Tata IT signs ‘largest deal’ worth $2 billion


India’s largest IT services company Tata Consultancy Services (TCS) on Friday announced bagging its biggest new deal valued over $2 billion from a US-based insurance company, a day after reporting a slide in its quarterly earnings. “The multi-year agreement is worth more than $2 billion in revenues, the largest contract signed by TCS to date,” the company said in a statement announcing the contract with Transamerica. The agreement comes a day after the IT giant’s disappointing slide of almost four percent in its third-quarterly earnings due to falling demand for its banking and financial services from global clients. The Indian software…

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