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Tata Comms opens Data Centre in Singapore

Telecommunication service provider Tata Communications announced the opening of Tata Communications Exchange (TCX) data centre in Singapore. The six-storey data centre in Tai Seng, near Paya Lebar, is situated in the new I-Park media hub complex. It has 66,000 sq ft of data centre space and will support both domestic and international firms.

Andhra Govt and L&T sign Hyderabad Metro Project

The Andhra Pradesh state government has signed a concession agreement with L&T Hyderabad Metro Rail Pvt. Ltd. for the development of Rs 12,132-crore Hyderabad Metro Rail (L&T HMR) Project, under the public-private partnership initiative. This would be the first project with a single largest investment in Andhra Pradesh, Chief Minister K. Rosaiah said, as State [...]

Good times for Commercial Space Sector

The sector is at cross roads but signs ahead appear heartening for real estate in and around the city. If statistics are any indication, the commercial office space consumption has really taken off and there are hopes that residential segment too will follow soon. In terms of commercial office space including IT, SEZ and standalones, [...]

Indian BPO Industry – Over 15% Growth!

India’s business process outsourcing (BPO) industry is forecast to increase its revenue this fiscal year by 15 percent to 16 percent, officials of the National Association of Software and Service Companies (Nasscom) said on Wednesday. Revenue increased by 6 percent in the last fiscal year ended March 31, 2010, despite the recession, according to Nasscom. [...]

Domestic BPO Services Revenue to touch $1.6bn

India’s domestic business process management services segment is expected to achieve a revenue of USD 1.6 billion by 2014 from USD 521 million in 2009, according to Gartner. Gartner has forecast that revenue from BPO services within the domestic market will grow by 31.1 per cent from USD 521 million in 2009 to reach USD [...]

India’s Process Management Market to grow 31%

India domestic process management services (PMS) segment forecast to reach $683m in 2010, a 31.1% increase from 2009 revenue of $521m, according to global consultancy Gartner. The market will experience steady growth through 2014 when process management services revenue in India will reach $1.6bn. Large scale outsourcing of process management will bring in the next [...]

USA & Europe save $30 Billion by outsourcing to India

U.S. and European companies saved a whopping $25 to $30 billion in 2009 alone on account of their outsourcing work to Indian companies. U.S.-based customers are seen to have saved $14-19 billion and European ones $9-12 billion, reports The Times of India. According to a recently concluded study by Nasscom in association with research firm [...]

Why Information Technology Outsourcing is Still Alive

IT outsourcing has long been demonstrated to be a thriving strategy and its significance has only magnified with time. The latest global financial crisis has pressed companies large and small to trim their costs and play all the more efficiently; hence, outsourcing IT jobs is on the rise again. While you can outsource a number [...]

NAR India

Introduction Real estate in India makes an enormous contribution to development of the economy, national growth and GDP. Real estate is the largest employment generator, perhaps only after agriculture. However, despite the significance of this industry, it has always remained a very disorganized one. While the building materials, construction equipment, financers and developers have fairly improved business practices, [...]

Govt relaxes norms for SEZs

While concerns over the adverse impact of the Direct Taxes Code on Special Economic Zones run amok, the Government has relaxed the minimum built-up area norms for these tax-free enclaves coming up in smaller cities. The move will mainly spur investments in IT/ITES SEZs in Tier 2 and Tier 3 cities and also help sectors [...]