Nearshore Journal

By Amol Sharma
Browse the typical I.T. company’s Web site and you’ll find a long list of tired, meaningless clichés in the “About Us” section. Something like: “We create value for clients with unique end-to-end solutions that streamline business processes and enhance operational efficiency.” Look depressingly familiar?
Marketing guru David Meerman Scott took India’s tech companies to [...]

Thomson Reuters today announced it has successfully completed a Statement on Auditing Standards No.70 (SAS 70) Type II examination of its leading full-service investment management business process outsourcing solution (BPO). The audit provides assurance that Thomson Reuters PORTIA employs uniform and reliable operational controls to safeguard the data of its outsourced services customers worldwide.
Thomson Reuters [...]

US largest drugstore chain Walgreens has announced a 10-year outsourcing deal with Indias BPO provider Genpact. As part of the contract, Walgreens will shift its accounting processes and jobs to Genpact, a move that will involve transfer of at least 500 jobs. This is Genpact fourth-large deal in past three months, signaling a gradual [...]

By MADHAV A. CHANCHANI
It has picked up an additional 2.9% stake via an open market transaction in the BSE-listed entity.
Sequoia Capital is increasing its stake in knowledge process outsourcing firm eClerx Services Ltd.
The venture and growth capital investor has picked up an additional 2.9% stake in the BSE-listed eClerx through an open market transaction for [...]

We’ve certainly picked on cruise line Carnival Corp. (CCL) and its Chairman and CEO, Micky Arison over the years for some unusual perks like Miami Heat tickets and corporate jet usage (see here and here among others). But as we were reading the company’s recent proxy, we actually came across a footnote that seemed worth [...]

By Gary S. Greenstein, Esq.
For hundreds of years contract law has been clear – fraud is outside the bounds of a contract. If you commit fraud, you will not be protected by a contractual provision that limits liability for direct damages or excludes indirect damages.
The recent ruling against EDS on a claim of fraudulent [...]

Affiliated Computer Services, Inc. (ACS), a Xerox Company (NYSE: XRX), today unveiled a new state-of-the-art flagship data centre that could serve as an industry model by simultaneously cutting carbon emissions and reducing energy costs.

The new £2 million ($3 million USD), 418 sq. m (4,500 square feet) facility located in Telford combines best-of-breed technology with the [...]