Tata Group exits BPO JV with Sitel
 
US-based Sitel Corp. has purchased 50% stake of Tata Group in the BPO joint venture, Sitel India for $22.2 million. The voice-based BPO has centers in Chennai, Gurgaon, Mumbai and Hyderabad.
    
ISGN acquires Fair Isaac's MortgageHub in US
 
K.K. Birla Group company, ISGN Technologies, has purchased the mortgage software division, MortgageHub Inc., of US-based Fair Isaac Corporation. This acquisition will enable ISGN to provided end-to-end solutions to the US mortgage industry.  
    
Adea completes acquisition of CVR Consulting
 
Adea, a global provider of information technology solutions has acquired US-based CVR Consulting for $14 million and is in the process of establishing a SAP delivery center in China. The company declared revenues of $200 million for the financial year 2006.
    
Cognizant to ramp up its headcount in Pune center

Cognizant plans to increase its headcount in the Pune facility from 4,500 to 6,500 by the end of 2007. The company's estimated investment in India for 2007 is $200 million.
    
Cargill Ventures purchases 4% stake in KPIT Cummins

Cargill Ventures, a venture capital arm of Cargill Inc. will invest approximately $9 million for a 4% stake in Pune-based KPIT Cummins. According to Mr. Ravi Pandit, Chairman and Group CEO, KPIT Cummins, the relationship with Cargill Ventures will lead to a strong growth for the company.
    
Digital Group to ramp up operations in Pune

Digital Group Infotech (Digital India), a subsidiary of the New Jersey-based IT Solutions firm has opened its fourth 100-seater development center in Pune. The company will also increase its employee strength to 600 from the current 250 by the end of 2007.  
    
British Telecom to increase headcount in India

British Telecom (BT) plans to increase its employee strength in India by adding 6,000 people by 2008. Currently, BT has presence in New Delhi, Mumbai and Bangalore and plans to open centers in Chennai, Hyderabad and Kolkata.
   
ADP India eyes Pune

ADP India, the Indian subsidiary of Automatic Data Processing Inc, has opened an R&D center and a second BPO facility at Pune. The company has a center in Hyderabad with 2,100 employees. The Pune center will primarily focus on R&D functions and offer BPO services to the parent company.
    
GSK awards outsourcing deal to TCS

GlaxoSmithKline (GSK) has awarded an outsourcing contract with TCS for setting up a drug development support center in Mumbai. As per the contract, TCS will offer data management and medical trial reporting services to the pharma giant. Currently, GSK has 2,400 people working at its R&D center in Mumbai and Bangalore.