General Motors announced that it would outsource up to $15 billion of information technology work as it tries to cut costs and restructure operations.
5 year contracts were given to Wipro (India), Electronic Data Systems (EDS), Hewlett-Packard (HP), IBM, Cap Gemini (France), the Compuware Covisint unit of Compuware.
Microsoft has revealed it's plans to pump in $ 1.7 billion in India over the next 4 years. Microsoft will also employ another 3,000 employees to increase it's presence, said chairman Bill Gates on Wednesday.