Keeping up his attacks on Tata Group interim chairman Ratan Tata, BJP leader Subramanian Swamy fired yet another salvo at the veteran industrialist for investing huge amounts of money into Britain, instead of doing so in India. Tata Steel had acquired UK-based Corus for around 6.2 billion pounds in 2008, making the company the fifth […]
IT company Tata Consultancy Services (TCS) said it has deployed software to provide unemployment insurance by the Mississippi, Rhode Island and Maine Consortium to help unemployed individuals. Mississippi’s unemployment insurance program helps provides monetary benefits to those who have involuntarily lost their jobs while they look for new employment opportunities, the company added. The TCS developed unemployment insurance solution […]
IT services provider Tata Consultancy Services(TCS) said it developed a solution to reduce the manufacturing cost and time of gas turbines in collaboration with General Electricals (GE). The digital solution along with GE’s operating system will analyze temperatures at various points on the metal turbine parts when they are assembled and cooled thereby allowing the […]
Tata Consultancy Services, a leading IT company from India, today announced a new software that enables retailers to gauge customer behaviour data from sensors placed in retail stores that can measure and analyse their movements and buying behaviour, said the company. This can help the retailers understand and deliver a personalised experience to their customers […]
Tata Consultancy Services said it will expand its three-year engagement with US Airline JetBlue to include several new projects. The initial contract covered areas such developing new platforms, quality assurance and infrastructure services. Under a new deal, TCS will now provide new services to improve data analytics and operational agility, and to develop innovative tools […]
Tata Consultancy Services launched a solution to enable Voice over LTE services for virtualized networks. Virtualilized networks refer to software-defined networks that lives on top of a large number actual or hardware networks. Many telecom operators are moving to virtualized networks and away from ‘bare metal’ networks to increase resilience and flexibility of the networks. […]
The TCS-CMC merger achieved a crucial milestone with the Bombay High Court approving the merger. The court approval virtually completes the legal formalities involved in the deal. CMC has around 11,000 employees, while TCS has over 3 lakh. CMC’s results are already consolidated in TCS’ numbers as it is a subsidiary. CMC shareholders will get […]
Tata Consultancy Services said Bank of Bhutan has selected TCS BaNCS for its Core Banking Solution. Bank of Bhutan is the largest commercial bank in the Kingdom of Bhutan with a network of 46 branches, including extension branches, 62 ATMs, a state-of-the-art mobile banking solution and a dedicated Contact Center and is the official bank […]
Tata Consultancy Services said it has has been selected by digital media company Adobe as a Premier Partner, the highest level of partnership among Adobe’s global ecosystem. “This new partnership enables TCS clients to fully leverage Adobe’s Marketing Platform and its core solutions, allowing them to design and execute customized strategies and integrated marketing campaigns […]
Tata Consultancy Services seemed to be suffering from intense pricing competition, as it reported a sequential dollar revenue growth of just 3.5% compared to the 4% that the Street was looking for. “We’ve had a realization dip of 120 basis points. Realization has been flat compared to last year.. last two quarters had seen realization […]
Tata Consultancy Services Ltd is scheduled to report its first-quarter results at 4 pm today. India’s biggest IT services company has been giving out disappointing quarterly numbers for over a year, and the market is hoping that the IT major will not disappoint this time. We bring you a summary of what different analysts expect […]
Tata Consultancy Services Ltd has won shareholder approval for its ongoing merger with unit CMC Ltd. TCS had announced the merger late last year. A court convened meeting of shareholders of TCS was called yesterday, and over 99% of the votes cast on the subject were in favor of the merger. TCS already owned a […]
Tata Consultancy Services Ltd seems to be on track to report a disappointing full year. The company warned in an analyst meet that its revenue would be impacted by foreign exchange movements. However, such cross currency movements are unlikely to affect its profits much. At its analyst meet today, TCS stated that its final quarter […]
FITE, which was formed by disgruntled IT workers to prevent large-scale layoffs in the sector, hailed the withdrawal of the termination letter to a female employee that has been challenged in a labor court in Chennai. The ‘Forum for IT Employees’, a semi-formal organisation that uses social media extensively for propagating its stands and attracting […]
FITE said it would hold a protest in Delhi today at 1 pm against what it called unjust termination of staff by TCS. TCS had, in its earnings press conference yesterday, asserted that the company had a policy of ‘involuntary attrition’ of those who failed to keep up with performance requirements. It also said only […]
Wipro will cut one third of its employee base. Tata Consultancy Services to apparently let go off 25,000 senior employees (according to Business Standard). Infosys is in the middle of a transformation aimed at limiting the number of employees and increasing the use of automation. Is the golden age of Indian Information Technology over? More […]
Tata Consultancy Services Ltd, which has been disappointing analysts for the last three quarters with sequential growth of 2.0-2.5%, is likely to see a break-out in its upcoming results with a 5.1% jump in revenue, Kotak Institutional Equities said. It also projected a 2.3% jump for Infosys, which had seen its revenue fall by 0.4% […]
Stocks of Indian IT service providers like Tata Consultancy Services, Infosys Ltd, HCL Technologies etc. are near their historic lows in terms of valuation and do not have much more scope for further correction, Edelweiss Financial Services said. “IT stocks have corrected sharply in the past couple of months led by INR appreciation and portfolio […]
Tata Consultancy Services Ltd may hire more off-campus freshers this year than previously as it has offered only 25,000 appointment letters as part of its campus recruitment program for this year. The company, which crossed the 3-lakh employee base last quarter, plans to hire about 55,000 people this year, and said it has given letters […]
Wipro Limited reported IT services revenue of $1,720.2 million, a sequential increase of 2.5% and YoY increase of 8.5%. IT Services revenues in rupee terms was 106.2 billion ($1.8 billion1), an increase of 24% YoY. The numbers are better than those of Tata Consultancy Services and Infosys. TCS had reported growth of 1.9% and Infosys […]
