May 2024

2 briefs archived this month.

• Startup

  Kuwait's Burgan Bank Partners With TCS to Modernize Core Banking

  Tata Consultancy Services (TCS) has secured a digital transformation contract with Burgan Bank, a prominent commercial bank in Kuwait, to modernize its core banking infrastructure. Under the agreement, Burgan Bank will deploy the TCS BaNCS software suite to consolidate multiple legacy applications into a unified, universal banking platform. The multi-year core overhaul aims to modernize transaction processing, streamline customer onboarding, and accelerate the rollout of digital banking products across the Middle East, strengthening TCS's presence in regional financial technology transformation.

  May 23 · Indianweb2.com

• Startup

  Hinduja Family Tops Sunday Times Rich List With £37.2B Fortune

  The Hinduja family, led by Chairman Gopichand Hinduja, has secured the top ranking on the Sunday Times Rich List 2024 with an estimated net worth of £37.196 billion. The UK-based multinational conglomerate operates across 38 countries with extensive business interests in commercial vehicles, banking, digital infrastructure, energy, and healthcare, including Indian entities like Ashok Leyland and IndusInd Bank. The annual list tracks the wealthiest individuals and families residing in the UK, underscoring the business group's continued global enterprise expansion.

  May 17 · Indianweb2.com