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Tata Sons sells 1.5% stake in TCS; stock falls 6%
Posted on 13th March 2018
Tata Consultancy Services (TCS) dipped 6% to Rs 2,872 on the National Stock Exchange (NSE) after the promoter Tata Sons sold around 1.5% stake in information technology (IT) major through block deals.

Till 09:27 am; a combined 34.74 million equity shares representing 1.8% holding of TCS have changed hands on the NSE and BSE.

TCS ranked as the fastest growing IT services brand in 2018
Posted on 7th March 2018
Leading global IT services organisation, Tata Consultancy Services (TCS), on Thursday was named as the fastest growing IT services brand in the world in an assessment done by leading brand valuation firm, Brand Finance.

According to Brand Finance IT Services 15 annual report for 2018, TCS now has a total brand value of $10.391 billion; a growth of 14.4 percent from last year's total of $9.081 billion, with an increase of $1.309 billion.

TCS iON to launch 'phygital' to offer vocational training across country
Posted on 28th February 2018
TCS, India’s biggest Information Technology (IT) services company, is betting big on vocational training harnessing the strength of iON, the company’s digital training unit.

Starting from the third-week of February, TCS iON has announced the launch of “phygital” project, an ambitious initiative which intends to leverage both the physical and digital infrastructure to offer vocational courses in far flung areas across the country.

Automation is about upscaling business, not job cuts, says TCS COO Ganapathy Subramaniam
Posted on 30th January 2018
Confident that automation and artificial intelligence will help businesses upscale and grow bigger, a top TCS executive says the job loss fears in the IT industry are highly exaggerated and it is the organisation’s responsibility to reskill and upskill its workers. Chief Operating Officer N Ganapathy Subramaniam, who has been with TCS for 35 years and is known as NGS among colleagues, said the ‘change’ is the only constant in the IT industry and internally his company uses it as an acronym -‘Change Has Another Name, Gaining Excellence’.

Infosys, TCS join global tech-reskilling drive for 1 million workers
Posted on 25th January 2018
Indian information technology giants TCS and Infosys have joined a global drive for tech reskilling of one million workers in the first such IT industry initiative. The exercise, whose founding partners also include Accenture, CA Technologies, Cisco, Cognizant, Hewlett Packard Enterprise (HPE), Pegasystems, PwC, Salesforce, and SAP, aims to bring competitive training content on one platform to serve the greater good.

The initiative will be targeting one million people for training and resource opportunities on the World Economic Forum (WEF) SkillSET portal by January 2021.

TCS becomes 2nd ever Indian firm to top Rs 6 lakh crore in market cap; briefly pips RIL from top spot
Posted on 24th January 2018
The market capitalisation of Tata Consultancy Services surpassed Rs 6 lakh crore mark for the first time ever to become the second Indian company to achieve this milestone after RIL. In the intraday trades, TCS market capitalisation briefly breached the market cap leader RIL. Shares of TCS surged as much as 4.89% to hit the all-time high of Rs 3,254.8 after opening flat at Rs 3,100. Following a sharp spike in the share prices, India’s largest IT Company and Tata group’s cash cow TCS added as much as Rs 29,029.91 crore to Rs 6,23,052.49 crore in the market capitalisation at the day’s high price.

Infosys,TCS join global tech-reskilling drive for 1 mn workers
Posted on 24th January 2018
DAVOS: Indian IT giants TCSBSE 2.83 % and InfosysBSE 2.33 % have joined a global drive for tech reskilling of one million workers in the first ever such IT industry initiative.

The initiative, whose founding partners also include Accenture, CA Technologies, Cisco, Cognizant, Hewlett Packard Enterprise (HPE), Pegasystems, PwC, Salesforce and SAP, aims to bring competitive training content together on one platform to serve the greater good.

IT shares gain; TCS hits new high, crosses Rs 3,000 mark
Posted on 22nd January 2018
Shares of information technology (IT) companies were continue at their upward movement with the sector giant Tata Consultancy Services (TCS) hit a new high crossing Rs 3,000 mark on BSE.

Besides TCS, Persistent Systems, Mindtree, Take Solutions, Tata Elxsi, Zensar Technologies, NIIT Technologies, Tech Mahindra and MphasiS were up in the range of 1% to 6% on BSE on Monday.

TCS bags $690 million contract from M&G Prudential
Posted on 17th January 2018
India’s largest IT services exporter Tata Consultancy Services (TCS) continued with its spree of signing large deals with the latest being a $690-million contract spread over 10 years with UK-headquartered M&G Prudential. M&G Prudential is the savings and investments business of Prudential and now, TCS will administer the former’s 4 million life and pension contracts by moving it onto a digital platform. Earlier, this contract was managed by Capita, an IT outsourcer based in the UK.

TCS edge for retail major
Posted on 18th January 2018
Mumbai: Tata Consultany Services (TCS) on Monday said it had bagged a five-year deal from Marks & Spencer to help the British retail giant to become a "digital first" business.

The development comes just two days after the country's largest IT services firm won its largest contract - a $2-billion deal from US insurance group Transamerica.

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