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BPOs strategise to avoid single-client dependence
After the disappointing second quarter results of Genpact, India’s largest business process outsourcing (BPO) firm, the firm almost halved its revenue growth expectation to 6-9 per cent for 2009. Reason: its largest client, GE, which contributes 40 per cent to the BPO’s revenue, was under stress.

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BJP MLAs meet on Jharkhand govt formation
Newly elected BJP MLAs met today to decide on supporting JMM chief Shibu Soren as the new Chief Minister.

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Sun Pharma uses own plants for US market after after Caraco trouble
In spite of a major regulatory clampdown on its US subsidiary, Caraco, Mumbai-based Sun Pharmaceuticals is trying hard to keep its US market share intact. The company is relying on its own manufacturing facilities to deliver goods to the US market. All eight ANDAs (abbreviated new drug applications) for sales permission in the US filed during the first quarter of the current financial year (Q1FY2010) came from Sun’s facilities.
Public Relations

IEP to invest Rs 100 crore in Gujarat

Private equity player, India Equity Partners (IEP) Fund Advisors Pvt. Ltd. is planning to invest around Rs 100 crore in the industrial water segment in the state of Gujarat. The company is in talks with one of the industrial water services player in Gujarat. Sensex ends up 35pts Refusing to divulge names of IEP’s potential investees in Gujarat, Mathur said, “We cannot get into potable water because as a company we don’t think it’s ethical to charge for drinking water, but industrial water treatment is a different ball game and very profitable. Initially, we are looking at investing around Rs 100 crore.” Apart from industrial water service, IEP is also looking at the gas distribution sector and manufacturing industries in Gujarat. Mathur said that the company has evinced interest of investing in these sectors in the state. “However, as a company we don’t look at region-specific investment,” he added. IEP’s client portfolio comprises the likes of Amtek India, Bharti Infratel, Ikya Human Capital, Jai Balaji Industries, Mannapuram Group and Ocean Sparkle.


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