Former employees of a call centre in Pune, India, were arrested this week on charges of defrauding four account holders in New York of Citibank N.A., a subsidiary of Citigroup Inc., to the tune of US$300,000, according to a police official in Pune.
As the cost of engineers goes up in Israel, Ness Technologies Inc. of Tel Aviv plans to increase its software development staff through acquisitions in India and Eastern Europe, according to an executive.
Infosys Technologies Ltd. said Thursday that it is investing US$20 million into a business consulting subsidiary in the U.S., which will be managed by four former senior executives of global consulting firms.
As leading vendors in many IT sectors rush to dive directly into the services swimming pool, the top player in the networking hardware arena seems content to lounge on the deck and let its partners get wet.