Page 24 - Tcs

TCS undergoes rejig, creates a business unit focused on AI, Cloud

The rejig goes back to vertical focus, and will encompass the earlier rejig done by Rajesh Gopinathan

TCS helps AIB Life launch operations in Ireland with tech platform

TCS lent its technical expertise to create "a modern, cloud-based technology stack ground up", with its flagship insurance platform TCS BaNCS at the core, the firm said

Banks get 8 months to effect TCS on international credit card spend

Rule could be implemented from next fiscal year

TCS bags deal from BBC for finance, procurement, payroll management

Tata Consultancy Services (TCS) on Thursday said it has bagged a deal from British Broadcasting Cooperation (BBC) to change their finance, procurement and HR applications management. The company will leverage AI-driven human-machine collaboration suite, TCS Cognix in the multi-year partnership, the company said in a BSE filing. "TCS will also provide application management and change delivery services for the broadcaster's application estate supporting the finance, procurement and HR functions," the statement read. Amit Kapur, Country Head, UK and Ireland at TCS, said that the partnership will "strengthen TCS' position as a leader in delivering transformative business services to the media and entertainment industry". The Indian IT services giant has been operating in the UK for 45 years and tops software and IT services supply in the region in revenue terms. It employs 21,000 people in the UK and Ireland, making it among the region's biggest IT employers.

HDFC Bank becomes 2nd most valuable company, TCS falls to 3rd place

HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services. At the close of trade, HDFC Bank, which recently completed the merger of its mortgage financier parent HDFC into itself, commanded a market capitalisation (mcap) of Rs 12,72,718.60 crore, which was Rs 5,826.95 crore more than TCS' Rs 12,66,891.65 crore valuation on the BSE. Shares of HDFC Bank ended at Rs 1,688.50 apiece, up 0.22 per cent on the BSE. During the day, it climbed 0.36 per cent to Rs 1,690.95. However, shares of TCS dipped 0.25 per cent to end at Rs 3,462.35 each. During the day, it fell 1 per cent to Rs 3,436. 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. Reliance Industries is the country's most valued firm

TCS expands partnership with GE HealthCare Tech for IT operations

Tata Consultancy Services (TCS) on Wednesday said it has expanded its partnership with GE HealthCare Technologies to transform the American multinational firm's IT operating model. The transformation will bring intelligent care solutions to one billion patients across more than 160 countries where GE HealthCare operates, TCS said. TCS will manage the development, maintenance, rationalisation, and standardisation of GE HealthCare's enterprise IT applications and also leverage artificial intelligence for faster time to value realisation, operational resilience, and productivity, it said. Anupam Singhal, Business Head, Corporate Accounts, TCS, said: "TCS' long-standing relationship with GE HealthCare is founded on the shared belief that technology helps improve lives and contribute to the overall well-being of individuals and communities." Chief Information Officer of GE Healthcare Jahid Khandaker said the collaboration will address the changing patient requirements and support medica

TCS extends partnership, will strengthen GE Healthcare's tech operations

IT services firm's service will enable GE Healthcare to provide care solutions to more than 1 bn patients

IT companies to focus on fixed price projects to improve margins: Report

Fixed price projects allow companies to control the cost better and also to introduce automation in the projects

TMS Ep478: UPI goes global, Chandrayaan-3, MFs and small-caps, TCS vs TDS

How can UPI replicate its success abroad? How will Chandrayaan 3 mission help space start-ups? Why are MFs finding the going tough for small-cap schemes? How is TCS different from TDS? Answers here

M-cap of 6 of top-10 valued firms jumps Rs 2 trn; Reliance, TCS big winners

Six of the top-10 most valued firms together added Rs 2,03,010.73 crore in market valuation last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers, amid an optimistic trend in equities. Last week, the 30-share BSE benchmark jumped 780.45 points or 1.19 per cent. The Sensex on Friday settled at its new all-time closing high of 66,060.90. From the top-10 pack, the market valuation of Reliance Industries jumped Rs 69,990.57 crore to reach Rs 18,53,033.73 crore. Tata Consultancy Services (TCS) added Rs 68,168.12 crore taking its valuation to Rs 12,85,058.84 crore. The market valuation of Infosys rallied Rs 39,094.81 crore to Rs 5,91,547.67 crore and that of Bharti Airtel surged Rs 10,272.84 crore to Rs 4,95,116.94 crore. The market capitalisation (mcap) of ICICI Bank climbed Rs 10,135.42 crore to Rs 6,72,837.72 crore and that of ITC went up by Rs 5,348.97 crore to Rs 5,87,951.43 crore. However, HDFC Bank's valuation fell by Rs 8,695.25 crore

Nifty IT index gains 6% in 2 days; Tech Mahindra, Coforge hit 52-week highs

Mphasis surged 4 per cent, while TCS, Infosys, HCL Technologies and L&T Technology Services gained in the range of 2 to 3 per cent

Strong order book, diversified portfolio drive Street's confidence in TCS

The positive from TCS' point of view, which reported flat sales growth QoQ, was the strong order book which topped the $10.2-billion mark

TCS shares climb 3% post-earnings announcement, mcap jumps Rs 29,437 cr

Shares of Tata Consultancy Services (TCS) climbed almost 3 per cent on Thursday a day after the company reported a 16.83 per cent increase in its June quarter net profit to Rs 11,074 crore. The stock climbed 2.47 per cent to settle at Rs 3,340.65 on the BSE. During the day, it rallied 3.24 per cent to Rs 3,366. It was the biggest gainer among the BSE Sensex and NSE Nifty firms. At the NSE, it climbed 2.59 per cent to end at Rs 3,344.50. The company's market valuation jumped Rs 29,437.08 crore to Rs 12,22,361 crore in tandem with rally in the stock. A total of 2.69 lakh shares of the company were traded at the BSE and over 45.85 lakh shares on the NSE during the day. The rally in the stock was instrumental in helping equity markets trade firm. The 30-share BSE Sensex ended 164.99 points, or 0.25 per cent, higher at 65,558.89, and the NSE Nifty went up by 29.45 points, or 0.15 per cent, to 19,413.75. The Tata Group company had reported a net profit of Rs 9,478 crore in the year-ago

Long-term tech story intact for TCS, says CEO and MD K Krithivasan

K Krithivasan, CEO and MD of TCS, shares insights on the business environment, acknowledging that though near-term uncertainty persists, long-term tech story is intact >

New tech not IT-driven... long-term tech spend intact: TCS CEO & MD

'We have not seen too many large deals compared to last quarter. But some of them will be large'

Sensex sheds 505 pts from summit, ends 165 pts up; PSU banks crack; IT gain

CLOSING BELL ON JULY 13, 2023: The NSE Nifty50 hit a new high of 19,567, before finishing with a modest gain of 29 points on Thursday. Broader indices ended in red.

Generative AI deals expected in 2 quarters; will not be mega wins: TCS CEO

The country's largest IT services company TCS is expecting some generative artificial intelligence- (AI) based deals in the next two quarters, but their sizes will not be big, its top official said on Thursday. Those deals will not be over USD 1 billion, TCS Chief Executive Officer and Managing Director K Krithivasan told PTI during an interview here. Each organisation will spin out a number of deals, but there may not be a single billion dollar kind of deal in generative AI, Krithivasan said, adding that at present, every organisation is tinkering to assess the possibilities of the new technology. TCS, which on Wednesday announced its intent to train 1 lakh associates on generative AI and working on 50 proofs of concept, is also gearing up for the changes in the landscape, Krithivasan said. The major impact (for) organisations will happen only when they embark on an enterprise-wide programme. As long as they keep doing some use cases here, some use cases there, some pilots here, e

TCS may hit Rs 4,000-mark on Q1 boost; HCL Tech could dip to Rs 1,000 level

Once the range of Rs 3,380 to Rs 3,350 is conquered, TCS shares are set to hit a new historic peak. HCL Tech, meanwhile, may slip under Rs 1,000 if it fails to hold the 200-DMA

Q1 results impact: TCS up 2%, HCL Tech slips; Brokerages remain optimistic

TCS's management maintained that near term demand challenges remain and refrained from giving recovery timelines, implying a slow and gradual recovery ahead.

IT giant TCS kicks off appraisal cycle during annual compensation review

He also added that the company's retention level will be back to pre-pandemic level by the second half this fiscal year.