In what is the biggest-ever outsourcing deal for an Indian IT company so far, Tata Consultancy Services (TCS) has bagged a mega $2.25-billion contract by Nielsen, a television rating management firm.

The new deal assures $320 million worth of business annually for the Mumbai IT giant., from 2017 to 2020. Prospective annual revenue from 2021 till 2024 is being seen at $186 million, and at $139.5 million in 2025.

Bitcoin has yet to redefine the global payments system. But it could raise questions about how to define a bear market.

Stock strategists — and financial journalists — typically use a 20 per cent tumble from a high as the trigger for calling a bear market. Bitcoin at one point on Wednesday met that description, according to Bloomberg’s composite price. The low for the day was 20 per cent below the record, set way back on Monday.

Lenders to Reliance Communications (RCom) discussed the bids the firm has received for the sale of assets and conversion of part debt into equity to avert the provisioning burden if the asset were to turn bad at the at the joint lenders’ forum (JLF) on Wednesday. The JLF meeting will continue on Friday.

Senior public sector bankers said though the firm was trying to sell some assets to repay loans and clear bank dues, no decision has been taken so far.

Air India's operational profit rose to Rs 215 crore and net losses narrowed to Rs 3,643 crore in 2016-17, according to the government.

To revive the loss-making national carrier, the government is working on the modalities for its strategic disinvestment while Ernst & Young LLP has been appointed as the transaction advisor.

Pakistan army chief General Qamar Javed Bajwa has urged the country’s lawmakers to improve relations with India and has assured that the military would back the civilian government‘s initiative for normalisation of relations with New Delhi.

His statement came at a rare briefing to Pakistan's Senate on security situation and regional issues on December 19.

Anil Ambani-led Reliance Infrastructure on Thursday announced the sale of its Mumbai distribution business for a deal value Rs 13,251 crore to Adani Transmission.

In October, the company confirmed that it has entered into exclusive talks with Adani Transmission for the sale of the distribution business and the agreement was valid up to mid-January next year.

Mumbai: The Indian rupee on Wednesday closed marginally higher against the US dollar.

The home currency ended at 64.06 a dollar, up 0.09% from its Wednesday’s close of 64.12. The rupee opened at 64 a dollar and touched a high and a low of 64 and 64.13 respectively.

NASA has picked two concepts for a solar system mission planned to launch in the mid-2020s -- a comet sample return mission and a drone-like rotorcraft that would explore potential landing sites on Saturn's largest moon, Titan.

Which of these two mission will finally make it will be known only in 2019.

Microsoft has released a new preview build for Windows Insiders, to test the features it may roll out with the next Creators update, which is expected to launch sometime next year.

The preview build will only be available to users who have signed up for the Fast Ring of the Windows Insiders program. Fast Ring is the first phase of beta testing. If there are no issues with this version of the preview build, it will be released to Insiders on the Slow Ring which is the second level of beta testing.

New Delhi: Finance minister Arun Jaitley on Thursday said the Congress should not treat the 2G verdict as a “badge of honour”.

The party’s “zero loss theory” was proved to be wrong when the apex court squashed spectrum allocation in 2012, the minister said after a special court acquitted all accused in the 2008 2G spectrum allocation scam, including Dravida Munnetra Kazhagam (DMK) leaders A. Raja and Kanimozhi.

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