Nomura to buy Lehman Brothers’ BPO in India

Read the Latest:  Nomura acquires Lehman Brothers’ units in Powai, Mumbai
Nomura Holdings, the Japanese brokerage group which recently bought Lehman Brothers’ Asia-Pacific, European and Middle-East operations, is also reportedly finalizing the deal to buy Lehman Brothers’ back-office (BPO) unit in India.
According to Japanese business daily, The Nikkei :
“Nomura Holdings Inc. has reached an agreement to acquire for [...]

Nomura to buy Lehman Brothers Asia units

» Read the Latest: 
Nomura acquires Lehman Brothers’ units in Powai, Mumbai
Nomura to buy Lehman Brothers’ BPO in India
Nomura, Japan’s top brokerage group, has struck a deal to buy Asian Business units of Lehman Brothers for 225 million Dollars.  These business units include those in Japan and Australia as well. It is being said that this [...]

HP India to axe 1,000 jobs ?

17th September, 2008
BANGALORE: Hewlett-Packard’s decision to eliminate nearly 25,000 of its 320,000 jobs worldwide is expected to have a significant impact on its Indian operations too.
Analysts in India believe that in the short term, the company could see off some 1,000 people, and that in a three year period this could go up to 6,000 [...]

Dell to cut jobs; weakening IT demand

17th September, 2008
NEW YORK: Computer maker Dell said on Tuesday that it sees “further softening” in demand of IT products across the world in the current quarter and expects to cut its headcount amid other cost cutting initiatives.
The job cut warning from Dell comes amidst another global PC major Hewlett-Packard announcing close to 25,000 job [...]

TCS, Wipro, Keane go slow on recruitment

September 16, 2008
AHMEDABAD: As the heat of global slowdown spreads, several players in the IT and ITeS sector have modified recruitment policies, keeping them in sync with the changing market conditions and their pockets. The likes of TCS, Wipro and Keane are either going slow on recruitment or are hiring more number of trained hands.
“During [...]