Tata Consultancy Services is holding discussions with united utilities to acquire its business process outsourcing arm vertex
Media Release
Jun. 16, 2006

India's largest software company Tata Consultancy Services is holding discussions with united utilities to acquire its business process outsourcing arm ''vertex'' for an estimated 800 million US dollars (Rs 3,600 crore).

"Talks are at preliminary stages," sources in the know said. Meanwhile in response to a query, TCS told Bombay Stock Exchange that as a matter of policy it does not respond to any speculative news items or queries in such matters.

Tata Consultancy Services is holding discussions with united utilities to acquire its business process outsourcing arm vertex
Media Release
As indicated in the past, acquisitions are a part of the company's growth strategy. Accordingly, the company considers from time to time various proposals for acquisitions and mergers
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Infosys intended to set up its largest campus yet at Mahindra City near Chennai
Media Release
Infosys intended to set up its largest campus yet at Mahindra City near Chennai where the company owns 125 acres of land. The Rs 1,250 crore facility will have a built-up area of five million sq ft
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Samsung India on Thursday said it would invest US$20 million on its expansion plans and for Research and Development in the country this year
Media Release
Samsung India on Thursday said it would invest US$20 million on its expansion plans and for Research and Development in the country this year, with plans to earn 27 per cent of its revenues from the IT segment.
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Central Marketing Group, the trading arm of the Central Group, is taking another step to move its local brand to the international level by exporting to new markets such as India and the Middle East
Media Release
Earlier this year, CMG established an overseas corporate department to fully develop distribution channels abroad.
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Infosys Technologies is on track to post earnings growth of 26-28 per cent this quarter
Media Release
Infosys Technologies is on track to post earnings growth of 26-28 per cent this quarter, helped by a global outsourcing boom, the head of India's second-biggest software services exporter said on Thursday.
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Tata Consultancy Services (TCS) is looking to buy Vertex, the outsourcing arm of UK's United Utilities PLC
Media Release
It said that Vertex -- which has interests in back office functions like customer services, human resources, procurement, finance and accounting -- is perceived by the parent company as a non-core business, and hence the decision to sell.
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A US-based provider of outsourced product development for global software companies, Symphony Services, has set up its fourth development centre in India
Media Release
A US-based provider of outsourced product development for global software companies, Symphony Services, has set up its fourth development centre in India here to house up to 2,000 professionals.
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Magma(R) Design Automation a provider of semiconductor design software, announced its expanding presence in India
Media Release
These additions will enable Magma to take advantage of the availability of world-class engineering talent and provide additional support to its growing customer base in India.
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