News: TCS gets multi-million dollar contract in China

(RTR 13/02/2007) Bangalore - Tata Consultancy Services Ltd, India's top software services exporter, said on Tuesday it had won a multi-million dollar contract from a unit of the People's Bank of China.

TCS, part of India's salt-to-software conglomerate Tata Group, will implement a comprehensive international trading system for China Foreign Exchange Trade System, the company said in a statement. It did not give a specific value for the deal.

TCS set up operations in China in 2002.

At 0747 GMT, shares in TCS were up 1.6 per cent to Rs 1,247 in a Mumbai market that was up nearly one per cent.