Germany smart card maker sets up Indian subsidiary
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A new Indian subsidiary opened by Germany's Giesecke & Devrient Group aims to tap into the huge market here for smart cards for mobile phones and other card applications.
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(InfoWorld) - Indian outsourcer Infosys TechnologiesÂ is expanding its facility in Brno in the Czech Republic, to boost its ability to deliver services to its European customers. The expanded facility will have a capacity of 350 seats by January, Infosys of Bangalore said on Wednesday. Infosys has about 130 staff in Brno, who deliver business process outsourcing (BPO) services such as sales order management, finance and accounts, market research and underwriting for clients in 16 European countries. Over 80 percent of the staff at Brno are hired locally, and operations are run in 13 different languages including German, French, and Spanish, Infosys said. The company is planning to also deliver IT services such as infrastructure management and package implementations such as enterprise resource planning (ERP) and customer relationship management (CRM) from Brno once the expanded facility is in operation. A number of Indian outsourcing companies including Wipro and HCL Technologies have set up operations in Europe or acquired companies there with an eye to the European market. Currently, the U.S. and U.K. account for most of the revenue of Indian outsourcing companies. Although companies in the U.K. outsource software development and business processes to India, the rest of Europe has been comparatively slower in outsourcing to India. Continental Europe accounts for only about 12 to 13 percent of India's outsourcing revenues, according to India's National Association of Software and Service Companies (Nasscom). Infosys' revenue from Europe has grown by 60 percent year-on-year for the last three years. Europe accounted for about 25 percent of the revenue of Infosys in the last quarter, but most of that came from the U.K., according to a spokeswoman for Infosys. Besides expanding in Brno, Infosys is also setting up a development facility in Swindon in the U.K. The company also has a development center in Germany, and a center in Mauritius that is designed to address European customers because the population in Mauritius is multilingual, the spokeswoman said. Having centers in Europe helps Infosys build up capabilities in the specific European languages required by customers, and also comply with European Union regulations on data protection and privacy, which require that certain types of data should not be sent for processing outside the E.U., the spokeswoman added.ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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DÃSSELDORF, GERMANY - Siemens AG plans to hire an additional 1,000 software engineers in India this year in an ongoing effort to expand its research and development (R&D) activities in growth markets.
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(InfoWorld) - The city of Hyderabad in the southern Indian state of Andhra Pradesh has attracted a number of large multinational companies to set up software, services, and product development operations. The city, which has the headquarters of Indiaâs fourth largest outsourcer, Satyam Computer Services, also has facilities of other Indian outsourcers, and multinational technology companies like Microsoft and Oracle. Hyderabad is now aiming to be the technology hub of India. The Hyderabad chapter of Indus Entrepreneurs (TiE), an association of entrepreneurs and professionals from the Indian sub-continent, has tied up with the Indian School of Business (ISB) to host TiE-ISB Connect, a conference this week for budding entrepreneurs to present their business plans and interact with venture capitalists. More than 150 new business plans in IT, pharmaceuticals, biotechnology, and the application of IT in life sciences and other fields are being showcased at the conference, up from 50 business plans a year ago, said Raju Reddy, chairman of the Hyderabad chapter of TiE, and chief executive officer of Sierra Atlantic, an outsourcing company in Fremont, California. The business plans, for setting up companies in Hyderabad, were selected from a large number that were submitted and are all of good quality, Reddy said Friday. Hyderabad attracts investment because of its large pool of skilled manpower, he said. People from Andhra Pradesh account for about 25 percent of Indians working in Silicon Valley, Reddy said. Even neighboring Bangalore, which is seen as Indiaâs main technology hub, employs many staff from Andhra Pradesh, he said. Hyderabad also scores better on infrastructure and a business-friendly government. Few other states can measure up to that, according to Reddy, in an obvious reference to neighboring Karnataka, whose capital of Bangalore is suffering from government inaction and poor infrastructure. Hyderabad also has some top educational institutions. The most recent entrant is the Indian School of Business, set up in association with some leading business schools abroad, which has a special program for entrepreneurs. Still, the city may still have some way to go before it beats out established technology centers like Mumbai, Delhi and Bangalore. A lot of companies are setting up in Hyderabad to find new pools of manpower, but the city lacks critical mass and the exposure it needs to attract the best entrepreneurs, said Sanjay Anandaram, a partner at JumpStartUp Venture Fund, a $45 millionÂ fund with headquarters in Mauritius. That may change, he said, but for now, the best business plans from a venture capitalists' point of view are still coming from Delhi, Bangalore and Mumbai. Most of the venture funding in the last 18 months has also gone to these three cities, he said.
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Under mounting pressure from German government officials and former employees of the mobile phone division it paid BenQ to take off its hands, Siemens has set up a â¬35 million ($44.4 million) fund to aid workers at risk of losing their jobs.
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French smartcard provider Axalto on Monday unveiled a new 3G chip made in partnership with Intel and Orange aimed at securing its leadership of the next generation mobile market.
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Germany's Deutsche Post AG said Monday its DHL unit is buying a majority stake in Blue Dart Express Ltd.
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IBM has set up a services delivery operation in India that will focus on infrastructure services to its clients worldwide.
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German chancellor Angela Merkel starts a four-day visit to India aimed at boosting economic ties.
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HYDERABAD, India : Microsoft said it will join with India&#39;s second-largest software firm, Infosys Technologies, to provide software and consulting to manufacturing, banking and automobile companies.
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German chip maker expects to continue to service current customers of Texas Instruments division.
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The company signs on an Indian cellular provider, looking to capitalize on the country's fast-growing wireless market.
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American Express Co. AXP.N, the  global credit card and travel services company, on Tuesday said  it will spin off its personal finance unit, whose 12,000  advisers sell financial planning and other services to 2.5  million customers.
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By Bloomberg, AP and Staff Reports  A company based in Amsterdam, the Netherlands, has acquired the operations of a Nowata manufacturer.
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Level 3 Communications, Inc. announced today that its European operating subsidiaries are now providing IP services in Prague, Czech Republic.
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Advanced Micro Devices is building a new plant in Germany but still needs outside assistance to meet expected demand.
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German maker of car parts and electrical household goods Robert Bosch said it would invest 10 billion rupees (217 million dollars) in India to take advantage of the country's fast-growing vehicle market.