Rise of Rupees and US recession – the honeymoon is over for Indian IT companies
Babu Ghanta
Nov. 20, 2007

Indian IT companies have no products. They sell bodies to Americans and Europeans just like Indian traders used to sell spices to East India Company from Britain centuries back before British sneakily took care of Indian independence.

Now the Rupee is appreciating against dollar. The US is in recession after the mortgage fiasco and liquidity collapse. The Indian IT companies are running for the cover. The days of easy money are over. They have to perform and earn their living again.

According to Assocham, the Indian IT companies are finding it difficult to maintain high growth rates in sales and profit.

The hiring spree of IT companies seems to have slowed and the employment outlook for the current financial year is not as encouraging as it was last year.

Rise of Rupees and US recession – the honeymoon is over for Indian IT companies
Babu Ghanta
Now the Rupee is appreciating against dollar. The US is in recession after the mortgage fiasco and liquidity collapse. The Indian IT companies are running for the cover. The days of easy money are over. They have to perform and earn their living again.
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Islamic Jihadists with covert support from Pakistan’s ISI targeting American software outsourcing centers in Bangalore – how native Indian workers are taking advantage of that
Babu Ghanta
Some native Indian workers are taking advantage of that terror scare. By calling and telling authorities that they planted bomb in sensitive buildings where Americans operate; they are creating vacation days for themselves.
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Call center cyber crime increasing – many trying to hack into bank websites and illegally withdraw millions – one gets into police net
Harsh Patel
According to local natives ion Pune and Bangalore, the biggest incentive to work in a call center is to be able to hack the bank accounts and steal millions of the bank customers.
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Ford plans to take advantage of Free Trade Agreement between India and Thailand to introduce the most fabulous small car in India
Nita Singh
The Free Trade Agreement between India and Thailand can allow Ford to introduce a small car Mazda 2 in India imported from Thailand. The car will be exported into India from the car plant in Thailand in alliance with Japanese automobile company Mazda.
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Biomedical engineering is the new wave of outsourcing from India – can India catch up?
Harish Baliga
In IT, Indian software engineers have performed superbly in performing reengineering of legacy systems that the western software engineers preferred not to work on. The same can follow in biomedical engineering.
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Apartheid or legitimate rights of UK citizens – ‘British jobs for British workers’ slogan
Harish Baliga
The best way to approach this is to bring an end to the currency manipulation by Asian countries including China. But that is something that China and others are resisting.
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The greed of dollar and euro by Indian oligarchs sends BPO girls towards rape, sexual assault and murder - 21-year-old BPO girl raped and murdered in Pune
Shaan Mathur
The Indian oligarchs who run these companies are shameless. They steal jobs form American and European common people. They use common people of India, slave them with low pay compared to what they receive from the companies in Europe and America.
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