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TCS AVIVA DEAL
TCS signs $245 million 15-year deal to transform Ireland’s pension systemThis initiative will digitally enroll nearly 800,000 Irish workers. TCS will leverage its TCS BaNCS platform and global delivery center in ...- IT companies log strong revenue growth outside key North America marketTop IT services firms experience revenue growth in Europe, MEA, and APAC, outpacing North America. US clients are cautious about spending d...
- Drop in renewal deals poses revenue challenge for top IT firmsDeal momentum slowed in 2023-24 despite record deals as clients favor new over old deals. Vendor consolidation and slower decision-making e...
- TCS raises recovery hopes driven by strong deal momentumBuoyed by a mega 15-year deal with the UK-based insurer Aviva, which is pegged at around $ 2.5 billion according to media reports, the coun...
- TCS Q4 show trumps D-Street expectations: 5 takeaways from the earningsTCS Q4 Results: The company's order book for FY24 was at an all-time high of $42.7 billion and record $13.2 billion in the March quarter, l...
- TCS Q4 Results: Profit rises 9% YoY to Rs 12,434 crore, beats estimatesTCS Q4 Results: Revenue from operations increased by a marginal 3.5% year-on-year (YoY) to Rs 61,237 crore. On a sequential basis, profit a...
- TCS signs multi-million cloud transformation deal with Denmark’s NuudayTCS, the IT services arm of the Tata group, will host and manage all IT domain services of Nuuday during the transformation. This cloud tra...
- Hot Stocks: Brokerage view on Paytm, Havells, Sanofi and TCSIIFL downgraded Sanofi India to Reduce from ADD earlier with a target price of Rs 8,125. The stock continues to underperform domestic marke...
- TCS wins 15-year deal with UK insurer AvivaTCS has won the deal expanding its existing engagement with UK-based insurance provider Aviva. As part of the deal, the end-to-end policy a...
- As clients fish for deals, IT-BPM companies are between margins & a hard placeGo all out to win deals to maintain growth or shun projects to defend margins, that is the question.
- TCS’ deal with Friends Life may be at risk with Aviva buyoutTCS' deal with Friends Life, worth more than $2 bn, may be in jeopardy after the UK insurer agreed to a potential 5.6 bn pound buyout by Av...
- TCS Q2 net up 14.7% at Rs 2,439 crore; marginally below estimatesGross addition in TCS was 20,349 employees and overall attriton was down to 13.7%; IT services attrition was at 12.5%.
- WNS bags back-office deal from MashreqIn one of the first offshoring deals from a West Asian bank, India's third-largest BPO has secured a back-office contract from Mashreq.
- Patni, MphasiS in race for AIG unitPatni Computer and MphasiS are among the potential suitors looking to acquire the Indian software unit of troubled insurance giant AIG, sai...
- AIG's Indian software unit on blockPatni Computer and MphasiS are among the potential bidders for the Indian software unit of the troubled insurance giant AIG, said a banking...
- Indian BPOs cut frills, set cost benchmarksTop software firm Tata Consultancy Services saved Rs 250-300 crore by reducing wasteful expenses in the previous financial year. Top Indian...
- IBM, Infy in tug-of-war for Fidelity's IT captive unitInfosys and IBM are locked in a battle to acquire the Indian IT captive unit of the world’s largest MF company, Fidelity Investments. IT co...
- Fidelity to sell local tech services armGlobal financial services behemoth Fidelity Investments has put its 2,000-member captive technology solutions unit on the block, two people...
- UK's Serco buys InfoVision for $75 mnThe company has bought a 60% stake and will acquire the rest over the next couple of years.
- Action Hour: BPOs take the lead in M&A actionBPO entities have been at the forefront of large mergers and acquisitions (M&A) in the Indian IT space as compared to IT services firms.
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