Outsourcing News - NaviSite Signs Commitment Letter for $70 Million Term Loan Facility and $3 Million Revolving Credit Facility; NaviSite
NaviSite Signs Commitment Letter for $70 Million Term Loan Facility and $3 Million Revolving Credit Facility; NaviSite
NaviSite, Inc. (Nasdaq: NAVI), a leading provider of IT hosting, outsourcing and professional services for mid- to large-sized organizations, today announced that it has entered into a commitment letter with Silver Point Finance for up to $70 million in a senior secured term loan facility and up to $3 million in a senior secured revolving credit facility.
OnlineFX Forges Strategic Alliances with Travel Agents to Offer High Street Currency Provision
OnlineFX has begun outsourcing currency to High Street Travel Agents. It is a move that will result in better exchange rates that will benefit the traveller and allow Travel Agents to profit from the growing foreign exchange market. [PRWEB Mar 24, 2006]
Parliamentary panel raps CIL for outsourcing work
New Delhi: A Parliamentary Committee has rapped Coal India Ltd (CIL) for fudging cost figures to justify and continue outsourcing of its various coal production activities.
