For updates visit


Indian Stock Market


TCS close to bagging $ 1.5 Bn contract

Saturday, August 18, 2007

India’s leading IT services provider, Tata Consultancy Services (TCS), is closer to getting an approximately $ 1.5 billion (around Rs 6,000 crore) outsourcing contract with the UK-based Prudential Insurance. If successful, this will the IT major’s second biggest win in the insurance space. TCS had earlier bagged a $ 800 million deal from the UK-based Pearl Group, considered the single biggest in the Indian financial outsourcing segment.

The deal structure is expected to be similar to the Infosys recent announcement of acquiring three global offshore centres from Philips along with getting an outsourcing deal.

Prudential Insurance is one of the leading life and pensions provider in the UK and services over seven million customers. The company also owns a subsidiary in the US, Jackson National Life, and has over three million policies and contracts in force. The company has offshore centres in UK, Ireland, Scotland and India.

Posted by FR at 5:09 PM  

Catagories

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

IMPORTANT DISCLAIMER

Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.