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India
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Latest Headlines
Pandit, Citi execs embroiled in India scam
Vikram Pandit ( Vikram Pandit news) has been effusive about Asia and how critical it is to the company. "So far this year, our franchise in Asia Pacific has been the largest contributor to the Company's net income," said the Citigroup CEO in a recent memo to employees. "Our deposits in the regi
Citigroup eyes growth in India via mobile banking
In India, the central bank tightly regulates the number of branch bank licenses awarded to foreign banks, effectively limiting their ability to grow traditional consumer operations. But for Citigroup
PayPal woes in India hit IT workers?
We sort of take PayPal and similar services for granted these days. We forget that they represent a powerful alternative to banks in some ways. A good reminder comes from India, where the central
Why is Goldman Sachs jumping into ETFs?
Goldman Sachs ( GS ) is not the Goldman Sachs of the exchange traded funds industry. That would be Barclays, which was bought by BlackRock. So some are scratching their heads as to why the real Goldman Sachs would want to get into the business. There's no doubt that ETFs are still hot. Assets gr
Financial firms leading outsourcing surge in India?
Financial services firms were big users of India-based technology support firms. It was never clear exactly how the turmoil on Wall Street would affect outsourcers, but some think the slow recovery
Time to sell India-based units?
Not too long ago, it was all the rage to either send IT work offshore or to operate your own offshore IT unit. The economics were compelling. But now that companies, especially financial services
Are you ready for H-1B compliance challenges?
A new bi-partisan proposal by Senators Dick Durbin and Charles Grassley would change "many of the rules companies must follow to obtain temporary work visas, known as H-1Bs and L-1s. The most
Citi to sell offshore outsourcing unit
Here's an interesting move: Citi, under extreme pressure to sell assets, has decided to sell off its India-based Citigroup Technology Services, which provided outsourced services from their Mumbai
SAP looks beyond banks in 2009
TheStreet.com says tech giant SAP is not offering revenue guidance for 2009, and you can guess why. It's going to be a punishing year for all tech companies, especially those that rely on the
How to protect yourself from a rogue outsourcer
Perhaps you need to do more than rely on SAS 70 II certifications when it comes to your offshore outsourcers, or even your domestic outsourcers. The Satyam mess continues to spill, as a number of
