Court hears India's 'biggest corporate fraud' case
The disgraced founder of Indian outsourcing giant Satyam appeared in court Tuesday in a billion-dollar corporate fraud case dubbed "India's Enron".
View ArticleAmazon.com to hire thousands to fill orders
(AP) -- Amazon.com Inc. said Friday it is hiring more than 15,500 people to fill temporary holiday jobs at shipping centers around the country, more than it hired last year.
View ArticleIndia's IT giant TCS slumps despite profit boost
Shares in India's biggest outsourcing firm TCS slid as much as 5.1 percent Wednesday amid investor concern about the outlook for a sector dependent on demand from crises-hit Europe and the United...
View ArticleIndia's Infosys shares fall on US probe worries
Shares in Infosys, India's second-largest outsourcing firm, fell four percent in Mumbai on Monday after the firm revealed that US authorities were probing alleged irregularities in its business visas.
View ArticleIndia's TCS quarterly profit leaps 23%
India's biggest outsourcing firm TCS reported Monday net profit jumped 23 percent in the three months to March, beating market forecasts as US and European customers boosted orders.
View ArticleIndia's TCS shares surge on upbeat earnings
Shares in India's biggest outsourcing firm Tata Consultancy Services jumped more than 10 percent in early trade on Tuesday after it reported better-than-expected quarterly earnings.
View ArticleIndia's TCS profits rise 38%, rival Infosys disappoints
India's biggest outsourcing firm, TCS, on Thursday posted a 38 percent rise in quarterly profit, beating analysts' estimates, while earnings of rival Infosys disappointed investors.
View ArticleIndian outsourcer HCL reports 67% jump in quarterly profit
India's fourth-biggest outsourcing company, HCL Technologies, reported on Wednesday a 67 percent jump in quarterly net profit from a year earlier as client orders surged.
View ArticleUK politician slams 'lie detector' fraud tests
A British politician has resigned over a county council's decision to use voice analysis technology that some liken to lie detector tests on people claiming a tax discount.
View ArticleStudy: Outsourcing hurts consumers by softening competition among firms
Firms that outsource aspects of their business to a foreign country may profit by saving money, but the practice tends to soften the competition among industry rivals, exacting a hidden cost on...
View ArticleRise of outsourcing poses new cybersecurity problems
Big banks, hospitals and insurance companies worry about computer security because they handle so much personal information.
View ArticleIndian outsourcers 'employ 100,000 in US'
India's IT outsourcing sector has nearly doubled the number of jobs it has created in the US in the last five years and now employs more than 100,000 people, an industry group said on Friday.
View ArticleBangladesh Internet down after submarine cable cut
Millions of Bangladeshis have been unable to use the Internet or suffered slow connections after a submarine cable was cut off the coast of Singapore, an official said Thursday.
View ArticleNasscom: India's IT industry to grow 11% in fiscal year
Sales by India's flagship outsourcing industry are likely to grow by 11 percent this fiscal year to at least $75 billion in the face of a challenging business environment, an industry lobby group said...
View ArticleTop 10 H-1B visa companies all specialize in shipping American jobs overseas
The Top 10 users of H-1B visas in FY 2012 were companies who specialize in shipping American jobs offshore, according to an analysis of government data by Computerworld magazine.
View ArticleShares in India's Infosys dive after weak earnings (Update)
Shares in Indian outsourcing giant Infosys dived Friday after it issued a disappointing growth forecast and warned of global challenges, sparking worries about other firms in the flagship sector.
View ArticleInvestors cheer Infosys founder's return but analysts skeptical (Update)
Shares of Infosys jumped Monday as investors cheered the return of founder N.R. Narayana Murthy to boost the Indian outsourcing giant's sagging fortunes, but analysts questioned his chances of success.
View ArticleIndian IT firm Tech Mahindra completes Satyam takeover
Indian IT outsourcer Tech Mahindra on Tuesday completed a takeover of its partly-owned unit Mahindra Satyam, creating a new force in the sector with annual revenues of $2.7 billion.
View Article
