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Tata Consultancy Services may get $ 1.5 bn contract from UK based Insurance Provider

Neeta Aurora 20 August 2007

At 10:32 am, Tata Consultancy Services is quoting at Rs 1,078.20, and up Rs 22.10, or 2.09%. The Stock reached an
intraday high of Rs 1,097.85 and an intraday low of Rs 1,072.

The reports from reliable sources suggest that the company may have a new contract worth USD 1.5 bn from Prudential Insurance of UK.

The stock is dealing with volumes of 27,780 shares. On Friday, the share closed down at Rs 1,056.10, 2.91% or Rs 31.70.

TCS is one of the world’s largest providers of information technology, consulting, services and business-process outsourcing. For fiscal year 2005-06, it posted a net profit of Rs. 3,709 crore.

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