Recession and Economy Crisis: Top Companies Rebranded


Recession and Economy Crisis: Top Companies Rebranded

Recession and Worldwide Economy Crisis has Forced some of the Top companies to rebrand their company with new logo and slogan in order to survive in this highly unpredictable economy slowdown.

But the best thing about this all economic crash is that we know we are IN, we are suffering but we don’t how and when we will get out of this crisis. Anyway I guess hopefully we all will be ok in coming years if not in months.

Have a look on all rebrand and have some light fun……..

Source: Times of India
McDonald’s

  

DELL

DELL

DELL

 
Dow Jones

Dow Jones

 FedEx Express

FedEx Express

FedEx Express

 Ferrari

Ferrari

Ferrari

 Ford

Ford

Ford

 LG

LG

LG

 Nike

Nike

Nike

 Nokia

Nokia

Nokia

 Best Buy

Best Buy

Best Buy

 Xerox

Xerox

Xerox

 Yahoo

Yahoo

Yahoo

Good Year

Good Year

 Cisco Systems

 Cisco System

 Chrysler

Chrysler

Chrysler

Renault
Renault

Renault

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Global/United States recession and painful economic slowdown affects are heading towards India now: Over 50,000 IT professionals in the country may lose their jobs


Global/United States recession and painful economic slowdown affects are heading towards India now: Over 50,000 IT professionals in the country may lose their jobs!!

It appears that Global/United States recession and painful economic slowdown affects are heading towards India now. India economic situation which is supposed to be in under control till now will remain in control during this global economics hard hitting period I just hope. Our government did bail out few industries earlier and now it seems like that our Pride IT & ITES industries also needs some bailout packages in coming days.

Yesterday Yahoo.com reported that Over 50,000 IT professionals in the country may lose their jobs over the next six months as the situation in the sector is expected to worsen due to the impact of global economic meltdown on the export-driven industry, a forecast by a union of IT Enabled Services warned.

Read Full Story Here…

I just hope this Global recession is not going to affect adversely Indian industries and we will be able to get out of this economic crunch and job losses things sooner and in a much better way. Keeping Finger Cross

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Indian legal process outsourcing (LPO) outsourcing, market is evolving at break-neck speed: UK News Paper Reports


Indian legal process outsourcing (LPO) outsourcing, market is evolving at break-neck speed: UK News Paper Reports

The Indian legal process outsourcing (LPO) industry In India is increasing with rapid speed. Economic Slump and economic slowdown in international markets seems like that’s it’s going to benefit at least this sector (Indian legal process outsourcing (LPO) in India BPO segment. Today UK National Newspaper reports that 10 out of 30 top law firms in UK have outsourced administrative or legal work to Indian outsourcing partner. So that’s for sure that India Indian legal process outsourcing (LPO) is set to grow despite of this economic slump in world due to cost cutting measures started by most of the leading law firm in many countries and for sure going to benefit Indian legal process outsourcing (LPO) market.

The RSG India Report 2008 is a definitive 200-page analysis of the current legal market in India. Beyond the subject of outsourcing, it also shows that this market is evolving at break-neck speed.

India now has its own “magic circle” of leading law firms with senior corporate lawyers earning incomes comparable with those of partners in medium to large-sized London firms. But, as the study notes, there is a dearth of experience and attrition rates are high.

 

A Big Breath of relief and Some Good news for BPO market:

Yes many Indian legal process outsourcing (LPO) firms can take big breath of relief that even after economic slump in world this segment is bound to grow, and there is no doubt that’s it will grow with high pace as Indian legal process outsourcing (LPO) provider’s have right and best talent to offer and better infrastructure to meet clients needs.

A word of Caution:

I know that the cost advantage Indian outsourcing Industry enjoys doesn’t seem set to disappear anytime in nearby future as we have best talents in world and we get about 80,000 English-speaking fresh law graduates pass out from Indian institutions every year but we need to keep a close eye on cost factor as well as union factor. Both can spoil industry. We need a proper recruitment procedure for all nw employees so that we can serve our clients in best manner. Secondly all the LPO guys especially people who is going to deal with legal work should go through proper security clearance and we also need more strict laws to safe this industry form any mischief’s.

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Asia’s Hot Growth Companies: 2006


India’s 5 companies made it into the list of recently published report by Business Week “Asia’s 100 Hot Growth Companies.

The top Indian companies, their overall rank and the nature of their industry are as follows:

22. Hexaware Technologies: IT Consulting & Other Services

29. Matrix Laboratories: Pharmaceuticals

33. Dabur India: Personal Products

50. MphasiS BFL: IT Consulting & Other Services

89. Wockhardt: Pharmaceuticals

For Full List Please Click following link:

Asia’s 100 Hot Growth Companies

Business week ranking of companies are based on companies three-year growth in sales, profits, and return on invested capital and companies were also required to have annual sales of more than US$50 million and less than US$500 million.

Asia’s 100 Hot Growth Methodology

 

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India surprises with 9.2% growth


Good News for Indian’s India’s economic growth unexpectedly accelerated to 9.2 percent last quarter. The expansion reported by the Central Statistical Organisation in New Delhi today was faster than the 8.9 percent predicted by economists for the three months ended Sept. 30 from a year earlier.There are 700 million Indians under the age of 30, This makes India an economic threat to all the other countries in the world. These 700 million young Indians will hopefully build India as the Economy Super Power of the world.

India put on an unexpected spurt of growth in the last quarter fuelled by sharply rising consumer credit and government spending, increasing the prospects that the central bank will raise borrowing costs for the fourth time in a year.

The economy, Asia’s second-fastest growing, expanded 9.2 per cent in the three months to September, according to provisional data released on Thursday by the Central Statistical Organisation.

It was the sixth quarter out of the past seven in which gross domestic product growth has exceeded 8 per cent and among the strongest quarterly rises India has recorded, adding to fears of overheating, particularly in the red-hot property sector

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Wal-Mart enters India with Bharti


India’s booming retail market, estimated at more than $200 billion, is currently dominated by more than 12 million local corner shops. Large super stores remain a rarity, but soon India will witness big store displaying the Wal-Mart brand. The U.S. retail giant has tied up with India’s Bharti Enterprises to set up hundreds of stores across the country. Good news for Indian retail sector and as well as India’s booming middle class populations.

bharti.jpg

In keeping with its strategy of partnering global companies for business forays, Bharti Enterprises today said it had initialled an agreement with Wal-Mart Stores, Inc for a retail venture on a wholesale cash-and-carry basis.

�It is a partnership of equals (50:50). Big investments are in the pipeline,� Bharti Enterprises Chairman Sunil Mittal said on the sidelines of the India Economic Summit here. While Wal-Mart will provide backend logistics support involving sourcing, Bharti will handle the front-end retail aspect by setting up �several hundred� stores across India, the first of which is scheduled to open next year.

There will be an initial investment of over $100 million, a figure that will grow manifold in the future.

 

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India Shining!!


Carson Sasser came up with a nice links that talk about “Indian Shining Economy”. Thank you Carson for bringing this to my attention. Recently published report by Government of India says that India’s industrial production rose 11.4 percent in September, boosting growth for the first half of the fiscal year to 10.9 percent. Very nice to hear that Indian economy is growing fast and India Shining Brighter then ever expected. But question is how to improve the life of people who below the poverty line? Major challenges Ahead due to Crime Corruptions and AIDS..AIDS is taken very lightly by Government and it is going to be big challenge to our economy.

India Industrial Output Rises in Sept

NEW DELHI (AP) — India’s industrial production rose 11.4 percent in September, boosting growth for the first half of the fiscal year to 10.9 percent, the government said Friday in a report that indicated momentum is building in the economy.

India has averaged 8.1 percent annual economic growth over the past three years, making it one of the fastest-growing economies in the world.

The growth in industrial production in September came amid sustained domestic demand and a surge in exports, despite rising oil prices that added to inflation and prompted banks to raise interest rates.

Among industries, manufacturing output grew 12 percent in September compared with 8.9 percent in the same month a year ago. Mining production expanded 3.9 percent in September from last year, while electricity generation was up 11.4 percent.

 

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London businesses must work more with India, China: report


Reading this report reminds the famous quote of Lakshmi Mittal

“Always think outside the box and embrace opportunities that appear, wherever they might be.”

LONDON (AFP) – London’s financial district must work to develop better business relationships with both China and India or it risks losing out to competing cities and countries, a new report has warned.Written by SAMI Consulting and Oxford Analytica, the report recommended Tuesday that financial services companies in London be more active in building their contacts with Indian and Chinese businesses, noting there are opportunities in India for project financing, and in China for savings vehicles for the country’s ageing population.

The report, which was released by the City of London, the local district council within which the capital’s financial centre resides, said that while London “already has a huge advantage with the Indian and Chinese diaspora … this does not yet appear to be fully recognised.”

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Data theft is a growing problem, admits British official


As I mentioned in my earlier post that data theft is a global problem and it’s not just the problem with Indian call Centre. So this report [Data theft is a growing problem, admits British official] does bring some relief to me and also to Indian BPO. This sort of fraud and identity theft can happen anywhere and in fact it has happened more in US and UK, then in Indian call centre.

There is nothing wrong with offshore or outsourcing its problem with greed people working with BPO companies. Companies put everything, proper infrastructure, security checks and last but not least the trust in their valuable employees. If employees broke this trust then sure companies well whole industry especially call centre industry are at risk.

When channel 4 aired the documentary about Indian call centre, the unfolding story of theft of privacy data, I watched this program with mixture of feelings, Alarmed and Frustration. Alarmed because these sort of incidents are damaging our BPO industry reputation and Frustration because this sort of theft and security breach matter most when its happens in India then anywhere else in world, reason because many employee’s organization in ( UK and US ) and even people are against of off shoring their private details to other country.

It’s good to see that few officials are admitting that data theft is a global problem and it can happen anywhere around world. http://www.ciol.com/ reported

“Information Commissioner’s Office (U.K.).

There is a rising trend in data theft incidents across the globe. In fact, there have been some high profile cases of data-theft in the U.K. itself. Agrees Evans. “Data theft generally is a growing problem in the United Kingdom. As set out in our report “What Price Privacy?” (footnote page 12) our office received 109 section 55 Data Protection Act complaint cases (which include alleged ‘data theft’ offences) between April 2005 and January 2006,” he says.

According to the KPMG Forensic’s Fraud Barometer, there has been more fraud (£653m) in the first six months of 2006 than in the whole of the most recent years.”

Indian BPO industry, Government and NASCOM has learned the lesson from this documentary and acted very quickly to safeguard the reputation of this booming industry, which of course make me happy. Hopefully in future some media groups will show the better side of Indian Call Centre.

 

Read full report: Data theft is a growing problem, admits British official

 


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Corus accepts £4.3bn Tata offer


TATA + CORUS Deal! Which creates the world’s fifth largest steelmaker is India’s largest ever foreign takeover.

TATA

CORUS

Anglo-Dutch steel firm Corus has confirmed it is accepting a £4.3bn ($8.1bn) takeover offer from Indian rival Tata Steel.

The acceptance of the deal, revealed by the BBC on Thursday, is the largest Indian takeover of a foreign company.

If approved by Corus shareholders, it would create the world’s fifth-biggest steel firm.

Corus employs 47,300 people worldwide, including 24,000 in the UK at plants at Port Talbot, Scunthorpe and Rotherham.

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