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Earlier this year, Genpact, the largest business process outsourcing (BPO) player in India, gave Harpreet Duggal a new role: responsibility for developing and executing the company’s domestic BPO strategy. Duggal is already well into discussions with potential customers, and is finalizing operating locations. He’s moving fast because Genpact isn’t the only Indian company interested in this space. For many reasons, the Read the rest of this entry »
Archive for June 14th, 2008
The Next Frontier for India’s Outsourcing Industry? The Domestic Market
Posted by Yogesh on Saturday, 14 June, 2008
Posted in Article | Tagged: BPO, Genpact | 1 Comment »
The Ranbaxy-Daiichi Deal: Good Medicine, or a Harbinger of Future Ills?
Posted by Yogesh on Saturday, 14 June, 2008
Just a few days before announcing that he had sold his family’s 34.8% stake in Ranbaxy Laboratories to Japanese pharmaceutical firm Daiichi Sankyo, Ranbaxy’s CEO and managing director, Malvinder Mohan Singh, said his company was on the hunt for its own acquisitions.
He told the New Delhi-headquartered business daily, the Business Standard, that he had “de-risked” and Read the rest of this entry »
Posted in Article | Tagged: Daiichi, Ranbaxy | Leave a Comment »
Cheque clearing goes digital
Posted by Yogesh on Saturday, 14 June, 2008
Instant coffee, instant nirvana, instant entertainment, instant information…time is the singlebiggest factor in this “instant” world we live in. So how could banking stay unaffected? After anytime money and Internet banking, we now have instant cheque clearance.
Until recently, it would take at least three days, going up to an average of 15 days, to clear a cheque. Then there were hassles like missing cheques or clearing related frauds. According to a public interest litigation Read the rest of this entry »
Posted in Article | Tagged: Cheque | Leave a Comment »
Most global stock markets decline in June
Posted by Yogesh on Saturday, 14 June, 2008
NEW YORK – The pullback in stock markets around the world that began last month has left only three of 52 markets tracked by Standard & Poor’s/Citigroup global equity indices with advances so far in June.
Investors have variously grappled with concerns about slowing economies, particularly in the U.S., and with rising prices oil, gasoline to food. Read the rest of this entry »
Posted in Market View | Tagged: Stock Market | Leave a Comment »
Rel Comm:MTN talks progressing despite Rel Ind claim
Posted by Yogesh on Saturday, 14 June, 2008
NEW DELHI, June 13 – Reliance Communications had claimed first right of refusal to buy a controlling stake in it, but the mobile operator said this would not delay its tie-up talks with South Africa’s MTN Group .
Reliance Communications, India’s second-largest mobile operator, has been in talks with MTN since late May Read the rest of this entry »
Posted in Corporate News | Tagged: Mergers Acquisitions, MTN, Reliance Communication, Reliance Industries | 3 Comments »
DLF, Unitech shelve REIT IPOs – paper
Posted by Yogesh on Saturday, 14 June, 2008
MUMBAI, June 14 – India’s two leading real estate developers DLF Ltd have shelved plans to list their real estate investment trusts on the Singapore Stock Exchange due to global equity turmoil, a newspaper report said on Saturday.
“We are not going to look at a REIT listing till market conditions improve,” DLF’s group chief financial officer Ramesh Sanka told the Mint paper.
Posted in Intial Public Offering | Tagged: DLF, REIT, Unitech | 1 Comment »
