Energy from the Earth - new media

More documents

Recommendations

Info

AvenuesHinduja BPO Firm Buys Canada's OLS,Expands Global BusinessHGS (formerly known as Hinduja Global Services), the come down from 75 percent to 60 percent. Thebusiness process outsourcing company of the Hinduja Canadian market, unlike the US, is growing and hasGroup, has announced the acquisition of Canada- had little impact from the recession. This acquisition willbased On-Line Support, a customer relationship give us the market presence,” said Partha Sarkar, CEO.management company, for C$74.85 million (Rs 345.8The acquisition is being funded through internalcrore), in an all-cash deal.accrual but the company is also in talks with banks toOLS offers technical support, inbound and outbound raise funds. “Before the acquisition, our cash was $150sales, customer care and customer retention in English million. We are in talks with bankers to raise anywhereand French languages and has 1,650 seats at 10 sites between $35 to $50 mn,” said Sarkar.in Canada. In 2010-11, the company had a turnover ofThis acquisition presents both companies withC$63.4 mn (Rs 293 crore) and had close to 1,800opportunities to cross-sell and up-sell to existingemployees. It has presence in media, telecom,clients. Consolidated annual revenue of HGS will crosstechnology and BFSI (banking, financial services and$300 mn (Rs 1,330 crore). It now has a presence in 42insurance) works with clients such as Bell Telecom,delivery centres across the USA, India, Philippines,Virgin Telecom, Apple and American Express.Canada, Mauritius and the UK, with offerings in 25“This acquisition will reduce our dependence from the languages. After the acquisition, HGS' staff strengthUS markets. After this, our revenues from the US will would be 21,300 employees worldwide. FTA with Canada Likely beforeend of 2011-12Indian Commerce Secretary Rahul Khullar has saidthat free trade agreements with Europe, Canada andNew Zealand are likely to be through by the end of thisfiscal year 2011-12. Preferred trade agreements withColombia and some other countries in that region arealso being worked out, he said.Reiterating the need to diversify into new markets tocounter global uncertainties in markets such as theEuropean Union, Japan and the US, Dr Khullar said :"We hope to put in place FTAs by the end of this fiscal."The Commerce Secretary was speaking at aninteractive session organized by the CII. "We arelooking at preferential trade agreements or FTAs withColombia and some other countries in the region," hesaid.According to Khullar, the Ministry was also planning toput in place a package for exports soon. He addedthat exchange rates are likely to remain volatile.Currently, the country is witnessing a high interest cycleand may see a little more peaking. "Both interest ratesand inflation however, are likely to come down in thenext 12 to 15 months," Khullar said..26Indo-Canadian Business October - December 2011
EventCanadian Transportation Excellence Awardsfor Outstanding PerformanceMinister of Transport, Infrastructure and Communities who has made outstanding contributions to theDenis Lebel, together with the Transportation betterment of the transportation industry in terms ofAssociation of Canada (TAC) have announced the safety, sustainable development, research, technology,winners of the 2011 Canadian Transportation Awards policy or corporate development. Jake Kosior, seniorProgram (CTAP). The awards, which are supported by transportation planner at Manitoba's Department ofTransport Canada, recognize leadership, excellence Infrastructure and Transportation, was honoured for hisand achievement in all modes of the transportation work on efficient supply chain networks and thesector.transportation system."Through their efforts, these recipients show exemplary The Award of Achievement is conferred upon anleadership and help Canada achieve many of its individual who has made positive and measurabletransportation objectives relating to the environment, improvements to transportation through innovationsafety and security, and system efficiency." "The and who has shown initiative on a particular project.Government of Canada is proud to be a part of this Garfield Dales, Manager, Windsor Border Initiatives, atannouncement." said Minister Lebel, who is also the Ontario Ministry of Transportation received theMinister of the Economic Development Agency of award in recognition of his important contribution toCanada for the Regions of Quebec.the transportation network serving the Windsor-Detroit"The CTAP awards provide an excellent platform toborder crossing.recognize outstanding contributions to the The Award of Academic Merit is given to an individualtransportation sector," said TAC President Ray Mantha. who has made a long-term contribution to the"Our country is fortunate to have such fine advancement of academic research and to theprofessionals working to improve Canada's development of transportation leaders of the future.transportation industry as a whole or a particular aspect This year's recipient was Dr. Liping Fu, professor of Civilof the network."and Environmental Engineering at the University ofAlberta Minister of Transportation Luke Ouellette andWaterloo.Associate Deputy Minister, Infrastructure Canada, John For the first time this year, the Citation for LifetimeForster presented all the five awards at the closing Achievement in Transportation Policy and Decisionbanquet of TAC's annual conference in Edmonton, Making was also attributed. Alberta Premier EdwardAlberta, on 14 September 2011.Stelmach was acknowledged for his distinctive, widelyrecognized contribution to transportation policy andThe coveted Transportation Person of the Year award isdecision making an area not covered previously bygiven to an individual who has assumed a leadershipother awards.role contributing to the improvement or advancementof the transportation industry. This year's recipient was The Transportation Association of Canada is aGary McNeil, President of GO Transit, in recognition of national, not-for-profit association with a mission tohis important contribution to the organization's promote the provision of safe, secure, efficient,ridership growth and customer satisfaction with transit effective, and environmentally and financiallyservices for the Greater Toronto and Hamilton Area. sustainable transportation services in support ofThe Award of Excellence is presented to an individualCanada's social and economic goals.27Indo-Canadian Business October - December 2011
Page 1 and 2: October - December 2011On the FAST
Page 3 and 4: IssueT s In hiCover Story05Minister
Page 5 and 6: Cover StoryInfrastructure, Energy,
Page 7 and 8: Cover Storystrategy as part of the
Page 9 and 10: EconomyInfrastructure Gets Top Prio
Page 11 and 12: InterviewQuébec Can Meet India's G
Page 13 and 14: FocusIndian Economic Growth Hinges
Page 15 and 16: Focusto grow to 400 million by 2020
Page 17 and 18: Analysiszones across India. Further
Page 19 and 20: Perspectiveeffective results.R&D in
Page 21 and 22: FeatureBombardier Helps India Rise
Page 23 and 24: FeatureExpanding Delhi Metro Acquir
Page 25: AvenuesPunj Lloyd Building Sikkim's
Page 29 and 30: AccoladeMontreal-born Doctor GetsPo

Energy from the Earth - new media

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?