TCS wins $1-bn deal from UK's National Employment Savings Trust

Tata Consultancy Services (TCS) said it has expanded its partnership with UK's workplace pension scheme, National Employment Savings Trust (Nest), in a contract worth £840 million ($1 billion) for an initial tenure of 10 years. The maximum estimated value of the contract, if extended to the entirety of its 18-year tenure, would be $1.96 billion, TCS said in a statement.