NEW DELHI/ SHIRDHON, India, Nov 28- Pandurang Ghorpade has the weather to thank as he hands out celebratory sweets to neighbours eager for a ride on his prized new possession, a gleaming red tractor bought in anticipation of a bumper harvest.» Read More
LONDON, Nov 18- Capita's veteran boss Paul Pindar, who built a small IT consultancy into Britain's largest outsourcing group, is to step down after 26 years with the company, walking away from a sector facing greater scrutiny for being too reliant on a few major firms.
LONDON, Nov 18- Capita Chief Executive Paul Pindar is to quit Britain's largest outsourcing company in early 2014, leaving after 26 years as the sector faces up to greater scrutiny and possibly tougher times ahead.
LONDON, Nov 15- Ageing North Sea fields are being abandoned by oil majors and increasingly rely on national oil companies from countries such as China and large service providers to keep the oil- and tax revenues- flowing.
*Hon Hai says Q3 net profit T $30.75 bln vs consensus T $25.99 bln. TAIPEI, Nov 13- Hon Hai Precision Industry's decision to move away from major client Apple Inc and the lower-value electronics contract manufacturing business is a long-term bet that will improve margins and offset rising labour costs.
TAIPEI, Nov 13- Hon Hai Precision Industry's decision to move away from major client Apple Inc and the lower-value electronics contract manufacturing business is a long-term bet that will improve margins and offset rising labour costs. "Its enlarging scale will help Hon Hai's margins in Q3 and Q4," said Kylie Huang, Taipei- based analyst at Daiwa Securities.
*Infosys says no limit on eligibility for U.S. federal contracts. BANGALORE/ WASHINGTON, Oct 30- Tech services giant Infosys Ltd agreed on Wednesday to pay $34 million to end a U.S. investigation related to the widespread practice by Indian firms of flying workers to client sites in the United States on temporary visas.
*Net profit falls to 229 mln Sfr, beats poll. ZURICH, Nov 7- Barry Callebaut, the world's No. 1 chocolate and cocoa maker, beat analysts' forecasts on Thursday as big food groups, such as Nestle and Mondelez, outsource more chocolate making and as confectionery sales rise worldwide.
Nov 5- IT services firm Cognizant Technology Solutions Corp reported a better-than-expected 22 percent rise in quarterly revenue as businesses, especially financial firms and companies in Europe, outsourced more work and increased spending on consulting.
*Infosys says no limit on eligibility for U.S. federal contracts. BANGALORE, Oct 30- Infosys Ltd said on Wednesday it has reached a $34 million settlement with U.S. authorities in a case involving the widespread practice by Indian firms of flying workers to client sites in the United States on temporary visas.
LONDON, Oct 25- The chief executive of outsourcing firm Serco has quit as part of a major reorganisation aimed at rebuilding its reputation with its biggest customer, the British government, following a series of scandals.
LONDON, Oct 25- Serco, the global outsourcing firm battling to save its relationship with the British government after a series of scandals, said its chief executive had quit as part of a major reorganisation aimed at restoring its reputation.
Oct 24- Xerox Corp warned that operating margins in what is now its biggest business, outsourcing services, would remain low in the current quarter due to the loss earlier this year of a high-margin federal contract to handle student loans.
Oct 24- Xerox Corp forecast adjusted earnings for the current quarter below analysts' estimates as the company expects to take charges related to restructuring in its outsourcing business, sending its shares down 4 percent before the bell.
TAOYUAN, Taiwan, Oct 23- Taiwanese smartphone maker HTC Corp has halted at least one of its four main manufacturing lines, accounting for at least a fifth of total capacity, and is outsourcing production as a sales slump puts pressure on its cash flow, according to sources with direct knowledge of the situation.
BANGALORE, Oct 22- Wipro Ltd, India's third-largest IT services exporter, beat quarterly profit expectations as revenue in its core business grew at the fastest rate quarter-on-quarter in almost two years, thanks to higher spending by its biggest clients.
Oct 17- Pactera Technology International Ltd, China's largest technology outsourcing company, agreed to be taken private by a consortium led by Blackstone Group LP for $625 million, after a month of wrangling over the sale price.
Over the past 50 years, Boeing has increasingly outsourced large airplane pieces such as wings and fuselage sections. The virtuous circle gave work to Japan's heavy industrial companies and helped Boeing keep Airbus largely out of the Japanese market.
BANGALORE, Oct 9- India's IT outsourcers, long bit players in continental Europe, are looking to win over more people like Hans-Petter Aanby.
NEW YORK, Oct 8- U.S. stocks slid on Tuesday as traders cashed in gains in some of the year's best performers amid little progress to end a political crisis in Washington that could affect the U.S. fiscal standing and economic recovery. Shares of LinkedIn lost 5.9 percent to $223.14, and Netflix fell 4.7 percent to $303.06.
Oct 8- Xerox Corp said the U.S. Securities and Exchange Commission was investigating some accounting practices at Affiliated Computer Services, an IT outsourcing firm it bought in 2010 for $5.5 billion.