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India’s largest software vendor Tata Consultancy Services (TCS) has signed a five-year contract with Malaysia Airlines, the companies said.The partnership is the part of MAS strategic IT outsourcing program to transform the airlines operations, as part of MAS business transformation pan (BTP2) to deliver seamless internal customer experience.
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Wipro Infotech, the India and West Asian IT business of the USD 5 billion Wipro Ltd, has won a turnkey project from the Financial Intelligence Unit, India (FIU-IND) of the Union Ministry of Finance. A Wipro Infotech statement says that the company will implement the FINnet (Financial Intelligence Network) project for FIU-IND. With this project, the government intends to use technology for bringing efficiency into analysis of data. The project’s scope of services include development of a portal, datawarehousing, deduplication, analytical application and ERP implementation at the data centre, besides a disaster recovery site.
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Mahindra Satyam, earlier known as Satyam Computer Services, has signed a new four-year contract worth about USD 48 million with Danish IT firm KMD. KMD, which specialises in the public sector, signed a renewed contract with Mahindra Satyam for the next four years ending December 2013. The new contract is an extension of a previous deal from KMD that was due to expire this year, the company said.
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Tata Consultancy Services TCS, has announced having signed a 5 year global contract with global telecommunications company Ericsson to deliver application maintenance and development services for Ericssons internal IT operations.TCS has been selected as one of the two strategic partners that will its services to Ericsson.
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The Indian video games industry is poised to grow 49 per cent to touch USD 830 million by 2012, when the countrys overall animation market will scale USD1 billion, says a report of software industry body Nasscom. According to the 2008-09 report of the IT-BPO industry body, the Indian animation industry was worth USD494 million in 2008. Globally, it will grow to a size of USD 100 billion at an annual growth rate of 10 per cent by 2012.
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Wipro Infotech, the India and Middle East IT Business of Wipro Ltd , has won a turnkey project from the Financial Intelligence Unit - India, Ministry of Finance.As part of the project, Wipro will implement FINnet (Financial Intelligence Network) for the Financial Intelligence Unit.The scope of services includes development of portal, data warehousing, de-duplication, analytical application and ERP implementation at the data centre and disaster recovery site.
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Wipro Technologies, the global IT services business of Wipro Limited has announced that it has entered into a seven year strategic agreement with The Main Street America Group, a leading provider of commercial, personal and surety insurance products exclusively, sold through independent agents to individuals, families and small businesses in 24 US states. Main Street will engage with Wipro for applications development, maintenance and quality assurance using Wipro's CMMi Level 5 quality services.
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Tata Consultancy Services TCS, has announced having signed a 5 year global contract with global telecommunications company Ericsson to deliver application maintenance and development services for Ericssons internal IT operations.TCS has been selected as one of the two strategic partners that will its services to Ericsson.
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India-based systems integrator Tata Consultancy Services has won what is likely to be a £600m contract for the Personal Accounts Delivery Authority (Pada) National Employment Savings Trust bid (NEST).The 10-year contract, which will see TCS deliver the IT system for the UK’s national pensions scheme, will be signed later this month. NEST is the UK government’s low-cost pension scheme previously known as personal accounts. The scheme is due to come into effect in 2012.
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HCL Axon has won a five year global IT contract with international pharmaceuticals giant GlaxoSmithKline (GSK).The agreement, called the Global Strategic Information Technology Master Services Agreement, details that HCL AXON and HCL Technologies will provide systems integration, SAP implementation and IT consulting services to GSK globally.Under the agreement, HCL will first act as GSKs systems integration partner for a large SAP-enabled business transformation programme. The scope of the project is currently in development.
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Indian IT services vendor Wipro has won a ten-year contract from Punjab and Sind Bank (PSB) to provide IT outsourcing services. Under the deal, the company will provide system integration, provisioning and management of Finacle core banking solution and enterprise applications, including the management of the entire underlying IT infrastructure covering computing platforms and networking. It will also undertake the commissioning and management of the data center and the disaster recovery center, and service and support for the bank.
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Queenslands education department has renewed its IT outsourcing contract with Unisys netting the company an additional USD41 million from the states coffers. Under the contract, Unisys will continue to provide IT services to TAFE Queensland and the Australian Agricultural College for the next three years. The contract also includes two optional one-year extensions.
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Wipro Ltd, India's third-ranked IT services exporter, says that it had won a 10-year contract from state-run Punjab and Sind Bank for outsourcing services. Financial details of the deal were not disclosed. However, according to media reports the contract value is said to be upwards of Rs 100 crore.
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India may receive USD1 billion outsourcing contracts this year. Companies from retail, banking, telecom and utilities segments, apart from governmental bodies are seeking India as their outsourcing partners to cope up with their higher service demand and to lower their operational costs. Moreover, auto customers are also looking forward to award large contracts to India for managing their business and IT systems this year. New verticals like media and entertainment and healthcare are also driving growth.
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Dell Services, the recently formed unit combining Dell's services arm and the acquired Perot Systems, is planning to make India the delivery hub for Asia and West Asia. At present, the firm’s Indian operation is focused on the US market. Jim Champy, chairman of consulting practice, Dell Services says that over 14,000 of the 40,000 employees are based in the country. “We want to leverage this unit to be a delivery platform for Asia, where we see greater growth prospects than in the US and Europe because of the slowdown,” he said, adding that the team here will grow significantly in numbers to cater to both US and other new markets.
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Israel’s Ministry of Immigrant Absorption has signed a five-year, 42 million Israeli shekel equavalent USD11.2 million outsourcing contract with Ness Technologies. The contract includes an option of an extension of up to an additional five years. As part of the agreement, Ness Technologies will operate and maintain the ministry’s IT systems 24/7, including applications, infrastructure systems, communications, and workstations. In addition, Ness Technologies will upgrade the ministry’s helpdesk.
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New telecom entrant STel has awarded a five-year IT outsourcing contract to Tech Mahindra. STel, which plans to compete with incumbent phone firms, including Bharti Airtel and Reliance Communications, had shortlisted Tech Mahindra and Wipro for outsourcing system integration-managed services. The contract also includes maintenance of the phone firms business and operational support systems.
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Tata Consultancy Services TCS, has announced having signed a 5 year global contract with global telecommunications company Ericsson to deliver application maintenance and development services for Ericssons internal IT operations.TCS has been selected as one of the two strategic partners that will its services to Ericsson.
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Meggitt have signed an engineering management outsourcing contract with HCL. The contract is worth $50 million and will see HCL providing engineering services for the company’s global operations. The contract was awarded after a multi-vendor review which ran for several months. Terry Twigger, Meggitt’s chief executive commented: “This strategic initiative will help us respond to the current economic environment while successfully positioning us for future growth.”
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Around 20 companies from Dubai are set to take part in IndiaSoft 2010 which will be held in Jaipur, Rajasthan on March 10th to March 12th. Last year, 10 companies from UAE took part and this year we have invited Dubai Silicon Oasis to come and visit us in India, says Kamal Vachani, Regional Director of Electronics and Computer Software Export Promotion Council (ESC) for the Middle East.
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The IT R&D offshoring market in India is expected to record a CAGR of 23 percent to touch USD 21.4 billion by 2012, according to a study done by Zinnov, a consulting firm. Zinnov said there are around 600 MNC captive centres in India.Zinnov CEO Pari Natarajan said, despite this growth in the R&D offshoring market in India there is a dearth of required talent pool.
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Syntel has joined the list of multinationals aspiring to capture a slice of the domestic IT outsourcing market.The company is looking to offer its services in the areas of healthcare, e-governance, telecom and financial services, says Mr Keshav R. Murugesh, President and CEO. In line with this strategy, it is on the look out for similar acquisitions in healthcare and e-governance.
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IT major Tata Consultancy Services (TCS) has established its third worldwide delivery centre in Queretaro in Mexico. The company claims that newly revealed facility, will further flourishes TCSs presence in the country. The company stated that it will hire 500 professionals for its new centre during the latest financial year. According to sources, the customers will get state of the art IT services, consultancy, test factory and business process outsourcing at the new centre.
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The country's software and business process outsourcing exports are expected to rise 5.5 per cent to touch USD50 billion in the current fiscal (2009- 10), says industry body Nasscom. The estimation is in line with an earlier forecast of 4-7 per cent given by Nasscom. The industry was optimistic to reach the USD50 billion milestone export target in the current fiscal. For 2010-11, it hopes that IT and BPO exports should grow at an annual 13 to 15 per cent to touch USD 56-57 billion as the slowdown peters out and the world economy recovers boosting demand for outsourcing. The sector's export growth had been slowing down from 32 per cent five years ago to single digits of late.
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Hewlett-Packard HP expects outsourcing and off shoring IT infrastructure to be an emerging growth engine for the global technology services industry, the company has announced. Outsourcing and offshoring of IT infrastructure is emerging as one of the key growth engines for the global technology services industry and it is estimated that the remote infrastructure management (RIM) market is likely to exceed USD 8.6 billion in India by 2010. Hewlett Packard (HP), the global technology giant, will be scaling up the India operations for its IT infrastructure outsourcing (IO) business leveraging on the scale and labour arbitrage that the country offers, says said Ludger Rohlmann ,VP, ITO .
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