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Major Near-Shoring Projects At Indian IT Outsourcing Firms

Posted on Friday, Aug 19th

Some analysts believe that growth in the $76 billion Indian outsourcing industry has begun to slow because of Standard & Poor’s downgrade of the U.S. credit rating and the troubled economies in Europe. But this may not be the case. Ignoring the market conditions, the bigger players in the market are all gearing to expand their

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China’s RenRen Looks At E-Commerce To Monetize Large Audience

Posted on Thursday, Aug 18th

According to market estimates,China’s internet population reached 477 million users in March of this year, far ahead of the 239.2 million internet users recorded in the U.S. at the end of 2010. Despite the increased numbers, Internet penetration in the country is at just 40%. In comparison, 78% of the U.S. population has at least

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International Revenue Bolsters Travel Players’ International Expansion Plans

Posted on Wednesday, Aug 17th

According to travel research firm PhoCusWright Inc., the global travel market is expected to grow from $888 billion last year to $939 billion this year. By region, the U.S. market will grow from $255 billion last year to $271 billion in 2011. Another report by the researcher projects that the online leisure-travel market in the

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Near-shoring At Genpact And Cognizant

Posted on Tuesday, Aug 16th

Near-shoring for offshore services is a trend that can no longer be ignored. My recent interview with Neeraj Gupta, CEO of Systems In Motion, a near-shore outsourcing focused organization, showed how smaller companies are stepping up efforts to get in on this trend. In the recent quarters, bigger players have also strengthened their focus on expanding

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Payroll Services Sector Update

Posted on Friday, Aug 12th

ADP’s (NASDAQ:ADP) recent employment report brought some good news to a gloomy market as the company reported growth in private payrolls in July by 114,000 jobs, ahead of the 100,000 projected earlier. This was the 18th consecutive month of growth in jobs in the country. Growth has been seen across all business sizes with small businesses

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First Solar And SunPower Diversifying Away From European Markets

Posted on Thursday, Aug 11th

Solar stocks are headed for a weak year driven by the lowering of feed-in-tariffs in Germany and Italy and increasing competition from low-cost Chinese manufacturers. These two factors together have impacted the sale prices of solar energy in the market. Analysts estimate that global PV market demand in 2011 will grow 19% over the year to

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Vacation Rentals Market Sees 12% Online Penetration

Posted on Wednesday, Aug 10th

According to market reports, the vacation rental market for the U.S. and Europe was worth $85 billion in 2010 and Travel Insured International estimates this market to grow at a rate of 13% this year. HomeAway claims to be the world’s largest online marketplace for vacation rentals. Recently, the company went public under the ticker symbol AWAY.

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LinkedIn Performing On All Fronts Since IPO

Posted on Tuesday, Aug 9th

Amidst persisting news of doom and gloom, Silicon Valley continues to boom, and LinkedIn, more than any other company, has been the poster child of that boom, and a harbinger of upcoming tech IPOs. In May of this year, LinkedIn became among the first few social networking companies to list on the stock exchange in the

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