New Appointments at Auriga

New Appointments at Auriga

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The beginning of 2014 was marked by two key appointments at Auriga. Elena Baranova was appointed as Director of Engineering, and Andrey Medarev was named Sales Director. Both appointments are aimed at strengthening the company’s position in the software development outsourcing market. As Director of Engineering, Elena Baranova will oversee all processes with regard to software development/enhancement, implementation, maintenance, and support. Prior to joining Auriga, Mrs. Baranova was employed by Intel Corporation, where she worked in IT Project Management. During her professional career, Mrs. Baranova demonstrated strong leadership capabilities and the ability to build high-performing teams and to accomplish identified goals. She joined Auriga in June 2013 as a Project Manager for one of the largest company’s projects and gained a strong endorsement from the customer. In just six months,…
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Accenture Recognized by Analyst Firm Ovum as European Market Leader for P&C Insurance Policy Administration Platform

Accenture Recognized by Analyst Firm Ovum as European Market Leader for P&C Insurance Policy Administration Platform

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Accenture has been named a “Market Leader” for its Accenture Duck Creek Policy software in Ovum’s report titled, “Ovum Decision Matrix: Selecting a P&C Insurance Policy Administration Platform – Europe, 2013–14”1. The Decision Matrix report provides a detailed assessment of eight leading platform vendors serving the European property & casualty (P&C) insurance sector based on a quantitative assessment of the vendor’s influence on the market and the quality and breadth of the functionality provided by its platform and underlying technology. According to Ovum, the “Market Leaders” category represents the leading solutions that are worthy of a place on most technology-selection shortlists. Vendors in this category have established a commanding market position with a complete or near-complete offering that addresses overall market requirements with a strong technology capability. “We see Accenture’s…
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Tata Consultancy Services set to replace Genpact as top BPO

Tata Consultancy Services set to replace Genpact as top BPO

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The BPO unit of Tata Consultancy Services (TCS) is set to take the No. 1 slot in the business category in India, replacing long-time leader Genpact. The change in BPO market ranking could happen either in the just-concluded December quarter or the ongoing January-March quarter. TCS has been fast narrowing the BPO revenue differential between the two companies, and there was just a $3.8-million gap between the two in the September quarter. In the December quarter, TCS's BPO revenues rose 13.8%, to $416 million, compared to the year-ago period. Genpact is due to announce its results for the quarter on February 6. It would be able to hold on to its lead if it has a year-on-year growth of 6.7% in its BPO business. In the September quarter, that business…
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Indian IT companies still cautiously watching US Immigration Bill

Indian IT companies still cautiously watching US Immigration Bill

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Although President Barack Obama did not touch on discriminatory clauses in the US’s Immigration Bill during his State of the Union address on Tuesday, Indian IT service companies remain cautious. In a statement, industry body Nasscom said the US President’s address did not refer to the outsourcing industry or any particular country and added that the focus on Science Technology Engineering and Mathematics (STEM) education will open up opportunities for Indian IT. Despite this, the industry is still watching the signals given out by lawmakers in the US. The country contributes over 60 per cent of the industry’s $100 billion revenue. “As an industry, we are concerned,” said Subroto Bagchi, Chairman of Mindtree, adding that the Bill, yet to be passed by the US House of Representatives, might take a…
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Convergys laying off 250 in Jacksonville

Convergys laying off 250 in Jacksonville

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Convergys Corp. is cutting 20 percent of its Jacksonville workforce, according to a Worker Adjustment and Retraining Notification notice filed with the state Wednesday. The Cincinnati-based customer management giant is eliminating 250 positions from its center at 8000 Baymeadows Way. The job cuts come a day after the firm canceled a job fair at the last minute. The company was expected to hire 80 employees at the fair. As of July, the company had about 1,200 workers in Jacksonville. Earlier this month, Convergys announced it was buying Stream Global Services Inc. for $820 million, creating the second largest customer management services provider in the world, the Cincinnati Business Courier reported. The company was not able to be reached for comment. Earlier this month the company announced it was closing a…
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After H-1B, US to take closer look at L-1 visa applications

After H-1B, US to take closer look at L-1 visa applications

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Visa applications by India's software services firms that get roughly half their revenue from work done at client sites overseas are likely to come under greater scrutiny this year in their biggest market, as the United States looks to tighten these rules. Infosys, Tata Consultancy Services and other Indian IT firms will have to deal with site inspections by the US Citizenship and Immigration Services (USCIS) that now include holders of L-1 visas, the second most popular visas for Indian IT firms. Indian companies already face greater scrutiny of their H-1B visas, the most widely used short-term work permits by the $108 billion outsourcing industry, to outplace staff at client sites. Over the past two months, the USCIS has said it will inspect L-1 holders as well. For the IT…
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IDC recognises Wipro as ‘global leader’

IDC recognises Wipro as ‘global leader’

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IT services major Wipro has been recognised as a “global leader” in servicing life science companies, according to a study by the international research and advisory firm, International Data Corporation (IDC). The study, which assessed IT service vendors of the global life science manufacturing and supply chain, was based an evaluation of 24 parameters, claimed a release issued by Wipro. Wipro claimed that the study found the company had “extensive experience” serving medical device companies and “mid-level” experience serving pharmaceutical and biotechnology companies. “The vast majority of Wipro’s life science customers are large corporations with revenues of over one billion dollars, with a smaller portion spread across midsize and small firms,” it said. Although half of the company’s client base is concentrated in North America, it also has a significant…
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Bank of America staff cuts spell good news for Indian IT firms

Bank of America staff cuts spell good news for Indian IT firms

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Indian IT companies' recent strong positive commentary on greater demand from their top customers was underscored earlier this week by more sombre news for in-house technology staff at Bank of America Corp. Even as the Indian companies gear up for increased business from financial clients, their biggest customers, that the demand is still being driven by a strong cost-cutting effort was reiterated by BAC's news. The second-largest US bank, widely believed to be one of the largest clients of Bangalore-based Infosys, India's No. 2 software services provider, was reported to be cutting an undisclosed number of technology jobs, prompting some analysts to say Indian IT firms could benefit. "The way all these banks are cutting costs, it's definitely good news for Indian IT, not just Infosys," said a top official…
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Infosys appoints Pravin Rao as whole-time director

Infosys appoints Pravin Rao as whole-time director

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Infosys, India’s second largest information technology (IT) services company, has appointed President and Board Member U B Pravin Rao as a whole-time director for a period of five years, starting January 10, 2014. The decision was taken at a company board meeting on January 10, 2014, based on the recommendations of the nominations and governance committee, and management development and compensation committee, Infosys said in a notice to BSE today. This announcement comes less than a month after the Bangalore-based company elevated Rao as one of its two presidents, along with B G Srinivas. With this appointment, Rao would receive a monthly salary of Rs. 4,48,000 in the scale of Rs 4,45,000 to Rs 8,00,000 per month. He would also be eligible for a bonus of up to 20% of…
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Shanu Hinduja meets UN chief, Ban Ki-moon in Davos

Shanu Hinduja meets UN chief, Ban Ki-moon in Davos

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Shanu S P Hinduja, Chairperson of the Hinduja Foundation USA, has met UN chief Ban Ki-moon here and extended support for empowerment of women and accelerate the achievement of the UN's Millennium Development Goals. The meeting with Ban follows Hinduja's attendance at the UN General Assembly in September last year when she spoke at a meeting on Disability Inclusion with leaders from over 130 countries present. This was part of a series of contacts Hinduja, Co-Chairperson of the Hinduja Group's BPO Company Hinduja Global Solutions, has forged with the UN, including discussions with the Secretary General to bring the Foundation closer to the workings of the UN and play a role for India in putting forward proposals for the UN's post-2015 Development Agenda. Shanu also attended a number of high-level…
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