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GlobalLogic expects to double revenues in 3 years
Software product development company GlobalLogic plans to double its total revenues in three years by growing at a compounded average growth rate (CAGR) of 40 per cent, through increased focus on research and development in telecom, homeland security and medical electronics.

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Business Standard / New Delhi August 26, 2009, 0:58 IST

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Regional rural banks prepare roadmap for core banking
The Regional Rural Banks (RRBs) in Orissa, in association with the nationalized banks sponsoring them, have prepared the road map for implementation of 100 per cent Core Banking Solutions (CBS) before the stipulated time period fixed by the Reserve Bank of India (RBI).
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India Eco Summit: Accenture to hire 8,000 in India

Global technology and consultancy giant Accenture today said it is going to add around 8,000 people in India by the end of next year taking its total employee base in the country to 50,000. - India Eco Summit: Sharma pitches for stimulus continuation - India Eco Summit: Fortis Healthcare to set up 3 more hospitals - India Eco Summit: "India at bottom half in man-woman equality index" - India Eco Summit: Ispat-Stemcor Rs 1,100-cr project to start soon - India Eco Summit: Kingfisher Airlines to raise $600 mn - India Eco Summit: ICICI to reduce stake in Firstsource "We are 42,000 right now and we imagine we will be about 50,000 by the end of 2010," Accenture Chairman and Chief Executive Officer William D Green told PTI on the sidelines of the India Economic Summit. Indicating a recovery from the global downturn, Green said the company will continue to focus in India, specially in the areas of analytics. Accenture"s focus in India is going to be the analytics space, which will help the clients convert information into insights for better yields. Green added, "We believe that analytics is going to be an important trend that our customers are going to demand from us. We think India is going to be a great place for us. We have some core centres of excellence in the analytics space in the country." Accenture, which has annual revenue of $21.58 billion for fiscal 2009, will strengthen its focus on clients in pharmaceutical, telecommunications and energy in the country.


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