Shares of Tata Consultancy Services (TCS) jumped almost 4 percent intraday on November 13, a day after the company announced an expansion of its long-term partnership with Phoenix Group.".....expansion of long-term partnership with Phoenix Group, Europe's largest life and pensions consolidator, will drive the growth and transformation of the Standard Life business and meet the future needs of its customers, workplace clients and their advisers," TCS said in a BSE filing.The company said the expanded partnership will result in the digital transformation of Standard Life's pensions and savings operations onto the TCS BFSI Digital Platform, powered by TCS BaNCS.Close Moreover, this will expand the overall scope by a further 4.2 million policies, taking the total number of policies managed by Diligenta, TCS' regulated subsidiary in the UK, on behalf of Phoenix Group, to nearly L0 million, said TCS. related news Edelweiss Financial share price locked at upper circuit on … [Read more...] about TCS expands partnership with Phoenix Group; share price up 4%
Real life hulk
Popular TV and broadcast content app JioTV has been conferred the award for IPTV Innovation at the World Communication Awards 2019, at a ceremony in London. Reliance Jio’s offerings were shortlisted under four categories at the World Communication Awards.The World Communication Awards recognises excellence amongst global telecom operators and individuals, and a panel of experts select winners in 25 categories.Reliance Jio’s digital offerings were shortlisted in 4 categories, including Best Operator in an Emerging Market, The Social Contribution Award, The Innovation Award – Operator and IPTV Innovation Award. JioPhone and JioInteract were highly commended under The Social Contribution and Innovation Award categories, respectively.Close On JioTV’s win, Judges commented “As telcos around the world scramble to become more than mere providers of dumb pipes- content is becoming critical and core to their offerings. This category witnessed some stiff competition … [Read more...] about JioTV wins IPTV Innovation Award at World Communication Awards
Zomato's biggest shareholder, Info Edge, has said that the food delivery platform cut its monthly expenditures to Rs 143 crore ($20 million), The Times of India reported.This is a significant reduction of around 44 percent from the company's Rs 322 crore ($32 million) March spend. The cut was managed despite the start-up expanding operations across 500 more Indian cities, it noted.After announcing its September quarter earnings, Sanjeev Bikhchandani, the co-founder of Info Edge. told analysts that cutting down on discounts and instances of people abusing discounts, and reducing marketing spend brought down the monthly expenditure.Close He added that Zomato would continue to reduce monthly spend and increase volumes. It will be a tough fight as Bengaluru-based rival Swiggy is going all-out at $40-50 million per month to gobble market share. related news Supreme Court to deliver its verdict on pleas seeking Sabarimala judgment review tomorrow 'Vodafone India to head for … [Read more...] about Zomato slashes monthly spends by 44% to Rs 143 crore; company to focus on volume increase: Report
When Nitish Kumar abandoned the Grand Alliance with RJD and Congress to join the National Democratic Alliance (NDA) in August last year, opinions regarding his decision were divided. Some called it a political masterstroke, others called it a mistake; most were cynical. They felt this was perhaps another one of Kumar’s U-turns in his quest to use realpolitik to maintain power, and it could go either way.Maintaining power, as it is turning out, would be difficult. Once considered to be the Opposition’s pitch for Prime Ministerial candidature, Nitish Kumar now seems to be struggling for seats in a state he has ruled for the past 13 years. Kumar had broken his alliance with the NDA before the 2014 general elections, citing differences with PM Narendra Modi.In the elections that followed, Janata Dal (United), Kumar's party, was trounced by the Bharatiya Janata Party (BJP) and its allies in Bihar, reducing the party to two seats while the BJP garnered 22. This was a change from … [Read more...] about Grand Alliance, NDA or go-it-alone: Options galore, but what is Bihar CM Nitish Kumar thinking?