BANGALORE: Indian IT companies will be fiercely competing with MNCs for five big IT contracts in Australia valued at over A$2 billion (Rs 11,000 crore).

Infosys, Wipro, TCS and HCL Technologies are participating alongside IBM, HP and Capgemini in request for information (RFI) and request for proposal (RFP) for incremental IT outsourcing work coming from Sydney Water, Rio Tinto, Jetstar, Aurizon and Transport for NSW, said an Australian IT consultancy firm that did not want to be named.

Despite rising revenue from India, information technology (IT) services major Tata Consultancy Services (TCS) remains cautious on the country.

The Mumbai-based firm, which registered revenue of $3.6 billion in the April-June quarter, saw its India business grow five per cent.

Mumbai: When N. Chandrasekaran was named chief executive officer (CEO) and managing director (MD) of Tata Consultancy Services Ltd (TCS) five years ago, analysts and insiders started talking of the firm’s acronym being short for “Take Chandra Seriously”.

Chandrasekaran proved them so right that no one was surprised when India’s largest software services exporter last week appointed the marathon runner CEO and MD for a second five-year term effective 6 October. Given his track record, shareholder approval to the appointment seems to be a mere formality.

Tata Consultancy Services (TCS), India’s largest information technology services provider, reiterated its FY15 growth outlook is much better than FY14, taking its share price to touch a 52-week high at Rs 2,667 apiece during intra-day trading on Tuesday. The share price of the firm corrected and closed at Rs 2,630 a share on the BSE.

Tata Consultancy Services Ltd's shares gained 0.3 percent after the company on Monday reiterated its revenue and margin outlook for FY 2015. Analysts said that this helps in light of the recent cut in outlook from Cognizant Technology Solutions Corp and Accenture Plc.

Tata Consultancy Services (TCS), India’s largest information technology services provider, on Wednesday announced its board of directors had re-appointed N Chandrasekaran as the chief executive officer and managing director (CEO & MD) for five years. This is effective October 6 and is subject to necessary approval of shareholders.

Earlier, Chandrasekaran was appointed CEO & MD for a period of five years from October 6, 2009 to October 05, 2014.

Tata Consultancy Services (TCS), HCL Technologies and HDFC Bank are among the 50 best public companies in Asia-Pacific according to a compilation by Forbes, which ranked India second behind China as home to the 'world's next growth engines'.

The Forbes 2014 'honour roll of the Fabulous 50' lists best of Asia-Pacific’s biggest publicly traded companies.

Ratan Tata, Chairman Emeritus of Tata Sons, has made a personal investment in e-commerce company Snapdeal. This announcement, which is expected to intensify the competition in the online retail space, comes just a day after Snapdeal and Tata Value Homes entered into a strategic alliance.

The value of the investment made by Ratan Tata has not been disclosed.

Mumbai: The 30-share bellwether BSE Sensex traded higher on Wednesday morning, ahead of the expiry of derivatives. The government is expected to release data on GDP growth on 29 August.

At 9.22am, the Sensex was trading up 0.52%, or 138.65 points, at 26,581.46 points, while the National Stock Exchange’s broader barometer 50-share Nifty was up 0.38%, or 29.95 points, at 7,934.70 points.

Although the benchmark indices representing the bluechip and mid-cap space have sustained strong year to date gains this year, nearly half of the index members have underperformed these barometers.

In case of largecap indices — the fifty share Nifty and BSE 100 — that gained more than 26% in 2014, 45% of constituents have trailed the year to date gains reported by these respective indices.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.