The market is finally beginning to show signs of recovery, and we are seeing many signs of that- many interesting deals have been signed in the last 2 months- The Lehman Brothers deal with TCS and Wipro, valued at a $70 million, is probably the most recent and high profile one.

"If an account has been managed correctly, the IT service provider should not be hit too badly during downturns. If relationships have been developed at key level and quality is maintained throughout, there should be no complaints during bad times."
says Mr. Vipul Doshi , COO of InterGlobe Technologies (IGT)

IBM Corp has bagged a US$ 5 billion technology contract from the investment bank JP Morgan Chase. As per the 7-year contract, IBM would take over the global computing operations for J.P Morgan in areas like retail banking, trading and securities processing.