Re: World Bank bans India outsourcer Satyam for 8 years
Tata is still the standard, but I would say Reliance has made some major strides.
I don't see a backlash against Indian companies though, that is not how things work. Indian BPO/IT vulnerabilities are more linked to the global slow down.
Working on a TMT deal team, I can say that up until 1st qtr 08, Indian firms were pretty buoyant and active players in the global M&A scene. They have gotten overly cautious of late, which in my opinion, is not best way to go, considering the undervalued buying opportunities at the present time.