Wednesday, July 25, 2007
Indian Railway to Outsource Medical Services
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Indian Railway to Outsource Medical Services
6 Jul 2007
NAGPUR: After outsourcing cardiac healthcare services, the Central Railway Hospital here has mooted a proposal to outsource more multi-disciplinary and multispeciality services to the city’s top medical institutes.
However, a large section of railway employees dub the move as a step near to partial privatisation. Already, railways have privatised services like bedrolls, catering and cleanliness
Read the full report from here @ Times of India
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Indian Railway to Outsource Medical Services
6 Jul 2007
NAGPUR: After outsourcing cardiac healthcare services, the Central Railway Hospital here has mooted a proposal to outsource more multi-disciplinary and multispeciality services to the city’s top medical institutes.
However, a large section of railway employees dub the move as a step near to partial privatisation. Already, railways have privatised services like bedrolls, catering and cleanliness
Read the full report from here @ Times of India
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Labels: india, railways, transportation
Indian Outsourcing Companies Beaten by Rupee, and in Home Market
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Indian Outsourcing Beaten by Rupee, and in Its Home Market
By Andy Mukherjee, Bloomberg, Jul 19, 2007
Indian software companies, which compete furiously with each other for global outsourcing deals, are now facing a common enemy in the rising rupee. A strengthening home currency is reducing the rupee value of their dollar revenue and earnings.
Although the day-to-day volatility in the exchange rate has abated since the end of April, the challenge of long-term competitiveness remains for Indian exporters.
Partha Iyengar, vice president at research firm Gartner Inc. in India, has a blueprint that Indian companies can use to mitigate cost pressures. According to him, "Their first task should be to walk away from simple code- writing and testing -- the ``$10-an-hour'' work...Replacing low-end tasks with better-paying work is an obvious route to boosting revenue per employee."
The best place to build those muscles, according to Iyengar, is in the domestic Indian market, in which local Indian software giants have shown little interest, but where the global giants have surprisingly won most of the major contracts: March 2004: IBM won a $750 million order from Bharti Tele-Ventures Ltd.; Around the same time, Accenture won a $ 150 million order from Dabur India Ltd., a local maker of shampoos and beverages. A 10-year, $150 million order from Bank of India, went to Hewlett-Packard. To stake a credible claim for, say, a $2 billion global outsourcing order, Indian companies must first show their ability to execute large projects at home, says Iyengar. And when India happens to be one of the fastest growing markets, it makes sense to focus on getting deals from Indian companies. Some of the growth industries that IT sector should focus on are: retail, transportation, hospitality, banking, insurance and telecommunications - with telecom and retail being real high-potential growth sectors for the next 5-10 years.
Read the full report from here @ Bloomberg
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See also outsourcing updates for related categories: India, IT, Telecom, Retail
Indian Outsourcing Beaten by Rupee, and in Its Home Market
By Andy Mukherjee, Bloomberg, Jul 19, 2007
Indian software companies, which compete furiously with each other for global outsourcing deals, are now facing a common enemy in the rising rupee. A strengthening home currency is reducing the rupee value of their dollar revenue and earnings.
Although the day-to-day volatility in the exchange rate has abated since the end of April, the challenge of long-term competitiveness remains for Indian exporters.
Partha Iyengar, vice president at research firm Gartner Inc. in India, has a blueprint that Indian companies can use to mitigate cost pressures. According to him, "Their first task should be to walk away from simple code- writing and testing -- the ``$10-an-hour'' work...Replacing low-end tasks with better-paying work is an obvious route to boosting revenue per employee."
The best place to build those muscles, according to Iyengar, is in the domestic Indian market, in which local Indian software giants have shown little interest, but where the global giants have surprisingly won most of the major contracts: March 2004: IBM won a $750 million order from Bharti Tele-Ventures Ltd.; Around the same time, Accenture won a $ 150 million order from Dabur India Ltd., a local maker of shampoos and beverages. A 10-year, $150 million order from Bank of India, went to Hewlett-Packard. To stake a credible claim for, say, a $2 billion global outsourcing order, Indian companies must first show their ability to execute large projects at home, says Iyengar. And when India happens to be one of the fastest growing markets, it makes sense to focus on getting deals from Indian companies. Some of the growth industries that IT sector should focus on are: retail, transportation, hospitality, banking, insurance and telecommunications - with telecom and retail being real high-potential growth sectors for the next 5-10 years.
Read the full report from here @ Bloomberg
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Labels: competitive-advantage, india, it, it-retail, it-telecom, opinions, retail-india, telecom-india, trends, trends-india
PermaLink - Indian Outsourcing Companies Beaten by Rupee, and in Home Market posted by Ecacofonix : 8:41 AM
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Dutch Railways (NS) Outsources IT to Getronics, KPN, CSC
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Dutch Railways (NS) Outsources IT to Getronics, KPN, CSC
25 Jul 2007
The Dutch Railways (NS) has signed an ICT outsourcing contract with Getronics PinkRoccade, KPN and CSC. KPN and Getronics will provide work station and data management....
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Dutch Railways (NS) Outsources IT to Getronics, KPN, CSC
25 Jul 2007
The Dutch Railways (NS) has signed an ICT outsourcing contract with Getronics PinkRoccade, KPN and CSC. KPN and Getronics will provide work station and data management....
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Labels: it-europe, it-transportation-europe, netherlands, railways-europe
PermaLink - Dutch Railways (NS) Outsources IT to Getronics, KPN, CSC posted by Ecacofonix : 8:33 AM
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Indian Pharma Companies for Inorganic Route to Billion-dollar Club
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Indian Pharma Companies for Inorganic Route to Billion-dollar Club
Tinesh Bhasin, DNA India
MUMBAI: Indian pharma firms are now eyeing inorganic growth overseas as they inch towards the elite billion dollar club. They see acquisitions contributing 20-40% of revenues, in the process assisting them to to breach the billion dollar mark.
Companies such as Lupin are looking for a distribution company is US, and aims to achieve $1 billion in sales in two years. This target is difficult to achieve without any acquisitions.
Four many more domestic pharmaceutical companies, including Nicholas Piramal, Cadila, Aurobindo and Wockhardt, too, are marching towards the billion dollar club. Analysts feel that though achievable, these companies need acquisitions to breach that mark, says this report @ DNA India
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Indian Pharma Companies for Inorganic Route to Billion-dollar Club
Tinesh Bhasin, DNA India
MUMBAI: Indian pharma firms are now eyeing inorganic growth overseas as they inch towards the elite billion dollar club. They see acquisitions contributing 20-40% of revenues, in the process assisting them to to breach the billion dollar mark.
Companies such as Lupin are looking for a distribution company is US, and aims to achieve $1 billion in sales in two years. This target is difficult to achieve without any acquisitions.
Four many more domestic pharmaceutical companies, including Nicholas Piramal, Cadila, Aurobindo and Wockhardt, too, are marching towards the billion dollar club. Analysts feel that though achievable, these companies need acquisitions to breach that mark, says this report @ DNA India
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Labels: acquisitions-pharma, competitive-advantage, pharma-india
PermaLink - Indian Pharma Companies for Inorganic Route to Billion-dollar Club posted by Ecacofonix : 8:17 AM
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European Pharma Industry in Good Shape but Acquisitions Pose Risk - S&P
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European Pharma Industry in Good Shape but Acquisitions Pose Risk - S&P
20 Jul 2007
MUMBAI (Thomson Financial) - Most main European pharmaceutical companies are in good shape, but acquisitions continue to be the most important reason for a potential deterioration of a company's credit quality, S&P's Ratings Services said.
For example, S&P's placement of AstraZeneca PLC's ratings on negative watch was caused by the company's debt-financed acquisition of MedImmune.
In a report, the agency noted that first-quarter revenue growth of these companies continued to beat underlying global market growth, estimated at 6-7 pct.
Read the full report from here @ Forbes
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See also outsourcing updates for related categories: Medicine & Healthcare, Europe
European Pharma Industry in Good Shape but Acquisitions Pose Risk - S&P
20 Jul 2007
MUMBAI (Thomson Financial) - Most main European pharmaceutical companies are in good shape, but acquisitions continue to be the most important reason for a potential deterioration of a company's credit quality, S&P's Ratings Services said.
For example, S&P's placement of AstraZeneca PLC's ratings on negative watch was caused by the company's debt-financed acquisition of MedImmune.
In a report, the agency noted that first-quarter revenue growth of these companies continued to beat underlying global market growth, estimated at 6-7 pct.
Read the full report from here @ Forbes
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Labels: acquisitions-pharma, competitive-advantage, europe, pharma-europe
PermaLink - European Pharma Industry in Good Shape but Acquisitions Pose Risk - S&P posted by Ecacofonix : 8:10 AM
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Chemical Major Henkel Outsourcing to Philippines, Announces Layoffs
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Henkel Announces Layoffs, Outsourcing to Philippines
MEGAN KING, Morning Journal Writer
06/27/2007
AVON Henkel Corporation will lay off about 20 employees at its Just Imagine Drive headquarters, and their jobs will be transferred to a Henkel facility in Manila, Philippines.
The jobs will be eliminated in accounts payable, accounts receivable and collections. The jobs will be phased out beginning in August, according to company spokeswoman...
Read the full report from here @ Morning Journal
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Henkel Announces Layoffs, Outsourcing to Philippines
MEGAN KING, Morning Journal Writer
06/27/2007
AVON Henkel Corporation will lay off about 20 employees at its Just Imagine Drive headquarters, and their jobs will be transferred to a Henkel facility in Manila, Philippines.
The jobs will be eliminated in accounts payable, accounts receivable and collections. The jobs will be phased out beginning in August, according to company spokeswoman...
Read the full report from here @ Morning Journal
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Labels: accounts-receivable, chemicals-asia, chemicals-usa, finance-asia, philippines
PermaLink - Chemical Major Henkel Outsourcing to Philippines, Announces Layoffs posted by Ecacofonix : 7:30 AM
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HCA's Accounts Receivable Unit Reaching Out to Other Hospitals
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HCA's Accounts Receivable Unit Reaching Out to Other Hospitals
Company to add jobs in Louisville, USA
By Patrick Howington, The Courier-Journal
National Patient Account Services is branching out from its main role of collecting accounts for its parent company, hospital chain HCA...
The Louisville-based accounts-receivable management company has begun signing non-HCA hospitals as clients. Landing three contracts recently led the company to create 100 jobs, including at least 60 in Louisville.
Read the full report from here @ The Courier Journal
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HCA's Accounts Receivable Unit Reaching Out to Other Hospitals
Company to add jobs in Louisville, USA
By Patrick Howington, The Courier-Journal
National Patient Account Services is branching out from its main role of collecting accounts for its parent company, hospital chain HCA...
The Louisville-based accounts-receivable management company has begun signing non-HCA hospitals as clients. Landing three contracts recently led the company to create 100 jobs, including at least 60 in Louisville.
Read the full report from here @ The Courier Journal
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Labels: accounts-receivable, finance-usa, healthcare, healthcare-usa
PermaLink - HCA's Accounts Receivable Unit Reaching Out to Other Hospitals posted by Ecacofonix : 7:21 AM
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