EXXONMOBIL IN TALKS WITH LOCAL VENDORS FOR $1BILLION IT CONTRACTS

World’s biggest oil company ExxonMobil is in talks with India’s top technology firms and multinational vendors for outsourcing of several IT contracts worth up to $1 billion.

A day after British Petroleum (BP) formally awarded over $1.5-billion outsourcing contracts to TCS, Infosys and Wipro along with IBM and Accenture, top Indian offshore vendors including L&T Infotech and HCL Technologies - along with other MNC vendors - have locked horns with each other for almost $1-billion outsourcing deal being fleshed out by ExxonMobil.

The Economic Times

Genpact sees no drag, to hire 10,000 again

Global slowdown notwithstanding, Genpact Ltd, a business process outsourcing (BPO) firm, plans to hire as many as it did last year in a bid to maintain its "30% to 35%" growth rate.

Sify.com
http://sify.com/finance/fullstory.php?id=14695172