Skyline Global Outsourcing Update

India has led the way in providing outsourcing goods and has supplied an extensive amount of outsourcing services to corporations across the globe for many years. Outsourcing to India is today identified as the globe s principle outsourcing solution. India has a large pool of English speaking, educated, trained and technically skilled workers that grows year on year. Utilizing this workforce has enabled India to supply value for dollars services that of are of an equal top quality to those offered anywhere.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

The outsourcing of trading of NASDAQ Dubai equities to Dubai Financial Market’s (DFM’s) systems took place successfully and on schedule today. Trading took place in the shares of DP World and Depa through UAE and international brokers before the market close at 2pm (10am GMT). Jeff Singer, Chief Executive of NASDAQ Dubai, said: We are delighted to have achieved a successful migration to DFM’s trading platform. This has been a joint effort involving many of our market participants and we are grateful for their support. We now look forward to higher trading volumes in due course. Already several more UAE brokers have inquired today about how to become a Member of NASDAQ Dubai.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

India has led the way in providing outsourcing goods and has supplied an extensive amount of outsourcing services to corporations across the globe for many years. Outsourcing to India is today identified as the globe s principle outsourcing solution. India has a large pool of English speaking, educated, trained and technically skilled workers that grows year on year. Utilizing this workforce has enabled India to supply value for dollars services that of are of an equal top quality to those offered anywhere.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Ekuiti Nasional Bhd (Ekuinas) has appointed CIMB Private Equity Sdn Bhd, KFH Asset Management Sdn Bhd and Navis Capital Partners as outsourced fund managers to invest in Malaysian companies with high-growth potential. The outsourced fund managers, under its first tranche outsourcing programme, underwent a rigorous evaluation process to ensure the selection adhered to global best practices. We believe the three firms have the necessary credentials and experience in successfully managing private equity funds and to ensure the best companies are selected for investments, said Ekuinas Chairman Raja Tan Sri Datuk Seri Arshad Raja Tun Uda.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Montreal's CGI Group Inc., Canada's largest independent computer services firm, said Wednesday it has signed a seven-year outsourcing contract with the Beer Store, Ontario's primary distribution and sales channel for beer. CGI will become the infrastructure IT supplier for The Beer Store (TBS) and the contract includes some services for Brewers Distributor Ltd., a wholesale distributor and collector of returnable, refillable and recyclable beer containers in Western Canada. CGI would not disclose the total value of the "multi-million dollar" deal, but said it has invested heavily to support the scale and scope of this contract. The Beer Store sells 85 per cent of the beer in Ontario through 438 retail stores and supplies Ontario LCBO stores, 16,000 bars and restaurants and 604 Liquor Control Board of Ontario stores, 141 retail partner stores and 75 LCBO agency stores.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

WNS leading provider of global business process outsourcing (BPO) services, today announced that it will refinance its existing term loan facility to take advantage of lower interest rates. The refinancing will entail making the third scheduled repayment of $20 million on the existing term loan, and prepaying the remaining $115 million on the loan with cash on hand and proceeds from a new term loan facility for $94 million that WNS has obtained vide facility agreement dated July 2, 2010 from HSBC, Hong Kong, DBS Bank Ltd, Singapore and BNP Paribas, Singapore. There are no penalties for the prepayment, which is expected to take place on July 12, 2010. WNS also announced today that it has established a $30 million line of credit in the U.K., which will be drawn down from time to time to partly fund WNS's U.K. business.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

A 4am Monday morning pick-up for work sounds like most people’s worst nightmare. But this is what many Indian IT companies and call centre firms had to resort to yesterday to ensure their employees got to work on time because of the country-wide BJP and Left party led shutdown. Determined to ensure business as usual for its foreign clients despite the strike against fuel deregulation, Tata Consultancy Services, India’s largest IT services exporter, arranged for buses to collect its employees. IT firms, Wipro and Infosys, closed their Bangalore offices for the day in anticipation of the shutdown in the BJP ruled state of Karnataka, realising the difficulties their employees would face in getting to work. Many firms moved critical operations to centres in other cities to ensure that important client services would not be affected by shutdown.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Indias MindTree is looking to grab a bigger share of the multi-billion dollar domestic technology sector, as the software services provider moves to reduce its dependence on the overseas market.The company has already bagged a prestigious contract from the Unique Identification Authority of India, or UIDAI, to play a part in project Aadhaar, which will assign biometric identities to more than one billion people. MindTree will provide software design, development, testing, maintenance and support services to UIDAI.

The company expects to start booking revenue from the contract this quarter, chief executive of information technology services, says Anjan Lahiri."Revenues clearly have started flowing in," Lahiri said, without elaborating. MindTree currently only gets about 6.3% of its revenue from the domestic market, but it is increasingly targeting India for growth as demand for outsourcing services picks up in the country, while major markets--the U.S. and Europe-remain cautious on technology spending.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

So why is Ford winless in NASCAR this year, off a terrible slump last year? Short answer: computer software, data analysis and outsourcing. Not engines, not chassis, not aerodynamics, not drivers, not crews, not money. This according to the man positioned best in all the world to know why Ford is winless: Jack Roush, engineer, entrepreneur, team owner and such a total Ford loyalist that you wonder if he's not really in the bloodline (maybe one of the Ford daughters married a Roush somewhere in the family tree?) First, Roush's disclaimer: "I won't take the rap for not winning in all three series because we haven't competed in the Truck series this year."
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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Volatile currency exchange rates and a potentially spiralling debt crisis in Europe are cause for worry, a senior executive with U.S.-listed business process outsourcing company WNS (Holdings) Ltd. (WNS) said Wednesday. It (foreign exchange volatility) will impact WNS's topline," Chief Executive Officer Keshav Murugesh told Dow Jones Newswires in an interview. "From a margin point of view, it may not be much of an impact because our costs are also in Euro and (British) pounds." But Murugesh is worried that Europe may follow the U.S., where companies delayed technology spending in 2009.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

India's back-office outsourcing business will post a growth of 15-16 percent in the year to March 2011 on growing demand from overseas clients, the head of a leading industry group said on Wednesday. The export-driven sector has not seen any adverse impact from the European debt crisis, Som Mittal, president of the National Association of Software and Service Companies (NASSCOM), told reporters. India's back-office outsourcing sector is estimated to have grown 6 percent to $12.4 billion in the last fiscal year that ended in March. (Reporting by Bharghavi Nagaraju; Editing by Ranjit Gangadharan)

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Indias largest IT player in infrastructure management services HCL Technologies has outbid global majors such as IBM, CSC and HP to wina $79-million deal to manage the IT infrastructure of Singapore Exchange. HCL Technologies on Monday said that it has signed a five-year IT infrastructure outsourcing agreement worth S$110 million, to establish a state-of-the-art data centre and seamlessly connect other global trading hubs to Singapore Exchange (SGX).

BSE listed HCL Technologies stock went up Rs 12, or 3.3 percent, following the announcement of the deal. SGX stock listed on its own exchange went up marginally to close at S$7.5. Industry sources said that HCL Technologies was the sole Indian bidder amongst the seven players that bid for the deal. The deal may open doors for Indian IT companies as many global stock exchanges are looking at IT restructuring, reducing latency and cutting costs.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

IT services company, Cognizant, has acquired global program management consultancy, PIPC Group, to expand its project management skills base. PIPC has some 200 professionals worldwide, mainly in the UK, Australia and New Zealand.

Cognizant president and CEO, Francisco D’Souza, said PIPC’s program management experts will be a welcome addition to Cognizant. PIPC’s strategic program management offerings will strengthen our ability to manage increasingly complex global projects while expanding our geographic footprint, particularly in Australia, New Zealand and the UK, D’Souza said. Formed as the technology arm of the Dun & Bradstreet Corporation in 1994, Cognizant offers outsourcing to India and other geographies. The company has more than 50 global delivery centres and about 85,500 employees.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

An Indian outsourcing firm is to run one of its data handling centres in a local prison as part of a public/private partnership.

Radiant Info Systems has reached a deal with the Indian state of Andhra Pradesh to hire 200 inmates of a state jail to work on data entry and the processing and transmitting of information. The idea is to ensure a good future for the educated convicts after they come out of jail, C N Gopinath Reddy, director general of prisons in Andhra Pradesh, told the BBC.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

HCL Technologies has been ranked # 1 in both Tier 1 Traditional IT Infrastructure Outsourcing and Remote Infrastructure Management Outsourcing (RIMO) space in the 2009-10 survey conducted by Datamonitor.

The survey covers over 700 contracts held by 3,100 of the top ITO spending corporations and organizations globally and shares results across tier 1 and mid-tier companies. HCL Technologies has won the top slot because of its focus on innovation, training and building long lasting client relationships by ensuring great customer experience.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

CompuCom Systems, Inc., the leading IT outsourcing specialist, has changed the name of its Canadian operations, formerly known as CCSI Technology Solutions, to CompuCom Canada Co. This change unites all operations of CompuCom under one name and logo, providing a consistent brand across North America.

Rebranding in Canada is an important part of our strategy and another step in the evolution of our company," stated Phil Soper, Vice President and General Manager of CompuCom Canada. "While our name is changing, the service excellence our clients have come to expect from our organization remains the same. CompuCom Canada is headquartered in Mississauga, ON, and delivers a broad range of IT services to clients across all the provinces of Canada.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Cognizant Technology Solutions Corp (CTSH.O) is expected to post strong first-quarter results and possibly increase its outlook for the year, driven by robust demand for outsourcing services. Investors are looking past the quarter to see how much the IT services provider will grow in 2010. Some analysts say the company could guide for at least 22 percent revenue growth in 2010. In February, Cognizant gave a 2010 growth outlook of 20 percent, an estimate most analysts view as conservative. In 2009, it grew 16 percent.

The company, which offers business process outsourcing and consulting services, is seen as one of the key beneficiaries of the sharply rebounding $60 billion Indian outsourcing market. Most of the employees and development centers of Teaneck, New Jersey-based Cognizant are based in India.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Dell announced today that its wholly-owned subsidiary, Perot Systems Government Services, based in Fairfax, Va., is providing a wide range of business process outsourcing (BPO) functions to help simplify operations for the U.S. Citizenship and Immigration Services (USCIS) Field Office Support Services (FOSS). Starting March 15, Perot Systems began providing the necessary resources to help the agency process citizenship and immigration applications in more than 60 of the agency's facilities across the country. In addition, the engagement also encompasses managing records distribution and maintenance, file operations and maintenance, ile and pending application and petition inventory requirements, FBI name and fingerprint checks, interview and oath ceremony scheduling, and data entry.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBAinstitutes in Delhi, Gurgaon (NCR).