TCS wins multi-million dollar deal from Dutch firm

Tata Consultancy Services has won a multi-million dollar IT infrastructure deal from Dutch technical consultancy firm Royal Haskoning

Software firm Tata Consultancy Services (TCS) said it has won a multi-million dollar IT infrastructure deal from Dutch technical consultancy firm Royal Haskoning.

The scope of the project covers end-to-end IT infrastructure services, which will be provided from TCS' global delivery centres in the Netherlands, Hungary and India, TCS said in a statement.

The services include a multi-lingual service desk, data centre hosting and management, end-user computing services, application support services and transformation solutions, it added. But it did not say anything about the exact amount involved in the deal.

"Royal Haskoning is planning to grow, not only in our existing home countries, but also across emerging markets. We face interesting new challenges and consistent experience of service delivery is essential for us to be successful. TCS' delivery model will give our company the necessary support," Royal Haskoning chief information officer Eric Overvoorde said.

Founded in the Netherlands in 1881, Royal Haskoning operates in 17 countries with 3,900 employees and 57 offices.

The company's deal is with Aspire Zone Foundation based in Qatar. It is a sports institute and Satyam is a very strong player in the sports vertical. It specialises in providing IT infrastructure and IT services to companies in the sports arena.

On Tuesday, TCS ended 0.62% down at Rs1,089.80 on the Bombay Stock Exchange, while the benchmark Sensex declined 1.47% to 18,167.64.

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Tata Motors global wholesales up by 14% in February

Tata Motors Ltd global wholesales, including Jaguar Land Rover, stood at 102,411 in February 2011, a growth of 14% over February 2010

Tata Motors said that its global wholesales, including Jaguar Land Rover, stood at 102,411 in February 2011, a growth of 14% over February 2010. Cumulative sales for the fiscal (April 2010-February 2011) are 970,129 higher by 26% compared to the corresponding period in 2009-10.

Global sales of all commercial vehicles-Tata, Tata Daewoo and the Tata Hispano Carrocera range-were 46,747 in February 2011, a growth of 10%. Cumulative sales for the fiscal are 455,448, a growth of 25%.

Global sales of all passenger vehicles were 55,664 in February 2011, higher by 18%. Cumulative sales for the fiscal are 514,681, a growth of 27%.

Global sales of Tata passenger vehicles and the distribution offtake in India of Fiat cars were 34,011 for the month, higher by 14%. Cumulative sales for the fiscal are 297,209, a growth of 26%.

Global sales of Jaguar Land Rover in February 2011 were 21,653 vehicles, higher by 26%. Jaguar sales for the month were 3,213, lower by 2%, while Land Rover sales were 18,440, higher by 33%. Cumulative sales of Jaguar Land Rover for the fiscal are 217,472, higher by 28%. Cumulative sales of Jaguar are 49,221, higher by 15%, while cumulative sales of Land Rover are 168,251, higher by 32%.

On Tuesday, Tata Motors ended 2.18% down at Rs1,143.45 on the Bombay Stock Exchange, while the benchmark Sensex declined 1.47% to 18,167.64.

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Kotak Mahindra Mutual Fund unveils FMP 24M Series 4

Kotak Mahindra Mutual Fund new issue closes on 25th March

Kotak Mahindra Mutual Fund has launched Kotak FMP 24M Series 4, a close-ended income scheme.

The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.

The new issue closes on 25th March. The minimum investment amount is Rs5,000.

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