The acquisition of Corus is likely to benefit other Tata group companies as well. Tata Steel, which has bought the Anglo-Dutch steelmaker for $12.2 billion, is planning to offshore some of Corus’ functions such as IT and equipment manufacture, to India in a move that could boost TCS, Asia’s largest software services firm.
While the finer [...]
The Tatas beat Brazil’s CSN to acquire Anglo-Dutch steelmaker Corus Group Plc at slightly more than $11 billion.
With a bid of 608 pence a share, Indian corporate giant Tata Steel outsmarted CSN’s 603 pence a share offer during the night-long auction process.
CSN officials confirmed pulling out of the race to [...]
In what is the largest Indian acquisition abroad so far, Tata Sons and Tata Tea have signed a definitive agreement to acquire a 30% stake in US-based enhanced water maker Glaceau, with an investment of $677 million.
The stake is being bought in Energy Brands Inc, which owns Glaceau, from US-based leading private equity firm [...]
Tata group has become the only Indian entity to feature among the top 20 companies worldwide in the 9th annual Global Most Admired Knowledge Enterprises (MAKE) study.
The Tata Group has been recognised in the 2006 Global MAKE study — international benchmark for best practice knowledge organisations – for developing knowledge workers through senior management leadership, [...]
In what can be termed as the growing prowess of the Indian IT sector, Tata Consultancy Services Chief Executive Officer and Managing Director S Ramadorai has been named as the sixth most influential person in the global enterprise IT sector.
Ramadorai was ranked a notch below Oracle’s Larry Ellison, but was positioned above IT biggies [...]
Tata Consultancy Services reported its consolidated financial results according to Indian GAAP for the quarter ended June 30, 2006.
Highlights for Quarter Ended June 30, 2006
Total Income at Rs 4227 crore ($ 918 million) up by 13.96% Q-on-Q
Net Profit at Rs 883 crore ($ 192 million) up by 6.07% Q-on-Q
EPS up from [...]
Tata Consultancy Services Ltd. retained its position as India’s leading exporter of software and related services in rankings announced by the main industry association.
The country’s software and services exports, excluding back-office outsourcing revenue, rose to $17.3 billion in 2005/06 from $13.1 billion in the previous year.
Following are the rankings of the top 20 [...]
Over the last five years, heavyweights in the Indian IT industry have spoken of big ticket acquisitions. But besides a few small and medium deals, nothing of consequence has come through so far.
The wait may, however, be over. Sources close to Tata Consultancy Services (TCS) told TOI that it was looking to buy a [...]
- A card that can be used to make international calls from more than 25 countries.
- A card that has 100% talk time at great tariffs.
Videsh Sanchar Nigam Limited, India’s premier Telecom and Internet Service Provider, today announced the launch of Tata Indicom “Global Calling Card” - a voice product catering to the communication [...]
Tata Consultancy Services, the leading global IT services and consultancy organization, announced that it had signed an Memorandum of Understanding with the Maharashtra government to acquire 50 acres of land to develop a state-of-the-art development facility in Hinjewadi Phase III, which is part of an MIDC-promoted Special Economic Zone.
TCS will invest up to INR [...]