HCL completes acquisition of IBM productsIn December, the company announced its plans to acquire IP assets of technology major IBM including its email Lotus notes for $1.8 billion.
HCL Technologies will make space for 2,000 IBM staffAbsorbing talent is part of firm's $1.8-billion IP deal to buy some of IBM's software assets.
HCL to acquire select IBM products for $1.8 billionThe acquisition which is the largest in the history of HCL, is expected to close by mid-2019.
HCL to fund $1.8-bn deal for IBM products mostly through internal accrualsRevenues to kick in by mid-2019; incremental revenue of $650 mn expected on annualised basis
Over 130 IBM India employees earned plus-Rs 1 crore salary in FY 2016Some 133 executives in the company received a salary of Rs 1 cr or more in the year. Infosys had 49 executives with compensation of Rs 1 cr...
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