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  • MUMBAI, Jan 12- Tata Consultancy Services Ltd is eyeing acquisitions in Europe as well as healthcare technology companies in the U.S. to boost growth, its chief executive said on Tuesday, as India's largest IT services exporter post a 12- percent rise in quarterly profit. India's export-driven outsourcing firms are betting on U.S. healthcare reform to fire up...

  • Jan 11- Outsourcing company Xchanging Plc said it did not expect a superior cash offer from Ebix Inc and urged shareholders to accept a bid from U.S.-based Computer Sciences Corp.. Insurance software company Ebix had in November made a 450 million pound takeover approach for Xchanging, which offers services ranging from back-office invoice processing to...

  • Jan 8- Breast implant maker Sientra Inc said its medical implants were found to be safe during a third-party testing, three months after it suspended sales of the devices to ensure technical compliance. In a letter to plastic surgeons dated Thursday, Chief Executive Jeffrey Nugent said the regulatory bodies had reviewed the device and found it to be safe and...

  • Key Apple contract manufacturer Foxconn will cut working hours over the week-long Lunar New Year holiday, a person familiar with the matter said, which would be a rare move. Taiwan- based Foxconn, formally known as Hon Hai Precision Industry Co Ltd, assembles the latest iPhones at factories in China where it employs hundreds of thousands of people, and typically...

  • Dec 21- Google is said to be in talks with automaker Ford Motor Co to help build the Internet search company's autonomous cars, Automotive News reported, citing a person with knowledge of the project. The contract manufacturing deal, if finalised, is expected to come during the annual International Consumer Electronics Show in Las Vegas during the first week of...

  • Dec 17- Accenture Plc reported a better-than-expected jump in quarterly revenue, helped by strong growth in its consulting business, particularly in North America. The business accounts for just over half of Accenture's revenue, with its outsourcing unit contributing the rest. Accenture has been investing heavily to boost its digital business, which offers...

  • MUMBAI, Dec 16- U.S. private equity firm Blackstone Group LP has bought a minority stake in India's IBS Software for $170 million from General Atlantic and other shareholders. No details were provided on the size of the stake but Amit Dixit, senior managing director and co-head of private equity at Blackstone, India, told Reuters the stake was "significant".

  • MUMBAI/ TURIN, Dec 14- India's Mahindra group, with interests from tractors to IT outsourcing, has agreed to buy Italy's Pininfarina SpA in an all-cash deal valuing the Turin- based car designer at just a quarter of its closing price on Friday. In March for instance China National Chemical Corp agreed to buy into tire maker Pirelli& C SpA in a 7.3 billion euro deal.

  • MUMBAI, Dec 14- India's Mahindra group, with interests in cars and tractors, finance and IT outsourcing services, is to buy Italian car designer Pininfarina for about 33 million euros in an all-cash deal. In March, China National Chemical Corp agreed to buy into tire-maker Pirelli in a 7.3 billion euro deal. Mahindra will do the deal via a new unit in which automaker...

  • MUMBAI, Dec 14- India's Mahindra group, with interests in automobiles, finance and IT services, has agreed to buy Italian car designer Pininfarina for about 33 million euros to boost its design capabilities. The deal will be done via a new unit in which automaker Mahindra& Mahindra Ltd will hold 40 percent and Tech Mahindra Ltd, the IT outsourcing arm, will own the...

  • *CSC to buy Xchanging for 190 p/shr in cash. *Xchanging recommends CSC offer over Capita bid. Dec 9- British outsourcing company Xchanging Plc agreed to be bought by Computer Sciences Corp for about 480 million pounds after the U.S. technology consulting company topped an offer from Capita Plc.

  • Dec 9- Technology consulting company Computer Sciences Corp will buy Xchanging Plc for about 480 million pounds, the companies said, beating out other suitors in a bidding war for the insurance-focused outsourcing company. The cash offer of 190 pence per share represents a premium of about 72 percent to Xchanging's closing price on Oct. 2, the day before the...

  • LONDON, Dec 7- British outsourcing company Serco on Monday showed that its revival will be a long process, warning that revenue and trading profit would fall in 2016, due to the sale of a call centre business and some lost contracts, sending its shares down more than 10 percent. Serco, whose UK division accounts for about half of its business, said it expected revenue...

  • LONDON, Dec 7- British outsourcing firm Serco said on Monday it expected revenue and trading profit to fall in 2016, due to the sale of its offshore call center business and a number of lost contracts. Serco has suffered over the past few years, following problems with government contracts that included overcharging the British government for monitoring...

  • CHENNAI, India, Dec 5- India deployed hundreds of extra soldiers and relief workers to the flooded city of Chennai on Saturday, as criticism mounted that the government has been slow to respond to the heaviest rains in a century. Chennai has boomed as a centre for vehicle factories and IT outsourcing, but trash-filled drains and building on lake beds in the rush to...

  • CHENNAI, India, Dec 2- The heaviest rainfall in over a century caused massive flooding across the Indian state of Tamil Nadu, driving thousands from their homes, shutting auto factories and paralysing the airport in the state capital Chennai. Prime Minister Narendra Modi has blamed climate change for the rain, injecting urgency into the debate at global climate...

  • CHENNAI, India, Dec 2- The heaviest rainfall in over a century caused widespread flooding across the southern Indian state of Tamil Nadu, driving thousands of people from their homes, shutting down factories and paralysing the airport in the state capital Chennai. India's fourth-largest city is a major auto manufacturing and IT outsourcing hub for companies...

  • CHICAGO, Nov 19- Congress pounded one more nail in the coffin of traditional pensions earlier this month- and it did not have to happen. Adding insult to injury, Congress did not increase funding for multi-employer pension funds- even though it is in much worse financial shape than PBGC's single-employer program; multi-employer premiums are not counted as...

  • Is it safe to outsource workers?

    Jeff Gravenhorst, CEO of ISS, which employs more than 510,000 people, says he is certain the company has not hired potential terrorists because it has very good vetting procedures.

  • Nov 16- Insurance software maker Ebix Inc said it made a takeover approach for Xchanging Plc, valuing the outsourcing company at about 450 million pounds. Ebix said it sent a letter to Xchanging outlining a potential cash offer for the company at 175 pence per share. Xchanging, which confirmed the talks, has already agreed to a 412 million-pound cash offer from...