4 November, 2009
UPDATE 1-Target says not in talks to sell India center
(Adds details, CEO quotes from statement)
BANGALORE, Nov 4 (Reuters) - U.S. discount retailer Target Corp (TGT.N) on Wednesday denied a media report that said it was in talks to sell its captive technology centre in Bangalore.
The Economic Times had reported earlier that leading Indian outsourcers including Tata Consultancy (TCS.BO) and Wipro (WIPR.BO) were looking at acquiring the unit. [ID:nBOM472740]
"Recent rumors about a sale are ridiculous speculation," Target Chief Executive Gregg Steinhafel said in a statement emailed to Reuters.
Steinhafel said the Bangalore center, which has 2,100 employees, plays an important role in the company's long-term strategy. (Reporting by Ajay Kamalakaran in Bangalore; Editing by Lincoln Feast)
Source: http://www.reuters.com
UPDATE 1-Target says not in talks to sell India center Added: (04.11.2009)
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