News Snippets

CII moves into posh new office
... 'The southern  region headquarters in Chennai would play
a larger role in making Tamilnadu a forerunner in industrial
development. ...
http://newstodaynet.com/31oct/bu1.htm

Cognizant to add 9,000 people in India
Cognizant plans $76m expansion
Plans  to spend  about $76 million on expanding its current
facilities in Chennai, Pune, Kolkata and Bangalore, besides
a training academy in Chennai. ...
http://www.ciol.com/content/news/Investment/2004/104102702.asp
http://sify.com/finance/equity/fullstory.php?id=13598428

Engineering a software success story  Comments
With the support of the infotech and BPO revolution, India
today  boasts of  an excellent talent pool for IT services
and products fuelled  by a friendly eco-system and lowered
development costs.
http://www.expressindia.com/fullstory.php?newsid=37830

BPO: India to get major boost
A  PricewaterhouseCoopers study  says 29  per cent of US and
European firms plan to increase outsourcing to support their
financial functions in the next 12-24 months.
http://www.rediff.com/money/2004/oct/29bpo1.htm

Bush victory = more BPO: Survey
Nearly  half of  the business and technology professionals
quizzed in a survey conducted in Silicon Valley, said that
offshoring   will increase  if President  George W Bush is
re-elected.
http://www.rediff.com/money/2004/oct/29bpo.htm

Krishna fumes over bad roads
... not improved. "Local companies may opt for Hyderabad or
Chennai.  But what  about the biggies? They may relocate to
China. Eventually ...
http://timesofindia.indiatimes.com/articleshow/903420.cms

City still tops in IT occupancy
... list. In  the first half  of the year, occupants from the
IT industry occupied 1.8 million sq ft, beating Hyderabad and
Chennai. Senior ...
http://www.business-standard.com/iceworld/storypage.php?hpFlag=Y&chklogin=N&autono=171338&leftnm=lmnu9&leftindx=9&lselect=0

Real estate zooms on BPO bike
BPO has not only fuelled the rise in job opportunities but
also the prices of real estate.
http://timesofindia.indiatimes.com/articleshow/905621.cms

48,000 US jobs lost to BPO in Jan-March
HOUSTON: Of the jobs lost, Mexico takes the biggest pie followed
by China and India.
http://timesofindia.indiatimes.com/articleshow/887600.cms

# posted by N.A.Mohan Raj Kumar @ 12:15 PM