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Paramita Bannerjee
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Paramita Bannerjee was born and raised in Kolkata, India. Having graduated from the ICSI, she was all set for a career in corporate governance but got drifted to finance and investments. She ventured into the world of stocks while in her internship with an accounting firm and has been addicted... More
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  • TCS Is Close To Winning Rs 1,100-crore Systems Integration Contract From India Post

    Tata Consultancy Services (NYSE:TCS), one of top most IT firms in India, is close to bagging a Rs 1,100-crore systems integration contract from India Post as part of the latter's drive to modernize its technology infrastructure, it is reliably learnt. India Post has decided to go for Tata's multi-faceted IT wing on the basis of a quality-cum-cost basis, a methodology in which weightage is given to both technical and pricing aspects while evaluating an e-governance bid. The contract's tenure is of 5 year and will make TCS accountable to change the facet of India Post's operations from status 'legacy' to a multi-faceted IT automated and enabled system, which was decided and announced by the Department of Posts (DoP) 3 years ago. Last week, DoP issued a Letter of Intent TCS, who is expected to mutually ink the contract with the former in next 2 weeks, sources close to one of the bidders told media. Apart from modernizing the installed systems, TCS will also be given onus to setup a customer services call center and manage the India Post Web site. To support the entire IT restructuring within DoP, TCS will be supported by Sify, who has been given the responsibility of network integration and Reliance Communications Infrastructure has been roped in as the data center services provider. Once the project is completed, the DoP is expected to become the largest electronic network in the country

    Source - TCS

    Mar 28 3:09 AM | Link | Comment!
  • TCS Receives TheknowList Award In ‘Outstanding Achievement Category'

    IT giant, Tata Consultancy Services Ltd said that it has received TheknowList Award in 'Outstanding Achievement Category' for implementing its Legal Management System at Abreu Advogodas , Portugal in record time of 26 weeks. TCS' LMS integrates all offices in one platform as well as increase productivity and improvise the decision making ability for the law firm. TCS has achieved the quickest turnaround for the successful implementation in the legal industry. Besides, TheKnowList is the most prestigious award in the business strategy and technology in the UK, the filing added.

    Source - TCS

    Mar 28 2:56 AM | Link | Comment!
  • Wipro's Demerger Plan Gets Karnataka HC’s Nod; Stock Down

    Soaps-to-IT services conglomerate Wipro said Karnataka High Court has approved its demerger scheme aimed at hiving-off non-IT businesses into a separated unlisted company and focus exclusively on information technology. In a filing to the Bombay Stock Exchange on March 21, Wipro said, "Hon'ble High Court of Karnataka has approved the Scheme of Arrangement for demerger of 'Diversified Business' of Wipro Limited as provided in the Scheme." Earlier, in December 2012, the Azim Premji promoted company had secured shareholders' nod for the demerger plan that involved creation of a new unlisted company-Wipro Enterprises. The new company will include Wipro Consumer Care & Lighting, Wipro Infrastructure Engineering and medical diagnostic product & services business. At 12:26 hours, shares of the company were trading at Rs 433 a piece, down 0.26 per cent from previous close on BSE

    Source - Wipro

    Mar 23 12:25 AM | Link | Comment!
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