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  • Sep 01, 2014
  • Infosys, Wipro scout to pick up stake in startups, raise investment bankers' hopes for more deals

    Vishal Sikka at the helm of Infosys and Rishad Premji as head of strategy at Wipro scouting to pick up stake in startups focused on disruptive technologies have made investment bankers optimistic that country's moribund outsourcing sector could see more deals in the coming months.However, both foreign and domestic bankers believe that the small acquisitions and partnerships would not be enough and a big buy-out has to be done before the rainmakers who help companies merge and raise capital could raise a toast.

    Source - http://economictimes.indiatimes.com