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TCS launches SaaS platform for FIs to automate asset servicing

Tuesday, September 24, 2019, 8:31 PM

Tata Consultancy Services announced on Tuesday the launch of the TCS BaNCS Cloud for asset servicing, which it said automates the servicing of all classes of assets across all markets. It is targeted at custodians, broker dealers, asset managers and investment and private banks, TCS said in a statement. The platform provides end-to-end business operations management capability.
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NBFCs paying more to take the longer route

Saturday, August 10, 2019, 8:31 PM

Cost of funds for non-banking finance-companies is swelling since many of them are shifting towards issuing long-term bonds to diversify their borrowing portfolios and lessen immediate repayment obligations. The NBFC industry is gripped by credit-crisis after IL&FS Group-companies started defaulting on payments in August last-year. Credit from non-bank lenders, which contribute 20% to overall loans in economy, dropped 69% at the end of March.
 
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Zara's Indian Partner Building Its Own Cheaper "Fast Fashion" Chain

Monday, June 24, 2019, 8:40 PM

For nearly a decade, Tata-Group has been Inditex SA's partner running Zara stores in India. Now, country's largest-conglomerate is building its own apparel empire as trend-focused as Zara but at half the price. Trent, part of the $111-billion salt-to-software Tata conglomerate, is hoping its quick and responsive supply chain will help it become as ubiquitous in Asia's third-largest economy as Zara is in West.

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