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'We choose verticals that focus on end users'
The Nasscom-McKinsey Perspective 2020 report notes that healthcare will emerge as a very big opportunity for outsourcing services. ANANDA MUKERJI, managing director and chief executive officer of Firstsource, feels his company is in the right place to make its mark in the global BPO business. The outsourced healthcare space represents an approximately $17-billion opportunity in the US alone. The industry is expected to grow at over 50 per cent CAGR (compounded annual growth rate) over the next five years. With healthcare contributing close to 40 per cent of its revenue, the sixth-largest BPO player’s early bet on the segment seems to be paying off. Mukerji spoke with SHIVANI SHINDE on how its healthcare acquisitions have panned out and the way forward. Excerpts:

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Taxes on MF investments
How do fund houses charge the various taxes like dividend distribution tax, capital gains tax and securities transaction tax that a mutual fund is subject to? Are these deducted from the returns the fund generates?

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Bollywood eyes private equity as banks go slow
EXIM Bank and IDBI are said to be cautious while financing films, prompting producers to tap PE players and investors like the Dar Capital group.
International Business

TN seeks Rs 461 cr to put rly projects on fast track

The Tamil Nadu government has sought an additional Rs 461 crore from the railway ministry for speedy completion of projects in the state. - TN plans cinema township - World Bank official calls on Tamil Nadu CM - Govt to consider proposal on citizenship to SL Tamil refugees - Sibal urges TN to adopt Navodaya system - Ford inks $500-mn deal with TN govt - Financial city to attract banking, insurance cos In a letter to railway minister Mamata Banerjee, state chief minister M Karunanidhi said several important railway projects were put on hold for lack of funds. The gauge conversion of Mayiladuthurai Karaikudi section via Tiruvarur and Thiruthuraipoondi, and a new line between Nagapattinam and Thiruthuraipoondi via Tirukuvalai are yet to be completed. Similarly, the doubling of track between Chengalpattu and Villupuram needs Rs 77 crore more this year, he said. Lack of funds has also affected laying of a new track between Karur and Salem. Other projects like Tindivanam-Nagari, Athipattu-Puttur, Tindivanam-Tiruvannamalai, Erode-Palani and a new line between Chennai and Cuddalore via Mahabalipuram have been affected due to insufficient funds.


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