Thursday, July 12, 2007

India faces tough competition from China in outsourcing business

by Vipin Agnihotri

No doubt, India is the most preferred destination for outsourcing at this moment of time but for how long they will be able to maintain their position only time will tell because China has started giving tough competition to them. All this is happening because of India’s high attrition rate, poor infrastructure and increasing wages.
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Sony bets big on India

by Vipin Agnihotri

Japanese electronics giant Sony Corporation has announced a target of $ 2 billion in terms of revenue from India operations in the coming two years. Theoretically speaking, around $ 1 billion would come from its consumer electronics business.
According to sources, Sony would invest Rs. 150 crore for brand and channel enhancement with special emphasis [...]

Wednesday, July 11, 2007

Indian Supreme Court ruling boosts India’s outsourcing sector

by Vipin Agnihotri

Indian Supreme Court in a landmark judgment ruled that foreign firms would not have to pay tax on their global income earned from business related to their outsourcing arms or units if these are conducted at existing market prices.
The apex court decision came in a case involving Morgan Stanley’s business process outsourcing unit in [...]

Easier IPO norms for PSU cost in India

by Vipin Agnihotri

The Securities and Exchange Board of India (Sebi) has relaxed the rules for government-owned infrastructure companies for raising funds through initial share offerings by terminating the mandatory one-year lock-in requirement of pre-issue share placements.
For the government companies involved in infrastructure projects, Sebi has lifted the minimum pricing norms and the minimum stake that these could [...]

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