Current Affairs - Business - Discussion

Discussion :: Business - Latest Current Affairs (Q.No.53)

53. 

Which IT firm bags $300-million deal from ICICI Bank?

[A]. HCL
[B]. Infosys
[C]. Wipro
[D]. Cognizant

Answer: Option C

Explanation:

IT services major Wipro Limited has bagged a strategic contract valued at $300 million from the ICICI Bank. Under the contract, Wipro will offer a comprehensive suite of services to ICICI Bank for the next seven years, starting September 2019. Currently, Mumbai-based IT services firm Vara infotech provides these services to the ICICI Bank. As part of this strategic engagement, Wipro will absorb about 3,800 employees of Vara infotech along with its existing contracts, facilities and assets.

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