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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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Tata Comm to invest up to Rs 500 cr in Pune data centre
Tata Communications today launched its data centre in Pune and said it plans to invest up to Rs 500 crore over the next three years.

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Gas is not pvt property of Ambani bros: Govt
The government today opened its arguments in the high-voltage gas row between the Ambani brothers in the Supreme Court asserting that any understanding reached between them was not binding on it as gas was not their "private property".
Small Business

Marginal rise in RIIL Q3 net

The Mukesh Ambani Group firm Reliance Industrial Infrastructure (RIIL) today said its net profit rose by 3.52 per cent to Rs 5.87 crore for the third quarter ended December 31, over the same period previous financial year. - GAIL net rises 240% to Rs 860 crore - Sterlite third quarter net jumps 3-fold to Rs 73 crore - Jaiprakash Q3 net down 39% at Rs 103 cr - UltraTech Cement net dips 18% to Rs 196 cr - Marginal rise in RIIL Q3 net - TCS third quarter net up 33.9% Income from operations decreased to Rs 13.21 crore for the latest quarter against Rs 18.24 crore for the same period corresponding year, RIIL said in a filing to the Bombay Stock Exchange.


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