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Archive for October, 2010

Fiorina Leaves Hospital, Hits Boxer on Outsourcing

October 28th, 2010

California Senate candidate Carly Fiorina left the hospital today and expects to resume campaigning Thursday.

Fiorina was admitted to a hospital Tuesday for treatment of an infection stemming from her post-breast cancer reconstructive surgery. Her chief of staff, Deborah Bowker, said doctors have given the GOP candidate a green light to continue her fight to unseat Democratic Sen. Barbara Boxer.

While Fiorina remained in the hospital, her campaign released a new web video Tuesday attacking Boxer for her close ties to Cisco Systems and the company’s CEO. Campaign finance records indicate that since 1989, the tech giant’s staff and the company’s PAC have donated more than $73,000 to Boxer.

The spot is designed to counter Boxer’s consistent assertions that Fiorina outsourced jobs to other countries when she was CEO of Hewlett Packard.

In the piece, a narrator attacks Boxer for “pandering” to Cisco, calls her a “typical lifelong politician,” and accuses the senator of hypocrisy: “Barbara Boxer loves to complain about companies that ship jobs overseas. So why is she giving a speech at Cisco when they repeatedly outsourced jobs to countries like India?”

The video alleges that Cisco has sent thousands of jobs to other countries. The company says almost half its employees work overseas, but maintains that it works to increase employment in the United States.

Source:http://www.nationaljournal.com/politics/fiorina-leaves-hospital-hits-boxer-on-outsourcing-20101027

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Tags: Cisco Fiorina Outsourcing

MVP firm to expand outsourcing business

October 28th, 2010

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A BPO firm belonging to the Pangilinan group is eyeing the expansion of its healthcare business, aiming to tap the country’s abundance of trained healthcare workers, particularly thousands of unemployed nursing graduates, to create new jobs.

SPi Global Holdings officials said the demand for outsourced healthcare-related jobs is expected to continue to grow as hospitals in the United States look for ways to cut costs without compromising quality.

“The amount of money being paid for medical procedures in the US is escalating. Hospitals are looking for ways to do it more efficiently,” said Mike Beninato, CEO of SPi’s healthcare arm.

“They are making wholesale shifts to outsource more work. Anything that makes sense to outsource will be outsourced,” he said.

He declined to give details, but said the Philippines would be an ideal area for expanding the company’s healthcare business with the country’s numerous healthcare college graduates.

Citing third-party estimates, he said there are currently 187,000 unemployed nurses in the Philippines.

Source:http://www.inquirer.net/mindandbody/newyou/view.php?db=1&article=20101028-300190

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Tags: BPO MVP Outsourcing

Welcome To Vindia IT Outsourcing and IT Services

October 28th, 2010

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Vindia is a unique company in the global technological market that enables you, the CEO, project manager or entrepreneur, to utilize an effective and low-cost work force overseas.
Vindia was created in order to provide counseling and solutions for companies seeking to take advantage of the opportunities that the Far East has to offer.
The company was built with the understanding that in this global environment, it is necessary for any company making use of human resources to examine the business opportunities that are available in India.
Vindia’s goal is to provide its clients with a wide variety of services and solutions, while making intelligent use of the knowledge, experience, capabilities and tools that have been gathered and built up over the many years of the company’s work in the Far East.

Manager, CEO or entrepreneur – we will gladly be at your service, to advise and understand your needs, quickly and efficiently custom-design your solution, and propel you on your new path, the way only Vindia knows how. We are glad to be your portal to the Far East – welcome to India.

Source:-http://www.vindiaservices.com/read_more.shtml

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Tags: IT Services

BPO, KPO and IT Outsourcing Services

October 28th, 2010

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IT Outsourcing Services is a KPO and BPO outsourcing service provider that offers one stop solution by finding IT-enabled solutions to your most pressing needs. We provide high quality, time bound, cost effective outsourcing IT services through our offshore facilities in India with front office support in USA. Changing and challenging IT business environment and technological and legislative changes act as a catalyst to this trend. Now you have a good reason for embracing BPO, KPO and IT outsourcing services in India wholeheartedly. Because you have reliable BPO companies like IT outsourcing services at your service.

IT Outsourcing Services opens the windows of outsourcing BPO, KPO and IT services industry for the customers from all over the world. In Actual, IT Outsourcing suggest variety of IT services including Data Entry Jobs, Software Development, Website Designing, DTP (Desk Top Publishing), Search Engine Optimization (SEO), Data Conversion, CAD Drafting Services and Medical Transcription related quality outsourcing services.

Source:-http://www.itoutsourcingservices.com/

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Outsourcing quotas to drive mixed health services provider market

October 28th, 2010

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The spending review last week said the coalition government would look at “setting proportions of appropriate services that should be delivered by independent providers” – starting with pathology and community health services.

The pathology move has been widely trailed since Lord Carter of Cole’s December 2008 review identified £250m-£500m of potential savings through centralising the function.

Since then two London foundation trusts – Guy’s and St Thomas’ and King’s College Hospital have already been working with the outsourcing company Serco.

Perhaps surprisingly, business and third sector leaders have not welcomed the quota proposal with open arms. Chief among their concerns was that a quota could soon become a “cap” rather than minimum target.

NHS Partners Network director David Worskett said: “If it emerges as a maximum – a cap – not only will it contradict any willing provider, it will contradict best procurement practice.”

Mr Worskett cited as a possible model the BBC’s obligation to outsource a proportion of its productions. Half the corporation’s productions are made in-house while 25 per cent are outsourced and the remaining quarter is open to competition from both in-house and external producers. The system is policed by the BBC Trust, an independent governing body.

However, the existence of two main levels of commissioners within the NHS – the national commissioning board and GP consortia – could make replication of the BBC model hard to implement, Mr Worskett said.

Confederation of British Industry senior policy adviser for NHS reform Chris Heathcote was similarly muted in his response, saying the quota proposal was “slightly surprising”.

He told HSJ: “Our submission to the spending review was for more competition among providers; this is what we want to see rather than a potentially arbitrary proportion. At this stage there really are more questions than answers. If you start to set percentages by provider you might actually put a cap on it.”

But he said there was much that was encouraging in the spending review for independent providers.

“Where this is helpful is that it might coax the sector away from the traditional models,” he said.

He said businesses were looking at commercial possibilities involving underperforming trusts that were unlikely to make foundation trust status, and at supporting GP commissioning – despite being “a little alarmed by some of the things the British Medical Association has been saying about an NHS only approach, or that it might be only new services going to tender”.

The Association of Chief Executives of Voluntary Organisations was also concerned about the use of “crude” measures to open the market.

Head of policy Ralph Michell said: “The intention is something we would support but the idea of proportions for outsourcing in some areas will be quite crude where a mature market is already developed.

“It raises questions over whether [quotas] will be different for private and third sector providers. Obviously we would push for parity in light of the big society agenda.”

Source:http://www.hsj.co.uk/news/finance/outsourcing-quotas-to-drive-mixed-health-services-provider-market/5020883.article

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Tags: Market Outsourcing

Hire local talent to allay outsourcing fears

October 28th, 2010

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“We have to make sure we are not very visible in those markets,” he said when asked about a possible solution over IT outsourcing concerns faced by Indian companies.
He said it is natural that there would be some “discomfort by any government” if a large percentage of its workforce was not from the country itself. “The solution for us is to make the front end local, then no one will raise any objection,” he said. “The moral of the story is to make sure we are not very visible in those markets,” he said. “Hire local talent. Hire Englishmen in England, hire Americans in the US and Brazilian in Brazil,” he said.

Further, Murthy asked young IT professionals to opt for career growth within India which offers larger growth opportunities than anywhere else in the world. “Somehow our youngsters have all assumed the idea of joining this (IT) industry is to go to US, get there, get an H1B, convert it into green card and settle down there. I think it is a wrong solution, a wrong strategy,” Murthy said.

Murthy said one expects youngsters to earn good salaries in India, for which they have to get good quality jobs here. “But their objective cannot be to go and settle down in some other country, especially the US.”

On wooing back Indian talent, Murthy said there was no need to increase their salaries by 50 times to ensure this. But their lives could be made easier by providing schools, making sure that power condition and commuting is reasonably all right.

When asked about his investment firm Catamaran’s investment in SKS Microfinance, which is in the thick of controversies, Murthy said that it was legally not possible to exit from SKS at this juncture. In a statement from his office, Murthy said that Catamaran’s Rs 28.1 crore investment for 1.3 per cent stake in SKS was locked in for two years and involvement was prompted by the belief that transparent micro finance business would help the poor. Murthy said he wanted SKS management to be more transparent in corporate governance.

Source:http://www.deccanherald.com/content/108114/hire-local-talent-allay-outsourcing.html

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BT Planning Stake Sale In Indian Outsourcing Firm-Sources

October 28th, 2010

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BT Group PLC (BT) is planning to sell a part or all of its stake in Indian software company Tech Mahindra Ltd. (532755.BY) and has mandated Swiss bank Credit Suisse Group (CS) for the deal, two people familiar with the matter said Wednesday.

Sale of its 30.9% stake in Tech Mahindra could provide the U.K. telecommunications company with about $663 million cash at current market prices, at a time when it has a huge pension deficit, which has left investors worried, said analysts who didn’t want to be named.

Pune-based Tech Mahindra could lose its status as a preferred outsourcer for BT, its main client, forcing it to compete directly with larger rivals such as Infosys Technologies Ltd. (500209.BY), they added.

Tech Mahindra has lagged peers in its recovery from the financial crisis and is just beginning to show a recovery. However, any stake sale could reduce Tech Mahindra’s dependence on a single client–a point which may please investors, analysts added.

“The firm [BT Group] is looking at various options to exit its current holding of Tech Mahindra,” one of the people familiar with the matter told Dow Jones Newswires, without elaborating. Both people didn’t want to be named.

The valuation of the deal will depend on the size of the stake sale and could vary depending on whether the buyers are willing to pay a premium for a strategic stake, the first person added.

At least two private-equity investors are keen to purchase at least a part of BT’s stake in Tech Mahindra, the second person said, but didn’t name the interested buyers.

BT Group spokesman Dan Thomas said the company doesn’t comment on rumors and speculation.

“BT has operations and investments worldwide which we regularly review. India remains a critical market both for BT and our customers,” Thomas said via email.

The U.K. company owns a 30.9% stake in the Indian outsourcing firm, he added. India’s Mahindra & Mahindra Ltd. (500520.BY) holds 42.77% of Tech Mahindra, stock exchange data showed. Tech Mahindra closed 2.1% down at INR768.70 on the Bombay Stock Exchange Wednesday, with a market capitalization of INR96.64 billion.

In May, BT Chief Executive Ian Livingston said: “Owning a minority stake in anything does not mean you have operational control, so we would not see expanding via Tech Mahindra as the way we are going to expand in Asia-Pacific.”

Referring to any stake sale in Tech Mahindra, he said: “We will look at that over time.”

Tech Mahindra spokesman Prasenjit Roy said in response to an emailed query that the company doesn’t comment on market speculation.

“It’s [the Tech Mahindra stake] not really strategically important, they [BT] have a huge pension deficit and investors are worried. They would like to have the cash in their bank account,” said James Crawshaw, analyst at S&P Equity Research in London.

Crawshaw also said the stake sale could be targeted to help sustain the U.K. firm’s dividend.

Another London-based analyst, who asked not to be named, said that if a stake sale occurs, BT will benefit from reduced prices as other Indian IT service providers compete for its business.

Tech Mahindra faces a number of challenges: 43% of its total revenue comes from Europe and 25% from North America, providing greater exposure to fluctuating global markets than its local rivals. Its profits were also affected following a stake buy in fraud-hit Satyam Computer Services Ltd. in April 2009 and the company Chief Executive Sanjay Kalra’s unexpected step-down in September.

Source:http://online.wsj.com/article/BT-CO-20101027-715478.html

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