India's information technology (IT) major, Tata Consultancy Services (TCS) has been reported to have signed a $100 million outsourcing deal with the Bank of China.
Industry sources dubbed TCS’ win in China as one of the major IT deal signed by a Chinese bank ahead of the opening up of that country's banking sector to foreign competition by December 11 under Beijing's commitment to the World Trade Organization (WTO).
This deal came close on the heels of TCS' seven-year, $65 million agreement with Somerfield, a Britain based food retailer, to provide a full range of managed IT services. TCS had announced this deal last week.
Tags: Tata Consultancy Services, Infosys, China, Banking, Finance, Information Technology, Outsourcing, India, TCS, Beijing, Bank of China, TCS, World Trade Organization, WTO, Somerfiled, Britain, Business, Technology
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