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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Indian outsourcing market is set to suffer due to high increase of labour cost ! Act Now or for sure be ready for sorry state !!


Indian outsourcing market is set to suffer due to high increase of labor cost. Skills shortage and rising labor cost of India’s talents is driving away most of the big IT players towards East European countries and china to find out cost reduction.  India is no longer able to give cost cut to these big IT players.

Many companies who were opened their offshore center in last few years here in India are planning to move somewhere else or in process of moving out because high cost of Indian Labor Market.

Emerging nations like Morocco, Hungry and other SE nations will eat major chunk of Indian IT outsourcing market share if we still not sit down, do some brain stormy thinking and make workable long term strategy to keep this industry at par.

We desperately need that our government should sit down with outsourcing and off shoring corporate leaders to identify specific skills required for the industry, current market trend and how we can reduce the cost of products and solution without hurting the cost of labor market and in future how we can control labor rising cost. Government should also try to find out the way to decrease taxes to keep this industry growth for at least next decade.

Outsourcing industry gives India billions of Dollars every year; this is the main factor that our economy is growing so fast. If we don’t do major brain stormy session now and don’t come up with some long term strategy for this industry then be prepared for sorry state.

We are heading to lose our greatest strength – low-cost labor – Act Now or for sure be ready for sorry state !!

India no longer top outsourcing destination?

ndia’s dominance as a low-cost outsourcing destination seems to be on the decline, with countries like China, Morocco and Hungary fast emerging as the preferred choices by IT services providers, a recent study says.

Focused on UK’s top IT service providers, a study by Pierre Audoin Consultants (PAC) showed that China, Morocco and Hungary are the new locations of choice to set up offshore sourcing centres.

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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TATA Hugged Huggies! India’s TCS gets $100 mln deal from US firm – source


Tata Consultancy Services Ltd. is going up and up just after winning the contract of Qantas Airline last week has bagged new $100 million contract from U.S. firm Kimberly-Clark Corp.

Dallas-based Kimberly-Clark, which makes Huggies diapers and Kleenex tissues, joins a rapidly growing number of foreign firms that outsource design work, supply chain management and payroll processing to India.

NEW DELHI, Nov 14 (Reuters) – Top Indian software services firm, Tata Consultancy Services Ltd. (TCS.BO: Quote, Profile, Research), has won a $100 million contract from Kimberly-Clark Corp. (KMB.N: Quote, Profile, Research), a source close to the deal told Reuters on Tuesday, boosting its stock.

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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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Qantas IT jobs fly off to India


Good news for Indian IT/ITES sector. In one of the largest outsourcing deals ever in Australian Business history, QANTAS will spend $191 million outsourcing its computing operations to two Indian software companies, Tata Consultancy Services, the IT arm of India’s largest company, and its competitor Stayam. TCS will pick up $120 million over the seven-year life of the contract. Competitor Satyam Computer Service’s chunk of the work is worth $71 million. TCS will provide, airline’s operational systems, such as logistics and air logs, while Satyam will handle back-office systems like human resources and finance..

QANTAS will spend $191 million outsourcing its computing operations to two Indian software companies at a cost of up to 300 jobs, in what is understood to be the largest offshore IT deal in Australian history.

Mumbai-based Tata Consultancy Services, the IT arm of India’s largest company, the Tata Group, will pick up $120 million over the seven-year life of the contract. Competitor Satyam Computer Service’s chunk of the work is worth $71 million.

Project leader TCS takes responsibility for the airline’s operational systems, such as logistics and air logs, while Satyam will handle back-office systems like human resources and finance.

In handing over the work, much of it relating to older and expensive programs, the airline expects to save $100million over the life of the deal.

The Indian outsourcing companies will create 300 jobs. Two hundred will be in India and 100 in Australia.

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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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