Deals

Genpact Signs Strategic Cooperation Framework Agreement with Tianjin Economic and Technological Development Area
Genpact Limited (NYSE: G) has signed a strategic cooperation framework agreement with Tianjin Economic and Technological Development Area (TEDA). According to the agreement, Genpact will establish a public service platform for enterprises in TEDA.
http://www.genpact.com/home/aboutgenpact/press-releases/signs-strategic-agreement-with-TEDA.aspx

Bharti Airtel to outsource the management of its Service Provider Information Technology (SPIT) systems in Africa to IBM
Bharti Airtel Limited has selected IBM to manage the computing technology and services that power Bharti Airtel's mobile communications network spanning 16 African countries.
http://www-03.ibm.com/press/us/en/pressrelease/32505.wss

Accenture and DnB NOR Sign Five-Year Application Outsourcing Agreement
Accenture (NYSE: ACN) has signed a five-year application outsourcing agreement with DnB NOR (OSE: DnB NOR ASA), Norway’s largest financial services group, to develop, implement and manage a range of applications that support the company’s life and pension insurance operations in Norway.
http://newsroom.accenture.com/article_display.cfm?article_id=5063

TCS inks deal with British Airways to develop IT solution for aviation
TCS today said it has entered into a pact with (BA) to develop IT software solution for maintenance, repair and overhaul (MRO) for aviation.
http://economictimes.indiatimes.com/infotech/software/TCS-inks-deal-with-British-Airways-to-develop-IT-solution-for-aviation/articleshow/6652684.cms

TCS bags Rs 218 cr AGL deal
Software firm Tata Consultancy Services (TCS) has bagged a five-year IT infrastructure management services contract, worth more than 50 million AUD (about Rs 218 crore), from Australian renewable energy company AGL Energy.
http://economictimes.indiatimes.com/infotech/software/TCS-bags-Rs-218-cr-infra-management-contract-from-Australias-AGL/articleshow/6651879.cms

Firstsource bags $100 mn outsourcing deal from Barclays
BPO firm Firstsource Solutions has bagged a five-year outsourcing contract, worth up to $100 million from the UK-based banking major Barclay Plc's unit Barclayscard. Firstsource has signed a five-year outsourcing partnership agreement and the deal size is between $80-100 million. The deal involves management of Barclay card's credit card and consumer lending business.
http://economictimes.indiatimes.com/infotech/ites/Firstsource-signs-5-yr-outsourcing-pact-with-Barclaycard/articleshow/6660546.cms

M&A, Partnerships, JV

TCS buys captive unit of SuperValu for $100 mn
Tata Consultancy Services has acquired Super-Valu Services India, the captive IT/ unit of Minneapolis-based grocery retailer SuperValu Inc. As per a multi-year deal, valued over $100 million, over 600 associates of SuperValu working in will now become part of TCS. The engagement is transformational in nature and will drive operational efficiencies for SuperValu through integration of IT, BPO and infrastructure services.
http://www.tata.com/media/reports/inside.aspx?artid=YVBaL0ybQoc=

Baltimore Gas and Electric Company Teams with Accenture and Oracle for Smart Meter Implementation throughout Central Maryland
Baltimore Gas and Electric (BGE), a subsidiary of Constellation Energy (NYSE: CEG), has teamed with Accenture (NYSE: ACN) and Oracle to implement a smart meter network for its 1.2 million customers. The planned implementation is part of BGE’s smart grid initiative that aims to reduce peak electricity demand, increase customer service and enhance operational performance.
http://newsroom.accenture.com/news/baltimore+gas+and+electric+company+teams+with+accenture+and+oracle+for+smart+meter+implementation+throughout+central+maryland.htm

IBM to buy analytics company Netezza for $1.7 bn
IBM (NYSE: IBM) and Netezza Corporation (NYSE: NZ) have entered into a definitive agreement for IBM to acquire Netezza, a publicly held company, at a net price of approximately $1.7 billion. Netezza will expand IBM's business analytics initiatives to help clients gain faster insights into their business information, with increased performance at a lower cost.
http://www-03.ibm.com/press/us/en/pressrelease/32514.wss

News & Events

Cognizant in talks for Genpact takeover
Cognizant is in talks for the acquisition of business process outsourcing firm, Genpact. Cognizant, the information technology giant said it is in advanced discussions with Genpact and will be making an announcement soon regarding its offer for Genpact. Genpact is a major business process outsourcing firm.
http://www.business-standard.com/india/news/cognizant-in-talks-to-buy-genpact/408580/

Capgemini launches new business info management tool in India
Capgemini has launched its new customer business information management (BIM) experience showcase here.
The showcase, CUBE, is an interactive platform where customers can experience innovative business information management solutions.
http://economictimes.indiatimes.com/infotech/software/Capgemini-launches-new-business-info-management-tool-in-India/articleshow/6601740.cms

Tech Mahindra-Satyam merger to start Nov: Exec
India's Tech Mahindra will start the process to merge outsourcer Mahindra with itself by mid-November.
http://economictimes.indiatimes.com/infotech/software/Tech-Mahindra-Satyam-merger-to-start-Nov-Exec/articleshow/6653175.cms

Awards

HCL Technologies makes it to Forbes Asia's Fab 50
HCL Technologies makes it to Forbes Asia's Fab 50.
http://www.forbes.com/lists/2010/37/fab-50-10_Asias-Fab-50-Companies_Company.html

Infosys Technologies Awarded the 2010 Force of Ideas Award for Strategic Engagement by Corporate Executive Board
Infosys Technologies Limited (NASDAQ: INFY) has been awarded the 2010 Force of Ideas Award at the Corporate Strategy and Finance Board Summit hosted by the Corporate Executive Board, USA in Washington D.C. This award recognizes management practices that redefine the way companies do business, creating sustainable value for organizations.
http://www.infosys.com/newsroom/press-releases/Pages/corporate-strategic-engagement-award.aspx

Analyst/Reports

Inc. magazine releases Top 50 IT/ITES Company rankings
Inc. magazine releases Top 50 IT/ITES midsize enterprise rankings.
http://files.shareholder.com/downloads/SYNT/1028951802x0x404935/bc57ac57-f8f0-41e2-b753-ffbc288cb4c3/India_Inc_best_performing_2010.pdf