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CRISIS-HIT US FEARS DUMPING BY INDIA, CHINA: NYT

Article from: The Hindustan Times Article date: November 01, 2008

Aroonim Bhuyan

Report from Indo-Asian News Service brought to you by HT Syndication.

Nov. 01 -- By Arun KumarWashington, Nov 1 (IANS) In the midst of the global financial crisis, an influential US daily has raised the spectre of major producers like China and India dumping products in world markets and giving America another worry - deflation, or declining prices."As dozens of countries slip deeper into financial distress, a new threat may be gathering force within the American economy - the prospect that goods will pile up waiting for buyers and prices will fall, suffocating fresh ...

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US Slowdown Hits India's IT Sector Hard

Posted Aug 20, 08 10:00 AM CDT in World,  Technology,  Business 

US Slowdown Hits India's IT Sector Hard
Source: AP Photo

(Newser) – The credit crunch that has shifted the US economy into neutral has slowed the growth of India’s tech sector, which once boasted growth rates of 40% in the overall strong economy, the Wall Street Journal reports. The slowdown comes as the sector faces increasing competition from abroad and rising labor costs at home, and a weak dollar eating into profit margins.

And while analysts still predict 20%-25% growth for the sector in the next decade, India’s tech companies—like Tata Consultancy Services, Winpro, and Infosys—already are looking for new outlets to maintain their revenue growth. Executives are aiming to shift their outfits from merely sources of cheap, outsourced labor into hubs of innovation.

More about:  credit crisis • India • technology • weak dollar • outsourcing • Tata Consultancy • Infosys

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Indian Debt Collectors See US' Dark Side

Outsourced call centers get ring-side seat for economic crash

Washington Post Washington Post Oct 14, 08 9:49 AM CDT
(Newser) - Most Indian call center employees develop a fairly utopian view of the US, which seems a land of brand-name splendor and plenty. Not so at Aegis BPO Services, a call center specializing in debt collection, where employees are getting an up-close and personal look at the credit crunch. “It’s like people are totally drowning,” said one caller. “There has just been years of overspending and now: the crash.” More »

More about:  credit crisis • India • credit card • outsourcing • call center • debt collection

Infosys Profits Up 26%
This Quarter

But investors disappointed in year's revenue forecast—shares fall 1.3%

Associated Press Associated Press Jan 11, 08 2:21 PM CST
(Newser) - Infosys saw its profit go up 25.6% int the October to December quarter, the Indian company said Friday. It credited tax refunds and new outsourcing jobs: the company added 47 clients, including an unnamed European bank and a global brokerage firm, reports AP. Infosys raised its 2007 revenue forecast slightly, but not enough to match investors’ expectations, and its shares dropped by 1.3%. More »

More about:  India • Asian markets • software • outsourcing • Infosys

India Tech Consultants Snag Giant Deal

$1.2B outsource win puts Tata firm on scale with IBM, Accenture

BusinessWeek BusinessWeek Oct 18, 07 6:20 PM CDT
(Newser) - Tata Consultancy Service has won a $1.2 billion contract with Neilsen, marking a historical record for an Indian company. TCS will provide the Dutch media powerhouse  with 10 years of infrastructure and financial management, BusinessWeek reports. The deal puts the company on the global finance map, able to compete with outsourcing bigshots like IBM and Accenture. More »

More about:  India • software • outsourcing • Nielsen • Tata Consultancy


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