Nasscom: Short-term impact on outsourcing

The fourth-largest software exporter from the country Satyam also said that it was "concerned" over the developments in the US. "We are very concerned about the recent development in the BFSI segment in the US. However, the Lehman Brothers episode will not have any impact on Satyam," Satyam Computer CFO Srinivas Vadlamani said. HCL Technologies, however, said that the two US majors -Lehman and Merrill Lynch -were not its clients and therefore would not adversely affect the company.

When one puts all of this together, there is some loss but given that most of the top five companies have over 40-45 per cent exposure to BFSI space, then mood is worried and concerned right now, said an analyst.

Already finding it tough to cope with the slowdown in the US, the beleaguered Indian IT vendors are likely to see some reversal in revenues coming out of their banking practice with the recent happenings at global level.

Nasscom, which is of the view that the current crisis is a consequence of the subprime crisis which began last year, said many companies that were being directly impacted by the turmoil last year had prepared for this eventuality.
But the association is optimistic on the challenge being contained as it said "India's value proposition continues to be strong. As an industry, we have worked as partners with our customers and will continue to do so, even as the financial services sector realigns itself."

Business Credit Cards

A true business credit card is a line of credit that is taken in the name of the business, under the business' credit. Activity, whether good or bad, is reflected on your business' credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business.

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What is Data Entry Outsourcing?

Data entry has been a very tedious job that most companies need, but don't want to do so they find out information on data entry outsourcing, and implement this service into their organization. There are hundreds and hundreds of data entry outsourcing firms that employ their services for this tedious task that companies don't want to deal with.

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