Nortel bankruptcy pulls down Indian IT stocks

Nortel bankruptcy pulls down Indian IT stocks

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MUMBAI - Indian IT firms received another jolt Thursday when Canada-based Nortel Networks, one of North America’s largest telecom equipment firm and an important client for outsourcing firms here, filed for bankruptcy.

Among the biggies of Indian outsourcing firms that are expected to bear the heat of the development are Tata Consultancy Services (TCS), Wipro, Infosys [...]

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