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Top News In ப்ல் தலைமை நிர்வாகி அதிகாரி நோயல் க்வின் Today - Breaking & Trending Today

India Coronavirus Cases: How Bengaluru's Huge Covid Surge Is Impacting Big US Firms

Experts have warned the crisis has the potential to worsen in the coming weeks.
About 8,300 miles east of Wall Street, on a stretch of Bangalore s Outer Ring Road, sits what was once the heart of the global financial industry s back office.
Before the pandemic, this cluster of glass-and-steel towers housed thousands of employees at firms like Goldman Sachs Group Inc. and UBS Group AG who played critical roles in everything from risk management to customer service and compliance.
Now the buildings are eerily empty. And with case counts soaring across Bangalore and much of India, work-from-home arrangements that have sustained Wall Street s back-office operations for months are coming under intense strain. A growing number of employees are either sick or scrambling to find critical medical supplies such as oxygen for relatives or friends. ....

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Wall Street giants' outsourcing ops in India suffer as workers call in sick

About 8,300 miles east of Wall Street, on a stretch of Bangalore’s Outer Ring Road, sits what was once the heart of the global financial industry’s back office.
Before the pandemic, this cluster of glass-and-steel towers housed thousands of employees at firms like Goldman Sachs Group Inc. and UBS Group AG who played critical roles in everything from risk management to customer service and compliance.
Now the buildings are eerily empty. And with case counts soaring across Bangalore and much of India, work-from-home arrangements that have sustained Wall Street’s back-office operations for months are coming under intense strain. A growing number of employees are either sick or scrambling to find critical medical supplies such as oxygen for relatives or friends. ....

Kuala Lumpur , Andhra Pradesh , Tamil Nadu , Jes Staley , Noel Quinn , Narendra Modi , Gartner Inc , Standard Chartered Plc , Morgan Stanley , Accenture Plc , European Banking Authority , Goldman Sachs Group Inc , Natwest Group Plc , Holdings Plc , Deutsche Bank , Jpmorgan Chase Co , Citigroup Inc , Barclays Plc , Wells Fargo Co , Wall Street , Outer Ring Road , Goldman Sachs Group , Chartered Plc , Wells Fargo , San Francisco Based , Chartered Chief Executive Officer Bill Winters ,

Wall Street giants get swept up by India's brutal coronavirus wave

About 8,300 miles east of Wall Street, on a stretch of Bangalore’s Outer Ring Road, sits what was once the heart of the global financial industry’s back office.
Before the pandemic, this cluster of glass-and-steel towers housed thousands of employees at firms like Goldman Sachs Group Inc. and UBS Group AG who played critical roles in everything from risk management to customer service and compliance.
Now the buildings are eerily empty. And with case counts soaring across Bangalore and much of India, work-from-home arrangements that have sustained Wall Street’s back-office operations for months are coming under intense strain. A growing number of employees are either sick or scrambling to find critical medical supplies such as oxygen for relatives or friends. ....

Kuala Lumpur , Andhra Pradesh , Tamil Nadu , Jes Staley , Noel Quinn , Narendra Modi , Beth Richek , Standard Chartered Plc , Morgan Stanley , European Banking Authority , Goldman Sachs Group Inc , Jpmorgan Chase Co , Citigroup Inc , Barclays Plc , Wells Fargo , Gartner Inc , Accenture Plc , Natwest Group Plc , Holdings Plc , Deutsche Bank , Wells Fargo Co , Wall Street , Outer Ring Road , Goldman Sachs Group , Chartered Plc , San Francisco Based ,

Wall Street giants get swept up by India's brutal Covid wave

In Bangalore, Delhi and Mumbai - the three main bases for financial operations- Covid infection rates have reached alarming levels.
BENGALURU: About 8,300 miles east of Wall Street, on a stretch of Bangalore’s Outer Ring Road, sits what was once the heart of the global financial industry’s back office.
Before the pandemic, this cluster of glass-and-steel towers housed thousands of employees at firms like Goldman Sachs Group Inc. and UBS Group AG who played critical roles in everything from risk management to customer service and compliance.
Now the buildings are eerily empty. And with case counts soaring across Bangalore and much of India, work-from-home arrangements that have sustained Wall Street’s back-office operations for months are coming under intense strain. A growing number of employees are either sick or scrambling to find critical medical supplies such as oxygen for relatives or friends. ....

Kuala Lumpur , United Kingdom , Andhra Pradesh , Tamil Nadu , Jes Staley , Noel Quinn , Narendra Modi , Gartner Inc , Morgan Stanley , European Banking Authority , Goldman Sachs Group Inc , Natwest Group Plc , Holdings Plc , Deutsche Bank , Jpmorgan Chase Co , Citigroup Inc , Barclays Plc , Wells Fargo Co , Wall Street , Outer Ring Road , Goldman Sachs Group , Wells Fargo , San Francisco Based , Chartered Chief Executive Officer Bill Winters , Prime Minister Narendra Modi , Group Plc ,

Wall Street giants get swept up by India's brutal Covid wave

Synopsis
India’s outbreak has intensified even as vaccination drives fuel economic recoveries in other parts of the world, heightening fears of a back-office bottleneck at a time when Wall Street firms have rarely been so busy.
ANI
In Bangalore, Delhi and Mumbai, the three main bases for the financial giants’ operations, infection rates have reached such alarming levels that local governments have ordered stringent restrictions on movement.
About 8,300 miles east of Wall Street, on a stretch of Bangalore’s Outer Ring Road, sits what was once the heart of the global financial industry’s back office.
Before the pandemic, this cluster of glass-and-steel towers housed thousands of employees at firms like Goldman Sachs Group Inc. and UBS Group AG who played critical roles in everything from risk management to customer service and compliance. ....

Kuala Lumpur , Andhra Pradesh , Tamil Nadu , Jes Staley , Noel Quinn , Narendra Modi , Gartner Inc , Standard Chartered Plc , Morgan Stanley , Accenture Plc , European Banking Authority , Goldman Sachs Group Inc , Natwest Group Plc , Holdings Plc , Deutsche Bank , Jpmorgan Chase Co , Citigroup Inc , Barclays Plc , Wells Fargo Co , Wall Street , Outer Ring Road , Goldman Sachs Group , Chartered Plc , Wells Fargo , San Francisco Based , Chartered Chief Executive Officer Bill Winters ,