ Group for the transaction subject to customary closing conditions. It is expected to be completed by the end of September [...]
Read More >>HCL wins $500 Million Multi-year Outsourcing Deal with Merck!
By Tarry Singh at 10 May, 2010, 4:44 am
Analysis: HCL has been in partnership with Merck since 2004, although this is the first time it has received a large total outsourcing contract from it. In 2007, both HCL and Cognizant (CTSH) signed deals with Merck but CTSH’s contract was multi-year, multi-million dollar to provide a full suite of services, including applications outsourcing, infrastructure [...]
Read More >>Huawei, ZTE get banned in India; Security risk the main reason
By Tarry Singh at 8 May, 2010, 7:14 am
When it comes to China’s Big Two, though, India’s policies are hardly favorable. The government has sent letters to Indian phone companies saying they can’t buy equipment from Huawei, ZTE, and several other mainland companies due to security risks. In April, researchers reported that Chinese hackers had targeted Indian defense computers. And in December, India [...]
Read More >>Outsourcing Deal: Cipla, Pfizer may sign an outsourcing deal soon
By Tarry Singh at 7 May, 2010, 6:34 am
Cipla, Pfizer may sign an outsourcing deal soon, reports CNBC-TV18, quoting NewsWire18. Amar Lulla, Joint MD, Cipla, reiterated that the Indian drugmaker is in active talks with Pfizer. “The outlicencing deal will be for emerging markets.” On April 8, CNBC-TV18 reported that Cipla had launched Nexavar generic at one-tenth of Bayer’s price. The drug is [...]
Read More >>U.S firm granted $650 million outsourcing contract by Indian Oil Company Chennai Petroleum Corp. Ltd
By Tarry Singh at 7 May, 2010, 5:56 am
May 5, 2010 (FinancialWire) — Jacobs Engineering Group Inc. (NYSE: JEC) said that it has received a contract from Chennai Petroleum Corp Ltd. to provide project management consultancy and engineering, procurement, construction management services for the Resid Upgradation Project of CPCL at their Manali facilities in Chennai, India. The project involves a delayed coker unit, [...]
Read More >>Dell seeking to dump China in favor of “safer” sourcing countries?
By Tarry Singh at 25 March, 2010, 7:27 am
These talks, which Dell currently is denying must obviously have taken place, its just that the press got a bit too excited and posted it all on the Indian Press about Indian Prime Minister’s comment on Dell’s plans. Dell and Indian officials are not available for comment. Dell Inc. denied an Indian government release that [...]
Read More >>Indian Data Center market to grow to $2.2 Billion, a CAGR of 22%
By Tarry Singh at 17 March, 2010, 8:37 am
And this doesn’t come as a surprise to us since we have been watching this market for quite a while. A data center services market has more potential and particularly the 3rd party data center services that firms like Google, Amazon can provide will win over the traditional SI players [who own their own data [...]
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