Tata Consultancy Services (TCS), India’s largest software exporter, is effecting a small across-the-board cut in employee salaries based on the company’s performance in the third quarter, a move reflecting caution amid tough times for the outsourcing industry. A top company official confirmed the move while stock market analysts said TCS is sending signals that revenue […]

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Countering the rancour in the West against outsourcing of jobs, Azim Premji, chairman, Wipro, said talent shortage made a mockery of the claim that India was stealing jobs from the West.
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Bangalore, Jan 29 (IANS): The Indian BPO (business process outsourcing) industry should be booming in next four years, a study here has said and forecast that it would touch $50 billion by 2012 from the current $11 billion and create over two million direct jobs in the country.
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LONDON: Reeling under huge subprime-related losses, Citigroup is planning to axe close to 400 employees in its UK investment banking business, which it might soon follow with job cuts at other places including India, a report said.
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Hundreds of angry youths on Saturday ransacked the venue of an international job fair here accusing the organisers of “duping” them, leading to a police lathicharge and cancellation of the event.
The fair, organised with the aim of providing 1,000 overseas jobs, including in India, on the spot, had the backing of government agencies […]

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