WALL STREET JOB LOSSES MAY BE ASIA'S GAIN

Within hours of Bank of America agreeing to buy Merrill Lynch this week, Indian financial services firm Ambit hired five Merrill executives, a sign that Asia hopes to gain from massive Wall Street layoffs.

The Economic Times

Genpact sees no drag, to hire 10,000 again

Global slowdown notwithstanding, Genpact Ltd, a business process outsourcing (BPO) firm, plans to hire as many as it did last year in a bid to maintain its "30% to 35%" growth rate.

Sify.com
http://sify.com/finance/fullstory.php?id=14695172

One night @ the Call Centre-in Hinterland

Welcome to the world of rural BPOs—an idea that has potential to dramatically change the way people look at rural and semi-urban workforce. While rural BPOs are changing lives for the village youth, for many companies the trend accompanies a big relief from increasing costs and nagging attrition in their urban units. Little wonder then, rural BPOs are growing at an impressive 60% clip, according to estimates.

The Economic Times
http://economictimes.indiatimes.com/
articleshow/msid-3085379,flstry-1.cms