TCS in focus after order win

IT major TCS said that its UK-based subsidiary, Diligenta, secured a 15 year partnership with Scottish Widows, Lloyds Banking Group's Life and Pensions business. Diligenta is a leading life and pensions BPS provider in the UK. Under the terms of this agreement, Diligenta will support Scottish Widows to provide end-to-end policy administration services for its 4 million heritage customers. Diligenta will provide Scottish Widows these services based on TCS BaNCS, its digitally-enabled, end-to-end policy administration platform, to manage its assets in life, pensions and investment products. The announcement was made after market hours yesterday, 26 September 2017.

ICICI Lombard General Insurance Company debuts on the secondary equity market today, 27 September 2017. The company priced the initial public offer (IPO) at the top end of the Rs 651-661 price band. The IPO received bids for 18.35 crore shares, data on NSE showed. The IPO was subscribed 2.98 times. The IPO opened for subscription on 15 September 2017 and closed on 19 September 2017.

TVS Motor Company announced that its scooter brand, TVS Jupiter, clocked sales of 2 million units within 4 years of its launch. The announcement was made after market hours yesterday, 26 September 2017.

IDBI Bank said it tied up with Boston Consulting Group (BCG) to boost financial health. BCG will assist IDBI Bank to identify areas for cost containment and revenue maximization leading to sustainable growth and profitability of the bank. With support from the consulting partner, IDBI Bank hopes to identify and address existing gaps, capitalize on core strengths and improve existing products and processes. Coordinating across multitude of initiatives, the bank will focus on four key areas - revenue enhancement, cost control and reduction, asset productivity and overall program management in consultation with BCG. The announcement was made after market hours yesterday, 26 September 2017.

Petron Engineering Construction said it received order worth Rs 280 crore from JSW Steel. The order is for supply, fabrication, erection and alignment of prefabricated steel structure for blast furnace #2 and raw material handling system (RMHS) conveyor gallery and junction house at Raigad, Maharashtra, India. The announcement was made after market hours yesterday, 26 September 2017.

Madhucon Projects said that it is looking to sell its road projects but buyers for the same are not yet finalized. In 2016 Madhucon sold one of its road projects Agra-Jaipur (MAJEL) to cube highways, Singapore in the similar lines. The announcement was made after market hours yesterday, 26 September 2017.

Blue Star said it forayed into engineering facility management (EFM), which covers a wide repertoire of operation and maintenance services for efficient functioning of electro-mechanical utilities. The announcement was made after market hours yesterday, 26 September 2017.

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