LATEST
WEBSTORY
TRENDING

Meet Ujjwal Nikam, BJP's New Candidate Who Replaced Poonam Mahajan I Lok Sabha Elections 2024

Ujjwal Nikam In BJP: Lawyer Who Fought 26/11 Case, Replaced Poonam Mahajan | Lok Sabha Election 2024

LSG vs RR Highlights: Sanju Samson Shines, Rajasthan Royals Won By 7 Wickets I IPL 2024 Match 44

9 times Bollywood actors sang songs in their own films

9 times Bollywood actors turned singers for their own films

7 best countries to visit in your lifetime

BJP appoints new state presidents in Telangana, Jharkhand, Punjab, Andhra ahead of 2024 Lok Sabha polls

Meet 'mystery girl' whose pictures with Indian cricketer Yuzvendar Chahal is going viral

SCO must not hesitate to criticise countries supporting terrorism: PM Modi

PHOTOS
VIDEOS
ENTERTAINMENT

Remember Heyy Babyy's cute 'Angel' Juanna Sanghvi? 20 year-old looks unrecognisable now, fans say 'her comeback will...'

In pics: Arti Singh stuns in red lehenga as she ties the knot with beau Dipak Chauhan in dreamy wedding

Actors who died due to cosmetic surgeries

Meet Ujjwal Nikam, BJP's New Candidate Who Replaced Poonam Mahajan I Lok Sabha Elections 2024

Ujjwal Nikam In BJP: Lawyer Who Fought 26/11 Case, Replaced Poonam Mahajan | Lok Sabha Election 2024

LSG vs RR Highlights: Sanju Samson Shines, Rajasthan Royals Won By 7 Wickets I IPL 2024 Match 44

Not Paresh Rawal, this superstar was Rajkumar Hirani's first choice to play Sunil Dutt in Sanju, he rejected because...

Remember Heyy Babyy's cute 'Angel' Juanna Sanghvi? 20 year-old looks unrecognisable now, fans say 'her comeback will...'

Kangana Ranaut's biggest flop launched Union Minister's son, was pulled from theatres, ended director's career, earned..

Home Business

Business

TCS wins $100m deal in China

IT major TCS has won a landmark deal worth a whopping $100 million from the state-run Bank of China, industry sources said on Sunday.

DNA Web Team

Updated : Sep 14, 2017, 04:00 PM IST

Anil K Joseph

BEIJING: IT major Tata Consultancy Services has won a landmark deal worth a whopping $100 million from the state-run Bank of China, industry sources said on Sunday.

It is being dubbed as one of the major IT-related deals signed by a Chinese bank ahead of the opening up of the country's banking sector to foreign competition by December 11 under Beijing's commitment to the World Trade Organisation, industry sources said.

"It is a major breakthrough for Indian IT companies, who are aggressively expanding their operations and bidding for government contracts in China," a software expert said.

Under the just-inked deal, the Indian IT giant will provide a range of banking solutions to BoC. The details are not yet known.

All major Indian IT giants, including TCS, Infosys, Satyam, Wipro and NIIT, and i-flex have set up bases in China, servicing their multinationals customers in the country and targeting the huge domestic software market as well as the Japanese and South Korean markets.

TCS and its Chinese partners are expected to get their business licence soon for their Beijing-based joint venture, another milestone in the company's bid to expand its global footprint.

The joint venture company will be located in Beijing's Zhongguancun Software Park (z-Park) and will provide IT services and solutions to China's domestic market as well as major markets particularly Japan as well as the rest of Asia-Pacific region, US, and Europe.

Find your daily dose of news & explainers in your WhatsApp. Stay updated, Stay informed- Follow DNA on WhatsApp.

VIDEO OF THE DAY

Watch more

TCS wins $100m deal in China

VIDEO OF THE DAY

Live tv

POPULAR STORIES

MOST VIEWED

MOST WATCHED

DNA ORIGNALS