During the preceding months of 2009, when the growth of healthy companies outside India had slowed to around three or four percent annually, Indian IT companies were clocking up eight to ten percent. Why weren’t they hit as badly by the global recession? Because they turned their sights on the Indian market and, to their…
Yup, the social media and web wizard, who was once the Chief Evangelist of Apple Computer, is the author of 9 books (especially “The Art of the Start”), and is now the Managing Director of early-stage venture capital firm Garage Technology Ventures, attended India’s Nasscom (The National Association of Software and Services Companies) Product Conclave…
Royal Philips Electronics, one of the world’s largest manufacturers of lamps and healthcare equipment, has announced that it intends to bring down its operating costs by up to 30% over the next two years. Its strategy is to reduce the number of IT suppliers from around hundred to nearly 10. It will also be outsourcing…
With the economic meltdown making US consumers cut back on costs, there’s been a paradigm shift in the way American firms and multinationals are looking at fast developing countries like China, India and Brazil. They are not looking at these countries as mass producers of low-cost goods and services, but are now looking at them…
