BANGALORE - As the global economy recovers fully, the resilient Indian information technology industry can bounce to double-digit growth again, Infosys Technologies chief executive S. Gopalakrishnan has said adding that his own company will expand in Brazil, Mexico and China.

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MUMBAI - S. Ramadorai Tuesday stepped down as the chief executive and managing director of software major Tata Consultancy Services (TCS).

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WASHINGTON - Four Indian Americans are among America's super-rich with Microsoft Corp co-founder Bill Gates still holding the top spot on the Forbes 400 list of wealthiest Americans with a fortune of $50 billion.

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MUMBAI - Anil Ambani-led Reliance Communications Wednesday said it has entered into a strategic alliance with Microsoft to offer Windows Mobile solution on its wireless networks.

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NEW DELHI - Microsoft India and Tata Consultancy Services (TCS) - a leading IT services, consulting, business solutions and outsourcing firm today announced a strategic alliance between the two companies to launch Microsoft-TCS virtualization Center of Excellence (CoE) in Chennai.

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MELBOURNE - Qantas has praised outsourcing partner Mahindra Satyam's performance despite the latter being embroiled in a much-publicised billion-dollar accounting scandal.

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BP selects Tata as technology vendor

NEW 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.

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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.

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KOLKATA - Outsourcing major Wipro is actively looking at overseas acquisitions, a top company official said here Wednesday.

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NEW DELHI - India's information technology and outsourcing industry is expected to grow over 7 percent this fiscal to log revenues of $64 billion with much faster expansion within the domestic market, a leading industry group said Wednesday.

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