Posted in Community :
Equity Investments: Hot Stocks
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Activity:
12 views;
last activity : 07 06 2010 20:18:09 +0000
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Valuations are going down
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BPO jobs will be cut
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The bankruptcy and financial turmoil will definitely have an impact on
the buyouts in the Indian BPO industry, which is all set to see
valuations go down further. Citi BPO, Citibank’s captive unit is
already on for a sale in India, for quite sometime now.
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In another development on Monday itself, Bank of America announced to
take over Merill Lynch for $50 billion. Merrill Lynch has a captive
unit in Mumbai and BankAm has it’s captive unit in Hyderabad. Even as
BankAm Chairman on Monday said that he sees high growth opportunities
in domestic business in India, analysts say with consolidation, some
BPO jobs might be on their way out.
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