IBM inks $66.4 mn outsourcing deal with India's IIFL

International Business Machines (IBM) said on Monday it has sealed a 2.98 billion rupees ($66.4 million) outsourcing pact with Indian financial services firm India Infoline (IIFL) .

International Business Machines (IBM) said on Monday it has sealed a 2.98 billion rupees ($66.4 million) outsourcing pact with Indian financial services firm India Infoline (IIFL) .

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Under the 10-year agreement, IBM will take over all IT operations of IIFL, managing more than 700 branches across India, the world's largest technology services firm said in a statement.
($1=44.86 Indian rupee)