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Buffett Reignites Berkshire Hathaway with a $4 Billion Spending Spree

Wed, 27 Aug 2008 15:57:00 GMT

By Jason Simpkins Associate Editor Not even Warren Buffett was immune to the stock market’s rampant first-half gyrations, as Berkshire Hathaway Inc. (BRK.A, BRK.B) notched its worst first...[More...]

What the U.S. Can Learn From Indian R&D

Wed, 23 Jul 2008 14:49:00 GMT

We've heard the dire warnings before.
A recent admonition came from the Business Roundtable, which cautioned that the U.S. could lose its competitive edge to India and China unless it doubles higher education graduation rates in engineering and science.
Indian industry has developed a surrogate education system that can take workers with weak educational backgrounds and turn them into world-class R&D specialists.

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Genpact Reports Results for the Third Quarter of 2009

Wed, 04 Nov 2009 16:46:00 GMT

Key Financial Results -- Third Quarter 2009
Revenues were $284.4 million, up 5.0% from $270.8 million in the third quarter of 2008.
Net income attributable to Genpact Limited common shareholders was $33.1 million, down 1.7% from $33.6 million in the third quarter of 2008; net income margin for the third quarter of 2009 was 11.6%, down from 12.4% in the third quarter of 2008.

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Genpact Opens New Remote Operations Center in Hyderabad, India

Wed, 21 Oct 2009 13:46:00 GMT

Genpact (NYSE: G), a leader in the globalization of services and technology and a pioneer in managing business processes for companies around the world, today announced the opening of its Remote Operations Center (ROCSM) in Hyderabad, India.
Genpact has been able to reduce its clients' infrastructure management budgets by over 25 percent leveraging its RIMnexgenSM approach.
Mr. Pramod Bhasin, President and CEO, Genpact said, "Businesses across the world are increasingly reliant on IT services to support their strategic business initiatives.

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CORRECTING and REPLACING United Biscuits Partners with Genpact to Optimize its Finance & Accounting Operations

Wed, 05 Aug 2009 18:32:00 GMT

First graph, first sentence of release should read: ...has been awarded a seven year contract... (sted ...has been awarded a five year contract...). Genpact boilerplate, next to last sentence should read: ...Romania, South Africa, Spain... (sted ...Romania, Spain...).[More...]

United Biscuits Partners with Genpact to Optimize its Finance & Accounting Operations

Wed, 05 Aug 2009 13:12:00 GMT

Genpact (NYSE: G), a leader in the globalization of services and technology and a pioneer in managing business processes for companies around the world, today announced it has been awarded a five year contract to provide multiple finance and accounting (F&A) services for United Biscuits (UB), a leading European manufacturer and marketer of biscuits, cakes and snacks. This new partnership will allow skilled Genpact professionals to work alongside the UB team in a concerted effort to boost the effectiveness of existing F&A processes thereby freeing-up resources that can be re-focused on core aspects of the business.[More...]

UCB Selects Genpact to Manage Its Global Finance & Accounting Operations

Tue, 04 Aug 2009 10:46:00 GMT

Genpact (NYSE:G), a leader in the globalization of services and technology and a pioneer in managing business processes for companies around the world, today announced it has been awarded a five-year contract to provide multiple finance and accounting (F&A) services to UCB, a global biopharmaceuticals company.
Through this new partnership, Genpact will deploy experts at its near-shore location in Romania, and additional centers in India, to increase the operational effectiveness of UCB's F&A systems across eleven European countries and the United States.
Commenting on the importance of this new relationship, Olaf Elbracht, Vice President Accounting, Reporting & Shared Services at UCB said, "Genpact's proven track record of maximizing efficiency in F&A processes was a major factor in our decision to select them as our partner for this critical initiative.

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Genpact Reports Results for the Second Quarter of 2009

Tue, 04 Aug 2009 10:46:00 GMT

Key Financial Results -- Second Quarter 2009
Revenues were $272.9 million, up 8% from $253.6 million in the second quarter of 2008.
Net income attributable to Genpact Limited common shareholders was $29.7 million, up 20% from $24.8 million in the second quarter of 2008; net income margin for the second quarter of 2009 was 10.9%, up from 9.8% in the second quarter of 2008.

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Genpact Schedules Earnings Announcement and Conference Call for Second Quarter Fiscal 2009 Results

Thu, 09 Jul 2009 00:49:00 GMT

Genpact Limited (NYSE:G), a leader in the globalization of services and technology and a pioneer in managing business processes for companies around the world, will announce results for the second quarter ended June 30, 2009 on Tuesday, August 4, 2009.
Genpact management will host a conference call beginning at 8:00 a.m. EDT on August 4, 2009 to discuss the company's performance for the second quarter of fiscal 2009.
Thereafter, callers will be prompted to enter the participant passcode, 42150539.

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Genpact Launches LeanDesk for Enterprise Desktop Virtualization

Wed, 08 Jul 2009 12:21:00 GMT

Genpact (NYSE:G), a leader in the globalization of services and technology and a pioneer in managing business processes for companies around the world, today announced the launch of LeanDeskSM. This new remote computing infrastructure can reduce desktop management costs up to 30% by centralizing desktop operations, improving data integrity and offering a standardized desktop computing environment.[More...]

Genpact Launches New Services to Aide U.S. Mortgage Industry and Home Owners

Wed, 03 Jun 2009 13:49:00 GMT

Genpact (NYSE:G), a leader in the globalization of services and technology and a pioneer in managing business processes for companies around the world, today announced a new line of services designed to help U.S. mortgage lenders and servicers satisfy the unprecedented demand for loan modifications.
We believe that based on our expertise in streamlining processes, and our record of successful service to the industry, we are uniquely positioned to assist lenders manage this increase in activity."
In an effort to accelerate the industry's response to this increased demand, Genpact now offers a suite of U.S.-based services that improve the efficiency and effectiveness of the loan modification process.

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Huntsman Selects Genpact to Provide Global Accounts Payable Services

Thu, 28 May 2009 13:34:00 GMT

Genpact (NYSE:G), a leader in the globalization of services and technology and a pioneer in managing business processes for companies around the world, today announced that it has been awarded a five year contract to provide global accounts payable services to Huntsman’s operations across Europe, North America and Asia Pacific. Terms of the contract were not disclosed.[More...]