Year: 2008

Quintegra Solutions has informed us about the launch of its Knowledge Process Outsourcing Services (KPO) with an initial investment infusion of Rs 27 crore consequent to the approval of shareholders at the extra ordinary general meeting held on 10 January 2008. The company plans to set up a new office in Chennai, dedicated to the new vertical, slated to be ready by the end of this quarter March 2008.

The company plans to focus its KPO services on the telecommunication, healthcare and BSFI industries to begin with. The company enjoys strong foothold with the clients in BFSI, telecom, health care in US market, which will continue to be the target for the new segment to start with. Later, the company would expand the services to clients at Europe in the first quarter of next financial year 2008-09.

India’s Worst Bank, ICICI Bank is planning to list its subsidiaries on the Indian bourses.

As per reports, the process would commence within six months, starting with ICICI Bank’s brokerage arm ICICI Securities, followed by two insurance arms — life insurance unit ICICI Prudential Life Insurance and general insurance arm ICICI Lombard General Insurance, and the bank’s housing finance arm. The other subsidiaries that may list on the bourses are the mutual funds assets management business, home finance business, and also ICICI Ventures, which is its private equity arm.