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&lt;p&gt;Consulting is, indeed, becoming more of a buyer&#39;s market. Signaling a recognition that consultants are freely shopping around for the best offer, not merely sitting like lame ducks at their present employer, India&#39;s largest outsourcers—Tata Consultancy Services, Infosys and Wipro—have kicked off a wage war, vying for the best talent in the market. Having witnessed much-higher-than-usual attrition rates over the past year, the firms are quickly realizing that they must shell out in order to keep employees in. &lt;p&gt;&lt;p&gt;Last week, Tata and Infosys announced plans to increase salaries by 13% and 17% respectively, while Wipro, which awarded a 9% pay raise last February, has hinted at some financial perks in the works. Even though the wage hikes will eat into the companies&#39; profit margins, the benefits of winning highly sought-after talent will far outweigh the short-term risks. &quot;Although global economy concerns persist, as far as the employment scenario in India is concerned, the cheer has spread and the good times are back,&quot; said A.R. Rajesh, vice president at Indian staffing company TeamLease Services Pvt. Ltd.&lt;p&gt;&lt;p&gt;In other Indian consulting news, the NYSE has extended the deadline for Mahindra Satyam to restate its earnings for the past few years (following last year&#39;s cooked-books debacle). The company will now have until October 15 to file its annual report, and will allow the company to stay listed until that time.&lt;p&gt;

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