http://www.clusterstock.com/2008/8/wall-street-s-finally-hiring-again-in-india
Yup interesting and not really surprised. In fact if am not wrong this is been happening for sometime (1-2 yrs) now although firms are hesistant to completely disclose, fearing client backslash. But this will grow more now, given bleeding on wall street. I would add few european banks to the list which are also operating with same model. I think next big step for banks, seems, buying mom-pop businesses bringing in consolidation within local market.
This might be a good news for Indians thinking of heading back to homeland after working /studying in US.