AIG strikes deal to sell India information technology unit to MphasiS for undisclosed amount

August 27th, 2009 BP selects Tata as technology vendorNEW YORK — Tata Consultancy Services, a unit of India's Tata Group conglomerate, said Thursday it was selected as a strategic information technology vendor for BP PLC, one of the world's biggest oil and gas companies. Terms were not disclosed.

July 28th, 2009 IBM to acquire SPSS for $1.2BARMONK, N.Y. — IBM Corp.

August 8th, 2006 Google has reached a deal with the owner of MySpace.com (News Corp.) to pay at least $900-million in shared advertising revenue and become the exclusive search provider for the popular online hangout. The deal, which marries the Internet's leading search engine with the top social-networking site, means News Corp.

August 19th, 2009 By Arvind Padmanabhan and Fakir Balaji The global slowdown and the financial crisis have ironically whetted the appetite of India's $71 billion outsourcing industry for takeovers, as back-office arms of multinational companies, both large and small, are being acquired by them in steal deals. And much to the delight of Indian buyers, the sellers have almost always awarded multiyear, multimillion dollar contracts to get the same services from them that has insured the jobs of millions of Indian youth.

June 27th, 2009 Regulators extend review of Oracle's Sun takeoverREDWOOD SHORES, Calif — The Department of Justice wants more information about Oracle Corp.'s planned takeover of computer server maker Sun Microsystems Inc., extending the agency's review of the $7.4 billion deal. Software maker Oracle said in a statement Friday that the Justice Department has extended its initial 30-day review period to seek additional information.

December 22nd, 2008 BANGALORE - India's second largest IT bellwether Wipro Technologies Tuesday announced acquisition of Citi Technology Services, the India-based captive provider of IT services and solutions to Citigroup entities worldwide, for $127 million in an all-cash deal. As part of the deal, Wipro and Citi will sign a Master Services Agreement for delivery of technology infrastructure services and application development and maintenance services for six years, which is projected to accrue $500 million during the contract.

July 28th, 2009 IBM scoops up software maker SPSS in $1.2B dealSAN FRANCISCO — IBM Corp. is bulking up its most profitable division with a $1.2 billion acquisition of business software provider SPSS Inc., a deal that also reflects the power of wealthy technology companies to throw their money around despite the recession.

January 19th, 2009 NEW DELHI - The Rs.70-billion accounting fraud at Satyam Computer will not mar the image of corporate India abroad, Minister for Science and Technology Kapil Sibal said here Tuesday. 'There are a lot of shining stars in India's corporate world who will ensure that the flag of India keeps flying high,' said Sibal.

October 6th, 2009 IBM signs $200M outsourcing contract with telecomSAN FRANCISCO — IBM Corp. says it has won a $200 million contract to handle some technology chores for a company called Datacom Solutions as it rolls out telecommunications services in India.

March 17th, 2009 BANGALORE - The State Bank of India (SBI) group deployed 3i Infotech software to prevent money laundering in compliance with the central bank's regulatory order, the bank said Tuesday. 'We have contracted with IT software product firm 3i Infotech to deploy its anti-money laundering solution across our group comprising SBI and six associate banks to monitor any suspicious transfer of money, including terror financing,' SBI chief general manager B.S.

January 8th, 2009 BHUBANESWAR - The Orissa government will re-examine the application for land that the scam-tainted IT bellwether Satyam Computer wants for setting up a new unit in the state, a senior official said here Friday. The company sought land to set up a business process outsourcing unit, information technology department P.K.

March 16th, 2009 NEW DELHI - HCL Technologies, a leading global IT solutions major, Monday announced a $350-million deal from Reader's Digest spread over seven years to provide a wide range of outsourcing services. The scope of the deal with Reader's Digest Association includes development of software applications, infrastructure support, network security, data storage, disaster recovery and support for data centres, a company statement said.

May 6th, 2009 BANGALORE - Wipro Technologies has bagged an outsourcing contract for an undisclosed amount from telecom company Unitech Wireless, the IT firm said Wednesday. Unitech Wireless, which received licence last year to operate in 22 telecom circles in the country, is yet to launch its services.

September 1st, 2009 EBay Skype to sell stake in SkypeSAN JOSE, Calif. — EBay Inc.

May 5th, 2009 Report: NKorea operating cyber warfare unitSEOUL, South Korea — North Korea runs a cyber warfare unit that tries to hack into U.S. and South Korean military networks to gather confidential information and disrupt service, a news report said Tuesday.