Welcome to Outsourcing Guide
Outsourcing Article
This is a selection made from among articles on Outsourcing. For a permanent link to this article, or to bookmark it for future reading, click here.
Tata in $847M Outsourcing Deal
from: john Indian outsourcing firm Tata Consultancy Services (TCS) said
Tuesday it was entering the life insurance and pensions industry
in the United Kingdom with a 12-year, £486-million ($847
million) deal to handle the life insurance and pension business
processes of Pearl Group.
TCS will set up a new U.K. subsidiary in Peterborough, England ,
to specialize in business process
(BPO) for the life insurance industry. The unit will respond to
questions from policyholders, pay out claims, and perform other
transactions. The company has signed a long-term lease for a
site there.
Shares of TCS were up 6.80 rupees ($0.15) to 1,440.95 rupees
($31.93) in recent trading.
TCS, based in Mumbai, India, has already worked with five of the
top 10 insurance companies in the U.K., according to Phiroz
Vandrevala, global head of corporate affairs at the company. TCS
also has a 14-year relationship with Pearl.
The Tata-Pearl deal comes only a day after Technology Partners
International, a Houston-based advisory firm, said the total
value of outsourcing deals in 2005 would drop to between $60
billion and $65 billion from an average of $72 billion in recent
years This article is sponsered and published by
gworld
About the author:
None
Related Articles for Outsourcing
Outsourcing News
Financial Scandal at Outsourcing Company Rattles a Developing Country (New York Times)
Satyam Computer Services, one of India?s largest outsourcing companies, significantly inflated earnings and assets for years, the chairman said before resigning.
Read more...Indian Outsourcing Giant Admits Fraud (Washington Post)
NEW DELHI, Jan. 7 -- The leader of one of India's largest technology outsourcing companies, Satyam Computer Services, on Wednesday admitted cooking its books and committing other grave financial wrongdoing to inflate profits over several years. The revelation shook India's stock market and sent s...
Read more...Outsourcing Giant Admits Cooking The Books (NPR)
The chairman of one of India's largest technology outsourcing companies has resigned after admitting the company's profits had been inflated for several years. The scandal at Satyam Computer Services Ltd. threatens future foreign investments in India and tarnishes the once-booming outsourcing sector.
Read more...