|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||2,820.70 - 2,870.00|
|52-week range||2,622.70 - 3,254.80|
|PE ratio (TTM)||21.71|
|Forward dividend & yield||28.00 (0.98%)|
|1y target est||N/A|
Mumbai, Jan 16 (IANS) Indian IT major Tata Consultancy Services (TCS) on Tuesday said it had won a $690 million (Rs 4,416 crore) new deal from M&G Prudential, the savings and investment arm of the London-based Prudential Plc. "The 10-year deal envisages digital transformation of M&G business for enhanced service to its British savings and retirement customers with 4 million policies," the software major said in a statement here. As part of the deal, the administration of four million life and pensions contracts will move from M&G to TCS, a market leader in British life and pension management with 17 million policies on its digital platform, TCS BaNCS.
New Delhi, Jan 12 (IANS) In its biggest deal to date, Tata Consultancy Services Ltd (TCS) on Friday signed a multi-year agreement worth more than $2 billion with the US-based insurance company Transamerica to digitally transform its life and annuities business. The partnership enables Transamerica -- a leading provider of life insurance, retirement and investment solutions -- to 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 better customer experiences. "The multi-year agreement is worth more than $2 billion in revenues, the largest contract signed by TCS to date," the company said in a statement.
MUMBAI/BENGALURU (Reuters) - Tata Consultancy Services (TCS) Ltd, India's top IT services firm, said its insurance services business would soon post faster growth thanks to higher client spending but remained cautious on a turnaround in its key banking segment. Western banking, financial services and insurance sector (BFSI) clients make up TCS' biggest revenue stream but their low spending on technology has led to sluggish growth in the segment. BFSI revenue dipped 0.4 percent as the company reported a 3.6 percent fall in net profit to 65.31 billion rupees ($1.03 billion) in the quarter to Dec. 31.
India's top IT services firm Tata Consultancy Services Ltd said it expected an uptick in the retail business segment in the coming quarters but remained cautious about the banking and financial services ...