TCS bids $500m for 80% stake in Lufthansa IT Systems

India's largest software services exporter, Tata Consultancy Services, has put in a bid valued at $500 million to acquire a controlling stake in Lufthansa IT systems, the captive information technology unit of the Frankfurt-based airline, two people said on condition of anonymity.

TCS is in talks to negotiate a multi-year contract from Lufthansa which could yield revenues in excess of $2 billion for the company according to people familiar with the bidding process.

Credit Suisse is advising TCS on its bid for Lufthansa IT systems.

A spokesperson for TCS declined comment for this story. Claudia Lange, a spokesperson for Lufthansa also declined comment.

One of the people quoted above said Hewlett Packard-EDS and IBM were also in the fray to buy a stake in the unit but TCS may be able to propose a structure that would make it compelling for Lufthansa to consider them as a favoured partner. a

Tech honchos war begins on campus hiring

Bangalore: Last year, Tata Consultancy Services (TCS), one of the biggest Indian firms was listed in the Limca Book of Records for the largest number of students hired from a single campus by hiring 1,075 students from Vellore Institute of Technology (VIT). But this year there is a great jump in the campus hiring. Cognizant hired 1,643 students from VIT which superseded the previous record of 1,075 in Limca Book of Records.
Tech honchos war begins on campus hiring
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Prabhankar Narayan, a professor from one of the engineering colleges in India said that now companies fight for early placement slots to get access to more students and sometime even demand to prevent the entry of their competitors in campus.

TCS hired 1,091 students from SRM University in Chennai and 1,359 students from Shanmugha Arts, Science, and Technology & Research Academy (SASTRA) University in Thanjavur. Accenture hired 1,309 students at Amity University in Noida while Infosys hired 1,224 students at Amrita University in Coimbatore.

"So comparatively this year the firms offer a good pay. The number of companies coming to the campus has increased and the competitions among the companies are really helpful to us in getting good job," said Ashok Kumar an engineering student from Bangalore.