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 details of this offshoring work are being worked out, MD B Muthuraman ruled out any reduction in Corus’ workforce. “Apart from steel, there are a lot of other strengths Corus has, that can be tapped by Tata Steel, in consultancy and other areas. We’ll try to increase these synergies. I see much benefit flowing to TCS also,” he said.

Read More @ Economic Times