PayPal said that India's central bank, the Reserve Bank of India (RBI), has allowed it to resume Indian bank withdrawals for Indian businesses who use PayPal to sell their goods or services abroad.
A preference by companies in Western Europe for contract IT staff is cutting into the business of outsourcing companies in these countries, according to a report by Forrester Research.
Dell plans to offer packages of software and services around its hardware in a bid to increase sales, a company executive said on Friday.
India's leading software trade body said on Tuesday that protectionism in key markets could affect the growth prospects of the country's outsourcing industry.
PayPal, an eBay company, has suspended personal payments to and from India and transfers to local banks in the country.
India's revenue from exports of IT and BPO (business process outsourcing) services is likely to grow 5.5 percent to US$49.7 billion in the Indian fiscal year to March 31, 2010, according to estimates released Thursday by the country's National Association of Software and Service Companies (Nasscom).
Wipro achieved revenue growth in its IT services business in the quarter ended Dec. 31, indicating that demand for outsourced services is picking up but is not yet at levels seen before the recession, it said Wednesday.
The office of India's National Security Advisor, M.K. Narayanan, and other government offices in India were targeted by hackers believed to be from China, according to a report.
India's largest outsourcer, Tata Consultancy Services (TCS), reported Friday an increase in revenue and profit in U.S. dollar terms for the quarter ended Dec. 31, reflecting a turnaround in the offshore outsourcing market.
The market for Indian outsourcers is on the mend, but these companies will have to build expertise in new technology areas, and set up operations in multiple locations to take advantage of market conditions, according to analysts.
Infosys Technologies, India's second largest outsourcer, reported on Tuesday revenue of US$1.2 billion for the quarter ended Dec. 31, up 5.2 percent over the same quarter in the previous year.
Amazon.com is selling its Kindle DX with a 9.7 inch display in over 100 countries outside the U.S. It is available for pre-order starting Wednesday, with actual shipments scheduled for Jan. 19, Amazon said on Wednesday.
Comviva Technologies, an Indian vendor of technology for value-added services, is targeting poor people in India, Africa and other developing markets with its "Virtual SIM" technology that allows users to connect to their mobile service using a shared or borrowed handset.
Indian outsourcer Satyam Computer Services has moved to a larger facility in Cyberjaya in Malaysia, with plans to make it the company's largest development and services delivery facility outside India, it said in a filing on Tuesday to the Bombay Stock Exchange.
Indian outsourcer Wipro has set up a global services delivery center in Chengdu in southwest China, targeting customers in the U.S., Europe, and other markets outside the country.