Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Saudi Real Estate Refinance Company deploys TCS BaNCS

Posted On: 2018-03-22 01:37:38

Tata Consultancy Services (TCS), (BSE: 532540, NSE:TCS), a leading IT services, consulting and business solutions organization, announced that Saudi Real Estate Refinance Company (SRC) has implemented a single, integrated technology platform for its core operations to refinance real estate, a first of its nature deployment in the Middle East region. TCS BaNCS will now service the complete mortgage refinancing lifecycle including the Treasury function as well as finance, human resources and payroll administration through its partner network.

The choice of TCS BaNCS as its preferred technology platform was determined by its comprehensive functional capability, and the firm's execution rigor and domain expertise demonstrated globally. Mr.Fabrice Susini, CEO, Saudi Real Estate Refinance Company, said, "Our vision directly tracks the Saudi Kingdom's 2020 National Transformation Program which calls for a 100% increase in real estate's GDP contribution from 5% to 10% by 2020. To reach this ambitious goal, we needed a flexible and agile platform like TCS BaNCS. The solution's modern functionality and architecture; the excellent fit with our technology and organizational needs; and the deep commitment and support demonstrated by the TCS team are significant aspects of this partnership."

Venkateshwaran Srinivasan, Head - TCS Financial Solutions, said, "SRC's vision to boost real estate is a nation building initiative and we are committed to this strategic program. This implementation of TCS BaNCS by SRC underscores our commitment to the market as well the versatility of the TCS BaNCS solution, which can address the entire spectrum of needs across the financial value chain, offering breadth of functionality as well depth to cater to specific niche segments."

Neeraj Srivastava, Country Manager, TCS Saudi Arabia, said, "We are delighted to have partnered with SRC in this important initiative. Saudi Arabia is a strategic market for us in the Middle East and this pioneer program will positively impact the entire region."

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2854.6 as compared to the previous close of Rs. 2859.15. The total number of shares traded during the day was 99762 in over 3253 trades.

The stock hit an intraday high of Rs. 2882 and intraday low of 2845. The net turnover during the day was Rs. 285061909.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

JK Tyre & Industries Ltd reports net profit of Rs. 64.24 crores in Q1

Mindtree Ltd posts Q1 net profit of Rs. 158.2 crores

GHCL Ltd Q1 net profit drops to Rs. 61.59 crore

Foseco India Ltd Q2 net profit up at Rs. 8.42 crores

Sasken Technologies Ltd posts surge in Q1 Net Profit to Rs. 28 crores

JM Financial Ltd Q1 net profit up at Rs. 199.06 crores

Mastek Ltd Q1 consolidated PAT surges to Rs. 22.46 crores

Responsive Industries Ltd Q1 net profit zooms to Rs. 16.29 crores

HT Media Ltd reports consolidated Q1 net profit of Rs. 9.14 crore

Ultratech Cement Ltd Q1 net profit falls to Rs. 631.21 crores

NIIT Technologies Ltd Q1 consolidated PAT rises to Rs. 90.4 crore

Bandhan Bank Q1 net profit up 47.5% at Rs. 481.71 crore

Ion Exchange India Ltd calls for board meeting on July 31, 2018

Avenue Supermarts Ltd board to announce Q1 results on July 30, 2018

Optiemus Infracom Ltd to form JV for blockchain based software services

Federal-Mogul Goetze India Ltd board to approve quarterly results on July 31, 2018

IFB Industries Ltd board to announce Q1 results on July 26, 2018

Bandhan Bank Ltd Q1 net profit jumps to Rs. 481.71 crores

Sun Pharma receives U.S. FDA Approval of INFUGEM™ Injection

Tamboli Capital Ltd calls for board meeting on Aug 13, 2018

Thomas Cook India Ltd Launches 'Study Buddy' to leverage the peak student travel season

Quess Corp Ltd board to approve 1st quarter results on July 26, 2018

Samkrg Pistons & Rings Ltd board to consider Q1 results on July 30, 2018

Artemis Global Life Sciences Ltd calls for board meeting on Aug 3, 2018

Nucleus Software announces Q1 FY19 Financial Results

Lakshmi Mills Company Ltd board to consider Q1 results on Aug 13, 2018

Elgi Equipments forms company in Australia

Zydus receives four consecutive ANDA approvals from the USFDA

Jindal Stainless Limited posts 2x jump in Q1 PAT

Reliance Nippon Life Asset Management Ltd board to consider Q1 results on July 25, 2018

CRISIL Ltd announces Q2 CY2018 results

IMFA announces Q1 FY19 results

5paisa Capital - Income for Q1FY19 at Rs. 906 Lakhs

Rallis India Ltd Q1 consolidated PAT higher at Rs. 54.58 crore

Jindal Stainless Ltd Q1 net profit soars to Rs. 90.85 crore

Tata Sponge Iron Ltd Q1 net profit higher at Rs. 45.56 crores

CRISIL Ltd Q2 net profit at Rs. 77.13 crore

Sintex Industries Ltd Q1 PAT up at Rs. 39.12 crores

HDFC AMC IPO to open on July 25, 2018

Nucleus Software Exports Ltd Q1 PAT climbs to Rs. 17.59 crores

Symphony Limited Board to consider First Interim Dividend on July 24, 2018

Acrysil Ltd board to announce Q1 results on July 25, 2018

Udaipur Cement Works Ltd board to approve first quarter results on July 25, 2018

DIAL renews its contract with Majestic Research Services and Solutions Limited

CRISIL Ltd Board declares Second Interim Dividend of Rs. 6 for 2018

TV Today Network Ltd board to announce Q1 results on Aug 9, 2018

Shoppers Stop Ltd closes HomeStop store at Embassy Paragon

JK Paper Ltd board to approve first quarter results on July 31, 2018

Dishman Carbogen Amcis Ltd calls for board meeting on July 25, 2018

Vibrant Global Capital Ltd to further invest in subsidiary





Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018