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Jun 25, 2015

Corrected – Tech Mahindra to set up healthcare unit with $79 mln outsourcing deal

MUMBAI (Reuters) – Indian IT firm Tech Mahindra Ltd (TEML.NS: Quote, Profile, Research, Stock Buzz) is setting up a new unit to sharpen its focus on winning contracts in the healthcare industry, one of the fast-growing segments for the outsourcing services providers, a senior executive said on Wednesday.

The unit, to be called nth dimension, has won an IT services project worth about 50 million pounds ($78.52 million)from Britain-based healthcare company CircleHealth, Tech Mahindra’s Rajib Bhattacharya, who will lead the new subsidiary, told Reuters.

Jun 24, 2015

Tech Mahindra to set up healthcare unit with $94 million outsourcing deal

MUMBAI (Reuters) – IT firm Tech Mahindra Ltd (TEML.NS: Quote, Profile, Research, Stock Buzz) is setting up a new unit to sharpen its focus on winning contracts in the healthcare industry, one of the fast-growing segments for the outsourcing services providers, a senior executive said on Wednesday.

The unit, to be called nth dimension, has won an IT services project worth about 60 million pounds ($94.48 million) from Britain-based healthcare company CircleHealth, Tech Mahindra’s Rajib Bhattacharya, who will lead the new subsidiary, told Reuters.

Jun 24, 2015

India’s Tech Mahindra to set up healthcare unit with $94 mln outsourcing deal

MUMBAI, June 24 (Reuters) – Indian IT firm Tech Mahindra Ltd
is setting up a new unit to sharpen its focus on
winning contracts in the healthcare industry, one of the
fast-growing segments for the outsourcing services providers, a
senior executive said on Wednesday.

The unit, to be called nth dimension, has won an IT services
project worth about 60 million pounds ($94.48 million) from
Britain-based healthcare company CircleHealth, Tech Mahindra’s
Rajib Bhattacharya, who will lead the new subsidiary, told
Reuters.

Jun 21, 2015

Global brands stretched by India’s food safety record

TALOJA, India/ MOGA, India, June 21 (Reuters) – At a
McDonald’s plant outside Mumbai, 200 workers walk
through air dryers and disinfectant pools, then get to work
making the day’s 25,000 patties from chicken painstakingly
sourced in a country with one of the world’s worst food safety
records.

To safeguard its multibillion-dollar brand, McDonald’s says
more than 100 checks it applies across its international
operations are then carried out after that.

Jun 17, 2015

India IT behemoths revamp culture to attract young talent, battle start-ups

MUMBAI, June 18 (Reuters) – India’s oldest and most
distinguished IT firms are doing what would have been almost
sacrilegious a few years ago – holding coding marathons to
develop innovative fixes and deploying “commando” units to
resolve clients’ IT woes within hours.

Infosys, Wipro and other Indian IT
giants, which rose to prominence during the outsourcing boom in
the 1990s and 2000s, have struggled to keep pace with
mushrooming start-ups. The rate of revenue growth has more than
halved since 2011-12, partly due to the emerging competition.

Jun 12, 2015

Nestle argues against ‘arbitrary’ Maggi ban in court

MUMBAI (Reuters) – An Indian regulator’s report that found excess lead in Maggi instant noodles should be disregarded, food group Nestle (NESN.VX: Quote, Profile, Research, Stock Buzz) said on Friday, as the sample was open for three months and past its sell-by date by the time it was tested.

Nestle has been battling its worst ever branding crisis in India since a regulator in Uttar Pradesh found monosodium glutamate (MSG) and excess lead in a sample of its hugely popular noodles.

Jun 12, 2015

Nestle argues against ‘arbitrary’ noodle ban in Indian court

MUMBAI, June 12 (Reuters) – An Indian regulator’s report
that found excess lead in Maggi instant noodles should be
disregarded, food group Nestle said on Friday, as the
sample was open for three months and past its sell-by date by
the time it was tested.

Nestle has been battling its worst ever branding crisis in
India since a regulator in the northern state of Uttar Pradesh
found monosodium glutamate (MSG) and excess lead in a sample of
its hugely popular noodles.

Jun 11, 2015

iPhone maker Foxconn in talks to build first Apple plant in India

MUMBAI, June 11 (Reuters) – Foxconn Technology is in talks
to manufacture Apple’s iPhone in India, government
officials said, in a move that could lower prices in the world’s
No.3 smartphone market where the U.S. firm trails Samsung
Electronics and local players.

India could help Foxconn mitigate accelerating wage
inflation in China, where it makes the majority of iPhones, and
base production sites closer to markets where its key clients
want to grow.

Jun 5, 2015

Nestle pulls Maggi noodles off Indian shelves as food scare spreads

MUMBAI, June 5 (Reuters) – Nestle SA will pull its
Maggi instant noodles from stores across in India, withdrawing
one of the country’s most popular snacks after weeks of damaging
headlines triggered by regulators’ reports that some packs
contained excess lead.

In what has become India’s most significant packaged foods
scare for nearly a decade, Nestle reiterated on Friday that its
noodles were safe. But after coming under fire for what domestic
media said was a failure to react swiftly and decisively, the
group said it would pull the product regardless, more than two
weeks after food inspectors first reported their findings.

Jun 5, 2015

Nestle withdraws Maggi noodles in India after food scare

MUMBAI, June 5 (Reuters) – Food group Nestle has
withdrawn Maggi instant noodles from sale in India citing “an
environment of confusion for consumers”, after a food scare
triggered by a domestic regulator’s report that some packs of
the popular snack contained excess lead.

Nestle reiterated the noodles were safe. But after coming
under fire in local media for doing too little, too late in
response, the group said early on Friday that it would recall
the product regardless, weeks after food inspectors first
reported their findings.

    • About Nivedita

      "Think all things tech and telecoms. Currently in Mumbai. Previously in Chicago, covering retail, transport and airlines. Joined Reuters in 2008."
      Joined Reuters:
      2008
      Languages:
      English, Hindi, Bengali
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