India outsourcing under scanner after $45-mn global ATM heist

Outsourcing of jobs by global financial institutions to Indian shores has come under scanner, with the perpetrators of a USD 45-million worldwide ATM heist apparently breaching computer systems of a payment processing firm in India for their con job.

Sharma hopes Obama won't rock the outsourcing boat

Commerce and Industry Minister Anand Sharma on Wednesday expressed hope the US administration's proposal to end the tax incentives on outsourcing companies will not impact the growing bilateral trade relations between the two nations.

India outsourcing failure blamed for $2.3bn loss by UBS trader

This is the third instance when outsourcing of key oversight jobs by global banks (British giants HSBC and Standard Chartered being the other two) to India has come under the regulatory scanner abroad for ineffective controls against suspicious financial transactions.

India needs to lobby better on outsourcing: Bhagwati

With jobs a continuing issue, any time politicians in the US condemn outsourcing, we lose brownie points," he said.

Obama’s oppn to outsourcing targetted at manufacturing, not IT: NASSCOM

As Barack Obama was re-elected US President, India's IT industry body NASSCOM said opposition to outsourcing in the US is actually targetted at the manufacturing sector and not IT services.

Australian regulator to assess Indian outsourcing standards

A team of Australian Prudential Regulation Authority will visit India later this year to evaluate standards of Indian service providers.