Huma Abedin & Hillary Clinton wined & dined by Jobs Outsourcer Tata Consultancy & the Tata Group

For more than 100 years, we have acquainted guests with the living heritage of India - and a legendary experience in hospitality.

It began on December 16, 1903, when Jamshetji Nusserwanji Tata opened Taj’s first hotel, the Taj Mahal Palace & Tower, Mumbai. This grand hotel epitomized a philosophy that still holds true today: provide impeccable service and unparalleled facilities so every stay is a memorable one.

A part of the Tata Group of companies www.tata.com, India's premier business house, Taj Hotels Resorts and Palaces comprises 57 hotels in 40 locations across India with an additional 18 international hotels in the Maldives, Mauritius, Malaysia, Australia, UK, USA, Bhutan, Sri Lanka, Africa, and the Middle East...

Taj Hotels, Resorts and Palaces, also known as the Indian Hotels Company, is the largest Indian luxury hotel chain. A wholly owned subsidiary of the Tata Group, Taj Hotels Resort and Palaces comprises 77 hotels in 39 locations across India with an additional 18 international hotels in the Maldives, Mauritius, Malaysia, Seychelles, United Kingdom, United States of America, Bhutan, Sri Lanka, Africa, the Middle East and Australia.

Biggest Indian outsourcing contract awarded
The $1.2 billion agreement calls for Tata to handle American market research firm Nielsen's information technology infrastructure.
October 18 2007: 6:17 AM EDT
money.cnn.com

NEW DELHI (AP) -- India's Tata said Thursday it received a $1.2 billion contract from American market research firm Nielsen - the biggest outsourcing order ever won by an Indian company...

Under the 10-year contract, Tata Consultancy, known as TCS, will offer a host of services to Nielsen, from management of its information technology infrastructure to back-office work such payroll processing and tracking human resources.

TCS, India's top outsourcing company, will also provide consulting services and set up an innovation lab to develop next generation business solutions for New York-based Nielsen.

This is the first time an Indian company has won an outsourcing order valued more than $1 billion.

Mumbai-based TCS had previously won a $847 million contract from U.K.-based Pearl Group, a pension and insurance company...

Tata's revenue, profits up, despite weak dollar
India's largest outsourcer announces strong growth; Tata improved its profitability through currency hedging and cost management
By John Ribeiro, IDG News Service
October 15, 2007
infoworld.com

India's largest outsourcer, Tata Consultancy Services (TCS) announced Monday strong growth in revenue and profits for the quarter that ended Sept. 30, despite earlier fears that the appreciation of the Indian rupee against the dollar would drive down profits of Indian outsourcers.

The company has absorbed the impact of the rupee appreciation, and improved its profitability, by a combination of currency hedging and cost management, TCS, of Mumbai, said Monday.

TCS reported revenue of $1.42 billion for the quarter, up 45.2 percent over revenue in the same quarter last year. Its profits for the quarter were $313 million, up 45 percent from the corresponding quarter last year. The company added 9,268 staff during the quarter, and currently employs over 100,000 employees. Foreign nationals made up 8.5 percent of total staff. TCS also added 49 new clients in the quarter...

Indian Outsourcer Tata Plans to Hire 5,000 in Mexico
The South American market presents a new area of growth for the company.
John Ribeiro
IDG News Service (Bangalore Bureau)
June 07, 2007
CIO Magazine

India's largest outsourcer, Tata Consultancy Services (TCS), has set up a global delivery center in Guadalajara, Mexico, with plans to hire up to 5,000 staff there over the next five years.

Having a center in Mexico helps TCS, of Mumbai, as it will be closer to U.S. customers and on a similar time zone, Pradipta Bagchi, a spokesman for TCS, said on Thursday...

Indian outsourcer Tata cashes in on offshoring
Revenue was up 42 percent, profit was up 33 percent over the same quarter last year
By John Ribeiro, IDG News Service
July 18, 2006
infoworld.com

India outsourcer Tata Consultancy Services (TCS) Tuesday reported gains in both revenue and profit for the quarter ended June 30, reflecting a growing demand for offshore services and the depreciation of the Indian rupee against major currencies.

Revenue for the period was $900 million, up by 42 percent from the same quarter last year. Profit for the quarter increased by 33 percent from a year earlier to $187 million.

The results are based on U.S. generally accepted accounting principles (GAAP), and refer to the first quarter of the company's fiscal year, which runs from April 1 to March 31 next year.

About 53 percent of the company's revenue in the quarter came from exports to North America, with another 27 percent from Europe. The company earned about 41 percent of its revenue from the banking and financial services industry. The company added 62 clients during the quarter, taking the total to 764.

The company hired 4,698 employees, increasing the headcount as of June 30 to 71,190. The company's staff attrition rate was 10.6 percent.

TCS' strong showing reflects an overall buoyancy in the Indian outsourcing industry. India's exports of software and services are expected to grow by 27 percent to 30 percent in the year ending March 31, to post revenue between $29 billion to $31 billion, India's National Association of Software and Service Companies said in June.

Revenues, Profits Soar At India's Top Outsourcer, Tata
Tata Consultancy Services Ltd., India's foremost software developer, reported Thursday that its third-quarter profit rose 54 percent, to $162 million.
By TechWeb
Jan. 13, 2005
informationweek.com

Tata Consultancy Services Ltd. reported Thursday that its third-quarter profit rose 54 percent, to $162 million (7.09 rupees), on revenues that rose 38 percent, to 25.8 billion rupees. Tata is India's largest software developer and that country's largest offshore outsourcer providing services to foreign customers.

General Electric, Tata's biggest customer, is expected to provide "marginal" growth in coming months, Tata said. India's second largest offshore outsourcing firm--Infosys Technologies--also reported soaring revenues and profits yesterday, as Indian firms continue to upgrade their services to customers.

Tata reported that new orders came from 72 customers--15 of them represent sales of more than $1 million a year. Italian sports-car manufacturer Ferrari SpA placed new orders with Tata, which said it will perform "core engine-design services" for its strategic partner.

In a statement, Tata's chief executive officer and managing director, S. Ramadorai, said: "Excellent teamwork between TCS and its subsidiaries have resulted in a strong growth momentum across all geographies, domains, and offerings." The company has a total of 506 active customers, and the firm said it also obtained significant customer wins with major media and entertainment-industry studios.

The firm reported that it added 2733 employees, bringing its total headcount to 43,681. Tata gets most of its outsourcing revenue from work performed at customer locations, while remote locations, such as India, accounted for about 40 percent of revenue.

From this 2002 link....

Fighting corruption : Multinationals' bribery goes unpunished

....The OECD convention is simply not being taken seriously enough by many companies. To turn this situation around Transparency International, a nongovernmental organization that fights corruption, is developing, together with companies including BP, Shell, Tata and General Electric, a set of business principles for countering bribery.

If Tata's so squeeky clean, one wonders what it's doing canoodling with the Toons....

I have a question, why are you singling out all the Indian businesses? Is it about security issue? Job outsourcing goes to many countries not just India. You dont like it because Indian are funding Hillary and not Bush?

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.