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India’s top three outsourcing companies are ramping up hiring and increasing pay as global corporations, mainly from the U.S., send more work offshore to cut costs as they emerge from the downturn. Tata Consultancy Services, Infosys and Wipro expanded their global workforces by an average of 5.1 percent last quarter, together adding 16,701 employees, company documents show.
India’s top three outsourcing companies are ramping up hiring and increasing pay as global corporations, mainly from the U.S., send more work offshore to cut costs as they emerge from the downturn. Tata Consultancy Services, Infosys and Wipro expanded their global workforces by an average of 5.1 percent last quarter, together adding 16,701 employees, company documents show.
Pricewaterhouse, auditors of the troubled Indian outsourcing giant Satyam Computer Services, said Wednesday that its audit reports for the last eight years relied on potentially false data provided by the company and should be disregarded. “Our audit reports and opinions in relation to the financial statements for the Audit Period should no longer be relied upon,” Pricewaterhouse wrote in a letter.
It can scale mountains in a single bound and wend its way down the most wretched roads. It is the mighty cell phone signal — and the latest hope for bringing financial services to the world’s masses who don’t have access to banks. Grameen Solutions has teamed with Obopay to bring banking to a billion poor people using cell phones.