Despite President Obama's anti-outsourcing policy, Infosys Technologies has bagged a BPO deal for $10 million under a three-year contract for providing back-end support such as data processing to Microsoft, reported the Economic Times quoting a person close to the development.
It is believed that Infosys BPO also bagged another three- year deal valued at $15 million from European telecom major Alcatel-Lucent, but it did not materialize due to legal issues. According to official sources, the telecom major is said to have floated a second request for the proposal and the IT major's BPO arm is likely to bag the deal. However, both the companies were not available for comments.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.