Hotel prices fall most in Delhi and Mumbai across APAC; Bangalore lodging prices least impacted among APAC destinations
Gurgaon, June 1, 2009: Egencia™, the world’s fifth largest travel management company, and part of Expedia, Inc., the world’s largest travel market place, unveiled its 2009 Global Benchmarking Study, evaluating the current economic climate and its impact on [...]

Multi-country payroll outsourcing (MCPO) also shows prevalence of co-opetition, where suppliers partner with each other and also with local payroll vendors to offer adequate country coverage across regions
Significantly higher coverage of Asia Pacific in MCPO deals by MNCs
Gurgaon, May 25, 2009: Multi-country payroll outsourcing (MCPO) is in the emerging rapid-growth phase, ahead of other standalone [...]

Signs MoU with NICMAR for enhancing development of project management in education.
NEW DELHI – Project Management Institute, Inc (PMI), the world’s leading advocacy association for the project management profession, in its mission to champion the importance of project management has entered into an MoU with National Institute of Construction Management and Research (NICMAR), a leading [...]

GURGAON, May 14, 2009 ─ Global outsourcing market decreased 7% in transaction volume in Q1 2009 as compared to Q4 2008, according to the latest quarterly Market Vista: Q1 2009 report on global outsourcing and offshoring activity by the Everest Research Institute. During the same period, the global annual contract value (ACV) dropped 16% from [...]

Acquisition will strengthen SyniverseSM MORE through sponsored
and outsourced roaming, value-added services
TAMPA, Fla. – May 13, 2009 – Syniverse Technologies (NYSE: SVR), a leading provider of technology and business solutions for the global telecommunications industry, announced today that it has signed a definitive agreement to acquire the assets of Wireless Solutions International (WSI), a Boca Raton, [...]

Annual spending on PO contracts surpassed US $1 billion last year
New Delhi, April 7, 2009 ─ Although the number of new contracts for Procurement Outsourcing (PO) services declined in 2008, strong interest and expansion of existing contracts sustained a 30 percent annual growth rate, according to an Everest Research Institute study of the procurement [...]

Economic slowdown driving HR work offshore
Gurgaon, November 13, 2008 ─ In an increasingly slowing economy, offshore providers of human resources services are well positioned to take market share from US-based suppliers as buyer companies are now more focused on early cost savings that can be gained from labor arbitrage, according to a new study by [...]

Demand drivers have changed, enabling growth to buck economic trends, says report
Delhi NCR/Gurgaon, November 3, 2008 ─ Fundamental changes in the drivers of the IT consulting market have ushered in a new market paradigm – manifested by healthy demand, lessened economic sensitivity, and central roles for globalization and offshoring. The shortage of IT talent [...]

India ranks 7th amongst leading spammers of the world
 
New Delhi, October 8, 2008: India is the 7th largest spam sender in the world, according to Trend Micro Incorporated (TSE: 4704), a global leader in Internet content security. India is the leader among Asian countries in spam, accounting for more than 4% of the total global spam. It [...]

Mumbai, 29/09/08: In the wake of the devastating floods in the state, the Vedanta Group has come forward to lend a helping hand to the flood affected people of Orissa. The Company has announced a donation of Rs. 3 crore for the CM’s Relief Fund.
Mr. Ajit Kumar Samal, Vice President, Commercial, Vedanta, handed over a [...]