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US investment bank Goldman Sachs announced Wednesday it was recruiting an additional 700 people with expertise in finance, management and technology in India to take the headcount to 1,200 by next year. Goldman Sachs' chief administrative officer Edward Forst said the Global Services Centre based in the technology hub of Bangalore which began operations last year had expanded its portfolio to include treasury, equity and asset management. Frost told reporters that the Indian centre offered a cost advantage of about 50 percent compared to other such centres in the United States and Europe. Bangalore, the high-tech capital of India, is home to more than 1,500 domestic and foreign technology firms. All rights reserved. © 2005 Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse. Related Links TerraDaily Search TerraDaily Subscribe To TerraDaily Express 
Weatherman's Monsoon Talk Says It All In Agriculture-Dependent India
Bangalore, India (AFP) Jun 05, 2005Prashant Goswami at this time of year has farmers, government officials, global investors, stock market players and economists hanging on his every word - provided he's making monsoon talk. India Looks To China, Not Just U.S. 
Washington (UPI) May 27, 2005The warm and successful visit of China's top military officer to New Delhi last week has confirmed the lesson of the F-16s sale to Pakistan: India under its Congress government puts detente with China above partnership with America. |
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