Bangalore violence - a wake up call for American and European IT sector to get out of India fast
Harish Baliga
Apr. 14, 2006

The violence showed that India especially Bangalore has changed little and is just outright unsafe as IT operational hub of the world.

It is a wake up call for American and European outsourcing sectors. It is time to get out of India and diversify as soon as possible.

According to media reports, rioting by fans, mourning the death of Kannada film icon Rajkumar, would have cost the technology hub of Bangalore around $160 million, with software firms losing $40 million in revenues.

TV Mohandas Pai, chief financial officer at Infosys Technologies Ltd, said his company lost $4 million on Thursday, when mobs brought work to a standstill in the city.

The violence by tens of thousands of fans mourning the 77-year-old actor left at least five people dead, and disrupted work in the country's silicon capital that is also home to Microsoft Corp and IBM.

Bangalore violence - a wake up call for American and European IT sector to get out of India fast
Harish Baliga
The violence showed that India especially Bangalore has changed little and is just outright unsafe as IT operational hub of the world....
READ MORE>>

Infosys net profit jumped 30.2 pct., revenue exceeded US$2 billion
Media Release
It took us 23 years to reach the first billion dollars in revenues while we reached the next billion dollars in 23 months : Nandan Nilekani, the company's chief executive officer
READ MORE>>

Companies who send work Offshore contracts to India and China facing rapidly inflating salaries, high staff turnover and cultural frictions : PricewaterhouseCoopers report
Media Release
Companies who send work offshore to places like India and China to cut costs are finding it is not such an easy ride.
READ MORE>>

Tata Consultancy Services (TCS) is in the final stages of negotiations with Deutsche Bank for an outsourcing deal estimated at around 1 bln usd
Media Release
India's TCS nears 1 bln usd outsourcing deal with Deutsche Bank
READ MORE>>

Harvard Business School dilutes its reputation with partnership with Indian outsourcing oligarch
Kiran Chaube
It is a shame for Barvard Business School to associate itself with Indian outsourcing oligarchs.....
READ MORE>>

Roche group is exploring possibilities of partnering with Indian biotechnology companies
Media Release
Roche group is exploring possibilities of partnering with Indian biotechnology companies for product manufacturing, research outsourcing and other pharma service outsourcing, Business Standard reported, citing industry sources.
READ MORE>>

The new outsourcing trend - financial planning, mortgage broking and investment property sourcing - UK-based MoneyWise takes lead
Media Release
UK-based MoneyWise
READ MORE>>

MORE ARTICLES >>