Indian outsourcing majors in talks for $1 billion Exxon deal: report

ExxonMobil is in talks with Indian technology firms including L&T Infotech and HCL Technologies Ltd. and multinational vendors to outsource IT contracts worth up to $1 billion, the Economic Times reported on its Web site Friday, citing a U.S.-based person familiar with ExxonMobil's outsourcing strategy.

"The discussions are at an early stage. However, ExxonMobil wants to work with fewer, large and medium-sized vendors at lower rates," the Web site quoted the person, who spoke on condition of anonymity, as saying.