Article: INDIAN NEWSPAPER HIGHLIGHTS - NOV 5, 2009.

NEW DELHI, Nov 5 Asia Pulse - Highlights of today's newspapers:

THE ECONOMIC TIMES

- Top multinationals banks continue to set up new back-office units or expand their existing captive operations in India even as the model is under criticism for being high cost and less efficient than third-party vendor operations. Wells Fargo, Ingersoll Rand and Standard Chartered are some of the banks and companies that are setting up or expanding their back-office centres in India.

- Companies that sowed the wind with harsh measures such as layoffs and pay cuts during the economic slowdown should be prepared to reap the whirlwind in the form of major ...

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