Nielsen Company , a leading provider of consumer & media information services, on Thursday, inked an agreement with Tata Consultancy Services for outsourcing a portion of Nielsen’s IT and operations functions worldwide, reports DHNS from Mumbai.
Under the 10-year agreement, valued at $1.2 billion, TCS will assume responsibility for important IT and operational processes, and help Nielsen integrate and centralise multiple systems, technologies and processes on a global scale. It will also assume responsibility for certain finance and human resource business processes, which will be executed on a new BPO platforms built by TCS.
TCS will also set up an Innovation Lab with Nielsen to help the customer conceptualise the next generation of business solutions for its end-clients globally. TCS will even take direct responsibility for Nielsen’s team based in Gujarat that has developed expertise in key information-management processes for Nielsen’s Retail Measurement Services. The team will complement TCS’ established Knowledge Process Outsourcing team and help accelerate development of TCS’ KPO service delivery platform.
Healthcare firm to invest $14 m
Omega Healthcare on Thursday, announced plans to invest over $14 million to expand its Bangalore and Chennai facilities, and to double its employee base to more than 3,000 over the next 18-24 months, reports DHNS from Bangalore. Omega Healthcare Co-Founder & CEO Gopi Natarajan said, “We will continue to tap into India’s vast resources and remain ahead of the industry curve by delivering world class business outsourcing services.”
The company employs 1,200 associates at its Bangalore and Chennai facilities, he added. Omega Healthcare accounts for more than 15 per cent of 8,500 third party billing jobs outsourced to India by the US health industry, said Chief Marketing Officer Anurag Mehta. Omega Board Chairman & Managing Partner Harold Blue said, “India is an ideal venue to support our medical billing clients efficiently and we increasing our presence here.”
Macquaire Bank JV with Religare
Sydney headquartered Macquarie Bank on Thursday signed a joint venture pact with a Ranbaxy promoter group company, Religare Enterprises for wealth management business in India, reports DHNS from Mumbai. Under the JV, Macquaire would become a 50 per cent shareholder of Religare Wealth Management Services, a subsidiary of Religare Enterprises, and the business is expected to be renamed Religare Macquarie Wealth Ltd.
Both will provide advisory based wealth management solutions to the fast growing number of high net-worth investors in India. The two will also be looking closely at specific investment gaps in the Indian investment market and will work to provide it with diverse range of investment products and services. It will also look at advanced technical solutions that will make management of investment portfolios for investors easier and more manageable.
