Page 16 - Tata Consultancy Services
TCS banking on universal banking platform to clinch large finance deals
TCS has announced several deals this year, led by BaNCS, in Europe, the Asia-Pacific and West Asia
 "TCS banking on universal banking platform to clinch large finance deals")
TCS expands its long-term UK BFSI platform deal with Phoenix Group
The firm will also expand its presence in Scotland following this deal with an operations service hub in Edinburgh
 "TCS expands its long-term UK BFSI platform deal with Phoenix Group")
Govt to consider TCS, Infosys offers to set up infotech SEZs on Nov 15
Infosys has sought formal approval for setting up a sector specific SEZ for IT/ITeS at Kancheepuram district in Tamil Nadu
 "Govt to consider TCS, Infosys offers to set up infotech SEZs on Nov 15")
Slowdown blues: Demand worries likely to dim IT firms' growth outlook
Besides slow growth in BFSI and retail verticals, deal conversion is taking time and may impact revenues and stock valuations
 "Slowdown blues: Demand worries likely to dim IT firms' growth outlook")
TCS, Wipro among others in fray to manage Irdai's biz analytics project
Four IT companies, including Tata Consultancy Services and Wipro, are in the fray to manage and operate the Business Analytics Project (BAP) of insurance sector regulator Irdai. Irdai said TCS, Larsen and Toubro InfoTech, Wipro and EIT Service India Private Ltd (a DXC Technology company) have been shortlisted for the next round of bidding. The four companies had submitted their initial bids in response to an 'expression of interest' floated by the Insurance Regulatory and Development Authority of India (Irdai) in August. L&T InfoTech has been providing BAP services on a BOT (Build, Operate and Transfer) model to Irdai since 2011. The contract is expiring this month. Irdai said BAP was implemented for automation of registration and other connected activities for insurers, brokers, surveyors and third party administrators, as well as automation of product approvals, branch office opening and advertisements, among others. In addition to providing the BAP services, the selected ...
 "TCS, Wipro among others in fray to manage Irdai's biz analytics project")
AGR verdict: Defunct telecom biz drains two-thirds of Tata Sons dividends
Parent firm to pay fresh Rs 9,987-cr liability of Tata Teleservices
 "AGR verdict: Defunct telecom biz drains two-thirds of Tata Sons dividends")
Nine of top-10 firms add Rs 1.47 trillion in m-cap; Infosys the only loser
Reliance Industries on Friday added another feather to its cap by becoming the first Indian firm to hit the Rs 9 trillion market valuation mark in intra-day trade
 "Nine of top-10 firms add Rs 1.47 trillion in m-cap; Infosys the only loser")
TCS looks for a bigger platform play in US market after success in Europe
TCS continues to remain bullish on the opportunities in the public sector space in India
Vodafone ldea extends partnership with IT major TCS for 5 years
TCS has been VIL's technology partner in this journey, managing all of its customer-facing applications
 "Vodafone ldea extends partnership with IT major TCS for 5 years")
TCS employees can sit for exams to be eligible for higher package
Starting FY20, the same opportunity has been extended to employees who joined the system up to three years ago
 "TCS employees can sit for exams to be eligible for higher package")
Tata Sons plans to reduce debt, step up investments with TCS dividend
Tata Sons is planning to invest Rs 580 crore more in Tata Realty and Infrastructure by March 2020
 "Tata Sons plans to reduce debt, step up investments with TCS dividend")
Our assessment earlier was more optimistic, now we are paring it: TCS CEO
External factors and client-specific issues are not very different, says the TCS CEO and MD
 "Our assessment earlier was more optimistic, now we are paring it: TCS CEO")
TCS may report higher Q2 margin on Thursday; weak rupee to help firm
But could report patchy performance in BFSI today
 "TCS may report higher Q2 margin on Thursday; weak rupee to help firm")
TCS Q2FY20 results on Thursday: Will the IT major deliver a surprise?
At the bourses, TCS has underperformed the market by slipping nearly 6 per cent as against 2.67 per cent decline in the Nifty50 index
Enjoying tax holidays, IT firms won't gain much from the rate cut
The effective tax rate for TCS in FY19 stood at 24.1 per cent, while for HCL Technologies, it was 19.8 per cent
 "Enjoying tax holidays, IT firms won't gain much from the rate cut")
Top 10 biz headlines: FDI reforms, Synergy Group eyes 49% Jet stake & more
From the govt easing FDI norms for single-brand retail, digital media, and manufacturing to Synergy Group planning to pick up 49% stake in Jet Airways, here are the top business headlines for Thursday
 "Top 10 biz headlines: FDI reforms, Synergy Group eyes 49% Jet stake & more")
HCL Tech, TCS in fray to clinch $100-mn IT outsourcing deal from Fonterra
Fonterra is New Zealand's largest firm with an annual revenue of more than NZ 20 billion
 "HCL Tech, TCS in fray to clinch $100-mn IT outsourcing deal from Fonterra")
We're working on efficiency measures to boost margins, says TCS COO
We are working with top airlines globally, he said
 "We're working on efficiency measures to boost margins, says TCS COO")
Now, IT major TCS to hire for campus placements round the year
The campus placements process usually starts in July-August but is likely to start earlier this year
TCS hires 30,000 graduates, highest in 5 years; women workforce at 36%
The company had trained over 315,000 employees in digital technologies and 361,000 employees in Agile methods
 "TCS hires 30,000 graduates, highest in 5 years; women workforce at 36%")
