"The internet has truly democratised cross-border trade. The freelance economy has grown in India and a considerable number of Indians shop in the global marketplace."
Transfer of stake to Canada Pension Plan Investment Board expected to be one of the biggest PE exits in tech sector; GlobalLogic reportedly valued at $1.5 billion during transaction
The transaction would also be one of the biggest private equity exits in the technology sector post Capgemini’s $4 billion acquisition of Nadasdaq-listed iGate, which was again backed by Apax Partners.
"We have cloud service providers who work with Office 365. We also have partners in other areas. We want to expand that and improve the training we provide to them," Maheshwari said.
WNS, which is listed in the US, had said it would look at making tuck-in acquisitions to grow its higher-margin business.
The fifty startups will then be whittled down to ten, two from each category after personal meetings with experts.
Infosys is targeting tens of thousands of clients with mass coding plans to break the downward spiral of prices in its core business.
The New Delhi-headquartered IT firm also hired Adrian Morgan to head its insurance arm. Morgan was most recently UK head of Digital for Insurance, NIIT Tech said in a statement.
Analysts expect Infosys' revenue in constant currency to contract between 0.3-0.6% due to the loss of the Royal Bank of Scotland project, one of the first casualties of the Brexit vote.
Jalali takes over from BL Narayan who is joining Capgemini’s Business Services Strategic Business unit as head of solutions and sales support.
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