| TATA Consultancy Services ( TCS ) Related news |
TCS bags $690 million contract from M&G Prudential
Posted on 17th January 2018 |
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India’s largest IT services exporter Tata Consultancy Services (TCS) continued with its spree of signing large deals with the latest being a $690-million contract spread over 10 years with UK-headquartered M&G Prudential. M&G Prudential is the savings and investments business of Prudential and now, TCS will administer the former’s 4 million life and pension contracts by moving it onto a digital platform. Earlier, this contract was managed by Capita, an IT outsourcer based in the UK. |
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TCS edge for retail major
Posted on 18th January 2018 |
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Mumbai: Tata Consultany Services (TCS) on Monday said it had bagged a five-year deal from Marks & Spencer to help the British retail giant to become a "digital first" business. The development comes just two days after the country's largest IT services firm won its largest contract - a $2-billion deal from US insurance group Transamerica. |
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Multi-year contract: TCS wins $2-billion US insurer order
Posted on 13th January 2018 |
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The country’s largest IT services exporter, Tata Consultancy Services (TCS) continued its momentum of bagging multi-billion dollar deals with a multi-year contract from Transamerica worth over $2 billion, the company announced on Friday. Just last month, TCS had entered into a $2.25-billion IT outsourcing contract with Nielsen, a global TV rating measurement company. TCS said it will digitise the life insurance and annuities business of Transamerica, which is a leading provider of life insurance, retirement and investment solutions in the US. |
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TCS bags $2 bn deal to transform Transamerica's insurance & annuities admin
Posted on 12th December 2017 |
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Tata Consultancy Services (TCS) on Thursday announced that it has entered into an agreement with Transamerica, a leading provider of life insurance, retirement and investment solutions, to enable the transformation of administration of its U. S. insurance and annuity business lines. The partnership enables Transamerica to rapidly enhance its digital capabilities, simplify the service of more than 10 million policies into a single integrated modern platform, and drive greater sustainable growth opportunities through superior customer experiences. |
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TCS share price slips in red after briefly hitting 52-week high ahead of Q3 results
Posted on 11th January 2018 |
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Shares of India’s largest IT company Tata Consultancy Services were trading in the negative territory on Thursday ahead of the third quarter earnings of the IT bellwether which will be out in a couple of hours. The stock of Tata Consultancy Services was trading down by 0.6% on both BSE and NSE on Thursday. At the time of writing, the share price of TCS was down 0.62% at Rs 2,789.8 on BSE while the stock was trading 0.56% lower at Rs 2,790.9 on NSE. In the morning trades, TCS shares along with 3 other major IT firms hit a 52-week high. |
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TCS, Infosys, Wipro, Tech Mahindra among 13 IT stocks that hit 52-week high
Posted on 10th January 2018 |
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Tata Consultancy Services (TCS), Infosys, Wipro and Tech Mahindra were among 13 stocks from the information technology (IT) sector that hit their respective 52-week highs on Wednesday in an otherwise subdued market on expectation of improvement in outlook. KPIT Technologies, NIIT Technologies, Persistent Systems, Tata Elxsi, Vakrangee, Mastek, Infinite Computer Solutions (India), Hinduja Global Solutions and BLS International were other IT stocks from the S&P BSE500 and S&P BSE Smallcap index that touched their respective 52-week highs in intra-day trade today. |
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TCS confident of its defence in anti-American bias case
Posted on 29th December 2017 |
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In response to news reports that Tata Consultancy Services (TCS) will have to defend itself in the US in an anti-American bias case, the company said there are no discriminatory practices in any part of the company, and it is confident of defending its position at the trial. “In vindication of our position that TCS is an equal opportunity employer, the District Court in California has denied class certification on a litigation against the company alleging a pattern and practice of discrimination in hiring against people of non-South Asian origin. |
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TCS faces US trial in anti-American bias case
Posted on 28th December 2017 |
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India’s Tata Consultancy Services Ltd. will have to defend itself at a U.S. trial over claims that it’s biased against American workers. A federal judge in Oakland, California, on Wednesday rejected a request from the information technology outsourcing giant to dismiss a 2015 lawsuit accusing it of violating anti-discrimination laws by favoring South Asians. In a further setback for the company, the judge also expanded the case into a class action on behalf of American workers who lost their jobs at TCS offices in the U.S. because they hadn’t been assigned to any of its clients. A TCS representative declined to comment on the ruling. |
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Nielsen renews $2.25 billion TCS contract
Posted on 23rd December 2017 |
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Tata Consultancy Services (TCS) has bagged a $2.25-billion deal from television ratings company Nielsen — the largest ever outsourcing deals for the Indian IT sector. The deal marks the renewal of TCS’ engagement with Nielsen, which was first awarded $1.2 billion, a 10-year contract to the Mumbai-based company in 2008. In 2013, the deal size was expanded to $2.5 billion. |
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TCS wins record $2.25 billion Nielsen outsourcing contract
Posted on 22nd December 2017 |
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In what is the biggest-ever outsourcing deal for an Indian IT company so far, Tata Consultancy Services (TCS) has bagged a mega $2.25-billion contract by Nielsen, a television rating management firm. The new deal assures $320 million worth of business annually for the Mumbai IT giant., from 2017 to 2020. Prospective annual revenue from 2021 till 2024 is being seen at $186 million, and at $139.5 million in 2025. |
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