Tech Mahindra claims Satyam is already gaining new business
Tech Mahindra has announced that their new subsidiary Satyam has already started gaining new business.
The company has reportedly won some new projects as it looks like it might soon come back on its feet.
Anand Mahindra spoke about Satyam: “As far as I am concerned, since [...]
Delta Air Lines stops using India based call centers
Delta Air Lines has announced that they are no longer outsourcing reservation calls to India.
This decision was taken after the company received too many complaints from their customers.
The airline company added that they are in the process of bringing all customer calls back in-house to USA.
They [...]
Tech Mahindra could be the new owner of Satyam
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Market sources say that Tech Mahindra has emerged as the winner of the bidding process for Satyam.
The company offered Rs 58 per share for the company. [...]
Infosys let go 2,100 employees
Indian IT Company Infosys has announced that they are firing around 2100 workers from their operations in the Indian market.
The company said that these workers are being fired due to poor performance history.
Infosys said that the decision was taken after the annual performance appraisal exercise that was concluded last month. [...]
HCL Technologies signs a deal with Xerox
Xerox has announced an outsourcing deal with Indian IT company HCL Technologies.
The deal is said to be worth around USD 100 million and it would last for a period of six years.
HCL would now be managing disaster-recovery preparation along with consolidating Xerox’s data centres in North America [...]
Telstra said to have terminated contract with Satyam
Australian telecom services provider Telstra is said to have terminated their outsourcing contract with Satyam.
The contract is said to be worth around $32 million per year.
Market reports say that the contract has now gone to EDS which is part of the US based giant Hewlett Packard.
Satyam [...]
TCS to review variable pay to employees to cut costs
Indian IT giant TCS has announced that they are going to review the variable pay of their employees in an attempt to cut costs.
The company said that they are not planning to cut employee salaries.
TCS CEO and MD S Ramadorai said in a statement: “We [...]
TCS to cut costs by freezing lateral hiring
TCS is one of the largest IT companies in the Indian market.
The company is not untouched by the ongoing economic crisis.
TCS has said that they are going to cut costs by taking steps including freezing lateral hirings.
The company assured that they would honor its commitment [...]
IBM establishes a Language Translation Services Center in Pune, India
US based IBM has announced the establishment of their Language Translation Services Center in Pune city in India.
The company said that this center would provide services to translate documents from French, German, Italian and Spanish to English.
IBM is planning to establish similar centers in Europe [...]
Dell to outsource more to cut costs
US based PC manufacturing giant Dell has said that they are going to outsource more work to cut costs.
The company said that they are going to enter into more service agreements with contract manufacturers.
The aim is to reduce manufacturing and design costs
Mike Cannon, Dell’s president for global operations was [...]
