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

INFY MAY TOP HCL AXON BID

Infosys is likely to make a one-time move to match or surpass HCL’s offer to acquire London-headquartered SAP consulting firm Axon, but would guard itself from entering into an expensive bidding war..

Indiatimes - Infotech

HCL TO COUNTER INFOSYS' BID FOR UK FIRM AXON

India Inc’s biggest overseas acquisition in the software space might just grow bigger as HCL Technologies is learnt to be offering 15% over and above Infosys’ bid for the UK-based SAP consultant Axon.

The Economic Times

AIMING GLOBAL, INFOSYS BUYS UK CO IN MEGA-DEAL

After pharma, auto and steel companies, now it’s the turn of Indian infotech companies to go for mega acquisitions abroad. In probably the largest overseas acquisition by an Indian infotech company, Infosys Technologies, India’s No 2 software services exporter, has agreed to buy UK-based consultancy services firm Axon Group Plc in an all-cash deal valued at Rs 3,310 crore (around £407.1 million, or $753.1 million).

The Indian Express

A TALE OF TWO STRATEGIES

The management of human resources has a strong link with the financial performance of a multinational company. Indian multinationals are showing how to foster it.

Business Standard