ROMINENT IT COMPANIES such as TCS, Infosys, Wipro, and HCLTech have recently sealed huge deals that hold profound implications for the industry's trajectory. But what do these deals mean for investors? In June, TCS unveiled a mega deal with UK's National Employment Savings Trust (NEST). The £840 million (approximately $1.1 billion) agreement is for a 10-year period. If extended across its full 18-year duration, the contract's maximum estimated worth could reach £1.5 billion (about $1.9 billion). The agreement encompasses a minimum 10-year term, with potential extensions of up to five years and an additional three-year exit option.
In September, TCS struck another mega deal with Jaguar Land Rover (JLR), a wholly-owned subsidiary of Tata Motors. The £800-million agreement is for five years. TCS has been enlisted to develop advanced digital services tailored to JLR's luxury car customers.
Meanwhile, HCLTech unveiled a staggering $2.1 billion pact with Verizon. It hopes to secure more substantial mega deals in the forthcoming quarters. HCLTech's CEO C. Vijayakumar, in an interview with a media outlet, revealed a robust deal pipeline since Q1 FY24, and expressed confidence in Q2 FY24 contributing significantly to the company's bookings. He underlined the prospect of fulfilling the projected 6-8 per cent year-on-year (CC revenue growth) guidance for the fiscal year (FY24), propelled by the current trajectory and prospective developments.
Denne historien er fra September 23, 2023-utgaven av BW Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra September 23, 2023-utgaven av BW Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
The Rise and Evolution of Coffee Culture in India
AS A BANGALORE native, South Indian filter ‘Kaapi’ has always been a significant part of our tradition.
The Daily Ground Goes Desi
Success in Tier-2 and Tier-3 cities hinges on several key factors, with one of the most important being the ability to offer high-quality products at an accessible price point
Cracking The Indian Code
TARUN JAIN, CEO of Tim Hortons India believes in creating an experience at cafes by blending global quality, local flavours and affordability
Making Coffee the New Chai in India
Affordable, great-tasting coffee made fast-abCoffee is reshaping how India drinks coffee
Scripting A New Era Of Coffee In India
From a bootstrapped startup to international expansion, NOTHING BEFORE COFFEE is brewing its way to the top by challenging the giants of the coffee industry with innovation, personalisation, and sustainability
"Driven By A Younger Demographic, Coffee Culture Is On The Upswing"
SUNIL D'SOUZA, Managing Director and CEO of Tata Consumer Products, discusses the company's strategic growth in India's booming coffee market, focusing on premiumisation, innovation, and expanding consumer experiences both at home and in cafés, in this exclusive conversation with BW Businessworld's Tarannum Manjul
Fresh Brew, Big Ambitions
From startups to stores, Beanly's Samayesh Khanna and Rahul Jain elevate India's coffee culture by making freshly brewed coffee a daily delight
"On Track To Become India's Top Café Chain"
In an exclusive interview, RAJAT AGRAWAL, CEO of Barista Coffee, shared insights on the company's current market position, expansion strategies, and its response to growing competition
"Ensuring A Seamless Coffee Experience Outside The Cafe Is The Next Big Thing To Watch Out For"
In an exclusive conversation with BW Businessworld's Resham Suhail, Third Wave Coffee CEO RAJAT LUTHRA and its Co-founder AYUSH BATHWAL delve on how they are navigating the competitive landscape, going beyond retail and tapping changing consumer preferences
Go Glocal
Crafting experiences with a glocal touch, Tata Starbucks CEO SUSHANT DASH is credited with pioneering personalised coffee culture in a tea-loving nation