HCL Technologies, an Indian IT services company, signed a contract worth $350m with Reader’s Digest Association. The deal is being seen as a shot in the arm for outsourcing in India, which has suffered from revelations of fraud in Satyam, one of the industry’s largest companies.
Source: The Economist
“Ajit came to Berkshire in 1986. Very quickly, I realised that we had acquired an extraordinary talent. So I did the logical thing: I wrote his parents in New Delhi and asked if they had another one like him at home.
“Of course, I knew the answer before writing. There isn’t anyone like Ajit,” Buffett said.