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TCS Secures Record $2.25 Billion Deal From Nielsen

23Dec By PriyankaNo Comments

INDIA

TCS Secures Record $2.25 Billion Deal From Nielsen

Those who are saying that the days of Indian IT industries are over are now yet to rethink because one of India's leading IT exporter Tata Consultancy Services (TCS) has bagged a record USD 2.25-billion outsourcing contract from Nielsen, a television rating measurement firm. The partnership, signed in October this year, is a renewal of TCS existing collaboration with Nielsen. The two companies had struck a 10-year deal in 2008 for USD 1.2 billion, which was expanded to USD 2.5 billion in 2013. Under the new deal, the terms of the agreement have been extended for an additional five years so as to expire on December 31, 2025, with three one-year renewal options granted to Nielsen, the TV rating company said in a regulatory filing to the US SEC. "Nielsen has committed to purchase servic...

TCS Ranked Top Recruiter in US For IT Sector, Hired 12500 People

24Jun By kriti singhNo Comments

News

TCS Ranked Top Recruiter in US For IT Sector, Hired 12500 People

Tata Consultancy Services (TCS) was ranked among the top two job creators in the US for the IT services sector over the past five years, according to a study. The countrys largest software exporter has recruited more than 12,500 US employees from 2012-2016, while it ranked first in terms of US employee growth during that period, at 57 per cent, said the study by The Cambridge Group. The company has had a presence in the US for more than four decades, and the ranking in The Cambridge Group report reflects the IT giants ongoing level of investment in the worlds largest economy, the study explained. The Mumbai-headquartered exporter has invested nearly USD 3 billion in the US over the past three years, in terms of employment, new innovation labs, extensive nationwide STEM education p...

Sad over recent IT layoffs: Narayana Murthy

26May By AdityaNo Comments

Entrepreneurs Talk

Sad over recent IT layoffs: Narayana Murthy

Founder Chairman of Infosys N R Narayana Murthy today expressed sadness over the IT companies laying off their employees as part of their cost cutting strategy. "...It is sad...," Murthy told in an email reply to a Pixr8 query about recent IT layoffs. Murthy, however, did not elaborate on the matter. Infosys had announced that it could hand out pink slips to hundreds of mid and senior-level employees as it carries out bi-annual performance review amid a challenging business environment. The development comes at a time when its peers Wipro and Cognizant are taking similar measures to control costs. The US-based Cognizant had rolled out a voluntary separation programme for directors, associate VPs and senior VPs, offering them 6-9 months of salary. Wipro, too, is learnt to hav...

6May By AnkitaNo Comments

USA

TCS Open Drones Research Lab in US

Countrys largest IT exporter TCS today said it has opened a special facility in Ohio, US to conduct research on drone usage across industries. "Forward-thinking companies worldwide are at different stages of exploring drone technology to reimagine existing operational processes and transform the way they do business," its chief technology officer K Ananth Krishnan said. The TCS Drones Research Lab at Cincinnatis Seven Hills Park Innovation Center includes indoor labs, showcase, warehouse, and outdoor terrain footprints, a company statement said. The lab provides experimentation and co-innovation environment for customers to build solutions for specific industry problems in accelerated 30-60-90-day delivery cycles, it added. It can be noted that the unmanned aerial vehicles are ...

TCS partners social organisation for online teaching community

21Apr By Press Trust of IndiaNo Comments

BUSINESS

TCS partners social organisation for online teaching community

IT firm Tata Consultancy Services (TCS) today said it has partnered Jnana Prabodhini, a social organisation, to build the world's largest online community of teaching professionals. As part of the association, TCS iON (a unit of TCS) will work with Jnana Prabodhini to offer a platform to teachers for contributing and collaborating with peers and experts, a statement said. The community will also provide a range of certification courses and training programmes to help participants to enhance their skills and work towards academic and professional success.

As its Boss Moves to Tata HQ, Investors Fret Over TCS Future

16Jan By reutersNo Comments

News

As its Boss Moves to Tata HQ, Investors Fret Over TCS Future

Moving the head of Tata Consultancy Services to the top job at Tata Sons' holding company fills a critical hole for the salt-to-software conglomerate, but it leaves another at its most valuable company ahead of a complex and unpredictable 2017. The promotion of Tata veteran Natarajan Chandrasekaran - the well-regarded, high-performing boss of TCS under whom shares have quadrupled - should be no surprise. But the departure of Chandrasekaran, known as Chandra, from the Tata group's most profitable arm still rattled investors. They sent TCS shares down more than 4 percent on Friday, a day after it also posted better-than-expected quarterly results. "The IT industry is facing headwinds, and shareholders would have preferred Chandra to stay as CEO for some more time," said Souvik Guha, an...

Tata-Mistry Spat Unlikely to Hit TCS Operations: Analysts

13Nov By Press Trust of IndiaNo Comments

News

Tata-Mistry Spat Unlikely to Hit TCS Operations: Analysts

The bitter boardroom battle at Tata Sons is unlikely to impact operations of the USD 100-billion conglomerate's crown jewel TCS, but if its chief N Chandrasekaran is elevated to the top at the group level, it could be a blip on the firm's business, say analysts. "Customers care about delivery and long-term stability, not so much about boorish boardroom behaviours... If Chandrasekaran does assume leadership at the group level, it could well prove to be a short-term loss for TCS," Sanchit Vir Gogia, Chief Analyst & CEO, Greyhound Research said. Under Chandrasekaran's leadership, Tata Consultancy Services has stood its ground amidst formidable competition from the likes of Infosys, Tech Mahindra, IBM, Accenture, Wipro, HCL among others, he added. Last week, Tata Sons - the majority...

TCS is Leader in Software Testing Services: Report

9Sep By AnkitaNo Comments

ANALYSIS

TCS is Leader in Software Testing Services: Report

Indias IT major Tata Consultancy Services (TCS) has been recognised as a leader among 24 companies in all categories of software testing services, according to a research-based report. The NelsonHall Vendor Evaluation and Assessment (NEAT) report 2016, analysed and indicated the overall performance of leading global vendors offering software testing services. NelsonHall evaluated 24 companies for NEAT based on various parameters. TCS was recognised as a leader in all the categories, namely Overall, Efficiency, Consulting, Transformation and Digital Focus. In the NEAT profile, TCS was acknowledged for its strong progress in go-to-market strategy, comprehensive testing service portfolio and a solid positioning in digital and mobile testing. TCS leadership in platform-based ser...

Microsoft Accelerator In a Joint Initiative With Tata Launched Startups Accelerator Center

27Jun By AdityaNo Comments

BUSINESS

Microsoft Accelerator In a Joint Initiative With Tata Launched Startups Accelerator Center

Microsoft Accelerator in India and TCS Co-Innovation Network have announced a joint initiative to create a platform that provides a boost to the Indian startup ecosystem. Under the collaboration, an open innovation framework will be created to mentor and engage with startups to bring their innovative solutions to market. The announcement was made at Think Next Summer 2016, Microsoft Accelerator’s flagship forum, which brings together thought leaders in technology who are driving transformation via innovation. “The progress India has made in IT and entrepreneurship over the past four decades, has radically changed the landscape offering new entrepreneurs unmatched opportunities. As one of the contributors to the startup ecosystem in India, we felt it was a story worth telling. It has tak...

Abidali Neemuchwala Wipro Draws $1.8 Mn Pay Package in FY16

28May By AnkitaNo Comments

News

Abidali Neemuchwala Wipro Draws $1.8 Mn Pay Package in FY16

In his first year at Wipro, former TCS veteran got an annual pay package of USD 1.8 million (about Rs 12.04 crore). This is higher than what his predecessor and former CEO T K Kurien earned at Bengaluru-based IT major. However, his peers at rivals Infosys and Tata Consultancy Services (TCS) have fatter pay packages. According to a regulatory filing, Neemuchwala received USD 859,079 in salary and allowances, USD 351,213 in commission/variable pay, USD 575,122 as other payouts and USD 21,216 as long-term compensation during the financial year ended March 31. Infosys Vishal Sikkas package for the year stood at Rs 48.73 crore package, while that of TCS chief N Chandrasekaran was Rs 25.6 crore (USD 3.8 million) in addition to a special bonus of USD 1.49 million. Sikka, who is credited wi...

18May By AnkitaNo Comments

News

Major American Newspaper Media Outsource Its IT Services To India

A major American media company which owns prestigious dailies like Los Angeles Times and Chicago Tribune will outsource a part of its IT component to Indian software giant TCS, according to a media report. Chicago-based Tribune Publishing Company said it has informed its IT employees last month that it is moving work to India-based IT company Tata Consultancy Services (TCS), a news report in Computer World said yesterday. However, it did not say the number of employees would be hit by such a move. "IT employees at Tribune Publishing say they received warning of the outsourcing late last year. In April, they were told that over an 18-month period, Tribune would be moving to information technology outsourcing across its business, according to employees contacted," the report said. ...