Logistics outsourcing to reach $90 mn by 2012: Assocham

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).

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.

April 6th, 2009 More than half of corporate India's workforce suffers from various chronic and lifestyle diseases, with those in the information technology (IT) and IT-enabled services (ITES), media, knowledge process outsourcing (KPO) and financial services topping the list, says an industry group report.A study by the Associated Chambers of commerce and Industry of India (Assocham), said 54 percent of the workforce in the IT and ITES sectors were afflicted with depression, severe headaches, obesity, chronic backache, spondylosis, diabetes and hypertension. It said of them, 23 percent suffered from spondylosis, 20 percent from sleeping disorder and 18 percent from obesity.

March 24th, 2009 MELBOURNE - Bangalore-based software giant Infosys will pick up most of IBM Global Services' multi-million dollar applications support contract with Australian software giant Telstra, after the latter's deal with the former was scrapped following TELCO reducing its outsourcing partners from four to two. According to The Australian, the decision to shift from IBM to Infosys could result in hundreds of job losses locally and in Bangalore, where IBM operates outsourcing centres.

March 6th, 2009 I will start with the story straight up. Kimberley Swann, a 16-year-old girl from Clacton-On-Sea in Essex, began working as an office administrator for Ivell Marketing & Logistics at the beginning of February.

September 9th, 2009 BEIJING - The Chinese government has pledged more aid from the country's financial institutions to boost its outsourcing industry, officials said Wednesday. In a statement posted on the website of the central bank Wednesday, the government urged the banks to develop more policies and credit products tailored for the outsourcing business, especially for firms in the 20 pilot cities for the industry, including Beijing, Tianjin, Chongqing and Shanghai.

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'.

September 30th, 2009 NEW DELHI - More business process outsourcing (BPO) service providers in India will exit the market in coming years, as it is difficult for them to stay afloat in the current form due to the slowdown, according to a study released here Wednesday. "One-quarter of the top business process outsourcing (BPO) service providers will not exist as separate entities by 2012," said the study by IT research and advisory firm Gartner.

June 25th, 2009 NOIDA - Birlasoft has been named among the top 10 best outsourcing service providers in Australia and New Zealand region, by the International Association of Outsourcing Professionals (IAOP), in their list 2009 Global Outsourcing 100. Birlasoft has been chosen by an independent panel of industry-recognized experts from business and academic institutions.

May 5th, 2009 BANGALORE - US President Barack Obama's announcement to end tax sops to those US firms outsourcing jobs to countries like India has come under flak from Phil Harkins, a leading US management expert and chief executive of Linkage Inc, a global firm specialising in leadership development 'What Obama is doing is just politics. It's the arrogance of the US to think creating jobs overseas will result in job losses back home.

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.

October 6th, 2009 IBM signs $200M outsourcing contract with telecomSAN FRANCISCO — IBM Corp. says it has won a $200 million contract to handle some technology chores for a company called Datacom Solutions as it rolls out telecommunications services in India.

January 18th, 2009 NEW DELHI - Third generation (3G) mobile subscribers in India will reach 90 million by 2013, forming 12 percent of the overall wireless base, an industry report released Monday said. A new report by industry association Federation of Indian Chambers of Commerce and Industry (Ficci) and telecom consulting firm BDA, said, '3G service revenues will reach $15.8 billion by 2013, accounting for 46 percent of the total wireless service revenue'.

March 4th, 2009 WASHINGTON - A downturn in worldwide economy, Satyam's fraud case and the terrorist attacks in Mumbai and supply chain and shipping cost issues in China are causing US technology companies to pull back from the two traditional outsourcing locations. Citing these three global factors, an annual survey by BDO Seidman, LLP, one of America's leading accounting and consulting organizations, Tuesday suggested several technology firms would choose US as future outsourcing location over India and China.

June 17th, 2009 BANGALORE - The declining trend in demand for outsourcing IT services has been arrested and conditions for recovery are clearer, a senior official of IT bellwether Tata Consultancy Services (TCS) said here Wednesday. "We feel the conditions are little clearer in the sense demand for outsourcing in terms of decline arising out of global meltdown seems to have been arrested," TCS chief financial officer S.