Barack Obama Outsourcing

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  How Obamacare Could Help Firms Like TCS, Wipro and Infy

  India's IT outsourcing firms are betting on US President Barack Obama's healthcare reform to rev up revenue growth which is slowing as the $146 billion industry's key financial and manufacturing clients spend less on software services.

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  Why IT Honchos are Queuing up to Meet Barack Obama

  The US is the biggest market for India's over $100-billion outsourcing industry and contributes to the creation of lakhs of jobs in the IT sector.

• Anand Sharma hopes Obama won't rock the outsourcing boat

  Commerce and Industry Minister Anand Sharma today expressed hope that the US administration's proposal to end the tax incentives on outsourcing companies will not impact the growing bilateral trade relations between the two nations.

• India Inc optimistic after Obama win, but outsourcing concerns weigh

  India Inc. has expressed happiness over the re-election of President Barack Obama despite his hard line stand against outsourcing. India's $100 billion IT services sector is dependent on the U.S. and Europe for over 80 per cent of revenues.

• Obama maintains opposition to outsourcing jobs to nations like India

  During an intense debate with his Republican challenger Mitt Romney, Obama noted that the corporate tax rate is too high, which he wants to bring down, particularly for manufacturing, taking it down to 25 per cent.

• Obama not sorry about attacking Romney for outsourcing

  US President Barack Obama refused to apologize on Sunday for accusing Mitt Romney of outsourcing jobs while in charge of Bain Capital, a charge his Republican opponent has dismissed as "false."

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  Romney lays into 'outsourcer-in-chief' Obama

  The issue of sending jobs to low-wage nations such as China and India has sharpened into a major point of contention in the White House race.

• The Obama-Romney tussle on outsourcing in India, China

  US President Barack Obama and Vice President Joe Biden on Tuesday went full blast against Republican presidential nominee Mitt Romney, accusing him of outsourcing American jobs to countries like India and China. "There was an article the other day in The Washington Post about how Romney's former firm -- you know, -- was a pioneer in offshoring job...

• Obama attacks Romney for shipping jobs to India

  Seizing a news report that a company founded by Mitt Romney shipped American jobs to countries like India and China, President Barack Obama went into attack mode against his Republican rival.

• Barack Obama tears into Mitt Romney over Swiss bank account

  US President Barack Obama on Tuesday tore into Mitt Romney, branding his foe a corporate raider who outsourced American jobs overseas and piled up cash in offshore havens and a Swiss bank account.

• India formally complains about cost of US work visas

  Commercial ties between India and the United States flourished after India's economic liberalisation in 1991, but in recent years each side have accused the other of erecting unfair barriers to trade and investment growth. India's economy has benefitted greatly from information technology firms doing offshore work for U.S. companies, but such outs...

• Obama proposes tax on forex earnings to discourage outsourcing

  US President Barack Obama has proposed to establish a new minimum tax on foreign earnings to discourage large US firms from shipping jobs to countries like India.

• No tax breaks for firms outsourcing jobs: Barack Obama

  Keeping up his tirade against outsourcing, US President Barack Obama said that firms shipping jobs off shores should be denied tax breaks if manufacturing is to be brought back to America and employment is to be raised. "Tax breaks should go to manufacturers who set up shop here at home. Bigger tax breaks should go to high-tech manufacturers who cr...

• Don't look for skilled workers in India, China: Obama

  President Barack Obama has said that he does not want US companies to look for skilled and educated workers in India and China in fields like engineering, technology and science. To prevent that, Obama said, he wants to give the school and teachers the resources they need to train and educate students in the US.

• Indian IT firms paid $15 bn in US taxes in five years, says foreign secy Mathai

  On his first bilateral visit to the US, Foreign Secretary Ranjan Mathai said that the current economic climate there should not lead to protectionism, adding that the Indian IT industry accounts for 100,000 jobs there