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Tuesday, March 8, 2011

India's Mahindra group ties up with Cisco, (NASDAQ: CSCO)

India's Mahindra group is partnering with U.S. telecom equipment maker Cisco Systems (CSCO.O) to provide a range of services including cloud computing, the companies said on Tuesday. The agreement would involve multiple contracts across regions, Mahindra's chief Anand Mahindra told a media briefing. Shares in Tech Mahindra rose 7.4 percent and shares in Mahindra Satyam rose 4 percent following the news. Both companies are units of the Mahindra group. (Reporting by Bharghavi Nagaraju;)

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