Page 23 - Tcs

TCS expands partnership with Africa's Standard Bank Group for security ops

Tata Consultancy Services (TCS) on Monday said it has expanded partnership with Africa's Standard Bank Group for security settlement operations. The Indian IT major will use their TCS BaNCS Global Securities Processing Platform for centralising and standardising operations in over 15 markets of Standard Bank Group (SBG), the company said in a statement. TCS BaNCS Global Securities Processing Platform is a SWIFT-certified single consolidated solution to help both buy-side and sell-side firms implement robust, error-proof trade processing, clearing and settlement, custody, portfolio accounting, and corporate actions administration, as per the company. The platform has been deployed in seven markets while the rest will be covered by March 2024, the statement said. "With this rollout, SBG will be able to offer a consistent experience and service level across markets and enable enhanced data strategies," TCS Global Head for Financial Solutions Venkateshwaran Srinivasan said. We selecte

Indian IT cos don't see any immediate challenges due to India-Canada tussle

So far, both Canada and India have expelled senior diplomats in reciprocal moves. On Thursday, September 21, India temporarily suspended visa services for Canadian citizens

M-cap of nine of top-10 valued firms add Rs 1.80 trn; TCS biggest winner

The combined market valuation of nine of the top-10 most valued firms rallied by Rs 1,80,788.99 crore last week, amid an overall buoyant trend in equities, with Tata Consultancy Services (TCS) emerging as the biggest gainer. Last week, the BSE benchmark jumped 1,239.72 points or 1.86 per cent. The 30-share BSE Sensex rallied for the 11th day running on Friday. The 30-share BSE benchmark had jumped 319.63 points or 0.47 per cent to settle at a record closing of 67,838.63 on Friday. During the day, it rallied 408.23 points or 0.60 per cent to hit its fresh all-time intra-day high of 67,927.23. Hindustan Unilever Limited was the only laggard from the top-10 pack. The list of winners had Reliance Industries Limited, TCS, HDFC Bank, ICICI Bank, Infosys, ITC, State Bank of India, Bharti Airtel and Bajaj Finance. The market valuation of TCS jumped Rs 57,300.75 crore to Rs 13,17,203.61 crore. HDFC Bank added Rs 28,974.82 crore taking its market capitalisation (mcap) to Rs 12,58,989.87 ...

TCS joins Living Heart Project to create digital human heart models

Tata Consultancy Services on Monday said it joined the Living Heart Project of European technology major Dassault Systmes to create accurate digital human heart models. TCS in an exchange filing said it will use its domain and technology expertise, and research on the Digital BioTwin of the heart to contribute to model refinement, simulation, and technological implementation in developing and validating accurate and personalised digital human heart models. The TCS Digital BioTwin is a biophysics-based high-fidelity computational model developed by TCS researchers to enable the investigation of the function of a particular human organ remotely and non-invasively. The Living Heart Project unites an ecosystem of cardiovascular researchers, educators, medical device developers, regulatory agencies, including US FDA, and practising cardiologists, to develop and validate realistic digital simulations of the human heart. A groundbreaking project with the Living Heart simulated 3D heart m

Reliance Industries, Tata group partner Nvidia for India AI infrastructure

TCS will utilise the AI infrastructure and capabilities to build and process generative AI applications

Stocks to Watch: Reliance, Tata Consumer, Biocon, TCS, REC,Som Distilleries

Stocks to Watch on September 7, 2023: Tata Consumer Products has refuted reports that said it is in talks to acquire a majority 51 per cent stake in Haldiram's

TCS signs £800 million contract with digital unit of JLR for five years

TCS has operated in the UK for more than 45 years and works with over 200 clients

IT sector companies defer hikes, lower increments amid slow growth

Wipro has postponed salary hikes, while Infosys and HCL opt not to implement raises

Employee costs to haunt Indian IT even as biz prospects improve: Analysts

Indian IT Services companies, Goldman Sachs said, have doubled their market share in the last 10 years to 6.2 per cent of the global IT spending in CY22

'Technical glitch' in TCS system delays recruitment exam, probe ordered

A top bureaucrat in Maharashtra's revenue department will conduct an inquiry into the reason behind a technical glitch in the TCS server that caused a two-hour delay in start of recruitment examination for "talathis" on Monday in the state, causing inconvenience to candidates, said a Cabinet minister. IT major Tata Consultancy Services (TCS), responsible for conducting the online test, in a statement in the morning said, As per the technical team, there was a central hardware issue which has impacted the exam start time (9 am which was pushed to 11 am) in all the exam centres for talathi (revenue department officials) recruitment exam 2023 today. Maharashtra Revenue Minister Radhakrishna Vikhe Patil announced a high-level probe into the matter and expressed regret over inconvenience caused to candidates appearing for the exam. Talking to reporters here, he said, The additional chief secretary of the revenue department will conduct an inquiry into the reason behind the Tata ...

Top headlines: Hero Moto targets enhanced mkt share, market wrap and more

Business Standard brings you the top headlines at this hour

M-cap of seven of 10 firms declines by Rs 80,200 cr; TCS biggest laggard

The combined market valuation of seven of the top 10 valued firms declined by Rs 80,200.24 crore last week amid a weak trend in equities, with Tata Consultancy Services and HDFC Bank emerging as the biggest laggards. In a holiday-shortened last week, the BSE benchmark fell by 373.99 points or 0.57 per cent. From the top 10 pack, Reliance Industries, Hindustan Unilever and Infosys were the gainers while Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, ITC, State Bank of India, Bharti Airtel and Bajaj Finance saw a decline in their valuation. The market valuation of Tata Consultancy Services (TCS) tanked Rs 29,894.45 crore to Rs 12,32,240.44 crore. HDFC Bank's valuation declined by Rs 19,664.06 crore to Rs 12,02,728.20 crore. The market valuation of Bajaj Finance eroded by Rs 12,233.5 crore to Rs 4,15,763.47 crore and that of ITC tumbled Rs 8,338.45 crore to Rs 5,50,821.26 crore. Bharti Airtel's market capitalisation (mcap) fell by Rs 8,081.38 crore to Rs 4,78,730.70 crore a

Write-offs, investments in loss-making arms drain Tatas' dividend income

Tata Sons also made a fresh equity investment worth around Rs 1,800 crore in Tata Electronics in the past two years

Infosys Foundation announces STEM scholarship for underprivileged girls

Programme commits Rs 100 cr, will support more than 2,000 girl students in first phase

HCLTech announces new digital transformation deal from Cricket Australia

IT services company enable Cricket Australia to deliver immersive digital services across the world

Govt to deploy AI, advanced analytics solutions for Passport Seva services

The efforts are part of the Ministry of External Affairs' upgraded Passport Seva Program 2.0, which is being implemented through service partner TCS

The importance of being K Krithivasan: Why TCS picked him as the CEO

In reverting to the old vertical structure, K Krithivasan shows glimpses of why TCS picked him as the CEO

TCS bags contract to redesign, build new version of govt's GeM portal

IT major Tata Consultancy Services on Tuesday said it has bagged a contract from the government to redesign and build a new version of public procurement platform Government e-Marketplace (GeM). The GeM platform provides an end-to-end online marketplace for the central and state government bodies, including public sector undertakings, for procurement of common-use goods and services in a transparent and efficient manner. GeM CEO P K Singh said in its next avatar, GeM is envisioned to be an all-inclusive platform for government procurement, offering improved ease of doing business and transparency. "With TCS as our system integration partner, we are assured of architecting the new GeM with unmatched experience, rigour, and passion to develop a world-class solution," Singh said. The Gross Merchandise Value (GMV) of GeM is over Rs 2 lakh crore purchased by 70,000 buyer organisations from more than 65 lakh sellers and service providers, including over 8 lakh medium and small enterprise

TCS to revamp Government e-Marketplace, enhance efficiency, transparency

GeM acts as an end-to-end online marketplace for central, state govt bodies, including PSUs

TCS reclaims title of 2nd most valued firm by mcap; HDFC Bank 3rd place

Largest IT services company Tata Consultancy Services (TCS) jumped to the second spot in the list of most valued firms by market valuation, overtaking HDFC Bank. At the close of trade on Monday, TCS commanded a market capitalisation (mcap) of Rs 12,51,798.07 crore which was Rs 6,049.69 crore more than HDFC Bank's Rs 12,45,748.38 crore valuation on the BSE. Shares of TCS jumped 1.96 per cent to settle at Rs 3,421.10 apiece on the BSE. During the day, it climbed 2.10 per cent to Rs 3,426. However, HDFC Bank ended flat at Rs 1,651.10 per share, marginally up by 0.38 per cent. On July 20, HDFC Bank became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services. HDFC, the parent of HDFC Bank, merged into the lender on July 1. The USD 40 billion merger, the largest such deal in the Indian corporate history, was driven by a changing regulatory landscape, which limited the advantages for HDFC continuing as a non-bank lending entity. Re