TCS after market hours on Wednesday, 4 September 2013 said it has been selected by CTM, a leading telecom service provider in Macau, for a multi-year and multi-million agreement for an IT and business transformation project.
As per the agreement, TCS will deploy a new convergent rating and billing system for CTM. The new convergent rating and billing system is expected to be fully implemented within three years.
Ravi Viswanathan, President, Growth Markets, TCS said, CTM is an outstanding showcase of how a leading telecom provider is leveraging technology to both maintain a comprehensive edge and enhance its core IT and business operations. TCS and CTM have an extensive working history and we are excited to expand the range of services TCS is providing to CTM and to develop a roadmap for ongoing future cooperation and success.
HCL Technologies has bagged a contract from Direct Energy, a North American energy services firm, to implement and manage residential billing and customer care operations.
Under the agreement, HCL Technologies will implement and manage residential billing and customer care operations of Direct Energy in the Alberta market, HCL Technologies said in a statement. HCL will also provide infrastructure hosting, application management and business process services, it added. The outcome-based deal includes efficiencies gained through customer-focused self-service channels. This will enhance delivery on current and future customer expectations, while providing new capabilities to strengthen customer retention and acquisition, it said. In addition, optimisation initiatives are expected to reduce overall operating costs for Direct Energy, the company said in a statement.
"As a market leader, Direct Energy, is focused on continuous improvement in delivering customer service in an environment of maturing customer expectations. HCL will drive cost savings for Direct Energy's customers within evolving regulatory regimes, based on its domain expertise and experience of having executed several such transformational projects in the past," said Todd Crandall, Executive Vice President, Public Services & Emerging Industries, HCL Technologies.
Jet Airways (India) reportedly raised fares by up to 25% with immediate effect on Wednesday, 4 September 2013, due to a sharp increase in the air turbine fuel (ATF) price and a depreciating rupee.
Axis Bank will be watched after the Reserve Bank of India (RBI) on Wednesday, 4 September 2013, allowed overseas investors to purchase additional shares in the bank given the foreign shareholding limit has gone below the threshold limit stipulated under the extant foreign direct investment (FDI) Policy.
Tata Power will be watched on media reports that a working capital crunch, worsened by the dramatic slide in the rupee, has forced the company to rethink its expansion plans. Tata Power managing director Anil Sardana was quoted by media as saying that the company could abandon its plan to add two more units of 800 megawatts (MW) each (combined 1,600 MW) at the company's Mundra plant, which would have necessiated an investment of more than Rs 7000 crore. Tata Power has spent nearly Rs 18000 crore to set up the Mundra project, report suggested.
Bharti Airtel will hold its 18th annual general meeting (AGM) today, 5 September 2013.
Hindustan Petroleum Corporation (HPCL) will hold its 61st annual general meeting (AGM) today, 5 September 2013.
Tata Motors will reportedly launch a diesel-powered version of its Nano car by the end of March 2014.
Apollo Tyres will be watched after a foreign investor Swiss Finance Corporation (Mauritius) on Wednesday, 4 September 2013, picked up a total of 55.30 lakh shares of Apollo Tyres through open market transactions. As per the bulk deal details with the stock exchanges, Swiss Finance Corporation purchased about 25.57 lakh shares of Apollo Tyres on the BSE and another 29.73 lakh shares of the company on the National Stock Exchange (NSE). Apollo Tyres shares were acquired for an average price of Rs 64.98 each on BSE and Rs 64.79 per share on NSE.
Idea Cellular turns ex-dividend today, 5 September 2013, for a final dividend of 30 paise per share for the year ended 31 March 2013.
GAIL (India) turns ex-dividend today, 5 September 2013, for a final dividend of Rs 5.60 per share for the year ended 31 March 2013.
MMTC turns ex-dividend today, 5 September 2013, for a final dividend of 10 paise per share for the year ended 31 March 2013.
NTPC turns ex-dividend today, 5 September 2013, for a total dividend of Rs 2 per share for the year ended 31 March 2013. This includes a special dividend of Rs 1.25 per share.
Power Grid Corporation of India turns ex-dividend today, 5 September 2013, for a final dividend of Rs 1.14 per share for the year ended 31 March 2013.
BEML turns ex-dividend today, 5 September 2013, for a dividend of Rs 2.50 per share for the year ended 31 March 2013.
GMR Infrastructure turns ex-dividend today, 5 September 2013, for a dividend of 10 paise per share for the year ended 31 March 2013.
Godfrey Phillips turns ex-dividend today, 5 September 2013, for a dividend of Rs 40 per share for the year ended 31 March 2013.
India Glycols turns ex-dividend today, 5 September 2013, for a final dividend of Rs 2 per share for the year ended 31 March 2013.
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