Wipro overnight announced another acquistion, that of Infocrossing overnight for US$600M. This is the first Nasdaq liste firm that Wipro has bought and  the 9th in the last 2 or so years.
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Key parts of this transaction includes:

Size of the pearls ie aquisitions by Wipro are getting larger Indian firms are growing in confidence to buy listed firms The margins of Infocrossing are significantly under that of Wipro. This is an acknowledgement that the current flow of work for Wipro et al cannot continue, and they need to diversify their services portfolio. This will also require potentially require significant realignment at the acquired company to ensure margins are enhanced Focus on infrastructure - Wipro and the other Indian providers need to get serious about infrastructure services, it looks like Wipro is on the road to do this. Larger consolidations and acquistions from the other vendors are likely to keep up with the pace from Wipro and others.