Every 1 in 2 Indian Corporates are Unhappy. Are you in or Out?

December 27th, 2008 NEW DELHI - Financial services, information technology, consumer goods, retail and real estate sectors have witnessed the maximum decline in the creation of new jobs because of the economic slowdown, a leading business chamber has said. The Assocham Research Bureau, which tracked job vacancy data in 30 sectors to analyse the creation of new jobs in the economy, found that the 'employment outlook of India has come under severe strain'.

January 16th, 2009 MUMBAI - The Rs.70 billion ($1.4 billion) financial scam in Satyam Computer Services is an isolated case and does not tarnish the image of the Indian corporate sector in any way, Commerce Minister Kamal Nath said here Saturday. 'India Inc has established its credentials.

January 6th, 2009 NEW DELHI - Shocked by the revelations of Satyam co-founder and chairman B. Ramalinga Raju that the software services firm had overstated profits and hidden liabilities in a Rs.40-billion scandal, leading industry lobbies called for stricter corporate governance norms.

March 2nd, 2009 NEW DELHI - India may lose up to $13 billion in revenues by 2012 if the third generation (3G) spectrum is not allocated soon to telecom operators, an industry lobby said Monday. 'The telecom industry is losing a revenue of $3 billion each year on account of delay in spectrum allocation,' Associated Chambers of Commerce and Industry (Assocham) Communications Convergence Committee chairman C.S.

September 15th, 2009 KOLKATA - Corporate Affairs Minister Salman Khurshid Tuesday urged the Information Technology (IT) sector to spell out its standpoint and suggestions on the Companies Bill which is slated to come up before a standing committee of parliament soon. "We are in the process of moving before the standing committee of parliament the Companies Bill, 2009.

December 28th, 2008 NEW DELHI - Third party logistics outsourcing business in India will grow to $90 million from the present $58 million by 2012, according to a study released Monday. Presently around 55 percent of Indian companies are outsourcing logistic services like supply chain management and warehousing, said the study by the Associated Chamber of commerce and Industry (Assocham).

September 27th, 2009 NEW DELHI - The third party logistics (3PL) business in India is likely to reach $90 million by 2012 from $58 million now, as the model is fast catching up among the country's businessmen due to its cost advantage, an industry lobby report says. "Currently 3PL outsourcing among Indian companies is estimated at $58 million as 55 percent of them are outsourcing services like supply chain management and warehousing," the Associated Chambers of Commerce and Industry of India (Assocham) said in a paper.

November 12th, 2005 Talent shortage will impede the development of China's outsourcing industry, despite the optimistic prediction on China's IT outsourcing industry in the coming ten years predicted Qu Zhonghua, a senior program manager of IBM China's Shenzhen branch, at the 11th Joint International Computer Conference (JICC 2005) held in southwest China's Chongqing Municipality. The rapid growth of the global outsourcing industry has provided opportunities for China's outsourcing industry in recent years, but the opportunities will not turn into successes if the country fails to provide sufficient qualified workforce, he said.

January 9th, 2009 NEW DELHI - Indian companies have started to review and document their risk management policies and practices to check corporate fraud in the wake of the Rs.70 billion Satyam Computer Services scam, a survey by an industry lobby says. A quick analysis by the Associated Chambers of Commerce and Industry of India (Assocham) with feedback of over 400 leading corporates, said that to deter possible corporate frauds, companies have commenced re-codifying their risk management policies.

February 4th, 2009 NEW DELHI - The government will add stringent clauses to the IT Amendment Bill, 2008, to ensure data protection and cyber security, a top official said here Thursday. Speaking at a seminar on 'IT Amendments Bill 2008-Entails for Corporate India', organised by the Associated Chambers of Commerce and Industry (Assocham), IT Secretary Jainder Singh said: 'The ministry would shortly come up with fresh regulations to be added to IT Amendment Bill 2008 as there was criticism that the bill takes little care of the identified issues.' He said the bill in its existing form 'does not ensure adequate punishment for stealing of corporate data'.

January 8th, 2009 HYDERABAD - Market regulator Securities Exchange Board of India (SEBI) Friday granted 24 hours to B. Ramalinga Raju, the disgraced former chairman of Satyam Computer Services, to appear before it for a hearing into the Rs.70-billion (Rs.7,000-crore) fraud he admitted the company has committed.

January 14th, 2009 NEW DELHI - The government has no plans to unveil a bailout package for fraud-hit Satyam Computer Services and the company's new board will decide its future course of action, Minister of State for Industry Ashwani Kumar has said. 'This government is not going to either directly or indirectly subsidise the wrongdoing and fraud in Satyam,' Kumar told reporters on the margins of an international conference on petroleum sector here Thursday.

February 10th, 2009 NEW DELHI - IT industry body National Association of Software and Services Companies (Nasscom) Wednesday said it will form a corporate governance and ethics committee, headed by Infosys Technologies chairman N.R. Narayana Murthy.

January 25th, 2009 NEW YORK - Pharmaceuticals maker Pfizer Inc is expected to announce its purchase of competitor Wyeth Monday in a deal worth $68 billion, The New York Times reported early Monday on its website. Citing people involved in the negotiations, the Times reported that Pfizer's board of directors agreed late Sunday to the takeover.

April 18th, 2009 Though the financial sector has started showing some signs of recovery from the global meltdown, the IT industry in the country will take some more time to regain the growth momentum, a top industry official said here saturday. 'The crisis started in the financial sector and recovery also seems to be happening first in that sector,' S.