B R E A K I N G N E W S ...

B R E A K I N G    N E W S ... Infosys bags $50 mn contract from Telstra Indian software major Infosys has signed a five-year $50 million contract with Australian telecom and information systems giant Telstra for software development and maintenance and is planning to open a development centre down under. Infosys will be taking over the work, which was earlier carried out by IBM Global Services Australia, formerly a joint venture between Telstra, IBM and Land Lease. Infosys is also looking at office space for a development centre in Australia for which it plans to hire 250 employees.