Yet another firm that believes you can fire overpaid domestic workers and hire cheap Indian labor at a fraction of salary cost. If this in IT, service will rocket downward fast. Another snake oil sale.
Better stock to buy is GWPH. Up $15 yesterday and another $9+ today. Target price $103
This announcement shocked me. I'm surprised NVS would make any investment in India after the disregard they have shown for the Glivec intellectual property.
All you need to do is dangle $4 an hour before management and they jump at it. Easy.