GenPact to set up in Philippines

According to ICE World, GenPact, formerly known as GE Capital Information Services, shall set up a global delivery services center in the Philippines and hire 1500 employees to handle voice-based transactions. A similar facility shall also be put up in Poland. GenPact also has entered into a 50:50 joint venture with NDTV to provide video editing, digitization, and graphics to news channel worldwide, according to The Financial Express. The company is facing challenges as well in preparation for its initial public offering.