Posts Tagged ‘TCS’

TCS to be fined 2 Lakh per day for passport project delay

Tata Consultancy Services, has been reportedly asked by the government to pay penalty for missing the second deadline in implementing Passport Seva Project. TCS was to set up seven pilot Passport Seva Kendras (PSK) in Chandigarh and Bangalore by October 1. According to a report, the government has sent a notice to the company asking [...]

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TCS planning to distribute 150% of Variable Pay to all of its employees and adding 8000 more resources. Ahoa.

TCS gives Diwali gifts to all of its employees. For first time in its history, TCS planning to distribute 150% of Variable Pay to all employees for last quarter in October salary slip.  This way employees will be getting 50% more variable pay than what was agreed with them. Apart from this, TCS is planning [...]

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HCL Info corners $114 mn Rajasthan govt deal for power distribution. TCS bags the similar project from MP and West Bengal govt.

IT hardware firm HCL Infosystems has been awarded a Rs 529 crore ($114 million) IT project for Rajasthan’s power distribution utilities, a top official of the utilities said. The project involves applying technology to identify power losses across all cities and villages of Rajasthan and has to be completed in 18 months, he said. A [...]

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Hiring plan of Infosys, TCS and Wipro. TCS says Yes to hiring but Infosys says "no, we are already full".

TCS said the company plans to add 1,000 jobs in the United States in the next year to boost its presence in a market TCS sees recovering ahead of other regions like Europe. The company currently has around 13,000 workers in the US. To meet the recovery in demand and tap future business growth in [...]

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Signs of IT business revival. Wipro, TCS, CTS started promotions and salary increment.

In the first visible signs of a turnaround in the Indian IT sector, Wipro, has lifted the freeze on promotions and hikes. TCS and CTS also announces promotions. Apart from this, Cognizant sent a mail to all its employees a couple of months back, stating that it has kicked off an appraisal process to promote [...]

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TCS given new post to S Ramadorai. Appoints him as vice-chairman of TCS.

Tata Consultancy Services (TCS), has announced that the Board of Directors has appointed the company’s  present Chief Executive Officer and Managing Director S Ramadorai on the Board of Directors as an additional director and designated him as the Vice-Chairman of the company in a non-executive capacity with effect from October 6, 2009. Ramadorai is retiring [...]

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TCS plans to hire 25000 people this year.

TCS has said that it would hire 25,000 people this year, a move that is likely to give a fillip to the country’s IT recruitment scene, which is seeing a slowdown since the collapse of Lehman Brothers last September. It is still not sure if TCS will be hiring fresh 25000 for this year or [...]

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UBS plans to sell its India based KPO/BPO units. Infosys or Wipro may bag.

Switzerland-based bank UBS is believed to have put its business process outsourcing (BPO) and knowledge process outsourcing (KPO) units up for sale. The bank, which has centres in Poland and Hyderabad, is in talks with Indian IT companies such as Infosys and Wipro, said a person familiar with the possible transaction. The UBS India Service [...]

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UK-based Lloyds Bank outsources its IT department to TCS, Wipro. Will layoffs 350 IT experts from IT Depts.

UK-based Lloyds Bank has initiated the process of replacing most its British IT workers with Indian nationals. Many of the Indian recruits will be from top-rung Indian IT majors like Wipro and TCS, who are also the bank’s vendors, said two industry officials familiar with the development. The bank, which has over 400 employees in [...]

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Good news pouring in from Indian IT Services Providers. Infosys, TCS, Satyam, Tech Mahindra disclosing few nice surprises.

Last week Satyam (Part of Tech Mahindra now), Infosys and TCS disclosed few nice surprises.  It seems that Indian IT Service sectors has left the past and looking ahead for future. In relief to the Satyam employees, about 400 people who were asked to sit on the virtual bench have been called back into the [...]

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